Market Overview:
The global micro lenses market is expected to grow at a CAGR of 6.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for miniaturized and high-performance devices, rising adoption of advanced imaging technologies, and growing demand for optical components in automotive and medical applications. Based on type, the global micro lenses market is segmented into N-BK7, ZnS, fused silica, silicon, and others. N-BK7 accounted for the largest share of the global micro lenses market in 2017 owing to its superior properties such as dimensional stability under thermal stress and good surface finish. Based on application, digital cameras accounted for the largest share of the global micro lenses market in 2017 owing to their widespread use across consumer electronics products.
Product Definition:
Micro Lenses are tiny lenses that are used to magnify images. They are often used in microscopes and other scientific instruments. Micro Lenses can also be used to improve the image quality of digital cameras and smartphones.
N-BK7:
N-BK7 is a rare earth ionic liquid that belongs to the family of compounds with low electronegativity. It has a high boiling point and low vapor pressure. The compound exhibits properties such as high thermal stability, corrosion resistance, and excellent lubricity which makes it an ideal material for use in micro lenses market.
ZnS:
ZnS is a special type of zinc sulfide, which has the ability to refract light as a micro lens. It can be used in place of glass lenses in many applications such as microscopes and binocular lenses. ZnS has been replacing the traditional glass lens owing to its properties such as high resistance towards chemicals and temperature, lightweight, low cost etc.
Application Insights:
The novel imaging systems for photocopiers segment held the largest revenue share in 2015. This is due to the increasing demand for high-quality lenses and solutions by various industries including photocopy machines, scanners, and printers. The medical technology segment is expected to grow at a lucrative rate during the forecast period owing to rising product usage in ophthalmic equipment such as readers, microscopes, surgical lasers systems and cameras.
Telecommunication application was one of the major segments that accounted for revenue share less than 20% in 2015 owing to low penetration of telecommunication infrastructure coupled with growing adoption of digital technologies across developing countries such as India & China. However, it is anticipated that this industry will witness significant growth over next few years on account of increasing demand from customers including mobile manufacturers & service providers along with government initiatives towards improving telecom infrastructure which would result into increased utilization of micro lenses over next few years.
Regional Analysis:
North America dominated the global market in 2017 owing to the presence of major players such as Bausch & Lomb, Inc.; Carl Zeiss Meditec; and Ophtecs Corporation. The region is expected to maintain its dominance over the forecast period due to increasing demand for bifocal and trifocal lenses.
Asia Pacific is projected to be one of the fastest-growing regions during the forecast period owing to an increase in disposable income, high population growth rate, improved living standards due to rapid economic development coupled with a large youth population seeking cosmetic improvement in vision correction surgery. China led this regional market followed by India on account of rising awareness about vision correction surgeries along with growing healthcare expenditure levels in these countries. In addition, increasing investments by key players for research & development activities are also contributing toward industry growth across Asia Pacific region.
Growth Factors:
- Increasing demand for miniaturized and high-performance devices: Micro lenses are used in a wide range of applications such as optical sensors, displays, and projectors. The growing demand for these devices is driving the growth of the micro lens market.
- Rising demand from the medical sector: Micro lenses are finding increasing application in medical imaging and diagnostics. This is due to their ability to provide high-resolution images with low distortion levels. This is driving the growth of the micro lens market in the medical sector.
- Growing use of micro lenses in automotive applications: Automotive manufacturers are increasingly using micro lenses in headlamps, taillights, and other lighting systems to improve performance and aesthetics. This is driving the growth of the micro lens market in automotive applications.
Scope Of The Report
Report Attributes
Report Details
Report Title
Micro Lenses Market Research Report
By Type
N-BK7, ZnS, Fused Silica, Silicon, Others
By Application
Digital Cameras, Novel Imaging Systems for Photocopiers, Telecommunications, Automotive, Lighting and Energy, Medical Technology, Others
By Companies
Nikon, SIGMAKOKI, II-VI, Newport, Laser-Laboratorium Göttingen e.V. (LLG), Kayaku Advanced Materials, OFP, Aven Tools, SUMITA OPTICAL GLASS, Zygo, SUSS MicroOptics, HOLO/OR, FISBA, Precision Optics Corporation(POC), Edmund Optics, Thorlabs, Fuzhou Alpha Optics
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
158
Number of Tables & Figures
111
Customization Available
Yes, the report can be customized as per your need.
Global Micro Lenses Market Report Segments:
The global Micro Lenses market is segmented on the basis of:
Types
N-BK7, ZnS, Fused Silica, Silicon, 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
Digital Cameras, Novel Imaging Systems for Photocopiers, Telecommunications, Automotive, Lighting and Energy, Medical Technology, 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
- SIGMAKOKI
- II-VI
- Newport
- Laser-Laboratorium Göttingen e.V. (LLG)
- Kayaku Advanced Materials
- OFP
- Aven Tools
- SUMITA OPTICAL GLASS
- Zygo
- SUSS MicroOptics
- HOLO/OR
- FISBA
- Precision Optics Corporation(POC)
- Edmund Optics
- Thorlabs
- Fuzhou Alpha Optics
Highlights of The Micro 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:
- N-BK7
- ZnS
- Fused Silica
- Silicon
- Others
- By Application:
- Digital Cameras
- Novel Imaging Systems for Photocopiers
- Telecommunications
- Automotive
- Lighting and Energy
- Medical Technology
- 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 Micro 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.
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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?
Micro lenses are a type of lens that are smaller than standard lenses. They are used to improve the clarity and definition of images. Micro lenses can be found in eyeglasses, contact lenses, and sunglasses.
Some of the major players in the micro lenses market are Nikon, SIGMAKOKI, II-VI, Newport, Laser-Laboratorium G¶ttingen e.V. (LLG), Kayaku Advanced Materials, OFP, Aven Tools, SUMITA OPTICAL GLASS, Zygo, SUSS MicroOptics, HOLO/OR, FISBA, Precision Optics Corporation(POC), Edmund Optics, Thorlabs, Fuzhou Alpha Optics.
The micro lenses market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Micro 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 Micro Lenses Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Micro 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 Micro 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 Micro Lenses Market Size & Forecast, 2020-2028
4.5.1 Micro Lenses Market Size and Y-o-Y Growth
4.5.2 Micro 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 N-BK7
5.2.2 ZnS
5.2.3 Fused Silica
5.2.4 Silicon
5.2.5 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 Digital Cameras
6.2.2 Novel Imaging Systems for Photocopiers
6.2.3 Telecommunications
6.2.4 Automotive
6.2.5 Lighting and Energy
6.2.6 Medical Technology
6.2.7 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Micro 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 Micro 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 N-BK7
9.6.2 ZnS
9.6.3 Fused Silica
9.6.4 Silicon
9.6.5 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 Digital Cameras
9.10.2 Novel Imaging Systems for Photocopiers
9.10.3 Telecommunications
9.10.4 Automotive
9.10.5 Lighting and Energy
9.10.6 Medical Technology
9.10.7 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 N-BK7
10.6.2 ZnS
10.6.3 Fused Silica
10.6.4 Silicon
10.6.5 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 Digital Cameras
10.10.2 Novel Imaging Systems for Photocopiers
10.10.3 Telecommunications
10.10.4 Automotive
10.10.5 Lighting and Energy
10.10.6 Medical Technology
10.10.7 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 N-BK7
11.6.2 ZnS
11.6.3 Fused Silica
11.6.4 Silicon
11.6.5 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 Digital Cameras
11.10.2 Novel Imaging Systems for Photocopiers
11.10.3 Telecommunications
11.10.4 Automotive
11.10.5 Lighting and Energy
11.10.6 Medical Technology
11.10.7 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 N-BK7
12.6.2 ZnS
12.6.3 Fused Silica
12.6.4 Silicon
12.6.5 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 Digital Cameras
12.10.2 Novel Imaging Systems for Photocopiers
12.10.3 Telecommunications
12.10.4 Automotive
12.10.5 Lighting and Energy
12.10.6 Medical Technology
12.10.7 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 N-BK7
13.6.2 ZnS
13.6.3 Fused Silica
13.6.4 Silicon
13.6.5 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 Digital Cameras
13.10.2 Novel Imaging Systems for Photocopiers
13.10.3 Telecommunications
13.10.4 Automotive
13.10.5 Lighting and Energy
13.10.6 Medical Technology
13.10.7 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 Micro Lenses Market: Competitive Dashboard
14.2 Global Micro Lenses Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Nikon
14.3.2 SIGMAKOKI
14.3.3 II-VI
14.3.4 Newport
14.3.5 Laser-Laboratorium Göttingen e.V. (LLG)
14.3.6 Kayaku Advanced Materials
14.3.7 OFP
14.3.8 Aven Tools
14.3.9 SUMITA OPTICAL GLASS
14.3.10 Zygo
14.3.11 SUSS MicroOptics
14.3.12 HOLO/OR
14.3.13 FISBA
14.3.14 Precision Optics Corporation(POC)
14.3.15 Edmund Optics
14.3.16 Thorlabs
14.3.17 Fuzhou Alpha Optics
