New York, NY, July 04, 2018 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Adaptive Optics (AO) Market by Type (Next Generation Adaptive Optics (NGAO), Ground Layer Adaptive Optics (GLAO), Multi-Conjugate Adaptive Optics (MCAO) and Multi Object Adaptive Optics (MOAO)) by Components (Wavefront Sensor, Wavefront Modulator and Control System) Market for Communication, Industrial & Manufacturing, Military & Defense, Consumer, Biomedical and Others: Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 – 2023” . According to the report, the global adaptive optics market accounted for USD 602.24 million in 2017 and is expected to reach USD 10,665.88 million globally by 2023, growing at a CAGR of around 61.49% between 2018 and 2023.
AO corrects a wavefront by an optical element which changes form when an outside control signal applied. A deformable mirror is an adaptive element with controllable reflective surface shape. By introducing the correct mirror shape, a distorted input wavefront may be improved. Turbulence in the Earth's atmosphere limits the performance of ground-based astronomical telescopes. In addition, to making a star twinkle; turbulence spreads out the light from a star so that it appears as fuzzy blob when viewed from a telescope. Adaptive optics also used for the blurring by the earth’s atmosphere and allows earth-bound telescopes to see approximately as clearly as if they were in space.
Browse through 51 Tables & 32 Figures spread over 110 Pages and in-depth TOC on "Global Adaptive Optics (AO) Market Size, Share 2017: Industry Trends, Growth Analysis and Forecast to 2023”.
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Increasing demand of adaptive optics for high-resolution microscopy, growing value for utilizing adaptive optics in free-space laser communications and utilization of adaptive optics for long-range target identification in military applications are some of the major factors predicted to fuel the adaptive optics market growth. Additionally, rising adoption of adaptive driver-assistance systems (ADAS) in automobiles paired with increased research investment and funding by government helps to further prompt demand for adaptive optics market in the analysis period. Increasing use of adaptive optics in ophthalmology and retinal imaging is estimated to support the adaptive optics market significantly in years to come. However, high initial cost and complex designing techniques may pose challenges for adaptive optics market in the forecast period. Even so, advancing adaptive optics technology coupled with development in professional astronomy is expected to open new alluring opportunities for adaptive optics market in the near future.
Based on the type, global adaptive optics market is bifurcated into Next generation adaptive optics (NGAO), ground layer adaptive optics (GLAO), multi-conjugate adaptive optics (MCAO) and multi object adaptive optics (MOAO). Wavefront sensor, wavefront modulator, and control system are the component segment of global adaptive optics market. Wavefront sensor segment dominated the adaptive optics market & accounted over 42.63% of market share in 2017. A wavefront sensor is part of adaptive optics and is a device which primarily used for measuring the aberrations of an optical wavefront. Moreover, wavefront sensors helpful in evaluating the wavefront with enough spatial resolution and suitable speed for real-time compensation.
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In terms of revenue, North America held the largest share of the global adaptive optics market. The major factors driving the growth of the market are laser eye surgery, and ophthalmology, utilization of adaptive optics in defense and security are the key contributing factors for the market growth in the near future. The U.S. and Canada emerged as a lucrative market for adaptive optics in North America market. Presently, North America contributed over 37.91% of market share for adaptive optics in 2017.
European adaptive optics markets are mainly driven by increased research investment and funding by the government. In addition, the demand of adaptive optics for high-resolution microscopy and utilizing adaptive optics in free-space laser communications is estimated to be major factors for Europe region. The development and up gradation of surface-to-air missiles from infrared artillery to a more advanced and complex radio frequency gear is predicted to surge demand for adaptive optics in Europe region. The UK and France are expected to hold significant market share in Western Europe region.
Browse the full "Adaptive Optics (AO) Market by Type (Next Generation Adaptive Optics (NGAO), Ground Layer Adaptive Optics (GLAO), Multi-Conjugate Adaptive Optics (MCAO) and Multi Object Adaptive Optics (MOAO)) by Components (Wavefront Sensor, Wavefront Modulator and Control System) Market for Communication, Industrial & Manufacturing, Military & Defense, Consumer, Biomedical and Others: Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 – 2023" report at https://www.zionmarketresearch.com/report/ada...ics-market
Asia Pacific is expected to grow at the highest CAGR from 2017 to 2023 for adaptive optics market. The market in the Asia Pacific comprises developing economies such as China and India, which have a significant potential for adaptive optics application. Rapid economic growth in BRIC nations is expected to drive the adaptive optics market in this region. Japan and China held the majority share of the Asia-Pacific adaptive optics market in 2017 owing to rise in usage of the technology in biomedical imaging paired with laser precision manufacturing. The growth of adaptive optics in Asia Pacific is still imminent.
Latin America also has a potential market for the further growth of the adaptive optics market. Rising adoption of adaptive driver-assistance systems (ADAS) in automobiles paired with increasing utilization in free-space laser communications application will propel the demand for adaptive optics market in Latin America region. Brazil, Chile, and Argentina are expected to be the key contributing countries for the growth of the adaptive optics market. The Middle East is expected to be one of the fastest growing regional markets for adaptive optics market in the coming years owing to demand from in military applications. Africa region is also expected to show massive growth for adaptive optics market owing to increasing spending on defense.
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Major participant operative in the adaptive optics market is Northrop Grumman Corporation, Adaptive Eyecare, Benchmark Electronics, Boston Micromachines, Phasics Corporation, Adaptica SRL, Baker Adaptive Optics, Aplegen, IRIS AO, EOS Technologies, EOS Technologies, Holoeye Photonics, Synopsys Optical Solutions Group, Schott North America and Sacher Lasertechnik amongst others.
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The report segment of global adaptive optics market as follows:
Global Adaptive Optics Market: Components Segment Analysis
- Wavefront Sensor
- Wavefront Modulator
- Control System
Global Adaptive Optics Market: Type Segment Analysis
- Next Generation Adaptive Optics (NGAO)
- Ground Layer Adaptive Optics (GLAO)
- Multi-Conjugate Adaptive Optics (MCAO)
- Multi Object Adaptive Optics (MOAO)
Global Adaptive Optics Market: End-User Industry Segment Analysis
- Communication
- Industrial and Manufacturing
- Military and Defense
- Consumer
- Biomedical
- Others
Global Adaptive Optics Market: Regional Segment Analysis
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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