According to IMARC Group’s latest research report, titled “Glass Lens Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027“, offers a comprehensive analysis of the industry, which comprises insights into the glass lens market. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global glass lens market reached a value of US$ 43.1 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 54.6 Billion by 2027, exhibiting a CAGR of 3.91% during 2022-2027.
Glass Lens Market Outlook:
Lenses are pieces of glass with curved sides, which are used for concentrating or dispersing rays of light. They are widely used in the manufacturing of spectacles to rectify vision impairments and to protect the eyes from environmental pollutants such as wind, debris, and UV rays. In addition to this, they help to adjust the amount of light that enters the eye and are available in numerous forms, depending on the consumer requirements and the degree of the defect in the eye. Consumers have the option of customizing the spectacles by adding different kinds of coatings on the lens, such as scratch-resistant, anti-reflective, blue-light reduction and UV protection.
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Glass Lens Market Growth:
Rapid urbanization, in confluence with technological advancements, has increased the exposure of the younger population to smartphones, tablets, laptops and personal computers. This has led to the prevalence of eyesight disorders such as myopia, hyperopia and astigmatism. In line with this, the increasing incidences of Computer Vision Syndrome (CVS), or digital eye strain, especially among the working population, is strengthening the growth of the market. Moreover, the rising geriatric population, coupled with the increasing life expectancy, is impelling the demand for spectacles. Furthermore, the burgeoning e-commerce industry is offering lucrative opportunities to the manufacturers for distributing their products through online channels.
Key Market Segmentation:
- Essilor International S.A.
- Hoya Corporation
- Eastman Kodak Company
- Carl Zeiss Inc.
- Fielmann AG
- Nikon Corporation
- Seiko Holdings Corporation
- Luxottica Group S.p.A.
- Shanghai Conant Optics Company
- JiangSu HongChen Optical Company
Breakup by Product Type:
- Single Vision Lenses
- Progressive Lenses
- Bifocal and Trifocal Lenses
- Photochromic Lenses
- Polarized Lenses
Breakup by Coating:
- Blue Light Reduction
- UV Protection
Breakup by Distribution Channel:
Breakup by Region:
- North America (United States, Canada)
- Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
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