Market Overview:
The global secondary optics 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 LED lighting and rising awareness about energy-efficient lighting solutions. The global secondary optics market is segmented by type, application, and region. By type, the market is divided into reflector, LED secondary lens, and others. The reflector segment accounted for the largest share of the global secondary optics market in 2017 owing to its widespread use in street lighting applications. By application, the market is classified into street lighting, commercial lighting, architectural lighting, indoor lighting automotive Lighting,, and others).
Product Definition:
Secondary optics are devices used to collect and focus light. They are often used in conjunction with optical fibers to transmit light over long distances. Secondary optics can also be used to improve the performance of optical instruments such as microscopes and telescopes.
Reflector:
Reflector is a device used in secondary optics to collect and focus light. It can be used as an optical filter, lens or mirror. The selection depends on the application requirements. They are available in different forms such as a disc, cylinder, membrane and glass bead among others with different coatings to suit varied applications.
LED Secondary Lens:
LED secondary lens is a type of light-emitting diode that is used as an alternative to the traditional glass lens in various applications. The advantages offered by these lenses are expected to drive market growth over the forecast period. These lenses have numerous applications such as they can be used in cameras, smartphones, and other optical instruments for improving image quality and reducing cost. They also offer better color mixing capabilities along with high brightness which is expected to propel their demand over the next seven years.
Application Insights:
The market is segmented by application into street lighting, commercial lighting, architectural lighting, indoor lighting and automotive/other lights. The street lightings application segment dominated the global secondary optics market in 2017 owing to increasing demand for energy-efficient and cost-effective solutions. Street lightings are majorly used for illumination purposes at night time as well as during the day time hours. Increasing awareness among consumers regardingLED technologyas an alternative to HID lamps is expected to drive the product demand over the forecast period.
The commercial building illumination accounted for a significant share of around 20% in 2017 on account of growing LED advertising campaigns by various brands across different media platforms such as billboards & posters, radio & TV advertisements and internet marketing channels worldwide since past few years which has boosted industry growth significantly over past few years globally speaking.
Regional Analysis:
Asia Pacific regional market accounted for the largest share in 2016 and is expected to continue its dominance over the forecast period. The growth can be attributed to increasing government investments in infrastructure development, rising adoption of LED lighting, and growing demand for high-quality products from emerging economies such as China and India. Moreover, increasing disposable income levels coupled with rapid urbanization are anticipated to drive product demand further.
The Asia Pacific region is characterized by a large number of streetlights that need replacement or upgrading owing to aging infrastructure. This has led governments across countries such as Japan, South Korea, Singapore among others to make significant investments in improving public lighting systems through various initiatives such as “Lighting For Life†campaign by Philips Foundation in partnership with UNICEF since 2010 which aims at providing better light access for improved safety & quality of life outcomes especially for women & children who suffer from violence or abuse at home or while walking alone late at night).
Growth Factors:
- Increasing demand for consumer electronics and display devices
- Rising demand for optical components in automobiles
- Growing application of optics in medical imaging and diagnostics
- Proliferation of fiber-optic communication systems
- Advances in nanotechnology and photonics
Scope Of The Report
Report Attributes
Report Details
Report Title
Secondary Optics Market Research Report
By Type
Reflector, LED Secondary Lens, Others
By Application
Street Lighting, Commercial Lighting, Architectural Lighting, Indoor Lighting, Automotive Lighting, Others
By Companies
Ledlink Optics, Carclo Optics, Auer Lighting, LEDIL Oy, FRAEN Corporation, GAGGIONE (Lednlight), Bicom Optics, Darkoo Optics, Aether systems Inc, B&M Optics, Ledlink Optics, HENGLI Optical, Brightlx Limited, Kunrui optical, FORTECH, Chun Kuang Optics, Wuxi Kinglux Glass Lens
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
215
Number of Tables & Figures
151
Customization Available
Yes, the report can be customized as per your need.
Global Secondary Optics Market Report Segments:
The global Secondary Optics market is segmented on the basis of:
Types
Reflector, LED Secondary Lens, 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
Street Lighting, Commercial Lighting, Architectural Lighting, Indoor Lighting, Automotive Lighting, 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:
- Ledlink Optics
- Carclo Optics
- Auer Lighting
- LEDIL Oy
- FRAEN Corporation
- GAGGIONE (Lednlight)
- Bicom Optics
- Darkoo Optics
- Aether systems Inc
- B&M Optics
- Ledlink Optics
- HENGLI Optical
- Brightlx Limited
- Kunrui optical
- FORTECH
- Chun Kuang Optics
- Wuxi Kinglux Glass Lens
Highlights of The Secondary Optics 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:
- Reflector
- LED Secondary Lens
- Others
- By Application:
- Street Lighting
- Commercial Lighting
- Architectural Lighting
- Indoor Lighting
- Automotive Lighting
- 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 Secondary Optics 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
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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?
Secondary optics is a term used to describe the optical components of an optical system that are not the primary lens or mirror. Secondary optics can include filters, prisms, and other devices that modify or redirect light.
Some of the key players operating in the secondary optics market are Ledlink Optics, Carclo Optics, Auer Lighting, LEDIL Oy, FRAEN Corporation, GAGGIONE (Lednlight), Bicom Optics, Darkoo Optics, Aether systems Inc, B&M Optics, Ledlink Optics, HENGLI Optical, Brightlx Limited, Kunrui optical, FORTECH, Chun Kuang Optics, Wuxi Kinglux Glass Lens.
The secondary optics 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 Secondary Optics 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 Secondary Optics Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Secondary Optics 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 Secondary Optics 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 Secondary Optics Market Size & Forecast, 2018-2028
4.5.1 Secondary Optics Market Size and Y-o-Y Growth
4.5.2 Secondary Optics Market Absolute $ Opportunity
Chapter 5 Global Secondary Optics 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 Secondary Optics Market Size Forecast by Type
5.2.1 Reflector
5.2.2 LED Secondary Lens
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Secondary Optics 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 Secondary Optics Market Size Forecast by Applications
6.2.1 Street Lighting
6.2.2 Commercial Lighting
6.2.3 Architectural Lighting
6.2.4 Indoor Lighting
6.2.5 Automotive Lighting
6.2.6 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Secondary Optics 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 Secondary Optics 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 Secondary Optics Analysis and Forecast
9.1 Introduction
9.2 North America Secondary Optics 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 Secondary Optics Market Size Forecast by Type
9.6.1 Reflector
9.6.2 LED Secondary Lens
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 Secondary Optics Market Size Forecast by Applications
9.10.1 Street Lighting
9.10.2 Commercial Lighting
9.10.3 Architectural Lighting
9.10.4 Indoor Lighting
9.10.5 Automotive Lighting
9.10.6 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 Secondary Optics Analysis and Forecast
10.1 Introduction
10.2 Europe Secondary Optics 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 Secondary Optics Market Size Forecast by Type
10.6.1 Reflector
10.6.2 LED Secondary Lens
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 Secondary Optics Market Size Forecast by Applications
10.10.1 Street Lighting
10.10.2 Commercial Lighting
10.10.3 Architectural Lighting
10.10.4 Indoor Lighting
10.10.5 Automotive Lighting
10.10.6 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 Secondary Optics Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Secondary Optics 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 Secondary Optics Market Size Forecast by Type
11.6.1 Reflector
11.6.2 LED Secondary Lens
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 Secondary Optics Market Size Forecast by Applications
11.10.1 Street Lighting
11.10.2 Commercial Lighting
11.10.3 Architectural Lighting
11.10.4 Indoor Lighting
11.10.5 Automotive Lighting
11.10.6 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 Secondary Optics Analysis and Forecast
12.1 Introduction
12.2 Latin America Secondary Optics 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 Secondary Optics Market Size Forecast by Type
12.6.1 Reflector
12.6.2 LED Secondary Lens
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 Secondary Optics Market Size Forecast by Applications
12.10.1 Street Lighting
12.10.2 Commercial Lighting
12.10.3 Architectural Lighting
12.10.4 Indoor Lighting
12.10.5 Automotive Lighting
12.10.6 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) Secondary Optics Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Secondary Optics 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) Secondary Optics Market Size Forecast by Type
13.6.1 Reflector
13.6.2 LED Secondary Lens
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) Secondary Optics Market Size Forecast by Applications
13.10.1 Street Lighting
13.10.2 Commercial Lighting
13.10.3 Architectural Lighting
13.10.4 Indoor Lighting
13.10.5 Automotive Lighting
13.10.6 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 Secondary Optics Market: Competitive Dashboard
14.2 Global Secondary Optics Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Ledlink Optics
14.3.2 Carclo Optics
14.3.3 Auer Lighting
14.3.4 LEDIL Oy
14.3.5 FRAEN Corporation
14.3.6 GAGGIONE (Lednlight)
14.3.7 Bicom Optics
14.3.8 Darkoo Optics
14.3.9 Aether systems Inc
14.3.10 B&M Optics
14.3.11 Ledlink Optics
14.3.12 HENGLI Optical
14.3.13 Brightlx Limited
14.3.14 Kunrui optical
14.3.15 FORTECH
14.3.16 Chun Kuang Optics
14.3.17 Wuxi Kinglux Glass Lens
