Product Code: PM3746
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
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
3. Research Methodology
- 3.1. Overview
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. Global Plastic Lens Market Insights
- 4.1. Plastic Lens Market - End User Snapshot
- 4.2. Plastic Lens Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Rising use of mobile phones
- 4.2.1.2. Increasing technological advancement
- 4.2.2. Restraints and Challenges
- 4.2.2.1. Durability and Scratch Resistance
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTEL Analysis
- 4.5. Plastic Lens Market End User Trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
5. Global Plastic Lens Market, by Type
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global Plastic Lens Market, by Type, 2019-2032 (USD Million)
- 5.3. Aspheric Lens
- 5.3.1. Global Plastic Lens Market, by Aspheric Lens, by Region, 2019-2032 (USD Million)
- 5.4. Spherical Lens
- 5.4.1. Global Plastic Lens Market, by Spherical Lens, by Region, 2019-2032 (USD Million)
- 5.5. LED Lens
- 5.5.1. Global Plastic Lens Market, by LED Lens, by Region, 2019-2032 (USD Million)
- 5.6. Sensor Lens
- 5.6.1. Global Plastic Lens Market, by Sensor Lens, by Region, 2019-2032 (USD Million)
- 5.7. Diffractive Lens
- 5.7.1. Global Plastic Lens Market, by Diffractive Lens, by Region, 2019-2032 (USD Million)
- 5.8. Collimating Lens
- 5.8.1. Global Plastic Lens Market, by Collimating Lens, by Region, 2019-2032 (USD Million)
- 5.9. Cylindrical Lens
- 5.9.1. Global Plastic Lens Market, by Cylindrical Lens, by Region, 2019-2032 (USD Million)
- 5.10. Others
- 5.10.1. Global Plastic Lens Market, by Others, by Region, 2019-2032 (USD Million)
6. Global Plastic Lens Market, by Application
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Global Plastic Lens Market, by Application, 2019-2032 (USD Million)
- 6.3. Safety Equipment
- 6.3.1. Global Plastic Lens Market, by Safety Equipment, by Region, 2019-2032 (USD Million)
- 6.4. Sensing
- 6.4.1. Global Plastic Lens Market, by Sensing, by Region, 2019-2032 (USD Million)
- 6.5. Imaging
- 6.5.1. Global Plastic Lens Market, by Imaging, by Region, 2019-2032 (USD Million)
- 6.6. Projection Display
- 6.6.1. Global Plastic Lens Market, by Projection Display, by Region, 2019-2032 (USD Million)
- 6.7. Flight Simulators
- 6.7.1. Global Plastic Lens Market, by Flight Simulators, by Region, 2019-2032 (USD Million)
- 6.8. Detecting
- 6.8.1. Global Plastic Lens Market, by Detecting, by Region, 2019-2032 (USD Million)
- 6.9. Telecom Optics
- 6.9.1. Global Plastic Lens Market, by Telecom Optics, by Region, 2019-2032 (USD Million)
- 6.10. Scanning
- 6.10.1. Global Plastic Lens Market, by Scanning, by Region, 2019-2032 (USD Million)
- 6.11. Broader Scanner Optics
- 6.11.1. Global Plastic Lens Market, by Broader Scanner Optics, by Region, 2019-2032 (USD Million)
7. Global Plastic Lens Market, by End User
- 7.1. Key Findings
- 7.2. Introduction
- 7.2.1. Global Plastic Lens Market, by End User, 2019-2032 (USD Million)
- 7.3. Medical Equipment
- 7.3.1. Global Plastic Lens Market, by Medical Equipment, By Region, 2019-2032 (USD Million)
- 7.4. Scientific Equipment
- 7.4.1. Global Plastic Lens Market, by Scientific Equipment, By Region, 2019-2032 (USD Million)
- 7.5. Military Equipment
- 7.5.1. Global Plastic Lens Market, by Military Equipment, By Region, 2019-2032 (USD Million)
- 7.6. Consumer Electronics
- 7.6.1. Global Plastic Lens Market, by Consumer Electronics, By Region, 2019-2032 (USD Million)
8. Global Plastic Lens Market, by Geography
- 8.1. Key findings
- 8.2. Introduction
- 8.2.1. Plastic Lens Market Assessment, By Geography, 2019-2032 (USD Million)
- 8.3. Plastic Lens Market - North America
- 8.3.1. North America: Plastic Lens Market, by Type, 2019-2032 (USD Million)
- 8.3.2. North America: Plastic Lens Market, by End User, 2019-2032 (USD Million)
- 8.3.3. North America: Plastic Lens Market, by Application, 2019-2032 (USD Million)
- 8.3.4. Plastic Lens Market - U.S.
- 8.3.4.1. U.S.: Plastic Lens Market, by Type, 2019-2032 (USD Million)
- 8.3.4.2. U.S.: Plastic Lens Market, by End User, 2019-2032 (USD Million)
- 8.3.4.3. U.S.: Plastic Lens Market, by Application, 2019-2032 (USD Million)
- 8.3.5. Plastic Lens Market - Canada
- 8.3.5.1. Canada: Plastic Lens Market, by Type, 2019-2032 (USD Million)
- 8.3.5.2. Canada.: Plastic Lens Market, by End User, 2019-2032 (USD Million)
- 8.3.5.3. Canada: Plastic Lens Market, by Application, 2019-2032 (USD Million)
- 8.4. Plastic Lens Market - Europe
- 8.4.1. Europe: Plastic Lens Market, by Type, 2019-2032 (USD Million)
- 8.4.2. Europe.: Plastic Lens Market, by End User, 2019-2032 (USD Million)
- 8.4.3. Europe: Plastic Lens Market, by Application, 2019-2032 (USD Million)
- 8.4.4. Plastic Lens Market - UK
- 8.4.4.1. UK: Plastic Lens Market, by Type, 2019-2032 (USD Million)
- 8.4.4.2. UK.: Plastic Lens Market, by End User, 2019-2032 (USD Million)
- 8.4.4.3. UK: Plastic Lens Market, by Application, 2019-2032 (USD Million)
- 8.4.5. Plastic Lens Market - France
- 8.4.5.1. France: Plastic Lens Market, by Type, 2019-2032 (USD Million)
- 8.4.5.2. France.: Plastic Lens Market, by End User, 2019-2032 (USD Million)
- 8.4.5.3. France: Plastic Lens Market, by Application, 2019-2032 (USD Million)
- 8.4.6. Plastic Lens Market - Germany
- 8.4.6.1. Germany: Plastic Lens Market, by Type, 2019-2032 (USD Million)
- 8.4.6.2. Germany.: Plastic Lens Market, by End User, 2019-2032 (USD Million)
- 8.4.6.3. Germany: Plastic Lens Market, by Application, 2019-2032 (USD Million)
- 8.4.7. Plastic Lens Market - Italy
- 8.4.7.1. Italy: Plastic Lens Market, by Type, 2019-2032 (USD Million)
- 8.4.7.2. Italy.: Plastic Lens Market, by End User, 2019-2032 (USD Million)
- 8.4.7.3. Italy: Plastic Lens Market, by Application, 2019-2032 (USD Million)
- 8.4.8. Plastic Lens Market - Spain
- 8.4.8.1. Spain: Plastic Lens Market, by Type, 2019-2032 (USD Million)
- 8.4.8.2. Spain.: Plastic Lens Market, by End User, 2019-2032 (USD Million)
- 8.4.8.3. Spain: Plastic Lens Market, by Application, 2019-2032 (USD Million)
- 8.4.9. Plastic Lens Market - Netherlands
- 8.4.9.1. Netherlands: Plastic Lens Market, by Type, 2019-2032 (USD Million)
- 8.4.9.2. Netherlands.: Plastic Lens Market, by End User, 2019-2032 (USD Million)
- 8.4.9.3. Netherlands: Plastic Lens Market, by Application, 2019-2032 (USD Million)
- 8.4.10. Plastic Lens Market - Russia
- 8.4.10.1. Russia: Plastic Lens Market, by Type, 2019-2032 (USD Million)
- 8.4.10.2. Russia.: Plastic Lens Market, by End User, 2019-2032 (USD Million)
- 8.4.10.3. Russia: Plastic Lens Market, by Application, 2019-2032 (USD Million)
- 8.5. Plastic Lens Market - Asia Pacific
- 8.5.1. Asia Pacific: Plastic Lens Market, by Type, 2019-2032 (USD Million)
- 8.5.2. Asia Pacific.: Plastic Lens Market, by End User, 2019-2032 (USD Million)
- 8.5.3. Asia Pacific: Plastic Lens Market, by Application, 2019-2032 (USD Million)
- 8.5.4. Plastic Lens Market - China
- 8.5.4.1. China: Plastic Lens Market, by Type, 2019-2032 (USD Million)
- 8.5.4.2. China.: Plastic Lens Market, by End User, 2019-2032 (USD Million)
- 8.5.4.3. China: Plastic Lens Market, by Application, 2019-2032 (USD Million)
- 8.5.5. Plastic Lens Market - India
- 8.5.5.1. India: Plastic Lens Market, by Type, 2019-2032 (USD Million)
- 8.5.5.2. India.: Plastic Lens Market, by End User, 2019-2032 (USD Million)
- 8.5.5.3. India: Plastic Lens Market, by Application, 2019-2032 (USD Million)
- 8.5.6. Plastic Lens Market - Malaysia
- 8.5.6.1. Malaysia: Plastic Lens Market, by Type, 2019-2032 (USD Million)
- 8.5.6.2. Malaysia.: Plastic Lens Market, by End User, 2019-2032 (USD Million)
- 8.5.6.3. Malaysia: Plastic Lens Market, by Application, 2019-2032 (USD Million)
- 8.5.7. Plastic Lens Market - Japan
- 8.5.7.1. Japan: Plastic Lens Market, by Type, 2019-2032 (USD Million)
- 8.5.7.2. Japan.: Plastic Lens Market, by End User, 2019-2032 (USD Million)
- 8.5.7.3. Japan: Plastic Lens Market, by Application, 2019-2032 (USD Million)
- 8.5.8. Plastic Lens Market - Indonesia
- 8.5.8.1. Indonesia: Plastic Lens Market, by Type, 2019-2032 (USD Million)
- 8.5.8.2. Indonesia.: Plastic Lens Market, by End User, 2019-2032 (USD Million)
- 8.5.8.3. Indonesia: Plastic Lens Market, by Application, 2019-2032 (USD Million)
- 8.5.9. Plastic Lens Market - South Korea
- 8.5.9.1. South Korea: Plastic Lens Market, by Type, 2019-2032 (USD Million)
- 8.5.9.2. South Korea.: Plastic Lens Market, by End User, 2019-2032 (USD Million)
- 8.5.9.3. South Korea: Plastic Lens Market, by Application, 2019-2032 (USD Million)
- 8.6. Plastic Lens Market - Middle East & Africa
- 8.6.1. Middle East & Africa: Plastic Lens Market, by Type, 2019-2032 (USD Million)
- 8.6.2. Middle East & Africa.: Plastic Lens Market, by End User, 2019-2032 (USD Million)
- 8.6.3. Middle East & Africa: Plastic Lens Market, by Application, 2019-2032 (USD Million)
- 8.6.4. Plastic Lens Market - Saudi Arabia
- 8.6.4.1. Saudi Arabia: Plastic Lens Market, by Type, 2019-2032 (USD Million)
- 8.6.4.2. Saudi Arabia.: Plastic Lens Market, by End User, 2019-2032 (USD Million)
- 8.6.4.3. Saudi Arabia: Plastic Lens Market, by Application, 2019-2032 (USD Million)
- 8.6.5. Plastic Lens Market - UAE
- 8.6.5.1. UAE: Plastic Lens Market, by Type, 2019-2032 (USD Million)
- 8.6.5.2. UAE.: Plastic Lens Market, by End User, 2019-2032 (USD Million)
- 8.6.5.3. UAE: Plastic Lens Market, by Application, 2019-2032 (USD Million)
- 8.6.6. Plastic Lens Market - Israel
- 8.6.6.1. Israel: Plastic Lens Market, by Type, 2019-2032 (USD Million)
- 8.6.6.2. Israel.: Plastic Lens Market, by End User, 2019-2032 (USD Million)
- 8.6.6.3. Israel: Plastic Lens Market, by Application, 2019-2032 (USD Million)
- 8.6.7. Plastic Lens Market - South Africa
- 8.6.7.1. South Africa: Plastic Lens Market, by Type, 2019-2032 (USD Million)
- 8.6.7.2. South Africa.: Plastic Lens Market, by End User, 2019-2032 (USD Million)
- 8.6.7.3. South Africa: Plastic Lens Market, by Application, 2019-2032 (USD Million)
- 8.7. Plastic Lens Market - Latin America
- 8.7.1. Latin America: Plastic Lens Market, by Type, 2019-2032 (USD Million)
- 8.7.2. Latin America.: Plastic Lens Market, by End User, 2019-2032 (USD Million)
- 8.7.3. Latin America: Plastic Lens Market, by Application, 2019-2032 (USD Million)
- 8.7.4. Plastic Lens Market - Mexico
- 8.7.4.1. Mexico: Plastic Lens Market, by Type, 2019-2032 (USD Million)
- 8.7.4.2. Mexico.: Plastic Lens Market, by End User, 2019-2032 (USD Million)
- 8.7.4.3. Mexico: Plastic Lens Market, by Application, 2019-2032 (USD Million)
- 8.7.5. Plastic Lens Market - Brazil
- 8.7.5.1. Brazil: Plastic Lens Market, by Type, 2019-2032 (USD Million)
- 8.7.5.2. Brazil.: Plastic Lens Market, by End User, 2019-2032 (USD Million)
- 8.7.5.3. Brazil: Plastic Lens Market, by Application, 2019-2032 (USD Million)
- 8.7.6. Plastic Lens Market - Argentina
- 8.7.6.1. Argentina: Plastic Lens Market, by Type, 2019-2032 (USD Million)
- 8.7.6.2. Argentina.: Plastic Lens Market, by End User, 2019-2032 (USD Million)
- 8.7.6.3. Argentina: Plastic Lens Market, by Application, 2019-2032 (USD Million)
9. Competitive Landscape
- 9.1. Expansion and Acquisition Analysis
- 9.1.1. Expansion
- 9.1.2. Acquisitions
- 9.2. Partnerships/Collaborations/Agreements/Exhibitions
10. Company Profiles
- 10.1. Asahi Glass
- 10.1.1. Company Overview
- 10.1.2. Financial Performance
- 10.1.3. Product Benchmarking
- 10.1.4. Recent Development
- 10.2. Bluebell Industries Ltd.
- 10.2.1. Company Overview
- 10.2.2. Financial Performance
- 10.2.3. Product Benchmarking
- 10.2.4. Recent Development
- 10.3. Calin Technology Co. Ltd.
- 10.3.1. Company Overview
- 10.3.2. Financial Performance
- 10.3.3. Product Benchmarking
- 10.3.4. Recent Development
- 10.4. Canon Inc.
- 10.4.1. Company Overview
- 10.4.2. Financial Performance
- 10.4.3. Product Benchmarking
- 10.4.4. Recent Development
- 10.5. Hinode
- 10.5.1. Company Overview
- 10.5.2. Financial Performance
- 10.5.3. Product Benchmarking
- 10.5.4. Recent Development
- 10.6. HOYA Corporation
- 10.6.1. Company Overview
- 10.6.2. Financial Performance
- 10.6.3. Product Benchmarking
- 10.6.4. Recent Development
- 10.7. Korea Optical Co. Ltd.
- 10.7.1. Company Overview
- 10.7.2. Financial Performance
- 10.7.3. Product Benchmarking
- 10.7.4. Recent Development
- 10.8. Lensel Optics Pvt. Ltd.
- 10.8.1. Company Overview
- 10.8.2. Financial Performance
- 10.8.3. Product Benchmarking
- 10.8.4. Recent Development
- 10.9. Luxottica Group S.p.A.
- 10.9.1. Company Overview
- 10.9.2. Financial Performance
- 10.9.3. Product Benchmarking
- 10.9.4. Recent Development
- 10.10. Nikon Corporation
- 10.10.1. Company Overview
- 10.10.2. Financial Performance
- 10.10.3. Product Benchmarking
- 10.10.4. Recent Development
- 10.11. Panasonic Holding Corporation
- 10.11.1. Company Overview
- 10.11.2. Financial Performance
- 10.11.3. Product Benchmarking
- 10.11.4. Recent Development
- 10.12. Plastic Optics
- 10.12.1. Company Overview
- 10.12.2. Financial Performance
- 10.12.3. Product Benchmarking
- 10.12.4. Recent Development
- 10.13. Rodenstock GmbH
- 10.13.1. Company Overview
- 10.13.2. Financial Performance
- 10.13.3. Product Benchmarking
- 10.13.4. Recent Development
- 10.14. Tokai Optical Co. Ltd.
- 10.14.1. Company Overview
- 10.14.2. Financial Performance
- 10.14.3. Product Benchmarking
- 10.14.4. Recent Development
- 10.15. Toyotec Co. Ltd.
- 10.15.1. Company Overview
- 10.15.2. Financial Performance
- 10.15.3. Product Benchmarking
- 10.15.4. Recent Development
- 10.16. ZEISS International
- 10.16.1. Company Overview
- 10.16.2. Financial Performance
- 10.16.3. Product Benchmarking
- 10.16.4. Recent Development