NEWARK, Del, Aug. 09, 2023 (GLOBE NEWSWIRE) -- According to Future Market Insights (FMI), the value of the global Adaptive Optics Market is projected to reach US$1.6 billion by 2023 and US$14.5 billion by 2033. During the period from 2023 to 2033, the sales revenue of Adaptive Optics is expected to increase at a CAGR of 24.9%.
The worldwide Adaptive Optics Market is anticipated to witness a positive growth trajectory during the projection period. It is likely to create an absolute growth of US$ 13.0 Billion through 2033.
The wavefront sensor segment is projected to generate significant revenues in the target market during the assessment period. This is due to their growing usage in diverse Adaptive Optics applications.
As per the latest analysis, demand for wavefront sensors is likely to rise at 24.8% CAGR through 2033, in comparison to 38.7% CAGR registered during the historical period from 2018 to 2022.
Expanding Horizons: The Surging Global Market Fueled by Adaptive Optics Advancements
The rising adoption of Adaptive Optics technology across several sectors including astronomy, military & defense, communication, and biomedical is driving the global market forward.
Adaptive Optics is a technique/technology used for compensating atmospheric distortions by precisely deforming a mirror. It is being used in a wide range of applications. For instance, it finds application in laser communication systems and astronomical telescopes for removing the effects of atmospheric distortion.
Similarly, it is used in optical fabrication, microscopy, and retinal imaging systems to lower optical aberrations. These widening applications are expected to boost the target segment during the projection period.
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Revolutionizing Optical Precision: Adaptive Optics' Vital Role in Advancing Science and Medicine
Adaptive Optics systems play a pivotal role in enhancing the capabilities of optical systems by mitigating atmospheric disturbances, thereby vastly elevating the performance of devices like lasers, telescopes, and various other intricate systems. This technology's significance is underscored by the escalating prevalence of retinal diseases and substantial investments in research and development, aimed at propelling Adaptive Optics to new heights.
In the realm of biomedical imaging and ophthalmology, Adaptive Optics emerges as a game-changer, spearheading an era of transformation. Through its prowess, researchers and scientists are empowered to unravel intricate details of retinal structure, function, and the underlying causes of retinal pathologies, ushering in unprecedented clarity in their pursuits.
Key Takeaways from the Adaptive Optics Market Report:
- The global Adaptive Optics industry is forecast to attain a valuation of US$ 14.4 Billion by 2033.
- Based on components, the wavefront sensor segment is expected to thrive at 24.8% CAGR during the forecast period.
- By end-use industry, the military & defense sector is projected to expand at a CAGR of 24.7% through 2033.
- The United States Adaptive Optics Market value is expected to reach US$ 4.3 Billion by 2033.
- Adaptive Optics demand in China is forecast to increase at 26.0% CAGR during the assessment period.
- The Adaptive Optics industry in Japan is anticipated to exceed a valuation of US$ 1.1 Billion by 2033.
- South Korea Market is projected to expand at 25.4% CAGR through 2033.
- The United Kingdom Market is likely to progress at 23.9% CAGR during the assessment period.
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Top Companies in Access Control and Authentication Market:
- Teledyne e2v
- Northrop Grumman Corporation
- Thorlabs Inc.
- Iris AO, Inc.
- Adaptica S.R.L.
- Active Optical Systems LLC
- OKO Technologies
- Imagine Optic Sa
- Boston Micromachines Corporation
- Physics CORP
These key players are heavily investing in research & development, launching new products, and adopting merger & acquisition strategies to boost their revenues and expand their global footprint. for instance,
- In 2023, Thorlabs Inc. acquired JML Optical Industries, LLC, a prominent manufacturer and custom designer of precision optics.
More Insights Available:
Future Market Insights (FMI), in its new offering, presents an unbiased analysis of the Adaptive Optics industry presenting historical data (2018 to 2022) and forecast statistics for the period from 2023 to 2033.
The study reveals Market projections based on components (wavefront sensor, wavefront modulator, control system, others), end-use industry (consumer, astronomy, bio-medical, military & defense, industrial manufacturing, communication & Others), and region (North America, Latin America, Europe, Asia Pacific, and Middle East and Africa).
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Adaptive Optics Market Segmentation:
By Component:
- Wavefront Sensor
- Wavefront Modulator
- Control System
- Others
By End-user Industry:
- Consumer
- Head-Mounted Display
- Camera Lenses
- Other Consumer Devices
- Astronomy
- Bio-Medical
- Ophthamology
- Biomedical Microscopy
- Cell Analysis
- Other Applications
- Military & Defense
- Laser Defense System
- Biometric Security
- Surveillance
- Other Applications
- Industrial Manufacturing
- Precision Manufacturing
- Machine Vision
- 3D Printing
- Other Applications
- Communication & Others
- Free-Space Optical Communications
- Sensing
- Other Applications
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa
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