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This report focuses on the adaptive optics market which is subsegment of the optoelectronics industry. Adaptive optics is a technology in which optical performance is improved by reducing the effect of wavefront distortions.

Adaptive optics systems generally consist of three subsystems, namely, a wavefront sensor to detect the state of the wavefront, a wavefront modulator to correct distortions in the wavefront, and a control system to link the two. In the past, astronomy has sought adaptive optics techniques to eliminate the effects of atmospheric turbulence. More recently, enabled by advancement in the technology similar techniques have been applied in various other sectors such as ophthalmology, defense, consumer devices, and communications.

This report is based on an extensive research study of the adaptive optics market and aims at identifying the entire market and all its subsegments through extensively detailed classifications. The demand for the adaptive optics systems is expected to grow moderately and gain importance among industry players across various domains over time. Currently, the U.S. is the largest market for adaptive optics, followed by the U.K. which also has a well-developed academic and industrial base. The Americas market accounted for the largest share of 44.0% of the adaptive optics market in 2014. Asia-Pacific is projected to be the fastest-growing market, owing to the emerging economy and favorable government policies.

This report gives a bird’s eye view of the industry with regard to the adaptive optics market, with a qualitative analysis of each and every aspect of the classification done on the basis of component, end-user industry, and geography. The report provides a forecast for the growth of the adaptive optics market between 2015 and 2020. The complete competitive landscape of the current market is analyzed on the basis of the market share analysis and rankings of current key players; the other details of key players are discussed in the company profiles. The information provided in this report includes the market share of leading companies in the adaptive optics ecosystem, key developments, core strategies adopted by various players, mergers and acquisitions, new product developments, collaborations, and joint ventures of key manufacturers along with their company profiles.

The major players in the adaptive optics market are Northrop Grumman Corporation , Benchmark Electronics, Inc. , HoloEye Photonics AG. , Iris AO , Aplegen Inc. , Adaptive Optics Associates, Inc. , Adaptica SRL. , Bakers Adaptive Optics , Phasics Corp. , Boston MicroMachine Corp. , Adaptive Eyecare Ltd. , Synopsys Optical Solution Group , SCHOTT North America, Inc. , and Sacher Lasertechnik Gmbh among others.

Table Of Contents

Adaptive Optics Market by Component , end-user , and Geography - Global Forecast to 2020
TABLE OF CONTENTS

1 INTRODUCTION 15
1.1 OBJECTIVES OF THE STUDY 15
1.2 MARKET DEFINITION 15
1.3 STUDY SCOPE 16
1.3.1 MARKETS COVERED 16
1.3.2 YEARS CONSIDERED FOR THE STUDY 16
1.4 CURRENCY 17
1.5 LIMITATIONS 17
1.6 STAKEHOLDERS 17
2 RESEARCH METHODOLOGY 18
2.1 RESEARCH DATA 18
2.1.1 SECONDARY DATA 20
2.1.1.1 Key data from secondary sources 20
2.1.2 PRIMARY DATA 21
2.1.2.1 Key data from primary sources 21
2.1.2.2 Key industry insights 22
2.1.3 MARKET SIZE ESTIMATION 23
2.1.4 BOTTOM-UP APPROACH 23
2.1.5 TOP-DOWN APPROACH 24
2.2 MARKET BREAKDOWN and DATA TRIANGULATION 25
2.3 RESEARCH ASSUMPTIONS 26
2.3.1 ASSUMPTIONS 26
3 EXECUTIVE SUMMARY 27
4 PREMIUM INSIGHTS 31
4.1 ATTRACTIVE OPPORTUNITIES IN THE ADAPTIVE OPTICS MARKET 31
4.2 HIGH GROWTH OPPORTUNITIES IN CONSUMER SEGMENT DURING THE FORECAST PERIOD 32
4.3 THE MARKET FOR CONSUMER DEVICES IS EXPECTED TO GROW AT THE HIGHEST CAGR 33
4.4 THE MARKET FOR THE WAVEFRONT SENSORS IS EXPECTED TO GROW AT THE HIGHEST CAGR 34
4.5 ADAPTIVE OPTICS MARKET, BY BIOMEDICAL SECTOR AND REGIONS 35
4.6 APAC AS DEVELOPING MARKET FOR ADAPTIVE OPTICS 36

5 MARKET OVERVIEW 37
5.1 INTRODUCTION 38
5.2 MARKET SEGMENTATION 38
5.2.1 BY COMPONENT 39
5.2.2 BY END-USER INDUSTRY 39
5.3 MARKET DYNAMICS 39
5.3.1 DRIVERS 40
5.3.1.1 Growth of ophthalmology and retinal imaging 40
5.3.1.2 Need for corrective eyewear 41
5.3.1.3 Increased acceptance of adaptive driver-assistance systems in automobiles 41
5.3.1.4 Increased government funding 42
5.3.2 RESTRAINTS 42
5.3.2.1 Complex designing techniques and high initial cost 42
5.3.2.2 Rapidly changing technologies 43
5.3.2.3 Complex regulatory issues 43
5.3.3 OPPORTUNITIES 44
5.3.3.1 Development in professional astronomy 44
5.3.3.2 Advancing adaptive optics technology 44
5.3.3.3 3D printing technologies 44
5.3.3.4 Lighter materials for optics 45
5.3.4 CHALLENGES 45
5.3.4.1 Rapidly changing imaging techniques 45
5.3.4.2 Transition from traditional optics 46
6 INDUSTRY TRENDS 47
6.1 INTRODUCTION 47
6.2 VALUE CHAIN ANALYSIS 47
6.2.1 VALUE CHAIN ANALYSIS: ADAPTIVE OPTICS 48
6.3 INDUSTRY TRENDS 49
6.4 PORTER'S FIVE FORCES ANALYSIS 50
6.4.1 THREAT OF NEW ENTRANTS 50
6.4.2 THREAT OF SUBSTITUTES 51
6.4.3 BARGAINING POWER OF SUPPLIERS 51
6.4.4 BARGAINING POWER OF BUYERS 52
6.4.5 INTENSITY OF RIVALRY 52
7 ADAPTIVE OPTICS MARKET, BY COMPONENT 53
7.1 INTRODUCTION 53
7.2 WAVEFRONT SENSOR 55

7.3 WAVEFRONT MODULATOR 55
7.3.1 DEFORMABLE MIRROR 55
7.4 CONTROL SYSTEM 56
8 ADAPTIVE OPTICS MARKET, BY END-USER INDUSTRY 57
8.1 INTRODUCTION 58
8.2 CONSUMER 59
8.2.1 HEAD-MOUNTED DISPLAY 60
8.2.2 CAMERA LENSES 60
8.2.3 OTHER CONSUMER DEVICES 61
8.3 ASTRONOMY 62
8.4 BIOMEDICAL 64
8.4.1 OPHTHALMOLOGY 65
8.4.1.1 Retinal imaging 65
8.4.2 BIOMEDICAL MICROSCOPY 65
8.4.2.1 Adaptive scanning optical microscope 66
8.4.3 CELL ANALYSIS 66
8.4.4 OTHER APPLICATIONS 67
8.4.4.1 3D bioprinting 67
8.4.4.2 Atomic force microscope 67
8.5 MILITARY AND DEFENSE 68
8.5.1 LASER DEFENSE SYSTEM 69
8.5.1.1 High-energy lasers 69
8.5.2 BIOMETRIC SECURITY 70
8.5.3 SURVEILLANCE 70
8.5.3.1 Light detection and ranging 70
8.5.4 OTHER APPLICATIONS 71
8.5.4.1 Other defense applications 71
8.6 INDUSTRIAL AND MANUFACTURING 72
8.6.1 PRECISION MANUFACTURING 73
8.6.2 MACHINE VISION 74
8.6.3 3D PRINTING 75
8.6.4 OTHER APPLICATIONS 76
8.7 COMMUNICATION AND OTHERS 77
8.7.1 FREE-SPACE OPTICAL COMMUNICATIONS 78
8.7.2 SENSING 78
8.7.3 OTHER APPLICATIONS 79
9 REGIONAL ANALYSIS 81
9.1 INTRODUCTION 82
9.2 AMERICAS 83
9.2.1 U.S. 86
9.2.2 CANADA 86
9.2.3 MEXICO 86
9.3 EUROPE 90
9.3.1 U.K. 93
9.3.2 GERMANY 93
9.3.3 FRANCE 93
9.4 APAC 97
9.4.1 CHINA 100
9.4.2 JAPAN 101
9.4.3 SOUTH KOREA 101
9.4.4 INDIA 101
9.5 ROW 104
9.5.1 MIDDLE EAST 107
9.5.2 AFRICA 107
9.5.3 OTHERS 107
10 COMPETITIVE LANDSCAPE 110
10.1 OVERVIEW 110
10.2 KEY PLAYERS IN THE ADAPTIVE OPTICS MARKET, 2014 110
10.3 COMPETITIVE SITUATION AND TRENDS 112
10.3.1 NEW PRODUCT LAUNCHES 113
10.3.2 MERGERS and ACQUISITIONS 116
10.3.3 PARTNERSHIPS, CONTRACTS, AGREEMENTS, JOINT VENTURES, and COLLABORATIONS 117
11 COMPANY PROFILES 118
*
11.1 INTRODUCTION 118
11.2 NORTHROP GRUMMAN CORPORATION 118
11.3 BENCHMARK ELECTRONICS, INC. 122
11.4 HOLOEYE PHOTONICS AG. 126
11.5 IRIS AO, INC. 129
11.6 SYNOPSYS' OPTICAL SOLUTIONS GROUP 132
11.7 APLEGEN, INC. 135
11.8 ADAPTICA SRL. 137
11.9 BAKER ADAPTIVE OPTICS 139
11.10 PHASICS CORPORATION 140
11.11 BOSTON MICROMACHINES CORPORATION 142
11.12 ADAPTIVE EYECARE LIMITED 144

11.13 SCHOTT NORTH AMERICA, INC. 145
11.14 SACHER LASERTECHNIK GMBH 147
*Details on Overview, Products and Services, Financials, Strategy and Development might not be Captured in case of Unlisted Companies.
12 APPENDIX 149
12.1 INSIGHTS OF INDUSTRY EXPERTS 149
12.2 DISCUSSION GUIDE 150
12.3 INTRODUCING RT: REAL TIME MARKET INTELLIGENCE 153
12.4 AVAILABLE CUSTOMIZATIONS 155
12.5 RELATED REPORTS 155


LIST OF TABLES

TABLE 1 GLOBAL ADAPTIVE OPTICS MARKET DRIVERS 42
TABLE 2 GLOBAL ADAPTIVE OPTICS MARKET RESTRAINTS 43
TABLE 3 GLOBAL ADAPTIVE OPTICS MARKET OPPORTUNITIES 45
TABLE 4 GLOBAL ADAPTIVE OPTICS MARKET CHALLENGES 46
TABLE 5 ADAPTIVE OPTICS MARKET, BY COMPONENT, 2014-2020 54
TABLE 6 ADAPTIVE OPTICS MARKET, BY END-USER INDUSTRY, 2014-2020 58
TABLE 7 CONSUMER SUBSEGMENT MARKET, 2014-2020 59
TABLE 8 HMD: CONSUMER ADAPTIVE OPTICS MARKET, BY REGION,
2014-2020 60
TABLE 9 CONSUMER ADAPTIVE OPTICS MARKET FOR CAMERA LENSES, BY REGION,
2014-2020 61
TABLE 10 ADAPTIVE OPTICS MARKET FOR OTHER CONSUMER DEVICES, BY REGION,
2014-2020 61
TABLE 11 ADAPTIVE OPTICS MARKET FOR CONSUMER DEVICES, BY REGION,
2014-2020 62
TABLE 12 ADAPTIVE OPTICS MARKET FOR ASTRONOMY, BY REGION,
2014-2020 63
TABLE 13 BIOMEDICAL SUBSEGMENT MARKET, 2014-2020 64
TABLE 14 BIOMEDICAL ADAPTIVE OPTICS MARKET FOR OPHTHALMOLOGY, BY REGION,
2014-2020 65
TABLE 15 BIOMEDICAL ADAPTIVE OPTICS MARKET FOR BIOMEDICAL MICROSCOPY,
BY REGION, 2014-2020 66
TABLE 16 BIOMEDICAL ADAPTIVE OPTICS MARKET FOR CELL ANALYSIS, BY REGION,
2014-2020 67
TABLE 17 OTHER BIOMEDICAL APPLICATIONS OF ADAPTIVE OPTICS MARKET, BY REGION, 2014-2020 67
TABLE 18 BIOMEDICAL ADAPTIVE OPTICS MARKET, BY REGION, 2014-2020 68
TABLE 19 MILITARY AND DEFENSE SUBSEGMENT MARKET, 2014-2020 69
TABLE 20 MILITARY AND DEFENSE ADAPTIVE OPTICS MARKET FOR LASER DEFENSE SYSTEM, BY REGION, 2014-2020 69
TABLE 21 MILITARY AND DEFENSE ADAPTIVE OPTICS MARKET FOR BIOMETRIC SECURITY,
BY REGION, 2014-2020 70
TABLE 22 MILITARY AND DEFENSE ADAPTIVE OPTICS MARKET FOR SURVEILLANCE,
BY REGION, 2014-2020 71
TABLE 23 MILITARY AND DEFENSE ADAPTIVE OPTICS MARKET FOR OTHER APPLICATIONS
BY REGION, 2014-2020 71
TABLE 24 ADAPTIVE OPTICS MARKET FOR MILITARY AND DEFENSE, BY REGION,
2014-2020 72
TABLE 25 INDUSTRIAL AND MANUFACTURING SUBSEGMENT MARKET,
2014-2020 73
TABLE 26 INDUSTRIAL AND MANUFACTURING ADAPTIVE OPTICS MARKET FOR PRECISION MANUFACTURING, BY REGION, 2014-2020 74
TABLE 27 INDUSTRIAL AND MANUFACTURING ADAPTIVE OPTICS MARKET FOR MACHINE VISION, BY REGION, 2014-2020 74
TABLE 28 INDUSTRIAL AND MANUFACTURING ADAPTIVE OPTICS MARKET FOR 3D PRINTING, BY REGION, 2014-2020 75
TABLE 29 INDUSTRIAL AND MANUFACTURING ADAPTIVE OPTICS MARKET FOR OTHERS,
BY REGION, 2014-2020 76
TABLE 30 ADAPTIVE OPTICS MARKET FOR INDUSTRIAL AND MANUFACTURING, BY REGION, 2014-2020 76
TABLE 31 COMMUNICATION AND OTHERS SUBSEGMENTS MARKET,
2014-2020 77
TABLE 32 COMMUNICATION AND OTHERS ADAPTIVE OPTICS MARKET FOR FSOC, BY REGION, 2014-2020 78
TABLE 33 COMMUNICATION AND OTHERS ADAPTIVE OPTICS MARKET FOR SENSING,
BY REGION, 2014-2020 78
TABLE 34 COMMUNICATIONS AND OTHERS ADAPTIVE OPTICS MARKET FOR OTHERS,
BY GEOGRAPHY, 2014-2020 79
TABLE 35 ADAPTIVE OPTICS MARKET FOR COMMUNICATION AND OTHERS, BY REGION,
2014-2020 80
TABLE 36 ADAPTIVE OPTICS MARKET, BY REGION, 2014-2020 82
TABLE 37 AMERICAS: ADAPTIVE OPTICS MARKET, BY GEOGRAPHY, 2014-2020 85
TABLE 38 AMERICAS: ADAPTIVE OPTICS MARKET, BY END-USER INDUSTRY,
2014-2020 85
TABLE 39 AMERICAS: CONSUMER ADAPTIVE OPTICS MARKET, BY GEOGRAPHY,
2014-2020 87
TABLE 40 AMERICAS: ASTRONOMY ADAPTIVE OPTICS MARKET, BY GEOGRAPHY,
2014-2020 87
TABLE 41 AMERICAS: BIOMEDICAL ADAPTIVE OPTICS MARKET, BY GEOGRAPHY,
2014-2020 88
TABLE 42 AMERICAS: MILITARY and DEFENSE ADAPTIVE OPTICS MARKET, BY GEOGRAPHY, 2014-2020 88
TABLE 43 AMERICAS: INDUSTRIAL and MANUFACTURING ADAPTIVE OPTICS MARKET,
BY GEOGRAPHY, 2014-2020 89
TABLE 44 AMERICAS: COMMUNICATION and OTHERS ADAPTIVE OPTICS MARKET,
BY GEOGRAPHY, 2014-2020 89
TABLE 45 EUROPE: ADAPTIVE OPTICS MARKET, BY COUNTRY, 2014-2020 92
TABLE 46 EUROPE: ADAPTIVE OPTICS MARKET, BY END-USER INDUSTRY,
2014-2020 92
TABLE 47 EUROPE: CONSUMER ADAPTIVE OPTICS MARKET, BY COUNTRY,
2014-2020 94
TABLE 48 EUROPE: ASTRONOMY ADAPTIVE OPTICS MARKET, BY COUNTRY,
2014-2020 94
TABLE 49 EUROPE: BIOMEDICAL ADAPTIVE OPTICS MARKET, BY COUNTRY,
2014-2020 95
TABLE 50 EUROPE: MILITARY and DEFENSE ADAPTIVE OPTICS MARKET, BY COUNTRY,
2014-2020 95
TABLE 51 EUROPE: INDUSTRIAL and MANUFACTURING ADAPTIVE OPTICS MARKET, BY COUNTRY, 2014-2020 96
TABLE 52 EUROPE: COMMUNICATION and OTHERS ADAPTIVE OPTICS MARKET, BY COUNTRY, 2014-2020 96
TABLE 53 APAC: ADAPTIVE OPTICS MARKET, BY COUNTRY, 2014-2020 99
TABLE 54 APAC: ADAPTIVE OPTICS MARKET, BY END-USER INDUSTRY,
2014-2020 100
TABLE 55 APAC: CONSUMER ADAPTIVE OPTICS MARKET, BY COUNTRY,
2014-2020 101
TABLE 56 APAC: ASTRONOMY ADAPTIVE OPTICS MARKET, BY COUNTRY,
2014-2020 102
TABLE 57 APAC: BIOMEDICAL ADAPTIVE OPTICS MARKET, BY COUNTRY,
2014-2020 102
TABLE 58 APAC: MILITARY and DEFENSE ADAPTIVE OPTICS MARKET, BY COUNTRY,
2014-2020 103
TABLE 59 APAC: INDUSTRIAL and MANUFACTURING ADAPTIVE OPTICS MARKET, BY COUNTRY, 2014-2020 103
TABLE 60 APAC: COMMUNICATION and OTHERS ADAPTIVE OPTICS MARKET, BY COUNTRY,
2014-2020 104
TABLE 61 ROW: ADAPTIVE OPTICS MARKET, BY COUNTRY, 2014-2020 106
TABLE 62 ROW: ADAPTIVE OPTICS MARKET, BY END-USER INDUSTRY,
2014-2020 106
TABLE 63 ROW: CONSUMER ADAPTIVE OPTICS MARKET, BY REGION,
2014-2020 107
TABLE 64 ROW: ASTRONOMY ADAPTIVE OPTICS MARKET, BY REGION,
2014-2020 107
TABLE 65 ROW: BIOMEDICAL ADAPTIVE OPTICS MARKET, BY REGION,
2014-2020 108
TABLE 66 ROW: MILITARY and DEFENSE ADAPTIVE OPTICS MARKET, BY REGION,
2014-2020 108
TABLE 67 ROW: INDUSTRIAL and MANUFACTURING ADAPTIVE OPTICS MARKET, BY REGION, 2014-2020 108
TABLE 68 ROW: COMMUNICATION and OTHERS ADAPTIVE OPTICS MARKET, BY REGION,
2014-2020 109
TABLE 69 ADAPTIVE OPTICS MARKET: KEY PLAYERS RATING, 2014 110
TABLE 70 NEW PRODUCT LAUNCHES, 2011-2015 113
TABLE 71 MERGERS and ACQUISITIONS, 2011-2015 116
TABLE 72 PARTNERSHIPS, CONTRACT, AGREEMENTS, JOINT VENTURES, and COLLABORATIONS, 2011-2015 117


LIST OF FIGURES

FIGURE 1 ADVANCED OPTICS MARKET: RESEARCH DESIGN 18
FIGURE 2 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION,
AND REGION 22
FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 23
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 24
FIGURE 5 MARKET BREAKDOWN AND DATA TRIANGULATION 25
FIGURE 6 ASSUMPTIONS OF THE RESEARCH STUDY 26
FIGURE 7 ADAPTIVE OPTICS MARKET SNAPSHOT, BY END-USER INDUSTRY : CONSUMER SEGMENT IS EXPECTED TO GROW AT THE HIGHEST RATE 28
FIGURE 8 ADAPTIVE OPTICS MARKET, BY COMPONENT, 2014 29
FIGURE 9 ADAPTIVE OPTICS MARKET, BY REGION, 2014 30
FIGURE 10 REDUCTION IN COMPONENT COST, GROWTH IN BIOMEDICAL APPLICATION, AND INCREASED GOVERNMENT FUNDING ARE DRIVING THE ADAPTIVE OPTICS MARKET, 2015-2020 31
FIGURE 11 GEOGRAPHIC SNAPSHOT: ADAPTIVE OPTICS MARKET, BY END USER INDUSTRY 32
FIGURE 12 ADAPTIVE OPTICS MARKET, BY END-USER INDUSTRY, 2014-2020 33
FIGURE 13 ADAPTIVE OPTICS MARKET, BY COMPONENT, 2014-2020 34
FIGURE 14 AMERICAS AND EUROPE HELD THE LARGEST MARKET FOR
ADAPTIVE OPTICS IN 2014 35
FIGURE 15 COUNTRY-WISE CAGR FOR THE ADAPTIVE OPTICS MARKET 36
FIGURE 16 SEGMENTATION: BY COMPONENT 39
FIGURE 17 SEGMENTATION: BY END-USER INDUSTRY 39
FIGURE 18 DRIVERS and INHIBITORS OF THE ADAPTIVE OPTICS MARKET 40
FIGURE 19 VALUE CHAIN ANALYSIS: MAJOR VALUE IS ADDED DURING THE RandD PHASE 48
FIGURE 20 PRODUCT DEVELOPMENT IS THE LEADING TREND IN THE ADAPTIVE OPTICS MARKET 49
FIGURE 21 PORTER'S FIVE FORCES ANALYSIS 50
FIGURE 22 WAVEFRONT SENSORS LEAD THE COMPONENT MARKET OF ADAPTIVE OPTICS,
2014 53
FIGURE 23 ADAPTIVE OPTICS MARKET, BY END USER INDUSTRY 58
FIGURE 24 GEOGRAPHICAL SNAPSHOT: APAC IS EMERGING AS A KEY REGION FOR
THE GROWTH OF THE ADAPTIVE OPTICS MARKET 82
FIGURE 25 NORTH AMERICA ADAPTIVE OPTICS MARKET SNAPSHOT 84
FIGURE 26 EUROPEAN MARKET SNAPSHOT 91
FIGURE 27 APAC MARKET SNAPSHOT 98
FIGURE 28 ROW MARKET SNAPSHOT 105
FIGURE 29 COMPANIES ADOPTED NEW PRODUCT DEVELOPMENT AS
THE KEY GROWTH STRATEGY IN THE PAST FIVE YEARS 112
FIGURE 30 BATTLE FOR MARKET SHARE: NEW PRODUCT DEVELOPMENT IS
THE MAIN FOCUS THE KEY PLAYERS IN ADAPTIVE OPTICS MARKET 113
FIGURE 31 NORTHROP GRUMMAN CORPORATION: COMPANY SNAPSHOT 118
FIGURE 32 NORTHROP GRUMMAN CORPORATION: SWOT ANALYSIS 121
FIGURE 33 BENCHMARK ELECTRONICS, INC.: COMPANY SNAPSHOT 123
FIGURE 34 BENCHMARK ELECTRONICS, INC.: SWOT ANALYSIS 125
FIGURE 35 HOLOEYE PHOTONICS AG.: SWOT ANALYSIS 128
FIGURE 36 IRIS AO, INC.: SWOT ANALYSIS 131
FIGURE 37 SYNOPSYS OPTICAL SOLUTION GROUP: COMPANY SNAPSHOT 132
FIGURE 38 SYNOPSYS' OPTICAL SOLUTIONS GROUP : SWOT ANALYSIS 134

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