According to the recent study the high precision asphere market is projected to reach an estimated $XX billion by 2028 from $XX billion in 2023, at a CAGR of 8% to 10% from 2023 to 2028. Growth in this market is primarily driven by deployment of high precision asphere in mobile phones and automobiles, increased demand for distance detectors and transmitters, and increased usage of cameras by security agencies for video surveillance.
Browse XX figures / charts and XX tables in this 150 -page report to understand trends, opportunities and forecast in high precision asphere market by product (glass aspherical lens and plastic aspherical lens), application (automotive, camera, mobile phone and tablets, optical instrument, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
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“Glass aspherical lens market is expected to remain the largest segment during the forecast period.”
Based on product, the high precision asphere market is segmented into glass aspherical lens and plastic aspherical lens. Lucintel forecasts that the glass aspherical lens market is expected to remain the largest segment due to because these lenses have a higher range of refractive index, have higher applicability areas, and provides a better focus point and a larger focal length range.
“Within the high precision asphere market, the Mobile phone and tablet segment is expected to remain the largest application”
Based on application the Mobile phone and tablet segment is expected to witness the highest growth over the forecast period due to innovative designs coupled with a wide variety of technological advancements and intensive research to provide a clear vision in smartphones and tablets.
“Asia pacific will dominate the high precision asphere market in near future”
APAC will remain the largest region due to high rate of consumption and production of high precision asphere lens products, and China serves as a highly cost sensitive market, which induces the requirement for low cost but efficient products.
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Major players of high precision asphere market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. NikonCanon, Edmund Optics, Panasonic, Hoya, AGC, SCHOTT AG, Carl Zeiss AG, Largan Precision, Asia Optical are among the major high precision asphere providers.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/high-precision-asphere-market.aspx or [email protected]