Aspherical Lens Global Market Report 2025

Aspherical lenses deviate from the traditional spherical, symmetrical curvature found in optical lenses. They're utilized in high-quality optics to improve image clarity and reduce certain optical imperfections. These lenses boast a front surface with a gradual, more intricate curvature.

The primary types include glass aspherical lenses, plastic aspherical lenses, and other specialized variants. Glass aspherical lenses feature a non-spherical, symmetric curvature and are crafted through diverse manufacturing processes such as molding and polishing. They're available as single or double aspherical lenses, finding application across various industries such as consumer electronics, digital cameras, automotive, ophthalmic equipment, fiber optics, and more.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

The sharp increase in U.S. tariffs and resulting trade tensions in spring 2025 are significantly impacting the medical equipment sector, especially for imported components used in imaging machines, surgical-grade stainless steel, and disposable plastics. With hospitals and clinics pushing back against price increases, manufacturers are facing margin pressure. The situation is further complicated by regulatory challenges, as switching suppliers due to tariffs often necessitates re-certification of medical devices, leading to delays in market entry. In response, companies are mitigating risks by dual-sourcing key components, ramping up domestic production of standardized items, and accelerating research into more cost-effective materials.

The aspherical lens market research report is one of a series of new reports from The Business Research Company that provides aspherical lens market statistics, including the aspherical lens industry global market size, regional shares, competitors with an aspherical lens market share, detailed aspherical lens market segments, market trends, and opportunities, and any further data you may need to thrive in the aspherical lens industry. This aspherical lens market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The aspherical lens market size has grown strongly in recent years. It will grow from $8.91 billion in 2024 to $9.44 billion in 2025 at a compound annual growth rate (CAGR) of 6.0%. The growth in the historic period can be attributed to rising demand for high-quality imaging, growth in healthcare industry, consumer electronics boom, automotive applications, photography and videography trends.

The aspherical lens market size is expected to see strong growth in the next few years. It will grow to $12.7 billion in 2029 at a compound annual growth rate (CAGR) of 7.7%. The growth in the forecast period can be attributed to a rapid expansion of augmented reality (AR) and virtual reality (VR), continued innovation in imaging technologies, automotive industry evolution, the growing importance of lidar technology, and expanding applications in industrial and scientific instruments. Major trends in the forecast period include precision manufacturing techniques, a rise in 3d sensing technology, optical systems in aerospace and defense, the development of lightweight and compact optics, customization and specialty lens designs.

The forecast of 7.7% growth over the next five years remains unchanged from the previous projection for this market.This reduction is primarily due to the impact of tariffs between the US and other countries. This is likely to directly affect the US through delays in acquiring precision glass molding equipment from Japan and high-index optical polymers from South Korea, impacting medical imaging device production.The effect will also be felt more widely due to reciprocal tariffs and the negative effect on the global economy and trade due to increased trade tensions and restrictions.

An increase in vehicle production is anticipated to drive the growth of the aspherical lens market. Vehicle production refers to the mass manufacturing of similar models that are sold to the public and are street-legal, meaning they can be driven on public roads. Aspherical lenses are utilized in automotive headlamps to maintain a constant focal length, enhancing vehicle performance, facilitating easier driving, and improving road safety. For example, in January 2024, Statistics Canada, the country's national statistical agency, reported that Canada recorded sales of 1,755,741 new motor vehicles in 2023, representing a 12.7% increase (+197,504 units) compared to 2022. Therefore, the rising vehicle production is contributing to the growth of the aspherical lens market.

The burgeoning usage of consumer electronics is set to be a driving force behind the expansion of the aspherical lens market. These electronics encompass personal gadgets such as smartphones, tablets, laptops, TVs, gaming consoles, and wearable devices. Aspherical lenses play a crucial role in these devices, rectifying optical aberrations and ensuring precise imaging in compact designs. For instance, data from Canalys in May 2022 indicated a 3.7% year-on-year increase in North American smartphone shipments, totaling 39.0 million units in Q1 2022. Market shares revealed significant growth for brands such as Apple, Samsung, TCL, and Google. Hence, the surge in consumer electronics usage is fueling the growth of the aspherical lens market.

The aspherical lens market witnesses a significant trend in product innovation as companies strive to maintain their market presence. A prime example is Sony Corporation's introduction of the FE 20-70mm F4 G lens in January 2023. This lens leverages cutting-edge technology to offer a unique ultra-wide 20-70 mm zoom range while ensuring superior G Lens image quality. The innovative optical design, comprising advanced elements such as aspherical, extra-low dispersion, and ED aspherical elements, corrects chromatic and spherical aberrations, delivering exceptional optical performance across the entire zoom range.

Major players in the aspherical lens market are dedicated to pioneering ultra-wide aspherical lenses. These lenses possess an extensive field of view, rectifying optical aberrations associated with wide-angle imaging. An example is a China-based lens manufacturer's announcement of its '9mm F5.6' aspherical full-frame lens in October 2023. This lens offers a non-fisheye ultra-wide-angle perspective of 132°, minimizing distortion through an advanced aspherical optical design. Constructed with multiple elements, including aspherical and ED elements, it delivers virtually zero distortion, catering to high-quality wide-angle photography.

In September 2024, Focuslight Technologies Inc., a China-based photonics company, acquired optical component assets from ams OSRAM AG for an undisclosed amount. This acquisition is intended to bolster Focuslight's position in the photonics sector by expanding its range of advanced sensor and lighting solutions. ams OSRAM AG is an Austria-based company that specializes in sensor solutions and lighting technologies.

Major companies operating in the aspherical lens market include Nikon Corporation, Canon Inc., Panasonic Holding Corporation, Hoya Corporation, AGC Inc., Schott AG, Carl Zeiss AG, Tokai Optical Co. Ltd., Seiko Optical Products Co. Ltd., Calin Technology Co. Ltd., Sunny Optical Technology Company Limited, Zhejiang Lante Optics Co. Ltd., Mingyue Optical Lens Co. Ltd., Hyperion Optics Inc., Jenoptik AG, Knight Optical Ltd., Dg Optoelectronics, Olympus Corporation, Tamron Co. Ltd., Sony Corporation, Fujifilm Holdings Corporation, Konica Minolta Inc., Samsung Electronics Co. Ltd., LG Electronics Inc., Pentax Corporation, Sigma Corporation, Leica Camera AG, Schneider Optische Werke GmbH, Rodenstock GmbH, Edmund Optics Inc., Thorlabs Inc., Largan Precision Co. Ltd., Fujian Forecam Optics Co. Ltd., Kinko Optical Co. Ltd., Nanyang Bright Optical Co. Ltd.

Asia-Pacific was the largest region in the aspherical lens market in 2024 and is expected to be the fastest-growing region in the global aspherical lens market report during the forecast period. The regions covered in the aspherical lens market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the aspherical lens market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain

The aspherical lens market consists of precision aspherized achromatic lenses, precision polished aspheres, laser-grade aspheres, diamond turned aspheres and hybrid aspherized achromatic lenses. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Aspherical Lens Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on aspherical lens market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for aspherical lens ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The aspherical lens market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include:

The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.

• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

• Markets Covered:1) By Type: Glass Aspherical Lens; Plastic Aspherical Lens; Other Types
• 2) By Manufacturing Technology: Molding; Polishing; Other Technologies
• 3) By Offering: Single Aspherical Lens; Double Aspherical Lens
• 4) By Application: Consumer Electronics; Digital Cameras; Automotive; Ophthalmic; Fiber Optics; Other Applications
• Subsegments:
• 1) By Glass Aspherical Lens: Molded Glass Aspherical Lenses; Ground Glass Aspherical Lenses
• 2) By Plastic Aspherical Lens: Injection-Molded Plastic Aspherical Lenses; Hybrid Plastic Aspherical Lenses
• 3) By Other Types: Coated Aspherical Lenses; Custom-Made Aspherical Lenses
• Companies Mentioned: Nikon Corporation; Canon Inc.; Panasonic Holding Corporation; Hoya Corporation; AGC Inc.; Schott AG; Carl Zeiss AG; Tokai Optical Co. Ltd.; Seiko Optical Products Co. Ltd.; Calin Technology Co. Ltd.; Sunny Optical Technology Company Limited; Zhejiang Lante Optics Co. Ltd.; Mingyue Optical Lens Co. Ltd.; Hyperion Optics Inc.; Jenoptik AG; Knight Optical Ltd.; Dg Optoelectronics; Olympus Corporation; Tamron Co. Ltd.; Sony Corporation; Fujifilm Holdings Corporation; Konica Minolta Inc.; Samsung Electronics Co. Ltd.; LG Electronics Inc.; Pentax Corporation; Sigma Corporation; Leica Camera AG; Schneider Optische Werke GmbH; Rodenstock GmbH; Edmund Optics Inc.; Thorlabs Inc.; Largan Precision Co. Ltd.; Fujian Forecam Optics Co. Ltd.; Kinko Optical Co. Ltd.; Nanyang Bright Optical Co. Ltd.
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
• Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time Series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data Segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
• Delivery Format: PDF, Word and Excel Data Dashboard.