Global adaptive optics market to reach $4.8 billion by 2026

SAN FRANCISCO , April 18, 2022 /PRNewswire/ — New market research published by Global Industry Analysts Inc., (GIA), the leading market research firm, today released its report titled “Adaptive Optics – Global Market Trajectory and Analysis”. The report presents new insights into the opportunities and challenges in a significantly transformed post COVID-19 market.

Global adaptive optics market to reach $4.8 billion by 2026

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Editing: 9; Published: February 2022
Executive Pool: 646
Companies: 30 – Players covered include Active Optical Systems, LLC; Adaptica SRL; Boston Micromachines Corporation; Optical Flexible BV; HOLOEYE Photonics AG; Imagine Optic SA; IRIS AO, Inc.; Northrop Grumman Company; Phasics Corp.; Teledyne e2v Limited; Thorlabs, Inc. and others.
Cover: All major geographies and key segments
segments: Component (wavefront sensor, wavefront modulator, control system); End-use industry (military and defense, biomedical, industrial and manufacturing, consumer, other end-use industries)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; UK; and rest of Europe); Asia Pacific; Rest of the world.

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ABSTRACT-

Global adaptive optics market to reach $4.8 billion by 2026

Adaptive Optics (AO) technology is used to improve the performance of various optical systems. This is achieved by reducing the effect of incoming wavefront distortions via the deformation of a mirror to compensate for the distortion. The technology works by measuring wavefront distortion and compensating for it using an error-correcting device like a liquid crystal array or a deformable mirror. At present, magnetic concept deformable mirrors and microelectromechanical systems (MEMS) deformable mirrors are among the most commonly used techniques for wavefront shaping applications for AO technology, mainly due to of the mature nature of the technology, the higher versatility and running, and the high resolution offered. by wavefront correction. The mirrors used are controlled by a computer system to obtain sharper images. These images are of crucial importance in several industries such as healthcare, aerospace and defense, and industrial manufacturing.

Amid COVID-19 crisis, Global Adaptive Optics Market Estimated at US$1.4 billion in 2022, is expected to reach a revised size of US$4.8 billion by 2026, registering a compound annual growth rate (CAGR) of 35.5% over the analysis period. United States represents the largest regional market for adaptive optics and is expected to reach US$1.8 billion by 2026. China is expected to spearhead the growth and become the fastest growing regional market with a CAGR of 39.5% over the analysis period. The market is witnessing a growing demand for advanced optical systems, with applications such as laser communications, beam shaping, laser countermeasures, microscopy, and retinal imaging fueling the growth of the market. Given the technology’s ability to correct wavefront distortion effects in real time, AO is increasingly being used in a variety of applications. Growing demand for optical imaging solutions in defense applications, primarily for long-range target identification, is expected to drive the growth of the global adaptive optics market. Demand for AO systems is growing in the healthcare industry, while use of the technology continues to grow in astronomy, cell imaging, and aerospace applications. In particular, the growing demand for advanced optical systems for astronomy applications and the growing need for high-resolution microscopy for use in the field of biological research is propelling the growth of the market.

Advances in AO technology, the growing need for corrective eyewear, the increasing use of AO in ophthalmology and retinal imaging, and the growing adoption of ADAS (adaptive driver assistance systems) in automobiles are also driving demand for AO systems. A notable trend that is expected to drive the adoption of AO is the growing use of free-space laser communication technologies across a range of industries and the rapid pace of progress seen in the field of professional astronomy. The adaptive optics (AO) market is driven by steadily increasing investment in R&D initiatives focused on advanced optics and optical solutions. Constant advancements in technology lead to low cost production of various components, thus facilitating the adoption of AO systems.

North America represents a substantial share of the world AO market. The growth of the region is fueled by the increasing demand for AO technology in the fields of astronomy, defense and ophthalmology. Technology adoption is set to grow further in defense and security, healthcare, and astronomy in the coming years. In the United States, the defense and security mechanism is increasingly using AO technology for both land-based and airborne missile defense systems. With defense spending levels continuing to grow, there is huge growth potential for the AO market in the defense sector. In the coming years, the growing emphasis of regional economies on building intelligence, surveillance and reconnaissance (ISR) capabilities, the growing use of electronic countermeasures to protect against various weapons, and the constant need to improve deadly attacks on enemies will fuel the adoption of AO. systems in the defense sector. North American countries are also prime markets for satellite services, with well-established infrastructure facilities and active space programs that are expected to fuel the need for AO technology. Growing investments in the health technology space, increasing use of AO in laser eye surgeries, and development of AO systems to provide sharper astronomy images bodes well for the market. Europe is another promising market for AO systems, with growth attributed to the important role played by AO technology in the success of the E-ELT (European Extremely Large Telescope) project. adaptive optics market Asia Pacific expected to see strong gains in the coming years, driven by expanding applications in astronomy and increased focus on R&D initiatives targeting various industries, particularly in the healthcare and biomedical sectors . After

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