Global Collimating Lens Market By Light Source (LED, Laser, Other), Material (Glass, Plastic), Wavelength (<1000 nm, 1000–1500 nm, 1500–2000 nm, >2000 nm), End- User (Spectroscopy, Medical, Lidar, Automobile, Light and Display Measurement, Interferometry, Others), Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa) – Industry Trends and Forecast to 2026
Market Analysis: Global Collimating Lens Market
Global collimating lens market is set to witness a substantial CAGR of 7.14% in the forecast period of 2019- 2026. The report contains data of the base year 2018 and historic year 2017. Rising demand for collimating lenses in different application and growing importance of fibre optics collimating lenses are the factor for the market growth.
Market Definition: Global Collimating Lens Market
Collimating lens are those lenses which are used for the creating parallel rays of light. These lenses enable users to monitor their setup's field of view, collection quality, and spatial resolution, and customize lighting and sampling angles. They are usually made of material such as glass and plastics. These lenses are usually attached to the spectrometers or light meters so they can make sure that the light entering the instrument is parallel and provide accurate reading.
- Increasing application of collimating lens will accelerate the market growth
- Rising usage of aspheric lenses over traditional spherical lenses in optics systems will also contribute as a factor for the market growth
- Increasing usage of lenses in production of automobiles will also enhance the market growth
- Rising popularity of LED headlamps acts as market driver
- High manufacturing cost will hamper the market growth
- Less disposable income is also expected to restrain the market growth
Segmentation: Global Collimating Lens Market
By Light Source
- <1000 nm
- 1000–1500 nm
- 1500–2000 nm
- >2000 nm
By End- User
- Light and Display Measurement
- North America
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- South America
- Rest of South America
- Middle East and Africa
- Saudi Arabia
- South Africa
- Rest of Middle East and Africa
Key Developments in the Market:
- No development found
Global collimating lens market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of collimating lens market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Major Market Competitors/Players
Few of the major competitors currently working in the global collimating lens market are LightPath Technologies Inc; Ocean Optics, Inc.; Ingeneric GmbH; Trioptics GmbH; Avantes BV; Auer Lighting GmbH; IPG Photonics Corporation; Optikos Corporation; Thorlabs, Inc.; Changchun Sunday Optoelectronics Co.,Ltd.; AMS Technologies AG; Axetris AG.; Broadcom; Bentham; CASIX; Edmund Optics; Fisba AG; Hamamatsu Photonics K.K.; OPTO-LINE, Inc.; Ushio America, Inc.; among others.
Research Methodology: Global Collimating Lens Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Key Insights in the report:
- Complete and distinct analysis of the market drivers and restraints
- Key market players involved in this industry
- Detailed analysis of the market segmentation
- Competitive analysis of the key players involved