Global Optical Lens Market Size Study & Forecast, by Type (Converging, Diverging), By Application (AR/VR/Headsets or Mounted Display, Camera, Automotive, Smartphones, Medical Surgery, Others), and Regional Analysis, 2023-2030

Description

List of Tables

Global Optical Lens Market is valued at approximately USD 16.88 billion in 2022 and is anticipated to grow with a growth rate of more than 8.8% over the forecast period 2023-2030. An optical lens is a transparent optical component characterized by one or more curved surfaces, allowing it to transmit or manipulate light. It is used in its natural state or enhanced with an anti-reflective coating, finding application across a broad spectrum of functions such as rectifying optical aberrations, enabling magnification, facilitating image projection, and achieving precise image focusing. These versatile optical elements are typically crafted from transparent materials such as glass, polymers, acrylics, and minerals. The Optical Lens Market is expanding because of factors such as the rising demand for a variety of consumer electronic devices, notably smartphones and digital cameras, along with increased adoption in diagnostic medical imaging. Also, the rising disposable income in developing nations, rapid technological advancements, and the growing popularity of e-commerce platforms are some more factors that are exhibiting a positive influence on market growth. As per data from the International Telecommunication Union (ITU), a remarkable 73% of individuals aged 10 and above owned a mobile phone globally in 2022. Optical lenses play a pivotal role in enhancing smartphone capabilities, enabling the capture of high-quality images and videos.

In addition, the rising cases of optical disorders and the surging demand for vision correction are acting as catalyzing factors for market growth over the analysis period. According to the World Health Organization (WHO), in 2023, it was estimated that at least 2.2 billion people worldwide suffer from a near- or distance vision impairment. At least 1 billion of people have vision impairment that are either avoidable or have not yet been treated. The leading causes of distance vision impairment or blindness among these 1 billion people are cataracts (94 million cases), refractive error (88.4 million cases), age-related macular degeneration (8 million cases), glaucoma (7.7 million cases), and diabetic retinopathy (3.9 million cases). Also, presbyopia is accounted as the primary condition resulting in near vision impairment among 826 million individuals. People of all ages experience vision loss, however, the majority of those who experience blindness and visual loss are recorded as over 50. As per the United Nations, there were 703 million persons aged 65 years or over in the world in 2019. The number of older persons is projected to double to 1.5 billion in 2050. Thus, these aforementioned factors are propelling the growth of the Optical Lens Market during the estimated period. Moreover, the rising inclination towards machine vision across various industries, as well as the increasing popularity of augmented reality (AR) and virtual reality (VR) devices present various lucrative opportunities over the forecast years. However, the high cost of optical lenses and the competition from other optical technologies are challenging the market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Optical Lens Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific dominated the market in 2022 owing to the growing production of automobiles, as well as rising demand for consumer electronics products. Also, the rise in the prevalence of eye disorders and the increasing geriatric population in the region are also the key factors that are fostering the market demand during the estimated period. Whereas, North America is expected to grow at a significant CAGR over the forecast years. The rising integration of optical lenses in automotive and industrial applications, as well as the increasing prevalence of vision disorders are significantly propelling the market demand across the region.

Major market players included in this report are:

Sunny Optical Technology (Group) Company Limited (China)
Tamron Co., Ltd. (Japan)
Canon Inc. (Japan)
Largan Precision Co., Ltd. (Taiwan)
Fujifilm Corporation (Japan)
Nikon Corporation (Japan)
Genius Electronic Optical (Taiwan)
Zeiss International (Germany)
Sony Electronics Inc. (Japan)
Sigma Corporation (Japan)

Recent Developments in the Market:

In June 2023, Nikon Corporation- a manufacturer of optical instruments unveiled its plan to enhance the capacity of its optics factory in Japan, which manufactures lenses for cameras, microscopes, and semiconductor exposure equipment. The facility is expected to cost around USD 224 million, and it is projected to start operating in 2026.
In June 2022, SIGMA Corporation announced the SIGMA 16-28mm F2.8 DG DN. These lenses are especially designed for landscape, wedding, and travel photography because of their sturdy and lightweight bodies.
In May 2022, Tamron Co., Ltd. introduced compact 29mm machine-vision lenses compatible with models MA23F12V (focal length 12mm), MA23F16V (16mm), and MA23F50V (50mm). The aim of this launch is to meet the rising demand for megapixel cameras needed in substrate mounting equipment, test equipment, production equipment, and various engineering machines for inspection purposes.

Global Optical Lens Market Report Scope:

Historical Data - 2020 - 2021
Base Year for Estimation - 2022
Forecast period - 2023-2030
Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered - Type, Application, Region
Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope - Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:

Converging
Diverging

By Application:

AR/VR/Headsets or Mounted Display
Camera
Automotive
Smartphones
Medical Surgery
Others

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
- 1.2.1. Optical Lens Market, by region, 2020-2030 (USD Billion)
- 1.2.2. Optical Lens Market, by Type, 2020-2030 (USD Billion)
- 1.2.3. Optical Lens Market, by Application, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

Chapter 2. Global Optical Lens Market Definition and Scope

2.1. Objective of the Study
2.2. Market Definition & Scope
- 2.2.1. Industry Evolution
- 2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

Chapter 3. Global Optical Lens Market Dynamics

3.1. Optical Lens Market Impact Analysis (2020-2030)
- 3.1.1. Market Drivers
  - 3.1.1.1. Increasing demand for a variety of consumer electronic devices
  - 3.1.1.2. Rising cases of optical disorders and the surging demand for vision correction
- 3.1.2. Market Challenges
  - 3.1.2.1. High cost of optical lenses
  - 3.1.2.2. Competition from other optical technologies
- 3.1.3. Market Opportunities
  - 3.1.3.1. Rising inclination towards machine vision across various industries
  - 3.1.3.2. Increasing popularity of augmented reality (AR) and virtual reality (VR) devices

Chapter 4. Global Optical Lens Market: Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
4.2. Porter's 5 Force Impact Analysis
4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion

Chapter 5. Global Optical Lens Market, by Type

5.1. Market Snapshot
5.2. Global Optical Lens Market by Type, Performance - Potential Analysis
5.3. Global Optical Lens Market Estimates & Forecasts by Type 2020-2030 (USD Billion)
5.4. Optical Lens Market, Sub Segment Analysis
- 5.4.1. Converging
- 5.4.2. Diverging

Chapter 6. Global Optical Lens Market, by Application

6.1. Market Snapshot
6.2. Global Optical Lens Market by Application, Performance - Potential Analysis
6.3. Global Optical Lens Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
6.4. Optical Lens Market, Sub Segment Analysis
- 6.4.1. AR/VR/Headsets or Mounted Display
- 6.4.2. Camera
- 6.4.3. Automotive
- 6.4.4. Smartphones
- 6.4.5. Medical Surgery
- 6.4.6. Others

Chapter 7. Global Optical Lens Market, Regional Analysis

7.1. Top Leading Countries
7.2. Top Emerging Countries
7.3. Optical Lens Market, Regional Market Snapshot
7.4. North America Optical Lens Market
- 7.4.1. U.S. Optical Lens Market
  - 7.4.1.1. Type breakdown estimates & forecasts, 2020-2030
  - 7.4.1.2. Application breakdown estimates & forecasts, 2020-2030
- 7.4.2. Canada Optical Lens Market
7.5. Europe Optical Lens Market Snapshot
- 7.5.1. U.K. Optical Lens Market
- 7.5.2. Germany Optical Lens Market
- 7.5.3. France Optical Lens Market
- 7.5.4. Spain Optical Lens Market
- 7.5.5. Italy Optical Lens Market
- 7.5.6. Rest of Europe Optical Lens Market
7.6. Asia-Pacific Optical Lens Market Snapshot
- 7.6.1. China Optical Lens Market
- 7.6.2. India Optical Lens Market
- 7.6.3. Japan Optical Lens Market
- 7.6.4. Australia Optical Lens Market
- 7.6.5. South Korea Optical Lens Market
- 7.6.6. Rest of Asia Pacific Optical Lens Market
7.7. Latin America Optical Lens Market Snapshot
- 7.7.1. Brazil Optical Lens Market
- 7.7.2. Mexico Optical Lens Market
7.8. Middle East & Africa Optical Lens Market
- 7.8.1. Saudi Arabia Optical Lens Market
- 7.8.2. South Africa Optical Lens Market
- 7.8.3. Rest of Middle East & Africa Optical Lens Market

Chapter 8. Competitive Intelligence

8.1. Key Company SWOT Analysis
- 8.1.1. Company 1
- 8.1.2. Company 2
- 8.1.3. Company 3
8.2. Top Market Strategies
8.3. Company Profiles
- 8.3.1. Sunny Optical Technology (Group) Company Limited (China)
  - 8.3.1.1. Key Information
  - 8.3.1.2. Overview
  - 8.3.1.3. Financial (Subject to Data Availability)
  - 8.3.1.4. Product Summary
  - 8.3.1.5. Recent Developments
- 8.3.2. Tamron Co., Ltd. (Japan)
- 8.3.3. Canon Inc. (Japan)
- 8.3.4. Largan Precision Co., Ltd. (Taiwan)
- 8.3.5. Fujifilm Corporation (Japan)
- 8.3.6. Nikon Corporation (Japan)
- 8.3.7. Genius Electronic Optical (Taiwan)
- 8.3.8. Zeiss International (Germany)
- 8.3.9. Sony Electronics Inc. (Japan)
- 8.3.10. Sigma Corporation (Japan)

Chapter 9. Research Process

9.1. Research Process
- 9.1.1. Data Mining
- 9.1.2. Analysis
- 9.1.3. Market Estimation
- 9.1.4. Validation
- 9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Optical Lens Market, report scope
TABLE 2. Global Optical Lens Market estimates & forecasts by Region 2020-2030 (USD Billion)
TABLE 3. Global Optical Lens Market estimates & forecasts by Type 2020-2030 (USD Billion)
TABLE 4. Global Optical Lens Market estimates & forecasts by Application 2020-2030 (USD Billion)
TABLE 5. Global Optical Lens Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 6. Global Optical Lens Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 7. Global Optical Lens Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 8. Global Optical Lens Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 9. Global Optical Lens Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 10. Global Optical Lens Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 11. Global Optical Lens Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 12. Global Optical Lens Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 13. Global Optical Lens Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 14. Global Optical Lens Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 15. U.S. Optical Lens Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 16. U.S. Optical Lens Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 17. U.S. Optical Lens Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 18. Canada Optical Lens Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 19. Canada Optical Lens Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 20. Canada Optical Lens Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 21. UK Optical Lens Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 22. UK Optical Lens Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 23. UK Optical Lens Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 24. Germany Optical Lens Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 25. Germany Optical Lens Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 26. Germany Optical Lens Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 27. France Optical Lens Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 28. France Optical Lens Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 29. France Optical Lens Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 30. Italy Optical Lens Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 31. Italy Optical Lens Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 32. Italy Optical Lens Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 33. Spain Optical Lens Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 34. Spain Optical Lens Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 35. Spain Optical Lens Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 36. RoE Optical Lens Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 37. RoE Optical Lens Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 38. RoE Optical Lens Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 39. China Optical Lens Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 40. China Optical Lens Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 41. China Optical Lens Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 42. India Optical Lens Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 43. India Optical Lens Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 44. India Optical Lens Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 45. Japan Optical Lens Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 46. Japan Optical Lens Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 47. Japan Optical Lens Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 48. South Korea Optical Lens Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 49. South Korea Optical Lens Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 50. South Korea Optical Lens Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 51. Australia Optical Lens Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 52. Australia Optical Lens Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 53. Australia Optical Lens Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 54. RoAPAC Optical Lens Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 55. RoAPAC Optical Lens Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 56. RoAPAC Optical Lens Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 57. Brazil Optical Lens Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 58. Brazil Optical Lens Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 59. Brazil Optical Lens Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 60. Mexico Optical Lens Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 61. Mexico Optical Lens Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 62. Mexico Optical Lens Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 63. RoLA Optical Lens Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 64. RoLA Optical Lens Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 65. RoLA Optical Lens Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 66. Saudi Arabia Optical Lens Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 67. South Africa Optical Lens Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 68. RoMEA Optical Lens Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 69. List of secondary sources, used in the study of global Optical Lens Market
TABLE 70. List of primary sources, used in the study of global Optical Lens Market
TABLE 71. Years considered for the study
TABLE 72. Exchange rates considered

List of tables and figures and dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

FIG 1. Global Optical Lens Market, research methodology
FIG 2. Global Optical Lens Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Optical Lens Market, key trends 2022
FIG 5. Global Optical Lens Market, growth prospects 2023-2030
FIG 6. Global Optical Lens Market, porters 5 force model
FIG 7. Global Optical Lens Market, pest analysis
FIG 8. Global Optical Lens Market, value chain analysis
FIG 9. Global Optical Lens Market by segment, 2020 & 2030 (USD Billion)
FIG 10. Global Optical Lens Market by segment, 2020 & 2030 (USD Billion)
FIG 11. Global Optical Lens Market by segment, 2020 & 2030 (USD Billion)
FIG 12. Global Optical Lens Market by segment, 2020 & 2030 (USD Billion)
FIG 13. Global Optical Lens Market by segment, 2020 & 2030 (USD Billion)
FIG 14. Global Optical Lens Market, regional snapshot 2020 & 2030
FIG 15. North America Optical Lens Market 2020 & 2030 (USD Billion)
FIG 16. Europe Optical Lens Market 2020 & 2030 (USD Billion)
FIG 17. Asia pacific Optical Lens Market 2020 & 2030 (USD Billion)
FIG 18. Latin America Optical Lens Market 2020 & 2030 (USD Billion)
FIG 19. Middle East & Africa Optical Lens Market 2020 & 2030 (USD Billion)