Market Overview:
The global optical prism market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for common digital equipment, science and technology equipment, medical equipment, and other applications. The right angle prism segment is expected to dominate the global optical prism market during the forecast period owing to its widespread use in various applications. North America is expected to lead the global optical prism market during the forecast period owing to technological advancements and growing demand for common digital equipment in this region.
Product Definition:
An optical prism is a transparent block of material that refracts light. The most common type of optical prism is a triangular prism, which splits white light into its component colors. Optical prisms are used in many optical instruments, such as telescopes and microscopes, to correct the path of light and improve image quality.
Right Angle Prism:
The global right angle prism market size was valued at USD 1.5 billion in 2015 and is expected to grow at a CAGR of XX% over the forecast period on account of its increasing usage in end-use industries such as automotive, construction, electronics & telecom, medical equipment and others.
Diamond Prism:
Diamond Prism is a type of glass that has been processed to create extremely thin and strong transparent prisms. It is manufactured by float zone technology, which separates the float from the main body of glass. The process involves melting and forming a liquid stream that flows into a mold cavity where it solidifies to form an optically qualified product with high transparency, low dispersion, high refractive index along with other properties as per requirement.
Application Insights:
The other application segment includes the equipment used in security, surveillance and reconnaissance. The use of optical prisms in these applications is to collect and focus light for a particular purpose. The common digital equipment segment held the largest market share of over 50% in 2017 owing to its wide usage as an image intensifier for night vision goggles, thermal imaging cameras and laser range finders among others.
The science & technology equipment application segment is expected to grow at a CAGR of XX% from 2018 to 2030 due largely to growing R&D activities by major manufacturers such as Japan¢â‚¬â„¢s Mitsubishi Electric Corporation, Suntory PepsiCo Vietnam Beverage & Food (Holdings) Ltd., Koninklijke Philips N.V., TCL Communication Limited., Hisense Electronics Co., Ltd.; Huawei Technologies Co., Ltd.; ASE Electronics India Pvt. Ltd.
Regional Analysis:
North America dominated the global market in 2017 owing to the presence of a large number of key optical manufacturers such as JEOL, Inc.; Carl Zeiss; Nikon Corporation; and Leica Microsystems. The region is expected to maintain its dominance over the forecast period due to increasing demand for high-performance optics from various end-use industries such as aerospace & defense, automotive, and science & technology.
Asia Pacific is projected to be one of the fastest growing regions during the forecast period owing to rapid industrialization along with increasing adoption in emerging countries like China and India. Furthermore, favorable government initiatives are also anticipated to boost regional growth over next eight years. For instance, ‘Make in India’ initiative by Indian Government will create numerous opportunities for domestic manufacturers which can then compete on international platforms with imported products made using foreign labor at lower costs resulting into higher profits for consumers’ (Srivastava 2015).
Growth Factors:
- Increasing demand for optical prism in the defense and security sector owing to its ability to redirect light beams in a particular direction is expected to drive the growth of the market over the forecast period.
- Growing demand for optical prism from medical and healthcare sector due to its ability to focus light beams is another key factor that is anticipated to fuel market growth during the forecast period.
- Rising adoption of optical prism in consumer electronics products such as smartphones, tablets, and laptops is another major factor that is estimated to propel market growth over the next few years.
- Increasing research and development activities by various players operating in this market are also projected to boost demand for optical prisms during the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Optical Prism Market Research Report
By Type
Right Angle Prism, Diamond Prism, Pentagonal Prism, TIR Prism, Cube Beamsplitter, Roof Prism, Other
By Application
Common Digital Equipment, Science and Technology Equipment, Medical Equipment, Other
By Companies
Edmund Optics, Schott, Sydor Optics, Newport Corporation, Thorlabs, Sigma Optical Machinery Co., Ltd., Kingsview Optical, Precision Optical, Green Optics, Wuhan Teguang Technology Co., Ltd., Changchun Jinlong Optoelectronics, Fujian Kelei Optoelectronics Technology Co., Ltd., Shanghai Guanglian Communication Technology Co., Ltd., Fuzhou Laipu Electronics Co., Ltd.
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
194
Number of Tables & Figures
136
Customization Available
Yes, the report can be customized as per your need.
Global Optical Prism Market Report Segments:
The global Optical Prism market is segmented on the basis of:
Types
Right Angle Prism, Diamond Prism, Pentagonal Prism, TIR Prism, Cube Beamsplitter, Roof Prism, Other
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
Common Digital Equipment, Science and Technology Equipment, Medical Equipment, Other
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:
- Edmund Optics
- Schott
- Sydor Optics
- Newport Corporation
- Thorlabs
- Sigma Optical Machinery Co., Ltd.
- Kingsview Optical
- Precision Optical
- Green Optics
- Wuhan Teguang Technology Co., Ltd.
- Changchun Jinlong Optoelectronics
- Fujian Kelei Optoelectronics Technology Co., Ltd.
- Shanghai Guanglian Communication Technology Co., Ltd.
- Fuzhou Laipu Electronics Co., Ltd.
Highlights of The Optical Prism 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:
- Right Angle Prism
- Diamond Prism
- Pentagonal Prism
- TIR Prism
- Cube Beamsplitter
- Roof Prism
- Other
- By Application:
- Common Digital Equipment
- Science and Technology Equipment
- Medical Equipment
- Other
- 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 Prism 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?
An optical prism is a device that splits light into its component colors by using a series of curved surfaces.
Some of the key players operating in the optical prism market are Edmund Optics, Schott, Sydor Optics, Newport Corporation, Thorlabs, Sigma Optical Machinery Co., Ltd., Kingsview Optical, Precision Optical, Green Optics, Wuhan Teguang Technology Co., Ltd., Changchun Jinlong Optoelectronics, Fujian Kelei Optoelectronics Technology Co., Ltd., Shanghai Guanglian Communication Technology Co., Ltd., Fuzhou Laipu Electronics Co., Ltd..
The optical prism 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 Optical Prism 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 Prism Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Optical Prism 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 Prism 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 Prism Market Size & Forecast, 2020-2028
4.5.1 Optical Prism Market Size and Y-o-Y Growth
4.5.2 Optical Prism 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 Right Angle Prism
5.2.2 Diamond Prism
5.2.3 Pentagonal Prism
5.2.4 TIR Prism
5.2.5 Cube Beamsplitter
5.2.6 Roof Prism
5.2.7 Other
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 Common Digital Equipment
6.2.2 Science and Technology Equipment
6.2.3 Medical Equipment
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Optical Prism 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 Prism 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 Right Angle Prism
9.6.2 Diamond Prism
9.6.3 Pentagonal Prism
9.6.4 TIR Prism
9.6.5 Cube Beamsplitter
9.6.6 Roof Prism
9.6.7 Other
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 Common Digital Equipment
9.10.2 Science and Technology Equipment
9.10.3 Medical Equipment
9.10.4 Other
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 Right Angle Prism
10.6.2 Diamond Prism
10.6.3 Pentagonal Prism
10.6.4 TIR Prism
10.6.5 Cube Beamsplitter
10.6.6 Roof Prism
10.6.7 Other
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 Common Digital Equipment
10.10.2 Science and Technology Equipment
10.10.3 Medical Equipment
10.10.4 Other
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 Right Angle Prism
11.6.2 Diamond Prism
11.6.3 Pentagonal Prism
11.6.4 TIR Prism
11.6.5 Cube Beamsplitter
11.6.6 Roof Prism
11.6.7 Other
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 Common Digital Equipment
11.10.2 Science and Technology Equipment
11.10.3 Medical Equipment
11.10.4 Other
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 Right Angle Prism
12.6.2 Diamond Prism
12.6.3 Pentagonal Prism
12.6.4 TIR Prism
12.6.5 Cube Beamsplitter
12.6.6 Roof Prism
12.6.7 Other
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 Common Digital Equipment
12.10.2 Science and Technology Equipment
12.10.3 Medical Equipment
12.10.4 Other
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 Right Angle Prism
13.6.2 Diamond Prism
13.6.3 Pentagonal Prism
13.6.4 TIR Prism
13.6.5 Cube Beamsplitter
13.6.6 Roof Prism
13.6.7 Other
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 Common Digital Equipment
13.10.2 Science and Technology Equipment
13.10.3 Medical Equipment
13.10.4 Other
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 Prism Market: Competitive Dashboard
14.2 Global Optical Prism Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Edmund Optics
14.3.2 Schott
14.3.3 Sydor Optics
14.3.4 Newport Corporation
14.3.5 Thorlabs
14.3.6 Sigma Optical Machinery Co., Ltd.
14.3.7 Kingsview Optical
14.3.8 Precision Optical
14.3.9 Green Optics
14.3.10 Wuhan Teguang Technology Co., Ltd.
14.3.11 Changchun Jinlong Optoelectronics
14.3.12 Fujian Kelei Optoelectronics Technology Co., Ltd.
14.3.13 Shanghai Guanglian Communication Technology Co., Ltd.
14.3.14 Fuzhou Laipu Electronics Co., Ltd.
