Adaptive optics market surges with rising demand in defense and security

Market - Mohit Shah - May 03,2017

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adaptive optics market surges with rising demand in defense and security

The adaptive optics market on the worldwide scenario is expected to offer an astounding 83.9% CAGR during the period 2016 and 2024, with revenue as the prime highlight.

Smaller and low-cost wavefront sensors are expected to facilitate entry as well as the growth of adaptive optics technology in the market concerned with the smaller observatory, and eventually for the market linked with amateur astronomers. Moreover, with the introduction of technology for sensitive detectors to be developed with faster closed-loop correction, adaptive optics would grow effective at increasingly smaller wavelengths.

As per the recent market research report offered by Transparency Market Research (TMR), the worldwide market for adaptive optics is soon going to witness a significant traction in the next few years. This is primarily due to the widening applications of this technology in varied sectors. The projected surge is at a CAGR of 83.9%, with the sector predicted to rise at a value worth US$109,685.9 mn by the end of 2024.

Considering the technology aspect, the adaptive optics market includes several segments which cover wavefront modulator, a wavefront sensor, and control system. It is important to know that, the wavefront sensor segment managed a share of 45% in the global market in 2015. Also, in the coming years, this segment is likely to dominate the global market network.

The geographic outlook for the adaptive optics market highlights the North American region to surpass all other prominent leaders. In 2015, North America held a share of about 40% (in revenue) in the global market. Interestingly, the U.S. is forecasted to put North America in the lead since the country has a higher recognition of technology in the areas of astronomy, defense, security, and other medical procedures such as biomedical. Some of the prime companies from the United States adaptive optics market are Northrop Grumman Corporation, Boston Micromachines Corporation and IRIS AO, Inc.

 

For more information on this report visit - http://www.transparencymarketresearch.com/adaptive-optics-technology-market.html