The global market for adaptive optics has seen significant traction in the past few years and is expected to continue expansion at an astounding pace in the next few years. The market is chiefly driven by the increasing demand for this technology across different sectors, such as defense and security, biomedical. Moreover, with advancement of technology, various adaptive optics components are being developed at low cost and are anticipated to fuel the demand for adaptive optics.
Smaller and low cost wavefront sensors are likely to facilitate entry and growth of adaptive optics technology in the smaller observatory market, and ultimately the market for amateur astronomers. In addition, with advent of technology, sensitive detectors are expected to be developed in the future with faster closed-loop correction, which in turn, would make adaptive optics effective at progressively smaller wavelengths. Owing to these factors, the global market for adaptive optics is expected to witness significant traction during the next few years.
According to Transparency Market Research, global adaptive optics market will exhibit a staggering 83.9% CAGR over the period between 2016 and 2024, in terms of revenue. Expanding at this astounding pace, the market, which had a valuation of US$458.3 mn in 2015, will rise to US$109,685.9 mn by 2024.
For an in-depth analysis, the adaptive optics market is segmented on the basis of technology, application and geography. In terms of technology, the market is segmented into wavefront modulator, wavefront sensor, and control system. Of these, the segment of wavefront sensor accounted for the dominant 45% share in the global adaptive optics market in 2015 and is expected to maintain its dominant position during the forecast period as well.
Wavefront sensors play an important role in evaluating the wavefront with enough spatial resolution and suitable speed for real time compensation and the market for the same is likely to witness strong growth in the next few years. The segment of wavefront modulators, on the other hand, is expected to gain traction in the global adaptive optics market due to the user friendly characteristics of this technology. Wavefront modulators held a substantial market share in 2015 and are expected to embark upon a stable growth path during the forecast period as well. The segment of control systems is expected to see a notable rise in its share in the global adaptive optics market over the forecast period.
In terms of revenue, North America was the dominant regional market for adaptive optics in 2015, accounting for over 40% of the global market. The U.S. presently accounts for a lion’s share in the North America adaptive optics market and is projected to be the most attractive market for adaptive optics in the region in the next few years as well. Dominance of the U.S. is attributed to the extensive utilization of this technology in sectors such as astronomy, defense and security, ophthalmology and laser eye surgery. Moreover, the technology has vast usage in both, the U.S. airborne and ground-based missile defense systems, and is expected to gain further traction in the near future with the continuous rise in defense budgets of the country.
The adaptive optics market in Asia Pacific is anticipated to outpace the market in other key regional markets in terms of growth rate over the forecast period. A vast rise in research and development activities and technical improvements related to use of adaptive optic technology in a number of applications are likely to fuel the market for adaptive optics in Asia Pacific during the forecast period. Japan held the most significant share in 2015 in terms of revenue, owing to wide usage of this technology in optical imaging, biomedical imaging, and laser precision manufacturing in the country.
Some of the key companies operating in the global adaptive optics market are Northrop Grumman Corporation (U.S.), Olympus Corp. (Tokyo), Boston Micromachines Corporation (U.S.), Raytheon Co. (U.S.), Canon Inc. (Japan), IRIS AO, Inc. (U.S.), Benchmark Electronics, Inc. (U.S.), Carl Zeiss Meditec AG (Germany), Celestron LLC (U.S.), and Sacher Lasertechnik Gmbh (Germany).
Next Generation of Products in Adaptive Optics Market to Benefit Astronomers
Adaptive optics are a remarkable technological advancement in ground-based telescopes used by astronomers in viewing celestial objects. They are characterized by overcoming the optical distortions arising due to atmospheric factors and help in obtaining sharp images of images of celestial objects. Advancements made in sensors and computing technologies used with adaptive optics have led to the advent of high-performance telescopes for astronomers. Strides made in astronomy and rise in demand for high-end imaging technologies to view celestial events have shaped the evolution trajectories in the adaptive optics market. A key trend opening new avenues for manufacturer is the declining cost of wavefront sensors. Further, the continuing miniaturization of these sensors have boosted the development of better systems in the market. The adaptive optics market is witnessing favorable demand dynamics on the back of rising interest of astronomers in witnessing extrasolar planets and stars. Investments in observatory in Europe has also boosted the prospect of advanced telescopes equipped with adaptive optics. In this direction, numerous industry and academic collaborations have imparted a robust impetus to the market prospects of adaptive optics. In recent years, optics manufacturers have come out with innovative designs to meet the functional requirement of modern astronomy.
The COVID-19 pandemic has led to country-wide lockdowns and bans on gatherings world over in 2020. The restrictions had also affected the growth dynamics of the adaptive optics market. Manufacturing of new optics technology hit a rough patch in several key markets. On the other hand, the need for high-end optics technologies in biomedical and communication industry applications has paved way to new prospects in recent months especially. Thus, the demand for adaptive optics for research applications is expected to unlock new revenue prospects for manufacturers. In addition, in the near future, a number of advanced optics will find way to commercialization for biomedical research in developed nations, spurring the growth momentum in the market.
Chapter 1 Preface
1.1 Research Scope
1.2 Market Segmentation
1.3 Research Objectives
1.4 Key Questions Answered
Chapter 2 Assumptions and Research Methodology
2.1 Report Assumptions
2.2 Acronyms Used
2.3 Research Methodology
Chapter 3 Executive Summary
3.1 Global Adaptive Optics Market Snapshot
3.2 Market Opportunity Map
Chapter 4 Market Dynamics
4.1 Overview
4.2 Key Trend Analysis
4.3 Drivers and Restraints Snapshot Analysis
4.3.1 Drivers
4.3.2 Restraints
4.3.3 Opportunity Analysis
4.4 Company Market Share Analysis
4.5 Competitive Strategies Adopted by Major Players
4.6 Market Attractiveness Analysis
Chapter 5 Adaptive Optics Market Analysis, by Technology Type
5.1. Introduction
5.2 Global Adaptive Optics Market Value Share Analysis, by Technology Type
5.3 Global Adaptive Optics Market Revenue and Forecast, By Technology Type
5.4 Wavefront Modulator
5.5 Wavefront Sensor
5.6 Control System
Chapter 6 Adaptive Optics Market Analysis, by Application Type
6.1. Introduction
6.2 Global Adaptive Optics Market Value Share Analysis, by Application Type
6.3 Global Adaptive Optics Market Revenue and Forecast, By Application Type
6.4 Biomedical
6.5 Astronomy
6.6 Defense and Security
6.7 Manufacturing
6.8 Consumer Devices
6.9 Communication
Chapter 7 Adaptive Optics Market Analysis, by Region
7.1 North America
7.2 Europe
7.3 Asia Pacific
7.4 Middle East & Africa
7.5 Latin America
7.6 Geographical Scenario
7.7 Adaptive Optics Market Value Share Analysis, by Region
7.8 Adaptive Optics Market Revenue and Forecast, by Region
Chapter 8 North America Adaptive Optics Market Analysis
8.1 North America Adaptive Optics Market Value Share Analysis, by Technology Type
8.2 North America Adaptive Optics Market Revenue and Forecast, by Technology Type
8.3 North America Adaptive Optics Market Value Share Analysis, by Application Type
8.4 North America Adaptive Optics Market Revenue and Forecast, by Application Type
8.5 North America Adaptive Optics Market Value Share Analysis, by Country Type
8.6 North America Adaptive Optics Market Revenue and Forecast, by Country Type
8.7 U.S. Adaptive Optics Market Analysis
8.8 Rest of North America Adaptive Optics Market Analysis
Chapter 9 Europe Adaptive Optics Market Analysis
9.1 Europe Adaptive Optics Market Value Share Analysis, by Technology Type
9.2 Europe Adaptive Optics Market Revenue and Forecast, by Technology Type
9.3 Europe Adaptive Optics Market Value Share Analysis, by Application Type
9.4 Europe Adaptive Optics Market Revenue and Forecast, by Application Type
9.5 Europe Adaptive Optics Market Value Share Analysis, by Country Type
9.6 Europe Adaptive Optics Market Revenue and Forecast, by Country Type
9.7 U.K. Adaptive Optics Market Analysis
9.8 Germany Adaptive Optics Market Analysis
9.9 France Adaptive Optics Market Analysis
9.10 Italy Adaptive Optics Market Analysis
9.11 Rest of Europe Adaptive Optics Market Analysis
Chapter 10 Asia Pacific Adaptive Optics Market Analysis
10.1 Asia Pacific Adaptive Optics Market Value Share Analysis, by Technology Type
10.2 Asia Pacific Adaptive Optics Market Revenue and Forecast, by Technology Type
10.3 Asia Pacific Adaptive Optics Market Value Share Analysis, by Application Type
10.4 Asia Pacific Adaptive Optics Market Revenue and Forecast, by Application Type
10.5 Asia Pacific Adaptive Optics Market Value Share Analysis, by Country Type
10.6 Asia Pacific Adaptive Optics Market Revenue and Forecast, by Country Type
10.7 China Adaptive Optics Market Analysis
10.8 Japan Adaptive Optics Market Analysis
10.9 India Adaptive Optics Market Analysis
10.10 Rest of Asia Pacific Adaptive Optics Market Analysis
Chapter 11 Middle-East and Africa (MEA) Adaptive Optics Market Analysis
11.1 Middle-East and Africa (MEA) Adaptive Optics Market Value Share Analysis, by Technology Type
11.2 Middle-East and Africa (MEA) Adaptive Optics Market Revenue and Forecast, by Technology Type
11.3 Middle-East and Africa (MEA) Adaptive Optics Market Value Share Analysis, by Application Type
11.4 Middle-East and Africa (MEA) Adaptive Optics Market Revenue and Forecast, by Application Type
11.5 Middle-East and Africa (MEA) Adaptive Optics Market Value Share Analysis, by Country Type
11.6 Middle-East and Africa (MEA) Adaptive Optics Market Revenue and Forecast, by Country Type
11.7 U.A.E Adaptive Optics Market Analysis
11.8 South Africa Adaptive Optics Market Analysis
11.9 Rest of Middle-East and Africa (MEA) Adaptive Optics Market Analysis
Chapter 12 Latin America Adaptive Optics Market Analysis
12.1 Latin America Adaptive Optics Market Value Share Analysis, by Technology Type
12.2 Latin America Adaptive Optics Market Revenue and Forecast, by Technology Type
12.3 Latin America Adaptive Optics Market Value Share Analysis, by Application Type
12.4 Latin America Adaptive Optics Market Revenue and Forecast, by Application Type
12.5 Latin America Adaptive Optics Market Value Share Analysis, by Country Type
12.6 Latin America Adaptive Optics Market Revenue and Forecast, by Country Type
12.7 Brazil Adaptive Optics Market Analysis
12.8 Rest of Latin America Adaptive Optics Market Analysis
Chapter 13 Company Profiles
13.1 Sacher Lasertechnik Gmbh
13.1.1 Company Details (HQ, Foundation Year, Employee Strength)
13.1.2 Market Presence, By Segment and Geography
13.1.3 Strategy and SWOT Analysis
13.1.4 Revenue and Y-o-Y Growth
13.2 Celestron LLC
13.2.1 Company Details (HQ, Foundation Year, Employee Strength)
13.2.2 Market Presence, By Segment and Geography
13.2.3 Strategy and SWOT Analysis
13.2.4 Revenue and Y-o-Y Growth
13.3 Carl Zeiss Meditec AG
13.3.1 Company Details (HQ, Foundation Year, Employee Strength)
13.3.2 Market Presence, By Segment and Geography
13.3.3 Strategy and SWOT Analysis
13.3.4 Revenue and Y-o-Y Growth
13.4 Canon Inc.
13.4.1 Company Details (HQ, Foundation Year, Employee Strength)
13.4.2 Market Presence, By Segment and Geography
13.4.3 Strategy and SWOT Analysis
13.4.4 Revenue and Y-o-Y Growth
13.5 Raytheon Co
13.5.1 Company Details (HQ, Foundation Year, Employee Strength)
13.5.2 Market Presence, By Segment and Geography
13.5.3 Strategy and SWOT Analysis
13.5.4 Revenue and Y-o-Y Growth
13.6 Boston Micromachines Corporation
13.6.1 Company Details (HQ, Foundation Year, Employee Strength)
13.6.2 Market Presence, By Segment and Geography
13.6.3 Strategy and SWOT Analysis
13.6.4 Revenue and Y-o-Y Growth
13.7 Olympus Corp.
13.7.1 Company Details (HQ, Foundation Year, Employee Strength)
13.7.2 Market Presence, By Segment and Geography
13.7.3 Strategy and SWOT Analysis
13.7.4 Revenue and Y-o-Y Growth
13.8 IRIS AO, Inc.
13.8.1 Company Details (HQ, Foundation Year, Employee Strength)
13.8.2 Market Presence, By Segment and Geography
13.8.3 Strategy and SWOT Analysis
13.8.4 Revenue and Y-o-Y Growth
13.9 Northrop Grumman Corporation
13.9.1 Company Details (HQ, Foundation Year, Employee Strength)
13.9.2 Market Presence, By Segment and Geography
13.9.3 Strategy and SWOT Analysis
13.9.4 Revenue and Y-o-Y Growth
13.10 Benchmark Electronics, Inc.
13.10.1 Company Details (HQ, Foundation Year, Employee Strength)
13.10.2 Market Presence, By Segment and Geography
13.10.3 Strategy and SWOT Analysis
13.10.4 Revenue and Y-o-Y Growth
List of Tables
TABLE 1 Global Adaptive Optics Market Revenue (US$ Mn) and Forecast, By Technology Type, 2015–2024
TABLE 2 Global Adaptive Optics Market Revenue (US$ Mn) and Forecast, By Application Type, 2015–2024
TABLE 3 Global Adaptive Optics Market Revenue (US$ Mn) and Forecast, by Region, 2015–2024
TABLE 4 North America Adaptive Optics Market Revenue (US$ Mn) and Forecast, By Technology Type, 2015–2024
TABLE 5 North America Adaptive Optics Market Revenue (US$ Mn) and Forecast, By Application Type, 2015–2024
TABLE 6 North America Adaptive Optics Market Revenue (US$ Mn) and Forecast, By Country, 2015–2024
TABLE 7 Europe Adaptive Optics Market Revenue (US$ Mn) and Forecast, By Technology Type, 2015–2024
TABLE 8 Europe Adaptive Optics Market Revenue (US$ Mn) and Forecast, By Application Type, 2015–2024
TABLE 9 Europe Adaptive Optics Market Revenue (US$ Mn) and Forecast, By Country, 2015–2024
TABLE 10 Asia Pacific Adaptive Optics Market Revenue (US$ Mn) and Forecast, By Technology Type, 2015–2024
TABLE 11 Asia Pacific Adaptive Optics Market Revenue (US$ Mn) and Forecast, By Application Type, 2015–2024
TABLE 12 Asia Pacific Adaptive Optics Market Revenue (US$ Mn) and Forecast, By Country, 2015–2024
TABLE 13 Middle East and Africa Adaptive Optics Market Revenue (US$ Mn) and Forecast, By Technology Type, 2015–2024
TABLE 14 Middle East and Africa Adaptive Optics Market Revenue (US$ Mn) and Forecast, By Application Type, 2015–2024
TABLE 15 Middle East and Africa Adaptive Optics Market Revenue (US$ Mn) and Forecast, By Country, 2015–2024
TABLE 16 Latin America Adaptive Optics Market Revenue (US$ Mn) and Forecast, By Technology Type, 2015–2024
TABLE 17 Latin America Adaptive Optics Market Revenue (US$ Mn) and Forecast, By Application Type, 2015–2024
TABLE 18 Latin America Adaptive Optics Market Revenue (US$ Mn) and Forecast, By Country, 2015–2024
List of Figures
FIG. 1 Report Scope and Market Segmentation
FIG. 3 Research Methodology
FIG. 4 Market Snapshot
FIG. 5 Key Trends
FIG. 6 Revenue Share (2015)
FIG. 7 Drivers and Restraints Snapshot Analysis
FIG. 8 Opportunity Analysis
FIG. 9 Global Adaptive Optics Market Share Analysis By Company (2015)
FIG. 10 Market Attractiveness Analysis, by Technology, 2015
FIG. 11 Global Adaptive Optics Market Value Share Analysis By Technology Type, 2015 and 2024
FIG. 12 Global Wavefront Modulator Market Revenue (US$ Mn), 2015 – 2024
FIG. 13 Global Control Syatem Market Revenue (US$ Mn), 2015 – 2024
FIG. 14 Global Wavefront Modulator Market Revenue (US$ Mn), 2015 – 2024
FIG. 15 Global Adaptive Optics Market Value Share Analysis By Application Type, 2015 and 2024
FIG. 16 Global Biomedical Market Revenue (US$ Mn), 2015 – 2024
FIG. 17 Global Astronomy Market Revenue (US$ Mn), 2015 – 2024
FIG. 18 Global Defense and Security Market Revenue (US$ Mn), 2015 – 2024
FIG. 19 Global Manufacturing Market Revenue (US$ Mn), 2015 – 2024
FIG. 20 Global Consumer Device Market Revenue (US$ Mn), 2015 – 2024
FIG. 21 Global Communication Market Revenue (US$ Mn), 2015 – 2024
FIG. 22 Geographical Scenario
FIG. 23 Global Adaptive Optics Market Value Share Analysis By Region Type, 2015 and 2024
FIG. 24 North America Adaptive Optics Market Value Share Analysis By Technology Type, 2015 and 2024
FIG. 25 North America Adaptive Optics Market Value Share Analysis By Application Type, 2015 and 2024
FIG. 26 North America Market Value Share Analysis By Country, 2015 and 2024
FIG. 27. U.S. Adaptive Optics Market Revenue (US$ Mn), 2015 – 2024
FIG. 28 Rest of North America Adaptive Optics Market Revenue (US$ Mn), 2015 – 2024
FIG. 29 Europe Adaptive Optics Market Value Share Analysis By Technology Type, 2015 and 2024
FIG. 30 Europe Adaptive Optics Market Value Share Analysis By Application Type, 2015 and 2024
FIG. 31 Europe Adaptive Optics Market Value Share Analysis By Country, 2015 and 2024
FIG. 32 U.K. Adaptive Optics Market Revenue (US$ Mn), 2015 – 2024
FIG. 33 Germany Adaptive Optics Market Revenue (US$ Mn), 2015 – 2024
FIG. 34 France Adaptive Optics Market Revenue (US$ Mn), 2015 – 2024
FIG. 35 Italy Adaptive Optics Market Revenue (US$ Mn), 2015 – 2024
FIG. 36 Rest of Europe Adaptive Optics Market Revenue (US$ Mn), 2015 – 2024
FIG. 37 Asia Pacific Adaptive Optics Market Value Share Analysis By Technology Type, 2015 and 2024
FIG. 38 Asia Pacific Adaptive Optics Market Value Share Analysis By Application Type, 2015 and 2024
FIG. 39 Asia Pacific Adaptive Optics Market Value Share Analysis By Country, 2015 and 2024
FIG. 40 China Adaptive Optics Market Revenue (US$ Mn), 2015 – 2024
FIG. 41 Japan Adaptive Optics Market Revenue (US$ Mn), 2015 – 2024
FIG. 42 India Adaptive Optics Market Revenue (US$ Mn), 2015 – 2024
FIG 43 Rest of Asia Pacific Adaptive Optics Market Revenue (US$ Mn), 2015 – 2024
FIG. 44 Middle East and Africa Adaptive Optics Market Value Share Analysis By Technology Type, 2015 and 2024
FIG. 45 Middle East and Africa Adaptive Optics Market Value Share Analysis By Application Type, 2015 and 2024
FIG. 46 Middle East and Africa Adaptive Optics Market Value Share Analysis By Country, 2015 and 2024
FIG. 47 U.A.E Adaptive Optics Market Revenue (US$ Mn), 2015 – 2024
FIG. 48 South Africa Adaptive Optics Market Revenue (US$ Mn), 2015 – 2024
FIG. 49 Rest of Middle-East and Africa (MEA) Adaptive Optics Market Revenue (US$ Mn), 2015 – 2024
FIG. 50 Latin America Adaptive Optics Market Value Share Analysis By Technology Type, 2015 and 2024
FIG. 51 Latin America Adaptive Optics Market Value Share Analysis By Application Type, 2015 and 2024
FIG. 52 Latin America Adaptive Optics Market Value Share Analysis By Country, 2015 and 2024
FIG. 53 Brazil Adaptive Optics Market Revenue (US$ Mn), 2015 – 2024
FIG. 54 Rest of Latin America Adaptive Optics Market Revenue (US$ Mn), 2015 – 2024
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