(MENAFN- America News Hour) Global Collimating Lens Market Key Insights During the forecast period of 2022-2031, the global collimating lens market generated a revenue of ~USD 1 billion by 2021, by expanding at a CAGR of ~4%. Major key factors propelling the growth of the collimating lens market worldwide are the increasing demand for collimating lenses in numerous applications and technological developments in microscopes.
Market Definition of Collimating Lens
The helping optical lens known as a collimating lens is what aligns the lines so that they are parallel before they enter the spectrometer. These lenses assist in adjusting sampling lighting and collecting angles as well as field vision, collection competence, and spatial resolution of their units. Additionally, it is utilized to reduce the spatial cross-section of light beams, making them narrower and facilitating better visibility.
A tube with one or more lenses makes up a collimating lens system in most cases. These lenses can be attached to any optical system directly or through a fiber connection in order to accept or transmit parallel light beams.
Global Collimating Lens Market: Growth Drivers
The growth of the
global collimating lens market
can majorly be attributed to the launch of several products with advanced collimating lenses by the key players operating in the market. For instance, the discovery of a method for the low-cost mass manufacture of far-infrared aspherical lenses constructed of chalcogenide glass, suited for enhancing the performance of cameras and sensors, was disclosed by Panasonic Corporation in January 2022.
On the other hand, the market growth can also be attributed to several technological advancements occurring in the field of the collimating lens are also projected to drive the market growth. For instance, a new advanced
passively Q-Switched laser from Thorlabs that produces 500 ps pulses centered at 1030 nm was released in April 2021. The LIDAR, laser-induced breakdown spectroscope, and material processing are just a few of the applications made possible by the microjoule-level pulse energies.
The global collimating lens market is also estimated to grow majorly on account of the following:
Rising Significance of Fiber Optic Collimating Lenses Growing Adoption in Radiology Utilization of CO2 Cutting Lasers Adoption of Laser Diodes Rising Adoption in Automotive Sector
Global Collimating Lens Market: Restraining Factor
Inadequate disposable cash to spend on advanced lenses and high production costs for the lenses are the main issues limiting the expansion of the global collimating lens market during the forecast period.
Get a Sample PDF of the Global Collimating Lens Market @
Global Collimating Market Segmentation
By
Material (Plastic and Glass)
Owing to a higher refractive index and higher density, the glass segment is projected to occupy the largest market share and experience a substantial increase throughout the forecast period. Automobile headlights, medical gadgets, LiDAR systems, light and display measuring systems, spectroscopy instruments, interferometry systems, and other items all use glass lenses in some capacity. For instance, Global production of light automobiles is expected to reach 99 million in 2025. The rising production of vehicles increases the demand for glass headlamps.
By Light Source (LED, and Laser) By End-User (Automobile, Clinical, LiDAR, and Spectrometer) By Wavelength ( <1,000 m, 1,000-1,500 m, 1,500-2,000 m, and 2,000 m ) By Region
The Asia Pacific region accounts for the greatest proportion of the global market for collimating lenses, and on account of the region's rapidly expanding automotive sector by the end of 2031. For instance, in 2021, China was the top producer of passenger cars, with 21.5 million vehicles made there. This contrasts with Japan, the runner-up, which sold roughly 6.65 million units.
The market research report on the global collimating lens also includes the market size, market revenue, Y-o-Y growth, and key player analysis applicable for the market in North America (U.S., and Canada), Latin America (Brazil, Mexico, Argentina, and Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), and the Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa).
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Key Market Players Featured in the Global Collimating Lens Market
Key Players in the Global Collimating Lens Market Research Report by Kenneth Research Include LightPath Technologies, Avantes B V, INGENRIC GmbH, Ocean Insight, Panasonic Corporation, Thorlabs, Inc., TRIOPTICS GmbH, Optoelectronics Co. Ltd, CASIX, and others.
About Kenneth Research:
Kenneth Research, which is a leading reseller of strategic market research and consulting services, aims to help conglomerates, executives, and industries to take wise decisions for their businesses as well as for their future marketing strategy, expansion, and investment among others. We provide unbiased, unparalleled market insights and industry analysis and believe that our expertise in the field of market research can help businesses to expand to their new horizon. Our team of research analysts can provide businesses with the right guidance at the right time, while our out of box thinking helps our clients to take wise decisions in order to avoid future uncertainties.
Contact for more Info:
AJ Daniel
Email:
U.S. Phone: +1 313 462 0609
Global Collimating Lens Market Key Insights During the forecast period of 2022-2031, the global collimating lens market generated a revenue of ~USD 1 billion by 2021, by expanding at a CAGR of ~4%. Major key factors propelling the growth of the collimating lens market worldwide are the increasing demand for collimating lenses in numerous applications and technological developments in microscopes.
Market Definition of Collimating Lens
The helping optical lens known as a collimating lens is what aligns the lines so that they are parallel before they enter the spectrometer. These lenses assist in adjusting sampling lighting and collecting angles as well as field vision, collection competence, and spatial resolution of their units. Additionally, it is utilized to reduce the spatial cross-section of light beams, making them narrower and facilitating better visibility.
A tube with one or more lenses makes up a collimating lens system in most cases. These lenses can be attached to any optical system directly or through a fiber connection in order to accept or transmit parallel light beams.
Global Collimating Lens Market: Growth Drivers
The growth of the
global collimating lens market
can majorly be attributed to the launch of several products with advanced collimating lenses by the key players operating in the market. For instance, the discovery of a method for the low-cost mass manufacture of far-infrared aspherical lenses constructed of chalcogenide glass, suited for enhancing the performance of cameras and sensors, was disclosed by Panasonic Corporation in January 2022.
On the other hand, the market growth can also be attributed to several technological advancements occurring in the field of the collimating lens are also projected to drive the market growth. For instance, a new advanced
passively Q-Switched laser from Thorlabs that produces 500 ps pulses centered at 1030 nm was released in April 2021. The LIDAR, laser-induced breakdown spectroscope, and material processing are just a few of the applications made possible by the microjoule-level pulse energies.
The global collimating lens market is also estimated to grow majorly on account of the following:
Rising Significance of Fiber Optic Collimating Lenses Growing Adoption in Radiology Utilization of CO2 Cutting Lasers Adoption of Laser Diodes Rising Adoption in Automotive Sector
Global Collimating Lens Market: Restraining Factor
Inadequate disposable cash to spend on advanced lenses and high production costs for the lenses are the main issues limiting the expansion of the global collimating lens market during the forecast period.
Get a Sample PDF of the Global Collimating Lens Market @
Global Collimating Market Segmentation
By
Material (Plastic and Glass)
Owing to a higher refractive index and higher density, the glass segment is projected to occupy the largest market share and experience a substantial increase throughout the forecast period. Automobile headlights, medical gadgets, LiDAR systems, light and display measuring systems, spectroscopy instruments, interferometry systems, and other items all use glass lenses in some capacity. For instance, Global production of light automobiles is expected to reach 99 million in 2025. The rising production of vehicles increases the demand for glass headlamps.
By Light Source (LED, and Laser) By End-User (Automobile, Clinical, LiDAR, and Spectrometer) By Wavelength ( <1,000 m, 1,000-1,500 m, 1,500-2,000 m, and 2,000 m ) By Region
The Asia Pacific region accounts for the greatest proportion of the global market for collimating lenses, and on account of the region's rapidly expanding automotive sector by the end of 2031. For instance, in 2021, China was the top producer of passenger cars, with 21.5 million vehicles made there. This contrasts with Japan, the runner-up, which sold roughly 6.65 million units.
The market research report on the global collimating lens also includes the market size, market revenue, Y-o-Y growth, and key player analysis applicable for the market in North America (U.S., and Canada), Latin America (Brazil, Mexico, Argentina, and Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), and the Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa).
Do You Have Any Query Or Specific Requirements? Ask Our Expert:
Key Market Players Featured in the Global Collimating Lens Market
Key Players in the Global Collimating Lens Market Research Report by Kenneth Research Include LightPath Technologies, Avantes B V, INGENRIC GmbH, Ocean Insight, Panasonic Corporation, Thorlabs, Inc., TRIOPTICS GmbH, Optoelectronics Co. Ltd, CASIX, and others.
About Kenneth Research:
Kenneth Research, which is a leading reseller of strategic market research and consulting services, aims to help conglomerates, executives, and industries to take wise decisions for their businesses as well as for their future marketing strategy, expansion, and investment among others. We provide unbiased, unparalleled market insights and industry analysis and believe that our expertise in the field of market research can help businesses to expand to their new horizon. Our team of research analysts can provide businesses with the right guidance at the right time, while our out of box thinking helps our clients to take wise decisions in order to avoid future uncertainties.
Contact for more Info:
AJ Daniel
Email:
U.S. Phone: +1 313 462 0609