Overview of the Market for Optical Instrument And Lens in the USA
In value terms, optical instrument and lens production amounted to $ in . Overall, production, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of % y-o-y. Over the period under review, production reached the maximum level at $ in 2018; afterwards, it flattened through to .
The revenue of the optical instrument and lens market in the U.S. shrank remarkably to $ in , waning by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2017 with an increase of % y-o-y. Optical instrument and lens consumption peaked at $ in 2019, and then reduced sharply in the following year.