Market Overview:
The global high precision asphere market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for high precision aspheres in various applications, such as automotive, cameras, mobile phones and tabs, optical instruments and others. In addition, the growing demand for miniaturized and lightweight devices is also contributing to the growth of this market.
Product Definition:
A high precision asphere is an optical element with a surface that is not perfectly round, but instead curves in many directions. This allows for greater accuracy when focusing light than traditional spherical lenses. High precision aspheres are often used in optical systems requiring high resolution or accuracy, such as microscopes and telescopes.
Glass Aspherical Lens:
Glass aspherical lens is a type of lens that is made from special types of glass. The material composition of this glass makes it very stiff and resistant to deformation, which in turn helps in delivering high precision spherical aberration performance. It also has low Abbe number, high transmission and can be used for making hyper-achromatic lenses.
The global market for glass aspherical lens was valued at USD 557 million in 2015.
Plastic Aspherical Lens:
Plastic aspherical lens is a type of plastic lens that has superior properties such as high resistance to scratch, abrasion and chemicals. It also has low weight, wide temperature range and chemical resistance along with dimensional stability. These lenses are used in manufacturing precision instruments such as optical sensors, micro-machining tools and measuring devices due to their ability to provide high accuracy over a long term measurement.
Application Insights:
The global high precision asphere market is segmented by application into automotive, cameras, mobile phones and tablets, optical instruments and others. The automotive sector accounted for the largest share in 2017 owing to the increasing demand for high precision aspherical lens from various automobile manufacturers. Aspherical lenses are used in numerous applications including exterior mirrors of cars & trucks, headlights of vehicles & aircrafts and interior lights of automobiles. They are also used in camera lenses to correct aberrations or distortions caused due to misalignment between object image plane and sensor/film plane which results in poor quality images or videos.
A large number of smartphones are being launched every year which has led to an increased demand for these products globally. This has positively influenced the growth of this industry as a whole over the past few years since 2014 when this product was first introduced into smartphone manufacturing industry through Google's Nexus 5X phone manufactured by LG Electronics Inc., HTC Corporation.
Regional Analysis:
North America accounted for the largest share of over 35% in 2017. The region is expected to maintain its lead throughout the forecast period owing to high demand from various end-use industries, such as aerospace and defense, automotive, cameras and others. In addition, growing R&D activities by key companies are also contributing towards market growth in this region. For instance; Aspheric Technology Inc., a U.S.-based company is engaged in providing glass aspheres for use in space applications and industrial optics among others.
Asia Pacific is projected to be the fastest-growing regional market with a CAGR of XX% during the forecast period due to rapid technological advancements coupled with increasing disposable income levels especially among middle class population groups in countries like China.
Growth Factors:
- Increasing demand for high precision aspheres in optical systems and devices
- Growing popularity of aspheric lenses in consumer electronics
- Proliferation of advanced manufacturing technologies for producing high precision aspheres
- Rising demand from the medical industry for aspheric lenses in diagnostic and treatment applications
- Growing use of aspherical optics in defense and aerospace applications
Scope Of The Report
Report Attributes
Report Details
Report Title
High Precision Asphere Market Research Report
By Type
Glass Aspherical Lens, Plastic Aspherical Lens
By Application
Automotive, Cameras, Mobile Phones and Tabs, Optical Instrument and Others
By Companies
Nikon Corporation, Canon Inc., Panasonic Corporation, HOYA Corporation, AGC Inc., SCHOTT AG, Carl Zeiss AG, Kinko Optical Co. Ltd., Largan Precision Co., Ltd, Sunny Optical Technology Company Limited, Genius Electronic Optical Co., Ltd., Asia Optical Co., Inc., Tokai Optical Co., 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
170
Number of Tables & Figures
119
Customization Available
Yes, the report can be customized as per your need.
Global High Precision Asphere Market Report Segments:
The global High Precision Asphere market is segmented on the basis of:
Types
Glass Aspherical Lens, Plastic Aspherical Lens
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
Automotive, Cameras, Mobile Phones and Tabs, Optical Instrument and 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:
- Nikon Corporation
- Canon Inc.
- Panasonic Corporation
- HOYA Corporation
- AGC Inc.
- SCHOTT AG
- Carl Zeiss AG
- Kinko Optical Co. Ltd.
- Largan Precision Co., Ltd
- Sunny Optical Technology Company Limited
- Genius Electronic Optical Co., Ltd.
- Asia Optical Co., Inc.
- Tokai Optical Co., Inc.
Highlights of The High Precision Asphere 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 Aspherical Lens
- Plastic Aspherical Lens
- By Application:
- Automotive
- Cameras
- Mobile Phones and Tabs
- Optical Instrument and 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 High Precision Asphere 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
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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?
High precision asphere is a type of precision instrument that uses advanced technology to measure small distances and angles. These instruments are often used in scientific research, manufacturing, and engineering applications.
Some of the key players operating in the high precision asphere market are Nikon Corporation, Canon Inc., Panasonic Corporation, HOYA Corporation, AGC Inc., SCHOTT AG, Carl Zeiss AG, Kinko Optical Co. Ltd., Largan Precision Co., Ltd, Sunny Optical Technology Company Limited, Genius Electronic Optical Co., Ltd., Asia Optical Co., Inc., Tokai Optical Co., Inc..
The high precision asphere market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 High Precision Asphere 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 High Precision Asphere Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 High Precision Asphere 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 High Precision Asphere 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 High Precision Asphere Market Size & Forecast, 2020-2028
4.5.1 High Precision Asphere Market Size and Y-o-Y Growth
4.5.2 High Precision Asphere 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 Aspherical Lens
5.2.2 Plastic Aspherical Lens
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 Automotive
6.2.2 Cameras
6.2.3 Mobile Phones and Tabs
6.2.4 Optical Instrument and Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global High Precision Asphere 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 High Precision Asphere 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 Aspherical Lens
9.6.2 Plastic Aspherical Lens
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 Automotive
9.10.2 Cameras
9.10.3 Mobile Phones and Tabs
9.10.4 Optical Instrument and 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 Aspherical Lens
10.6.2 Plastic Aspherical Lens
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 Automotive
10.10.2 Cameras
10.10.3 Mobile Phones and Tabs
10.10.4 Optical Instrument and 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 Aspherical Lens
11.6.2 Plastic Aspherical Lens
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 Automotive
11.10.2 Cameras
11.10.3 Mobile Phones and Tabs
11.10.4 Optical Instrument and 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 Aspherical Lens
12.6.2 Plastic Aspherical Lens
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 Automotive
12.10.2 Cameras
12.10.3 Mobile Phones and Tabs
12.10.4 Optical Instrument and 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 Aspherical Lens
13.6.2 Plastic Aspherical Lens
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 Automotive
13.10.2 Cameras
13.10.3 Mobile Phones and Tabs
13.10.4 Optical Instrument and 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 High Precision Asphere Market: Competitive Dashboard
14.2 Global High Precision Asphere Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Nikon Corporation
14.3.2 Canon Inc.
14.3.3 Panasonic Corporation
14.3.4 HOYA Corporation
14.3.5 AGC Inc.
14.3.6 SCHOTT AG
14.3.7 Carl Zeiss AG
14.3.8 Kinko Optical Co. Ltd.
14.3.9 Largan Precision Co., Ltd
14.3.10 Sunny Optical Technology Company Limited
14.3.11 Genius Electronic Optical Co., Ltd.
14.3.12 Asia Optical Co., Inc.
14.3.13 Tokai Optical Co., Inc.
