Press Resease

Collimating Lens Market - by Crop Material (Plastic, Glass, and Others), Light Source (Laser and LED), Application (Medical, Automobile, Light and Display Measurement, LiDAR, Spectrometer, and Others): Global Industry Perspective, Comprehensive Analysis and Forecast 2020 – 2026

Published Date: 22-Sep-2020 Category: Medical Device Report Format : PDF Pages: 110 Report Code: ZMR-3722 Status : Published

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.

Description

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.

Global Collimating Lens Market: Overview

Collimating lenses are optical lenses that assist in making the light parallel that enters a spectrometer unit. These lenses usually support in controlling the field of view, collection competence, and spatial resolution of their units along with arranging illumination and collection angles for sampling. The global collimating lens market is highly competitive and fragmented, owing to the existence of numerous companies. Several players are vying to surpass their rivals by setting up enhanced technological up gradation to their associated equipment and collimating lens on a regular basis. With several players entering the collimating lens market, the number is rising on a daily basis. This increased competition is expected to forcing the key market players to implement new market strategies and launch innovative products. Several companies are targeting the development of specific regional market to increase their revenue in the global market in the years to come.

Global Collimating Lens Market: Growth Factors

Collimating lenses offer several benefits as compared to other various lens types in various applications, primarily in the expansion of optic systems. This is the primary growth factor that is likely to drive the collimating lens market in the future. Furthermore, the advantages of utilizing aspheric lenses that usually fall under the umbrella of collimating, instead of conventional spherical lenses, are another factor likely to fuel the expansion of the collimating lens market in the upcoming years. On the other hand, rapid developments in the manufacturing of LED lamps are anticipated to propel the development of the collimating lens market over the forecast timeframe. In addition, the growing demand and popularity for a wide variety of optical devices, such as microscopes, spectrometer, and measurement displays, is likely to further fuel this market across the globe.

Global Collimating Lens Market: Segmentation  

The global collimating lens market is categorized into the application, light source, and material. By application, the collimating lens market is categorized into medical, automobile, light and display measurement, LiDAR, spectrometer, and others. On the basis of light source, this global market is bifurcated into laser and LED. By material, the collimating lens market includes plastic, glass, and others (silica and crystal).

Based on application segment, automobile held as a largest segment of the market in 2019. It accounted for more than 30% share of the total market in 2019 and furthermore, is likely to witness lucrative growth in the near future. By differentiating their automobiles from those sold by their rivals, car manufacturers continuously aim to make their products exclusive. Advanced lighting technologies, such as LED and laser, are embraced by car manufacturers to include integrated headlamp innovation to distinguish their product from other rivals, which helps drive the market. Therefore, the growing penetration of automotive LED headlamps offers business opportunities.

Global Collimating Lens Market: Regional Analysis

By region, this global market is primarily divided into Asia Pacific, North America, the Middle East and Africa, Europe, and Latin America. The Asia Pacific region is likely to dominate in the forecast timeline, owing to the rapidly developing automobile sector of the region, in which optical systems are required. Furthermore, increasing inclinations for automobiles that are generally equipped with LED headlamps are expected to propel the collimating lens market in the Asia Pacific region. The North American and European markets for collimating lens are anticipated to show good growth in the years ahead. This can be primarily attributed to the increasing demand and popularity of LED lighting systems and optical measurement systems, which are utilized for various applications. The collimating lens market in the Middle East and Africa and Latin America are projected to register a sluggish rate of growth in the future.

Global Collimating Lens Market: Competitive Players

Some most important market players of the global collimating lens market are Ocean Optics, LightPath Technologies, TRIOPTICS, INGENERIC, Auer Lighting, Avantes, Optikos Corporation, IPG Photonics, Thorlabs, and The Optoelectronics, among others.

Collimating Lens Market: Regional Segment Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • Chapter 1
  • Preface
  • 1.1
  • Report Description
  • 1.1
  • Report Scope
  • Chapter 2
  • Research Methodology
  • 2.1
  • Research Methodology
  • 2.2
  • Secondary Research
  • 2.3
  • Primary Research
  • 2.4
  • Models
  • 2.4.1
  • Company Share Analysis Model
  • 2.4.2
  • Revenue Based Modeling
  • 2.5
  • Research Limitations
  • Chapter 3
  • Executive Summary
  • 3.1
  • Global Cullimating Lens Market, 2016 – 2026 (USD Million)
  • 3.2
  • Global Cullimating Lens Market: Snapshot
  • Chapter 4
  • Cullimating Lens Market – Industry Analysis
  • 4.1
  • Introduction
  • 4.2
  • Market Drivers
  • 4.2.1
  • Driving Factor 1 Analysis
  • 4.2.2
  • Driving Factor 2 Analysis:
  • 4.3
  • Market Restraints
  • 4.3.1
  • Restraining Factor Analysis
  • 4.4
  • Market Opportunities
  • 4.4.1
  • Market Opportunity & Use-case Analysis
  • 4.4.2
  • Use – Cases for Cullimating Lens
  • 4.5
  • Porter’s Five Forces Analysis
  • 4.6
  • COVID 19 Impact Analysis
  • 4.6.1.1
  • Impact on Product Development and Technology Adoption
  • 4.6.1.2
  • Gap Analysis
  • Chapter 5
  • Investment Proposition Analysis
  • 5.1
  • Global Cullimating Lens Market Attractiveness, By Material
  • 5.2
  • Global Cullimating Lens Market Attractiveness, By Light Source
  • 5.3
  • Global Cullimating Lens Market Attractiveness, By Application
  • 5.4
  • Global Cullimating Lens Market Attractiveness, By Region
  • Chapter 6
  • Competitive Landscape
  • 6.1
  • Company Market Share Analysis - 2019
  • 6.1.1
  • Global Cullimating Lens Market: Company Market Share, 2019
  • 6.2
  • Strategic Developments
  • 7.1
  • Global Cullimating Lens Market Overview: by Material
  • 7.1.1
  • Global Cullimating Lens Market Revenue Share, by Material, 2019 & 2026
  • 7.2
  • Global Cullimating Lens Market Analysis/Overview – By Material
  • 7.2.1
  • Plastic – Overview/Analysis
  • 7.2.2
  • Glass – Overview/Analysis
  • 7.2.3
  • Others – Overview/Analysis
  • 7.3
  • Plastic
  • 7.3.1
  • Global Cullimating Lens Market for Plastic, Revenue (USD Million) 2016 - 2026
  • 7.4
  • Glass
  • 7.4.1
  • Global Cullimating Lens Market for Glass, Revenue (USD Million) 2016 - 2026
  • 7.5
  • Others
  • 7.5.1
  • Global Cullimating Lens Market for Others, Revenue (USD Million) 2016 - 2026
  • 8.1
  • Global Cullimating Lens Market Overview: by Light Source
  • 8.1.1
  • Global Cullimating Lens Market Revenue Share, by Light Source, 2019 & 2026
  • 8.2
  • Global Cullimating Lens Market Analysis/Overview – By Light Source
  • 8.2.1
  • Laser – Overview/Analysis
  • 8.2.2
  • LED – Overview/Analysis
  • 8.3
  • Laser
  • 8.3.1
  • Global Cullimating Lens Market for Laser, Revenue (USD Million) 2016 - 2026
  • 8.4
  • LED
  • 8.4.1
  • Global Cullimating Lens Market for LED, Revenue (USD Million) 2016 - 2026
  • 9.1
  • Global Cullimating Lens Market Overview: by Application
  • 9.1.1
  • Global Cullimating Lens Market Revenue Share, by Application, 2019 & 2026
  • 9.2
  • Global Cullimating Lens Market Analysis/Overview – By Application
  • 9.2.1
  • Medical – Overview/Analysis
  • 9.2.2
  • Automobile – Overview/Analysis
  • 9.2.3
  • Light and Display Measurement – Overview/Analysis
  • 9.2.4
  • LiDAR – Overview/Analysis
  • 9.2.5
  • Spectrometer – Overview/Analysis
  • 9.2.6
  • Others – Overview/Analysis
  • 9.3
  • Medical
  • 9.3.1
  • Global Cullimating Lens Market for Medical, Revenue (USD Million) 2016 - 2026
  • 9.4
  • Automobile
  • 9.4.1
  • Global Cullimating Lens Market for Automobile, Revenue (USD Million) 2016 - 2026
  • 9.5
  • Light and Display Measurement
  • 9.5.1
  • Global Cullimating Lens Market for Light and Display Measurement, Revenue (USD Million) 2016 - 2026
  • 9.6
  • LiDAR
  • 9.6.1
  • Global Cullimating Lens Market for LiDAR, Revenue (USD Million) 2016 - 2026
  • 9.7
  • Spectrometer
  • 9.7.1
  • Global Cullimating Lens Market for Spectrometer, Revenue (USD Million) 2016 - 2026
  • 9.8
  • Others
  • 9.8.1
  • Global Cullimating Lens Market for Others, Revenue (USD Million) 2016 - 2026
  • Chapter 10
  • Cullimating Lens Market – Regional Analysis
  • 10.1
  • Global Cullimating Lens Market: Regional Overview
  • 10.1.1
  • Global Cullimating Lens Market Revenue Share, by Region, 2019 & 2026
  • 10.1.2
  • Global Cullimating Lens Market Revenue, by Region, 2016 – 2026 (USD Million)
  • 10.2
  • North America
  • 10.2.1
  • North America Cullimating Lens Market Revenue, 2016 - 2026 (USD Million)
  • 10.2.2
  • North America Cullimating Lens Market Revenue, by Country, 2016 – 2026 (USD Million)
  • 10.2.3
  • North America Cullimating Lens Market Revenue, by Material, 2016 – 2026
  • 10.2.4
  • North America Cullimating Lens Market Revenue, by Light Source, 2016 – 2026
  • 10.2.5
  • North America Cullimating Lens Market Revenue, by Application, 2016 – 2026
  • 10.2.6
  • U.S.
  • 10.2.7
  • Canada
  • 10.3
  • Europe
  • 10.3.1
  • Europe Cullimating Lens Market Revenue, 2016 - 2026 (USD Million)
  • 10.3.2
  • Europe Cullimating Lens Market Revenue, by Country, 2016 – 2026 (USD Million)
  • 10.3.3
  • Europe Cullimating Lens Market Revenue, by Material, 2016 – 2026
  • 10.3.4
  • Europe Cullimating Lens Market Revenue, by Light Source, 2016 – 2026
  • 10.3.5
  • Europe Cullimating Lens Market Revenue, by Application, 2016 – 2026
  • 10.3.6
  • Germany
  • 10.3.7
  • France
  • 10.3.8
  • U.K.
  • 10.3.9
  • Italy
  • 10.3.10
  • Spain
  • 10.3.11
  • Rest of Europe
  • 10.4
  • Asia Pacific
  • 10.4.1
  • Asia Pacific Cullimating Lens Market Revenue, 2016 - 2026 (USD Million)
  • 10.4.2
  • Asia Pacific Cullimating Lens Market Revenue, by Country, 2016 – 2026 (USD Million)
  • 10.4.3
  • Asia Pacific Cullimating Lens Market Revenue, by Material, 2016 – 2026
  • 10.4.4
  • Asia Pacific Cullimating Lens Market Revenue, by Light Source, 2016 – 2026
  • 10.4.5
  • Asia Pacific Cullimating Lens Market Revenue, by Application, 2016 – 2026
  • 10.4.6
  • China
  • 10.4.7
  • Japan
  • 10.4.8
  • India
  • 10.4.9
  • South Korea
  • 10.4.10
  • South-East Asia
  • 10.4.11
  • Rest of Asia Pacific
  • 10.5
  • Latin America
  • 10.5.1
  • Latin America Cullimating Lens Market Revenue, 2016 - 2026 (USD Million)
  • 10.5.2
  • Latin America Cullimating Lens Market Revenue, by Country, 2016 – 2026 (USD Million)
  • 10.5.3
  • Latin America Cullimating Lens Market Revenue, by Material, 2016 – 2026
  • 10.5.4
  • Latin America Cullimating Lens Market Revenue, by Light Source, 2016 – 2026
  • 10.5.5
  • Latin America Cullimating Lens Market Revenue, by Application, 2016 – 2026
  • 10.5.6
  • Brazil
  • 10.5.7
  • Mexico
  • 10.5.8
  • Rest of Latin America
  • 10.6
  • The Middle-East and Africa
  • 10.6.1
  • The Middle-East and Africa Cullimating Lens Market Revenue, 2016 - 2026 (USD Million)
  • 10.6.2
  • The Middle-East and Africa Cullimating Lens Market Revenue, by Country, 2016 – 2026 (USD Million)
  • 10.6.3
  • The Middle-East and Africa Cullimating Lens Market Revenue, by Material, 2016 – 2026
  • 10.6.4
  • The Middle-East and Africa Cullimating Lens Market Revenue, by Light Source, 2016 – 2026
  • 10.6.5
  • The Middle-East and Africa Cullimating Lens Market Revenue, by Application, 2016 – 2026
  • 10.6.6
  • GCC Countries
  • 10.6.7
  • South Africa
  • 10.6.8
  • Rest of Middle-East Africa
  • Chapter 11
  • Company Profiles
  • 11.1
  • Ocean Optics
  • 11.1.1
  • Company Overview
  • 11.1.2
  • Financial Overview
  • 11.1.3
  • Product Portfolio
  • 11.1.4
  • Business Strategy
  • 11.1.5
  • Recent Developments
  • 11.2
  • LightPath Technologies
  • 11.3
  • TRIOPTICS, INGENERIC
  • 11.4
  • Auer Lighting, Avantes
  • 11.5
  • Optikos Corporation
  • 11.6
  • IPG Photonics
  • 11.7
  • Thorlabs
  • 11.8
  • The Optoelectronics

Methodology


Frequently Asked Questions

Growing demand for of microscopy systems especially in various end-use industries is a major factor driving the collimating lens market across the globe. Moreover, increase penetration of aspheric lenses in optics systems is expected to drive the demand for collimating lens over the forthcoming years.

According to Zion Market Research, global demand for collimating lens market 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 North America collimating lens market is projected to hold the largest share globally in the future. Growing optic industry and high penetration of the advance technology is expected to boost the demand for collimating lens in the region during the forthcoming years.

Some major vendors of the collimating lens market are Ocean Optics, LightPath Technologies, TRIOPTICS, INGENERIC, Auer Lighting, Avantes, Optikos Corporation, IPG Photonics, Thorlabs, and The Optoelectronics, among others.

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