Metalens is a lens developed based on metasurface technology and using micro-nano technology and dielectric materials. Metalenses will completely subvert the cumbersome lens groups in traditional optical devices, realize the original lens functions of several millimeters or even centimeters with a thickness of microns, and integrate the functions of multiple optical elements into one, greatly reducing the size and weight of the imaging system. , simplifying the structure and optimizing performance. Current commercial metalenses are focused on narrowband applications such as near-infrared (NIR), short wavelength infrared (SWIR), and narrowband visible, while broadband technology is being developed.
According to the new market research report “Visible Light Metalens – Global Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031”, published by QYResearch, the global Visible Light Metalens market size is projected to reach USD 469.54 million by 2031, at a CAGR of 94.7% during the forecast period.
Figure00001. Global Visible Light Metalens Market Size (US$ Million), 2020-2031
Source: QYResearch, “Visible Light Metalens – Global Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031”
Figure00002. Global Visible Light Metalens Top 5 Players Ranking and Market Share (Ranking is based on the revenue of 2023, continually updated)
Source: QYResearch, “Visible Light Metalens – Global Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031”
According to QYResearch Top Players Research Center, the global key manufacturers of Visible Light Metalens include Metalenz, Inc., Radiant Opto-Electronics (NIL Technology), MetaLenX, Hangzhou Najing Technology, SHPHOTONICS, etc. In 2023, the global top five players had a share approximately 78% in terms of revenue.
Market Drivers & Growth Opportunities:
- Unique performance advantages: Visible light metalens has the advantages of being thinner, lower cost, better imaging, easier to integrate, more efficient and easier to design freely. It can achieve the functions of traditional centimeter-level lenses with micron-level thickness, and can also integrate the functions of multiple optical components, greatly reducing the volume and weight of the imaging system, simplifying the structure and optimizing the performance.
- Promotion of technological innovation: Visible light metalens technology continues to make progress, design technology and process levels continue to improve, and its performance and stability are continuously improved. In terms of manufacturing process, a variety of technologies such as electron beam lithography are applied to the production of visible light metalenses, promoting the development of visible light metalenses towards higher resolution, higher output, larger area and higher performance.
- Market demand growth: Consumer electronics, automotive electronics, medical, industrial and many other fields are developing rapidly, and the demand for high-precision and high-performance optical devices is increasing. For example, in mobile phone cameras, the module size can be reduced, the imaging resolution can be improved and the cost can be reduced; in the field of automotive electronics, the performance of sensors such as vehicle-mounted cameras and lidar can be improved.
- Strong policy support: Governments of various countries have introduced policies to support the development of the optical industry. Through scientific research funding, tax incentives, talent training and other means, they encourage companies to increase their R&D investment in visible light metalenses and promote technological innovation and industrial upgrading.
Market Challenges & Risks：
- Low technical maturity: As an emerging optical technology, visible light metalens is still in its infancy and has a relatively low technical maturity. There are many challenges in terms of materials, processes, and design, such as low diffraction efficiency, immature existing manufacturing processes, and imperfect commercial design software, which limit its application in more scenarios.
- High manufacturing cost: The manufacture of visible light metalens requires high-precision processing technology and equipment, and the process is complex, which increases production costs and manufacturing difficulties. At the same time, the immaturity of the manufacturing process may also lead to unstable product quality and affect its market competitiveness.
- Limited market awareness: Since visible light metalens technology is relatively new, the market lacks awareness of it. Many downstream application companies and consumers do not have a deep understanding of its performance and advantages, and may encounter certain resistance in the process of market promotion and application.
- High competitive pressure: Traditional lenses still dominate in some fields and have mature technology and market systems. Visible light metalenses need to continue to improve in performance, cost, etc. to compete with traditional lenses. At the same time, with the development of the visible light metalens market, more and more companies are entering, and competition in the industry is becoming increasingly fierce.
Development trend of Visible Light Metalens:
- Expansion of application fields: With the continuous advancement of technology and the continuous expansion of application scenarios, the application of visible light metalenses in emerging fields such as super-resolution microscopy, holographic optics, and biomedical imaging will gradually unfold. It also has broad application prospects in VR/AR, autonomous driving, robotics and other fields, which will bring new growth points to the market.
- New materials and processes: The continuous advancement of new material technology, such as the application of graphene and nanomaterials, provides more possibilities for the design and manufacture of visible light metalenses. New preparation technologies such as two-photon polymerization (TPP) technology have improved the manufacturing accuracy and performance of metalenses.
- Collaborative development of the industry: Upstream and downstream enterprises in the visible light metalens industry chain strengthen cooperation and collaboration, form industrial chain advantages, and jointly promote the healthy development of the market. For example, cooperation between optical material suppliers, visible light metalens manufacturers, equipment manufacturers, and application companies will accelerate the research and development, production and application of visible light metalenses.
About The Authors
| Miao Yiren – Main analyst for this article
Email: miaoyiren@qyresearch.com QYResearch is trusted by over 65,000 clients and has specialized in market research for over 17 years. As a new industry consulting analyst of QYResearch, she specializes in business data analysis, market trend analysis and corporate strategy consulting, and is good at using data analysis tools, such as Python, SPSS, etc., to conduct deep mining of massive business data and provide data support for management decision-making. He has keen market insights and rich project experience in various fields such as finance, manufacturing and agriculture. |
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