Market Overview:
The global polymer objective 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 polymer objective lenses in the automotive industry, medical industry, and consumer goods sector. Additionally, the increasing adoption of machine vision applications is also contributing to the growth of this market. However, factors such as high cost and limited availability are restraining the growth of this market. On basis of type, spherical objective lens held a major share of the global polymer objective lenses market in 2017. This can be attributed to their low manufacturing cost and easy availability compared with other types of objective lenses such as aspheric Objective lens . However, aspheric Objective lens are expected to witness higher CAGR during forecast period due their superior optical performance characteristics over spherical Objective lens . On basis on application , automotive industry accounted for majority share in 2017 followed by medical industry . The growing demand for advanced safety features in automobiles along with rising disposable income is driving demand for polymer Objective Lenses In automotive applications .
Product Definition:
A polymer objective lens is a type of objective lens that is made from a polymer material. Polymer objective lenses offer several advantages over other types of objective lenses, including superior optical quality, greater resistance to abrasion and scratches, and enhanced durability. Polymer objective lenses are often used in high-end optical instruments such as microscopes and telescopes.
Spherical Objective Lens:
A spherical objective lens is a type of optical lens that is used to magnify or reduce the size of an image. It can be used for both convergent and divergent purposes. The most common application of these lenses is in microscopes, where they are utilized to increase the magnification power without the need for changing the focal length. They are also widely used in telephoto lenses and aspheric prescriptions, among other applications.
Aspheric Objective Lens:
Aspheric objective lens is a special type of optical lens which is used to correct refractive errors. These lenses are used in the manufacturing process of polymer objective lenses and they help in reducing the spherical aberration, chromatic aberration, and distortion. Aspheric objective lens can be manufactured using different materials such as glass or plastic but it has to meet certain standards set by regulatory authorities across various countries.
Application Insights:
The demand for polymer objective lenses is expected to witness growth in the machine vision industry owing to their low cost, high resolution and superior optical performance. The adoption of these lenses in the machine vision industry is highest in Asia Pacific due to factors such as availability of skilled workforce, technological advancements and an extensive network of production units. In addition, stringent regulations on safety coupled with a growing focus on automation are further anticipated to propel product demand over the forecast period.
Regional Analysis:
North America dominated the global market in 2017 owing to the presence of major players and increased adoption of advanced technologies. The region is expected to maintain its dominance over the forecast period due to increasing demand for ophthalmic care products. Europe accounted for a significant share in terms of revenue, as several companies are involved in strategic initiatives such as collaboration, acquisitions, and new product development. For instance; In February 2018; Zeiss introduced ZEISS LAMINAPATHIC system that provides full-field imaging with 1:1 magnification using an integrated lenticule lens (IL) at ultra-wide field illumination (UWI). This technology can be integrated into any OCT system available on the market today. Asia Pacific is expected to grow at a lucrative CAGR during the forecast period due to rising healthcare expenditure by governments along with growing awareness about ophthalmology disorders & treatment options among patients & physicians especially in developing countries like India and China.
Growth Factors:
- Increasing demand for polymer objective lenses in the medical field for minimally invasive surgeries and diagnostics
- Growing use of polymer objective lenses in defense and security applications due to their lightweight, durable and shatterproof properties
- Rising demand from the consumer electronics sector for high-quality camera lenses with superior image clarity
- Proliferation of 3D printing technology that is enabling the development of customized polymer objective lenses with specific optical properties
- Growing awareness about the benefits of using polymer objective lenses among end users, which is resulting in an increase in adoption across various industries
Scope Of The Report
Report Attributes
Report Details
Report Title
Polymer Objective Lenses Market Research Report
By Type
Spherical Objective Lens, Aspheric Objective Lens
By Application
Automotive Industry, Medical Industry, Consumer Goods, Machine Vision, Other
By Companies
Jenoptik, Edmund Optics, Thorlabs, Newport Corporation, Olympus, Lensation GmbH, Peak Nano, GS Plastic 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
133
Number of Tables & Figures
94
Customization Available
Yes, the report can be customized as per your need.
Global Polymer Objective Lenses Market Report Segments:
The global Polymer Objective Lenses market is segmented on the basis of:
Types
Spherical Objective Lens, Aspheric Objective 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 Industry, Medical Industry, Consumer Goods, Machine Vision, 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:
- Jenoptik
- Edmund Optics
- Thorlabs
- Newport Corporation
- Olympus
- Lensation GmbH
- Peak Nano
- GS Plastic Optics
Highlights of The Polymer Objective 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:
- Spherical Objective Lens
- Aspheric Objective Lens
- By Application:
- Automotive Industry
- Medical Industry
- Consumer Goods
- Machine Vision
- 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 Polymer Objective 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
- 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?
Polymer objective lenses are a type of eyeglasses that are made from polymer. They have a thinner, more flexible frame than traditional eyeglasses and offer better vision because they bend with the eye instead of resisting it. Polymer objective lenses also have a wider viewing angle than other types of glasses, making them ideal for people who need to see in multiple directions at once.
Some of the key players operating in the polymer objective lenses market are Jenoptik, Edmund Optics, Thorlabs, Newport Corporation, Olympus, Lensation GmbH, Peak Nano, GS Plastic Optics.
The polymer objective 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 Polymer Objective 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 Polymer Objective Lenses Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Polymer Objective 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 Polymer Objective 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 Polymer Objective Lenses Market Size & Forecast, 2018-2028
4.5.1 Polymer Objective Lenses Market Size and Y-o-Y Growth
4.5.2 Polymer Objective Lenses Market Absolute $ Opportunity
Chapter 5 Global Polymer Objective Lenses 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 Polymer Objective Lenses Market Size Forecast by Type
5.2.1 Spherical Objective Lens
5.2.2 Aspheric Objective Lens
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Polymer Objective Lenses 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 Polymer Objective Lenses Market Size Forecast by Applications
6.2.1 Automotive Industry
6.2.2 Medical Industry
6.2.3 Consumer Goods
6.2.4 Machine Vision
6.2.5 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Polymer Objective 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 Polymer Objective 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 Polymer Objective Lenses Analysis and Forecast
9.1 Introduction
9.2 North America Polymer Objective Lenses 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 Polymer Objective Lenses Market Size Forecast by Type
9.6.1 Spherical Objective Lens
9.6.2 Aspheric Objective 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 Polymer Objective Lenses Market Size Forecast by Applications
9.10.1 Automotive Industry
9.10.2 Medical Industry
9.10.3 Consumer Goods
9.10.4 Machine Vision
9.10.5 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 Polymer Objective Lenses Analysis and Forecast
10.1 Introduction
10.2 Europe Polymer Objective Lenses 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 Polymer Objective Lenses Market Size Forecast by Type
10.6.1 Spherical Objective Lens
10.6.2 Aspheric Objective 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 Polymer Objective Lenses Market Size Forecast by Applications
10.10.1 Automotive Industry
10.10.2 Medical Industry
10.10.3 Consumer Goods
10.10.4 Machine Vision
10.10.5 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 Polymer Objective Lenses Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Polymer Objective Lenses 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 Polymer Objective Lenses Market Size Forecast by Type
11.6.1 Spherical Objective Lens
11.6.2 Aspheric Objective 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 Polymer Objective Lenses Market Size Forecast by Applications
11.10.1 Automotive Industry
11.10.2 Medical Industry
11.10.3 Consumer Goods
11.10.4 Machine Vision
11.10.5 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 Polymer Objective Lenses Analysis and Forecast
12.1 Introduction
12.2 Latin America Polymer Objective Lenses 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 Polymer Objective Lenses Market Size Forecast by Type
12.6.1 Spherical Objective Lens
12.6.2 Aspheric Objective 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 Polymer Objective Lenses Market Size Forecast by Applications
12.10.1 Automotive Industry
12.10.2 Medical Industry
12.10.3 Consumer Goods
12.10.4 Machine Vision
12.10.5 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) Polymer Objective Lenses Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Polymer Objective Lenses 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) Polymer Objective Lenses Market Size Forecast by Type
13.6.1 Spherical Objective Lens
13.6.2 Aspheric Objective 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) Polymer Objective Lenses Market Size Forecast by Applications
13.10.1 Automotive Industry
13.10.2 Medical Industry
13.10.3 Consumer Goods
13.10.4 Machine Vision
13.10.5 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 Polymer Objective Lenses Market: Competitive Dashboard
14.2 Global Polymer Objective Lenses Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Jenoptik
14.3.2 Edmund Optics
14.3.3 Thorlabs
14.3.4 Newport Corporation
14.3.5 Olympus
14.3.6 Lensation GmbH
14.3.7 Peak Nano
14.3.8 GS Plastic Optics
