[174+ Pages Report] According to Facts and Factors analysis, the global adaptive optics market was USD 643.78 million in 2020, with sales expected to reach USD 3,253.6 million by the end of 2026, representing a 32.1 percent CAGR from 2021 to 2026.
Global Adaptive Optics Market: Overview
Adaptive optics is a technology that integrates beam propagation, microscopy, and communications into optical systems. These technologies are used to improve an optical system’s efficiency by eliminating wavefront distortion effects. It’s used in laser communication, biological research, and retinal imaging among other things. Wave front sensor, control system, and wave front modulator are the three primary components of the system.
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Global Adaptive Optics Market: Growth Factors
The market is predicted to grow as a massive investment is done in R&D to integrate adaptive optics into a wide range of applications. In addition, the growing need for high-resolution microscopy in various biological research activities propels the worldwide adaptive optics market growth. During the projected period, however, the market’s growth would be hampered by high startup costs and difficult design procedures. Furthermore, the development of lighter materials for adaptive optics is projected to provide important businesses with a plethora of options.
Adaptive Optics (AO) is rapidly gaining popularity owing to improved optical system performance. Due to aberrations in light waves, optical devices have some errors while measuring and imaging. Adaptive optics aids in the elimination of such imperfections. The market is predicted to develop in response to the rising prevalence of retinal degenerative illnesses. The most common retinal degenerative disorders worldwide are age-related retinitis pigmentosa and macular degeneration. According to Nano Retina, roughly 170.0 million people globally have AMD in 2014, and 1.5 million had RP. By the end of 2020, the number of persons with AMD is expected to reach 196.0 million, and by 2040, it will reach 288.0 million. The disturbances in the conical mosaic of a patient with RP are seen by using an adaptive optics fundus camera.
Global Adaptive Optics Market: Competitive Players
Some main participants of the global adaptive optics market are Active Optical Systems, LLC, Adaptica S.R.L, AKA Optics SAS, Alpao, Aplegen, Baker Adaptive Optics, Benchmark Electronics, Inc., Boston Micromachines Corporation, Cilas, Dynamic Optics srl, EOS Technologies, Flexible Optical B.V., Hamamatsu Photonics K.K, Holoeye Photonics, Imagine Optic SA, Iris AO, Inc., LT Ultra, Northrop Grumman Corporation, Phasics Corporation, Synopsys Optical Solutions Group, Teledyne e2v Ltd., Thorlabs Inc., and Trex Enterprises Corporation among others.
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Global Adaptive Optics Market: Segmentation
The global adaptive optics market is segregated based on component, type, and end-user. In terms of components, the market has been bifurcated wavefront sensor, wavefront modulator, control system, and deformable mirror. Based on type, the industry has been bifurcated into next-generation adaptive optics (NGAO), ground layer adaptive optics (GLAO), multi-conjugate adaptive optics (MCAO), and multi-object adaptive optics (MOAO). Wavefront sensor segment is dominating the adaptive optics market by accounting for more than 42% of the market share in 2020. The end-users of the market are biomedical, defense and security, astronomy, consumer devices, industrial & manufacturing, communication, and others.
Global Adaptive Optics Market: Regional Analysis
North America represented the greatest proportion of the worldwide adaptive optics market due to technological improvements and innovations that have resulted in the development of new goods. Adaptive optics has grown in popularity in the Americas due to increased demand from medicinal and astronomical applications. Moreover, the increased usefulness of using adaptive optics in free-space laser communications and adaptive optics for long-range situational awareness in military applications is contributing to the expansion of the US market. Adaptive optics applications in the realm of healthcare are still being researched extensively throughout universities and research institutions in the North American region. The University of Rochester’s Institute of Optics began by researching the possibility for adaptive optics to be used in ophthalmology to correct most of the eye’s aberrations and picture the eye of human at high resolution, and the trend has caught on, with a number of colleges investing in research of adaptive optics. China is likely to be the most promising country for the adaptive optics market in the Asia Pacific. It is due to increased research and development efforts in the region, as well as the rise of ophthalmology and retinal imaging. Due to the government’s increased defense spending, the Africa area is likewise expected to experience tremendous growth.
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The global Adaptive Optics Market is segmented as follows:
- Wavefront Sensor
- Wavefront Modulator
- Control System
- Deformable Mirror
- Next Generation Adaptive Optics (NGAO)
- Ground Layer Adaptive Optics (GLAO)
- Multi-Conjugate Adaptive Optics (MCAO)
- Multi Object Adaptive Optics (MOAO)
By End User:
- Defense and Security
- Consumer Devices
- Industrial & Manufacturing
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