Market Overview:
The global achromatic lens element market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for telescopes, microscopes, and photographic lenses across the globe. In addition, technological advancements in achromatic lens elements are also contributing to the growth of this market. On the basis of type, convex array is expected to hold major share of global achromatic lens element market during forecast period. This can be attributed to its properties such as high resolution and low distortion that make it suitable for use in optical instruments such as telescopes and microscopes.
Product Definition:
An achromatic lens element is used to correct for chromatic aberration. Chromatic aberration is the phenomenon that causes different colors of light to be focused at different distances from the lens. This can cause images to be blurred or distorted. An achromatic lens element uses two pieces of glass, each with a different refractive index, to correct for this distortion.
Convex Array:
A convex array is a type of lens element that focuses light in a convergent beam. Convex lenses are used to focus images and rays and form an image of surpassing quality due to their ability to gather multiple rays together. The main advantage of using convex lens is that it can be made very small, which reduces the size of the objective lens, hence making it lightweight and cheaper.
Concave Array:
Concave array is a type of lens element that focuses light in a single direction. It's main advantage is that it can focus light on the same spot irrespective of the angle at which it is directed. This property makes them useful for making lenses with high refractive index, high Abbe number and low distortion characteristics. They are used as an alternative to conventional crown glass elements in order to achieve these properties since they are relatively inexpensive and easy to manufacture compared to crown glass elements.
Application Insights:
Telescopes held the largest share of over 70.0% in terms of revenue in 2017. The product is widely used in telescopes owing to its properties such as high resolution, wide field of view and magnification ability. Telescopes are one of the most important application areas for achromatic lens elements due to their increasing usage for optical astronomy, terrestrial observation and space exploration applications across the globe.
The microscope segment is expected to witness significant growth over the forecast period owing to an increase in demand from various laboratories around the world for advanced microscopy techniques including atomic force and electron microscopy among others which require highly refined lenses with high resolving power & accuracy.
Regional Analysis:
North America dominated the global market in 2017. The regional growth is attributed to the presence of major players, such as Nikon Corporation; Carl Zeiss AG; and Leica Microsystems Inc. Moreover, technological advancements coupled with high disposable income are expected to drive product demand over the forecast period.
Asia Pacific is anticipated to witness lucrative growth over the next eight years owing to increasing government initiatives for space exploration and development of advanced microscopes & telescopes in countries such as India and China. In addition, growing medical research activities due to rising prevalence of chronic diseases are expected fuel product demand during this period.
Europe accounted for more than 25% share of global revenue in 2017 owing to its well-established aerospace industry that drives technological advancements across all industries including optics sector from time-to-time For instance.
Growth Factors:
- Increasing demand for smartphones and other portable electronic devices
- Growing awareness about the benefits of using Achromatic Lens Element in optical systems
- Rising demand from medical and defense sectors
- Technological advancements in lens manufacturing process
- Growing popularity of Achromatic Lens Element among consumers
Scope Of The Report
Report Attributes
Report Details
Report Title
Achromatic Lens Element Market Research Report
By Type
Convex Array, Concave Array
By Application
Telescopes, Microscopes, Photographic Lens
By Companies
Esco, Optolife Enterprise Limited, Knight, Go Edmund, Newport, Nanjing Intane Optics, LaCroix, Tower Optical Corporation, Universial Optics, Holmarc, Shanghai Optics, BRD Optical
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
241
Number of Tables & Figures
169
Customization Available
Yes, the report can be customized as per your need.
Global Achromatic Lens Element Market Report Segments:
The global Achromatic Lens Element market is segmented on the basis of:
Types
Convex Array, Concave Array
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
Telescopes, Microscopes, Photographic Lens
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:
- Esco
- Optolife Enterprise Limited
- Knight
- Go Edmund
- Newport
- Nanjing Intane Optics
- LaCroix
- Tower Optical Corporation
- Universial Optics
- Holmarc
- Shanghai Optics
- BRD Optical
Highlights of The Achromatic Lens Element 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:
- Convex Array
- Concave Array
- By Application:
- Telescopes
- Microscopes
- Photographic Lens
- 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 Achromatic Lens Element 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:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Achromatic lens elements are designed to correct color distortion in images.
Some of the key players operating in the achromatic lens element market are Esco, Optolife Enterprise Limited, Knight, Go Edmund, Newport, Nanjing Intane Optics, LaCroix, Tower Optical Corporation, Universial Optics, Holmarc, Shanghai Optics, BRD Optical.
The achromatic lens element market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Achromatic Lens Element 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 Achromatic Lens Element Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Achromatic Lens Element 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 Achromatic Lens Element 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 Achromatic Lens Element Market Size & Forecast, 2020-2028
4.5.1 Achromatic Lens Element Market Size and Y-o-Y Growth
4.5.2 Achromatic Lens Element 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 Convex Array
5.2.2 Concave Array
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 Telescopes
6.2.2 Microscopes
6.2.3 Photographic Lens
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Achromatic Lens Element 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 Achromatic Lens Element 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 Convex Array
9.6.2 Concave Array
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 Telescopes
9.10.2 Microscopes
9.10.3 Photographic Lens
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 Convex Array
10.6.2 Concave Array
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 Telescopes
10.10.2 Microscopes
10.10.3 Photographic Lens
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 Convex Array
11.6.2 Concave Array
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 Telescopes
11.10.2 Microscopes
11.10.3 Photographic Lens
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 Convex Array
12.6.2 Concave Array
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 Telescopes
12.10.2 Microscopes
12.10.3 Photographic Lens
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 Convex Array
13.6.2 Concave Array
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 Telescopes
13.10.2 Microscopes
13.10.3 Photographic Lens
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 Achromatic Lens Element Market: Competitive Dashboard
14.2 Global Achromatic Lens Element Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Esco
14.3.2 Optolife Enterprise Limited
14.3.3 Knight
14.3.4 Go Edmund
14.3.5 Newport
14.3.6 Nanjing Intane Optics
14.3.7 LaCroix
14.3.8 Tower Optical Corporation
14.3.9 Universial Optics
14.3.10 Holmarc
14.3.11 Shanghai Optics
14.3.12 BRD Optical
