Global Collimating Lens Market Size To Power Rapidly To Reach around USD 453.28 Million by end of 2032
According to the report published by Zion Market Research, global demand for the collimating lens market was valued at approximately USD 373.5 Million in 2023 and is expected to generate revenue of around USD 568 Million by the end of 2032, growing at a CAGR of around 4.89% between 2024 and 2032.
The market is boosted by rising requirements for high-end microscopy systems in different applications, and technological enhancements in microscopes are the major factors powering the development of the market. Increasing requirement for collimating lenses in different applications, and rising significance of such lenses are predicted to power substantial development opportunities to companies in the industry.
Hamamatsu Photonics K.K., LightPath Technologies, Inc., INGENERIC GmbH, Ocean Optics, Inc., Avantes BV, TRIOPTICS GmbH, IPG Photonics Corporation, Auer Lighting GmbH, Optoelectronics Co. Ltd., Optikos Corporation, AMS TECHNOLOGIES AG, Thorlabs, Inc. Broadcom Limited, Axetris AG, Casix, Inc., Bentham Instruments Limited, Fisba AG, Edmund Optics Inc., Opto-Line, Inc., and Ushio Inc., are some of the major players operating in the global market.
LED Light Source To Power The Global Collimating Lens Market In The Years To Come
Solid-state lighting devices/fixtures fitted with LEDs are the most resourceful source of high-quality white light. The employment of LEDs can result in 5 times less power consumption in comparison to that used by the collimating lens systems with the help of conventional fluorescent lamps. This powers the acceptance of LEDs in display and light measurement, automobile applications, and spectrometer.
Automobile End Use To Have The Biggest Share In The Years To Come Of The Collimating Lens Market
Automobile manufacturers strive constantly to make their goods unique by distinguishing their cars from those provided by their peers. Automobile makers are accepting enhanced lighting techs, such as laser and LED, for offering enhanced headlamp tech to distinguish their goods from other rivals, which assists boost the market. Therefore, the rising penetration of LEDs for automobiles offers growth avenues for the market.
Asia Pacific Collimating Lens Market Predicted To Develop At Max CAGR In The Years To Come
Asia Pacific is predicted to be the quickest-developing market for collimating lenses. In Asia Pacific, the automobile category has a primary role in the development of the market. Rising usage of LEDs in different vehicles, from mid-range to high-end, in turn, offers growth avenues for the global market. Therefore, Asian nations, specifically India and China, are predicted to provide significant development opportunities to the makers of collimating lenses.
Collimating Lens Market: Competitive Analysis
The global collimating lens market is dominated by players like:
- Ocean Optics
- LightPath Technologies
- TRIOPTICS
- INGENERIC
- Auer Lighting GmbH
- Avantes
- Optikos Corporation Corporation
- IPG Photonics
- Thorlabs Canada
- the Optoelectronics Company Ltd
The global collimating lens market is segmented as follows:
By Light Source:
- LED
- Laser
- Others (xenon lamp, Infrared light, and RGB)
By Material:
- Glass
- Plastic
- Others (Crystal and silica, among other)
By Wavelength:
- <1,000
- 1,000–1,500
- 1,500–2,000
- >2,000
By End Use:
- Automobile
- Medical
- LiDAR
- Light and Display Measurement
- Spectroscopy
- Interferometry
- Others (Environmental sensing, gas detection systems, communication, and agriculture measurement & monitoring system among others)
By Region
- North AmericaThe U.S.Canada
- EuropeFranceThe UKSpainGermanyItalyRest of Europe
- Asia PacificChinaJapanIndiaSouth KoreaSoutheast AsiaRest of Asia Pacific
- Latin AmericaBrazilMexicoRest of Latin America
- Middle East & AfricaGCCSouth AfricaRest of Middle East & Africa
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