The Global Optical Instrument And Lens Market Report by The Business Research Company covers optical instrument and lens market drivers and restraints, optical instrument and lens market size, major players, and the impact of COVID-19 on the optical instrument and lens market.
The optical instrument and lens market consists of sales of optical instruments and lenses by entities (organizations, sole traders, and partnerships) that produce optical instruments and lenses such as binoculars, microscopes (except electron and proton), telescopes, prisms, and lenses (except ophthalmic), coating or polishing lenses (except ophthalmic), and mounting lenses (except ophthalmic). The optical instrument and lens market is segmented into binoculars, microscopes (except electron, proton), telescopes, and other optical instruments and lenses. Only goods and services traded between entities or sold to end consumers are included.
The growing demand for optical instruments and lenses from the medical sector globally contributed to the optical instrument and lens market growth. Medical optics, which is used in endoscopy among others have been and will continue to be a proven technology to further the advancement of medicine.
The global optical instrument and lens market is expected to grow from $46.97 billion in 2020 to $48.95 billion in 2021 at a compound annual growth rate (CAGR) of 4.2%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $65.41 billion in 2025 at a CAGR of 7.5%.
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Some optical instrument and lens market trends include mergers and acquisitions. In May 2019, Thorlabs, a US-based optical equipment supplier announced the acquisition of Cirtemo, LLC for an undisclosed amount. With the acquisition of Cirtemo, LLC, Thorlabs plans to acquire two technologies, namely Multivariate Optical Elements for spectroscopic chemical analysis and Nanopatterning Tools known as MagAssemble. Cirtemo, LLC is a Columbia-based which designs and manufactures patented optical filters, called Multivariate Optical Elements, which are encoded to detect complex chemical compounds.
Global optical instrument and lens market segments include:
1) By Product: Binoculars, Microscopes (Except Electron, Proton), Telescopes, Others.
2) By Application: Medical, Astronomy, Commercial, Defense, Others.
3) By Category: Optical Instruments, Interchangeable Camera Lenses.
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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The Optical Instrument And Lens Global Market Report 2021: COVID 19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides optical instrument and lens market overviews, analyzes and forecasts market size, share, optical instrument and lens market players, optical instrument and lens market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The optical instrument and lens market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read Optical Instrument And Lens Global Market Report 2021: COVID 19 Impact and Recovery to 2030 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries.
Market Players Covered: Canon Inc, Nikon Corp, Olympus Corp, Carl Zeiss AG, Dongguan, Yuyao Yuzhong Optical Instruments Co. Ltd., Jiangsu, Schott, Jaxy Optical Instrument Co. Ltd., Sony Corp, NCR Corporation, Newport Corporation, Oplink Communications Inc., Cognex Corporation, Raytheon Company, 3M Precision Optics Inc., Photronics Inc., Oclaro Inc., KLA-Tencor Corporation, Elbit Systems of America, L-3 Communications Corporation, Leica Microsystems Inc., General Dynamics Global Imaging Technologies, Ii-VI Incorporated, Bushnell Inc., Edmund Optics, Leupold & Stevens, Cyberoptics Corporation, Moxtek, Zygo Corporation.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The Optical Instrument And Lens Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The Optical Instrument And Lens Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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