Plastic Lens Market Share, Size, Trends, Industry Analysis Report, By Type (Aspheric Lens, Spherical Lens, LED Lens, Sensor Lens, Diffractive Lens, Collimating Lens, Cylindrical Lens, and Others); By Application; By End Users; By Region; Segment Forecast,

Plastic Lens Market Share, Size, Trends, Industry Analysis Report, By Type (Aspheric Lens, Spherical Lens, LED Lens, Sensor Lens, Diffractive Lens, Collimating Lens, Cylindrical Lens, and Others); By Application; By End Users; By Region; Segment Forecast, 2023 – 2032

The global plastic lens market size is expected to reach USD 9,378.47 million by 2032, according to a new study by Polaris Market Research. The report “Plastic Lens Market Share, Size, Trends, Industry Analysis Report, By Type (Aspheric Lens, Spherical Lens, LED Lens, Sensor Lens, Diffractive Lens, Collimating Lens, Cylindrical Lens, and Others); By Application; By End User; By Region; Segment Forecast, 2019 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The rapidly increasing product demand in various consumer electronics and healthcare and medical devices, growing technological advancements in optical technology including designs and materials, and their rising popularity over conventional glass lenses due to ability to be easily shaped or molded into different forms, are prominent factors influencing the demand and growth of the market.

Moreover, as the global population ages and eye-related issues become more prevalent at significant pace, the demand for eyewear and vision correction-related products increases, that encourages manufacturers to develop more innovative and advanced products, to cater to the rising demand for these products including plastic lenses.

For instance, in July 2023, Nidec Instruments, unveiled its newly developed plastic fish-eye lens equipped with a plastic lens and has same strength to the glass lenses and are likely to be adopted as outermost lens with enhanced surface hardness.

In the recent years, there has been a drastic shift towards the utilization of environmentally friendly materials to develop plastic lenses made from biodegradable or recyclable materials, in order to cater to increasing focus of both consumers and industries across the world on sustainability, which in turn, pushes the market growth forward at exponential pace.

For instance, in August 2022, SPECSAVERS, announced the launch of a new glasses and contact lens recycling initiative along with MYgroup, which allow customers to drop off their both plastic and ketal glasses and sunglasses as well as contact lenses.

Many industries including automotive, aerospace, medical, and wearable technology are heavily increasing their focus and investments towards lightweight components including plastic lens, to reduce the overall weight while maintaining higher optical quality, that is gaining huge traction and generating ample revenue opportunities for the market.

Plastic Lens Market Report Highlights

Aspheric lens segment accounted for noteworthy share, due to rising applications of these lenses in optical and ophthalmic instruments

Imaging segment held the largest share, mainly driven by growing product use in automotive applications and penetration for consumer electronics

Medical equipment segment will grow at highest growth rate, driven by growing adoption of minimally invasive procedures that significantly requires these lenses

North America region dominated the global market, on account of region’s higher spending on consumer electronics and increasing prevalence of eye disorders

The key market players include Bluebell Industries, Nikon Corporation, Panasonic Holding Corporation, Lensel Optics, and Korea Optical

Polaris Market Research has segmented the plastic lens market report based on type, application, end user, and region:

Plastic Lens, Type Outlook (Revenue - USD Million, 2019 - 2032)

Aspheric Lens

Spherical Lens

LED Lens

Sensor Lens

Diffractive Lens

Collimating Lens

Cylindrical Lens

Others

Plastic Lens, Application Outlook (Revenue - USD Million, 2019 - 2032)

Safety Equipment

Sensing

Imaging

Projection Display

Flight Simulators

Detecting

Telecom Optics

Scanning

Broader Scanner Optics

Plastic Lens, End User Outlook (Revenue - USD Million, 2019 - 2032)

Medical Equipment

Scientific Equipment

Military Equipment

Consumer Electronics

Plastic Lens, Regional Outlook (Revenue - USD Million, 2019 - 2032)

North America

U.S.

Canada

Europe

Germany

UK

France

Italy

Spain

Russia

Netherlands

Asia Pacific

China

India

Japan

South Korea

Indonesia

Malaysia

Latin America

Argentina

Brazil

Mexico

Middle East & Africa

UAE

Saudi Arabia

Israel

South Africa
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