By Component (Control System, Wavefront Sensor, Wavefront Modulator), End User (Industrial & Manufacturing, Military & Defense, Astronomy, Consumer, Biomedical, Communication & Others), and Regional Market Size, Status and Forecast to 2025
The Global Adaptive Optics Market was valued at USD 225.01 million in 2016 and is projected to reach USD 4962.82 million by 2025, growing at a CAGR of 41.02% from 2017 to 2025.
Adaptive optics is a technology used to improve the performance of optical systems by reducing the effect of wavefront distortions. It aims at correcting the deformations of an incoming wavefront by deforming a mirror in order to compensate for the distortion. Adaptive optics works by using a small deformable mirror or liquid crystal array to correct for wave front distortions. This can be used to solve wavefront distortion problems in fields such as microscopy, retinal imaging, and laser communication.
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1. Market Drivers
1.1 Increasing use of lighter materials for optics
1.2 Growing government investments
1.3 Increasing need for corrective eyewear
1.4 Advancements in optics technology
1.5 Growing adoption of adaptive optics in ophthalmology and retinal imaging
2. Market Restraints
2.1 Continuously changing technology
2.2 Lack of multidisciplinary expertise
2.3 Stringent federal regulations and slow transition from conventional optics
2.4 High initial cost
The Global Adaptive Optics Market is segmented on the component, end user, and region.
1. By Component:
1.1 Control System
1.2 Wavefront Sensor
1.3 Wavefront Modulator
2. By End User:
2.1 Industrial & Manufacturing
2.2 Military & Defense
3. By Region:
3.1 North America (U.S., Canada, Mexico)
3.2 Europe (Germany, UK, France, Rest of Europe)
3.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
3.4 Latin America (Brazil, Argentina, Rest of Latin America)
3.5 Middle East & Africa
The major players in the market are as follows:
1. Flexible Optical B.V.
2. Active Optical Systems, LLC
3. Adaptica S.R.L.
4. Northrop Grumman Corporation
5. Teledyne e2v (UK) Ltd
6. Thorlabs, Inc.
7. Iris Ao, Inc.
8. Phasics Corp.
9. Boston Micromachines Corporation
10. Imagine Optic Sa
11. Hamamatsu Photonics K.K
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
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RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH:
Research study on the Global Adaptive Optics Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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