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Military, defence to fuel growing market for adaptive optics

Posted: 31 Aug 2015 ?? ?Print Version ?Bookmark and Share

Keywords:MarketsandMarkets? adaptive optics? wavefront? defence? machine vision?

The total adaptive optics (AO) market was valued at $150 million last year and is forecast to approach $7,666.4 million by 2020 with a CAGR of 99.4 per cent between 2015 and 2020, according to the latest report from MarketsandMarkets.

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 cut the effects of atmospheric distortion. In microscopy, optical fabrication, and in retinal imaging systems it is used to reduce optical aberrations.

AO is a fast-developing optical system technology that is expected to affect a range of industries. The reduction in the cost of AO components and systems is likely to create real commercial opportunities in the future. Recently, AO techniques enabled by advancements in technology have been applied in various other sectors such as ophthalmology, defence, consumer devices and communications. The AO market is expected to grow owing to factors such as increased funding for research and development in the optics industry, growing demand for AO-enabled, real-time product inspection techniques (machine vision) and increased adoption of AO in biomedical segmentAmong all sectors, the military and defence sector was the largest contributor to the overall AO market, accounting for a share of 56.1 per cent of the market in 2014. The biomedical sector accounted for a share of 21.7 per cent of market share in 2014.

The Americas account for the largest share of 44 per cent of the AO in 2014 and is expected to grow at a CAGR of 94 per cent between 2015 and 2020.

The major competitors in the AO market are Northrop Grumman (U.S.), Benchmark Electronics (U.S.), HoloEye Photonics (Germany), Iris AO (U.S.), Aplegen (U.S.), Adaptive Optics Associates (U.S.), Adaptica (Italy), Bakers Adaptive Optics (U.S.), Phasics (France), Boston Micromachine (U.S.), Adaptive Eyecare (U.K.), Synopsys Optical Solution Group (U.S.), SCHOTT North America (U.S.), and Sacher Lasertechnik (Germany), among others.





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