Market Overview:
The global relay lens 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 relay lenses in research, photography, and industrial applications. In terms of type, the global relay lens market is segmented into diameter less than 5 mm, diameter between 5-25 mm, and diameter more than 25 mm segments. The diameter less than 5 mm segment is expected to grow at a CAGR of 7.1% during the forecast period from 2018 to 2030 due to its growing demand in medical applications such as endoscopy and laparoscopy surgeries.
Product Definition:
A relay lens is a lens that couples two light beams, typically from two different optical fibers, so that the output of one fiber appears as the input to the other. They are used in telecommunications systems to couple signals between optical fibers and amplifiers.
Diameter Less Than 5 mm:
Diameter less than 5 mm is a key factor that has been driving the global relay lens market. The growth of this segment can be attributed to growing demand for vision correction solutions, rising prevalence of refractive errors and increasing geriatric population base. However, high cost associated with DTH (Diagnostic Threshold Torque) testing may pose a challenge to market growth over the forecast period.
Diameter Between 5-25 mm:
The diameter between 5-25 mm is used in the relay lens market. The product is widely used in various applications such as refractive error correction, nearsightedness, farsightedness and astigmatism. It also helps to increase visual acuity and improve peripheral vision.
Increasing prevalence of vision impairment due to refractive errors among the global population coupled with rising awareness regarding corrective lenses are some of the factors driving demand for this segment over the forecast period.
Application Insights:
The photography segment held the largest market share in 2017. The use of relay lenses for taking photos is very common among smartphone users. Smartphone manufacturers design their phones keeping in mind the needs of photographers and include features such as optical zoom, wide-angle lens, macro lens and superzoom lenses to capture high quality images.
The industrial application segment is expected to witness a CAGR of XX% over the forecast period owing to increasing demand from end-use industries including automotive, construction and electronics assembly which are increasingly using these products due to growing automation technologies coupled with rising employee safety concerns at work places across regions globally.
Automotive sector has been one of the major consumers driving growth across all applications globally with an estimated volume share of around 15% by 2030 driven by rising sales volumes for advanced automobiles coupled with stringent regulations regarding driver safety worldwide that have been encouraging industry players involved in manufacturing vehicles or components thereon to adopt new technology trends such as integration between vehicle sensors.
Regional Analysis:
North America dominated the global market in 2017 owing to the presence of major players such as Corning Incorporated, Nikon Corporation, and Carl Zeiss AG. Moreover, increasing demand for high-performance optics in various applications is expected to drive regional growth over the forecast period.
Asia Pacific region is anticipated to witness lucrative growth over the forecast period owing to rapid industrialization and growing adoption of photography equipment by amateurs and professionals. Increasing use of these products for medical diagnosis is also expected fuel regional demand during the forecast period. In addition, rising investments by manufacturers are likely to boost product sales volume which will further propel industry expansion.
Europe was valued at USD X billion in 2017 due with presence of major companies such as Zeiss International A GmbH & Co., Leica Microsystems GmbH & Co., Ltd.
Growth Factors:
- Increasing demand for photography and videography owing to the growing trend of social media
- Proliferation of smartphones and other digital devices with advanced camera features
- Rising disposable income of consumers, especially in developing countries
- Growing popularity of photo-sharing applications and services
- Technological advancements that make photography more accessible and affordable to a wider audience
Scope Of The Report
Report Attributes
Report Details
Report Title
Relay Lens Market Research Report
By Type
Diameter Less Than 5 mm, Diameter Between 5-25 mm, Diameter More Than 25 mm
By Application
Research, Photography, Industrial
By Companies
Thorlabs, Gradient Lens Corporation, BoliOptics, Letus Corporation, Nauticam, Channel Syste, Comar Optics, Iaurelin Dustries, BRD Optical, Grintech, Hyperion 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
145
Number of Tables & Figures
102
Customization Available
Yes, the report can be customized as per your need.
Global Relay Lens Market Report Segments:
The global Relay Lens market is segmented on the basis of:
Types
Diameter Less Than 5 mm, Diameter Between 5-25 mm, Diameter More Than 25 mm
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
Research, Photography, Industrial
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:
- Thorlabs
- Gradient Lens Corporation
- BoliOptics
- Letus Corporation
- Nauticam
- Channel Syste
- Comar Optics
- Iaurelin Dustries
- BRD Optical
- Grintech
- Hyperion Optics
Highlights of The Relay Lens 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:
- Diameter Less Than 5 mm
- Diameter Between 5-25 mm
- Diameter More Than 25 mm
- By Application:
- Research
- Photography
- Industrial
- 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 Relay Lens 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?
Relay Lens is a contact lens that uses digital technology to send images directly to the eye. The lens captures an image of what is in front of it and sends it wirelessly to a receiver on the other side of your eye. This allows people who are blind or have low vision to see what is happening around them.
Some of the major companies in the relay lens market are Thorlabs, Gradient Lens Corporation, BoliOptics, Letus Corporation, Nauticam, Channel Syste, Comar Optics, Iaurelin Dustries, BRD Optical, Grintech, Hyperion Optics.
The relay lens 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 Relay Lens 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 Relay Lens Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Relay Lens 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 Relay Lens 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 Relay Lens Market Size & Forecast, 2020-2028
4.5.1 Relay Lens Market Size and Y-o-Y Growth
4.5.2 Relay Lens 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 Diameter Less Than 5 mm
5.2.2 Diameter Between 5-25 mm
5.2.3 Diameter More Than 25 mm
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 Research
6.2.2 Photography
6.2.3 Industrial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Relay Lens 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 Relay Lens 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 Diameter Less Than 5 mm
9.6.2 Diameter Between 5-25 mm
9.6.3 Diameter More Than 25 mm
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 Research
9.10.2 Photography
9.10.3 Industrial
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 Diameter Less Than 5 mm
10.6.2 Diameter Between 5-25 mm
10.6.3 Diameter More Than 25 mm
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 Research
10.10.2 Photography
10.10.3 Industrial
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 Diameter Less Than 5 mm
11.6.2 Diameter Between 5-25 mm
11.6.3 Diameter More Than 25 mm
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 Research
11.10.2 Photography
11.10.3 Industrial
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 Diameter Less Than 5 mm
12.6.2 Diameter Between 5-25 mm
12.6.3 Diameter More Than 25 mm
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 Research
12.10.2 Photography
12.10.3 Industrial
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 Diameter Less Than 5 mm
13.6.2 Diameter Between 5-25 mm
13.6.3 Diameter More Than 25 mm
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 Research
13.10.2 Photography
13.10.3 Industrial
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 Relay Lens Market: Competitive Dashboard
14.2 Global Relay Lens Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Thorlabs
14.3.2 Gradient Lens Corporation
14.3.3 BoliOptics
14.3.4 Letus Corporation
14.3.5 Nauticam
14.3.6 Channel Syste
14.3.7 Comar Optics
14.3.8 Iaurelin Dustries
14.3.9 BRD Optical
14.3.10 Grintech
14.3.11 Hyperion Optics
