Global wavefront sensor market size was US$ XX Bn in 2019 and is expected to reach US$ XX Bn by 2027, at a CAGR of ~35% during the forecast period.
The report study has analyzed the revenue impact of COVID -19 pandemic on the sales revenue of market leaders, market followers, and market disrupters in the report, and the same is reflected in our analysis.
Global wavefront sensor market Definition
Wavefront sensing is the technique or process which is used to simultaneously measure phase and amplitude of an incoming optical field. A wavefront sensor is electronics sensing device that is basically used to measure the divergences of an optical wavefront.
Global wavefront sensor market Dynamics
A surge in the adoption of wavefront sensors in applications such as in ophthalmology, adaptive optics systems and in lens testing is major driving factor behind the growth of the market. Ongoing research and development activities in the field of adaptive optics, increasing importance of wavefront sensors in defense sector, growing technological advancement in the field of consumer devices, defense and astronomy and rising demand for more flexible, highly precise and high sensitive wavefront sensors are expected to improve the growth of the market during the forecast period.
Nevertheless, designing complexity and high installation cost associated with the wavefront sensors are the major restraining factors that could hinder the growth of the market.
Global Wavefront Sensor Market: Segmentation Analysis
By type, Shack-Hartmann wavefront sensor segment dominated the market in 2019 and is projected to witness fast growth at CAGR of XX% during the forecast period. A Shack–Hartmann wavefront sensor is an optical measuring instrument which is used to characterize an imaging system. A surge in the adoption of this sensor in astronomical applications such as in telescopes and in medical applications like for corneal treatment is attributed to the growth of the market. A rising demand of Shack-Hartmann wavefront sensors in various laser applications such as in laser material processing and laser beam diagnostic, rising significance of these sensors in microscopy and metrology applications and continuous introduction of these sensors by various leading manufacturers are expected to expand growth of the market in the coming years.
By industry, security and defence segment projected to witness high growth at a CAGR of XX% during the forecast period. An increasing adoption adaptive optic system in security and defense sector for the development of high-tech security and defense weapons is accredited to the growth of the market. However, biomedical segment is witnessing fast growth at a CAGR of XX%. A growing use of wavefront sensors in biomedical microscopy application for instance in adaptive scanning optical microscopes is further impelling the market growth.
Global Wavefront Sensor Market: Regional Analysis
Region-wise, North America held the largest market share in 2019 and is expected to continue its dominance at CAGR of XX% during the forecast period. The US and Canada are the major key contributors behind the growth of the market. The growth is attributed to the high adoption of wavefront sensor in various industrial applications such as in high end medical devices.
Rising adoption of wavefront sensors in various scientific applications, increasing significance of wavefront sensors in astronomical telescopes and growing investments in R&D activities in the field of optics technology are driving the growth of the market in the NA region.
Global Wavefront Sensor Market: Key Development
In July 2020, TRIOPTICS GmbH and Jenoptik AG have signed an agreement to build a photonics-focused technology group.
The objective of the report is to present a comprehensive analysis of the Global Wavefront Sensor Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Wavefront Sensor Market dynamics, structure by analyzing the market segments and projects the Global Wavefront Sensor Market. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Wavefront Sensor Market make the report investor’s guide.
Scope of Global Wavefront Sensor Market: Inquire before buying
Global Wavefront Sensor Market, By Type
• Wavefront Curvature Sensor
• Shack-Hartmann Wavefront Sensor
• Pyramid Wavefront Sensor
• Foucault Knife-Edge Test
• Common Path Interferometer
• Multilateral Shearing Interferometer
• Ronchi Tester
• Shearing Interferometer
Global Wavefront Sensor Market, By Industry
• Security & Defense
• Consumer Devices
• Communication and Information Technology
Global Wavefront Sensor Market, By Region
• North America
• Asia Pacific
• South America
• Middle East and Africa
Global Wavefront Sensor Market, Key Players
• Benchmark Electronics, Inc
• IRIS AO, Inc
• Olympus Corp
• Flexible Optical B.V
• Northrop Grumman Corporation
• Boston Micromachines Corporation
• Optikos Corporation
• TRIOPTICS GmbH
• Active Optical Systems LLC
• AKA Optics SAS
• Axiom Optics
• Dynamic Optics Srl
• Imagine Optic Inc
• Optocraft GMBH
• Baker Adaptive Optics
• Metrolux GmbH
• SpotOptics srl
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