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Published Date: 2016-11-08Number of Pages: 121

Adaptive Optics Market (Technology - Wavefront Modulator, Wavefront Sensor, and Control System; Application - Biomedical, Defense and Security, Astronomy, Manufacturing, Consumer Devices, and Communication) - Global Industry Analysis, Trend, Size, Share and Forecast 2016 - 2024

Global Adaptive Optics Market: Snapshot

The global market for adaptive optics has seen significant traction in the past few years and is expected to continue expansion at an astounding pace in the next few years. The market is chiefly driven by the increasing demand for this technology across different sectors, such as defense and security, biomedical. Moreover, with advancement of technology, various adaptive optics components are being developed at low cost and are anticipated to fuel the demand for adaptive optics.

Smaller and low cost wavefront sensors are likely to facilitate entry and growth of adaptive optics technology in the smaller observatory market, and ultimately the market for amateur astronomers. In addition, with advent of technology, sensitive detectors are expected to be developed in the future with faster closed-loop correction, which in turn, would make adaptive optics effective at progressively smaller wavelengths. Owing to these factors, the global market for adaptive optics is expected to witness significant traction during the next few years.

According to Transparency Market Research, global adaptive optics market will exhibit a staggering 83.9% CAGR over the period between 2016 and 2024, in terms of revenue. Expanding at this astounding pace, the market, which had a valuation of US$458.3 mn in 2015, will rise to US$109,685.9 mn by 2024.

adaptive optics market

Wavefront Sensor Technology Constitute Majority Share in Global Revenue

For an in-depth analysis, the adaptive optics market is segmented on the basis of technology, application and geography. In terms of technology, the market is segmented into wavefront modulator, wavefront sensor, and control system. Of these, the segment of wavefront sensor accounted for the dominant 45% share in the global adaptive optics market in 2015 and is expected to maintain its dominant position during the forecast period as well.

Wavefront sensors play an important role in evaluating the wavefront with enough spatial resolution and suitable speed for real time compensation and the market for the same is likely to witness strong growth in the next few years. The segment of wavefront modulators, on the other hand, is expected to gain traction in the global adaptive optics market due to the user friendly characteristics of this technology. Wavefront modulators held a substantial market share in 2015 and are expected to embark upon a stable growth path during the forecast period as well. The segment of control systems is expected to see a notable rise in its share in the global adaptive optics market over the forecast period.

Thanks to Vast Usage in Defense Sector, North America to Continue Dominance

In terms of revenue, North America was the dominant regional market for adaptive optics in 2015, accounting for over 40% of the global market. The U.S. presently accounts for a lion’s share in the North America adaptive optics market and is projected to be the most attractive market for adaptive optics in the region in the next few years as well. Dominance of the U.S. is attributed to the extensive utilization of this technology in sectors such as astronomy, defense and security, ophthalmology and laser eye surgery. Moreover, the technology has vast usage in both, the U.S. airborne and ground-based missile defense systems, and is expected to gain further traction in the near future with the continuous rise in defense budgets of the country.

 

The adaptive optics market in Asia Pacific is anticipated to outpace the market in other key regional markets in terms of growth rate over the forecast period. A vast rise in research and development activities and technical improvements related to use of adaptive optic technology in a number of applications are likely to fuel the market for adaptive optics in Asia Pacific during the forecast period. Japan held the most significant share in 2015 in terms of revenue, owing to wide usage of this technology in optical imaging, biomedical imaging, and laser precision manufacturing in the country.

 

Some of the key companies operating in the global adaptive optics market are Northrop Grumman Corporation (U.S.), Olympus Corp. (Tokyo), Boston Micromachines Corporation (U.S.), Raytheon Co. (U.S.), Canon Inc. (Japan), IRIS AO, Inc. (U.S.), Benchmark Electronics, Inc. (U.S.), Carl Zeiss Meditec AG (Germany), Celestron LLC (U.S.),  and Sacher Lasertechnik Gmbh (Germany).

Chapter 1 Preface
1.1 Research Scope 
1.2 Market Segmentation
1.3 Research Objectives 
1.4 Key Questions Answered 

Chapter 2 Assumptions and Research Methodology 
2.1 Report Assumptions 
2.2 Acronyms Used
2.3 Research Methodology

Chapter 3 Executive Summary 
3.1 Global Adaptive Optics Market Snapshot 
3.2 Market Opportunity Map 

Chapter 4 Market Dynamics
4.1 Overview
4.2 Key Trend Analysis 
4.3 Drivers and Restraints Snapshot Analysis 
4.3.1 Drivers
4.3.2 Restraints
4.3.3 Opportunity Analysis
4.4 Company Market Share Analysis
4.5 Competitive Strategies Adopted by Major Players
4.6 Market Attractiveness Analysis 

Chapter 5 Adaptive Optics Market Analysis, by Technology Type
5.1. Introduction
5.2 Global Adaptive Optics Market Value Share Analysis, by Technology Type
5.3 Global Adaptive Optics Market Revenue and Forecast, By Technology Type
5.4 Wavefront Modulator
5.5 Wavefront Sensor  
5.6 Control System

Chapter 6 Adaptive Optics Market Analysis, by Application Type
6.1. Introduction
6.2 Global Adaptive Optics Market Value Share Analysis, by Application Type
6.3 Global Adaptive Optics Market Revenue and Forecast, By Application Type
6.4 Biomedical
6.5 Astronomy
6.6 Defense and Security
6.7 Manufacturing
6.8 Consumer Devices
6.9 Communication

Chapter 7 Adaptive Optics Market Analysis, by Region
7.1 North America
7.2 Europe
7.3 Asia Pacific
7.4 Middle East & Africa
7.5 Latin America
7.6 Geographical Scenario
7.7 Adaptive Optics Market Value Share Analysis, by Region
7.8 Adaptive Optics Market Revenue and Forecast, by Region

Chapter 8 North America Adaptive Optics Market Analysis
8.1 North America Adaptive Optics Market Value Share Analysis, by Technology Type
8.2 North America Adaptive Optics Market Revenue and Forecast, by Technology Type
8.3 North America Adaptive Optics Market Value Share Analysis, by Application Type
8.4 North America Adaptive Optics Market Revenue and Forecast, by Application Type
8.5 North America Adaptive Optics Market Value Share Analysis, by Country Type
8.6 North America Adaptive Optics Market Revenue and Forecast, by Country Type
8.7 U.S. Adaptive Optics Market Analysis
8.8 Rest of North America Adaptive Optics Market Analysis

Chapter 9 Europe Adaptive Optics Market Analysis
9.1 Europe Adaptive Optics Market Value Share Analysis, by Technology Type
9.2 Europe Adaptive Optics Market Revenue and Forecast, by Technology Type
9.3 Europe Adaptive Optics Market Value Share Analysis, by Application Type
9.4 Europe Adaptive Optics Market Revenue and Forecast, by Application Type
9.5 Europe Adaptive Optics Market Value Share Analysis, by Country Type
9.6 Europe Adaptive Optics Market Revenue and Forecast, by Country Type
9.7 U.K. Adaptive Optics Market Analysis
9.8 Germany Adaptive Optics Market Analysis
9.9 France Adaptive Optics Market Analysis
9.10 Italy Adaptive Optics Market Analysis
9.11 Rest of Europe Adaptive Optics Market Analysis

Chapter 10 Asia Pacific Adaptive Optics Market Analysis
10.1 Asia Pacific Adaptive Optics Market Value Share Analysis, by Technology Type
10.2 Asia Pacific Adaptive Optics Market Revenue and Forecast, by Technology Type
10.3 Asia Pacific Adaptive Optics Market Value Share Analysis, by Application Type
10.4 Asia Pacific Adaptive Optics Market Revenue and Forecast, by Application Type
10.5 Asia Pacific Adaptive Optics Market Value Share Analysis, by Country Type
10.6 Asia Pacific Adaptive Optics Market Revenue and Forecast, by Country Type
10.7 China Adaptive Optics Market Analysis
10.8 Japan Adaptive Optics Market Analysis
10.9 India Adaptive Optics Market Analysis
10.10 Rest of Asia Pacific Adaptive Optics Market Analysis

Chapter 11 Middle-East and Africa (MEA) Adaptive Optics Market Analysis
11.1 Middle-East and Africa (MEA) Adaptive Optics Market Value Share Analysis, by Technology Type
11.2 Middle-East and Africa (MEA) Adaptive Optics Market Revenue and Forecast, by Technology Type
11.3 Middle-East and Africa (MEA) Adaptive Optics Market Value Share Analysis, by Application Type
11.4 Middle-East and Africa (MEA) Adaptive Optics Market Revenue and Forecast, by Application Type
11.5 Middle-East and Africa (MEA) Adaptive Optics Market Value Share Analysis, by Country Type
11.6 Middle-East and Africa (MEA) Adaptive Optics Market Revenue and Forecast, by Country Type
11.7 U.A.E Adaptive Optics Market Analysis
11.8 South Africa Adaptive Optics Market Analysis
11.9 Rest of Middle-East and Africa (MEA) Adaptive Optics Market Analysis

Chapter 12 Latin America Adaptive Optics Market Analysis
12.1 Latin America Adaptive Optics Market Value Share Analysis, by Technology Type
12.2 Latin America Adaptive Optics Market Revenue and Forecast, by Technology Type
12.3 Latin America Adaptive Optics Market Value Share Analysis, by Application Type
12.4 Latin America Adaptive Optics Market Revenue and Forecast, by Application Type
12.5 Latin America Adaptive Optics Market Value Share Analysis, by Country Type
12.6 Latin America Adaptive Optics Market Revenue and Forecast, by Country Type
12.7 Brazil Adaptive Optics Market Analysis
12.8 Rest of Latin America Adaptive Optics Market Analysis

Chapter 13 Company Profiles
13.1 Sacher Lasertechnik Gmbh
       13.1.1 Company Details (HQ, Foundation Year, Employee Strength)
       13.1.2 Market Presence, By Segment and Geography
       13.1.3 Strategy and SWOT Analysis
       13.1.4 Revenue and Y-o-Y Growth
13.2 Celestron LLC
       13.2.1 Company Details (HQ, Foundation Year, Employee Strength)
       13.2.2 Market Presence, By Segment and Geography
       13.2.3 Strategy and SWOT Analysis
       13.2.4 Revenue and Y-o-Y Growth
13.3 Carl Zeiss Meditec AG
       13.3.1 Company Details (HQ, Foundation Year, Employee Strength)
       13.3.2 Market Presence, By Segment and Geography
       13.3.3 Strategy and SWOT Analysis
       13.3.4 Revenue and Y-o-Y Growth
13.4 Canon Inc.
       13.4.1 Company Details (HQ, Foundation Year, Employee Strength)
       13.4.2 Market Presence, By Segment and Geography
       13.4.3 Strategy and SWOT Analysis
       13.4.4 Revenue and Y-o-Y Growth
13.5 Raytheon Co
       13.5.1 Company Details (HQ, Foundation Year, Employee Strength)
       13.5.2 Market Presence, By Segment and Geography
       13.5.3 Strategy and SWOT Analysis
       13.5.4 Revenue and Y-o-Y Growth
13.6 Boston Micromachines Corporation
       13.6.1 Company Details (HQ, Foundation Year, Employee Strength)
       13.6.2 Market Presence, By Segment and Geography
       13.6.3 Strategy and SWOT Analysis
       13.6.4 Revenue and Y-o-Y Growth
13.7 Olympus Corp.
       13.7.1 Company Details (HQ, Foundation Year, Employee Strength)
       13.7.2 Market Presence, By Segment and Geography
       13.7.3 Strategy and SWOT Analysis
       13.7.4 Revenue and Y-o-Y Growth
13.8 IRIS AO, Inc.
       13.8.1 Company Details (HQ, Foundation Year, Employee Strength)
       13.8.2 Market Presence, By Segment and Geography
       13.8.3 Strategy and SWOT Analysis
       13.8.4 Revenue and Y-o-Y Growth
13.9 Northrop Grumman Corporation
       13.9.1 Company Details (HQ, Foundation Year, Employee Strength)
       13.9.2 Market Presence, By Segment and Geography
       13.9.3 Strategy and SWOT Analysis
       13.9.4 Revenue and Y-o-Y Growth
13.10 Benchmark Electronics, Inc.
       13.10.1 Company Details (HQ, Foundation Year, Employee Strength)
       13.10.2 Market Presence, By Segment and Geography
       13.10.3 Strategy and SWOT Analysis
       13.10.4 Revenue and Y-o-Y Growth

List of Figures 

FIG. 1 Report Scope and Market Segmentation 
FIG. 3 Research Methodology
FIG. 4 Market Snapshot
FIG. 5 Key Trends
FIG. 6 Revenue Share (2015)
FIG. 7 Drivers and Restraints Snapshot Analysis
FIG. 8 Opportunity Analysis
FIG. 9 Global Adaptive Optics Market Share Analysis By Company (2015)
FIG. 10 Market Attractiveness Analysis, by Technology, 2015
FIG. 11 Global Adaptive Optics Market Value Share Analysis By Technology Type, 2015 and 2024
FIG. 12 Global Wavefront Modulator Market Revenue (US$ Mn), 2015 – 2024
FIG. 13 Global Control Syatem Market Revenue (US$ Mn), 2015 – 2024
FIG. 14 Global Wavefront Modulator Market Revenue (US$ Mn), 2015 – 2024
FIG. 15 Global Adaptive Optics Market Value Share Analysis By Application Type, 2015 and 2024
FIG. 16 Global Biomedical Market Revenue (US$ Mn), 2015 – 2024
FIG. 17 Global Astronomy Market Revenue (US$ Mn), 2015 – 2024
FIG. 18 Global Defense and Security Market Revenue (US$ Mn), 2015 – 2024
FIG. 19 Global Manufacturing Market Revenue (US$ Mn), 2015 – 2024
FIG. 20 Global Consumer Device Market Revenue (US$ Mn), 2015 – 2024
FIG. 21 Global Communication Market Revenue (US$ Mn), 2015 – 2024
FIG. 22 Geographical Scenario
FIG. 23 Global Adaptive Optics Market Value Share Analysis By Region Type, 2015 and 2024
FIG. 24 North America Adaptive Optics Market Value Share Analysis By Technology Type, 2015 and 2024
FIG. 25 North America Adaptive Optics Market Value Share Analysis By Application Type, 2015 and 2024
FIG. 26 North America Market Value Share Analysis By Country, 2015 and 2024
FIG. 27. U.S. Adaptive Optics Market Revenue (US$ Mn), 2015 – 2024
FIG. 28 Rest of North America Adaptive Optics Market Revenue (US$ Mn), 2015 – 2024
FIG. 29 Europe Adaptive Optics Market Value Share Analysis By Technology Type, 2015 and 2024
FIG. 30 Europe Adaptive Optics Market Value Share Analysis By Application Type, 2015 and 2024
FIG. 31 Europe Adaptive Optics Market Value Share Analysis By Country, 2015 and 2024
FIG. 32 U.K. Adaptive Optics Market Revenue (US$ Mn), 2015 – 2024
FIG. 33 Germany Adaptive Optics Market Revenue (US$ Mn), 2015 – 2024
FIG. 34 France Adaptive Optics Market Revenue (US$ Mn), 2015 – 2024
FIG. 35 Italy Adaptive Optics Market Revenue (US$ Mn), 2015 – 2024
FIG. 36 Rest of Europe Adaptive Optics Market Revenue (US$ Mn), 2015 – 2024
FIG. 37 Asia Pacific Adaptive Optics Market Value Share Analysis By Technology Type, 2015 and 2024
FIG. 38 Asia Pacific Adaptive Optics Market Value Share Analysis By Application Type, 2015 and 2024
FIG. 39 Asia Pacific Adaptive Optics Market Value Share Analysis By Country, 2015 and 2024
FIG. 40 China Adaptive Optics Market Revenue (US$ Mn), 2015 – 2024
FIG. 41 Japan Adaptive Optics Market Revenue (US$ Mn), 2015 – 2024
FIG. 42 India Adaptive Optics Market Revenue (US$ Mn), 2015 – 2024
FIG  43 Rest of Asia Pacific Adaptive Optics Market Revenue (US$ Mn), 2015 – 2024
FIG. 44 Middle East and Africa Adaptive Optics Market Value Share Analysis By Technology Type, 2015 and 2024
FIG. 45 Middle East and Africa Adaptive Optics Market Value Share Analysis By Application Type, 2015 and 2024
FIG. 46 Middle East and Africa Adaptive Optics Market Value Share Analysis By Country, 2015 and 2024
FIG. 47 U.A.E Adaptive Optics Market Revenue (US$ Mn), 2015 – 2024
FIG. 48 South Africa Adaptive Optics Market Revenue (US$ Mn), 2015 – 2024
FIG. 49 Rest of Middle-East and Africa (MEA) Adaptive Optics Market Revenue (US$ Mn), 2015 – 2024
FIG. 50 Latin America Adaptive Optics Market Value Share Analysis By Technology Type, 2015 and 2024
FIG. 51 Latin America Adaptive Optics Market Value Share Analysis By Application Type, 2015 and 2024
FIG. 52 Latin America Adaptive Optics Market Value Share Analysis By Country, 2015 and 2024
FIG. 53 Brazil Adaptive Optics Market Revenue (US$ Mn), 2015 – 2024
FIG. 54 Rest of Latin America Adaptive Optics Market Revenue (US$ Mn), 2015 – 2024

List of Tables

TABLE 1 Global Adaptive Optics Market Revenue (US$ Mn) and Forecast, By Technology Type, 2015–2024
TABLE 2 Global Adaptive Optics Market Revenue (US$ Mn) and Forecast, By Application Type, 2015–2024
TABLE 3 Global Adaptive Optics Market Revenue (US$ Mn) and Forecast, by Region, 2015–2024
TABLE 4 North America Adaptive Optics Market Revenue (US$ Mn) and Forecast, By Technology Type, 2015–2024
TABLE 5 North America Adaptive Optics Market Revenue (US$ Mn) and Forecast, By Application Type, 2015–2024
TABLE 6 North America Adaptive Optics Market Revenue (US$ Mn) and Forecast, By Country, 2015–2024
TABLE 7  Europe Adaptive Optics Market Revenue (US$ Mn) and Forecast, By Technology Type, 2015–2024 
TABLE 8 Europe Adaptive Optics Market Revenue (US$ Mn) and Forecast, By Application Type, 2015–2024
TABLE 9 Europe Adaptive Optics Market Revenue (US$ Mn) and Forecast, By Country, 2015–2024
TABLE 10 Asia Pacific Adaptive Optics Market Revenue (US$ Mn) and Forecast, By Technology Type, 2015–2024
TABLE 11  Asia Pacific Adaptive Optics Market Revenue (US$ Mn) and Forecast, By Application Type, 2015–2024 
TABLE 12 Asia Pacific Adaptive Optics Market Revenue (US$ Mn) and Forecast, By Country, 2015–2024
TABLE 13 Middle East and Africa Adaptive Optics Market Revenue (US$ Mn) and Forecast, By Technology Type, 2015–2024
TABLE 14 Middle East and Africa Adaptive Optics Market Revenue (US$ Mn) and Forecast, By Application Type, 2015–2024
TABLE 15 Middle East and Africa Adaptive Optics Market Revenue (US$ Mn) and Forecast, By Country, 2015–2024
TABLE 16 Latin America Adaptive Optics Market Revenue (US$ Mn) and Forecast, By Technology Type, 2015–2024
TABLE 17  Latin America Adaptive Optics Market Revenue (US$ Mn) and Forecast, By Application Type, 2015–2024 
TABLE 18 Latin America Adaptive Optics Market Revenue (US$ Mn) and Forecast, By Country, 2015–2024

Global Adaptive Optics Market: Overview

Adaptive optics is a technology used to enhance the efficiency of an optical system by reducing the wavefront distortion effects. Adaptive optics primarily aims to correct the deformation of a coming wavefront by defacing a mirror for compensating the distortion. In order to provide an in-depth analysis of the adaptive optics market, the market has been segmented on the basis of technology, application and geography. Various technology used in adaptive optics includes wafefront modulator, wavefront sensor and control system. Adaptive optics also finds its application across various sectors including biomedical, defense and security, astronomy, manufacturing, consumer devices and communication. The market of adaptive optics is estimated to experience an exponential growth rate during the forecast period from 2016 to 2024 owing to rapid growth of various application segment across the globe. 

Global Adaptive Optics Market: Growth Dynamics

Initiatives taken by the government to encourage rapid research and development activities in the optics industry is the primary factor responsible for the growing demand of technologically advanced adaptive optics during the forecast period from 2016 to 2024. In addition, increasing demand of adaptive optics from medical sector, astronomy and cellular imaging sector coupled with reduction in price of adaptive optics components owing to rapid technological advancement in material technology is also predicted to trigger the demand of adaptive optics in the coming years. In addition, rapid growth of the ophthalmology and retinal imaging treatments across the globe due to growing number of aging population and increasing adoption of retinal implants is also anticipated to create a better opportunity for various adaptive optics manufacturers during the forecast period.

However, Increasing regulatory compliances in line up with rising health treatment cost due to tax reforms are some of the major factors anticipated to affect the market growth of adaptive optics in the coming years. Adaptive optics technology involves aiming high frequency lasers into the lower atmosphere to correct for atmospheric distortions. There are different regulatory issues pertaining to the use of powerful lasers, which in turn is restraining the growth of adaptive optics market to some extent. 

Global Adaptive Optics Market: Scope of the Report

This report highlights the current market synopsis of the adaptive optics market along with future anticipated market growth during the period from 2016 to 2024. In addition, various political, economic, social and technological factors that are anticipated to affect the current and future demand of adaptive is also provided in this report. In addition, information related to key players operating in the market along with their market share and key strategies adopted to maintain their leading position is also provided in this report. The report also contains the present market size of adaptive optics technology in terms of revenue (USD Million) along with predictive forecast from 2016 to 2024. 

Global Adaptive Optics Market: Segmentation

Based on technology, the global adaptive optics market is majorly driven by wavefront sensors with highest market share in 2015. Extensive use of wavefront sensor for detecting the state of wavefront across the adaptive optic technology is the primary factor behind this segment's dominance. However, the market for control system used to measures the shape of the wavefront and produces signals that represent the wavefront, is predicted to experience the most promising market during the forecast period from 2016 to 2024.

By application, adaptive optics is majorly used in defense and security sector. The defense and security sector held the largest market share in 2015 and is predicted to maintain its dominance in the coming years. Adaptive optics are increasing used various defense communication system, surveillance and laser missile defense system. On the other hand, in terms of growth, consumer devices is predicted to witness the most promising market during the forecast period. Increasing demand for consumer devices having quick response, high optical quality and less power consumption are some of the key factors anticipated to boost the demand adaptive optics from various consumer goods manufacturers in the coming years.  

Some of the major players operating in the adaptive optics market include includes Benchmark Electronics, Inc. (U.S.), Northrop Grumman Corporation (U.S.), IRIS AO, Inc. (U.S.), Olympus Corp. (Tokyo), Boston Micromachines Corporation (U.S.), Raytheon Co. (U.S.), Canon Inc. (Japan), Carl Zeiss Meditec AG (Germany), Celestron LLC (U.S.) and Sacher Lasertechnik Gmbh (Germany) among others. 

The global adaptive optics has been segmented as follows: 

Global Adaptive Optics Market, By Technology

  • Wavefront Modulator
  • Wavefront Sensor
  • Control System

Global Adaptive Optics Market, By Application

  • Biomedical
  • Defense and Security
  • Astronomy
  • Manufacturing
  • Consumer devices
  • Communication

Global Adaptive Optics Market, By Geography

  • North America
    • The U.S.
    • Rest of North America
  • Europe
    • The U.K.
    • Germany
    • France
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of Asia Pacific
  • Middle-East and Africa (MEA)
    • A.E
    • South Africa
    • Rest of Middle-East and Africa
  • Latin America
    • Brazil
    • Rest of Latin America


 
 
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