The Asia Pacific Optical Lens Market would witness market growth of 8.7% CAGR during the forecast period (2023-2030). In the year 2021, the Asia Pacific market's volume surged to 43,621.3 thousand Units, showcasing a growth of 8.5% (2019-2022).
The photography and imaging industry relies heavily on optical lenses to capture high-quality images and videos. Optical lenses help control focus, aperture, and exposure in professional cameras or smartphones, allowing photographers to express their creativity and capture moments with exceptional clarity. Furthermore, the versatility of optical lenses is reflected in their broad spectrum of applications across various sectors. Optical lenses are used in eyeglasses, contact lenses, and diagnostic instruments in healthcare. They enable accurate eye examinations, vision correction, and the treatment of eye diseases. Optical lenses in cameras and imaging equipment are pivotal in capturing high-resolution images, videos, and 3D visuals. They are essential for both professional photographers and enthusiasts.
The booming consumer electronics sector relies on optical lenses for device miniaturization, enhancing display quality, and enabling features like augmented reality (AR) and virtual reality (VR). In scientific laboratories, optical lenses are indispensable for microscopy, spectroscopy, and studying light-matter interactions. Researchers rely on precision lenses to explore the micro and nano worlds. Manufacturing processes often utilize optical lenses for quality control, laser machining, and material processing. These lenses contribute to improving production efficiency and product quality.
China's rapid urbanization has led to lifestyle changes, including longer indoor hours, increased screen usage (e.g., smartphones and computers), and reduced exposure to natural light. These factors are related to an elevated risk of myopia. As China's population ages, age-related eye disorders like presbyopia and cataracts are also rising. These conditions can impact visual acuity and require vision correction. Moreover, according to an article titled China's Aging Population a Challenge, also an Opportunity, updated in 2021 by the Government of China, in mainland China, there are now 264.02 million Chinese citizens who are 60 years of age or older, including 190.64 million seniors, or 13.5% of the population. This will also impact the number of eye disease cases in the country. All these factors will boost the future demand for optical lenses in the Asia Pacific region.
The China market dominated the Asia Pacific Optical Lens Market, By Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $3,076.5 million by 2030. The Japan market is showcasing a CAGR of 8.1% during (2023 - 2030). Additionally, The India market would register a CAGR of 9.4% during (2023 - 2030).
Based on Type, the market is segmented into Converging and Diverging. Based on Application, the market is segmented into Smartphones, Camera, Automotive, Medical Surgery, AR/VR/Headsets or Mounted Display and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Global Optical Lens Market is Predict to reach $30 Billion by 2030, at a CAGR of 8.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Sony Corporation (Sony Electronics, Inc.), Carl Zeiss AG, Sunny Optical Technology (Group) Company Limited, Tamron Co., Ltd., Canon, Inc., Fujifilm Holdings Corporation, Largan Precision Co., Ltd., Nikon Corporation, Genius Electronic Optical Co., Ltd and Sigma Corporation.
By Type (Volume, thousand Units, USD Million, 2019-2030)
By Application (Volume, thousand Units, USD Million, 2019-2030)
By Country (Volume, thousand Units, USD Million, 2019-2030)
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