The global collimating lenses market is expected to grow at a significant CAGR during the forecast period (2021-2027). Collimating lenses are optical lenses that convert divergent streams of radiation, such as light into parallel beams. Simply by selecting the suitable lens characteristics and focal distance, light can be collimated with high frequency. In most cases, a collimating lens system consists of a tube with one or more lenses. These lenses can be connected to any optical system through fibre or directly to the system for receiving or transmitting parallel beams of light.
Collimating lenses are mostly used for display measurements such as white point correction, flicker, response time gamma, and colour analysis, among other things. The optics are built in such a way that the measuring spot’s alignment may be improved, resulting in solid measurement results and great repeatability. This supports the creation and manufacture of high-quality screens. These lenses are also needed for light measurement, especially when monitoring diffuse surfaces of light sources such as OLED panels. Several advantages of collimation of light, such as adjusting the rectangular field for illumination, resulting in a wide range of applications in various industrial segments, as well as the advantages of using aspheric lenses over traditional spherical lenses in optics systems, are driving the growth of the global collimating lens market. on the other hand, the high production cost of aspheric lenses, is projected to limit market growth.
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The key companies operating in the industry are highly inclined towards the adoption of different growth strategies such as partnerships and collaborations, mergers and acquisitions, geographical expansion, and new product launches, to remain competitive in the marketplace. For instance, INGENERIC introduced the C-SMDB collimation module for single-mode diode bars in January 2018. As a result, the brightness of the laser has improved, and new sectors of use for laser producers have opened up. As the new arrays are made using a precision glass moulding method, they have a high degree of collimation.
Market Coverage
- The market number available for – 2020-2027
- Base year- 2020
- Forecast period- 2021-2027
Segment Covered-
- By Light Source
- By Material
- By Application
Regions covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
Competitive Landscape: IPG Photonics Corp., INGENERIC GmbH, and LightPath Technologies Inc., among others.
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Global Collimating Lenses Market Report by Segment
By Light Source
- LED
- Laser
- Others (Xenon Lamp, Infrared Light, and RGB)
By Material
- Glass
- Plastic
- Other Materials (Silica & Crystal)
By End-Use
- Automobile
- Medical
- LiDAR
- Light and Display Measurement
- Spectrometer
Global Collimating Lenses Market Report by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East & Africa
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