Summary:

A New Study Title “Adaptive Optics Market Size, Status And Forecast 2027” Has Been Featured On Market Research Future.

The global adaptive optics market size is projected to reach USD 1,089.6 million by 2023, according to the latest report by Market Research Future (MRFR). It can expand at 31.3% CAGR from 2018 to 2023. MRFR’s report on the adaptive optics market comprises growth drivers, challenges, and trends on the industry for the forecast period (2020-2027). The COVID-19 pandemic and its implications are explored in depth in the market.

Market Scope

The global adaptive optics market is driven by adoption of adaptive optics in ophthalmology and retinal imaging. This is evident with rising numbers of customers choosing corrective eyewear. Advanced optics can play a big role in eliminating inaccuracies of measurement of light waves due to distortions. Emergence of high-resolution phenotyping coupled with molecular genetic analyses can be opportune to the market.

Development of deformable mirrors to curb costs and size of adaptive optics – optical coherence tomography (AO-OCT) devices can augment market growth. It can control the incident wavefront with the assistance of magnetic actuators. Collaborative efforts of ophthalmologists, entrepreneurs, and vision scientists for expediting research and development in advanced optics can bolster market demand significantly. 

But high costs of adaptive optics solutions may hamper market growth.

COVID-19 Impact

The COVID-19 pandemic has impeded market growth as nations turn their focus to the healthcare sector to curb rising numbers of cases. But the huge demand in the healthcare sector for lasers and launch of new products through collaborations can drive market growth.

 

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Segmentation

LGAO to Dominate Market Demand

The laser guide star adaptive optics (LGAO) segment is expected to drive market demand over the forecast period owing to opportunities in aerospace and military & defense verticals. Development of defense weapons and sophisticated guidance systems can drive segment growth effectively.

Healthcare Vertical to Command Major Market Share

The healthcare vertical is expected to command a large market share owing to its application in biological microscopy. Use of adaptive optics for improving the resolution, contrast ratio, signal strength, and power of images of cellular structures can spur research of molecular organisms. In addition, the use of AO for effectively treating retinal diseases in a non-invasive manner can bode well for the market. It can correct aberrations and improve limitations of diffracted images.

Regional Analysis

North America to Lead in Global Adaptive Optics Market

North America can lead in the global adaptive optics market owing to use of advanced technologies in the biomedical sector. Increase in research centering around optics can support market growth in the region. Recently, the Medical College of Wisconsin is researching the benefits of adaptive optics under the Advanced Ocular Imaging Program (AOIP) and its efficacy in treatment of retinal disease. 

Competitive Analysis 

Aplegen Inc. (US), Benchmark Electronics Inc. (US), Sacher Lasertechnik Gmbh (Germany), Adaptive Optics Associates Inc. (US), Holoeye Photonics AG (Germany), Synopsys Optical Solution Group (US), Northrop Grumman Corporation (US), Boston Micromachines Corporation (US), Phasics Corp. (France), and Thorlabs Inc. (US) are key players in the global adaptive optics market. Distribution agreements and partnerships are to be witnessed in the market. 

Industry News

An adaptive optic laser developed by collaborative efforts by TOPTICA Projects, European Southern Observatory (ESO), and other partners has passed the test and will enter the installation stage in the European Space Agency.

 

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About Us:

Market Research Future (MRFR) is an esteemed company with a reputation of serving clients across domains of information technology (IT), healthcare, and chemicals. Our analysts undertake painstaking primary and secondary research to provide a seamless report with a 360 degree perspective. Data is compared against reputed organizations, trustworthy databases, and international surveys for producing impeccable reports backed with graphical and statistical information.

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