Registering a CAGR of 7.2% over the forecast period of 2022-2027, the global High Precision Asphere market is anticipated to reach the market value of 30.47 billion in the year 2027 from 20.50 billion in the year 2022.
The global high precision asphere market was valued at USD 20.50 billion in 2020, and is predicted to grow at a CAGR of 7.2% to reach USD 30.47 billion in 2027. The deployment of high-precision asphere in the mobile phone and automotive industries, as well as the shrinking of cameras used in many industries, are driving market revenue growth. Security agencies' use of body cameras and video surveillance with drones are two more important elements increasing demand for high precision asphere. The global market for high precision aspheres was valued at USD 20.50 billion in 2020, and is predicted to grow at a CAGR of 7.2% to USD 30.47 billion in 2027. The use of high-precision asphere in the mobile phone and automotive industries, as well as the shrinking of cameras used in many industries, are driving market revenue growth. Other important elements increasing demand for high precision asphere include video surveillance using drones and security services' use of body cameras.
The most prominent benefit of aspheres is their capability to decrease spherical aberration, i.e., an optical issue that occurs when occurrence light rays focus on different points while forming an image, subsequent in a blur. It is also a excessive resolution to the problem of astigmatism and Distortion. Further, Aspheres are the most chosen lens by the people who wear eyeglasses as they are lightweight and offer a slimmer & thinner outline.
Along with the number of benefits offered by the asphere lenses over conventional lenses, definite disadvantages connected with it include that it is challenging to manufacture asphere lenses due to their unique configuration and thus comes at a higher cost.
The High Precision Asphere Market is growing at a very fast pace and has seen the focus of many local and regional vendors offering precise application products for multiple end users. The three dependencies for the status of major companies in the market are: company profile, profitable gross margin, the prices they charge. These are the main players in this market includes Nikon Corporation, Canon Inc., Panasonic Corporation, HOYA Corporation, AGC Inc., Schott AG, Carl Zeiss AG, Kinko Optical Co., Ltd., Largan Optical Co, Ltd, Sunny Optical Co.,Ltd., GeniuS Electronic Optical Co., Ltd., Asia Optical Co., Ltd, Tokai Optical Co., Ltd, Seiko Holding Corporation and Tamron Optics Co., Ltd and others.
Panasonic develops mass production technology for Far-Infrared Aspherical Lens with the *world's first integrated frame
Jan 27, 2022: Osaka, Japan - Panasonic Corporation broadcasted that it has developed a technology for the mass production of far-infrared aspherical lenses suitable for improving the performance of cameras and sensors. These lenses are made of chalcogenide glass having excellent transmission characteristics in the far-infrared. In addition to realizing low-cost by newly developed glass molding method and mold processing technology, Panasonic is now able to offer a variety of lenses such as diffractive lens, the world's first* highly hermetic frame-integrated lens without using adhesive.
High Precision Asphere Market is segmented based on the type, applications, companies and regions.
By Type, it is segmented into
By Applications it is segmented into
North America held the major share in the Global High Precision Asphere Market in previous year and is likely to maintain its dominance over the forecast period. The United States and Canada have a powerful infrastructure for healthcare as well as for the automotive market. Additionally, these countries have several primary industrial companies owing to supportive government policies, thereby driving the High Precision Asphere market growth in the region.
The High Precision Asphere Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global High Precision Asphere Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
What is our High Precision Asphere Market report scope?
Report Attributes
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Report Details |
Forecast Period 2022 to 2027 CAGR |
CAGR of 7.2% during the review period (2022 to 2027). |
By Type |
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By Application |
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By Companies
| Nikon Corporation, Canon Inc., Panasonic Corporation, HOYA Corporation, AGC Inc., Schott AG, Carl Zeiss AG, Kinko Optical Co., Ltd., Largan Optical Co, Ltd, Sunny Optical Co.,Ltd., GeniuS Electronic Optical Co., Ltd., Asia Optical Co., Ltd, Tokai Optical Co., Ltd, Seiko Holding Corporation and Tamron Optics Co., Ltd |
Regions Covered
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Countries Covered |
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Base Year
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2022 |
Historical Year
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2017 to 2022 |
Forecast Year
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2022 to 2027 |
Customization Available
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Yes, the report can be customized as per your needs |
All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.
What is the study period of this market?
The High Precision Asphere Market is studied from 2017 - 2027.
What is the growth rate of High Precision Asphere Market?
The High Precision Asphere Market is growing at a CAGR of 7.2% over the next 5 years.
Who are the key players in High Precision Asphere Market?
Nikon Corporation, Canon Inc., Panasonic Corporation, HOYA Corporation, AGC Inc., Schott AG, Carl Zeiss AG, Kinko Optical Co., Ltd., Largan Optical Co, Ltd, Sunny Optical Co.,Ltd., GeniuS Electronic Optical Co., Ltd., Asia Optical Co., Ltd, Tokai Optical Co., Ltd, Seiko Holding Corporation and Tamron Optics Co., Ltd
What region does this High Precision Asphere Market report covers?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
What are the significant types of High Precision Asphere Market?
Glass Aspherical Lens, Plastic Aspherical Lens
What are the major end-use applications of High Precision Asphere Market?
Automotive, Cameras, Mobile Phones and Tabs, Optical Instrument
SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
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