Aspheric Lens Market Report 2025 (Global Edition)

Global Aspheric Lens Market Report 2025 Market Size Split by Type Outlook: (Glass aspherical lens, Plastic aspherical lens), by Offering Outlook: (Single aspherical lens, Double aspherical lens), by M...

Aspheric Lens Market Report Description

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Aspheric Lens Market Insights Video

Competitive Landscape of the Aspheric Lens Market

In the Aspheric Lens Market's competitive landscape, numerous key competitors are driving innovation and growth. Market participants are making significant contributions to the market's expansion by implementing a range of tactics, such as partnerships, collaborations, funding, mergers and acquisitions, and the introduction of new products, in order to maintain their competitiveness.

In January 2023, Based on the L-Mount system, Panasonic unveiled the LUMIX S 14-28mm F4-5.6 MACRO, a new affordable ultra-wide-angle zoom lens. LUMIX S 14-28mm F4-5.6 MACRO (S-R1428), LUMIX S 20-60mm F3.5-5.6 (S-R2060), and LUMIX S 70-300mm F4.5-5.6 MACRO O.I.S. (S-R70300) are three affordable lenses in the LUMIX S Series that cover 14mm ultra wide-angle to 300mm telephoto. (Source: https://store.in.panasonic.com/cameras/lenses/lumix-l-mount-14-28mm-f-4-5-6-macro-wide-angle-zoom-lens-aperture-range-f-4-5-6-to-f-22-dust-splash-and-freeze-resistant-design-s-r1428gc-black.html) In January 2023, AGC Inc. and Shanghai Yaohua Pilkington Glass Group Co. Ltd. (SYP Group) have achieved an agreement for AGC Inc. to transfer its ownership investment in AGC Flat Glass (Dalian), a firm that produces applied glass materials. SYP Group purchases the business for ¥5.8 billion (about USD 43.8 million) in accordance with the agreement. (Source: https://www.agc.com/en/news/pdf/20230508e.pdf) In September 2022, Nikon Corporation announced the extension of the brand's collaboration with NYC Salt, a group that gives underprivileged students from varied backgrounds access to visual arts opportunities as well as college and professional prospects. (Source: https://www.nikonusa.com/press-room/salt)

Top Companies Market Share in Aspheric Lens Industry: (In no particular order of Rank)

• Nikon Corporation (Japan)
• Canon
• Inc. (Japan)
• Panasonic Holding Corporation (Japan)
• HOYA (Japan)
• Asahi Glass (AGC) (Japan)
• Schott (Germany)
• ZEISS International (Germany)
• Tokai Optical (Japan)
• SEIKO Optical Products Co.
• Ltd. (Japan)
• Calin Technology Co.
• Ltd. (Taiwan)
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Aspheric Lens Market

Which Region Dominates the Aspheric Lens Market in 2024?

According to Cognitive Market Research, North America currently dominates the Aspheric Lens market, and the region is expected to have significant growth during the projected period. This expansion is fueled by solutions that address the region's spherical aberrations, astigmatism, and distortion.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific is expected to make significant gains during the projected period, with the greatest compound annual growth rate (CAGR), due to the rapidly expanding mobile phone, aspheric optical lens, and automotive industries. Throughout the predicted period, this region expects to see tremendous expansion.

The current report Scope analyzes Aspheric Lens Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Switzerland, Luxembourg, Rest of Europe)
• Asia Pacific (China, Japan, South Korea, India, Australia, Singapore, Taiwan, South East Asia, Rest of APAC)
• Latin America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East (Saudi Arabia, Turkey, UAE, Egypt, Qatar, Rest of Middle East)
• Africa (Nigeria, South Africa, Rest of Africa)

The above graph is for illustrative purposes only.

North America Aspheric Lens Market Analysis

According to Cognitive Market Research, the global Aspheric Lens Market size was estimated at USD 9154.5 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 3661.80 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.8% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Aspheric Lens Market with a market size of USD 2889.16 million in 2024 and is projected to grow at a CAGR of 4.6% during the forecast period. The U.S. market's Stringent governmental regulations against health.
• The Canada Aspheric Lens Market had a market share of USD 439.42 million in 2024 and is projected to grow at a CAGR of 5.6% during the forecast period. Canada’s rising awareness among the population.
• The Mexico Aspheric Lens Market is projected to witness growth at a CAGR of 5.3% during the forecast period, with a market size of USD 333.22 million in 2024.

Europe Aspheric Lens Market Analysis

According to Cognitive Market Research, the global Aspheric Lens Market size was estimated at USD 9154.5 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 2746.35 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.1% from 2024 to 2031.

• The United Kingdom Aspheric Lens Market had a market share of USD 461.39 million in 2024 and is projected to grow at a CAGR of 5.9% during the forecast period. In the UK, Aspheric Lens sales witness an upswing due to the increasing focus on technological developments in optical systems.
• The France Aspheric Lens Market is projected to witness growth at a CAGR of 4.3% during the forecast period, with a market size of USD 252.66 million in 2024.
• According to Cognitive Market Research, the German Aspheric Lens Market size was valued at USD 543.78 million in 2024 and is projected to grow at a CAGR of 5.3% during the forecast period. In Germany, Aspheric Lens surged due to the Increased focus of the manufacturers and major market players.
• The Italy Aspheric Lens Market is projected to witness growth at a CAGR of 4.5% during the forecast period, with a market size of USD 236.19 million in 2024.
• The Russia Aspheric Lens Market is projected to witness growth at a CAGR of 4.1% during the forecast period, with a market size of USD 425.68 million in 2024.
• The Spain Aspheric Lens Market is projected to witness growth at a CAGR of 4.2% during the forecast period with a market size of USD 225.20 million in 2024
• The Luxembourg Aspheric Lens Market is projected to witness growth at a CAGR of 5.2% during the forecast period, with a market size of USD 85.14 million in 2024.
• The Portugal Aspheric Lens Market is projected to witness growth at a CAGR of 4.9% during the forecast period, with a market size of USD 57.67 million in 2024.
• The Greece Aspheric Lens Market is projected to witness growth at a CAGR of 5.4% during the forecast period, with a market size of USD 32.96 million in 2024.
• The Rest of Europe's Aspheric Lens Market is projected to witness growth at a CAGR of 3.8% during the forecast period, with a market size of USD 425.68 million in 2024.

Asia Pacific Aspheric Lens Market Analysis

According to Cognitive Market Research, the global Aspheric Lens Market size was estimated at USD 9154.5 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 2105.74 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.6% from 2024 to 2031.

• According to Cognitive Market Research, the China Aspheric Lens Market size was valued at USD 947.49 million in 2024 and is projected to grow at a CAGR of 8.1% during the forecast period. Aspheric Lens surged in China due to Increased focus of the manufacturers and major market players.
• The Japan Aspheric Lens Market is projected to witness growth at a CAGR of 7.1% during the forecast period, with a market size of USD 290.56 million in 2024.
• The India Aspheric Lens Market had a market share of USD 252.66 million in 2024 and is projected to grow at a CAGR of 10.4% during the forecast period. India's rising awareness among the populations .
• The South Korean Aspheric Lens Market is projected to witness growth at a CAGR of 7.7% during the forecast period, with a market size of USD 210.55 million in 2024.
• The Australian Aspheric Lens Market is projected to witness growth at a CAGR of 8.3% during the forecast period, with a market size of USD 109.49 million in 2024.
• The South East Asia Aspheric Lens Market is projected to witness growth at a CAGR of 9.6% during the forecast period, with a market size of USD 145.28 million in 2024.
• The Rest of Asia Pacific Aspheric Lens Market is projected to witness growth at a CAGR of 8.4% during the forecast period, with a market size of USD 149.49 million in 2024.

South America Aspheric Lens Market Analysis

According to Cognitive Market Research, the global Aspheric Lens Market size was estimated at USD 9154.5 Million, out of which the Latin America held the market share of around 5% of the global revenue with a market size of USD 457.73 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.0 from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Aspheric Lens Market size was valued at USD 195.91 million in 2024 and is projected to grow at a CAGR of 6.6% during the forecast period. Aspheric Lens flourished in Brazil due to increasing demand for innovated lenses.
• Argentina's Aspheric Lens Market had a market share of USD 76.90 million in 2024 and is projected to grow at a CAGR of 6.9% during the forecast period. Argentina's rising Optical technologies.
• Colombia Aspheric Lens Market is projected to witness growth at a CAGR of 5.8% during the forecast period, with a market size of USD 40.74 million in 2024.
• Peru Aspheric Lens Market is projected to witness growth at a CAGR of 6.2% during the forecast period, with a market size of USD 37.53 million in 2024.
• Chile Aspheric Lens Market is projected to witness growth at a CAGR of 6.3% during the forecast period, with a market size of USD 32.96 million in 2024.
• The Rest of Latin America's Aspheric Lens Market is projected to witness growth at a CAGR of 5.1% during the forecast period, with a market size of USD 73.69 million in 2024.

Middle East Aspheric Lens Market Analysis

According to Cognitive Market Research, the global Aspheric Lens Market size was estimated at USD 9154.5 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 183.09 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.3% from 2024 to 2031..

• The GCC Countries Aspheric Lens Market is projected to witness growth at a CAGR of 7.1% during the forecast period, with a market size of USD 78.36 million in 2024. Aspheric Lens sales flourish due to the presence of major market players.
• The Egypt Aspheric Lens Market is projected to witness growth at a CAGR of 6.6% during the forecast period, with a market size of USD 19.22 million in 2024.
• The South Africa Aspheric Lens Market is projected to witness growth at a CAGR of 7.3% during the forecast period, with a market size of USD 28.93 million in 2024. Aspheric Lens sales flourished in South Africa due to increasing demand and regulatory support.
• The Turkey Aspheric Lens Market is projected to witness growth at a CAGR of 5.8% during the forecast period, with a market size of USD 15.75 million in 2024.
• The Nigeria Aspheric Lens Market is projected to witness growth at a CAGR of 5.4% during the forecast period, with a market size of USD 19.22 million in 2024.
• The Rest of the MEA Aspheric Lens Market is projected to witness growth at a CAGR of 5.3% during the forecast period, with a market size of USD 21.60 million in 2024.

Aspheric Lens Market Analysis

How are Segments Performing in the Global Aspheric Lens Market?

Aspheric Lens Market Type Segment Analysis

According to Cognitive Market Research, Glass aspherical lens are likely to dominate the Aspheric Lens Market over the forecast period, because of their superior mechanical strength over other materials. Glass aspheric lenses are resistant to breaking or cracking and can tolerate large impact forces. They are therefore perfect for uses where long-lasting lenses are needed.

The Plastic aspherical lens is the fastest-growing segment in the Aspheric Lens Market. Plastic aspherical lenses reduce spherical aberration, a common issue with traditional spherical lenses. This enhances the quality and clarity of the image, particularly in the corners. Furthermore, compared to traditional spherical lenses, plastic aspherical lenses are often lighter and more portable, which may make handling and transportation easier.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Aspheric Lens Industry. Request a Free Sample PDF!

Aspheric Lens Market Offering Segment Analysis

According to Cognitive Market Research, the Single aspherical lens segment holds the largest share of the market. Because a single aspherical lens has a simpler design and fewer lens components, it is less complicated and less costly to produce. The market is expanding because to rising R&D activity and the growing demand for these lenses.

In the Aspheric Lens Market, the Double aspherical lens has been expanding at a rapid pace, because of its capacity to reduce optical aberrations and improve image quality. High-performance optical systems, such as telescopes, microscopes, and cameras, frequently use these lenses.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Aspheric Lens Manufacturing Technology Outlook: Segment Analysis

• Molding
• Polishing & Grinding
• Others

Aspheric Lens Application Outlook: Segment Analysis

• Consumer Electronics
• Digital Cameras
• Automotive
• Ophthalmic
• Fiber Optics & Photonics
• Others

Author's Detail

Ashwini Moharir

Research Analyst at Cognitive Market Research

LinkedIn

Profile

Enthusiastic and analytical market research professional with 2 years of hands-on experience in tracking market trends, evaluating consumer behavior, and supporting strategic decision-making. Proficient in designing surveys, conducting interviews, and synthesizing insights from both primary and secondary sources. Successfully contributed to research projects across sectors such as retail, personal care, and industrial markets. Brings a keen eye for detail, strong data interpretation skills, and a passion for uncovering what drives markets forward. Comfortable working in fast-paced environments and collaborating across departments to deliver clear, actionable findings.

Author's Conclusion