Published Date: 26-May-2023
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According to a new report, published by KBV research, The Global Aspherical Lens Market size is expected to reach $13 billion by 2029, rising at a market growth of 6.4% CAGR during the forecast period.
The Double segment is showcasing a CAGR of 9% during (2023 - 2029). Spherical aberration and other aberrations, including astigmatism, coma, and distortion, are lessened with double aspherical lenses. Better image quality is the outcome, especially towards the image's margins. In addition, double aspherical lenses can let through more light than conventional spherical lenses. Better low-light performance and brighter photos may result from this.
The Glass segment acquired maximum revenue share in the Global Aspherical Lens Market by Type in 2022 thereby, achieving a market value of $7.4 billion by 2029. Glass aspherical lenses have benefits such as increased durability and resistance to scuffs and other harm. As a result, they are a dependable and durable alternative for numerous applications. The need for cameras, automobiles, and surveillance applications is on the rise, which is what is driving this market's expansion.
The Polishing & Grinding segment has shown the growth rate of 6.6% during (2023 - 2029). By grinding and polishing, larger aspheres can be created. These methods result in lenses utilized in missile guidance systems, projection TVs, telescopes, and scientific research tools. They can be produced via point-contact contouring to a roughly suitable form, then polished to its final shape. To increase the polish's precision and surface quality, various "finishing" techniques can be applied.
The Opthalmic segment is generating highest revenue share in the Global Aspherical Lens Market by Application in 2022 thereby, achieving a market value of $4.3 billion by 2029. Because they offer a specific focus and a wide variety of focal lengths, aspherical lenses are employed more frequently in optical equipment to replace spherical lenses. There is a demand for high-precision aspherical lenses due to the incorporation of aspherical lenses into devices like fluorescence microscopes, parabolic reflectors, and others. In addition, aspherical lenses are widely used in optical metrology devices, significantly impacting the market for optical instruments.
The Asia Pacific market dominated the Global Aspherical Lens Market by Region in 2022, and would continue to be a dominant market till 2029; thereby, achieving a market value of $5 billion by 2029. The Europe market is exhibiting a CAGR of 6% during (2023 - 2029). Additionally, The North America market would showcase a CAGR of 5.8% during (2023 - 2029).
Full Report: https://www.kbvresearch.com/aspherical-lens-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.
By Manufacturing Technology
Unique Offerings from KBV Research
North America Aspherical Lens Market size & Opportunities 2023-2029
Europe Aspherical Lens Market & Growth Forecast 2023-2029
Asia Pacific Aspherical Lens Market Share & Industry Outlook to 2029
LAMEA Aspherical Lens Market Growth, Trends & Forecasts 2023-2029