Adaptive Optics Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Adaptive Optics Market is Segmented by End-user Industry (Military & Defence, Medical, Industrial, Consumer Electronics , Astronomy, Other End-user industries), and Geography.

Market Snapshot

Market Growth_Adaptive Optics Market
Study Period: 2018 - 2026
Base Year: 2020
Fastest Growing Market: North America
Largest Market: North America
CAGR: 38.9 %

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Market Overview

The adaptive optics market is expected to register a growth at a CAGR of 38.9% in the forecast period 2021-2026. Adaptive optics technology has been used to improve the performance of optical systems by reducing the effect of incoming wavefront distortions by deforming a mirror in order to compensate for the distortion. Researchers have found the applications of adaptive optics systems across the industries, including manufacturing and spectroscopy. In May 2019, researchers at U.S. National Eye Institute were using vivo fluorescence ophthalmoscopy and adaptive optics (AO) to capture mosaic patterns created by the retinal pigment epithelium (RPE) in human.

  • In recent years, adaptive optics application in medical sciences such as in the field of ophthalmology and retinal imaging to reduce the optical aberrations has augmented the demand of the market. With the increasing demand for adaptive optics, various companies such as Iris AO Inc. are offering their AO systems specifically designed for the ophthalmology and retinal imaging. For instance, the National Institutes of Health and the Air Force are using Iris AO DMs for retinal imaging.
  • Moreover, the application of AO systems in military and defense industry applications such as satellite imaging, free-space optical communication as well as laser weapon, among others, has gained significant traction, which is also driving the growth of the market. Companies such as Boston Micromachine Corporation are offering AO systems by partnering with various defense organizations. For instance, Boston Micromachine Corporation has partnered with NASA, US Naval Research Laboratory, AFIT, among others, for offering optical systems in their projects.
  • The government organization, such as European Southern Observatory, has dedicated department of AO that provides ground-based adaptive optics observing capabilities overcoming the limitation of atmospheric turbulence. In December 2019, ESO signed contract with SENER Aerospacial for design and production of the support cell for M5 mirror of the extremely large telescope. With a primary mirror of 39-meter diameter, the ELT will be equipped with five mirrors in total. Two of the–M4 and M5–form part of the adaptive optics system of the telescope.
  • However, the system's complex design which leads to high initial cost for the organization is restricting the adoption of adaptive optics systems globally.

Scope of the Report

Adaptive Optics are the technology that is used to enhance the performance of the optical ecosystem by minimizing the effect of incoming wavefront distortion by means of deforming a mirror such that it can compensate for the distortion. The scope of the study for the adaptive optics market is limited to AO systems offered by the vendors for various end-user industries considering the types of sensor technologies it is based on. However, the hardware components like sensors, drivers are not considered for market estimation.

By End-user Industry
Military & Defence
Medical
Industrial
Consumer Electronics
Astronomy
Other End-user Industries
Geography
North America
Europe
Asia-Pacific
Rest of the World

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Key Market Trends

Application in the Field of Astronomy is Expected to Grow Significantly

  • Over the last twenty years, several exoplanets have been found, and their study has become a high priority in the scientific field. Direct imaging of nearby these exoplanets and the surrounding in which they form and evolve is challenging due to the smaller angular separation relative to the central star and high contrast ratio. To tackle these challenges, ground-based telescopes are needed to be equipped with adaptive optics systems optimized to get high-contrast images.
  • In January 2020, National Science Foundation (NSF) newest Inouye Solar 4-meter Telescope produces the first image that uses adaptive optics to compensate for blurring created by Earth’s atmosphere.
  • Europe commenced the European Extremely Large Telescope (ELT) project to build the largest telescope for the study of the universe. The project is expected to complete by the year 2024 and will make extensive use of adaptive optics systems to gather 13 times lighter images possible today.
  • In February 2020, ESO has given a contract to CILAS, in adaptive optics to built deformable mirrors for several instruments on ESO telescopes. CILAS will support research and technological development in Europe and ensure the availability of necessary technology for ESO telescopes.
  • Furthermore, in February 2020, researchers from First Light Imaging (Meyreuil, France), Aix Marseille University (Marseille, France), and the University Grenoble Alpes (Grenoble, France) have created a SWIR camera for AO that has low noise for free-space optical communications that runs at 600 frames per second (fps) and has low size, weight, and power (SWaP) as well as low cost.
  • With such more projects to come in the recent future the demand for adaptive optics sytems is expected to grow significantly in the astronomy industry. 
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North America Region to Witness a fastest Growth

  • Adaptive optics were historically developed for and are still being used extensively in defense applications across the world. The United States, with its high defense budgets and well-developed industrial defense complex, continue to use technologies like adaptive optics for developing high energy laser systems along with other applications. American defense spending is expected to continue to remain very high, and it is expected to drive the development of modern defense technology using adaptive optics.
  • In addition to the Defense applications, the astronomical community has been an early adopter of this technology once it was declassified. The 200-inch Hale Telescope in California uses a laser in its adaptive optics system to correct the effects of atmospheric turbulence and enhance the capabilities of the telescope.
  • There continues to be extensive research on the applications of adaptive optics in the field of healthcare across the universities and research laboratories of the North American region. The Institute of Optics, University of Rochester (USA), started by studying the potential for application of adaptive optics in ophthalmology and to correct most of the eye's aberrations to image the living human eye at high resolution and the trend has caught up with a number of universities investing resources to study applications of adaptive optics.
Regional Growth_Adaptive Optics Market

Competitive Landscape

The market for adaptive optics system is consolidated due to the presence of a few companies offering the solutions. However, the companies offering the sensors, software, and other hardware components are increasing, and further, the trend of companies providing and rental services are expected to expand in the forecast period. Some of the recent developments by the companies are as follows:

  • July 2019 - Imaging Optics in collaboration with the EU-funded VOXEL project, developed an innovative way to create three-dimensional imaging without the high doses of X-ray radiation by adapting a technique called plenoptic imaging with the help of adaptive optics systems.
  • June 2019 - TMT observatory signed a contract with CILAS to built TMT deformable mirrors for adaptive optics systems that will enable discoveries in the fields of astronomy, astrophysics, and cosmology.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Introduction to Market Dynamics

    3. 4.3 Market Drivers

      1. 4.3.1 Adoption of Adaptive Optics in Ophthalmology and Retinal Imaging

      2. 4.3.2 Increased Government Funding

    4. 4.4 Market Restraints

      1. 4.4.1 Complex Designing Techniques and High Initial Costs

    5. 4.5 Industry Attractiveness - Porter's Five Force Analysis

      1. 4.5.1 Threat of New Entrants

      2. 4.5.2 Bargaining Power of Buyers/Consumers

      3. 4.5.3 Bargaining Power of Suppliers

      4. 4.5.4 Threat of Substitute Products

      5. 4.5.5 Intensity of Competitive Rivalry

    6. 4.6 Industry Value Chain Analysis

  5. 5. MARKET SEGMENTATION

    1. 5.1 By End-user Industry

      1. 5.1.1 Military & Defence

      2. 5.1.2 Medical

      3. 5.1.3 Industrial

      4. 5.1.4 Consumer Electronics

      5. 5.1.5 Astronomy

      6. 5.1.6 Other End-user Industries

    2. 5.2 Geography

      1. 5.2.1 North America

      2. 5.2.2 Europe

      3. 5.2.3 Asia-Pacific

      4. 5.2.4 Rest of the World

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Flexible Optical B.V.

      2. 6.1.2 Boston Micromachines Corporation

      3. 6.1.3 Imagine Optics Inc.

      4. 6.1.4 Northrop Grumman Corporation

      5. 6.1.5 Phasics SA

      6. 6.1.6 ALPAO

      7. 6.1.7 Thorlabs, Inc.

      8. 6.1.8 Iris AO Inc.

      9. 6.1.9 Active Optical Systems

      10. 6.1.10 CILAS Ariane Group

      11. 6.1.11 Optos Plc

      12. 6.1.12 AKA Optics SAS

      13. 6.1.13 Trex Enterprises

    2. *List Not Exhaustive
  7. 7. INVESTMENT ANALYSIS

  8. 8. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability

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Frequently Asked Questions

The Adaptive Optics Market market is studied from 2018 - 2026.

The Adaptive Optics Market is growing at a CAGR of 38.9% over the next 5 years.

North America is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

Flexible Optical B.V., Boston Micromachines Corporation, Imaging Optic SA, Northrop Grumman Corporation, Phasics S.A are the major companies operating in Adaptive Optics Market.

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