Global Aspherical Lens Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Aspherical Lens Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

An aspherical lens is a lens whose surface profiles are not portions of a sphere or cylinder. In photography, a lens assembly that includes an aspheric element is often called an aspherical lens.

The asphere's more complex surface profile can reduce or eliminate spherical aberration and also reduce other optical aberrations such as astigmatism, compared to a simple lens. A single aspherical lens can often replace a much more complex multi-lens system. The resulting device is smaller and lighter, and sometimes cheaper than the multi-lens design. Aspheric elements are used in the design of multi-element wide-angle and fast normal lenses to reduce aberrations. They are also used in combination with reflective elements such as the aspherical Schmidt corrector plate used in the Schmidt cameras and the Schmidt-Cassegrain telescopes.

Market Overview:

The latest research study on the global Aspherical Lens market finds that the global Aspherical Lens market reached a value of USD 414.18 million in 2022. It’s expected that the market will achieve USD 439.4 million by 2028, exhibiting a CAGR of 0.99% during the forecast period.

Drivers

In developing market, with their development of economy, people's pursuit of a higher standard of living, increased image and mobile phone application has boosted the growth of this market significantly. Many businesses emerged to the market, updating their technology and keep on product innovation, which increased the penetration of more productive and cost-effective, high performance aspherical lens.

In developed market, they have more international companies, good channels, highly market maturity, fierce competition, a highly competent management team, technology and finance advantages, keep on innovation, prominent market participants invest heavily in R&D, with introduction of new technologies to their products, all of which make a growing market demand for aspherical lens.

Opportunities

Improve performance

With the progress in science and technology, support of government policies, investment in funds, improvement of consumption levels, there will be more opportunities in aspherical lens, and more cost effective, high performance products in the future.

Expansion of production capacity in emerging markets

Some of the strong manufacturers are layout their plan in emerging market, they establish new factory and produce locally, then supply to the local market, which may decrease their marketing cost. What’s more, the local manufacturers are emerging on the market, try to improve their technology and product performance to get a market advantage.

Region Overview:

Europe had the highest growth rate of all regions.

Company Overview:

Asahi Glass Co.(AGC) is one of the major players operating in the Aspherical Lens market, holding a share of 27.38% in 2018.

HOYA CORPORATION manufactures and sells precision devices and instruments based on advanced optics technologies in the fields of life care and information technology. It operates in two segments, Life Care and Information Technology. The company offers healthcare products, including eyeglass and contact lenses; and medical products, such as medical endoscopes, laparoscopic surgical instruments, intraocular lenses, prosthetic ceramic fillers and orthopedic implants, and airway scopes. It also provides electronics products comprising mask blanks and photomasks for manufacturing semiconductor chips; photomasks for liquid crystal display panels; and glass disks for hard disk drives.

AGC Inc. manufactures and sells glass, electronics, chemicals, and ceramics worldwide. The company offers architectural glass products, including float glass, low-emissivity glass, double glazing glass for solar control/heat-insulation, safety glass, and decorative glass; and tempered and laminated automotive glass, as well as integrated glass antenna and privacy glass. It also provides glass substrates used for thin-film-transistor liquid crystal displays and OLEDs; electronic materials, such as CMOS/CCD blue filters, CMP slurries, synthetic quartz glasses, glass frits and pastes, and glass molded lenses

Segmentation Overview:

Among different product types, Glass Aspherical Lens segment is anticipated to contribute the largest market share in 2027.

Application Overview:

By application, the Cameras segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Aspherical Lens market covered in Chapter 3:

Ametek(Zygo Corporation)
Shanghai Optics Inc.
Asahi Glass Co.(AGC)
Hitachi High-Technologies Corporation
ALPS
Asphera Incorporated
Asia optical
Edmund Optics
Thorlabs, Inc.
OPTIMAX
HOYA
Canon Inc.
LightPath Technologies

In Chapter 4 and Chapter 14.2, on the basis of types, the Aspherical Lens market from 2018 to 2029 is primarily split into:

Glass Aspherical Lens
Plastic Aspherical Lens

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Aspherical Lens market from 2018 to 2029 covers:

Cameras
Optical Instruments
Ophthalmic
Mobile phone

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)