Global Collimating Lens Market is valued at approximately USD 271.6 million in 2022 and is anticipated to grow with a healthy growth rate of more than 5.8% over the forecast period 2023-2030. Collimating lenses, characterized by their curved optical design, serve the primary purpose of directing light rays into the spectrometer unit with a parallel alignment. These lenses offer the user control over various aspects such as field of view, spatial resolution, illumination, and projection angles. The use of collimating lenses provides several benefits compared to other types of lenses, particularly in the development of optical systems for diverse applications. The Collimating Lens market is expanding because of factors such as the Surge in demand for medical laser systems and increasing demand for Optoelectronic Devices. Moreover, increasing demand for optoelectronic devices, such as laser diodes, LEDs, and fiber optic communications, contributes to the need for collimating lenses. These lenses play a vital role in achieving precise beam control and efficient light coupling in various applications within the optoelectronics industry. Its importance has progressively increased during the forecast year of 2023-2030.
According to Statista in 2021, the global market for medical laser systems was valued at approximately USD 2.95 billion. It is projected that the market is anticipated to reach up to USD 5.8 billion by 2026. The growing acceptance of automation is generated fresh investment prospects for companies offering collimating lenses for industrial automation applications. Anti-reflective coatings technology is anticipated to lead to the production of exceptionally efficient and long-lasting collimating lenses. According to Statista, the Optoelectronics market is projected to reach up to USD 51.99 billion in 2023. In addition, growing demand for collimating lenses and increasing adoption of automation would create lucrative growth opportunities. However, the high cost of collimating lenses and limited availability of raw materials stifles market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Collimating Lens Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific is dominating the market during the forecast period owing to the, increasing consumer demand for electronic products and the easy accessibility of affordable raw materials for electronic manufacturers.. Asia Pacific is the fastest growing region during the forecast period, owing to factors such as, rising demand for LED lighting systems. These lighting systems find extensive use in industrial settings, including streetlights, parking garages, outdoor area and modular lighting.
Major market player included in this report are:
- Lightpath Technologies, Inc.
- Avantes BV
- Auer Lighting GmbH
- The Optoelectronics co. Ltd.
- Thorlabs, Inc.
- Axetris AG
- Focuslight Technologies Inc.
- Edmund Optics Inc.
- Quarton Inc,
- IPG Photonics Corporation
Recent Developments in the Market:
- In June 2022, Ocean Insights expanded its Rochester, by doubling its engineering, manufacturing, and support space. The company aimed to develop a spectrum system for various industries, including consumer electronics, at the newly added site. The expansion was expected to increase the company's manufacturing capacity and leverage the new 13,528-square-foot facility to enhance its portfolio of photonics products and application expertise.
- In May 2022, Focuslight Technologies Inc. introduced the Focuslight Blue Meniscus SAC, a novel Slow Axis Collimator (SAC) with an effective focal length (EFL) of 9.7 mm. This SAC utilizes a concave-convex, cylindrical lens design specifically engineered for the purpose of collimating the slow axis of laser diodes.
Global Collimating Lens Market Report Scope:
- Historical Data: 2020 - 2021
- Base Year for Estimatio: 2022
- Forecast period: 2023-2030
- Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered: Light Source, Material, Wavelength, End-User, Region
- Regional Scope: North America; Europe; Asia Pacific; Latin America; Middle East & Africa
- Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Light Source:
- LED
- Laser
- Xenon Lamp
- Infrared Light
- RGB
By Material:
- Molded Glass
- Molded Plastic
- Others
By Wavelength:
- Less Than-1000 Nm
- 1001-1500 Nm
- 1501-2000 Nm
- 2001Nm & Above
By End-User:
- Automobile
- Medical
- Lidar
- Light and Display Measurement
- Spectroscopy
- Interferometry
- Others
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Latin America
- Brazil
- Mexico
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Million )
- 1.2.1. Collimating Lens Market, by Region, 2020-2030 (USD Million )
- 1.2.2. Collimating Lens Market, by Light Source , 2020-2030 (USD Million )
- 1.2.3. Collimating Lens Market, by Material , 2020-2030 (USD Million )
- 1.2.4. Collimating Lens Market, by Wavelength , 2020-2030 (USD Million )
- 1.2.5. Collimating Lens Market, by End-User , 2020-2030 (USD Million )
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Collimating Lens Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Industry Evolution
- 2.2.2. Scope of the Study
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Collimating Lens Market Dynamics
- 3.1. Collimating Lens Market Impact Analysis (2020-2030)
- 3.1.1. Market Drivers
- 3.1.1.1. Surge in demand for medical laser systems
- 3.1.1.2. Increasing demand for Optoelectronic Devices.
- 3.1.2. Market Challenges
- 3.1.2.1. High cost of collimating lenses
- 3.1.2.2. Limited availability of raw materials
- 3.1.3. Market Opportunities
- 3.1.3.1. Growing demand for collimating lenses
- 3.1.3.2. Increasing adoption of automation
Chapter 4. Global Collimating Lens Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Porter's 5 Force Impact Analysis
- 4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
- 4.4. Top investment opportunity
- 4.5. Top winning strategies
- 4.6. COVID-19 Impact Analysis
- 4.7. Disruptive Trends
- 4.8. Industry Expert Perspective
- 4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Collimating Lens Market, by Light Source
- 5.1. Market Snapshot
- 5.2. Global Collimating Lens Market by Light Source , Performance - Potential Analysis
- 5.3. Global Collimating Lens Market Estimates & Forecasts by Light Source 2020-2030 (USD Million )
- 5.4. Collimating Lens Market, Sub Segment Analysis
- 5.4.1. LED
- 5.4.2. Laser
- 5.4.3. Xenon Lamp
- 5.4.4. Infrared Light
- 5.4.5. RGB
Chapter 6. Global Collimating Lens Market, by Material
- 6.1. Market Snapshot
- 6.2. Global Collimating Lens Market by Material , Performance - Potential Analysis
- 6.3. Global Collimating Lens Market Estimates & Forecasts by Material 2020-2030 (USD Million )
- 6.4. Collimating Lens Market, Sub Segment Analysis
- 6.4.1. Molded Glass
- 6.4.2. Molded Plastic
- 6.4.3. Others
Chapter 7. Global Collimating Lens Market, by Wavelength
- 7.1. Market Snapshot
- 7.2. Global Collimating Lens Market by Wavelength , Performance - Potential Analysis
- 7.3. Global Collimating Lens Market Estimates & Forecasts by Wavelength 2020-2030 (USD Million )
- 7.4. Collimating Lens Market, Sub Segment Analysis
- 7.4.1. Less Than-1000 Nm
- 7.4.2. 1001-1500 Nm
- 7.4.3. 1501-2000 Nm
- 7.4.4. 2001Nm & Above
Chapter 8. Global Collimating Lens Market, by End-User
- 8.1. Market Snapshot
- 8.2. Global Collimating Lens Market by End-User , Performance - Potential Analysis
- 8.3. Global Collimating Lens Market Estimates & Forecasts by End-User 2020-2030 (USD Million )
- 8.4. Collimating Lens Market, Sub Segment Analysis
- 8.4.1. Automobile
- 8.4.2. Medical
- 8.4.3. Lidar
- 8.4.4. Light and Display Measurement
- 8.4.5. Spectroscopy
- 8.4.6. Interferometry
- 8.4.7. Others
Chapter 9. Global Collimating Lens Market, Regional Analysis
- 9.1. Top Leading Countries
- 9.2. Top Emerging Countries
- 9.3. Collimating Lens Market, Regional Market Snapshot
- 9.4. North America Collimating Lens Market
- 9.4.1. U.S. Collimating Lens Market
- 9.4.1.1. Light Source breakdown estimates & forecasts, 2020-2030
- 9.4.1.2. Material breakdown estimates & forecasts, 2020-2030
- 9.4.1.3. Wavelength breakdown estimates & forecasts, 2020-2030
- 9.4.1.4. End-User breakdown estimates & forecasts, 2020-2030
- 9.4.2. Canada Collimating Lens Market
- 9.5. Europe Collimating Lens Market Snapshot
- 9.5.1. U.K. Collimating Lens Market
- 9.5.2. Germany Collimating Lens Market
- 9.5.3. France Collimating Lens Market
- 9.5.4. Spain Collimating Lens Market
- 9.5.5. Italy Collimating Lens Market
- 9.5.6. Rest of Europe Collimating Lens Market
- 9.6. Asia-Pacific Collimating Lens Market Snapshot
- 9.6.1. China Collimating Lens Market
- 9.6.2. India Collimating Lens Market
- 9.6.3. Japan Collimating Lens Market
- 9.6.4. Australia Collimating Lens Market
- 9.6.5. South Korea Collimating Lens Market
- 9.6.6. Rest of Asia Pacific Collimating Lens Market
- 9.7. Latin America Collimating Lens Market Snapshot
- 9.7.1. Brazil Collimating Lens Market
- 9.7.2. Mexico Collimating Lens Market
- 9.8. Middle East & Africa Collimating Lens Market
- 9.8.1. Saudi Arabia Collimating Lens Market
- 9.8.2. South Africa Collimating Lens Market
- 9.8.3. Rest of Middle East & Africa Collimating Lens Market
Chapter 10. Competitive Intelligence
- 10.1. Key Company SWOT Analysis
- 10.1.1. Company 1
- 10.1.2. Company 2
- 10.1.3. Company 3
- 10.2. Top Market Strategies
- 10.3. Company Profiles
- 10.3.1. Lightpath Technologies, Inc.
- 10.3.1.1. Key Information
- 10.3.1.2. Overview
- 10.3.1.3. Financial (Subject to Data Availability)
- 10.3.1.4. Product Summary
- 10.3.1.5. Recent Developments
- 10.3.2. Avantes BV
- 10.3.3. Auer Lighting GmbH
- 10.3.4. The Optoelectronics co. Ltd.
- 10.3.5. Thorlabs, Inc.
- 10.3.6. Axetris AG
- 10.3.7. Focuslight Technologies Inc.
- 10.3.8. Edmund Optics Inc.
- 10.3.9. Quarton Inc,
- 10.3.10. IPG Photonics Corporation
Chapter 11. Research Process
- 11.1. Research Process
- 11.1.1. Data Mining
- 11.1.2. Analysis
- 11.1.3. Market Estimation
- 11.1.4. Validation
- 11.1.5. Publishing
- 11.2. Research Attributes
- 11.3. Research Assumption