Collimating Lenses Market
Global Collimating Lenses Market Size, Share & Trend Analysis Report by Light Source (LED, Laser, and Others), By Material (Glass, Plastic, and Others), By Application (Automobile, Medical, LiDAR, Light and Display Measurement, and Spectrometer), Forecast (2022-2028) Update Available - Forecast 2024-2030
The global collimating lenses market is expected to grow at a CAGR of nearly 5.77% during the forecast period. (2022-2028). Collimating lenses are the optical lens used to convert divergent streams into parallel beams. The light can be collimated using a suitable lens and focal length. The lenses are made up of tubes with one or more lenses, which can be connected to an optical system using fiber or can be connected directly to the system for the transmission of parallel beams.
The factor for growth of the market is the use of collimating lenses for light measurements of the diffuse surface of the light source such as OLED panel. Collimating lenses have advantages including adjustment of the rectangular field for illumination and the advantage of the aspheric lens over the spherical lens is expected to propel the growth of the global collimating lenses market. For instance, in March 2021, LensVector and Gaggione developed the first mechanical system that can integrate LensVector’s liquid-crystal lens and Gaggione’s narrow-beam collimating optic. This system can be more useful for the luminaire manufacturer to manufacture high-quality collimating optics.
Impact of COVID-19 on Global Collimating Lenses Market
COVID-19 has impacted the global economy due to a slowdown in the manufacturing of various industries. Same with manufacturing facilities of collimating lens manufacturers, due to lockdown around the globe, the manufacturing and distribution of the collimating optics stopped, resulting in limiting the growth of the global collimating lenses market.
Segmental Outlook
The global collimating lenses market is segmented based on the light source, material, and application. Based on light sources, the market is sub-segmented into LED, laser, and others. Others include xenon lamps, infrared lights, and RGBs. Based on material, the market is sub-segmented into glass, plastic, and others. Others include silica and crystal. Based on application, the market is sub-segmented into the automobile, medical, LiDAR, light and display measurement, and spectrometers. Among these, the glass material segment is expected to hold prominent shares in the global collimating lenses market.
Global Collimating Lenses Market By Application, 2021(%)
The Light and Display Measurement Segment is Anticipated to Hold a Major Share in the Global Collimating Lenses market.
The light and display measurement segment is anticipated to hold the major share in the global collimating lenses market due to an increase in demand for wireless audio and video devices. The market for infotainment systems has been increasing due to which the demand for collimating lenses for the use of light in display measurement to check the electronic displays and for the controls of the wireless audio and infotainment systems. The use of digital displays in various electronic devices such as mobile phones, TVs and computers with various display technologies including QLED (quantum dot light-emitting diode) and OLED (organic light-emitting diode). The use of collimating lenses for the light and display measurement of such displays has increased the market growth of the segment in the global collimating lenses market.
Regional Outlooks
The global collimating lenses market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East & Africa, and Latin America). The Asia Pacific region is expected to hold the major share in the global collimating lenses market due to the increasing automobile market in the region. In addition, emerging economies including India and China are expected to have the largest electronic manufacturing market. Resulting in the increased demand for collimating lenses in the Asia Pacific region.
Global Collimating Lenses Market Growth by Region, 2022-2028
The North America Region is Expected to Grow at a Significant CAGR among the Global Collimating Lenses Market During Forecast Year.
The North American region is anticipated to grow at a significant CAGR during the forecast year due to the increasing demand for LED lighting systems in the North American region. There are various benefits of the LED lighting system including energy efficiency, extended life, no UV emission, and the ability to operate in cold temperatures. In addition, the increasing demand for optical measurement systems which use collimating lens in the North American region is also expected to grow the North American collimating lenses market.
Market Players Outlook
The major companies serving the global Collimating Lenses market include Avantes BV, LightPath Technologies, Ocean Optics, Inc., INGENRIC GmbH, TRIOPTICS GmbH, and many others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers & acquisitions, collaborations, fundings, and new product launches. For instance, In April 2021, Optikos Corp. announced the expansion of its manufacturing facility in Wakefield, Massachusetts, US. The aim of expanding the facility is to increase the development capability of its existing products and to increase the ability to provide high-quality optical systems.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global collimating lenses market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market
1.Report Summary
- Current Industry Analysis and Growth Potential Outlook
- Impact of COVID-19 on The Global Collimating Lenses Market
- Recovery Scenario of Global Collimating Lenses Market
1.1.Research Methods and Tools
1.2.Market Breakdown
1.2.1.By Segments
1.2.2.BY Region
2.Market Overview and Insights
2.1.Scope of the Report
2.2.Analyst Insight & Current Market Trends
2.2.1.Key Findings
2.2.2.Recommendations
2.2.3.Conclusion
3.Competitive Landscape
3.1.Avantes BV
3.1.1.Overview
3.1.2.Financial Analysis
3.1.3.SWOT Analysis
3.1.4.Recent Developments
3.2.INGENERIC GmbH
3.2.1.Overview
3.2.2.Financial Analysis
3.2.3.SWOT Analysis
3.2.4.Recent Developments
3.3.LightPath Technologies
3.3.1.Overview
3.3.2.Financial Analysis
3.3.3.SWOT Analysis
3.3.4.Recent Developments
3.4.Ocean Optics, Inc.
3.4.1.Overview
3.4.2.Financial Analysis
3.4.3.SWOT Analysis
3.4.4.Recent Developments
3.5.TRIOPTICS GmbH
3.5.1.Overview
3.5.2.Financial Analysis
3.5.3.SWOT Analysis
3.5.4.Recent Developments
3.6.Key Strategy Analysis
3.7.Impact of Covid-19 on Key Players
4.Market Segmentation
4.1.Global Collimating Lenses Market by Light Source
4.1.1.LED
4.1.2.Laser
4.1.3.Others (Xenon Lamp, Infrared Light, and RGB)
4.2.Global Collimating Lenses Market by Material
4.2.1.Plastic
4.2.2.Glass
4.2.3.Others (Silica and Crystal)
4.3.Global Collimating Lenses Market by Application
4.3.1.Automobile
4.3.2.Medical
4.3.3.LiDAR
4.3.4.Light and Display Measurement
4.3.5.Spectrometer
5.Regional Analysis
5.1.North America
5.1.1. The US
5.1.2.Canada
5.2.Europe
5.2.1.UK
5.2.2.Germany
5.2.3.Italy
5.2.4.Spain
5.2.5.France
5.2.6.Rest of Europe
5.3.Asia-Pacific
5.3.1.China
5.3.2.India
5.3.3.Japan
5.3.4.South Korea
5.3.5.Rest of Asia-Pacific
5.4.Rest of the World
6.Company Profiles
6.1.AMS Technologies AG
6.2Leister AG
6.3.Casix
6.4.Changchun Sunday Optics Co., Ltd.
6.5.Edmund Optics, Inc.
6.6.FISBA AG
6.7.HAMAMATSU Group
6.8.IPG Photonics Corp.
6.9.Optikos Corp.
6.10.Opto-Line International
6.11.Thorlabs
6.12.Ushio, Inc.
1.GLOBAL COLLIMATING LENSES MARKET RESEARCH AND ANALYSIS BY LIGHT SOURCE, 2021-2028 ($ MILLION)
2.GLOBAL LED COLLIMATING LENSES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
3.GLOBAL LASER COLLIMATING LENSES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
4.GLOBAL OTHER COLLIMATING LENSES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
5.GLOBAL COLLIMATING LENSES MARKET RESEARCH AND ANALYSIS BY MATERIAL, 2021-2028 ($ MILLION)
6.GLOBAL GLASS COLLIMATING LENSES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
7.GLOBAL PLASTIC COLLIMATING LENSES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
8.GLOBAL OTHER COLLIMATING LENSES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
9.GLOBAL COLLIMATING LENSES MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
10.GLOBAL AUTOMOBILE COLLIMATING LENSES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
11.GLOBAL MEDICAL COLLIMATING LENSES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
12.GLOBAL LIDAR COLLIMATING LENSES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
13.GLOBAL LIGHT AND DISPLAY MEASUREMENT COLLIMATING LENSES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
14.GLOBAL SPECTROMETER COLLIMATING LENSES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
15.GLOBAL COLLIMATING LENSES MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2021-2028 ($ MILLION)
16.NORTH AMERICAN COLLIMATING LENSES MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
17.NORTH AMERICAN COLLIMATING LENSES MARKET RESEARCH AND ANALYSIS BY LIGHT SORCE, 2021-2028 ($ MILLION)
18.NORTH AMERICAN COLLIMATING LENSES MARKET RESEARCH AND ANALYSIS BY MATERIAL, 2021-2028 ($ MILLION)
19.NORTH AMERICAN COLLIMATING LENSES MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
20.EUROPEAN COLLIMATING LENSES MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
21.EUROPEAN COLLIMATING LENSES MARKET RESEARCH AND ANALYSIS BY LIGHT SOURCE, 2021-2028 ($ MILLION)
22.EUROPEAN COLLIMATING LENSES MARKET RESEARCH AND ANALYSIS BY MATERIAL, 2021-2028 ($ MILLION)
23.EUROPEAN COLLIMATING LENSES MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
24.ASIA-PACIFIC COLLIMATING LENSES MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
25.ASIA-PACIFIC COLLIMATING LENSES MARKET RESEARCH AND ANALYSIS BY LIGHT SOURCE 2021-2028 ($ MILLION)
26.ASIA-PACIFIC COLLIMATING LENSES MARKET RESEARCH AND ANALYSIS BY MATERIAL, 2021-2028 ($ MILLION)
27.ASIA-PACIFIC COLLIMATING LENSES MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
28.REST OF THE WORLD COLLIMATING LENSES MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
29.REST OF THE WORLD COLLIMATING LENSES MARKET RESEARCH AND ANALYSIS BY LIGHT SOURCE, 2021-2028 ($ MILLION)
30.REST OF THE WORLD COLLIMATING LENSES MARKET RESEARCH AND ANALYSIS BY MATERIAL, 2021-2028 ($ MILLION)
31.REST OF THE WORLD COLLIMATING LENSES MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
1.IMPACT OF COVID-19 ON GLOBAL COLLIMATING LENSES MARKET, 2021-2028 ($ MILLION)
2.IMPACT OF COVID-19 ON GLOBAL COLLIMATING LENSES MARKET BY SEGMENT, 2021-2028 ($ MILLION)
3.RECOVERY OF GLOBAL COLLIMATING LENSES MARKET, 2021-2028 (%)
4.GLOBAL COLLIMATING LENSES MARKET SHARE BY LIGHT SOURCE, 2021 VS 2028 (%)
5.GLOBAL LED COLLIMATING LENSES MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
6.GLOBAL LASER COLLIMATING LENSES MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
7.GLOBAL OTHER COLLIMATING LENSES MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
8.GLOBAL COLLIMATING LENSES MARKET SHARE BY MATERIAL, 2021 VS 2028 (%)
9.GLOBAL PLASTIC COLLIMATING LENSES MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
10.GLOBAL GLASS COLLIMATING LENSES MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
11.GLOBAL COLLIMATING LENSES MARKET SHARE BY APPLICATION, 2021 VS 2028 (%)
12.GLOBAL AUTOMOBILE COLLIMATING LENSES MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
13.GLOBAL MEDICAL COLLIMATING LENSES MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
14.GLOBAL LIDAR COLLIMATING LENSES MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
15.GLOBAL LIGHT AND DISPLAY MEASUREMENT COLLIMATING LENSES MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
16.GLOBAL SPECTROMETER COLLIMATING LENSES MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
17.GLOBAL COLLIMATING LENSES MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
18.US COLLIMATING LENSES MARKET SIZE, 2021-2028 ($ MILLION)
19.CANADA COLLIMATING LENSES MARKET SIZE, 2021-2028 ($ MILLION)
20.UK COLLIMATING LENSES MARKET SIZE, 2021-2028 ($ MILLION)
21.FRANCE COLLIMATING LENSES MARKET SIZE, 2021-2028 ($ MILLION)
22.GERMANY COLLIMATING LENSES MARKET SIZE, 2021-2028 ($ MILLION)
23.ITALY COLLIMATING LENSES MARKET SIZE, 2021-2028 ($ MILLION)
24.SPAIN COLLIMATING LENSES MARKET SIZE, 2021-2028 ($ MILLION)
25.REST OF EUROPE COLLIMATING LENSES MARKET SIZE, 2021-2028 ($ MILLION)
26.INDIA COLLIMATING LENSES MARKET SIZE, 2021-2028 ($ MILLION)
27.CHINA COLLIMATING LENSES MARKET SIZE, 2021-2028 ($ MILLION)
28.JAPAN COLLIMATING LENSES MARKET SIZE, 2021-2028 ($ MILLION)
29.SOUTH KOREA COLLIMATING LENSES MARKET SIZE, 2021-2028 ($ MILLION)
30.REST OF ASIA-PACIFIC COLLIMATING LENSES MARKET SIZE, 2021-2028 ($ MILLION)
31.REST OF THE WORLD COLLIMATING LENSES MARKET SIZE, 2021-2028 ($ MILLION)
