Market Overview:
The global ball lenses market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for ball lenses in optical fibers, optical sensors, and other applications. In terms of type, the glass ball lens segment is expected to lead the global market during the forecast period. This can be attributed to its high transmission efficiency and low cost as compared to other types of ball lenses available in the market. In terms of application, the optical fibers segment is expected to lead the global market duringthe forecast period owingtoits growing demand from various end-use industries such as telecommunications and data centers.
Product Definition:
A ball lens is a small spherical lens, usually made of glass or plastic. It is used to focus light or to increase the power of an optical system.
Glass:
Glass is a transparent, brittle and non-resilient material that is used in the manufacturing of ball lenses. It provides superior optical clarity to the lens and has no effect on visual acuity. The refractive index of glass varies with temperature, making it easier to see in sunlight or brighter lights but difficult to see in low light or total darkness. This property allows it be used as a component in headlights, microscopes and other applications where clarity is important.
Fused Silica:
Fused silica is a type of glass that contains sand in it. The glass has high melting point and low thermal expansion, which makes it ideal for use in making lenses. It also helps to reduce the weight of the lens, along with increasing its optical clarity. These properties make it suitable for use in making sports goggles as well as other types of safety eyewear such as prescription glasses and reading glasses.
Application Insights:
The optical fibers application segment accounted for the largest revenue share in 2016 and is projected to continue its dominance over the forecast period. Optical fibers offer advantages such as high efficiency, low power consumption, small size and lightweight which makes them an ideal solution in a number of applications. The growing demand for smart city development is expected to increase the usage of cameras across optical fiber installations thereby driving up product demand over the forecast period.
The others segment includes cosmetic surgery products, medical devices & equipment, industrial optics and others such as spectacles and reading glasses among other non-optical applications such as goggles and binoculars that use ball lenses made from glass or plastic combined with convex or concave surfaces. Growing spending power of consumers especially in developed regions like North America is anticipated to drive up demand for these products over the coming years.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period. This can be attributed to increasing R&D investments by key players and technological advancements in manufacturing processes, which results into high production of advanced products. In addition, presence of major market players such as Corning Incorporated; Nikon Corporation; Carl Zeiss AG; and Schott Group is also expected to drive growth over the next eight years.
Asia Pacific is anticipated to witness lucrative growth over the forecast period owing to rising demand for technologically advanced products from various end-use industries such as medical & healthcare, industrial cameras, microscopes & vision devices among others are driving regional product demand across countries like China.
Growth Factors:
- Increasing demand for miniaturization in electronics industry
- Rising demand for optical sensors and devices
- Growing application of ball lenses in medical diagnostics and therapeutics
- Proliferation of nanotechnology and optoelectronics industries
- Technological advancements in manufacturing processes
Scope Of The Report
Report Attributes
Report Details
Report Title
Ball Lenses Market Research Report
By Type
Glass, Fused Silica, Others
By Application
Optical Fibers, Optical Sensors, Others
By Companies
Schott, Union Optic Inc, Doric Lenses, ILLUCO, Tower Optical Corporation, Industrial Technologies, II-VI Incorporated, Swiss Jewel Company, Knight Optical, West Coast Tech Limited, Tecnottica Consonni, Z-Optics, UNI Optics Co, Changchun Sunday Optoelectronics Co, UltiTech Sapphire, Fuzhou Alpha Optics Co, Chengdu Yasi Optoelectronics Co, Shanghai Optics Inc
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
243
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Ball Lenses Market Report Segments:
The global Ball Lenses market is segmented on the basis of:
Types
Glass, Fused Silica, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Optical Fibers, Optical Sensors, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Schott
- Union Optic Inc
- Doric Lenses
- ILLUCO
- Tower Optical Corporation
- Industrial Technologies
- II-VI Incorporated
- Swiss Jewel Company
- Knight Optical
- West Coast Tech Limited
- Tecnottica Consonni
- Z-Optics
- UNI Optics Co
- Changchun Sunday Optoelectronics Co
- UltiTech Sapphire
- Fuzhou Alpha Optics Co
- Chengdu Yasi Optoelectronics Co
- Shanghai Optics Inc
Highlights of The Ball Lenses Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Glass
- Fused Silica
- Others
- By Application:
- Optical Fibers
- Optical Sensors
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Ball Lenses Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Ball lenses are a type of eyeglasses that have a round lens shape. They are often used for people who have trouble with other types of eyeglasses because they do not require adjustments or straps.
Some of the major players in the ball lenses market are Schott, Union Optic Inc, Doric Lenses, ILLUCO, Tower Optical Corporation, Industrial Technologies, II-VI Incorporated, Swiss Jewel Company, Knight Optical, West Coast Tech Limited, Tecnottica Consonni, Z-Optics, UNI Optics Co, Changchun Sunday Optoelectronics Co, UltiTech Sapphire, Fuzhou Alpha Optics Co, Chengdu Yasi Optoelectronics Co, Shanghai Optics Inc.
The ball lenses market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Ball Lenses Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Ball Lenses Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Ball Lenses Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Ball Lenses Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Ball Lenses Market Size & Forecast, 2020-2028 4.5.1 Ball Lenses Market Size and Y-o-Y Growth 4.5.2 Ball Lenses Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Glass
5.2.2 Fused Silica
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Optical Fibers
6.2.2 Optical Sensors
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Ball Lenses Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Ball Lenses Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Glass
9.6.2 Fused Silica
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Optical Fibers
9.10.2 Optical Sensors
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Glass
10.6.2 Fused Silica
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Optical Fibers
10.10.2 Optical Sensors
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Glass
11.6.2 Fused Silica
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Optical Fibers
11.10.2 Optical Sensors
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Glass
12.6.2 Fused Silica
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Optical Fibers
12.10.2 Optical Sensors
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Glass
13.6.2 Fused Silica
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Optical Fibers
13.10.2 Optical Sensors
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Ball Lenses Market: Competitive Dashboard
14.2 Global Ball Lenses Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Schott
14.3.2 Union Optic Inc
14.3.3 Doric Lenses
14.3.4 ILLUCO
14.3.5 Tower Optical Corporation
14.3.6 Industrial Technologies
14.3.7 II-VI Incorporated
14.3.8 Swiss Jewel Company
14.3.9 Knight Optical
14.3.10 West Coast Tech Limited
14.3.11 Tecnottica Consonni
14.3.12 Z-Optics
14.3.13 UNI Optics Co
14.3.14 Changchun Sunday Optoelectronics Co
14.3.15 UltiTech Sapphire
14.3.16 Fuzhou Alpha Optics Co
14.3.17 Chengdu Yasi Optoelectronics Co
14.3.18 Shanghai Optics Inc