According to the report published by Zion Market Research, global demand for collimating lens market was valued at approximately USD 305.47 Million in 2019, and is expected to generate revenue of around USD 453.28 Million by end of 2026, growing at a CAGR of around 5.8% between 2020 and 2026. The market is boosted by rising requirement for high-end microscopy systems in different applications, and technological enhancements in microscopes are the major factors powering the development of the market. Increasing requirement for collimating lenses in different applications, and rising significance of such lenses are predicted to power substantial development opportunities to companies in the industry.
Hamamatsu Photonics K.K., LightPath Technologies, Inc., INGENERIC GmbH, Ocean Optics, Inc., Avantes BV, TRIOPTICS GmbH, IPG Photonics Corporation, Auer Lighting GmbH, Optoelectronics Co. Ltd., Optikos Corporation, AMS TECHNOLOGIES AG, Thorlabs, Inc. Broadcom Limited, Axetris AG, Casix, Inc., Bentham Instruments Limited, Fisba AG, Edmund Optics Inc., Opto-Line, Inc., and Ushio Inc., are some of the major players operating in the global market.
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LED Light Source To Power The Global Collimating Lens Market In The Years To Come
Solid-state lighting devices/fixtures fitted with LEDs are the most resourceful source of high-quality white light. The employment of LEDs can result in 5 times less power consumption in comparison to that used by the collimating lens systems with the help of conventional fluorescent lamps. This powers the acceptance of LEDs in display and light measurement, automobile applications, and spectrometer.
Automobile End Use To Have The Biggest Share In The Years To Come Of The Collimating Lens Market
Automobile manufacturers strive constantly to make their goods unique by distinguishing their cars from those provided by their peers. Automobile makers are accepting enhanced lighting techs, such as laser and LED, for offering enhanced headlamp tech to distinguish their goods from other rivals, which assists boost the market. Therefore, rising penetration of LEDs for automobile offers growth avenues for market.
Asia Pacific Collimating Lens Market Predicted To Develop At Max CAGR In The Years To Come
Asia Pacific is predicted to be the quickest-developing market for collimating lenses. In Asia Pacific, the automobile category is having a primary role in the development of the market. Rising usage of LEDs in different vehicles, from mid-range to high-end, in turn, offers growth avenues for the global market. Therefore, Asian nations, specifically India and China, are predicted to provide significant development opportunities to the makers of collimating lenses.
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The global collimating lens market is segmented as follows:
By Light Source:
- Others (xenon lamp, Infrared light, and RGB)
- Others (Crystal and silica, among other)
By End Use:
- Light and Display Measurement
- Others (Environmental sensing, gas detection systems, communication, and agriculture measurement & monitoring system among others)
- North America
- The U.S.
- The UK
- Rest of Europe
- Asia Pacific
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa
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