Collimating Lens Market Research Report – Forecast till 2027

Collimating Lens Market Research Report, By Light Source (LED, Laser), Material (Glass, Plastic), Wavelength (<1000 nm, 1000-1500 nm, 1500-2000 nm, >2000 nm), Application Area (Spectroscopy, Lidar, Medical, Automotive) — Forecast till 2027

ID: MRFR/SEM/5831-HCR | February 2021 | Region: Global | 100 pages

Collimating Lens Market Synopsis


Collimating Lens Market is expected to grow from USD 266.0 million in 2018 to USD 371.9 million by 2023, at a CAGR of 6.9% during the forecast period, 2018–2013.Collimating lenses are curved lenses that make light parallel when they enter into the spectrometer structure. This helps users in controlling view of the field, spatial resolution, illumination, and projection angles. The use of aspheric lenses over spherical lenses have helped in improving accuracy and usability of the collimating lenses, which has further fuelled growth of the market in the recent years.


Collimating lens has a broad range of application areas in the industry verticals of automotive, aerospace, government, industrial instrumentation, firefighting, medical instrumentation, biotechnology, air and water quality analysis, military, and many more. Automotive industry is 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. The market for LED headlamps is growing in all type of vehicles, from high-end to mid-range. Less energy costs, better light quality, and durability are the main factors driving wide adoption of collimating lens in the automotive as well as other application areas.


Collimating Lens Market


Collimating Lens Market


Source: MRFR Analysis


Segmentation.


The collimating lens Market is segmented into 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.


By region, the market is segmented into North America, Europe, Asia-Pacific, and rest of the world.


Regional Analysis


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


North America is expected to dominate the collimating lens market during the forecast period. North America 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. US is expected to be the dominating country in the collimating lens market in North America region during the forecast period.


Asia-Pacific is expected to grow at the fastest rate during 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. China, Japan, and India have been the leading countries in the APAC region in terms of market share and this trend is expected to continue in the upcoming years.


Competitive Analysis


In the collimating lens market, the leading vendors have adopted various organica and inorganic growth strategies, such as new product launches/product enhanements, partnerships, acquisitions, and business expansion to increase their global presence and acquire new customers. In the upcoming years, the competition among the major vendors is expected to intensify with the launch of many innovative products in the market..


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).


Intended Audience



  • Collimating Lens Manufacturers

  • Automobile Manufacturers

  • End user industries

  • Resellers and Distributors

  • Research and Development Institutes

  • Standard Making Bodies and Associations

  • Original Equipment Manufacturers/Original Device Manufacturers



Report Scope:
Report Attribute/Metric Details
  Market Size   USD 371.9 Million
  CAGR   6.9%
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Light Source, Material, Wavelength, Application Area
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   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)
  Key Market Opportunities   Many automobile manufacturers are increasingly adopting LED headlamps with collimating lenses to improve the usability and design of the vehicle headlamps.
  Key Market Drivers

  • The increasing need for advanced optical technologies that ensure energy-efficiency.
  • Better light quality


  • Frequently Asked Questions (FAQ) :


    Collimating lens are used in industries like military, industrial instrumentation, government, medical instrumentation, firefighting, automotive, air and water quality analysis, biotechnology, aerospace, and many more.

    LED, laser and others are the segments, as per the light source.

    Lidar, spectroscopy, automobile, medical, light and display measurement, and interferometry, are the application areas considered in the report.

    North America holds the most potential of achieving the top spot in the market.

    India, Japan and China are the leading countries in Asia Pacific.