Global Aspheric Lenses Market To Grow At A CAGR Of 6.5% By 2030

The global aspheric lenses market size was worth around USD 8.5 billion in 2022 and is predicted to grow to around USD 14 billion by 2030 with a compound annual growth rate (CAGR) of roughly 6.5% between 2023 and 2030.

Aspheric lenses are a type of optical lens that deviates from the traditional spherical shape and instead features a non-uniform surface profile. Unlike spherical lenses, which have a constant curvature across their entire surface, aspheric lenses have varying curvatures that allow for improved optical performance and correction of aberrations. The design of aspheric lenses involves carefully shaping the lens surface to minimize aberrations such as spherical aberration, coma, astigmatism, and distortion. By utilizing non-spherical surfaces, these lenses can achieve better image quality, sharper focus, and reduced optical aberrations compared to spherical lenses. Aspheric lenses offer other benefits, including compactness and reduced weight compared to systems that use multiple spherical lenses. Their non-uniform surface allows for the design of thinner and lighter optical systems, making them ideal for applications where space and weight constraints are crucial, such as consumer electronics, automotive lighting, and virtual reality devices. Manufacturing aspheric lenses requires precise techniques such as diamond turning, molding, or computer numerical control (CNC) machining to achieve the desired surface profile. Advanced manufacturing processes and technologies have made it possible to produce aspheric lenses with high accuracy and consistency.

This review is based on a report by Zion Market Research, titled "Aspheric Lenses Market By Type (Glass, Plastic, And Others), By Offering (Single Aspheric Lens And Double Aspheric Lens), By Manufacturing Technology (Molding, Polishing & Grinding, And Others), By Application (Consumer Electronics, Digital Cameras, Automotive, Ophthalmic, Fiber Optics & Photonics, And Others) And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030"- Report at https://www.zionmarketresearch.com/report/aspheric-lenses-market

The global aspheric lenses market is driven by the demand for high-quality optics, technological advancements, and growing applications in consumer electronics, healthcare & medical sectors, automotive, and aerospace industries. However, challenges such as complex manufacturing processes, cost considerations, and regulatory compliance can impact the market. Overall, the market is expected to continue growing as industries increasingly recognize the benefits of aspheric lenses in improving optical performance.

The global aspheric lenses industry is segmented based on type, offering, manufacturing technology, application, and region.

Based on the type, the global market is bifurcated into glass, plastic, and others. The plastic segment is expected to grow at the fastest rate over the forecast period. Plastic aspherical lenses reduce spherical aberration, a common issue with traditional spherical lenses. This enhances the quality and clarity of the image, particularly in the corners. Additionally, compared to traditional spherical lenses, plastic aspherical lenses are usually lighter and more portable, which may make them easier to handle and transport. Thereby, driving the segment growth over the forecast period.

Based on the offering, the global aspheric lenses industry is divided into single aspheric lens and double aspheric lens.

Based on manufacturing technology, the global market is divided into molding, polishing & grinding, and others.

Based on the application, the global aspheric lenses industry is segmented into consumer electronics, digital cameras, automotive, ophthalmic, fiber optics & photonics, and others.

The Asia Pacific is expected to dominate the global aspheric lenses market during the forecast period. The Asia Pacific region is witnessing a rising demand for aspheric lenses across various industries. This demand is driven by factors such as increasing disposable income, expanding middle-class population, and growing awareness about advanced optical technologies. Industries such as consumer electronics, automotive, healthcare, and photography are major contributors to the demand for aspheric lenses in the region. However, the North American region is expected to experience significant growth over the forecast period owing to the growing aging population coupled with the growing eye-related disease.

Recent Development:

• In April 2022, PENTAX Optical Lenses were first made available in the US by HOYA Vision Care. The variety of PENTAX optical lenses includes single vision, progressive lenses, digital lenses, etc. Because the PENTAX line has been made available in the US, HOYA now faces competition in the retail sector.
• In April 2022, the CN-E20-50mm T2.4 L F/FP wide-angle zoom lens and the CN-E45-135mm T2.4 L F/FP telephoto zoom lens were both introduced by Canon. The focal length ranges for the wide-angle and telephoto zoom lenses are 20–50mm and 45–135mm, respectively. The new lenses can reduce color smearing and chromatic aberrations.

Aspheric Lenses Market: Competitive Analysis

The global aspheric lenses market is dominated by players like:

• Panasonic Holdings Corporation
• Carl Zeiss AG
• Nikon Corporation
• Hoya Corporation
• Thorlabs Inc.
• AGC Inc.
• Canon Inc.
• Tokai Optical Co. Ltd.
• Calin Technology Co. Ltd.
• Largan Precision Co. Ltd
• Edmund Optics India Private Limited
• shanghai-optics.com
• GlobalSpec
• SCHOTT
• as­pheri­con GmbH
• Hyperion Optics
• Others.

The global aspheric lenses market is segmented as follows:

By Type

• Glass
• Plastic
• Others

By Offering

• Single Aspheric Lense
• Double Aspheric Lense

By Manufacturing Technology

• Molding
• Polishing & Grinding
• Others

By Application

• Consumer Electronics
• Digital Cameras
• Automotive
• Ophthalmic
• Fiber Optics & Photonics
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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