Europe Precision Optics Market - Analysis and Forecast, 2022-2031

List of Tables

“The Europe Precision Optics Market (excluding U.K.) Expected to Reach $10,599.2 Million by 2031.”

Introduction to Europe Precision Optics Market

The Europe precision optics market (excluding U.K.) is projected to reach $10,599.2 million by 2031 from $4,364.4 million in 2022, growing at a CAGR of 10.36% during the forecast period 2022-2031. The surge in demand for precision optical components in consumer electronics and biomedical devices stands out as a key catalyst propelling the precision optics market in Europe. This heightened demand specifically encompasses precision optical elements like lenses, mirrors, windows, and filters.

KEY MARKET STATISTICS
Forecast Period	2022 - 2031
2022 Evaluation	$4,364.4 Million
2031 Forecast	$10,599.2 Million
CAGR	10.36%

Market Introduction

The European market for precision optics is expanding rapidly, driven mainly by the growing need for these components in important industries including medicinal devices and consumer electronics. For precision optical components like lenses, mirrors, windows, and filters, this increase in demand is especially noteworthy. The market for precision optics is poised for substantial growth as European companies place a greater emphasis on cutting-edge optical technologies to improve product performance. The region is a dynamic and attractive market in the European landscape, with a strong commitment to research and technological breakthroughs that highlight the growing importance of precision optics in numerous applications.

Market Segmentation:

Segmentation 1: by End User

Consumer Electronics
Aerospace and Defense
Semiconductor
Automotive
Biomedical
Manufacturing
Others

Segmentation 2: by Component

Transmissive
- Filters
- Prisms
- Lenses
- Windows
- Polarizers
- Beamsplitters
- Others
Reflective
- Mirrors
- Retroreflectors
- Others

Segmentation 3: by Country

Germany
France
Italy
Spain
Rest-of-Europe (RoE)

How can this report add value to an organization?

Product/Innovation Strategy: The product segment helps the reader understand the different components involved in the Europe precision optics market. The component segment has been segmented into transmissive (filters, prisms, lenses, windows, polarizers, beamsplitters, and others) and reflective (mirrors, retroreflectors, and others). Moreover, the study provides the reader with a detailed understanding of the precision optics market based on end users, including consumer electronics, aerospace and defense, semiconductor, automotive, biomedical, industrial, and others. The increasing adoption of precision optics in advanced manufacturing technology is fuelling the growth of the market.

Growth/Marketing Strategy: The Europe precision optics market has seen major development by key players operating in the market, such as business expansions, partnerships, collaborations, mergers and acquisitions, and joint ventures. The favoured strategy for the companies has been business acquisition to strengthen their position in the Europe precision optics market.

Competitive Strategy: Key players in the Europe 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.

Key Market Players and Competition Synopsis

The companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.

Some of the prominent names established in this market are:

ZEISS International
Solaris Optics

WayRay AG
Zuend Group

Product Code: MCE1511SS

1 Markets

1.1 Industry Outlook
- 1.1.1 Trends: Current and Future
  - 1.1.1.1 Increasing Investments in Microelectronics and Semiconductor Industry
  - 1.1.1.2 Growing Adoption of Self Driving Vehicles
- 1.1.2 Supply Chain Analysis
- 1.1.3 Ecosystem of Precision Optics Market
  - 1.1.3.1 Consortiums and Associations
  - 1.1.3.2 Regulatory/Certification Bodies
  - 1.1.3.3 Government Programs
  - 1.1.3.4 Programs by Research Institutions and Universities
- 1.1.4 Impact of COVID-19 on the Precision Optics Market
- 1.1.5 Impact of Semiconductor War on the Precision Optics Market
  - 1.1.5.1 Dependence on China and the U.S. in Taiwan
  - 1.1.5.2 U.S. Initiatives to Control Exports
  - 1.1.5.3 Critical Challenges Associated with the Policy
1.2 Business Dynamics
- 1.2.1 Business Drivers
  - 1.2.1.1 Growing Demand in Life and Health Sciences Instruments
  - 1.2.1.2 Increasing Adoption of Precision Optics in Advanced Manufacturing
  - 1.2.1.3 Rising Uses of Precision Optics due to High Demand for Consumer Electronics
- 1.2.2 Business Challenges
  - 1.2.2.1 Complex Design and Manufacturing Process of Precision Optics
  - 1.2.2.2 Lack of Skilled Workforce
- 1.2.3 Business Strategies
  - 1.2.3.1 Product Developments
  - 1.2.3.2 Market Developments
- 1.2.4 Corporate Strategies
  - 1.2.4.1 Mergers and Acquisitions
  - 1.2.4.2 Partnerships and Joint Ventures
- 1.2.5 Business Opportunities
  - 1.2.5.1 Growing investments in Defence and Security Industry
  - 1.2.5.2 Increasing Global Interest in the Space Industry
1.3 Start-Up Landscape
- 1.3.1 Key Start-Ups in the Ecosystem

2 Region

2.1 Europe
- 2.1.1 Markets
  - 2.1.1.1 Key Manufacturers/Suppliers in Europe
  - 2.1.1.2 Business Drivers
  - 2.1.1.3 Business Challenges
- 2.1.2 Applications
  - 2.1.2.1 Europe Precision Optics Market (by End User), Volume and Value Data
- 2.1.3 Products
  - 2.1.3.1 Europe Precision Optics Market (by Component), Volume and Value Data
- 2.1.4 Europe (by Country)
  - 2.1.4.1 Germany
    - 2.1.4.1.1 Market
      - 2.1.4.1.1.1 Buyer Attributes
      - 2.1.4.1.1.2 Key Producers and Suppliers in Germany
      - 2.1.4.1.1.3 Business Drivers
      - 2.1.4.1.1.4 Business Challenges
    - 2.1.4.1.2 Applications
      - 2.1.4.1.2.1 Germany Precision Optics Market (by End User), Volume and Value Data
    - 2.1.4.1.3 Products
      - 2.1.4.1.3.1 Germany Precision Optics Market (by Component), Volume and Value Data
  - 2.1.4.2 France
    - 2.1.4.2.1 Market
      - 2.1.4.2.1.1 Buyer Attributes
      - 2.1.4.2.1.2 Key Producers and Suppliers in France
      - 2.1.4.2.1.3 Business Drivers
      - 2.1.4.2.1.4 Business Challenges
    - 2.1.4.2.2 Applications
      - 2.1.4.2.2.1 France Precision Optics Market (by End User), Volume and Value Data
    - 2.1.4.2.3 Products
      - 2.1.4.2.3.1 France Precision Optics Market (by Component), Volume and Value Data
  - 2.1.4.3 Italy
    - 2.1.4.3.1 Market
      - 2.1.4.3.1.1 Buyer Attributes
      - 2.1.4.3.1.2 Key Producers and Suppliers in Italy
      - 2.1.4.3.1.3 Business Drivers
      - 2.1.4.3.1.4 Business Challenges
    - 2.1.4.3.2 Applications
      - 2.1.4.3.2.1 Italy Precision Optics Market (by End User), Volume and Value Data
    - 2.1.4.3.3 Products
      - 2.1.4.3.3.1 Italy Precision Optics Market (by Component), Volume and Value Data
  - 2.1.4.4 Spain
    - 2.1.4.4.1 Markets
      - 2.1.4.4.1.1 Buyer Attributes
      - 2.1.4.4.1.2 Key Producers and Suppliers in Spain
      - 2.1.4.4.1.3 Business Drivers
      - 2.1.4.4.1.4 Business Challenges
    - 2.1.4.4.2 Applications
      - 2.1.4.4.2.1 Spain Precision Optics Market (by End User), Volume and Value Data
    - 2.1.4.4.3 Products
      - 2.1.4.4.3.1 Spain Precision Optics Market (by Component), Volume and Value Data
  - 2.1.4.5 Rest-of-Europe (RoE)
    - 2.1.4.5.1 Market
      - 2.1.4.5.1.1 Buyer Attributes
      - 2.1.4.5.1.2 Key Producers and Suppliers in Rest-of-Europe
      - 2.1.4.5.1.3 Business Drivers
      - 2.1.4.5.1.4 Business Challenges
    - 2.1.4.5.2 Applications
      - 2.1.4.5.2.1 Rest-of-Europe Precision Optics Market (by End User), Volume and Value Data
    - 2.1.4.5.3 Products
      - 2.1.4.5.3.1 Rest-of-Europe Precision Optics Market (by Component), Volume and Value Data
2.2 U.K.
- 2.2.1 Markets
  - 2.2.1.1 Buyer Attributes
  - 2.2.1.2 Key Producers and Suppliers in the U.K.
  - 2.2.1.3 Business Drivers
  - 2.2.1.4 Business Challenges
- 2.2.2 Applications
  - 2.2.2.1 U.K. Precision Optics Market (by End User), Volume and Value Data
- 2.2.3 Products
  - 2.2.3.1 U.K. Precision Optics Market (by Component), Volume and Value Data

3 Markets - Competitive Benchmarking & Company Profiles

3.1 Competitive Benchmarking
- 3.1.1 Competitive Position Matrix
- 3.1.2 Product Matrix for Key Companies
- 3.1.3 Market Share Analysis of Key Companies, 2021
3.2 Company Profiles
- 3.2.1 ZEISS International
  - 3.2.1.1 Company Overview
  - 3.2.1.2 Role of ZEISS International in the Precision Optics Market
    - 3.2.1.2.1 Product Portfolio
    - 3.2.1.2.2 Production/Operation Sites
    - 3.2.1.2.3 R&D Analysis
  - 3.2.1.3 Analyst View
- 3.2.2 Solaris Optics
  - 3.2.2.1 Company Overview
  - 3.2.2.2 Role of Solaris Optics in the Precision Optics market
    - 3.2.2.2.1 Product Portfolio
  - 3.2.2.3 Analyst View
- 3.2.3 WayRay AG
  - 3.2.3.1 Company Overview
  - 3.2.3.2 Role of WayRay AG in the Precision Optics Market
    - 3.2.3.2.1 Product Portfolio
    - 3.2.3.2.2 Business Strategies
      - 3.2.3.2.2.1 Partnerships, Collaborations, Agreements, Investments, and Contracts
  - 3.2.3.3 Analyst View
- 3.2.4 Zuend Group
  - 3.2.4.1 Company Overview
  - 3.2.4.2 Role of Zuend Group in the Precision Optics Market
    - 3.2.4.2.1 Product Portfolio
  - 3.2.4.3 Analyst View

4 Research Methodology

4.1 Primary Data Sources
4.2 BIS Data Sources
4.3 Assumptions and Limitations

Product Code: MCE1511SS

List of Figures

Figure 1: Europe Precision Optics Market, $Million, 2021, 2022, and 2031
Figure 2: Europe Precision Optics Market (by End User), $Million, 2021 and 2031
Figure 3: Europe Precision Optics Market (by Component), $Million, 2021 and 2031
Figure 4: Precision Optics Market (by Region), $Million, 2021 and 2031
Figure 5: Supply Chain Analysis of the Precision Optics Market
Figure 6: Aircraft Deliveries (by Region, Number of Aircraft), 2018-2022
Figure 7: Global Billing of Semiconductor Industry, $Billion, January 2018-October 2022)
Figure 8: ZEISS International: R&D Expenditure
Figure 9: Research Methodology
Figure 10: Top-Down and Bottom-Up Approach
Figure 11: Precision Optics Market: Influencing Factors
Figure 12: Assumptions and Limitations

List of Tables

Table 1: Consortiums and Associations
Table 2: Regulatory/Certification Bodies
Table 3: List of Government Programs for Precision Optics
Table 4: List of Programs by Research Institutions and Universities
Table 5: Key Product Developments
Table 6: Key Market Developments (2018-2021)
Table 7: Key Mergers and Acquisitions
Table 8: Key Partnerships and Joint Ventures
Table 9: Precision Optics Market (by Region), Million Units, 2021-2031
Table 10: Precision Optics Market (by Region), $Million, 2021-2031
Table 11: Europe Precision Optics Market (by End User), Million Units, 2021-2031
Table 12: Europe Precision Optics Market (by End User), $Million, 2021-2031
Table 13: Europe Precision Optics Market (by Component), Million Units, 2021-2031
Table 14: Europe Precision Optics Market (by Component), $Million, 2021-2031
Table 15: Germany Precision Optics Market (by End User), Million Units, 2021-2031
Table 16: Germany Precision Optics Market (by End User), $Million, 2021-2031
Table 17: Germany Precision Optics Market (by Component), Million Units, 2021-2031
Table 18: Germany Precision Optics Market (by Component), $Million, 2021-2031
Table 19: France Precision Optics Market (by End User), Million Units, 2021-2031
Table 20: France Precision Optics Market (by End User), $Million, 2021-2031
Table 21: France Precision Optics Market (by Component), Million Units, 2021-2031
Table 22: France Precision Optics Market (by Component), $Million, 2021-2031
Table 23: Italy Precision Optics Market (by End User), Million Units, 2021-2031
Table 24: Italy Precision Optics Market (by End User), $Million, 2021-2031
Table 25: Italy Precision Optics Market (by Component), Million Units, 2021-2031
Table 26: Italy Precision Optics Market (by Component), $Million, 2021-2031
Table 27: Spain Precision Optics Market (by End User), Million Units, 2021-2031
Table 28: Spain Precision Optics Market (by End User), $Million, 2021-2031
Table 29: Spain Precision Optics Market (by Component), Million Units, 2021-2031
Table 30: Spain Precision Optics Market (by Component), $Million, 2021-2031
Table 31: Rest-of-Europe Precision Optics Market (by End User), Million Units, 2021-2031
Table 32: Rest-of-Europe Precision Optics Market (by End User), $Million, 2021-2031
Table 33: Rest-of-Europe Precision Optics Market (by Component), Million Units, 2021-2031
Table 34: Rest-of-Europe Precision Optics Market (by Component), $Million, 2021-2031
Table 35: U.K. Precision Optics Market (by End User), Million Units, 2021-2031
Table 36: U.K. Precision Optics Market (by End User), $Million, 2021-2031
Table 37: U.K. Precision Optics Market (by Component), Million Units, 2021-2031
Table 38: U.K. Precision Optics Market (by Component), $Million, 2021-2031
Table 39: Product Matrix for Key Companies
Table 40: Market Shares of Key Companies, 2021

Europe Precision Optics Market - Analysis and Forecast, 2022-2031

Description

Table of Contents

List of Tables

Introduction to Europe Precision Optics Market

Market Introduction

Market Segmentation:

Segmentation 1: by End User

Segmentation 2: by Component

Segmentation 3: by Country

How can this report add value to an organization?

Key Market Players and Competition Synopsis

Some of the prominent names established in this market are:

Table of Contents

1 Markets

2 Region

3 Markets - Competitive Benchmarking & Company Profiles

4 Research Methodology

List of Figures

List of Tables