Adaptive Optics Market to Reach $4.9 Billion with a CAGR of 25.6% by 2031

adaptive optics market size was valued at $0.49 billion in 2021, and is estimated to reach $4.9 billion by 2031, growing at a CAGR of 25.6% from 2022 to 2031.

PORTLAND, OREGON, UNITED STATES, November 2, 2023 /EINPresswire.com/ -- Allied Market Research recently published a report, titled, "Adaptive Optics Market by Component (Wavefront Sensor, Wavefront Modulator, Control System), by Industry Vertical (Astronomy, Biomedical, Military & Defense, Industrial & Manufacturing, Others), by Application (Ophthalmology, Microscopy, Laser Application, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031."

𝙂𝙚𝙩 𝙞𝙣𝙨𝙞𝙙𝙚 𝙎𝙘𝙤𝙤𝙥 𝙤𝙛 𝙩𝙝𝙚 𝙧𝙚𝙥𝙤𝙧𝙩, 𝙧𝙚𝙦𝙪𝙚𝙨𝙩 𝙛𝙤𝙧 𝙨𝙖𝙢𝙥𝙡𝙚: https://www.alliedmarketresearch.com/request-sample/4152

As per the report, the global adaptive optics market size was estimated at $494.5 million in 2021, and is set to reach $4.9 billion by 2031, growing at a CAGR of 25.6% from 2022 to 2031. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chains, regional landscapes, and competitive scenarios.

𝗠𝗮𝗿𝗸𝗲𝘁 𝗦𝗶𝘇𝗲 𝗮𝗻𝗱 𝗙𝗼𝗿𝗲𝗰𝗮𝘀𝘁

Surge in cases of retinal degenerative disorders and growing demand for adaptive optics in astronomical activities boost the growth of the global adaptive optics industry. Moreover, increase in demand for high-resolution microscopy in various biomedical research operations aids the growth of the global market. However, huge initial costs of adaptive systems and complex design along with optimization of space optical solutions are a few factors that can hinder the growth of the global market. Nevertheless, escalating demand for photonics-based products and a rise in research and development activities in advanced optics technology are predicted to generate new growth avenues for the global market.

Based on the type, the wavefront sensor segment contributed to the highest market share in 2021, accounting for nearly two-fifths of the global adaptive optics market share. However, the wavefront modulator segment is predicted to contribute majorly toward an overall market share in 2031, contributing more than one-third of the global market share. Furthermore, this segment is also likely to register the highest CAGR of nearly 27.0 % during the forecast timeline. The growth of the wavefront modulator segment over the forecast period can be attributed to the wide application of wavefront modulators in optical information processing systems. The report also includes other segments such as the control system.

𝗠𝗮𝗿𝗸𝗲𝘁 𝗗𝘆𝗻𝗮𝗺𝗶𝗰𝘀

On basis of the industry vertical, the military & defense segment contributed to the highest market share in 2021, accounting for more than one-third of the global adaptive optics market share. Reportedly, this segment is predicted to contribute majorly toward an overall market share in 2031. The segmental growth over the forecast timeline can be attributed to the extensive application of adaptive optics in the military & defense sector as the adaptive optics to improve the performance of laser-based weapon systems. The report also analyzes other segments such as astronomy, biomedical, industrial & manufacturing, and others segments.

In terms of the application, the microscopy segment contributed to the highest market share in 2021, accounting for nearly one-third of the global adaptive optics market share. Reportedly, this segment is predicted to contribute majorly toward an overall market share in 2031. The expansion of this segment over the forecast timeline is owing to large-scale use of adaptive optics in high-resolution microscopy. The report also includes other segments such as Ophthalmology, Laser Application, and Others.

𝙏𝙤 𝙋𝙪𝙧𝙘𝙝𝙖𝙨𝙚 𝙩𝙝𝙞𝙨 𝙋𝙧𝙚𝙢𝙞𝙪𝙢 𝙍𝙚𝙥𝙤𝙧𝙩:- https://www.alliedmarketresearch.com/adaptive-optics-market/purchase-options

𝗔𝗻𝗮𝗹𝘆𝘀𝘁 𝗥𝗲𝘃𝗶𝗲𝘄

By Region, North America contributed notably toward an overall market share in 2021, and is projected to continue its dominance during the forecast period. The region accounted for more than two-fifths of the global adaptive optics market share in 2021. The region is projected to dominate the global market even in 2031.

The growth of the market in the region over the forecast timespan can be credited to the increased presence of numerous companies operating across North America. In addition, the key players operating across the industry in North America are offering advanced adaptive optics systems to be used across defense, astronomy, medical, manufacturing, and other industries. However, the Asia-Pacific region is anticipated to record the fastest CAGR of 29.0% from 2022 to 2031.

The growth of the regional market over the forecast period can be attributed to the approval of adaptive optics devices in countries such as China, Japan, India, and South Korea. Furthermore, increasing acceptance of adaptive optics for retinal imaging is anticipated to fuel the adaptive optics market in this region. The report also analyzes other segments including LAMEA and Europe.

𝗧𝗵𝗲 𝗞𝗲𝘆 𝗣𝗹𝗮𝘆𝗲𝗿𝘀

Active Optical Systems LLC
Adaptica Srl
Aka Optics SAS
ALPAO
Baker Adaptive Optics
Benchmark Electronics, Inc.
Boston Micromachines Corporation
Edmund Optics Inc.
Electro Optic Systems Pty Ltd.
Flexible Optical B.V.
Imagine Optic
Iris AO, Inc.
Northrop Grumman Corporation
Phasics SA
Synopsys, Inc.
Teledyne e2v
Thorlabs, Inc.

𝙈𝙖𝙠𝙚 𝙖 𝙋𝙪𝙧𝙘𝙝𝙖𝙨𝙚 𝙄𝙣𝙦𝙪𝙞𝙧𝙮:- https://www.alliedmarketresearch.com/purchase-enquiry/4152

By component, the wavefront sensor segment dominated the global adaptive optics market in 2021, in terms of revenue. By industry vertical, the military & defense segment dominated the global adaptive optics market in 2021, in terms of revenue. By application, the microscopy segment dominated the global adaptive optics market in 2021, in terms of revenue. Presently, North America is the highest revenue contributor and is expected to lead the market during the forecast period, followed by Europe.

Covid-19 scenario:

The COVID-19 pandemic adversely affected the expansion of the global adaptive optics market due to supply chain interruption.
Temporary halt of the production activities related to adaptive optics due to lockdown during the COVID-19 pandemic outbreak impacted the growth of the global market.
The wavefront modulator segment to dominate the global market in terms of revenue in 2031

𝐒𝐢𝐦𝐢𝐥𝐚𝐫 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐖𝐞 𝐇𝐚𝐯𝐞 𝐨𝐧 𝐀𝐮𝐭𝐨𝐦𝐨𝐭𝐢𝐯𝐞 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲:

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David Correa
Allied Analytics LLP
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