Adaptive Optics Market – Growth, Trends, And Forecast (2020 – 2025)
Adaptive Optics market has been thoroughly scrutinized and then carefully demarcated by geographic locations which are based on major economic regions and their topographical regions. Growing competition and the changing market dynamics has been highlighted. Aggressive market players are profiled with attributes of company overview, financial overview, business strategies, product portfolio and recent developments. The Market share and Market size prominent players for 2020 to 2025 are profiled in this report.
The Adaptive Optics market is highly competitive and consists of a number of major players: Flexible Optical B.V., Boston Micromachines Corporation, Imagine Optics Inc., Northrop Grumman Corporation, Phasics SA, ALPAO, Thorlabs, Inc., Iris AO Inc., Active Optical Systems, CILAS Ariane Group, Optos Plc, AKA Optics SAS, Trex Enterprises
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Scope of the Report
The adaptive optics market is expected to register a growth at a CAGR of 38.9% in the forecast period 2020-2025. Adaptive optics technology has been used to improve the performance of optical systems by reducing the effect of incoming wavefront distortions by deforming a mirror in order to compensate for the distortion. Researchers have found the applications of adaptive optics systems across the industries, including manufacturing and spectroscopy. In May 2019, researchers at U.S. National Eye Institute were using vivo fluorescence ophthalmoscopy and adaptive optics (AO) to capture mosaic patterns created by the retinal pigment epithelium (RPE) in human.
Key Market Trends
Application in the Field of Astronomy is Expected to Grow Significantly
– Over the last twenty years, several exoplanets have been found, and their study has become a high priority in the scientific field. Direct imaging of nearby these exoplanets and the surrounding in which they form and evolve is challenging due to the smaller angular separation relative to the central star and high contrast ratio. To tackle these challenges, ground-based telescopes are needed to be equipped with adaptive optics systems optimized to get high-contrast images.
– In January 2020, National Science Foundation (NSF) newest Inouye Solar 4-meter Telescope produces the first image that uses adaptive optics to compensate for blurring created by Earths atmosphere.
– Europe commenced the European Extremely Large Telescope (ELT) project to build the largest telescope for the study of the universe. The project is expected to complete by the year 2024 and will make extensive use of adaptive optics systems to gather 13 times lighter images possible today.
– In February 2020, ESO has given a contract to CILAS, in adaptive optics to built deformable mirrors for several instruments on ESO telescopes. CILAS will support research and technological development in Europe and ensure the availability of necessary technology for ESO telescopes.
– Furthermore, in February 2020, researchers from First Light Imaging (Meyreuil, France), Aix Marseille University (Marseille, France), and the University Grenoble Alpes (Grenoble, France) have created a SWIR camera for AO that has low noise for free-space optical communications that runs at 600 frames per second (fps) and has low size, weight, and power (SWaP) as well as low cost.
– With such more projects to come in the recent future the demand for adaptive optics sytems is expected to grow significantly in the astronomy industry.
North America Region to Witness a fastest Growth
– Adaptive optics were historically developed for and are still being used extensively in defense applications across the world. The United States, with its high defense budgets and well-developed industrial defense complex, continue to use technologies like adaptive optics for developing high energy laser systems along with other applications. American defense spending is expected to continue to remain very high, and it is expected to drive the development of modern defense technology using adaptive optics.
– In addition to the Defense applications, the astronomical community has been an early adopter of this technology once it was declassified. The 200-inch Hale Telescope in California uses a laser in its adaptive optics system to correct the effects of atmospheric turbulence and enhance the capabilities of the telescope.
– There continues to be extensive research on the applications of adaptive optics in the field of healthcare across the universities and research laboratories of the North American region. The Institute of Optics, University of Rochester (USA), started by studying the potential for application of adaptive optics in ophthalmology and to correct most of the eye’s aberrations to image the living human eye at high resolution and the trend has caught up with a number of universities investing resources to study applications of adaptive optics.
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What are the market factors that are explained in the report?
–Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.
–Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
–Analytical Tools: Adaptive Optics Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, feasibility study, and investment return analysis have been used to analyzed the growth of the key players operating in the market.
The research includes historic data from 2015 to 2020 and forecasts until 2026 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.
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