Precision Optics Market Overview
The global precision optics market is estimated to reach $60,033.6 million in 2031, reveals the premium market intelligence study by CRI Report. The study also highlights that the market is set to witness a CAGR of 11.1% during the forecast period 2022-2031.
Precision optics are optical components with different geometries and materials used in optoelectronics, electro-optics, and optomechanical systems for light imaging, sensing, detection, and transmission applications in different wavelength bands. Precision optics are used in various applications, including consumer electronics, aerospace and defense, semiconductors, biomedical, manufacturing, and others.
USP of the Report
• Extensive competitive benchmarking of 22 key players done to offer a holistic view of the precision optics market landscape
• Market segregation based on component and end user.
• U.S.-China trade war and its impacts on the industry
• Key developments in the end-user industry
• Supply chain Analysis
• Pricing analysis
• Product benchmarking
• Investment landscape, including product adoption scenario, funding, and patent analysis
Analyst Perspective
According to Sachin Singh, Lead Analyst, CRI Report, “Ordinary optics differ from precision optics in terms of manufacturing accuracy (external dimensions, flatness, sphericity, cylindricity, i.e., geometric parameters, and also by the presence of special coatings). The precision optics market is highly fragmented owing to the presence of many small and medium-scale enterprises in the market. The manufacturing base is concentrated in regions such as North America, Europe, China, and Asia-Pacific”.
Key Companies Operating in The Market
Key players in the precision optics market analyzed and profiled in the study involve precision optics manufacturers and the overall ecosystem. Moreover, a detailed competitive benchmarking of the players operating in the precision optics market has been done to help the reader understand how players stack against each other, presenting a clear market landscape. Additionally, comprehensive competitive strategies such as partnerships, agreements, acquisitions, and collaborations will aid the reader in understanding the untapped revenue pockets in the market.
The key players profiled in the report include Materion Corporation, ZEISS International, Optics & Allied Engineering Pvt. Ltd., Edmund Optics Inc., Corning Incorporated, Newport Corporation, Rochester Precision Optics, LLC, PFG Optics, Shanghai Optics, Precision Optics Corporation, Inc., Sierra Precision Optics, Precision Optical, Panasonic Holdings Corporation, Nikon Corporation, Solaris Optics, Syntec Optics, WayRay AG, Momentum Optics, Astro Optics Pvt. Ltd., Opto Precision Pte. Ltd., CLZ Precision Optics, and Zuend Group.
Key Questions Answered in the Report
• What are the major trends along with key drivers, challenges, and opportunities for players in the global precision optics market?
• What are the major patents filed by the companies active in the precision optics market?
• What was the impact of the U.S.-China trade war on the precision optics market, and how has itdisrupted the supply chain?
• What are the steps taken by the existing players to improve/maintain their market positioning, and what are some of the key strategies adopted by new players entering this market space?
• Which are the leading components and end users in the market, and how are they going to perform in the coming years?
• What could be the pricing trend of precision optical components during the forecast period?
• What are the ongoing technological developments in the precision optics market, and how is it expected to impact the market in the upcoming future?