Market Overview:
The global optical plastic 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 cameras, automotive, mobilephones, and surveillance applications. Additionally, the growing demand for aspherical lenses is also contributing to the growth of this market. However, factors such as high cost and lack of awareness about these lenses are restraining its growth. On the basis of type, spherical lenses accounted for a major share of the global optical plastic lens market in 2017. This can be attributed to their low cost and wide acceptance among consumers across different applications such as cameras, automotive components, mobilephones etcetera .
Product Definition:
An optical plastic lens is a type of lens that is made from a type of plastic that has been specifically designed for use in optics. Optical plastic lenses are often used in place of traditional glass lenses, as they are much lighter and less likely to shatter than glass. Additionally, optical plastic lenses can be molded into a variety of shapes, making them ideal for use in devices such as cameras and telescopes.
Spherical Lens:
Spherical lens is a type of optical lens which can be used to correct aberrations and provide a uniform image. Spherical lenses are used in various applications such as microscopes, cameras, surveillance systems, etc. The technology has been around for quite some time; however the recent boom in the Internet of Things (IoT) has led to increased adoption of spherical lenses for efficient transmission and collection of data across multiple devices.
Aspherical Lens:
Aspherical lens is used to correct spherical aberration and has a wide range of applications in optical instruments. It’s major application includes correcting the distortion caused by an optical instrument at high power. Aspheric lens are manufactured using different types of materials such as glass, plastic and combined use of both.
Application Insights:
The cameras application segment accounted for the largest share of over 40.0% in 2017 and is projected to witness significant growth during the forecast period. The increasing use of plastic lenses in digital cameras has led to an increase in demand for these products, which, in turn, is expected to drive market growth over the coming years.
Camera manufacturers are focusing on developing innovative products with advanced features and technology that can help consumers take better quality photos even under low light conditions or capture moving objects easily by using a long-range lens. Optical plastic lenses have various advantages such as they are lightweight; offer high durability; reduce glare while shooting under bright sunlight; and cost less than glass counterparts.
Regional Analysis:
North America dominated the global market in 2017 owing to the presence of major players such as Corning, Nikon Corporation, and Carl Zeiss AG. The region is expected to maintain its dominance over the forecast period due to increasing demand for high-quality optical plastic lenses from various end-use industries such as surveillance and camera.
The Asia Pacific regional market is anticipated to witness significant growth over the forecast period owing to an increase in disposable income coupled with growing consumer awareness regarding advanced products and solutions. Furthermore, a rise in investments by key industry players for production expansion will drive product demand further. For instance, In January 2018, Aspherica Inc., a provider of optics technology based out of Japan announced about expanding its operations within China through acquisitions or new partnerships with local companies willing to invest in this sector.
Growth Factors:
- Increasing demand for smart phones and tablets
- Rising disposable income of consumers in developing countries
- Proliferation of digital content and the need for high-resolution images
- Growing popularity of wearable devices
- Technological advancements in optical lens manufacturing
Scope Of The Report
Report Attributes
Report Details
Report Title
Optical Plastic Lens Market Research Report
By Type
Spherical Lens, Aspherical Lens
By Application
Cameras, Automotive, Mobilephone, Surveillance, Others
By Companies
Canon, Tamron, Union, YTOT, Nikon, Zeiss, Panasonic, HOYA, Asahi Glass, Schott, Kinko, LARGAN Precision, Sunny Optical, GeniuS Electronic Optical, Sekonix, Kantatsu, Kolen, Cha Diostech
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
241
Number of Tables & Figures
169
Customization Available
Yes, the report can be customized as per your need.
Global Optical Plastic Lens Market Report Segments:
The global Optical Plastic Lens market is segmented on the basis of:
Types
Spherical Lens, Aspherical 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
Cameras, Automotive, Mobilephone, Surveillance, 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:
- Canon
- Tamron
- Union
- YTOT
- Nikon
- Zeiss
- Panasonic
- HOYA
- Asahi Glass
- Schott
- Kinko
- LARGAN Precision
- Sunny Optical
- GeniuS Electronic Optical
- Sekonix
- Kantatsu
- Kolen
- Cha Diostech
Highlights of The Optical Plastic 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:
- Spherical Lens
- Aspherical Lens
- By Application:
- Cameras
- Automotive
- Mobilephone
- Surveillance
- 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 Plastic 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
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- Consumer Insights
- Understanding Competition Scenario
- 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 plastic lenses are a type of eyeglasses lens that use a plastic material to create the optical surface. This surface is designed to correct for nearsightedness, farsightedness, and astigmatism.
Some of the key players operating in the optical plastic lens market are Canon, Tamron, Union, YTOT, Nikon, Zeiss, Panasonic, HOYA, Asahi Glass, Schott, Kinko, LARGAN Precision, Sunny Optical, GeniuS Electronic Optical, Sekonix, Kantatsu, Kolen, Cha Diostech.
The optical plastic lens market is expected to register a CAGR of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Optical Plastic Lens Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Optical Plastic Lens Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Optical Plastic Lens Market - Supply Chain
4.5. Global Optical Plastic Lens Market Forecast
4.5.1. Optical Plastic Lens Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Optical Plastic Lens Market Size (000 Units) and Y-o-Y Growth
4.5.3. Optical Plastic Lens Market Absolute $ Opportunity
5. Global Optical Plastic Lens Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Optical Plastic Lens Market Size and Volume Forecast by Type
5.3.1. Spherical Lens
5.3.2. Aspherical Lens
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Optical Plastic Lens Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Optical Plastic Lens Market Size and Volume Forecast by Application
6.3.1. Cameras
6.3.2. Automotive
6.3.3. Mobilephone
6.3.4. Surveillance
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Optical Plastic Lens Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Optical Plastic Lens Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Optical Plastic Lens Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Optical Plastic Lens Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Optical Plastic Lens Demand Share Forecast, 2019-2026
9. North America Optical Plastic Lens Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Optical Plastic Lens Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Optical Plastic Lens Market Size and Volume Forecast by Application
9.4.1. Cameras
9.4.2. Automotive
9.4.3. Mobilephone
9.4.4. Surveillance
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Optical Plastic Lens Market Size and Volume Forecast by Type
9.7.1. Spherical Lens
9.7.2. Aspherical Lens
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Optical Plastic Lens Demand Share Forecast, 2019-2026
10. Latin America Optical Plastic Lens Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Optical Plastic Lens Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Optical Plastic Lens Market Size and Volume Forecast by Application
10.4.1. Cameras
10.4.2. Automotive
10.4.3. Mobilephone
10.4.4. Surveillance
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Optical Plastic Lens Market Size and Volume Forecast by Type
10.7.1. Spherical Lens
10.7.2. Aspherical Lens
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Optical Plastic Lens Demand Share Forecast, 2019-2026
11. Europe Optical Plastic Lens Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Optical Plastic Lens Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Optical Plastic Lens Market Size and Volume Forecast by Application
11.4.1. Cameras
11.4.2. Automotive
11.4.3. Mobilephone
11.4.4. Surveillance
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Optical Plastic Lens Market Size and Volume Forecast by Type
11.7.1. Spherical Lens
11.7.2. Aspherical Lens
11.8. Basis Point Share (BPS) Analyis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Optical Plastic Lens Demand Share, 2019-2026
12. Asia Pacific Optical Plastic Lens Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Optical Plastic Lens Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Optical Plastic Lens Market Size and Volume Forecast by Application
12.4.1. Cameras
12.4.2. Automotive
12.4.3. Mobilephone
12.4.4. Surveillance
12.4.5. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Optical Plastic Lens Market Size and Volume Forecast by Type
12.7.1. Spherical Lens
12.7.2. Aspherical Lens
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Optical Plastic Lens Demand Share, 2019-2026
13. Middle East & Africa Optical Plastic Lens Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Optical Plastic Lens Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Optical Plastic Lens Market Size and Volume Forecast by Application
13.4.1. Cameras
13.4.2. Automotive
13.4.3. Mobilephone
13.4.4. Surveillance
13.4.5. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Optical Plastic Lens Market Size and Volume Forecast by Type
13.7.1. Spherical Lens
13.7.2. Aspherical Lens
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Optical Plastic Lens Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Optical Plastic Lens Market: Market Share Analysis
14.2. Optical Plastic Lens Distributors and Customers
14.3. Optical Plastic Lens Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Canon
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Tamron
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Union
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. YTOT
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Nikon
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Zeiss
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Panasonic
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. HOYA
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Asahi Glass
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Schott
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Kinko
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. LARGAN Precision
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Sunny Optical
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. GeniuS Electronic Optical
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Sekonix
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Kantatsu
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Kolen
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Cha Diostech
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
