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Optical Instrument and Lens Global Market Report 2024

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    Report

  • 175 Pages
  • February 2024
  • Region: Global
  • The Business Research Company
  • ID: 5733944
The optical instrument and lens market size has grown strongly in recent years. It will grow from $48.59 billion in 2023 to $51.67 billion in 2024 at a compound annual growth rate (CAGR) of 6.3%. The expansion observed in the historical period can be linked to the surge in e-commerce, growing expenditures in healthcare, the boom in consumer electronics, globalization, trade liberalization, and research and development in material science.

The optical instrument and lens market size is expected to see strong growth in the next few years. It will grow to $64.39 billion in 2028 at a compound annual growth rate (CAGR) of 5.7%. The anticipated growth in the forecast period can be ascribed to innovations in healthcare and medical imaging, increased significance of autonomous vehicles, environmental sensing and monitoring, a growing demand for augmented reality (AR) and virtual reality (VR), and economic growth in emerging markets. Notable trends expected in the forecast period encompass technological advancements, the emergence of new technologies, rapid progress in optical technology, integration of artificial intelligence (AI), and the expanding applications in medical imaging.

The growth of the optical instrument and lens market is significantly influenced by the global demand for these products in the medical sector. The utilization of medical optics, particularly in applications such as endoscopy, has proven to be a crucial technology advancing the field of medicine. A national survey of sedation for gastrointestinal endoscopy in 2758 Chinese hospitals revealed a high number of gastrointestinal endoscopy surgeries (GIES) in China. This number is expected to reach 51 million by 2030 due to the growth in the aging population. Gastrointestinal endoscopy, employing optical fibers and a camera to generate internal images for improved diagnosis, has become increasingly prevalent. The use of medical optics to minimize incisions on the body has also contributed to the expansion of the optical instruments and lenses market.

The growth of the optical imaging market is expected to be propelled by the rising aging population. Optical instruments and lenses provide significant flexibility with high resolution and multispectral capabilities, aiding in the diagnosis and treatment of atherosclerosis and related diseases in the elderly. The non-ionizing radiation used in optical imaging techniques, mitigating the adverse effects of radiation, has led to increased adoption in hospitals for treating older individuals. According to the World Health Organization (WHO), the proportion of the world's population over 60 years is estimated to double from 12% to 22% between 2015 and 2050. By 2050, 80% of older people will be living in low- and middle-income countries, further supporting the growth of the optical imaging market.

A significant challenge faced by the optical instrument and lens industry is the higher cost associated with instruments such as telescopes and microscopes. The elevated prices of optical instruments such as telescopes, binoculars, and microscopes contribute to increased end-product costs. For instance, refractor telescopes can range from $200 to $1,500 or more, and the cost to build a giant telescope in Hawaii was estimated to have increased to $2.4 billion in 2020. These high costs limit the widespread adoption of optical instruments, particularly in research labs and institutes with budget constraints.

The optical instrument and lens market are currently witnessing a key trend where companies are actively launching new products to enhance their product portfolios and solidify their market positions. Notably, companies are focusing on innovation to bring cutting-edge products to the market. In November 2022, Oxford Instruments Andor, a UK-based company specializing in scientific imaging solutions, introduced Dragonfly 600, a new addition to its confocal microscopy portfolio. Dragonfly 600 features a novel total internal reflection fluorescence (TIRF) modality, a high-power laser engine, and a unique design for the 3D super-resolution module, ensuring parfocality across all imaging modes.

Major players in the optical instruments and lens market are engaging in strategic partnerships to enhance the imaging experience of camera lenses. A strategic partnership involves a formalized relationship between two commercial entities through business contracts. For instance, in February 2023, Xiaomi, a China-based consumer electronics company, collaborated with Leica Camera AG, a Germany-based manufacturer of cameras and sports optics. This partnership aims to jointly develop innovative solutions in the smartphone camera module segment, aiming to optimize the imaging experience for consumers. The goal is to push the boundaries of smartphone photography, leveraging Leica's imaging capabilities to usher in a new era of mobile photography.

In June 2021, Orion Telescopes and Binoculars Inc., a US-based retailer specializing in telescopes, binoculars, and accessories, acquired Meade for an undisclosed amount. Through this strategic acquisition, Orion Telescopes and Binoculars Inc. gained access to the Meade brand of products, enhancing their ability to serve authorized retailers and suppliers. Meade Instruments Inc., a US-based manufacturing company, is known for providing telescopes and accessories for astronomers, specializing in solar telescopes, microscopes, optics, binoculars, cameras, and various accessories.

Major companies operating in the optical instrument and lens market report are Johnson & Johnson Services Inc., Abbott Laboratories, 3M Company, Danaher Corporation, Canon Inc., EssilorLuxottica SA, Fujifilm Corporation, Asia Optical Co. Inc., Novartis AG, Becton Dickinson and Company, Luxottica Group SpA, ZEISS International, Carl Zeiss AG, Alcon Inc., Bausch Health Companies Inc., Hoya Corp., Sunny Optical Technology Company Limited, Seiko Holdings Corporation, Nikon Corp., CooperVision Inc., Coherent Corp., Topcon Corporation, Accelink Technologies Co. Ltd., Menicon Co. Ltd., Shamir Optical Industry Ltd., Tamron Co. Ltd., Rodenstock GmbH, Largan Precision Company Limited, Optel Vision India Private Limited, Anandjyot Engineering Private Limited. Asia-Pacific was the largest region in the optical instrument and lens market in 2023. Western Europe was the second-largest region in the global optical instrument and lens market. The regions covered in the optical instrument and lens market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The primary products within the category of optical instruments and lenses include binoculars, microscopes (excluding electron and proton microscopes), telescopes, and other related items. Binoculars, a type of optical instrument, are handheld devices that offer a magnified and stereoscopic view of distant objects. The product categories extend to optical instruments and interchangeable camera lenses. Various applications for these instruments span medical, astronomy, commercial, defense, and other diverse fields.

The optical instrument and lens market research report is one of a series of new reports that provides optical instrument and lens market statistics, including optical instrument and lens industry global market size, regional shares, competitors with optical instrument and lens market share, detailed optical instrument and lens market segments, market trends and opportunities, and any further data you may need to thrive in the optical instrument and lens industry. This optical instrument and lens market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The countries covered in the optical instrument and lens market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The optical instruments and lens market consists of sales of roof prism, porro prism, and monoculars. 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.

Table of Contents

1. Executive Summary2. Optical Instrument and Lens Market Characteristics3. Optical Instrument and Lens Market Trends and Strategies
4. Optical Instrument and Lens Market - Macro Economic Scenario
4.1. Impact of High Inflation on the Market
4.2. Ukraine-Russia War Impact on the Market
4.3. COVID-19 Impact on the Market
5. Global Optical Instrument and Lens Market Size and Growth
5.1. Global Optical Instrument and Lens Market Drivers and Restraints
5.1.1. Drivers of the Market
5.1.2. Restraints of the Market
5.2. Global Optical Instrument and Lens Historic Market Size and Growth, 2018-2023, Value ($ Billion)
5.3. Global Optical Instrument and Lens Forecast Market Size and Growth, 2023-2028, 2033F, Value ($ Billion)
6. Optical Instrument and Lens Market Segmentation
6.1. Global Optical Instrument and Lens Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Binoculars
  • Microscopes (Except Electron, Proton)
  • Telescopes
  • Other Products
6.2. Global Optical Instrument and Lens Market, Segmentation by Category, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Optical Instruments
  • Interchangeable Camera Lenses
6.3. Global Optical Instrument and Lens Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Medical
  • Astronomy
  • Commercial
  • Defense
  • Other Applications
7. Optical Instrument and Lens Market Regional and Country Analysis
7.1. Global Optical Instrument and Lens Market, Split by Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Optical Instrument and Lens Market, Split by Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8. Asia-Pacific Optical Instrument and Lens Market
8.1. Asia-Pacific Optical Instrument and Lens Market Overview
Region Information, Impact of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Optical Instrument and Lens Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Optical Instrument and Lens Market, Segmentation by Category, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Optical Instrument and Lens Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
9. China Optical Instrument and Lens Market
9.1. China Optical Instrument and Lens Market Overview
9.2. China Optical Instrument and Lens Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Optical Instrument and Lens Market, Segmentation by Category, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Optical Instrument and Lens Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
10. India Optical Instrument and Lens Market
10.1. India Optical Instrument and Lens Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Optical Instrument and Lens Market, Segmentation by Category, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Optical Instrument and Lens Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11. Japan Optical Instrument and Lens Market
11.1. Japan Optical Instrument and Lens Market Overview
11.2. Japan Optical Instrument and Lens Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Optical Instrument and Lens Market, Segmentation by Category, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Optical Instrument and Lens Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12. Australia Optical Instrument and Lens Market
12.1. Australia Optical Instrument and Lens Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Optical Instrument and Lens Market, Segmentation by Category, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Optical Instrument and Lens Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13. Indonesia Optical Instrument and Lens Market
13.1. Indonesia Optical Instrument and Lens Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Optical Instrument and Lens Market, Segmentation by Category, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Optical Instrument and Lens Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14. South Korea Optical Instrument and Lens Market
14.1. South Korea Optical Instrument and Lens Market Overview
14.2. South Korea Optical Instrument and Lens Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Optical Instrument and Lens Market, Segmentation by Category, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Optical Instrument and Lens Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15. Western Europe Optical Instrument and Lens Market
15.1. Western Europe Optical Instrument and Lens Market Overview
15.2. Western Europe Optical Instrument and Lens Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Optical Instrument and Lens Market, Segmentation by Category, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Optical Instrument and Lens Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16. UK Optical Instrument and Lens Market
16.1. UK Optical Instrument and Lens Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Optical Instrument and Lens Market, Segmentation by Category, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Optical Instrument and Lens Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17. Germany Optical Instrument and Lens Market
17.1. Germany Optical Instrument and Lens Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Optical Instrument and Lens Market, Segmentation by Category, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Optical Instrument and Lens Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18. France Optical Instrument and Lens Market
18.1. France Optical Instrument and Lens Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Optical Instrument and Lens Market, Segmentation by Category, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Optical Instrument and Lens Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19. Italy Optical Instrument and Lens Market
19.1. Italy Optical Instrument and Lens Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Optical Instrument and Lens Market, Segmentation by Category, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Optical Instrument and Lens Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20. Spain Optical Instrument and Lens Market
20.1. Spain Optical Instrument and Lens Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Optical Instrument and Lens Market, Segmentation by Category, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Optical Instrument and Lens Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21. Eastern Europe Optical Instrument and Lens Market
21.1. Eastern Europe Optical Instrument and Lens Market Overview
21.2. Eastern Europe Optical Instrument and Lens Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Optical Instrument and Lens Market, Segmentation by Category, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Optical Instrument and Lens Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22. Russia Optical Instrument and Lens Market
22.1. Russia Optical Instrument and Lens Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Optical Instrument and Lens Market, Segmentation by Category, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Optical Instrument and Lens Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23. North America Optical Instrument and Lens Market
23.1. North America Optical Instrument and Lens Market Overview
23.2. North America Optical Instrument and Lens Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Optical Instrument and Lens Market, Segmentation by Category, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Optical Instrument and Lens Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24. USA Optical Instrument and Lens Market
24.1. USA Optical Instrument and Lens Market Overview
24.2. USA Optical Instrument and Lens Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Optical Instrument and Lens Market, Segmentation by Category, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Optical Instrument and Lens Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25. Canada Optical Instrument and Lens Market
25.1. Canada Optical Instrument and Lens Market Overview
25.2. Canada Optical Instrument and Lens Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Optical Instrument and Lens Market, Segmentation by Category, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Optical Instrument and Lens Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26. South America Optical Instrument and Lens Market
26.1. South America Optical Instrument and Lens Market Overview
26.2. South America Optical Instrument and Lens Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Optical Instrument and Lens Market, Segmentation by Category, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Optical Instrument and Lens Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27. Brazil Optical Instrument and Lens Market
27.1. Brazil Optical Instrument and Lens Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Optical Instrument and Lens Market, Segmentation by Category, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Optical Instrument and Lens Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28. Middle East Optical Instrument and Lens Market
28.1. Middle East Optical Instrument and Lens Market Overview
28.2. Middle East Optical Instrument and Lens Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Optical Instrument and Lens Market, Segmentation by Category, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Optical Instrument and Lens Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29. Africa Optical Instrument and Lens Market
29.1. Africa Optical Instrument and Lens Market Overview
29.2. Africa Optical Instrument and Lens Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Optical Instrument and Lens Market, Segmentation by Category, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Optical Instrument and Lens Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
30. Optical Instrument and Lens Market Competitive Landscape and Company Profiles
30.1. Optical Instrument and Lens Market Competitive Landscape
30.2. Optical Instrument and Lens Market Company Profiles
30.2.1. Johnson & Johnson Services Inc.
30.2.1.1. Overview
30.2.1.2. Products and Services
30.2.1.3. Strategy
30.2.1.4. Financial Performance
30.2.2. Abbott Laboratories
30.2.2.1. Overview
30.2.2.2. Products and Services
30.2.2.3. Strategy
30.2.2.4. Financial Performance
30.2.3. 3M Company
30.2.3.1. Overview
30.2.3.2. Products and Services
30.2.3.3. Strategy
30.2.3.4. Financial Performance
30.2.4. Danaher Corporation
30.2.4.1. Overview
30.2.4.2. Products and Services
30.2.4.3. Strategy
30.2.4.4. Financial Performance
30.2.5. Canon Inc.
30.2.5.1. Overview
30.2.5.2. Products and Services
30.2.5.3. Strategy
30.2.5.4. Financial Performance
31. Optical Instrument and Lens Market Other Major and Innovative Companies
31.1. EssilorLuxottica SA
31.2. Fujifilm Corporation
31.3. Asia Optical Co. Inc.
31.4. Novartis AG
31.5. Becton Dickinson and Company
31.6. Luxottica Group SpA
31.7. ZEISS International
31.8. Carl Zeiss AG
31.9. Alcon Inc.
31.10. Bausch Health Companies Inc.
31.11. Hoya Corp.
31.12. Sunny Optical Technology Company Limited
31.13. Seiko Holdings Corporation
31.14. Nikon Corp.
31.15. CooperVision Inc.
32. Global Optical Instrument and Lens Market Competitive Benchmarking33. Global Optical Instrument and Lens Market Competitive Dashboard34. Key Mergers and Acquisitions in the Optical Instrument and Lens Market
35. Optical Instrument and Lens Market Future Outlook and Potential Analysis
35.1 Optical Instrument and Lens Market in 2028 - Countries Offering Most New Opportunities
35.2 Optical Instrument and Lens Market in 2028 - Segments Offering Most New Opportunities
35.3 Optical Instrument and Lens Market in 2028 - Growth Strategies
35.3.1 Market Trend-based Strategies
35.3.2 Competitor Strategies
36. Appendix
36.1. Abbreviations
36.2. Currencies
36.3. Historic and Forecast Inflation Rates
36.4. Research Inquiries
36.5. About the Analyst
36.6. Copyright and Disclaimer

Executive Summary

Optical Instrument and Lens Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on optical instrument and lens 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.

Reasons to Purchase

  • Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
  • Understand how the market has been affected by the coronavirus and how it is responding as the impact of the virus abates.
  • Assess the Russia-Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
  • Measure the impact of high global inflation on market growth.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market shares.
  • Benchmark performance against key competitors.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis.
  • Report will be updated with the latest data and delivered to you with an Excel data sheet for easy data extraction and analysis.
  • All data from the report will also be delivered in an excel dashboard format.
Description
Where is the largest and fastest growing market for optical instrument and lens? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This report 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 market characteristics section of the report defines and explains the market.
  • The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
  • The forecasts are made after considering the major factors currently impacting the market. These include:
  • 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.
  • Market segmentations break down the market into sub markets.
  • The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
  • The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
  • The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Report Scope

Markets Covered:
1) By Product: Binoculars; Microscopes (Except Electron, Proton); Telescopes; Other Products
2) By Category: Optical Instruments, Interchangeable Camera Lenses
3) By Application: Medical; Astronomy; Commercial; Defense; Other Applications

Key Companies Mentioned: Johnson & Johnson Services Inc.; Abbott Laboratories; 3M Company; Danaher Corporation; Canon Inc.

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time Series: Five years historic and ten years forecast

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita

Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes

Delivery Format: PDF, Word and Excel Data Dashboard

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Johnson & Johnson Services Inc.
  • Abbott Laboratories
  • 3M Company
  • Danaher Corporation
  • Canon Inc.
  • EssilorLuxottica SA
  • Fujifilm Corporation
  • Asia Optical Co. Inc.
  • Novartis AG
  • Becton Dickinson and Company
  • Luxottica Group SpA
  • ZEISS International
  • Carl Zeiss AG
  • Alcon Inc.
  • Bausch Health Companies Inc.
  • Hoya Corp.
  • Sunny Optical Technology Company Limited
  • Seiko Holdings Corporation
  • Nikon Corp.
  • CooperVision Inc.
  • Coherent Corp.
  • Topcon Corporation
  • Accelink Technologies Co. Ltd.
  • Menicon Co. Ltd.
  • Shamir Optical Industry Ltd.
  • Tamron Co. Ltd.
  • Rodenstock GmbH
  • Largan Precision Company Limited
  • Optel Vision India Private Limited
  • Anandjyot Engineering Private Limited

Methodology

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Table Information