Collimating Lens Market Size To Expand at a Notable CAGR Of 6.9% During 2018 - 2023 :

Pune, India, January 16, 2019/MRFR Press Release/— Market Research Future published a half-cooked research report on global collimating lens market research report— forecast till 2023.

Market Highlights

Globally, the collimating lens market is expected to have significant growth over the forecast period. The increasing need for advanced optical technologies that ensure energy-efficiency, better light quality, and durability acts as the major driving factor for the growth of collimating lens market globally. Among the diverse application areas of collimating lenses, automotive lighting is expected to be the largest contributor in the collimating lens market. Many automobile manufacturers are increasingly adopting LED headlamps with collimating lenses to improve the usability and design of the vehicle headlamps.

In this study, the collimating lens market is segmented based on light source, material, wavelength, application area, and region/country. By light source, the market is segmented into LED, Laser, and others. By material, the market is segmented into glass, plastic, and other materials. By wavelength, the market is segmented into <1000 nm, 1000-1500 nm, 1500-2000 nm, and >2000 nm. By application area, the market is segmented into spectroscopy, lidar, medical, automobile, interferometry, light and display measurement, and others. Finally, the regions covered in this study are North America- US, Canada, and Mexico; Europe- Germany, France, the UK, and the rest of Europe; Asia-Pacific- China, India, Japan, and the rest of Asia-Pacific; and the rest of the world, which includes Middle East and Africa and Latin America.

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Key Players:

The prominent players in collimating lens market are Ocean Optics, Inc. (US), Trioptics GmbH (Germany), Auer Lighting GmbH (Germany), LightPath Technologies, Inc. (US), IPG Photonics Corporation (US), Avantes BV (The Netherlands), Ingeneric GmbH (Germany), Thorlabs, Inc. (US), Optikos Corporation (US), and The Optoelectronics Co. Ltd. (UK).

Regional Analysis

The global market for global collimating lens is estimated to grow at a significant rate during the forecast period from 2018 to 2023. The geographical analysis of the market is studied for North America, Europe, Asia-Pacific, and the rest of the world.

North America is presumed to have largest contribution in the collimating lens market. The region is considered as most advanced region in terms of development and adoption of innovative technologies in the field of optics. The region has a huge potential for revenue generation in the collimating lens market, particularly from automotive industry verticals. Asia-Pacific is anticipated to be the fastest growing region in the collimating lens market over the forecast period. The growing automotive industry in this region has surged the growth of collimating lens in the regional market. Increasing adoption of collimating lenses in LED headlamps of vehicles boosts growth of the market in this region.