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Aspherical Lens Market Trends

  • Report ID: GMI11303
  • Published Date: Sep 2024
  • Report Format: PDF

Aspherical Lens Market Trends

Aspherical lenses are becoming critical components in augmented reality (AR) and virtual reality (VR) systems. Their ability to provide clear and distortion-free images is essential for delivering immersive experiences. This trend is expected to drive significant growth in the aspherical lens market as AR and VR technologies continue to evolve and gain mainstream adoption. For instance, in May 2024, Pimax launched two new high-end VR headsets, the Crystal Super and Crystal Light. Both headsets comes with aspheric glass lenses.
 

Ongoing technological advancements are pushing the boundaries of aspherical lens design, particularly in miniaturization and integration into compact devices. Innovations in manufacturing techniques, such as precision molding and advanced coating technologies, are enhancing the performance and affordability of aspherical lenses. For instance, in February 2024, Sony Electronics introduces the new compact FE 24-50mm F2.8 g standard zoom lens, designed for high performance and portability. Despite its small size, the lens delivers excellent image quality at all focal lengths. This is made feasible by the use of four aspherical lenses and two extra low dispersion (ED) glass elements.

Authors: Suraj Gujar , Sandeep Ugale

Frequently Asked Questions (FAQ) :

The market size of aspherical lens reached USD 9.46 billion in 2023 and is set to register over 6% CAGR between 2024 and 2032, due to the increasing demand for high-quality imaging in consumer electronics.

The single segment held over 60% revenue share in 2023, due to their affordability, simpler design, and effectiveness in reducing optical aberrations.

Asia Pacific market accounted for 37% revenue share in 2023, due to its expansive electronics and automotive industries and rapid technological advancements.

Nikon Corporation, Canon Inc., Panasonic Holdings Corporation, HOYA Corporation, Carl Zeiss AG, AGC Inc., and SCHOTT AG.

Aspherical Lens Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 25
  • Tables & Figures: 380
  • Countries covered: 22
  • Pages: 260
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