An Extensive Study on Adaptive Optics Technology Market
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. The Growth of Adaptive Optics Market can be attributed to the Increasing demand for adaptive optics for high- resolution microscopy, growing value for utilizing adaptive optics in free-space laser communications and utilization of adaptive optics for long-range target identification in military applications.
Rising adoption of adaptive driver-assistance systems (ADAS) in automobiles coupled with increased research investment and funding by the government will further fuel the market growth. Additionally, increasing the use of adaptive optics in ophthalmology and retinal imaging is estimated to aid the adaptive optics market significantly during the forecast period.
Adaptive optics technology Market has been segmented on the basis of By component, By industry verticals, and By geography.