Adaptive Optics Market to Witness Unprecedented Growth in Coming Years

1. ADAPTIVE OPTICS MARKETExtensive Applications across Communications and Military to Drive Growth Adaptive optics is a technology integrated with the optical systems mainly for communications, beam propagation, and microscopy. Such technologies helps to enhance efficiency of optical system by reducing wavefront distortion effects. These optics have applications in laser communication, retinal imaging, and biological research. ©2019 Transparency Market Research, All Rights Reserved

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3. Key Players in the Report: The Adaptive Optics Technology Marketis concentrated in nature with leading players such as • Northrop Grumman Corporation (U.S.) • Olympus Corp. (Tokyo) • Boston Micromachines Corporation (U.S.) • Raytheon Co. (U.S.) • Canon Inc. (Japan) • IRIS AO, Inc. (U.S.) • Benchmark Electronics, Inc. (U.S.) • Carl Zeiss Meditec AG (Germany) • CelestronLLC (U.S.)

4. Report Highlights • The global market for adaptive optics has seen significant traction in the past few years and is expected to continue expansion at an astounding pace in the next few years. The market is chiefly driven by the increasing demand for this technology across different sectors, such as defense and security, biomedical. Moreover, with advancement of technology, various adaptive optics components are being developed at low cost and are anticipated to fuel the demand for adaptive optics. • The global adaptive optics market will exhibit a staggering 83.9% CAGR over the period between 2016 and 2024, in terms of revenue. Expanding at this astounding pace, the market, which had a valuation of US$458.3 mn in 2015, will rise to US$109,685.9 mn by 2024. Request Sample of Report

5. Smaller and low cost wavefront sensors are likely to facilitate entry and growth of adaptive optics technology in the smaller observatory market, and ultimately the market for amateur astronomers. • Increasing demand of adaptive optics for high-resolution microscopy, growing value for utilizing adaptive optics in free-space laser communications and utilization of adaptive optics for long-range target identification in military applications are some of the major factors predicted to fuel the adaptive optics market growth. Increasing use of adaptive optics in ophthalmology and retinal imaging is estimated to support the adaptive optics market significantly in years to come.

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