The North America Aspherical Lens Market would witness market growth of 5.8% CAGR during the forecast period (2023-2029).
Aspheric lenses may be divided into convex and concave categories. In many presbyopic varifocal lenses, convex aspheric curvatures are employed to improve the optical power over a portion of the lens, which is helpful for near-focused activities like reading. An aspheric "progressive add" makes up the reading portion. Additionally, high-plus power aspheric lenses can be prescribed in cases of aphakia or extreme hyperopia; however, this method is fading away in favor of surgical intraocular lens implants.
Regulatory organizations that oversee prescriptions have approved a variety of convex lens varieties. High myopia can be corrected with concave aspheres. However, similar to how a prosthetic is made specifically for a person, they are not readily accessible from optical dispensaries and must be obtained on an individually tailored basis with instructions from the suiting practitioner.
North America represents one of the most lucrative markets for utilizing aspheric lens technology with high precision. Due to distortion, astigmatism, spherical aberration problems, and the country's rapid growth in the automotive and smartphone industries, the region currently controls the majority of the global market for aspheric lenses. The U.S. and Canada have well-established infrastructures in the medical and car industries. Thus, these systems assist technical research and development projects. In addition, these nations have several leading industrial firms thanks to favorable regulatory standards, which have allowed the local market to grow.
The US market dominated the North America Aspherical Lens Market by Country in 2022, and would continue to be a dominant market till 2029; thereby, achieving a market value of $2,696.4 Million by 2029. The Canada market is poised to grow at a CAGR of 8.2% during (2023 - 2029). Additionally, The Mexico market would witness a CAGR of 7.2% during (2023 - 2029).
Based on Offering, the market is segmented into Single and Double. Based on Type, the market is segmented into Glass, Plastic, and Others. Based on Manufacturing Technology, the market is segmented into Molding, Polishing & Grinding, and Others. Based on Application, the market is segmented into Opthalmic, Consumer Electronics, Digital Cameras, Automotive, Fiber Optics & Photonics and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Worldwide Aspherical Lens Market is Projected to reach USD 13 Billion by 2029, at a CAGR of 6.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Nikon Corporation, Canon, Inc., Panasonic Holdings Corporation, Hoya Corporation, Thorlabs, Inc., AGC, Inc., Carl Zeiss AG, Tokai Optical Co., Ltd., Calin Technology Co., Ltd. and Largan Precision Co., Ltd.
Scope of the Study
Market Segments Covered in the Report:
By Offering
By Type
By Manufacturing Technology
- Molding
- Polishing & Grinding
- Others
By Application
- Opthalmic
- Consumer Electronics
- Digital Cameras
- Automotive
- Fiber Optics & Photonics
- Others
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Nikon Corporation
- Canon, Inc.
- Panasonic Holdings Corporation
- Hoya Corporation
- Thorlabs, Inc.
- AGC, Inc.
- Carl Zeiss AG
- Tokai Optical Co., Ltd.
- Calin Technology Co., Ltd.
- Largan Precision Co., Ltd
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Aspherical Lens Market, by Offering
1.4.2 North America Aspherical Lens Market, by Type
1.4.3 North America Aspherical Lens Market, by Manufacturing Technology
1.4.4 North America Aspherical Lens Market, by Application
1.4.5 North America Aspherical Lens Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis – Global
3.1 Market Share Analysis, 2021
3.2 Strategies Deployed in Aspherical Lens Market
Chapter 4. North America Aspherical Lens Market by Offering
4.1 North America Single Market by Country
4.2 North America Double Market by Country
Chapter 5. North America Aspherical Lens Market by Type
5.1 North America Glass Market by Country
5.2 North America Plastic Market by Country
5.3 North America Others Market by Country
Chapter 6. North America Aspherical Lens Market by Manufacturing Technology
6.1 North America Molding Market by Country
6.2 North America Polishing & Grinding Market by Country
6.3 North America Others Market by Country
Chapter 7. North America Aspherical Lens Market by Application
7.1 North America Opthalmic Market by Country
7.2 North America Consumer Electronics Market by Country
7.3 North America Digital Cameras Market by Country
7.4 North America Automotive Market by Country
7.5 North America Fiber Optics & Photonics Market by Country
7.6 North America Others Market by Country
Chapter 8. North America Aspherical Lens Market by Country
8.1 US Aspherical Lens Market
8.1.1 US Aspherical Lens Market by Offering
8.1.2 US Aspherical Lens Market by Type
8.1.3 US Aspherical Lens Market by Manufacturing Technology
8.1.4 US Aspherical Lens Market by Application
8.2 Canada Aspherical Lens Market
8.2.1 Canada Aspherical Lens Market by Offering
8.2.2 Canada Aspherical Lens Market by Type
8.2.3 Canada Aspherical Lens Market by Manufacturing Technology
8.2.4 Canada Aspherical Lens Market by Application
8.3 Mexico Aspherical Lens Market
8.3.1 Mexico Aspherical Lens Market by Offering
8.3.2 Mexico Aspherical Lens Market by Type
8.3.3 Mexico Aspherical Lens Market by Manufacturing Technology
8.3.4 Mexico Aspherical Lens Market by Application
8.4 Rest of North America Aspherical Lens Market
8.4.1 Rest of North America Aspherical Lens Market by Offering
8.4.2 Rest of North America Aspherical Lens Market by Type
8.4.3 Rest of North America Aspherical Lens Market by Manufacturing Technology
8.4.4 Rest of North America Aspherical Lens Market by Application
Chapter 9. Company Profiles
9.1 Panasonic Holdings Corporation
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Segmental and Regional Analysis
9.1.4 Research & Development Expense
9.1.5 Recent strategies and developments:
9.1.5.1 Partnerships, Collaborations, and Agreements:
9.1.5.2 Product Launches and Product Expansions:
9.1.6 SWOT Analysis
9.2 Carl Zeiss AG
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Segmental and Regional Analysis
9.2.4 Research & Development Expenses
9.2.5 Recent strategies and developments:
9.2.5.1 Partnerships, Collaborations, and Agreements:
9.3 Nikon Corporation
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Segmental and Regional Analysis
9.3.4 Research & Development Expense
9.3.5 Recent strategies and developments:
9.3.5.1 Product Launches and Product Expansions:
9.4 Hoya Corporation
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Segmental and Regional Analysis
9.4.4 Research & Development Expenses
9.4.5 Recent strategies and developments:
9.4.5.1 Product Launches and Product Expansions:
9.5 Canon, Inc.
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Segmental and Regional Analysis
9.5.4 Research & Development Expenses
9.5.5 Recent strategies and developments:
9.5.5.1 Product Launches and Product Expansions:
9.6 AGC, Inc.
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Segmental and Regional Analysis
9.6.4 Research & Development Expenses
9.7 Largan Precision Co., Ltd.
9.7.1 Company Overview
9.7.2 Financial Analysis
9.7.3 Research & Development Expenses
9.8 Tokai Optical Co., Ltd.
9.8.1 Company Overview
9.9 Calin Technology Co., Ltd.
9.9.1 Company Overview
9.10. Thorlabs, Inc.
9.10.1 Company Overview
TABLE 1 North America Aspherical Lens Market, 2019 - 2022, USD Million
TABLE 2 North America Aspherical Lens Market, 2023 - 2029, USD Million
TABLE 3 North America Aspherical Lens Market by Offering, 2019 - 2022, USD Million
TABLE 4 North America Aspherical Lens Market by Offering, 2023 - 2029, USD Million
TABLE 5 North America Single Market by Country, 2019 - 2022, USD Million
TABLE 6 North America Single Market by Country, 2023 - 2029, USD Million
TABLE 7 North America Double Market by Country, 2019 - 2022, USD Million
TABLE 8 North America Double Market by Country, 2023 - 2029, USD Million
TABLE 9 North America Aspherical Lens Market by Type, 2019 - 2022, USD Million
TABLE 10 North America Aspherical Lens Market by Type, 2023 - 2029, USD Million
TABLE 11 North America Glass Market by Country, 2019 - 2022, USD Million
TABLE 12 North America Glass Market by Country, 2023 - 2029, USD Million
TABLE 13 North America Plastic Market by Country, 2019 - 2022, USD Million
TABLE 14 North America Plastic Market by Country, 2023 - 2029, USD Million
TABLE 15 North America Others Market by Country, 2019 - 2022, USD Million
TABLE 16 North America Others Market by Country, 2023 - 2029, USD Million
TABLE 17 North America Aspherical Lens Market by Manufacturing Technology, 2019 - 2022, USD Million
TABLE 18 North America Aspherical Lens Market by Manufacturing Technology, 2023 - 2029, USD Million
TABLE 19 North America Molding Market by Country, 2019 - 2022, USD Million
TABLE 20 North America Molding Market by Country, 2023 - 2029, USD Million
TABLE 21 North America Polishing & Grinding Market by Country, 2019 - 2022, USD Million
TABLE 22 North America Polishing & Grinding Market by Country, 2023 - 2029, USD Million
TABLE 23 North America Others Market by Country, 2019 - 2022, USD Million
TABLE 24 North America Others Market by Country, 2023 - 2029, USD Million
TABLE 25 North America Aspherical Lens Market by Application, 2019 - 2022, USD Million
TABLE 26 North America Aspherical Lens Market by Application, 2023 - 2029, USD Million
TABLE 27 North America Opthalmic Market by Country, 2019 - 2022, USD Million
TABLE 28 North America Opthalmic Market by Country, 2023 - 2029, USD Million
TABLE 29 North America Consumer Electronics Market by Country, 2019 - 2022, USD Million
TABLE 30 North America Consumer Electronics Market by Country, 2023 - 2029, USD Million
TABLE 31 North America Digital Cameras Market by Country, 2019 - 2022, USD Million
TABLE 32 North America Digital Cameras Market by Country, 2023 - 2029, USD Million
TABLE 33 North America Automotive Market by Country, 2019 - 2022, USD Million
TABLE 34 North America Automotive Market by Country, 2023 - 2029, USD Million
TABLE 35 North America Fiber Optics & Photonics Market by Country, 2019 - 2022, USD Million
TABLE 36 North America Fiber Optics & Photonics Market by Country, 2023 - 2029, USD Million
TABLE 37 North America Others Market by Country, 2019 - 2022, USD Million
TABLE 38 North America Others Market by Country, 2023 - 2029, USD Million
TABLE 39 North America Aspherical Lens Market by Country, 2019 - 2022, USD Million
TABLE 40 North America Aspherical Lens Market by Country, 2023 - 2029, USD Million
TABLE 41 US Aspherical Lens Market, 2019 - 2022, USD Million
TABLE 42 US Aspherical Lens Market, 2023 - 2029, USD Million
TABLE 43 US Aspherical Lens Market by Offering, 2019 - 2022, USD Million
TABLE 44 US Aspherical Lens Market by Offering, 2023 - 2029, USD Million
TABLE 45 US Aspherical Lens Market by Type, 2019 - 2022, USD Million
TABLE 46 US Aspherical Lens Market by Type, 2023 - 2029, USD Million
TABLE 47 US Aspherical Lens Market by Manufacturing Technology, 2019 - 2022, USD Million
TABLE 48 US Aspherical Lens Market by Manufacturing Technology, 2023 - 2029, USD Million
TABLE 49 US Aspherical Lens Market by Application, 2019 - 2022, USD Million
TABLE 50 US Aspherical Lens Market by Application, 2023 - 2029, USD Million
TABLE 51 Canada Aspherical Lens Market, 2019 - 2022, USD Million
TABLE 52 Canada Aspherical Lens Market, 2023 - 2029, USD Million
TABLE 53 Canada Aspherical Lens Market by Offering, 2019 - 2022, USD Million
TABLE 54 Canada Aspherical Lens Market by Offering, 2023 - 2029, USD Million
TABLE 55 Canada Aspherical Lens Market by Type, 2019 - 2022, USD Million
TABLE 56 Canada Aspherical Lens Market by Type, 2023 - 2029, USD Million
TABLE 57 Canada Aspherical Lens Market by Manufacturing Technology, 2019 - 2022, USD Million
TABLE 58 Canada Aspherical Lens Market by Manufacturing Technology, 2023 - 2029, USD Million
TABLE 59 Canada Aspherical Lens Market by Application, 2019 - 2022, USD Million
TABLE 60 Canada Aspherical Lens Market by Application, 2023 - 2029, USD Million
TABLE 61 Mexico Aspherical Lens Market, 2019 - 2022, USD Million
TABLE 62 Mexico Aspherical Lens Market, 2023 - 2029, USD Million
TABLE 63 Mexico Aspherical Lens Market by Offering, 2019 - 2022, USD Million
TABLE 64 Mexico Aspherical Lens Market by Offering, 2023 - 2029, USD Million
TABLE 65 Mexico Aspherical Lens Market by Type, 2019 - 2022, USD Million
TABLE 66 Mexico Aspherical Lens Market by Type, 2023 - 2029, USD Million
TABLE 67 Mexico Aspherical Lens Market by Manufacturing Technology, 2019 - 2022, USD Million
TABLE 68 Mexico Aspherical Lens Market by Manufacturing Technology, 2023 - 2029, USD Million
TABLE 69 Mexico Aspherical Lens Market by Application, 2019 - 2022, USD Million
TABLE 70 Mexico Aspherical Lens Market by Application, 2023 - 2029, USD Million
TABLE 71 Rest of North America Aspherical Lens Market, 2019 - 2022, USD Million
TABLE 72 Rest of North America Aspherical Lens Market, 2023 - 2029, USD Million
TABLE 73 Rest of North America Aspherical Lens Market by Offering, 2019 - 2022, USD Million
TABLE 74 Rest of North America Aspherical Lens Market by Offering, 2023 - 2029, USD Million
TABLE 75 Rest of North America Aspherical Lens Market by Type, 2019 - 2022, USD Million
TABLE 76 Rest of North America Aspherical Lens Market by Type, 2023 - 2029, USD Million
TABLE 77 Rest of North America Aspherical Lens Market by Manufacturing Technology, 2019 - 2022, USD Million
TABLE 78 Rest of North America Aspherical Lens Market by Manufacturing Technology, 2023 - 2029, USD Million
TABLE 79 Rest of North America Aspherical Lens Market by Application, 2019 - 2022, USD Million
TABLE 80 Rest of North America Aspherical Lens Market by Application, 2023 - 2029, USD Million
TABLE 81 Key Information – Panasonic Holdings Corporation
TABLE 82 key Information – Carl Zeiss AG
TABLE 83 Key Information – Nikon Corporation
TABLE 84 Key Information – Hoya Corporation
TABLE 85 Key Information – Canon, Inc.
TABLE 86 Key Information – AGC, Inc.
TABLE 87 Key Information – Largan Precision Co., Ltd.
TABLE 88 Key Information – Tokai Optical Co., Ltd.
TABLE 89 Key Information – Calin Technology Co., Ltd.
TABLE 90 Key Information – Thorlabs, Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 Market Share Analysis, 2021
FIG 3 SWOT Analysis: Panasonic Holdings Corporation