The Adaptive Optics Global Market was assessed at USD 215.7 million in 2017 and is projected to reach USD 1,089.6 million in 2023 at a staggering CAGR of 31.3%. Adaptive optics (AO) use a blend of complex sets of deformable mirrors for correcting distorted images in real-time from the earth’s atmosphere. Adaptive optics solution enables the operator to obtain better details of the subject located far from the source. The high definition mirrors are controlled by a system or a computer to get possibly sharper images. Adaptive optics operates at a frequency of nearly 1000 Hz. At this frequency rate, it becomes a challenge to modify the primary mirror used in the system due to the difficulties caused by vibrations, and a secondary mirror is utilized in addition to other optical components to overcome these challenges. These mirrors are connected to computers for calculation.
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The importance of these images is higher in numerous industry verticals such as aerospace & defense, healthcare, and industrial manufacturing sectors. Adaptive Optics is used in microscopy, retinal imaging systems, astronomical applications, and optical fabrication, among others, and is useful in decreasing optical issues by recompensing for optical distortions. Adaptive optics was primarily applied in retinal imaging, and technological advancements have enabled its applications in other sectors.
One major growth factor driving the adaptive optics market is the increasing investment in research and development of optical solutions and advanced optics. Also, the rising demand for adaptive optics in the healthcare segment and high application of adaptive optics in numerous sectors and industries adds to the market growth. Designs which include adaptive optics are highly composite and require high skill which is lacking to some extent, thus restraining market growth. Moreover, the high preliminary cost of investment is expected to impact the market negatively. However, the development that is ongoing in the AO technology and demand for sharp and properly corrected images is likely to reveal opportunities in the coming years.
Adaptive Optics Market Key Players
Key Players of the global adaptive optics market are Aplegen Inc. (US), Benchmark Electronics Inc. (US), Boston Micromachines Corporation (US), Thorlabs Inc. (US), Northrop Grumman Corporation (US), Synopsys Optical Solution Group (US), Adaptive Optics Associates Inc. (US), Phasics Corp. (France), Holoeye Photonics AG (Germany), and Sacher Lasertechnik Gmbh (Germany). These market players focus on escalating their market reach into emerging economies by merging with companies operating locally in top regions.
Other players in the adaptive optics market include Iris AO Inc. (US), Active Optical Systems LLC (US), Edmund Optics Inc. (US), Teledyne e2v Ltd (UK), Adaptica S.r.l. (Italy), Flexible Optical B.V. (Netherlands), and Imagine Optic SA (France). These players primarily focus on research and development to transform new products and enhance their performance which enables them to stay competitive in the adaptive optics market.
Latest Industry News
- Australian Astronomical Optics consortium members – the Australian National University and Macquarie University are designing a USD 23.02 Mn adaptive optics system for one of the world’s most powerful ground-based optical telescope.
- The National Eye Institute is adopting adaptive optics and combining it with angiography to see live neurons in retinal imaging research.
Adaptive Optics Market Segmental Analysis
The AO market is segmented on the basis of the component, type, end-user, and region.
By component, the market is segmented into wave-front sensors, mirrors, wave-front modulator, control systems, and others. By type, the AO market is segmented into ground-layer adaptive optics (GLAO), laser guide star adaptive optics (LGAO), multi-object adaptive optics (MOAO), multi-conjugate adaptive optics (MCAO), natural guide star adaptive optics (NGAO). By end-user, the AO market is segmented into military & defense, manufacturing, healthcare, consumer electronics, IT & telecommunication, and others. Based on the region, the global adaptive optics market is segmented into North America, Europe, Asia-Pacific, and the rest of the world.
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Adaptive Optics Market Regional Analysis
North America is the dominating regional market for adaptive optics due to extensive application scope of adaptive optics in various industries. In North America, the significant market share is acquired by countries like the US and Canda owing to continuous development in optics and related technologies. These countries are recognized as the early adopters of adaptive optics solutions in North America as well as globally. Furthermore, the healthcare sector in the United States is advancing at a rapid pace, and the use of optics in healthcare applications has also increased. In addition to this, the governments in these countries have acknowledged the need for effective optical resolutions that profit various industrial verticals operating in this market.
Alternatively, Europe closely follows behind North America in the adoption of adaptive optic solutions. Many companies in Europe are investing and partnering with leading optics enterprises to have a cohesive solution with their product line-up. Adaptive optics technology presents a potential opportunity for several enterprises, industries, and governments in Europe.
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