The global optical glass market is anticipated to reach $2.00 billion by 2032, growing from $1.19 billion in 2022 at a CAGR of 5.7% from 2023 to 2032.
Optical glass is recognized for its excessive transmission, low dispersion, and homogenous refraction indices. These properties result from the continuous melting method and subsequent finishing techniques used to create optical glass. Optical glass is categorized into flint glass and crown glass. Flint glass has an Abbe number < 55 and usually < 50. Flint glass is denser due to the inclusion of a variety of metallic oxides and well-known shows sturdy chromatic dispersion. Crown glass has an Abbe number> 50 and generally > 55. Crown glass is usually much less dense resulting from higher utilization of alkali metals and famous low chromatic dispersion.
The expanding digital industry significantly drives the optical glass market growth due to the growing demand for optical components in a number digital devices. The digital industry drives the demand for digital camera lenses used in smartphones, digital cameras, security cameras, and different imaging devices. Optical glass is crucial for manufacturing these lenses, as it provides the clarity, sharpness, and optical properties required for shooting high-resolution snap shots and videos. The digital industry depends on optical glass for screens and monitors in devices such as smartphones, tablets, laptops, TVs, and monitors. Specialty glass with precise optical coatings and properties is used to enhance display performance, together with brightness, color accuracy, and viewing angles. Optical sensors are essential elements in electronic units for detecting light, colors, proximity, motion, and different environmental factors. Optical glass is used in the manufacture of optical sensor components such as lenses, filters, and windows, enabling accurate sensing and size capabilities.
Optical glass manufacturing requires particular raw materials with specific chemical compositions to achieve favored optical properties. Limited availability or fluctuations in the supply of these raw substances can constrain manufacturing and lead to supply chain disruptions, affecting the availability and cost of optical glass products. In addition, the manufacturing method of optical glass entails precision machining, polishing, and coating, which require state-of-the-art equipment and skilled labor. High manufacturing charges can make optical glass products expensive, limiting their adoption in cost-sensitive applications and markets.
Emerging applications such as virtual reality (VR) and augmented reality (AR) indeed present significant opportunities for the optical glass market players. VR and AR devices require high-quality optical components, including lenses, mirrors, waveguides, and displays, to create immersive visual experiences for users. Optical glass materials with specific optical properties, such as high transparency, low dispersion, and precise surface quality, are essential for manufacturing these components and ensuring optimal performance in VR and AR systems. VR and AR headsets utilize complex optical systems consisting of multiple lenses and displays to simulate immersive environments and overlay digital information on the user's real-world view. Optical glass is used in the production of these lenses to achieve the desired field of view, depth perception, and image clarity, driving demand for specialty glass materials in the manufacturing of VR and AR devices.
The key players profiled in this report include Schott, Hoya, Ohara Corporation, Edmund Optics, Crystran Ltd., Sterling Precision Optics, Sumita Optical Glass, CDGM Glass Company, Nikon Corporation, and Carl Zeiss. The market players are continuously striving to achieve a dominant position in this competitive market using strategies such as collaborations and acquisitions.
Optical glass is recognized for its excessive transmission, low dispersion, and homogenous refraction indices. These properties result from the continuous melting method and subsequent finishing techniques used to create optical glass. Optical glass is categorized into flint glass and crown glass. Flint glass has an Abbe number < 55 and usually < 50. Flint glass is denser due to the inclusion of a variety of metallic oxides and well-known shows sturdy chromatic dispersion. Crown glass has an Abbe number> 50 and generally > 55. Crown glass is usually much less dense resulting from higher utilization of alkali metals and famous low chromatic dispersion.
The expanding digital industry significantly drives the optical glass market growth due to the growing demand for optical components in a number digital devices. The digital industry drives the demand for digital camera lenses used in smartphones, digital cameras, security cameras, and different imaging devices. Optical glass is crucial for manufacturing these lenses, as it provides the clarity, sharpness, and optical properties required for shooting high-resolution snap shots and videos. The digital industry depends on optical glass for screens and monitors in devices such as smartphones, tablets, laptops, TVs, and monitors. Specialty glass with precise optical coatings and properties is used to enhance display performance, together with brightness, color accuracy, and viewing angles. Optical sensors are essential elements in electronic units for detecting light, colors, proximity, motion, and different environmental factors. Optical glass is used in the manufacture of optical sensor components such as lenses, filters, and windows, enabling accurate sensing and size capabilities.
Optical glass manufacturing requires particular raw materials with specific chemical compositions to achieve favored optical properties. Limited availability or fluctuations in the supply of these raw substances can constrain manufacturing and lead to supply chain disruptions, affecting the availability and cost of optical glass products. In addition, the manufacturing method of optical glass entails precision machining, polishing, and coating, which require state-of-the-art equipment and skilled labor. High manufacturing charges can make optical glass products expensive, limiting their adoption in cost-sensitive applications and markets.
Emerging applications such as virtual reality (VR) and augmented reality (AR) indeed present significant opportunities for the optical glass market players. VR and AR devices require high-quality optical components, including lenses, mirrors, waveguides, and displays, to create immersive visual experiences for users. Optical glass materials with specific optical properties, such as high transparency, low dispersion, and precise surface quality, are essential for manufacturing these components and ensuring optimal performance in VR and AR systems. VR and AR headsets utilize complex optical systems consisting of multiple lenses and displays to simulate immersive environments and overlay digital information on the user's real-world view. Optical glass is used in the production of these lenses to achieve the desired field of view, depth perception, and image clarity, driving demand for specialty glass materials in the manufacturing of VR and AR devices.
The key players profiled in this report include Schott, Hoya, Ohara Corporation, Edmund Optics, Crystran Ltd., Sterling Precision Optics, Sumita Optical Glass, CDGM Glass Company, Nikon Corporation, and Carl Zeiss. The market players are continuously striving to achieve a dominant position in this competitive market using strategies such as collaborations and acquisitions.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the optical glass market analysis from 2022 to 2032 to identify the prevailing optical glass market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the optical glass market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global optical glass market trends, key players, market segments, application areas, and market growth strategies.
Additional benefits you will get with this purchase are:
- Quarterly Update and* (only available with a corporate license, on listed price)
- 5 additional Company Profile of client Choice pre- or Post-purchase, as a free update.
- Free Upcoming Version on the Purchase of Five and Enterprise User License.
- 16 analyst hours of support* (post-purchase, if you find additional data requirements upon review of the report, you may receive support amounting to 16 analyst hours to solve questions, and post-sale queries)
- 15% Free Customization* (in case the scope or segment of the report does not match your requirements, 15% is equivalent to 3 working days of free work, applicable once)
- Free data Pack on the Five and Enterprise User License. (Excel version of the report)
- Free Updated report if the report is 6-12 months old or older.
- 24-hour priority response*
- Free Industry updates and white papers.
Possible Customization with this report (with additional cost and timeline, please talk to the sales executive to know more)
- Manufacturing Capacity
- Investment Opportunities
- Distributor margin Analysis
- Regulatory Guidelines
- Additional company profiles with specific to client's interest
- Additional country or region analysis- market size and forecast
- Brands Share Analysis
- Criss-cross segment analysis- market size and forecast
- Expanded list for Company Profiles
- Historic market data
- Import Export Analysis/Data
- Key player details (including location, contact details, supplier/vendor network etc. in excel format)
- Market share analysis of players at global/region/country level
- SWOT Analysis
- Volume Market Size and Forecast
Key Market Segments
By Application
- Consumer Optics
- Medical and Biotech
- Semiconductors
- Others
- Industrial Equipment
By Raw Material
- Potassium Oxide
- Others
- Boric Oxide
- Zinc Oxide
By Type
- Flint
- Crown
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Spain
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- UAE
- South Africa
- Rest of LAMEA
Key Market Players
- Schott
- HOYA
- CARL Zeiss
- Nikon Corporation
- CDGM Glass Company
- CORNING
- Sumita Optical Glass
- Crystran Ltd.
- Edmund Optics
- OAG Werk Optik
Please note:
- Online Access price format is valid for 60 days access. Printing is not enabled.
- PDF Single and Enterprise price formats enable printing.
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: OPTICAL GLASS MARKET, BY RAW MATERIAL
CHAPTER 5: OPTICAL GLASS MARKET, BY TYPE
CHAPTER 6: OPTICAL GLASS MARKET, BY APPLICATION
CHAPTER 7: OPTICAL GLASS MARKET, BY REGION
CHAPTER 8: COMPETITIVE LANDSCAPE
CHAPTER 9: COMPANY PROFILES
LIST OF TABLES
LIST OF FIGURES
Companies Mentioned
- Schott
- HOYA
- CARL Zeiss
- Nikon Corporation
- CDGM Glass Company
- CORNING
- Sumita Optical Glass
- Crystran Ltd.
- Edmund Optics
- OAG Werk Optik
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
LOADING...
