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Europe Precision Optics Market - Analysis and Forecast, 2022-2031

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    Report

  • 90 Pages
  • November 2023
  • Region: Europe
  • BIS Research
  • ID: 5909474
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The Europe precision optics market (excluding U.K.) is projected to reach $ 10.59 billion by 2031 from $ 4.36 billion in 2022, growing at a CAGR of 10.36% during the forecast period 2022-2031. The surge in demand for precision optical components in consumer electronics and biomedical devices stands out as a key catalyst propelling the precision optics market in Europe. This heightened demand specifically encompasses precision optical elements like lenses, mirrors, windows, and filters.

Market Introduction

The European market for precision optics is expanding rapidly, driven mainly by the growing need for these components in important industries including medicinal devices and consumer electronics. For precision optical components like lenses, mirrors, windows, and filters, this increase in demand is especially noteworthy. The market for precision optics is poised for substantial growth as European companies place a greater emphasis on cutting-edge optical technologies to improve product performance. The region is a dynamic and attractive market in the European landscape, with a strong commitment to research and technological breakthroughs that highlight the growing importance of precision optics in numerous applications.

Market Segmentation:

Segmentation 1: by End User

  • Consumer Electronics
  • Aerospace and Defense
  • Semiconductor
  • Automotive
  • Biomedical
  • Manufacturing
  • Others

Segmentation 2: by Component

  • Transmissive
  • Filters
  • Prisms
  • Lenses
  • Windows
  • Polarizers
  • Beamsplitters
  • Others
  • Reflective
  • Mirrors
  • Retroreflectors
  • Others

Segmentation 3: by Country

  • Germany
  • France
  • Italy
  • Spain
  • Rest-of-Europe (RoE)

How can this report add value to an organization?

Product/Innovation Strategy: The product segment helps the reader understand the different components involved in the Europe precision optics market. The component segment has been segmented into transmissive (filters, prisms, lenses, windows, polarizers, beamsplitters, and others) and reflective (mirrors, retroreflectors, and others). Moreover, the study provides the reader with a detailed understanding of the precision optics market based on end users, including consumer electronics, aerospace and defense, semiconductor, automotive, biomedical, industrial, and others. The increasing adoption of precision optics in advanced manufacturing technology is fuelling the growth of the market.

Growth/Marketing Strategy: The Europe precision optics market has seen major development by key players operating in the market, such as business expansions, partnerships, collaborations, mergers and acquisitions, and joint ventures. The favoured strategy for the companies has been business acquisition to strengthen their position in the Europe precision optics market.

Competitive Strategy: Key players in the Europe precision optics market analyzed and profiled in the study involve precision optics manufacturers and the overall ecosystem. Moreover, a detailed competitive benchmarking of the players operating in the precision optics market has been done to help the reader understand how players stack against each other, presenting a clear market landscape. Additionally, comprehensive competitive strategies such as partnerships, agreements, acquisitions, and collaborations will aid the reader in understanding the untapped revenue pockets in the market.

Key Market Players and Competition Synopsis

The companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.

Some of the prominent names established in this market are:

  • ZEISS International
  • Solaris Optics
  • WayRay AG
  • Zuend Group


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Table of Contents

1 Markets
1.1 Industry Outlook
1.1.1 Trends: Current and Future
1.1.1.1 Increasing Investments in Microelectronics and Semiconductor Industry
1.1.1.2 Growing Adoption of Self Driving Vehicles
1.1.2 Supply Chain Analysis
1.1.3 Ecosystem of Precision Optics Market
1.1.3.1 Consortiums and Associations
1.1.3.2 Regulatory/Certification Bodies
1.1.3.3 Government Programs
1.1.3.4 Programs by Research Institutions and Universities
1.1.4 Impact of COVID-19 on the Precision Optics Market
1.1.5 Impact of Semiconductor War on the Precision Optics Market
1.1.5.1 Dependence on China and the U.S. in Taiwan
1.1.5.2 U.S. Initiatives to Control Exports
1.1.5.3 Critical Challenges Associated with the Policy
1.2 Business Dynamics
1.2.1 Business Drivers
1.2.1.1 Growing Demand in Life and Health Sciences Instruments
1.2.1.2 Increasing Adoption of Precision Optics in Advanced Manufacturing
1.2.1.3 Rising Uses of Precision Optics due to High Demand for Consumer Electronics
1.2.2 Business Challenges
1.2.2.1 Complex Design and Manufacturing Process of Precision Optics
1.2.2.2 Lack of Skilled Workforce
1.2.3 Business Strategies
1.2.3.1 Product Developments
1.2.3.2 Market Developments
1.2.4 Corporate Strategies
1.2.4.1 Mergers and Acquisitions
1.2.4.2 Partnerships and Joint Ventures
1.2.5 Business Opportunities
1.2.5.1 Growing investments in Defence and Security Industry
1.2.5.2 Increasing Global Interest in the Space Industry
1.3 Start-Up Landscape
1.3.1 Key Start-Ups in the Ecosystem
2 Region
2.1 Europe
2.1.1 Markets
2.1.1.1 Key Manufacturers/Suppliers in Europe
2.1.1.2 Business Drivers
2.1.1.3 Business Challenges
2.1.2 Applications
2.1.2.1 Europe Precision Optics Market (by End User), Volume and Value Data
2.1.3 Products
2.1.3.1 Europe Precision Optics Market (by Component), Volume and Value Data
2.1.4 Europe (by Country)
2.1.4.1 Germany
2.1.4.1.1 Market
2.1.4.1.1.1 Buyer Attributes
2.1.4.1.1.2 Key Producers and Suppliers in Germany
2.1.4.1.1.3 Business Drivers
2.1.4.1.1.4 Business Challenges
2.1.4.1.2 Applications
2.1.4.1.2.1 Germany Precision Optics Market (by End User), Volume and Value Data
2.1.4.1.3 Products
2.1.4.1.3.1 Germany Precision Optics Market (by Component), Volume and Value Data
2.1.4.2 France
2.1.4.2.1 Market
2.1.4.2.1.1 Buyer Attributes
2.1.4.2.1.2 Key Producers and Suppliers in France
2.1.4.2.1.3 Business Drivers
2.1.4.2.1.4 Business Challenges
2.1.4.2.2 Applications
2.1.4.2.2.1 France Precision Optics Market (by End User), Volume and Value Data
2.1.4.2.3 Products
2.1.4.2.3.1 France Precision Optics Market (by Component), Volume and Value Data
2.1.4.3 Italy
2.1.4.3.1 Market
2.1.4.3.1.1 Buyer Attributes
2.1.4.3.1.2 Key Producers and Suppliers in Italy
2.1.4.3.1.3 Business Drivers
2.1.4.3.1.4 Business Challenges
2.1.4.3.2 Applications
2.1.4.3.2.1 Italy Precision Optics Market (by End User), Volume and Value Data
2.1.4.3.3 Products
2.1.4.3.3.1 Italy Precision Optics Market (by Component), Volume and Value Data
2.1.4.4 Spain
2.1.4.4.1 Markets
2.1.4.4.1.1 Buyer Attributes
2.1.4.4.1.2 Key Producers and Suppliers in Spain
2.1.4.4.1.3 Business Drivers
2.1.4.4.1.4 Business Challenges
2.1.4.4.2 Applications
2.1.4.4.2.1 Spain Precision Optics Market (by End User), Volume and Value Data
2.1.4.4.3 Products
2.1.4.4.3.1 Spain Precision Optics Market (by Component), Volume and Value Data
2.1.4.5 Rest-of-Europe (RoE)
2.1.4.5.1 Market
2.1.4.5.1.1 Buyer Attributes
2.1.4.5.1.2 Key Producers and Suppliers in Rest-of-Europe
2.1.4.5.1.3 Business Drivers
2.1.4.5.1.4 Business Challenges
2.1.4.5.2 Applications
2.1.4.5.2.1 Rest-of-Europe Precision Optics Market (by End User), Volume and Value Data
2.1.4.5.3 Products
2.1.4.5.3.1 Rest-of-Europe Precision Optics Market (by Component), Volume and Value Data
2.2 U.K.
2.2.1 Markets
2.2.1.1 Buyer Attributes
2.2.1.2 Key Producers and Suppliers in the U.K.
2.2.1.3 Business Drivers
2.2.1.4 Business Challenges
2.2.2 Applications
2.2.2.1 U.K. Precision Optics Market (by End User), Volume and Value Data
2.2.3 Products
2.2.3.1 U.K. Precision Optics Market (by Component), Volume and Value Data
3 Markets - Competitive Benchmarking & Company Profiles
3.1 Competitive Benchmarking
3.1.1 Competitive Position Matrix
3.1.2 Product Matrix for Key Companies
3.1.3 Market Share Analysis of Key Companies, 2021
3.2 Company Profiles
3.2.1 ZEISS International
3.2.1.1 Company Overview
3.2.1.2 Role of ZEISS International in the Precision Optics Market
3.2.1.2.1 Product Portfolio
3.2.1.2.2 Production/Operation Sites
3.2.1.2.3 R&D Analysis
3.2.1.3 Analyst View
3.2.2 Solaris Optics
3.2.2.1 Company Overview
3.2.2.2 Role of Solaris Optics in the Precision Optics market
3.2.2.2.1 Product Portfolio
3.2.2.3 Analyst View
3.2.3 WayRay AG
3.2.3.1 Company Overview
3.2.3.2 Role of WayRay AG in the Precision Optics Market
3.2.3.2.1 Product Portfolio
3.2.3.2.2 Business Strategies
3.2.3.2.2.1 Partnerships, Collaborations, Agreements, Investments, and Contracts
3.2.3.3 Analyst View
3.2.4 Zuend Group
3.2.4.1 Company Overview
3.2.4.2 Role of Zuend Group in the Precision Optics Market
3.2.4.2.1 Product Portfolio
3.2.4.3 Analyst View
4 Research Methodology
4.1 Primary Data Sources
4.2 Data Sources
4.3 Assumptions and Limitations
List of Figures
Figure 1: Europe Precision Optics Market, $Million, 2021, 2022, and 2031
Figure 2: Europe Precision Optics Market (by End User), $Million, 2021 and 2031
Figure 3: Europe Precision Optics Market (by Component), $Million, 2021 and 2031
Figure 4: Precision Optics Market (by Region), $Million, 2021 and 2031
Figure 5: Supply Chain Analysis of the Precision Optics Market
Figure 6: Aircraft Deliveries (by Region, Number of Aircraft), 2018-2022
Figure 7: Global Billing of Semiconductor Industry, $Billion, January 2018-October 2022)
Figure 8: ZEISS International: R&D Expenditure
Figure 9: Research Methodology
Figure 10: Top-Down and Bottom-Up Approach
Figure 11: Precision Optics Market: Influencing Factors
Figure 12: Assumptions and Limitations
List of Tables
Table 1: Consortiums and Associations
Table 2: Regulatory/Certification Bodies
Table 3: List of Government Programs for Precision Optics
Table 4: List of Programs by Research Institutions and Universities
Table 5: Key Product Developments
Table 6: Key Market Developments (2018-2021)
Table 7: Key Mergers and Acquisitions
Table 8: Key Partnerships and Joint Ventures
Table 9: Precision Optics Market (by Region), Million Units, 2021-2031
Table 10: Precision Optics Market (by Region), $Million, 2021-2031
Table 11: Europe Precision Optics Market (by End User), Million Units, 2021-2031
Table 12: Europe Precision Optics Market (by End User), $Million, 2021-2031
Table 13: Europe Precision Optics Market (by Component), Million Units, 2021-2031
Table 14: Europe Precision Optics Market (by Component), $Million, 2021-2031
Table 15: Germany Precision Optics Market (by End User), Million Units, 2021-2031
Table 16: Germany Precision Optics Market (by End User), $Million, 2021-2031
Table 17: Germany Precision Optics Market (by Component), Million Units, 2021-2031
Table 18: Germany Precision Optics Market (by Component), $Million, 2021-2031
Table 19: France Precision Optics Market (by End User), Million Units, 2021-2031
Table 20: France Precision Optics Market (by End User), $Million, 2021-2031
Table 21: France Precision Optics Market (by Component), Million Units, 2021-2031
Table 22: France Precision Optics Market (by Component), $Million, 2021-2031
Table 23: Italy Precision Optics Market (by End User), Million Units, 2021-2031
Table 24: Italy Precision Optics Market (by End User), $Million, 2021-2031
Table 25: Italy Precision Optics Market (by Component), Million Units, 2021-2031
Table 26: Italy Precision Optics Market (by Component), $Million, 2021-2031
Table 27: Spain Precision Optics Market (by End User), Million Units, 2021-2031
Table 28: Spain Precision Optics Market (by End User), $Million, 2021-2031
Table 29: Spain Precision Optics Market (by Component), Million Units, 2021-2031
Table 30: Spain Precision Optics Market (by Component), $Million, 2021-2031
Table 31: Rest-of-Europe Precision Optics Market (by End User), Million Units, 2021-2031
Table 32: Rest-of-Europe Precision Optics Market (by End User), $Million, 2021-2031
Table 33: Rest-of-Europe Precision Optics Market (by Component), Million Units, 2021-2031
Table 34: Rest-of-Europe Precision Optics Market (by Component), $Million, 2021-2031
Table 35: U.K. Precision Optics Market (by End User), Million Units, 2021-2031
Table 36: U.K. Precision Optics Market (by End User), $Million, 2021-2031
Table 37: U.K. Precision Optics Market (by Component), Million Units, 2021-2031
Table 38: U.K. Precision Optics Market (by Component), $Million, 2021-2031
Table 39: Product Matrix for Key Companies
Table 40: Market Shares of Key Companies, 2021

Executive Summary

The Europe precision optics market (excluding U.K.) is estimated to reach $ 10.59 billion by 2031, reveals the premium market intelligence study. The study also highlights that the market is set to witness a CAGR of 10.36% during the forecast period 2022-2031.

The Europe Precision Optics Market: Drivers and Challenges

The increasing sales of smart household appliances in Europe are expected to create rising demand for precision optical components in the coming years and contribute to the growth of the precision optics market.

The unpredictable change in the precision optical component prices is creating difficulty for the companies in the region to plan their expenditure and income, which may hinder the growth of the precision optics market in the short run.

USPs of report

Market segregation based on component and end user

  • Supply chain Analysis
  • Analysis of business drivers and challenges of the Europe Precision Optics Market
  • Detailed analysis of Precision Optics Market for Italy, Germany, France and Spain
  • A detailed company profile comprising established players

Analyst’s Perspective on Europe Precision Optics Market

The Principal Analyst states, 'Ordinary optics differ from precision optics in terms of manufacturing accuracy (external dimensions, flatness, sphericity, cylindricity, i.e., geometric parameters, and also by the presence of special coatings). The precision optics market is highly fragmented owing to the presence of many small and medium-scale enterprises in the market. The manufacturing base is concentrated in regions such as North America, Europe, China, and Asia-Pacific'.

Some of the prominent names established in this market are:

  • ZEISS International
  • Solaris Optics
  • WayRay AG
  • Zuend Group

Key Questions Answered in the Report

  • What are the major trends along with key drivers, challenges, and opportunities for players in the Europe precision optics market?
  • What are the steps taken by the existing players to improve/maintain their market positioning, and what are some of the key strategies adopted by new players entering this market space?
  • Which are the leading components and end users in the market, and how are they going to perform in the coming years?

Companies Mentioned

  • ZEISS International
  • Solaris Optics
  • WayRay AG
  • Zuend Group

Table Information

Report AttributeDetails
No. of Pages90
PublishedNovember 2023
Forecast Period2022 - 2031
Estimated Market Value ( USD ) in 2022 $ 4.36 Billion
Forecasted Market Value ( USD ) by 2031 $ 10.59 Billion
Compound Annual Growth Rate10.3%
Regions CoveredEurope
No. of Companies Mentioned4

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About the Market

The Precision Optics market within the Military Aerospace and Defense sector is a highly specialized field that involves the production of optical components and systems for use in military and aerospace applications. These components and systems are used in a variety of applications, including navigation, surveillance, targeting, and communications. Precision optics are used to provide high-resolution images and data for military and aerospace operations. The Precision Optics market is driven by the need for advanced optical components and systems for military and aerospace applications. The demand for these components and systems is expected to remain strong in the coming years due to the increasing use of unmanned aerial vehicles, advanced surveillance systems, and other advanced technologies. Companies in the Precision Optics market include Raytheon Technologies, Lockheed Martin, Northrop Grumman, BAE Systems, and Thales Group. Show Less Read more

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