Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 2.64 Billion | USD 30.19 Billion | 31.1% | 2023 |
According to a report from Zion Market Research, the global Adaptive Optics (AO) Market was valued at USD 2.64 Billion in 2023 and is projected to hit USD 30.19 Billion by 2032, with a compound annual growth rate (CAGR) of 31.1% during the forecast period 2024-2032.
This report explores market strengths, weakness, opportunities, and threats. It also provides valuable insights into the market's growth drivers, challenges, and the future prospects that may emerge in the Adaptive Optics (AO) Market industry over the next decade.
The report offers assessment and analysis of the Adaptive Optics (AO) Market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, revenue estimates, opportunities, evolving trends, and industry-validated data. The report provides historical data from 2018 to 2022 along with a forecast from 2024 to 2032 based on revenue (USD Million).
Adaptive optics is a method that helps in removing atmospheric disturbance along with assisting telescope in achieving diffraction-restricted imaging from land surface. Moreover, it is utilized in enhancing optical system performance through minimization of incoming wave front distortion effect by mirror deformation for distortion compensation. Apart from this, adaptive optics functions through measuring of distortions in a wave front and compensates them with equipment correcting these errors including liquid crystal array and deformable mirror. Additionally, adaptive optics is considered as a best alternative for enhancing optical system performance.
The rise in the occurrence of retinal degenerating disorders has culminated in the humungous use of adaptive optics, thereby driving market trends. Reportedly, in 2014, nearly 171 million persons were affected by age-related macular degeneration and retinitis pigmentosa. In addition to this, a number of people impacted due to related macular degeneration is set to increase to nearly 289 million by 2040. Apparently, an adaptive optics fundus camera assists in the observation of disruptions in the cone mosaic of retinitis pigmentosa patients. Furthermore, the rise in the use of adaptive optics in clinics & research activities will boost the adaptive optics (AO) market surge.
In addition to this, adaptive optics is also used with optical coherence tomography for enhancing high-speed imaging activities. Apart from this, technological breakthroughs in adaptive optics instruments are projected to open new vistas of growth for adaptive optics (AO) market. However, high costs of adaptive optics tools is likely to reduce its acceptance in emerging economies, thereby putting brakes on expansion of adaptive optics (AO) industry.
Expansion of adaptive optics (AO) market in North America over forecast timeframe can be credited to large-scale use of new technologies in the biomedical industry in Canada and the U.S. In addition to this, rise in research activities pertaining to adaptive optics in myriad research units and institutes will prop up a regional market size in ensuing years. Presence of reputed players in sub-continent can generate lucrative prospects for adaptive optics (AO) market growth in North America.
Report Attributes | Report Details |
---|---|
Report Name | Adaptive Optics (AO) Market |
Market Size in 2023 | USD 2.64 Billion |
Market Forecast in 2032 | USD 30.19 Billion |
Growth Rate | CAGR of 31.1% |
Number of Pages | 188 |
Key Companies Covered | Aplegen, Inc., Iris AO, Inc., Adaptica SRL, EOS Technologies, HOLOEYE Photonics AG, Northrop Grumman Corporation, Adaptive Eyecare Ltd, Benchmark Electronics, Optical Solutions Group, Boston Micromachines Corporation, Phasics Corporation, Synopsys Schott North America Inc., Baker Adaptive Optics, and Sacher Lasertechnik Group |
Segments Covered | By Type, By End-Use Industry, By Component and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Key participants influencing market growth and included in report are -
The global Adaptive Optics (AO) Market is segmented as follows:
Communication
FrequentlyAsked Questions
Rise in occurrence of retinal degenerating disorders has culminated into humungous use of adaptive optics, thereby driving market trends. Reportedly, in 2014, nearly 171 million persons were affected from age-related macular degeneration and retinitis pigmentosa. In addition to this, number of people impacted due to related macular degeneration is set to increase to nearly 289 million by 2040. Apparently, an adaptive optics fundus camera assists in observation of disruptions in cone mosaic of retinitis pigmentosa patient. Furthermore, rise in use of adaptive optics in clinics & research activities will boost adaptive optics (AO) market surge.
In addition to this, adaptive optics is also used with optical coherence tomography for enhancing high-speed imaging activities. Apart from this, technological breakthroughs in adaptive optics instruments are projected to open new vistas of growth for adaptive optics (AO) market.
Adaptive Optics (AO) Market size worth at USD 2.64 Billion in 2023 and projected to USD 30.19 Billion by 2032, with a CAGR of around 31.1% between 2024-2032.
North America will contribute lucratively towards the global market earnings over the projected timeline. The regional market surge is subject to large-scale use of new technologies in biomedical industry in Canada and the U.S. In addition to this, rise in research activities pertaining to adaptive optics in myriad research units and institutes will prop up regional market size in ensuing years. Presence of reputed players in sub-continent can generate lucrative prospects for adaptive optics (AO) market growth in North America.
The key market participants include Aplegen, Inc., Iris AO, Inc., Adaptica SRL, EOS Technologies, HOLOEYE Photonics AG, Northrop Grumman Corporation, Adaptive Eyecare Ltd, Benchmark Electronics, Optical Solutions Group, Boston Micromachines Corporation, Phasics Corporation, Synopsys Schott North America Inc., Baker Adaptive Optics, and Sacher Lasertechnik Group.
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