Lucintel's latest market report analyzed that high precision asphere provides attractive opportunities in the automotive, camera, mobile phone and tablets, and optical instrument applications. The high precision asphere market is expected to reach $XX billion by 2028 with a CAGR of 8% to 10%. In this market, glass aspherical lens is the largest segment by product, whereas mobile phone and tablet is largest by application. Increasing adoption of accurate camera features in various applications and technological advancements in aspherical lenses provides strategic growth path in this market.

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Based on product, the high precision asphere market is segmented into glass aspherical lens and plastic aspherical lens. The glass aspherical lens segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to because these lenses have a higher range of refractive index, have higher applicability areas, and provides a better focus point and a larger focal length range.

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The High Precision AsphereMarket is marked by the presence of several big and small players. Some of the prominent players offering high precision asphere include NikonCanon, Edmund Optics, Panasonic, Hoya, AGC, SCHOTT AG, Carl Zeiss AG, Largan Precision, Asia Optical.

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