North America Aspherical Lens Market Size, Share & Industry Trends Analysis Report By Offering, By Type, By Manufacturing Technology (Molding, Polishing & Grinding, and Others), By Application, By Country and Growth Forecast, 2023 - 2029
The North America Aspherical Lens Market would witness market growth of 5.8% CAGR during the forecast period (2023-2029).
Aspheric lenses may be divided into convex and concave categories. In many presbyopic varifocal lenses, convex aspheric curvatures are employed to improve the optical power over a portion of the lens, which is helpful for near-focused activities like reading. An aspheric progressive add makes up the reading portion. Additionally, high-plus power aspheric lenses can be prescribed in cases of aphakia or extreme hyperopia; however, this method is fading away in favor of surgical intraocular lens implants.
Regulatory organizations that oversee prescriptions have approved a variety of convex lens varieties. High myopia can be corrected with concave aspheres. However, similar to how a prosthetic is made specifically for a person, they are not readily accessible from optical dispensaries and must be obtained on an individually tailored basis with instructions from the suiting practitioner.
North America represents one of the most lucrative markets for utilizing aspheric lens technology with high precision. Due to distortion, astigmatism, spherical aberration problems, and the country's rapid growth in the automotive and smartphone industries, the region currently controls the majority of the global market for aspheric lenses. The U.S. and Canada have well-established infrastructures in the medical and car industries. Thus, these systems assist technical research and development projects. In addition, these nations have several leading industrial firms thanks to favorable regulatory standards, which have allowed the local market to grow.
The US market dominated the North America Aspherical Lens Market by Country in 2022, and would continue to be a dominant market till 2029; thereby, achieving a market value of $2,696.4 Million by 2029. The Canada market is poised to grow at a CAGR of 8.2% during (2023 - 2029). Additionally, The Mexico market would witness a CAGR of 7.2% during (2023 - 2029).
Based on Offering, the market is segmented into Single and Double. Based on Type, the market is segmented into Glass, Plastic, and Others. Based on Manufacturing Technology, the market is segmented into Molding, Polishing & Grinding, and Others. Based on Application, the market is segmented into Opthalmic, Consumer Electronics, Digital Cameras, Automotive, Fiber Optics & Photonics and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Nikon Corporation, Canon, Inc., Panasonic Holdings Corporation, Hoya Corporation, Thorlabs, Inc., AGC, Inc., Carl Zeiss AG, Tokai Optical Co., Ltd., Calin Technology Co., Ltd. and Largan Precision Co., Ltd.
Scope of the Study
Market Segments covered in the Report:
By Offering
Single
Double
By Type
Glass
Plastic
Others
By Manufacturing Technology
Molding
Polishing & Grinding
Others
By Application
Opthalmic
Consumer Electronics
Digital Cameras
Automotive
Fiber Optics & Photonics
Others
By Country
US
Canada
Mexico
Rest of North America
Companies Profiled
Nikon Corporation
Canon, Inc.
Panasonic Holdings Corporation
Hoya Corporation
Thorlabs, Inc.
AGC, Inc.
Carl Zeiss AG
Tokai Optical Co., Ltd.
Calin Technology Co., Ltd.
Largan Precision Co., Ltd
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- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 North America Aspherical Lens Market, by Offering
- 1.4.2 North America Aspherical Lens Market, by Type
- 1.4.3 North America Aspherical Lens Market, by Manufacturing Technology
- 1.4.4 North America Aspherical Lens Market, by Application
- 1.4.5 North America Aspherical Lens Market, by Country
- 1.5 Methodology for the research
- Chapter 2. Market Overview
- 2.1 Introduction
- 2.1.1 Overview
- 2.1.1.1 Market Composition & Scenario
- 2.2 Key Factors Impacting the Market
- 2.2.1 Market Drivers
- 2.2.2 Market Restraints
- Chapter 3. Competition Analysis – Global
- 3.1 Market Share Analysis, 2021
- 3.2 Strategies Deployed in Aspherical Lens Market
- Chapter 4. North America Aspherical Lens Market by Offering
- 4.1 North America Single Market by Country
- 4.2 North America Double Market by Country
- Chapter 5. North America Aspherical Lens Market by Type
- 5.1 North America Glass Market by Country
- 5.2 North America Plastic Market by Country
- 5.3 North America Others Market by Country
- Chapter 6. North America Aspherical Lens Market by Manufacturing Technology
- 6.1 North America Molding Market by Country
- 6.2 North America Polishing & Grinding Market by Country
- 6.3 North America Others Market by Country
- Chapter 7. North America Aspherical Lens Market by Application
- 7.1 North America Opthalmic Market by Country
- 7.2 North America Consumer Electronics Market by Country
- 7.3 North America Digital Cameras Market by Country
- 7.4 North America Automotive Market by Country
- 7.5 North America Fiber Optics & Photonics Market by Country
- 7.6 North America Others Market by Country
- Chapter 8. North America Aspherical Lens Market by Country
- 8.1 US Aspherical Lens Market
- 8.1.1 US Aspherical Lens Market by Offering
- 8.1.2 US Aspherical Lens Market by Type
- 8.1.3 US Aspherical Lens Market by Manufacturing Technology
- 8.1.4 US Aspherical Lens Market by Application
- 8.2 Canada Aspherical Lens Market
- 8.2.1 Canada Aspherical Lens Market by Offering
- 8.2.2 Canada Aspherical Lens Market by Type
- 8.2.3 Canada Aspherical Lens Market by Manufacturing Technology
- 8.2.4 Canada Aspherical Lens Market by Application
- 8.3 Mexico Aspherical Lens Market
- 8.3.1 Mexico Aspherical Lens Market by Offering
- 8.3.2 Mexico Aspherical Lens Market by Type
- 8.3.3 Mexico Aspherical Lens Market by Manufacturing Technology
- 8.3.4 Mexico Aspherical Lens Market by Application
- 8.4 Rest of North America Aspherical Lens Market
- 8.4.1 Rest of North America Aspherical Lens Market by Offering
- 8.4.2 Rest of North America Aspherical Lens Market by Type
- 8.4.3 Rest of North America Aspherical Lens Market by Manufacturing Technology
- 8.4.4 Rest of North America Aspherical Lens Market by Application
- Chapter 9. Company Profiles
- 9.1 Panasonic Holdings Corporation
- 9.1.1 Company Overview
- 9.1.2 Financial Analysis
- 9.1.3 Segmental and Regional Analysis
- 9.1.4 Research & Development Expense
- 9.1.5 Recent strategies and developments:
- 9.1.5.1 Partnerships, Collaborations, and Agreements:
- 9.1.5.2 Product Launches and Product Expansions:
- 9.1.6 SWOT Analysis
- 9.2 Carl Zeiss AG
- 9.2.1 Company Overview
- 9.2.2 Financial Analysis
- 9.2.3 Segmental and Regional Analysis
- 9.2.4 Research & Development Expenses
- 9.2.5 Recent strategies and developments:
- 9.2.5.1 Partnerships, Collaborations, and Agreements:
- 9.3 Nikon Corporation
- 9.3.1 Company Overview
- 9.3.2 Financial Analysis
- 9.3.3 Segmental and Regional Analysis
- 9.3.4 Research & Development Expense
- 9.3.5 Recent strategies and developments:
- 9.3.5.1 Product Launches and Product Expansions:
- 9.4 Hoya Corporation
- 9.4.1 Company Overview
- 9.4.2 Financial Analysis
- 9.4.3 Segmental and Regional Analysis
- 9.4.4 Research & Development Expenses
- 9.4.5 Recent strategies and developments:
- 9.4.5.1 Product Launches and Product Expansions:
- 9.5 Canon, Inc.
- 9.5.1 Company Overview
- 9.5.2 Financial Analysis
- 9.5.3 Segmental and Regional Analysis
- 9.5.4 Research & Development Expenses
- 9.5.5 Recent strategies and developments:
- 9.5.5.1 Product Launches and Product Expansions:
- 9.6 AGC, Inc.
- 9.6.1 Company Overview
- 9.6.2 Financial Analysis
- 9.6.3 Segmental and Regional Analysis
- 9.6.4 Research & Development Expenses
- 9.7 Largan Precision Co., Ltd.
- 9.7.1 Company Overview
- 9.7.2 Financial Analysis
- 9.7.3 Research & Development Expenses
- 9.8 Tokai Optical Co., Ltd.
- 9.8.1 Company Overview
- 9.9 Calin Technology Co., Ltd.
- 9.9.1 Company Overview
- 9.10. Thorlabs, Inc.
- 9.10.1 Company Overview
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