Market Overview

The advancement in technology has led to betterment of various devices that could not earlier perform their functions at optimum levels. One such is the technology is known as adaptive optics. These are optical lenses that help get rid of any situational impairment a person suffers from and allow them to view objects clearly and with absolute focus. It brings into process a mix of digital systems and high-level optical lenses. The lenses used are made up of a combination of complex mirrors that are known as deformable mirrors. These mirrors are remotely controlled by an AI driven computer that alters the various factors to provide the sharpest image possible.

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Adaptive optics is not usually meant for general usage but rather for industrial purposes. Some of the industries that currently make use of adaptive optics technology include healthcare, defence, aeronautics, manufacturing processes, etc. Adaptive optics allows the user to view objects in the distance with more clarity or observe the finer details of an object in front of them. As a result, it can be beneficial for anyone performing fine surgeries or manufacturing methods. It can also be used by pilots and drivers to locate anomalies in the distance and reroute their course.

The global adaptive optics market was analyzed by Market Research Future (MRFR) and it was projected that a staggering CAGR of 31.3% will be attained by the market over the forecast period of 2018 to 2023. The valuation of the adaptive optics market was further stated to surpass its previous valuation of USD 215.7 million in 2017 and is predicted to reach USD 1,089.6 million by the end of 2023.

Market Segmentation

The global Adaptive optics industryhas been segmented in terms of type, end-user, and components.

By component, the market is segmented into wave front sensors, mirrors, wave front modulator, control systems, and others.

By type, the market is segmented into natural guide star adaptive optics (NGAO), laser guide star adaptive optics (LGAO), multi-conjugate adaptive optics (MCAO), multi-object adaptive optics (MOAO), ground-layer adaptive optics (GLAO).

By end-user, the market is segmented into healthcare, military & defense, manufacturing, consumer electronics, IT & telecommunication, and others.

Regional Analysis

The global adaptive optics market is geographically distributed across the following key regions: Asia Pacific, North America, Europe, and the Rest of the World (RoW).

Among the mentioned bunch of regions, the North America market is the leader of the global adaptive optics market standings. The market is growing at a continuous rate due to the presence of developed nations like Canada and the US as these were the initial adaptors of the adaptive optics solution in North America and across the globe. Europe stands second in the global adaptive optics market and is expected to grow at a notable pace over the forecast period.

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Competitive Landscape

The global adaptive optics market comprises a host of key players. This includes names like Thorlabs Inc. (US), Aplegen Inc. (US), Phasics Corp. (France), Benchmark Electronics Inc. (US), Adaptive Optics Associates Inc. (US), Boston Micromachines Corporation (US), Synopsys Optical Solution Group (US), Northrop Grumman Corporation (US), Holoeye Photonics AG (Germany), Sacher Lasertechnik Gmbh (Germany). These players are widening their market reach and proliferation by partnering and inking deals with local companies.

Some of the other important players in the global adaptive optics market include Iris AO Inc. (US), Teledyne e2v Ltd (UK), Flexible Optical B.V. (Netherlands), Adaptica S.r.l. (Italy), Edmund Optics Inc. (US), Active Optical Systems LLC (US), Optic SA (France), and others. These players are laying their focus on R&D activities to bring forward new products and improve the performance level of existing products.

June 2019, CILAS, a French-based company specializing in photonics and lasers astronomical and military applications, has inked down an agreement to create adaptive optic mirrors for a giant Hawaiian telescope.

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