PUNE, India, Jan. 21, 2021 (GLOBE NEWSWIRE) -- The Global Adaptive Optics Market Share, Trends, Analysis and Forecasts, 2020-2030 provides insights on key developments, business strategies, research & development activities, supply chain analysis, competitive landscape, and market composition analysis.
The adaptive optics market was worth US$ 220.8 million in 2019 and is expected to reach US$ 542 million by 2030 at a CAGR of 8.5 % through 2030. Adaptive optics is a technology used to improve the overall performance of optical structures by means of reducing the effect of incoming wavefront distortions by deforming a mirror which will catch up on the distortion. It is used in laser communication systems and cosmic telescopes to eliminate the impact of atmospheric distortion, in microscopy, optical manufacture and in retinal imaging frameworks to lessen optical deviations. Adaptive optics works by estimating the distortions in a wavefront and making up for them with a gadget that rectifies those errors such as a liquid crystal array or a deformable mirror.
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Wide range of Applications is Likely to Fuel the Growth of Global Market
Adaptive optics technology has wide range of applications across several end-use industries including spectroscopy, manufacturing, consumer electronics, and military & defense. In May 2019, analysts at U.S. National Eye Institute were utilizing adaptive optics (AO) and vivo fluorescence ophthalmoscopy to catch mosaic patterns made by the retinal color epithelium (RPE) in human. Since past few years, adaptive optics application in clinical sciences such as in the field of ophthalmology and retinal imaging to lessen the optical abnormalities has expanded the demand for the technology. With the increasing interest for adaptive optics, different organizations such as Iris AO Inc. are offering their AO frameworks explicitly intended for the retinal imaging and ophthalmology. Moreover, the technology is gaining traction in military & defense sector for a range of applications including free-space optical communication, satellite imaging, and laser weapons which is anticipated to drive the market growth significantly.
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Wavefront Sensors Segment is Expected to Hold Largest Market Share Throughout the Forecast Period
The wavefront sensors segment occupied highest market share in 2019 and is expected to witness significant growth in forthcoming years. The sensor helps in parting the light into small beams with the help of an array of miniature lenses, named as lenslets. The most commonly used sensor is the Shack-Hartmann Wavefront Sensor owing to its easy manufacturability and simple structure. Some other techniques are also used for wavefront sensing including pyramid sensor and curvature sensors. Although, these sensors have lower adoption rate as compared to Shack-Hartmann Wavefront sensor owing to the complexity associated with these sensors.
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Microscopy Segment Anticipated to Dominate the Global Adaptive Optics Market
Among all the end-users, microscopy segment led the global market and is projected to maintain its leading position over the forecast period. In organic microscopy, In-vivo imaging is critical, since living tissues act as a significant part for examining cell measures,. The major challenge confronted while examining the living tissue is the measure of light, as it can harm the sample and may not provide an enlightened structure. In order to overcome these challenges, adaptive optics is widely used in microscopy. The technology also helps in increasing contrast ratio, signal strength, and resolution.
North America Accounted for Highest Market Share Making it the Dominant Region in Global Market
In terms of revenue, North America is expected to be the largest contributor to global adaptive optics market. The use of cutting-edge innovations in the biomedical area by nations such as the U.S. and Canada is required to move market development in the region. Moreover, extensive research with respect to adaptive optics in different organizations and research centers present in the region is also expected to drive the market growth. For example, the Medical College of Wisconsin is researching adaptive optics under its Advanced Ocular Imaging Program (AOIP). Under this program, a few volunteers have taken an interest to share their bits of knowledge and to comprehend the viable AO in treating retinal illness. For leading research under AOIP, two AO filtering light ophthalmoscope frameworks by Dubra lab have been used. These frameworks come along with several associated advantages regarding vasculature of the retina, the social event of information on photoreceptors, nerve fiber layers, and gathering of data on photoreceptors.
Some of the major players operating in the global adaptive optics market include Phasics Corp, Teledyne e2v, Boston Micromachines Corporation, NORTHROP GRUMMAN CORPORATION, Imagine Optic SA, Thorlabs, Inc., Flexible Optical B.V., Iris AO, Inc., Active Optical Systems, LLC, and Adaptica S.r.l.
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