Global Digital Frame Tracers Market Research Report 2024-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2030

Global Digital Frame Tracers Market Research Report 2024-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2030

Digital Frame Tracers provide the versatility and efficiency required in today's ophthalmic laboratories. Digital Frame Tracers are used to trace frames and send the data to the online lab, providing accurate frame data for the lab. Ophthalmic Laboratories uses products to provide customers with high-precision, high-quality eyewear.

Market Overview:

The latest research study on the global Digital Frame Tracers market finds that the global Digital Frame Tracers market reached a value of USD 136.17 million in 2023. It’s expected that the market will achieve USD 198.64 million by 2029, exhibiting a CAGR of 6.5% during the forecast period.

Inflation refers to an economic phenomenon in which the overall price or price level continues to rise. For example, in 2020, in order to cope with the epidemic, various countries around the world have introduced relevant stimulus policies to support economic development to varying degrees. Due to the excess currency issuance in the US dollar zone and the euro zone, inflation has intensified and spread and radiated to the world, resulting in rising prices. Due to inflation, people's living costs increase, and people will reduce unnecessary consumption. For example, in the context of inflation, consumers' enthusiasm for consumption has declined, the market demand for glasses has decreased, and the plan for glasses matching has been postponed, thereby affecting the demand for Digital Frame Tracers from downstream institutions.

Driving Factors

Currently, as the market evolves, efforts are being made to eliminate or reduce the need for patterns by providing Digital Frame Tracers capable of tracking eyeglass frames in order to provide more convenient placement. The frame shape data of the spectacle frame obtained from the measurement of Digital Frame Tracers, the corresponding data such as the type, material, and V-shape of the spectacle frame. Digital Frame Tracers electronically send shape information to edgers to cut lenses to the proper shape. In practical applications, the Digital Frame Tracers method has many advantages. One of the many advantages offered by Digital Frame Tracers is the ability to provide laboratories with accurate frame data while patients are able to continue wearing their frames until new lenses arrive. In the eyewear industry, Digital Frame Tracers facilitate the delivery of eyeglasses to patients with shorter lead times. At the same time, Digital Frame Tracers will help eyewear companies improve quality, thereby increasing productivity and optimizing production processes. Advantages of Digital Frame Tracers and trend to replace traditional pattern-based techniques is one of the driving factors driving the market.

Factors Challenging the Market

Brand Barriers

Brand influence is one of the main factors for downstream customers to choose Digital Frame Tracers. Brand influence refers to the brand's ability to develop markets, occupy markets, and obtain profits. Brand influence has become an important factor influencing customers to choose Digital Frame Tracers. In the Digital Frame Tracers industry, for downstream customers, brand influence will largely determine their choice of suppliers. Downstream customers will choose big brands when choosing products, and they tend to get better quality and service guarantees from big brands. Enterprises in the industry need to improve their good product quality and delivery capabilities, win continuous recognition of the company's brand from downstream customers, and achieve long-term cooperation and coordinated development. How expand brand influence will be a challenge for industry enterprises.

Region Overview:

In 2022, the share of the Digital Frame Tracers market in North America stood at 37.50%.

Company Overview:

Hoya is a Japanese multinational optical instrument manufacturer. Its products cover semiconductor equipment such as photomasks, storage devices, glasses and contact lenses, optical glass, and information technology services such as information systems and ASP. It is also well-known as one of the world's leading lens manufacturers. The company continues to grow into a global enterprise by expanding its diverse business activities, which include information technology, eye care, medical and imaging systems.

Essilor is a leader in developing modern solutions and technologies for eye care professionals worldwide. Essilor provides customers with equipment and services that meet their business needs and helps them build trusting relationships with patients. Meeting these challenges through continuous R&D innovation, Essilor has achieved global leadership positions in several categories including Finishing, Optometry, Diagnostic Devices, Vision Screening and PD Measurement.

Hoya is one of the major players operating in the Digital Frame Tracers market, holding a share of 29.71% in 2023.

Segmentation Overview:

By type, Auto segment accounted for the largest share of market in 2022.

Application Overview:

By application, the Eye-care Center segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Digital Frame Tracers market covered in Chapter 3:

UNICOS Co., Ltd.
Essilor
Santinelli
Huvitz
Visionix
NIDEK
Hoya

In Chapter 4 and Chapter 14.2, on the basis of types, the Digital Frame Tracers market from 2019 to 2030 is primarily split into:

Auto
Semi-Auto

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Digital Frame Tracers market from 2019 to 2030 covers:

Ophthalmic Laboratories
Eye-care Center

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2019-2030) 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)