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(IT-NEWSWIRE.COM, March 10, 2017 ) According to a new market research report “Adaptive Optics Market by Component (wavefront sensors, wavefront modulator, control system), end-user (consumer, astronomy, military & defense, biomedical, industrial & manufacturing , communication & others), and Geography - Global Forecast to 2020” , the total market was valued at USD 150.0 Million in 2014 and is expected to reach USD 7,666.4 Million by 2020, at a CAGR of 99.4% between 2015 and 2020.
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Adaptive optics (AO) is a technology used to improve the performance of optical systems by reducing the effect of wavefront distortions by correcting the deformations of an incoming wavefront, using special mirrors called deformable mirrors to compensate for the distortion. It is used in astronomical telescopes and laser communication systems to minimize the effects of atmospheric distortion. In microscopy, optical fabrication, and in retinal imaging systems it is used to reduce optical aberrations.
Adaptive optics is a fast-developing optical system technology that is expected to affect a wide range of industries. The reduction in the cost of adaptive optics components & systems is likely to create real commercial opportunities in the future. Recently, adaptive optics techniques enabled by advancements in technology have been applied in various other sectors such as ophthalmology, defense, consumer devices, and communications. The adaptive optics market is expected to grow owing to factors such as increased funding for research and development in the optics industry, growing demand for adaptive optics-enabled, real-time product inspection techniques (machine vision), and increased adoption of AO in biomedical segments.
This report provides the premium insights, market driving factors, and opportunities for the niche adaptive optics market. The report also covers in detail the key end-user industries of the adaptive optics market including consumer, astronomy, biomedical, military & defense, industrial & manufacturing, and communication & sensing. Among all sectors, the military & defense sector was the largest contributor to the overall adaptive optics market, accounting for a share of 56.1% of the market in 2014. The biomedical sector accounted for a share of 21.7% of market share in 2014.
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The adaptive optics market for different geographic regions including the Americas, Europe, Asia-Pacific, and the Rest of the World (RoW) has been covered in the report. The Americas account for the largest share of 44.0% of the adaptive optics in 2014 and is expected to grow at a CAGR of 94.0% between 2015 and 2020.
The major competitors in the adaptive optics market are Northrop Grumman Corporation (U.S.), Benchmark Electronics, Inc. (U.S.), HoloEye Photonics AG. (Germany), Iris AO (U.S.), Aplegen Inc. (U.S.), Adaptive Optics Associates, Inc. (U.S.), Adaptica SRL. (Italy), Bakers Adaptive Optics (U.S.), Phasics Corp. (France), Boston Micromachine Corp. (U.S.), Adaptive Eyecare Ltd. (U.K.), Synopsys Optical Solution Group (U.S.), SCHOTT North America, Inc. (U.S.), and Sacher Lasertechnik Gmbh (Germany) among others.
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Source: EmailWire.Com 
Source: EmailWire.com
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