GITNUX MARKETDATA REPORT 2024
Optical Lenses Industry Statistics
The optical lenses industry is projected to experience steady growth due to increasing demand for cameras, smartphones, and medical devices.
In this post, we will explore the dynamic landscape of the optical lenses industry, analyzing key statistics and trends shaping the market. From the global market value and growth projections to regional market shares and emerging demands in various sectors, this overview provides a comprehensive snapshot of the industry’s current status and future prospects.
Statistic 1
"The global optical lenses market was valued at USD 14.6 billion in 2020."
Statistic 2
"The market is expected to expand at a CAGR of 7.8% from 2021 to 2028."
Statistic 3
"The spherical lens segment dominated the market in terms of revenue in 2020."
Statistic 4
"Converging lens sector is forecasted to witness the fastest growth over the next decade."
Statistic 5
"The demand for optical lenses in the consumer electronics vertical is expected to witness significant growth."
Statistic 6
"The North America region held the largest market share in 2020."
Statistic 7
"The Asia Pacific region is expected to experience the fastest growth in the future due to the rapid increase in eyewear demand."
Statistic 8
"The production value of the eyeglass lens industry in the U.S. was about USD 3 billion in 2019."
Statistic 9
"China is the largest producer of optical lenses globally."
Statistic 10
"The estimated value of spectacles market worldwide by 2027 is anticipated to reach approximately USD 387.7 billion."
Statistic 11
"Lenses for myopia control account for over one-third of all new product development in contact lenses."
Statistic 12
"45% of world’s population suffer from vision-related issues which primarily drives the demand for the lenses market."
Statistic 13
"The South American market will expand with a CAGR of 8.9% during 2018-2023."
Statistic 14
"The revenue of lens manufacturing in the U.S. amounted to approximately USD 5.94 billion in 2018."
Statistic 15
"The global market for Ophthalmic Lenses is projected to reach USD 25.8 billion by 2025."
Statistic 16
"3D Cinema lenses, a segment of ophthalmic lenses, is projected to grow at 4.6% CAGR by 2025."
Statistic 17
"The global volumes of eyewear in 2019 totaled 4 billion units."
Statistic 18
"The global share of premium priced eyewear is expected to reach 33% by 2022."
Statistic 19
"The number of people wearing spectacles in India is approximately 35% of the total population."
Statistic 20
"In 2019, there were 109.96 million units of contact lenses sold in South Korea."
Jannik Lindner
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