The report incorporates the study of the global adaptive optics market that focuses on the technique that removes the atmospheric disturbance and allows a telescope to achieve diffraction-limited imaging from the ground. Optical instruments experience errors while measuring and imaging because of distortions found in light waves. Adaptive optics assists with invalidating these mistakes, in this way, enlightening the performance of the optical instruments. The technology works by measuring the distortions in the wavefront and compensating with a device that corrects those errors, such as a deformable mirror or a liquid crystal array. Currently, adaptive optics is quickly picking up demand as a possibility for enhancing the performance of optical systems. For instance, in January 2020, National Science Foundation (NSF), the newest Inouye Solar 4-meter Telescope, produced the first image that uses adaptive optics to compensate for the blurring created by Earth’s atmosphere.
The factors such as adoption in the field of astronomy, growing prevalence of retinal degeneration diseases, and rise in demand for high-resolution microscopy in various biomedical research operations supplement the growth of the adaptive optics market. However, high initial cost of adaptive systems and complex design & optimization of space optical solutions are the factors expected to hamper the growth of the adaptive optics market. In addition, increasing demand for photonics enabled products to enhance system efficiency to aid growth and rising R&D investments in advanced optics technology creates market opportunities for the key players operating in the adaptive optics market.
For the purpose of analysis, the global adaptive optics market is segmented on the basis of component, industry vertical, application, and region. By component, the market is divided into wavefront sensor, wavefront modulator, and control system. By industry vertical, it is fragmented into astronomy, biomedical, military & defense, industrial & manufacturing, and others (free-space optical communication, sensing, and others). By application, it is categorized into ophthalmology, microscopy, laser application, and others. By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The leading players operating in the adaptive optics market are Active Optical Systems LLC, Adaptica, Aka Optics SAS, ALPAO, Baker Adaptive Optics, Benchmark Electronics, Inc., Boston Micromachines Corporation, Edmund Optics Inc., Electro Optic Systems Pty Ltd., Flexible Optical B.V., Imagine Optic, Iris AO, Inc., Northrop Grumman Corporation, Phasics, Synopsys, Inc., Teledyne e2v, and Thorlabs, Inc.
The factors such as adoption in the field of astronomy, growing prevalence of retinal degeneration diseases, and rise in demand for high-resolution microscopy in various biomedical research operations supplement the growth of the adaptive optics market. However, high initial cost of adaptive systems and complex design & optimization of space optical solutions are the factors expected to hamper the growth of the adaptive optics market. In addition, increasing demand for photonics enabled products to enhance system efficiency to aid growth and rising R&D investments in advanced optics technology creates market opportunities for the key players operating in the adaptive optics market.
For the purpose of analysis, the global adaptive optics market is segmented on the basis of component, industry vertical, application, and region. By component, the market is divided into wavefront sensor, wavefront modulator, and control system. By industry vertical, it is fragmented into astronomy, biomedical, military & defense, industrial & manufacturing, and others (free-space optical communication, sensing, and others). By application, it is categorized into ophthalmology, microscopy, laser application, and others. By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The leading players operating in the adaptive optics market are Active Optical Systems LLC, Adaptica, Aka Optics SAS, ALPAO, Baker Adaptive Optics, Benchmark Electronics, Inc., Boston Micromachines Corporation, Edmund Optics Inc., Electro Optic Systems Pty Ltd., Flexible Optical B.V., Imagine Optic, Iris AO, Inc., Northrop Grumman Corporation, Phasics, Synopsys, Inc., Teledyne e2v, and Thorlabs, Inc.
KEY BENEFITS FOR STAKEHOLDERS
- This study presents analytical depiction of the global adaptive optics market analysis along with current trends and future estimations to depict imminent investment pockets.
- The overall adaptive optics market opportunity is determined by understanding profitable trends to gain a stronger foothold.
- The report presents information related to the key drivers, restraints, and opportunities of the global adaptive optics market with a detailed impact analysis.
- The current adaptive optics market is quantitatively analyzed from 2021 to 2031 to benchmark the financial competency.
- Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry.
Key Market Segments
By Component
- Wavefront Sensor
- Wavefront Modulator
- Control System
By Industry Vertical
- Astronomy
- Biomedical
- Military Defense
- Industrial Manufacturing
- Others
By Application
- Ophthalmology
- Laser Application
- Others
- Microscopy
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Russia
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players
- Active optical systems
- Adaptica
- Aka optics SAS
- ALPAO
- Baker Adaptive Optics
- Benchmark Electronics Inc.
- Boston Micromachines Corporation
- Edmund Optics Inc.
- Electro Optic Systems Pty Ltd
- Flexible Optical B.V.
- Imagine Optic
- Iris AO, Inc.
- Northrop Grumman Corporation
- Phasics
- Synopsys, Inc.
- Teledyne e2v
- Thorlabs, Inc.
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: ADAPTIVE OPTICS MARKET, BY COMPONENT
CHAPTER 5: ADAPTIVE OPTICS MARKET, BY INDUSTRY VERTICAL
CHAPTER 6: ADAPTIVE OPTICS MARKET, BY APPLICATION
CHAPTER 7: ADAPTIVE OPTICS MARKET, BY REGION
CHAPTER 8: COMPANY LANDSCAPE
CHAPTER 9: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to the report, titled, “Adaptive Optics Market," the adaptive optics market was valued at $494.50 million in 2021, and is estimated to reach $4.9 billion by 2031, growing at a CAGR of 25.6% from 2022 to 2031.The concept of adaptive optics is typically attributed to the optical systems that adapt to rectify optical effects that is caused by the medium between the object and its image. Adaptive optics leads to significantly sharper images by means of compensating for these optical effects. The requirements for an adaptive optics system include deformable mirrors, precision optics, special sensors, and high-speed computers. The high-speed computers are used to combine and control the entire system. Currently, the adaptive optics alongside Optical Coherence Tomography (OCT) is slowly penetrating the market because of its viability in giving enhanced and high-speed imaging. Advanced deformable mirrors are being created to exactly control the incident wavefront by reshaping a reflecting membrane with the assistance of precise magnetic actuators. For instance, in March 2022, Edmund Optics Inc. partnered with UltraFast Innovations GmbH, a cutting-edge manufacturer of complex laser optics components, to offer UFI's Extreme Ultraviolet (EUV) Attosecond Multilayer Mirrors, which allow extremely high precision in terms of wavelength/energy, spectral phase, and high efficiency for quickly repairing broken systems.
In addition, the adaptive optics market has witnessed significant growth in recent years, owing to an increase in demand for high-resolution microscopy in various biomedical research operations and growing usage of adaptive optics for clinical application and research. Furthermore, the companies operating in the adaptive optics market have adopted partnerships, investments, and product developments to increase their market share and expand their geographical presence. For instance, in March 2022, Benchmark Electronics, Inc. announced investment in new optical integration, photonics packaging, and photonics test capabilities at its RF and Photonics Center of Innovation in Phoenix. This allowed Benchmark to improve its offerings in providing advanced optical capabilities for applications such as high-speed digital communications, high performance computing, sensors, and laser systems.
The factors such as adoption in the field of astronomy, growth in prevalence of retinal degeneration diseases, and rise in demand for high-resolution microscopy in various biomedical research operations supplement the growth of the adaptive optics market. However, high initial cost of adaptive systems and complex design & optimization of space optical solutions are the factors expected to hamper the growth of the adaptive optics market. In addition, increase in demand for photonics enabled products to enhance system efficiency to aid growth and rise in R&D investments in advanced optics technology create market opportunities for the key players operating in the adaptive optics market.
COVID-19 Impact Analysis
- The COVID-19 crisis is creating uncertainty in the market. Since the beginning of 2020, more countries have shut down their borders and limited transportation & travel to contain the coronavirus (COVID-19) outbreak, thereby creating impediments to international trade and transportation. Governments of different regions have announced total lockdown and temporarily shutdown of industries, adversely affecting the overall production and sales. Also, the COVID-19 outbreak severely impacted the adaptive optics market on a global level. In addition, the COVID-19 epidemic significantly adversely affected the worldwide adaptive optics market due to limitations on all industrial operations and global commerce activity.
- Several businesses are active in designing and developing sophisticated optics systems for a variety of end-use industries, including those in the commercial, industrial, defense, medical, aviation, automotive, space, and other sectors. The medical (healthcare) sector witnessed a rise in demand for cutting-edge optical medical tools in 2020-2021 to give patients the finest treatments possible. However, because of the interruption in supply chain analyses, COVID-19 had a modest influence on the market. 75% of all OEMs are small and medium-sized businesses, according to the Society of Photo-Optical Instrumentation Engineers (SPIE) organization's report 2020. The temporary halt caused by the COVID-19 outbreak has significantly impacted the income production of these small businesses. Due to this aspect, there was little investment made in R&D efforts.
Key Findings of the Study
- By component, the wavefront modulator segment dominated the global adaptive optics market in terms of growth rate.
- By industry vertical, the others segment dominated the global adaptive optics market in terms of growth rate.
- By application, the others segment dominated the global adaptive optics market in terms of growth rate.
- The leading players operating in the adaptive optics market are Active Optical Systems LLC, Adaptica, Aka Optics SAS, ALPAO, Baker Adaptive Optics, Benchmark Electronics, Inc., Boston Micromachines Corporation, Edmund Optics Inc., Electro Optic Systems Pty Ltd., Flexible Optical B.V., Imagine Optic, Iris AO, Inc., Northrop Grumman Corporation, Phasics, Synopsys, Inc., Teledyne e2v, and Thorlabs, Inc.
Companies Mentioned
- Active Optical Systems
- Adaptica
- Aka Optics Sas
- Alpao
- Baker Adaptive Optics
- Benchmark Electronics Inc.
- Boston Micromachines Corporation
- Edmund Optics Inc.
- Electro Optic Systems Pty Ltd
- Flexible Optical B.V.
- Imagine Optic
- Iris Ao, Inc.
- Northrop Grumman Corporation
- Phasics
- Synopsys, Inc.
- Teledyne E2V
- Thorlabs, Inc.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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