The adaptive optics global market is estimated to be around $90billion by 2025. The market growth can be attributed to the varied critical applications that adaptive optics has in different sectors such as biomedical, defense and security, communication and other sectors. With technological innovations, adaptive optics components are now being designed and produced at low costs. This will contribute to the growth of adaptive optics market over the forecast period. With increase in demand for microscopy supplemented with high resolution and applications of adaptive optics in laser communications, the market will exhibit a significant growth in coming few years. Rising use of adaptive optics in retinal imaging and biomedical research operations will further fuel the market growth during the forecast period. However, high capital investment and stringent norms for regulatory compliances related to use of powerful lasers can restrain the growth of adaptive optics market.
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Adaptive Optics Application Outlook:
The defense and securitysegment held the largest share of the overall market in 2016. It is predicted to maintain this dominance over the forecast period owing to vast applications of adaptive optics in surveillance and laser based missile systems along with secure defense communication systems. Consumer devices segment will exhibit the most promising growth rate in coming few years as a result of beneficial factors such as high optical quality and a low rate of power consumption.
Adaptive Optics Technology Outlook:
The wavefront sensor market held around half of the global market in 2016. They are majorly used for measuring wave-front distortions in optics. These sensors have various applications in ophthalmology and microscopy. The control system market will witness a notable growth during the forecast period. These systems are primarily used to measure the wavefront’s shape and to produce signals representing the wavefront.
Adaptive Optics Competitive Analysis:
Heavy investments in research and development are set to drive the global competitive adaptive optics market. For instance, Canon has developed the new Adaptive Optics Scanning Laser Ophthalmoscope (AO-SLO) which examines eyes at a cellular level and aids in diagnosing retinal diseases at a very early stage. Some of the key players operating in this market areIris AO Inc., Boston Micromachines Corporation, Olympus Corporation, Raytheon Company, Northrop Grumman Corporation, Canon Inc., Benchmark Electronics, Inc., Sacher Lasertechnik Gmbh, Celestron LLC and Carl Zeiss Meditec AG.
Adaptive Optics Market Segmentation:
- Wavefront Sensor
- Wavefront Modulator
- Control System
- Consumer Devices
- Defense and Security
- Rest of Europe
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Table of Contents:
Chapter 1. Introduction
1.1. Report Description
1.2. Research Methodology
1.2.1. Secondary Research
1.2.2. Primary Research
Chapter 2. Executive Summary
2.1. Key Highlights
Chapter 3. Market Overview
3.1.1. Market Definition
3.1.2. Market Segmentation
Chapter 4. Adaptive Optics market, By Technology
Chapter 5. Adaptive Optics Market, By Application
Chapter 6. Adaptive Optics Market, By Region
…CONTINUED FOR TOC
Adaptive Optics Market Opportunities:
The future growth opportunities in adaptive optics lie in the technological advancements facilitated by targeted research to derive further benefits of adaptive optics technology for specific applications. Large players in the market are spending huge amounts on research to develop more advanced devices and gain competitive advantage over other players in the market.
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Data is extensively collected through various secondary sources such as annual reports, investor presentations, SEC filings, and other corporate publications. We also refer trade magazines, technical journals, paid databases such as Factiva and Bloomberg, industry trade journals, scientific journals, and social media data to understand market dynamics and industry trends. Further, we also conduct primary research to understand market drivers, restraints, opportunities, challenges, and competitive scenario to build our analysis.
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