PUBLISHER: The Business Research Company | PRODUCT CODE: 1556175
PUBLISHER: The Business Research Company | PRODUCT CODE: 1556175
Adaptive optics is a technology designed to enhance the performance of optical systems by correcting distortions caused by atmospheric conditions or imperfections in lenses. This technology uses real-time adjustments with deformable mirrors or spatial light modulators to produce clearer images. It is commonly employed in fields such as astronomy, microscopy, and vision science to improve image quality.
The primary components of adaptive optics include wavefront sensors, wavefront modulators, control systems, and other related technologies. Wavefront sensors are optical instruments that measure light wavefront aberrations, providing precise data on the shape and imperfections of the wavefront. Adaptive optics have diverse applications, including ophthalmology, microscopy, laser technology, and more. The end users of this technology span across various sectors, including the military, healthcare, defense, manufacturing, consumer electronics, information technology services, and telecommunications.
The adaptive optics market research report is one of a series of new reports from The Business Research Company that provides adaptive optics market statistics, including the adaptive optics industry's global market size, regional shares, competitors with an adaptive optics market share, detailed adaptive optics market segments, market trends and opportunities, and any further data you may need to thrive in the adaptive optics industry. This adaptive optics market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The adaptive optics market size has grown exponentially in recent years. It will grow from $1.83 billion in 2023 to $2.40 billion in 2024 at a compound annual growth rate (CAGR) of 31.3%. The growth observed during the historic period can be attributed to several factors, the increasing prevalence of retinal degenerative diseases, a rising demand for photonics-enabled products, greater adoption of adaptive optics in ophthalmology and retinal imaging, and heightened investments in the military sector.
The adaptive optics market size is expected to see exponential growth in the next few years. It will grow to $7.17 billion in 2028 at a compound annual growth rate (CAGR) of 31.5%. The projected growth during the forecast period can be attributed to several factors, the increasing need for medical imaging, a rising demand for high-resolution imaging, growing interest in adaptive optics technology, heightened demand for photonics-enabled products, and the increasing prevalence of retinal degenerative diseases. Key trends expected to drive growth include technological advancements, innovations in products integrated into consumer electronics, progress in sensor technology, development of cutting-edge adaptive optics devices, and greater integration of adaptive optics into retinal imaging and vision assessment products.
The expansion of medical imaging is expected to drive growth in the adaptive optics market. Medical imaging involves creating visual representations of the body's interior for clinical analysis and intervention. This field is advancing due to technological improvements that enhance diagnostic accuracy and the rising incidence of chronic diseases, which require precise imaging for effective treatment. Adaptive optics are used in medical imaging to enhance image quality and resolution by correcting optical distortions and clarifying detailed structures within tissues. For example, the National Health Service, a UK-based government department, reported in December 2022 that England conducted 44 million imaging tests in the year ending March 2022, a 26% increase from the 34.9 million tests the previous year. The most frequent procedure was plain radiography (X-ray), with 21.8 million tests (a 30% increase), followed by diagnostic ultrasonography (10.1 million, up 23%), computerized axial tomography (6.7 million, up 21%), and magnetic resonance imaging (3.8 million, up 28%). This growth in medical imaging is driving the demand for adaptive optics.
Key players in the adaptive optics market are focusing on developing advanced products, such as dynamic aberrometry measurement systems, to offer precise objective refractions and analyze ocular surface quality and accommodative function. Dynamic aberrometry measurement systems (DAMS) use real-time analysis and correction of optical aberrations to improve the accuracy of vision correction procedures such as LASIK surgery. For instance, in March 2023, WaveFront Dynamics Inc., a US-based medical device company, launched the WaveDn vision analyzer. This state-of-the-art system captures video of the eye's dynamic optical system over time, providing accurate objective refractions and detailed analysis of ocular surface quality and accommodative function. This technology enhances eye care quality and patient outcomes.
In July 2024, Belden Incorporated, a US-based fiber optic cable manufacturer, acquired Precision Optical Technologies Inc. for an undisclosed amount. This acquisition is intended to strengthen Belden's optical fiber technology capabilities and expand its presence in high-growth markets such as telecommunications and data centers. Precision Optical Technologies Inc. specializes in adaptive optics solutions.
Major companies operating in the adaptive optics market are Northrop Grumman Corporation, Canon Inc., Juniper Networks Inc., Synopsys Inc., Benchmark Electronics Inc., Schott AG, Hamamatsu Photonics K.K, Trex Enterprises, Thorlabs Inc, Edmund Optics Inc, Zygo Corporation, Flexible Optical B.V, Active Optical Systems, ALPAO SAS, Boston Micromachines Corporation, Imagine Eyes, Iris AO Inc, Imagine Optic SA, Baker Adaptive Optics, 4D Technology Corporation, Phasics Corporation, AKA Optics SAS, Teledyne e2v, Opsydia Limited, Holoeye Photonics AG
North America was the largest region in the adaptive optics market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the adaptive optics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the adaptive optics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The adaptive optics market consists of sales of deformable mirrors, wavefront sensors, spatial light modulators, control systems and software, adaptive optics modules for telescopes, high-resolution imaging systems, microscopy systems with adaptive optics, and vision correction devices. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Adaptive Optics Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on adaptive optics market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for adaptive optics ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The adaptive optics market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.