Adaptive Optics Market Is Expected to Grow at a CAGR of 40.8% by 2023

By , in PR PR Sci/Tech on .

Northbrook, IL — 12/19/2017 — Adaptive optics system measures the irregularities introduced by the media between an object of interest and its image with a wavefront sensor, and calculate the correction with the control system. Typically, a device such as a deformable mirror or liquid crystal array is used to correct the aberrations of an incoming wavefront.

The adaptive optics market is expected to be worth USD 2,190.9 million by 2023, growing at a CAGR of 40.8% from 2017 to 2023. The adoption of adaptive optics in ophthalmology and retinal imaging is propelling the growth of the adaptive optics market. Increased government funding and advanced adaptive optics technology are further driving the growth of the adaptive optics market.

Browse 73 Market Data Tables and 32 Figures spread through 147 Pages and in-depth TOC on “Adaptive Optics Market – Global Forecast to 2023”

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownload.asp?id=82702071

The adaptive optics market is gaining momentum as of result of organic as well as inorganic growth strategies followed by the players operating in this market. Product launch is the most prominent growth strategy adopted by the players in the adaptive optics market. Moreover, the strategy of product and market development is also adopted by the companies in the market.

The key players following these strategies are Thorlabs, Inc. (US), Teledyne e2v (UK) Ltd., Flexible Optical B.V. (Netherlands), NORTHROP GRUMMAN CORPORATION (US), Iris AO, Inc. (US), Adaptica S.r.l. (Italy), and Boston Micromachines Corporation (US).

NORTHROP GRUMMAN CORPORATION (US) was an important player in the adaptive optics market in 2016. For the adaptive optics market, the company operates through its wholly-owned subsidiary, Adaptive Optics Associates – Xinetics (AOX). AOX offers laser beam control systems and adaptive optical systems for defense (laser communications; directed energy; and Intelligence, Surveillance, and Reconnaissance (ISR)), industrial (freight logistics and semiconductor), scientific (astronomy), and commercial applications. AOX's adaptive optics solutions include adaptive optical systems, deformable mirrors, wavefront sensors, drive electronics, and actuators. Deployment of its adaptive optics products in new markets is the key growth strategy adopted by the company in the recent years.

For instance, in June 2017, AOX received a sole-source contract for providing mission-critical optical technology to WFIRST coronagraph instrument. WFIRST is a future infrared space observatory developed by National Aeronautics and Space Administration (NASA), US. The contract is valued at USD 1.9 million, under which AOX is expected to fabricate the module that will be used as technology demonstrations for the adaptive optics systems.

Thorlabs, Inc. is among the key players involved in the development of adaptive optics products. It is a vertically integrated photonics product manufacturer and primarily serves laser and electro-optics markets. Thorlabs has ~20,000 products in its entire portfolio, and 90% of these products are fully developed by the company. The company has a strong business channel and has a significant number of internal distributors and partners.

About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, “RT” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Rohan
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]

The following two tabs change content below.
Maria Burns

Maria Burns

Maria is a Viral News Editor who graduated from the University Of California. She likes social media trends, being semi-healthy, Buffalo Wild Wings and vodka with lime. When she isn’t writing, Maria loves to travel. She last went to Thailand to play with elephants and is planning a trip to Bali.
%d bloggers like this: