Liquid lenses are used to create infinitely variable lenses with the help of one or more fluids. An infinitely variable lens is created without the movement of any parts by controlling the surface of the fluid. Liquid lens can be categorized into two types such as reflective and transmissive. Such types of liquid lenses are very different from liquid formed lenses, which are created by placing an epoxy or a drop of plastic on a surface and then left to harden into the shape of a lens.
Reflective liquid lenses are variable mirrors, which are used in reflector telescopes instead of traditional glass mirrors. When a fluid container is rotated, the centripetal force creates a reflective concavity, which is highly suitable for telescopic applications. Transmissive liquid lenses uses two unmixable fluids, each having different refractive index. The different refractive index allows the creation of variable focus lenses with high optical quality of 10 microns. Among the two fluids, one is an electrically conductive aqueous solution and the other is a non-conducting oil. The two fluids are stored in a small tube with lucid end caps. One of the caps and the tube’s interior are coated with hydrophobic material, which allows the aqueous solution to form a shape of hemispherical lens on the opposite side of the tube. In order to control the shape of the lens and decrease water repellency, dc voltage is applied across its coating and this process is known as electrowetting.
The module of a liquid lens is an electronically controllable variable focus system. Liquid lenses makes the use of two iso-density liquids, water as a conductor and oil as an insulator. The change in the voltage leads to the variation in the curvature of two liquids, which changes the focal length of the installed optical lens. The major advantages and characteristics of liquid lenses are its ruggedness, better optical quality, lesser power consumption, small in size and swift response times. In addition, liquid lens ensures the smooth installation, maintenance and setup by eliminating the requirement of opening the reader and touching the lens. It has immense application for reading distances, which changes part to part and has extraordinary swift response times compared to other auto focus equipment.
Liquid lens technology is highly preferred over conventional lens technology. Liquid lens does not have any movable parts and has an optimal power consumption level. Unlike the liquid lens, conventional lens technology requires mechanical adjustments in order to focus or enlarge the images, being captured. In addition, liquid lens is 85% smaller in size compared to typical camera lenses and therefore it finds immense application in mobile and optical devices, where weight and size savings are extremely vital.
Increasing application of liquid lenses in cameras, telescopes, mobile and optical devices is the major factor driving the growth of liquid lens market, globally. In addition, rising demand for high performance and energy-efficient lens is a crucial driver for the liquid lens market. Moreover, the rising popularity of photography and demand for pro-HD cameras, which are required for extreme sports are also a vital driving factor influencing the growth of liquid lens market. However, high cost associated with the manufacturing of liquid lens is set to inhibit the growth of this market.
North America is considered to be the largest liquid lens market, globally, followed by Europe, Asia Pacific, Middle East and Africa, and Latin America. Increasing application of liquid lens in photography, videography, scientific, medical, mobile and optical instruments are the major factors driving the growth of liquid lens market in North America. Some of the key players in the liquid lens market includes Cognex Corporation (U.S.), Invenios (U.S.), Varioptic (France), Optilux (U.S.) and Imagine Optics, Inc. (U.S.) among others.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.