UK Optical Glass Market

SKU: DMMD3017 | Last Updated On: Oct 04 2022 | Available Formats

>UK Optical Glass Market Expected to reach a high CAGR 5.1% during the forecast period 2022-2029:

UK Optical Glass Market is segmented By Type (Raw Glass (Block, Strips), Cut Blanks (Plates, Round Plates, Worked Rods, Cut Prism), Pressings (Pressed Blanks, Pressed Prisms), Miniaturized Ball Lenses, Disc, Others), By Materials (HT and HTultra Glass, XLD Glass, High Homogeneity Glass, Low Tg Glass, i-Line Glas, Radiation Resistant Glass, Radiation Shielding Glass, Sapphire, Glass Wafers with High Refractive Index, Infrared Chalcogenide Glass, Others), By Components (Lenses (Aspherical Lenses, Spherical Lenses, Cylindrical Lenses), Plano-Plano Optics, Prisms, Coating, Ceramic Converters, Others), By Filter (Optical Filter Glass (Bandpass Filter, Longpass Filter, Shortpass Filter, Neutral Density Filter, Contrast Enhancement Filter, Multiband Filter, Photo Filter), Interference Filter), By End-User (Digital Projection, Automotive, Life Science, Short-Wave Infrared Range, Machine Vision, Surveillance Systems, Professional Movie Camera Lenses, Others), and By Region – Share, Size, Outlook, and Opportunity Analysis, 2022-2029.

The UK Optical Glass Market is expected to grow high at a CAGR 5.1% during the forecasting period (2022-2029).

Optical glass is used in almost every camera, projector, vehicle, lab equipment, among others. Optical glass provides the necessary functionality to various equipment where any visual is required. Several companies are entering into a collaboration with several organizations, associations, institutes, and foundations for the optical glass technology. For instance, in February 2020, SCHOTT AG entered into a strategic partnership with WaveOptics, a UK based designer and manufacturer of AR wearables, to distribute its product line “SCHOTT RealView” of high-index glass wafers 1.8 RI. Optical glass is gaining traction owing to the growing demand for automobiles and movie making cameras, along with projectors

UK Optical Glass Market

Metrics

Details

Market CAGR

5.1%

Segments Covered

By Type, By Materials, By Components, By Filter, By End-User, and By Region

Report Insights Covered

Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other key insights.

Fastest Growing Region

Asia Pacific

Largest Market Share 

North America

UK Optical Glass Market Dynamic

The digital projection equipment such as DLP Projector, LCD Projector, LCOS, etc. which are used in residential, institutions, commercial offices, exhibition & tradeshow, hotels, bars, and restaurants, among others

Digital projects are most commonly being used in school and college auditoriums, classrooms, seminar hall, conference room, commercial offices, bars, and restaurants for decades

Demand for short-throw DLP projectors and ultra-short-throw DLP projectors is higher than normal-throw DLP projectors due to demands in small-space applications. Since small-space applications are accompanied by business, entertainment, and education sectors, they are positively anticipated to positively impact market growth.

The digital projector has various features such as increased pixels, high contrast feature, durability, reliability and portability. Although digital projection equipment is costly as compared to its peers

Digital projection equipment is gaining traction due to a wider presentation range, which can cater to a broader audience than TV and other projection equipment.

UK Optical Glass Market Segmentation Analysis

By Type

The raw glass segment in UK optical glass market is reached US$ XX Million in 2019 and is expected to reach US$ XX Million by 2027 growing with a CAGR of XX% between 2020 and 2027

Raw glass detectors are extensively utilized in various industries, including automotive, healthcare, etc. Raw glass is most commonly used due to its cheap cost and easy availability.

It is majorly used in developing countries and low-end applications where high technicality is not required

In September 2019, AGC Inc., a Japan-based optical glass manufacturer, established a new raw glass manufacturing plant in Suzhou, Jiangsu, China, to produce 3D/complex-shaped cover glass for car-mounted displays.

By Region

The UK optical glass market is reached US$ XX Million in 2019 and is expected to reach US$ XX Million by 2027 growing with a CAGR of XX% between 2020 and 2027

The optical glass market is growing due to the rising demand for automobiles. Also, the replacement of old equipment’s in new schools, colleges, and new companies is a quite common UK which is boosting the demand for optical glass.

UK is the one of the largest electronic equipment consumer in Europe, which further increased the demand for optical glass in the region. The UK is also the fastest-growing market for movie-making equipment, which further grown optical glass demand.

Frequently Asked Questions

What is the Projected CAGR value of the UK Optical Glass Market?

UK Optical Glass Market is expected to grow at a CAGR of 5% during the forecasting period 2022-2029.

Which region controlled the global market during 2022-2029?

North America region Controls the UK Optical Glass Market during 2022-2029

Which is the fastest growing region in the UK Optical Glass Market?

Among all regions, Asia Pacific is the fastest growing market share during the forecast period 

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