Adaptive Optics Market 40.8% CAGR led by Wavefront Sensors to 2023
PUNE, India, September 11, 2017 /PRNewswire/ --
The adaptive optics market is forecast to reach $2,190.9 million by 2023 from $218.8 million in 2016 at a CAGR of 40.8% during (2017-2023) driven by the adoption of adaptive optics in ophthalmology, retinal imaging, increased government funding and growing adoption of adaptive optics technology across various end-user industries says a latest report added to the online store of ReportsnReports.com.
Browse 73 Market Data Tables and 32 Figures spread through 147 Pages and in-depth TOC on "Adaptive Optics Market Global Forecast to 2023" http://www.reportsnreports.com/reports/419759-adaptive-optics-market-by-component-wavefront-sensors-wavefront-modulator-control-system-end-user-consumer-astronomy-military-defense-biomedical-industrial-manufacturing-communication-others-and-geography-global-forecast-to-2020.html .
The military and defense industry held the largest share of the adaptive optics market compared to other end-user industries in 2016. The adaptive optics is used for the development of state-of-the art defense weapons and highly sophisticated guidance systems. These are also used as a method for improving the effectiveness of direct energy weapons. These factors are expected to drive the growth of the adaptive optics market for the military and defense end-user industry.
The adaptive optics market in APAC expected to grow at the highest rate. This report covers the adaptive optics market in Americas, Europe, APAC, and RoW. The growing defense spending from the countries such as China and India and rising professional astronomy in the region is driving the growth of adaptive optics in APAC. Moreover, the industrial and manufacturing industry in APAC is expected to adopt adaptive optics technology in the form of laser cutting and industrial inspection processes, which is likely to further proliferate the growth of adaptive optics in this region.
The companies that are profiled in the report are Teledyne e2v (UK) LTD (UK), NORTHROP GRUMMAN CORPORATION (US), Thorlabs, Inc. (US), Iris AO, Inc. (US), Adaptica S.r.l. (Italy), Active Optical Systems LLC (US), Flexible Optical B.V. (Netherlands), Imagine Optic SA (France), Boston Micro machines Corporation (US), and Phasics Corp. (France).
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The adaptive optics market for wave front sensor is expected to witness the highest CAGR from 2017 to 2023. This is mainly because wave front measurement is required in many optical applications to characterize the profile of optical components or to estimate the aberrations to which the input wave front has been subjected. Similarly, wave front sensing can be used in metrology and microscopy. The most widely used wave front sensor is the Shack-Hartman wave front sensor.
Make an Inquiry on Adaptive Optics Market by Component (Wavefront Sensor, Wavefront Modulator, Control System), End-User Industry (Consumer, Astronomy, Military & Defense, Biomedical, Industrial & Manufacturing, Communication), and Geography - Global Forecast to 2023 research report at http://www.reportsnreports.com/contacts/inquirybeforebuy.aspx?name=419759 .
In the process of determining and verifying, the market size for several segments and sub segments gathered through secondary research, extensive primary interviews were conducted with key people. In Tier 1 (15%), Tier 2 (45%) and Tier 3 (40%) companies were contacted for primary interviews. The interviews were conducted with various key people such as C-Level (65%), Manager Level (25%), and Others (10%) from various key organizations operating in the adaptive optics market. The primary interviews were conducted worldwide covering regions such as North America (25%), Europe (55%), APAC (15%), and RoW (5%).
The report describes various hardware components associated with adaptive optics market and related developments across different industry verticals and regions. It aims at estimating the market size and future growth potential of this market across different segments such as component, end-user industry, and geography. Furthermore, the report also includes an in-depth competitive analysis of the key players in the market along with their company profiles, competitive leadership mapping, recent developments, and key market strategies.
Another research titled Free Space Optics (FSO) and Visible Light Communication (VLC) Market Global Forecast to 2022 says, the free space optics (FSO) market is expected to grow at a CAGR of 41.4% between 2017 and 2022, to reach $1,198.9 million by 2022 from $212.4 million in 2017. The visible light communication (VLC) market is expected to grow at a CAGR of 62.9% between 2017 and 2022, to reach $14.91 billion by 2022 from $1.30 billion in 2017. Healthcare and hazardous environment are expected to be the fastest-growing applications of FSO and VLC markets, respectively, during the forecast period. LED held the largest market share in 2016 but software is expected to be the dominant market of VLC component by 2022. Americas is the largest shareholder, whereas APAC would be the fastest-growing region of the FSO and VLC markets during the forecast period. Companies such as Light Pointe Communications, Inc. (U.S.), fSONA Networks Corp. (Canada), Plaintree Systems Inc. (Canada), Wireless Excellence Ltd. (U.K.), Trimble Hungary Kft. (Hungary) have been profiled in this 190 pages research report available at http://www.reportsnreports.com/reports/214983-global-visible-light-communication-vlc-li-fi-technology-free-space-optics-fso-market-2013-2018-by-component-led-image-sensor-application-indoor-networking-underwater-communication-location-based-service-intelligent-traffic-systems-.html .
Explore more reports on Semiconductor and Electronics Market at http://www.reportsnreports.com/market-research/semiconductor-and-electronics/ .
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SOURCE MarketsandMarkets
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