The Latin America, Middle East and Africa Optical Lens Market would witness market growth of 10.5% CAGR during the forecast period (2023-2030). In the year 2026, the LAMEA market's volume is expected to surge to 14,596.0 thousand Units, showcasing a growth of 11.9% (2023-2030).
The healthcare industry is witnessing the emergence of smart eyewear and contact lenses with embedded sensors for continuous health monitoring. These devices rely on advanced optical lenses to provide accurate data. Consumers increasingly seek personalized optical solutions. Companies offer customized eyeglasses and contact lenses based on individual prescriptions and preferences. There is a growing emphasis on sustainability in the market. Manufacturers are exploring eco-friendly materials and production processes to reduce the environmental impact of lens manufacturing.
Optical lenses are a critical interface between the physical world and vision systems. They are designed to manipulate light, enabling the formation of clear and magnified images, correction of vision impairments, and the transmission of optical signals in various industries.
The UAE has also seen a significant surge in the elderly population in recent years. According to the Dubai Statistics Center, senior citizens account for nearly 6.6% of Dubai's Emirati population. This percentage is expected to rise gradually based on the continuous increase of people's age as well as the development of health care services. These factors are expected to propel the demand for optical lenses in the LAMEA region.
The Brazil market dominated the LAMEA Optical Lens Market, By Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $594.7 million by 2030. The Argentina market is registering a CAGR of 11.1% during (2023 - 2030). Additionally, The UAE market would showcase a CAGR of 10.3% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Worldwide Optical Lens Market is Projected to reach USD 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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