Technavio, a tech-focused market research firm, has published a new report on the global adaptive optics market, which is anticipated to grow at a CAGR of close to 44% during the estimated period 2017-2021.
Based on geographical segmentation, Technavio market researchers classify the global adaptive optics market into the following key regions: the Americas, APAC, and EMEA.
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Adaptive optics market in the Americas: The growth in the military expenditure, technical advances, and usage in the Americas will drive the market for adaptive optics in this region. The North American countries like the US and Canada will lead the revenue contribution of these devices in the American market. The rising need for protection from various weapons using electronic countermeasures, intelligence, surveillance, and reconnaissance (ISR) capabilities, and the need for improvement in lethal attacks against enemies will lead to the increasing adoption of adaptive optics in the market.
According to Sunil Kumar Singh, a lead analyst at Technavio, specializing in research on lighting, “The increasing investments in the development of RF sensing and communications, control communication networks, short-range tactical communications, long-range command, and networked defensive systems will drive the market for adaptive optics in the Americas. The growing requirement for advanced satellites for navigation, communications, and spy satellites will boost the demand for these optics in the region over the next few years.”
Adaptive optics market in APAC: The development of the APAC economy will increase the defense budgets for various countries in the region. The increase in military budgets in countries like China, Japan, and India will result in the adoption of advance military equipment in the region. The use of advanced communication systems, GPS, and satellites for naval and aerial fleets will boost the sales of adaptive optics in the APAC market.
Adaptive optics market in EMEA: The impressive growth in the European aerospace and defense sector will drive the demand for adaptive optics in this market. The development and upgradation of surface-to-air missiles from infrared artillery to a more advanced and complex radio frequency gear will revolutionize the EMEA market during the forecast period. The increasing investments for space launch missions will increase the adoption of these optics in the EMEA market.
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The top leading manufacturers operating in the global adaptive optics market are:
- Baker Adaptive Optics
- Benchmark Electronics
- Boston Micromachines
- HoloEye Photonics
- Northrop Grumman
- Sacher Lasertechnik
- Synopsys Optical Solutions Group
- Thorlabs
A more thorough analysis is available in the Technavio report titled, ‘Global Adaptive Optics Market 2017-2021’. Technavio also customizes reports by other regions and specific sections upon request.
Other related reports:
- Global CMOS Camera Module Market 2016-2020
- Global Automotive Inertial Measurement Unit Sensors Market 2016-2020
- Global Automotive Night Vision System Market 2016-2020
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