The Latin America, Middle East and Africa Aspherical Lens Market would witness market growth of 10.1% CAGR during the forecast period (2023-2029).
The emergence of developing nations, the rapid growth of new technology, sustainability policies, and shifting consumer attitudes towards ownership all contribute to the drastic change in today's economies. Automotive will follow other industries transformed by digitization, increased automation, and new business models. Four disruptive technology-driven developments are driven by these dynamics in the automotive industry: diversified mobility, electrification, autonomous driving, and connection.
More than 1 billion people suffer from vision impairment due to not receiving the necessary treatment for disorders like near and far-sightedness, glaucoma, and cataracts. According to the research, stronger integration of eye care is required within national health services, particularly at the primary health care level, to guarantee that more people's eye care requirements are met, especially through prevention, early identification, treatment, and rehabilitation. As a result, aspherical lenses are becoming increasingly common.
The need for ophthalmoscopes is being driven by several causes, including the rise in eye conditions like glaucoma, cataracts, and macular degeneration, as well as the surge in demand for ophthalmic drugs and increased investment in R&D initiatives by several healthcare businesses. It is projected that the growth of middle-class families, advancements in medical technology, and expansion of health insurance across the Middle East and Africa would substantially impact this growth. Additionally, contamination of the air and water raises the risk to the eyes. As a result, it is projected that the prevalence of eye issues will keep increasing over the coming years.
The Brazil market dominated the LAMEA Aspherical Lens Market by Country in 2022, and would continue to be a dominant market till 2029; thereby, achieving a market value of $231.4 Million by 2029. The Argentina market is anticipated to grow at a CAGR of 10.7% during (2023 - 2029). Additionally, The UAE market would exhibit a CAGR of 9.8% during (2023 - 2029).
Based on Offering, the market is segmented into Single and Double. Based on Type, the market is segmented into Glass, Plastic, and Others. Based on Manufacturing Technology, the market is segmented into Molding, Polishing & Grinding, and Others. Based on Application, the market is segmented into Opthalmic, Consumer Electronics, Digital Cameras, Automotive, Fiber Optics & Photonics and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Worldwide Aspherical Lens Market is Projected to reach USD 13 Billion by 2029, at a CAGR of 6.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Nikon Corporation, Canon, Inc., Panasonic Holdings Corporation, Hoya Corporation, Thorlabs, Inc., AGC, Inc., Carl Zeiss AG, Tokai Optical Co., Ltd., Calin Technology Co., Ltd. and Largan Precision Co., Ltd.
Scope of the Study
Market Segments Covered in the Report:
By Offering
By Type
By Manufacturing Technology
- Molding
- Polishing & Grinding
- Others
By Application
- Opthalmic
- Consumer Electronics
- Digital Cameras
- Automotive
- Fiber Optics & Photonics
- Others
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Nikon Corporation
- Canon, Inc.
- Panasonic Holdings Corporation
- Hoya Corporation
- Thorlabs, Inc.
- AGC, Inc.
- Carl Zeiss AG
- Tokai Optical Co., Ltd.
- Calin Technology Co., Ltd.
- Largan Precision Co., Ltd
TABLE 1 LAMEA Aspherical Lens Market, 2019 - 2022, USD Million
TABLE 2 LAMEA Aspherical Lens Market, 2023 - 2029, USD Million
TABLE 3 LAMEA Aspherical Lens Market by Offering, 2019 - 2022, USD Million
TABLE 4 LAMEA Aspherical Lens Market by Offering, 2023 - 2029, USD Million
TABLE 5 LAMEA Single Market by Country, 2019 - 2022, USD Million
TABLE 6 LAMEA Single Market by Country, 2023 - 2029, USD Million
TABLE 7 LAMEA Double Market by Country, 2019 - 2022, USD Million
TABLE 8 LAMEA Double Market by Country, 2023 - 2029, USD Million
TABLE 9 LAMEA Aspherical Lens Market by Type, 2019 - 2022, USD Million
TABLE 10 LAMEA Aspherical Lens Market by Type, 2023 - 2029, USD Million
TABLE 11 LAMEA Glass Market by Country, 2019 - 2022, USD Million
TABLE 12 LAMEA Glass Market by Country, 2023 - 2029, USD Million
TABLE 13 LAMEA Plastic Market by Country, 2019 - 2022, USD Million
TABLE 14 LAMEA Plastic Market by Country, 2023 - 2029, USD Million
TABLE 15 LAMEA Others Market by Country, 2019 - 2022, USD Million
TABLE 16 LAMEA Others Market by Country, 2023 - 2029, USD Million
TABLE 17 LAMEA Aspherical Lens Market by Manufacturing Technology, 2019 - 2022, USD Million
TABLE 18 LAMEA Aspherical Lens Market by Manufacturing Technology, 2023 - 2029, USD Million
TABLE 19 LAMEA Molding Market by Country, 2019 - 2022, USD Million
TABLE 20 LAMEA Molding Market by Country, 2023 - 2029, USD Million
TABLE 21 LAMEA Polishing & Grinding Market by Country, 2019 - 2022, USD Million
TABLE 22 LAMEA Polishing & Grinding Market by Country, 2023 - 2029, USD Million
TABLE 23 LAMEA Others Market by Country, 2019 - 2022, USD Million
TABLE 24 LAMEA Others Market by Country, 2023 - 2029, USD Million
TABLE 25 LAMEA Aspherical Lens Market by Application, 2019 - 2022, USD Million
TABLE 26 LAMEA Aspherical Lens Market by Application, 2023 - 2029, USD Million
TABLE 27 LAMEA Opthalmic Market by Country, 2019 - 2022, USD Million
TABLE 28 LAMEA Opthalmic Market by Country, 2023 - 2029, USD Million
TABLE 29 LAMEA Consumer Electronics Market by Country, 2019 - 2022, USD Million
TABLE 30 LAMEA Consumer Electronics Market by Country, 2023 - 2029, USD Million
TABLE 31 LAMEA Digital Cameras Market by Country, 2019 - 2022, USD Million
TABLE 32 LAMEA Digital Cameras Market by Country, 2023 - 2029, USD Million
TABLE 33 LAMEA Automotive Market by Country, 2019 - 2022, USD Million
TABLE 34 LAMEA Automotive Market by Country, 2023 - 2029, USD Million
TABLE 35 LAMEA Fiber Optics & Photonics Market by Country, 2019 - 2022, USD Million
TABLE 36 LAMEA Fiber Optics & Photonics Market by Country, 2023 - 2029, USD Million
TABLE 37 LAMEA Others Market by Country, 2019 - 2022, USD Million
TABLE 38 LAMEA Others Market by Country, 2023 - 2029, USD Million
TABLE 39 LAMEA Aspherical Lens Market by Country, 2019 - 2022, USD Million
TABLE 40 LAMEA Aspherical Lens Market by Country, 2023 - 2029, USD Million
TABLE 41 Brazil Aspherical Lens Market, 2019 - 2022, USD Million
TABLE 42 Brazil Aspherical Lens Market, 2023 - 2029, USD Million
TABLE 43 Brazil Aspherical Lens Market by Offering, 2019 - 2022, USD Million
TABLE 44 Brazil Aspherical Lens Market by Offering, 2023 - 2029, USD Million
TABLE 45 Brazil Aspherical Lens Market by Type, 2019 - 2022, USD Million
TABLE 46 Brazil Aspherical Lens Market by Type, 2023 - 2029, USD Million
TABLE 47 Brazil Aspherical Lens Market by Manufacturing Technology, 2019 - 2022, USD Million
TABLE 48 Brazil Aspherical Lens Market by Manufacturing Technology, 2023 - 2029, USD Million
TABLE 49 Brazil Aspherical Lens Market by Application, 2019 - 2022, USD Million
TABLE 50 Brazil Aspherical Lens Market by Application, 2023 - 2029, USD Million
TABLE 51 Argentina Aspherical Lens Market, 2019 - 2022, USD Million
TABLE 52 Argentina Aspherical Lens Market, 2023 - 2029, USD Million
TABLE 53 Argentina Aspherical Lens Market by Offering, 2019 - 2022, USD Million
TABLE 54 Argentina Aspherical Lens Market by Offering, 2023 - 2029, USD Million
TABLE 55 Argentina Aspherical Lens Market by Type, 2019 - 2022, USD Million
TABLE 56 Argentina Aspherical Lens Market by Type, 2023 - 2029, USD Million
TABLE 57 Argentina Aspherical Lens Market by Manufacturing Technology, 2019 - 2022, USD Million
TABLE 58 Argentina Aspherical Lens Market by Manufacturing Technology, 2023 - 2029, USD Million
TABLE 59 Argentina Aspherical Lens Market by Application, 2019 - 2022, USD Million
TABLE 60 Argentina Aspherical Lens Market by Application, 2023 - 2029, USD Million
TABLE 61 UAE Aspherical Lens Market, 2019 - 2022, USD Million
TABLE 62 UAE Aspherical Lens Market, 2023 - 2029, USD Million
TABLE 63 UAE Aspherical Lens Market by Offering, 2019 - 2022, USD Million
TABLE 64 UAE Aspherical Lens Market by Offering, 2023 - 2029, USD Million
TABLE 65 UAE Aspherical Lens Market by Type, 2019 - 2022, USD Million
TABLE 66 UAE Aspherical Lens Market by Type, 2023 - 2029, USD Million
TABLE 67 UAE Aspherical Lens Market by Manufacturing Technology, 2019 - 2022, USD Million
TABLE 68 UAE Aspherical Lens Market by Manufacturing Technology, 2023 - 2029, USD Million
TABLE 69 UAE Aspherical Lens Market by Application, 2019 - 2022, USD Million
TABLE 70 UAE Aspherical Lens Market by Application, 2023 - 2029, USD Million
TABLE 71 Saudi Arabia Aspherical Lens Market, 2019 - 2022, USD Million
TABLE 72 Saudi Arabia Aspherical Lens Market, 2023 - 2029, USD Million
TABLE 73 Saudi Arabia Aspherical Lens Market by Offering, 2019 - 2022, USD Million
TABLE 74 Saudi Arabia Aspherical Lens Market by Offering, 2023 - 2029, USD Million
TABLE 75 Saudi Arabia Aspherical Lens Market by Type, 2019 - 2022, USD Million
TABLE 76 Saudi Arabia Aspherical Lens Market by Type, 2023 - 2029, USD Million
TABLE 77 Saudi Arabia Aspherical Lens Market by Manufacturing Technology, 2019 - 2022, USD Million
TABLE 78 Saudi Arabia Aspherical Lens Market by Manufacturing Technology, 2023 - 2029, USD Million
TABLE 79 Saudi Arabia Aspherical Lens Market by Application, 2019 - 2022, USD Million
TABLE 80 Saudi Arabia Aspherical Lens Market by Application, 2023 - 2029, USD Million
TABLE 81 South Africa Aspherical Lens Market, 2019 - 2022, USD Million
TABLE 82 South Africa Aspherical Lens Market, 2023 - 2029, USD Million
TABLE 83 South Africa Aspherical Lens Market by Offering, 2019 - 2022, USD Million
TABLE 84 South Africa Aspherical Lens Market by Offering, 2023 - 2029, USD Million
TABLE 85 South Africa Aspherical Lens Market by Type, 2019 - 2022, USD Million
TABLE 86 South Africa Aspherical Lens Market by Type, 2023 - 2029, USD Million
TABLE 87 South Africa Aspherical Lens Market by Manufacturing Technology, 2019 - 2022, USD Million
TABLE 88 South Africa Aspherical Lens Market by Manufacturing Technology, 2023 - 2029, USD Million
TABLE 89 South Africa Aspherical Lens Market by Application, 2019 - 2022, USD Million
TABLE 90 South Africa Aspherical Lens Market by Application, 2023 - 2029, USD Million
TABLE 91 Nigeria Aspherical Lens Market, 2019 - 2022, USD Million
TABLE 92 Nigeria Aspherical Lens Market, 2023 - 2029, USD Million
TABLE 93 Nigeria Aspherical Lens Market by Offering, 2019 - 2022, USD Million
TABLE 94 Nigeria Aspherical Lens Market by Offering, 2023 - 2029, USD Million
TABLE 95 Nigeria Aspherical Lens Market by Type, 2019 - 2022, USD Million
TABLE 96 Nigeria Aspherical Lens Market by Type, 2023 - 2029, USD Million
TABLE 97 Nigeria Aspherical Lens Market by Manufacturing Technology, 2019 - 2022, USD Million
TABLE 98 Nigeria Aspherical Lens Market by Manufacturing Technology, 2023 - 2029, USD Million
TABLE 99 Nigeria Aspherical Lens Market by Application, 2019 - 2022, USD Million
TABLE 100 Nigeria Aspherical Lens Market by Application, 2023 - 2029, USD Million
TABLE 101 Rest of LAMEA Aspherical Lens Market, 2019 - 2022, USD Million
TABLE 102 Rest of LAMEA Aspherical Lens Market, 2023 - 2029, USD Million
TABLE 103 Rest of LAMEA Aspherical Lens Market by Offering, 2019 - 2022, USD Million
TABLE 104 Rest of LAMEA Aspherical Lens Market by Offering, 2023 - 2029, USD Million
TABLE 105 Rest of LAMEA Aspherical Lens Market by Type, 2019 - 2022, USD Million
TABLE 106 Rest of LAMEA Aspherical Lens Market by Type, 2023 - 2029, USD Million
TABLE 107 Rest of LAMEA Aspherical Lens Market by Manufacturing Technology, 2019 - 2022, USD Million
TABLE 108 Rest of LAMEA Aspherical Lens Market by Manufacturing Technology, 2023 - 2029, USD Million
TABLE 109 Rest of LAMEA Aspherical Lens Market by Application, 2019 - 2022, USD Million
TABLE 110 Rest of LAMEA Aspherical Lens Market by Application, 2023 - 2029, USD Million
TABLE 111 Key Information – Panasonic Holdings Corporation
TABLE 112 key Information – Carl Zeiss AG
TABLE 113 Key Information – Nikon Corporation
TABLE 114 Key Information – Hoya Corporation
TABLE 115 Key Information – Canon, Inc.
TABLE 116 Key Information – AGC, Inc.
TABLE 117 Key Information – Largan Precision Co., Ltd.
TABLE 118 Key Information – Tokai Optical Co., Ltd.
TABLE 119 Key Information – Calin Technology Co., Ltd.
TABLE 120 Key Information – Thorlabs, Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 Market Share Analysis, 2021
FIG 3 SWOT Analysis: Panasonic Holdings Corporation