Collimating Lens Market Share

Global Collimating Lens Market Overview

Collimating Lens Market Size was valued at USD 286.8 million in 2023. The Collimating Lens market industry is projected to grow from USD 303.4 million in 2024 to USD 475.2 million by 2032, exhibiting a compound annual growth rate (CAGR) of 5.77% during the forecast period (2024 - 2032). The primary drivers propelling the growth of the collimating lens market are advantages of aspheric lenses over conventional spherical lenses in optical systems and advantages of collimating lens in numerous applications are driving the growth of the market.

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Covid-19 Analysis

The impact of COVID-19 on daily life caused significant changes in people's priorities, groups' policies, and governments' operations. These discoveries fueled technological advancement and innovation. Consumer electronics, healthcare, IT & ITES, automotive, telecommunication, and government require collimating lenses as part of their hardware infrastructure. The Electronic Components Business Association says that the introduction of COVID-19 has delayed product launches, interrupted supply chains, and harmed other industry operations. Due to the reduced product demand by lockdown procedures and limited manufacturing resources, several producers have temporarily ceased operations. R&D for industrial processes could suffer as a result. However, businesses have decided to divert their unused manufacturing resources to R&D, given that the majority of production and sales operations were momentarily halted.

Collimating Lens Market Trends

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  Increasing Adoption Of Optics Systems

  
  

Curved optical lenses are called collimating lenses to make the light beams that enter the spectrometer setup parallel. Using these lenses, users can modify lighting and collecting angles for sampling, as well as the setup's range of vision, collection efficiency, and spatial resolution. Examples of collimating lenses used to ensure that the light entering an instrument is parallel and covers the necessary measuring area include spectrometers, colorimeters, and light meters. The optical systems employ the lenses. The need for fibre components, particularly fibre collimating lenses, is anticipated to increase due to the booming investment in fibre optics. For instance, in the next five years, North American internet providers plan to invest more than USD 60 billion in fibre-to-the-home (FTTH) projects. Compared to other lens types, collimating lenses have a lot of benefits, particularly when expanding optic systems. As a result, industries are using collimation lenses more frequently. Collimating lenses are a crucial component of many systems for various applications, including spectrometers, beam-expander systems, display measuring systems, fibre couplers, laser illumination systems, sensor testing systems, etc. Collimating lenses can collimate light beams with high accuracy and high resolution. Using collimating lenses, users can control the field of view, spatial resolution, and effectiveness of their equipment or setups.

Collimating Lens Market Segment Insights

Collimating Lens Light Source Insights

The Collimating Lens market segmentation, based on light source, includes LED, laser, xenon lamp, infrared light, RGB. Laser was the fastest growing segment with market share of 49.19% in 2022. One of the essential components of laser equipment, such as laser welding machines, laser marking machines, laser cutting machines, laser engraving machines, etc., is a laser collimating lens. The laser collimating lens comes from an energy fiber, while the collimating lens is for point light sources. Placing the light, a point light source with a divergence angle, at the fiber collimating lens' focal point causes the light released from the focusing lens' focal point to transform into parallel light after passing through the collimating lens. Many optical measurement systems use laser collimating lenses to collimate the optical channel, turning a divergent optical path into a parallel one.

FIGURE 1: COLLIMATING LENS MARKET BY LIGHT SOURCE, 2022 VS 2032 (USD Million)

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Collimating Lens Material Insights

According to material, the segment is divided into molded glass, molded plastic, others. The molded glass segment led the overall market in the Collimating Lens industry in 2022, and it is expected to continue to lead during the forecast period with share of 53.96%. One of the most crucial methods for creating optical glass lenses is precision glass molding technology. The great fidelity and reproducibility of optical performance can, however, nevertheless be attained even when the lenses meet the criteria for geometric evaluations. The performance of optical lenses is significantly impacted by surface error form faults transferred from the mold surface using a complex assembly of components with various spatial frequencies. An optical model is constructed to examine the effects of form defects with different frequencies on the lens's optical performance. It has been established that the mid-spatial frequency mistake causes the most severe encircling circle phenomena.

FIGURE 2: COLLIMATING LENS MARKET BY MATERIAL, 2022 VS 2032 (USD Million)

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Collimating Lens Wavelength Insights

The Collimating Lens market research segmentation, by wavelength, the market is segmented into Less Than-1000 Nm, 1001-1500 Nm, 1501-2000 Nm, 2001Nm.The Less Than-1000 Nm market held a major share  of 47.2% of the market in 2022. They are used in laser cleaning, laser cutting, laser welding, vision scanning, 3d dynamic scanning & printing and many more. The surfaces of this wavelength lenses are lens easy to clean.

FIGURE 3: COLLIMATING LENS MARKET BY WAVELENGHT, 2022 VS 2032 (USD Million)

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Collimating Lens End User Insights

Based on End User, the Collimating Lens Market has been segmented into automobile, medical, lidar, light and display measurement, spectroscopy, interferometry, others. Light and display measurement segments dominate the market. A collimating lens for an LED light source is frequently used in lighting engineering. Both geometrical optics and non-imaging optics are used to calculate lens surfaces. This design's advancement is independent of software optimization or difficult iteration processes. Any form of the light source, not just Lambertian, can be used with this technique. On point sources, the theoretical model is built.

FIGURE 4: COLLIMATING LENS MARKET BY END USER, 2022 VS 2032 (USD Million)

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Collimating Lens Regional Insights

By Region, the study segments the market into North America, Europe, Asia-Pacific, Middle East & Africa, and South America., Asia-Pacific accounted for the largest share of revenue in 2022 with share of 39%. The growing demand for consumer electronics products and the readily available, reasonably priced raw materials for electronic producers are crucial for the market's expansion. Due to several market participants, significant expenditures in cutting-edge lighting solutions, and possible government initiatives to adopt light-emitting diodes, Taiwan, Japan, Singapore, and India are also the major contributors to the regional market growth of collimating lenses.

It is expected that the North America region will exhibit the fastest CAGR during the forecast period. The factor driving the growth in the region is rising demand for LED lighting systems in several industrial applications. LED lighting systems are used in many industrial applications such as streetlights, parking garage lighting, walkway, and another outdoor area lighting, refrigerated case lighting, modular lighting, and task lighting.

Further, the countries considered in the scope of the Collimating Lens market are the US, Canada, Mexico, UK, Germany, France, Italy, Spain, Switzerland, Austria, Belgium, Denmark, Finland, Greece, Hungary, Italy, Luxembourg, Netherlands, Norway, Poland, Portugal, Slovakia, Sweden, Romania, Ireland, China, Japan, Singapore, Malaysia, Indonesia, Philippines, South Korea, Hong Kong, Macau, Singapore, Brunei, India, Australia & New Zealand, South Africa, Egypt, Nigeria, Saudi Arabia, Qatar, United Arab Emirates, Bahrain, Kuwait, and Oman, Brazil, Argentina, Chile, and others.

FIGURE 5: COLLIMATING LENS MARKET BY REGION, 2022 VS 2032 (USD Million)

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Collimating Lens Key Market Players & Competitive Insights

Major market players are spending a lot of money on R&D to increase their product lines, which will help the Collimating Lens market grow even more. Market participants are also taking a range of strategic initiatives to grow their worldwide footprint, including new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations. Competitors in the Collimating Lens industry must offer cost-effective items to expand and survive in an increasingly competitive and rising market environment.

Key Companies in the Collimating Lens market include

• Lightpath Technologies


• Ocean Insight, INGENRIC


• Trioptics GmbH


• Avantes BV


• Auer Lighting GmbH


• Optikos


• IPG Photonics Corporation


• The Optoelectronics company


• Thorlabs, Inc.


• AMS Technology AG


• Axetris AG


• Bentham


• Focuslight Technologies Inc.


• Edmund Optics Inc.


• Quarton Inc, among others

Collimating Lens Industry Developments

October 2022 Auer Lighting GmbH received certification from IATF 16949 technical specifications to develop a quality management system issued by the international automotive Task Force.

June 2022 Ocean Insights expanded its Rochester, N.Y facility. The company is doubling its engineering, production, and support facility. The new facility will focus on developing a spectral system for industries, including consumer electronics. The new 13,528-square-foot facility will expand the company's production capabilities and strengthen its photonics product and application expertise portfolio.

May 2022 Focuslight Technologies Inc. unveiled the Focuslight Blue Meniscus SAC. This new Slow Axis Collimator (SAC) features an effective focal length (EFL) of 9.7 mm. It has a concave-convex, a cylindrical lens design for collimating the slow axis of laser diodes.

Intended Audience

• Semi-Conductor Industry


• Healthcare Industry


• Technology Investors


• Regulatory Industries


• Government Bodies


• Defense industry


• Gaming Industry

Collimating Lens Market Segmentation

Collimating Lens Light Source Outlook

• LED


• Laser


• Xenon Lamp


• Infrared Light


• RGB

Collimating Lens Material Source Outlook

• Molded Glass


• Molded Plastic


• Others

Collimating Lens Wavelength Outlook

• Less Than-1000 Nm


• 1001-1500 Nm


• 1501-2000 Nm


• 2001Nm And Above

Collimating Lens End User Outlook

• Automobile


• Medical


• Lidar


• Light And Display Measurement


• Spectroscopy


• Interferometry


• Others

Collimating Lens Regional Outlook

• North America
  
  
  
  • US
  
  
  • Canada
  
  
  • Mexico
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Middle East & Africa


• South America