Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 8.5 Billion | USD 14 Billion | 6.5% | 2022 |
FrequentlyAsked Questions
Aspheric lenses are a type of optical lens that deviate from the conventional spherical shape. In contrast to spherical lenses, which have a constant curvature across their entire surface, aspheric lenses have a varying curvature. This curvature changes gradually from the center to the periphery of the lens, resulting in a more complex surface profile.
The aspheric lenses market is experiencing robust growth driven by factors such as improved optical performance, demand from consumer electronics and healthcare sectors, advancements in lens manufacturing, automotive and aerospace applications, and increasing research and development activities.
According to the report, 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.
The global aspheric lenses market is expected to grow at a CAGR of 6.5% during the forecast period.
The global aspheric lenses market growth is expected to be driven by the Asia Pacific. It is currently the world’s highest revenue-generating market owing to the growing demand from the automotive industry and the increasing aging population which is more prone to vision impairment.
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, as¬pheri-con GmbH, and Hyperion Optics among others.
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