DUBLIN--(BUSINESS WIRE)--The "Adaptive Optics Technology Market - Forecasts from 2018 to 2023" report has been added to ResearchAndMarkets.com's offering.
The adaptive optics technology market is projected to witness a CAGR of 29.09% during the forecast period of 2018-2023 to reach a market size of US$1726.83 million by 2023, increasing from US$373.15 million in 2017.
Increasing demand for this technology across different industry verticals drives the global market for adaptive optics technology. Furthermore, with advancement in technology, various components are being produced at a lower cost thereby driving the demand for the products using this technology. On the contrary, regulatory framework related to the use of powerful laser beam has been declared illegal by a number of countries due to security issues and can hider the market growth.
The North America market will grow on account of widespread deployment of this technology across various industry verticals such as defence and security, astronomy, and healthcare among others. Defense and security system mechanism of the US use this technology for its airborne and ground-based missile defense systems and is estimated that this will surge further due to increased defense spending. Asia Pacific will also drive the market for global adaptive optic technology due to rise in research and development activities as well as technical improvements which are done in the field of adaptive optics technology.
Finally, competitive intelligence section deals with major players in the market, their market shares, growth strategies, products, financials, and recent investments among others. Key industry players profiled as part of this report are Iris AO, Phasics Corp, HOLOEYE Photonics AG, and Northrop Grumman Corporation among others.
Key Topics Covered
2. Research Methodology
3. Executive Summary
4. Market Dynamics
5. Global Adaptive Optics Technology Forecast by Component (US$ million)
6. Global Adaptive Optics Technology Forecast by Industry Vertical (US$ million)
7. Global Adaptive Optics Technology Forecast by Geography (US$ million)
8. Competitive Intelligence
9. Company Profiles
- Baker Adaptive Optics
- Boston Micromachines Corporation
- Northrop Grumman Corporation
- HOLOEYE Photonics
For more information about this report visit https://www.researchandmarkets.com/research/2q9lhw/global_adaptive?w=4