Market Overview:
The global optical ball lenses 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 optical sensors and optical fibers across different industries. Additionally, the growing demand for consumer electronics is also contributing to the growth of this market. The global optical ball lenses market can be segmented on the basis of type, application, and region. On the basis of type, the market can be divided into glass, fused silica, and others. The fused silica segment is expected to grow at a higher CAGR than other segments during the forecast period owing to its superior properties such as high thermal stability and low coefficient of thermal expansion (CTE). On the basis of application,the global optical ball lensesmarket can be classified into Optical Fibers, Optical Sensorsand others .
Product Definition:
An Optical Ball Lens is a transparent sphere that is used to focus and redirect light. They are often used in optical instruments such as telescopes and microscopes.
Glass:
Glass is a transparent, brittle and non-resilient material that is used in the manufacturing of optical ball lenses. Optical ball lenses are used for visual acuity testing, intraocular lens (IOL) implantation and refractive surgical procedures.
Fused Silica:
Fused silica is a type of glass that contains silicon and oxygen, along with other impurities. It was first manufactured in 1824 by the Englishman named Charles King. The material has since been used extensively in making optical lenses as it can be easily molded and has a high refractive index (RI). Fused silica is also known as borosilicate glass or just Borosilicate (BS) due to its widespread use in manufacturing such lenses.
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 high transmission efficiency, which makes them suitable for long-distance communication applications. The growing demand for fiber optics in data communication and telecommunication applications is expected to drive growth over the forecast period.
Optical sensors application segment was valued at USD 281 million in 2016 owing to their increasing use in various end-use industries such as automotive, medical equipment, consumer electronics and precision instruments among others. Optical sensors are used as switches or detectors that convert light energy into electrical energy so that a device can process information from an image or sensor input obtained by a camera lens/microphone etc.
Regional Analysis:
North America dominated the global market in 2017 owing to the presence of major optical fiber manufacturers such as Corning Incorporated, and Jabil Circuit, Inc. In addition, growing demand for high-speed internet and advanced communication systems is expected to drive product adoption over the forecast period.
Asia Pacific is projected to be one of the fastest-growing regions during the forecast years on account of rapid industrialization coupled with increasing government investments in telecommunication infrastructure development projects. The Middle East & Africa region is also estimated to witness significant growth over a period of eight years due to rising demand from oil & gas industry for optical sensing applications. Moreover, increasing use in military operations will further propel regional growth during this timeframe.
Growth Factors:
- Increasing demand for miniaturization in consumer electronics and medical devices
- Rising demand for optical lenses in automotive industry
- Growing application of ball lenses in fiber optic communication systems
- Proliferation of LED lighting technology and its growing adoption across various industries
- Technological advancements in the manufacturing of optical ball lenses
Scope Of The Report
Report Attributes
Report Details
Report Title
Optical 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
183
Number of Tables & Figures
129
Customization Available
Yes, the report can be customized as per your need.
Global Optical Ball Lenses Market Report Segments:
The global Optical 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 Optical 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 Optical 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:
- Correctly Positioning New Products
- Market Entry Strategies
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- Product & Brand Management
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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?
Optical ball lenses are a type of lens that use a spherical mirror to direct light. This type of lens is often used in cameras and other optical devices because it has the ability to create an image that is clear and distortion-free.
Some of the major players in the optical 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 optical ball lenses 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 Optical 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 Optical Ball Lenses Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Optical 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 Optical 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 Optical Ball Lenses Market Size & Forecast, 2020-2028
4.5.1 Optical Ball Lenses Market Size and Y-o-Y Growth
4.5.2 Optical 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 Optical 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 Optical 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 Optical Ball Lenses Market: Competitive Dashboard
14.2 Global Optical 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
