Discover the potential of high precision aspheres for transforming industries and enhancing user experience
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The global high precision asphere market size is expected to reach USD 34.45 Billion in 2028 and register a steady revenue CAGR of 6.4% over the forecast period, according to latest analysis by Emergen Research.
Over the past few years, there has been a noticeable increase in demand for high-precision aspheres. Aspheres are optical parts that have a non-spherical surface profile, which enables them to minimise aberrations, increase optical performance, and decrease the number of elements needed in optical systems. Advanced manufacturing processes that give a high level of accuracy and reproducibility, such as diamond turning, CNC milling, and magnetorheological finishing (MRF), are used to create high-precision aspheres.
The rising demand for high-quality optics across a range of end-use industries, including semiconductor, aircraft, defence, and medicine, is one of the major factors driving the high-precision asphere market. These industries make substantial use of aspheres for tasks like imaging, metrology, structuring laser beams, and spectroscopy. The market for high-precision aspheres is expanding because to the rising need for high-performance optical systems in these sectors.
The growing usage of modern manufacturing techniques including diamond turning, CNC milling, and MRF is another significant element promoting the rese’s growth. These methods provide a high level of accuracy and reproducibility, both of which are necessary for producing very precise aspheres. The manufacturing of high-quality aspheres with better surface smoothness and accuracy is made possible by the growing use of these processes, which is fueling demand for high-precision aspheres across a range of end-use sectors.
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One of the main market limitations, meanwhile, is the expensive expense of producing high-precision aspheres. High-precision asphere manufacturing is labor-intensive and expensive due to the need for specialised machinery. High-precision aspheres are expensive due to their high cost of production, which prevents them from being widely used in a number of end-use sectors.
Despite these obstacles, the high-precision aspheres industry is anticipated to expand significantly over the next few years. The market is anticipated to increase as a result of rising adoption of innovative production techniques and rising demand for high-quality optics across a range of end-use industries. Furthermore, it is anticipated that the market would see new opportunities due to the growing investments made in R&D projects to advance manufacturing methods and lower production costs.
High Precision Asphere Market Segmentation:
The global high precision asphere market can be segmented based on product type and application. In terms of product type, the market can be classified into glass aspherical lens and plastic aspherical lens. Among these, the glass aspherical lens segment accounted for the largest revenue share in the global market in 2020. This can be attributed to the superior optical performance of glass aspherical lenses, which can correct spherical aberrations and other aberrations, resulting in better image quality. Glass aspherical lenses are widely used in various applications such as digital cameras, smartphones, and projection systems.
In terms of application, the market can be segmented into automotive, cameras, mobile phones and tabs, optical instruments, and others. The automotive segment accounted for a significantly large revenue share in the global market in 2020 due to the increasing adoption of advanced driver assistance systems (ADAS) and autonomous driving technologies in the automotive industry. Aspheres are extensively used in automotive applications such as cameras, lidars, and head-up displays, which are critical components of ADAS and autonomous driving systems.
The cameras segment is also a significant contributor to the global high precision asphere market. Aspherical lenses are widely used in digital cameras, DSLRs, and other imaging devices to improve image quality and reduce distortion. The increasing demand for high-resolution cameras in various industries such as healthcare, defense, and aerospace is expected to drive the growth of this segment in the coming years.
The mobile phones and tabs segment is another significant contributor to the global market, driven by the increasing adoption of smartphones and tablets worldwide. Aspherical lenses are used in the cameras of smartphones and tablets to improve image quality and reduce distortion, offering a better user experience.
In terms of regional analysis, North America accounted for the largest revenue share in the global market in 2020. This can be attributed to the presence of key market players, technological advancements, and the increasing adoption of high-precision aspheres in various end-use industries. North America is home to several leading manufacturers of high-precision aspheres, which are investing in research and development activities to improve the manufacturing techniques and enhance the quality of their products. Additionally, the region has a well-established infrastructure for the aerospace and defense industries, which are significant users of high-precision aspheres.
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Some Key Highlights in the Report
Glass aspherical lens segment accounted for largest revenue share in the global high precision asphere market in 2020 due to its superior optical performance and ability to reduce the number of lens elements required in optical systems. Glass aspherical lenses offer better optical performance than traditional spherical lenses, as they can correct spherical aberrations and other aberrations, resulting in better image quality.
Automotive segment accounted for a significantly large revenue share in the global high precision asphere market in 2020 due to the increasing adoption of advanced driver assistance systems (ADAS) and autonomous driving technologies in the automotive industry. Aspheres are extensively used in automotive applications such as cameras, lidars, and head-up displays, which are critical components of ADAS and autonomous driving systems. Aspheres help in improving the optical performance of these components by reducing aberrations and enhancing image quality.
North America accounted for largest revenue share in the global high precision asphere market in 2020 due to the presence of key market players, technological advancements, and the increasing adoption of high-precision aspheres in various end-use industries. North America is home to several leading manufacturers of high-precision aspheres, which are investing in research and development activities to improve the manufacturing techniques and enhance the quality of their products.
Key players operating in the market include Nikon Corporation, Panasonic Corporation, Canon Inc., HOYA Corporation, AGC Inc., SCHOTT AG, Carl Zeiss AG, Kinko Optical Co. Ltd., Sunny Optical Technology Company Limited, and Asia Optical Co. Inc.
In February 2021, Nikon Corporation, a leading manufacturer of optical and imaging products, announced the launch of its new high-precision asphere lens, the NSR-S630D EUV. The lens is designed for use in advanced lithography systems for semiconductor manufacturing and is capable of producing ultra-high-resolution patterns with a high degree of accuracy and stability. The NSR-S630D EUV is manufactured using advanced manufacturing techniques such as diamond turning and MRF, which offer a high degree of accuracy and repeatability.
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