Market Size of Adaptive Optics Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 38.90 % |
| Fastest Growing Market | North America |
| Largest Market | North America |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Adaptive Optics Market Analysis
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.
