The aspherical lens market is projected to grow from USD 9.0 billion in 2023 to USD 12.2 billion by 2028, registering a CAGR of 6.2% during the forecast period. Surging use of aspherical lenses in optical instruments and ophthalmic applications and growing applications in high-end smartphone cameras are expected to propel the aspherical lens market in the next five years. However, high production cost of aspherical lenses are likely to pose challenges for the industry players.
Key players operating in the market include Nikon Corporation (Japan), Canon, Inc. (Japan), Panasonic Holding Corporation (Japan), HOYA (Japan), Asahi Glass (AGC) (Japan), Schott (Germany), ZEISS International (Germany), Tokai Optical (Japan), SEIKO Optical Products Co., Ltd. (Japan), and Calin Technology Co., Ltd. (Taiwan), among others. Major strategies adopted by top players to enhance their product portfolios, increase their market share, and expand their presence in the market include new product launches and deals such as acquisitions and partnerships.
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Nikon Corporation is a Japanese multinational specializing in optics and imaging products. The company sells FPD and semiconductor lithography systems. Its product line includes tiny digital cameras, interchangeable lenses, laser rangefinders, surveying tools, mirrorless cameras, sport optics, speed lights, and action cameras. The company also designs and produces X-ray and CT inspection systems, industrial microscopes, cell culture observation systems, biological microscopes, metrology systems, and retina diagnostic imaging tools and services.
Canon Inc. was founded in 1937 and is headquartered in Tokyo, Japan. A multinational corporation, it offers a wide range of products, including cameras, printers, photocopiers, and other imaging and optical products. The company is particularly known for its high-quality cameras, including its EOS series of digital cameras, as well as its lenses and other imaging equipment. Canon also produces printers and photocopiers, including multifunction devices that can print, scan, copy, and fax. The company also offers medical diagnostic imaging systems including magnetic resonance imaging (MRI), computed tomography (CT), ultrasound and X-ray systems. The company has a strong commitment to sustainability and has implemented several environmental initiatives, including reducing carbon emissions, conserving water, and promoting recycling. It is also involved in several social responsibility programs, including promoting education and supporting disaster relief efforts.
Panasonic Holding Corporation engages in the development, manufacture, and sale of electrical products. It operates through the following segments: Appliances, Eco Solutions, Connected Solutions Company, Automotive and Industrial Systems, and Others. The Appliances segment develops and manufactures white goods such as vacuum cleaners, washing machines, refrigerators, and air conditioners, as well as health and beauty products. The Eco Solutions segment handles development, manufacture and sale of lighting fixtures and electric lamps including LED lighting, solar photovoltaic systems, wiring devices, interior furnishing materials, water-related products, ventilation and air-conditioning equipment, air purifiers, and others. The Connected Solutions segment offers system integration, installation, support, and maintenance services for aviation, manufacturing, entertainment, retail, and logistics. The Automotive and Industrial System segment develops, manufactures, sells, and provides services for car-use-multimedia-related equipment, electrical components, lithium-ion batteries, storage batteries, dry batteries, electronic components, electronic materials, automation controls, semiconductors, optical devices, electronic-components-mounting machines, welding equipment, bicycles, and others. The Others segment deals with detached housing, rental apartment housing, land and buildings for sale, home remodeling, imported materials and components, and others.
Aspherical Lens Market by Type (Glass Aspherical lens, Plastic Aspherical lens), Offering (Double Aspherical lens and Single Aspherical lens), Manufacturing Technology (Molding, Polishing & Grinding), Application and Region - Global Forecast to 2028
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