Collimating Lens Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2021 - 2026

Report Code: ESR 79682 Report Format: PDF + Excel

Collimating Lens Market Overview

The Collimating Lens Market size is forecast to reach $452 million by 2026, growing at a CAGR of 5.6% in the period 2021-2026. Collimating lenses are designed for performing various applications such as LiDAR, spectroscopy, industrial radiography, light & display measurement. In addition, Collimating lenses offer greater advantages, such as high spatial resolution, minimize energy loss, and other, specifically in fiber optics system. The rise in the demand for Collimating Lens is due to the growing popularity of fiber optics collimating lenses, which offers several possibilities for various industry verticals, including automotive, medical, power generation, manufacturing and aerospace, thereby, influence the growth of the Collimating Lens Industry. In fact, rapid technological advancements in high-end microscopy systems, and other array of solutions, such as nonimaging optics solution for superior display measurement in spectrometers, colorimeters and LED lighting systems, are analyzed to drive the market positively. Furthermore, the rapid advancement in optical technology, developments in the manufacturing of LED lamps and rising research and development investments to aim other growth opportunities, such as lesser energy consumption, long lifespan, high color-rendering index as well as promoting increasing usage of lenses in automobiles are some of the factors, which are estimated to boost the growth of the global Collimating Lens Market.

Report Coverage        

The report: “Collimating Lens Industry Outlook – Forecast (2021-2026)”, by IndustryARC, covers an in-depth analysis of the following segments of the Collimating Lens Market.

By Light Source: LED, Laser and Others

By Material: Glass, Plastic and Other

By Application: Spectroscopy, Interferometry, Light Detection and Ranging (LiDAR), Medical Imaging, Automotive Lights, Light and Display Measurement and others

By Industry Verticals: Aerospace and Defense, Medical and Healthcare, Chemical, Oil & Gas, Automotive & Transportation, General Manufacturing, Consumer Electronics and others.

By Geography: North America (U.S, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Russia and Others), APAC(China, Japan India, South Korea, Australia and Others), South America(Brazil, Argentina and others)and RoW (Middle east and Africa)

Key takeaways

  • Asia Pacific is analyzed to be the major region in Collimating Lens Market, and grow at a CAGR of 7.3% in the forecast period, owing to the rising demand of consumer electronics devices and easy affordable raw materials for electronic manufacturers that play a pivotal role for the market growth.
  • The emergence of integrated lighting solutions to denote various lighting intelligence control systems is estimated to drive the Collimating Lens Market.
  • The LED light source is estimated to hold the highest share and grow at the highest CAGR of 12.8% during the forecast period 2021-2026, owing to the growing demand of LED lights across various commercial lighting sectors for high-brightness and low power consumption at affordable price.

Collimating Lens Market, By Region 2020

 Collimating Lens Market

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Collimating Lens Market Segment Analysis – By Light Source

By Light Source, the Collimating Lens Market is segmented into LED, Laser and Others. The LED light source is estimated to hold the highest share and grow at the highest CAGR of 12.8% during the forecast period 2021-2026, owing to the growing demand of LED lights across various commercial lighting sectors for high-brightness and low power consumption at affordable price. In December 2020, Ultra Beam Lighting launched a string of new lighting products. This new LED light product ranges are specifically wall mounted reading lights, which are brighter as well as energy efficient. LED light is a very energy-saving technology as compared to other traditional or regular light solutions, and thus, an increasing number of users prefers LED lighting products that consume minimum electricity. Hence, the significant increase in the use of LED lights among diversified end-users is witnessed to contribute to the growth of the Collimating Lens Market.

Collimating Lens Market Segment Analysis – By Industry Verticals

By Industry Verticals, the Collimating Lens Market is segmented into Aerospace and Defense, Medical and Healthcare, Chemical, Automotive & Transportation, General Manufacturing, Consumer Electronics and others. Automotive & Transportation held the highest share and will grow at the highest CAGR of 6.2% during the forecast period 2021-2026. The leading automotive manufacturers are investing upon various advanced lighting solutions to integrate high-quality LED lights for vehicle headlights, thereby accelerating the demand of the Collimating Lens Market. In December 2020, Polestar launched advanced lighting technology, known as Pixel LED headlights to the compact premium electric vehicle segment, which offers exceptional forward lighting performance. Hence, the growing prominence of new lighting technologies and emergence of major lighting components that offer durable design architecture are estimated to accelerate the growth of the Collimating Lens Market. 

Collimating Lens Market Segment Analysis – By Geography

Asia Pacific is analyzed to be the major region in Collimating Lens Market, and grow at a CAGR of 7.3% in the forecast period, owing to the rising demand of consumer electronics devices and easy affordable raw materials for electronic manufacturers that play a pivotal role for the market growth. In addition, Taiwan, Japan, Singapore and India are the key contributors to the regional market growth of Collimating Lens owing to the presence of a large number of market players, enormous investments for ultra-modern lighting solutions and potential government initiatives for adopting light-emitting diodes. In January 2020, Opple, a Shanghai-based company and a global leader in LED lighting launched a new line of products in the domestic electronics market in India, with an aim to strengthen its regional presence. The new line of products comprises two major launches, and they are EcoMax COB Spotlight and Smart Bulb. Thus,

Collimating Lens Market Drivers

Growing popularity of Smart lighting

The emergence of integrated lighting solutions to denote various lighting intelligence control systems is estimated to drive the Collimating Lens Market. In order to develop improved energy-efficient standards, the smart lighting products are rapidly adopted by various industry sectors, including residential and commercial. In January 2020, an innovative leader in WiFi based smart lighting, and a significant part of Signify, WiZ Connected launched the new WiZmote, a WiFi remote to easily control WiZ Connected products. All the WiZ Connected products are connected with a Motion Sensor that can trigger lighting modes, and offer Energy Optimization features, such as power consumption monitoring. Thus, the launch of several new smart lighting products to deliver consumers with varied functions for effortless customize home lighting control is contributing to the growth of the Collimating Lens Market. 

Increasing prominence of optical sensor market

Recent advancements pertinent to Optical Sensor technology have enormously transformed the industry through a class of devices, which are administered in varied types of light-matter interactions to monitor, contact-less detection, quantify molecules and generate analytical signals for diversified applications is estimated to drive the Collimating Lens market. In July 2020, a Japanese multinational electrical engineering and software company, Yokogawa Electric Corporation launched updated versions of its AQ2200 optical sensor modules. The AQ2200-212 single-channel optical sensor module provides enhanced measurement performance and minimum uncertainty for diversified applications that demand high accuracy. Therefore, the launch of various optical measuring applications and non-imaging optics solutions are estimated to drive the Collimating Lens Market.

Collimating Lens Market Challenges

Expensive Manufacturing cost

The aspheric lenses provide greater optical functionality in comparison to spherical lenses, which eventually leads to an expensive investment. Thus, for various end users the adoption of aspheric lenses for more effective performance is difficult due to high manufacturing cost, which hinders the growth of the Collimating Lens Market.

Market Landscape

Product launches, acquisitions, and R&D activities are key strategies adopted by players in the Collimating Lens Market. The Collimating Lens Market top 10 companies include AMS Technologies AG, Auer Lighting GmbH, Avantes Bv, Axetris AG, Bentham Instruments Limited, Broadcom Limited, Casix, Inc., Katerra, Edmund Optics Inc., Hexagon, Fisba AG, Hamamatsu Photonics K.K., Ingeneric GmbH

Acquisitions/Technology Launches/Partnerships

  • In September 2020, the official building products brand of Katerra, known as KOVA launched a new line of LED lighting solutions, which provides premium feature-rich LED lamps as well as fixtures at a great price.
  • In November 2020, Hexagon, a global leader in sensor, software and autonomous solutions launched a new software plugin to offer complete operation of Hexagon structured light scanning systems from within PolyWorks, a powerful third-party inspection software platform, developed by InnovMetric Software Inc.

 

Relevant Report Titles:

 Optical Sensors Market

Report Code: AIR 0040

Light Sensors Market

Report Code: ESR 0168


For more Electronics related reports, please click here

1. Collimating Lens Market Overview
    1.1 Definitions and Scope
2.  Collimating Lens Market - Executive Summary
    2.1 Market Revenue, Market Size and Key Trends by Company
    2.2 Key trends By  Collimating Lens Market  Type
    2.3 Key trends segmented by Geography
3. Collimating Lens Market
    3.1 Comparative Analysis
        3.1.1 Product/Service Benchmarking-Top 5 Companies
        3.1.2 Top 5 Financial Analysis
        3.1.3 Market Value Split by Top 5 Companies
        3.1.4 Patent Analysis
        3.1.5 Pricing Analysis
4. Collimating Lens Market – By Startup Company Scenario (Premium)
    4.1 Investment
    4.2 Revenue
    4.3 Venture Capital Funding
5. Collimating Lens Market – By Industry Market Entry Scenario Premium (Premium)
    5.1 Regulatory Framework
    5.2 Customer Analysis
    5.3 Case Studies
    5.4 Ease of Doing Business Index
6. Collimating Lens Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints/Challenges
    6.3 Porters five force model
        6.3.1 Bargaining power of suppliers
        6.3.2 Bargaining powers of customers
        6.3.3 Network of new entrants
        6.3.4 Rivalry among existing players
        6.3.5 Network of substitutes
7. Collimating Lens Market – By Strategic Analysis (Market Size -$Million/Billion)
    7.1 Value Chain Analysis
    7.2 Opportunities Analysis
    7.3 Product Life Cycle/Market Life Cycle Analysis
    7.4 Vendors & Partners  
8. Collimating Lens Market – By Light Source
    8.1 LED
    8.2 Laser
    8.3 Others
9. Collimating Lens Market – By Material
    9.1 Glass
    9.2 Plastic
    9.3 Other
10. Collimating Lens Market – By Applications
    10.1 Spectroscopy
    10.2 Interferometry
    10.3 Light Detection and Ranging (LiDAR)
    10.4 Medical Imaging
    10.5 Automotive Lights
    10.6 Light and Display Measurement
    10.7Others
11. Collimating Lens Market – By Industry Verticals
    11.1 Aerospace and Defense
    11.2 Medical and Healthcare
    11.3 Chemical
    11.4 Oil & Gas
    11.5 Automotive & Transportation
    11.6 General Manufacturing
    11.7 Consumer Electronics
    11.8Others
12. Collimating Lens Market – By Region
    12.1 North America
        12.1.1 U.S
        12.1.2 Canada
        12.1.3 Mexico
    12.2 Europe
        12.2.1 Germany
        12.2.2 France
        12.2.3 UK
        12.2.4 Italy
        12.2.5 Spain
        12.2.6 Russia
        12.2.7 Others
    12.3 APAC
        12.3.1 China
        12.3.2 Japan
        12.3.3 South Korea
        12.3.4 India
        12.3.5 Australia
        12.3.6 Others
    12.4 14.4 South America
        12.4.1 Brazil
        12.4.2 Argentina
        12.4.3 Others
    12.5 Rest of World (RoW)
        12.5.1 Middle East
        12.5.2 Africa
13. Collimating Lens Market - Industry Landscape Analysis (Premium)
    13.1 Market Share by Region
    13.2 Market Share by Industry
    13.3 Market Share by Type
14. Collimating Lens Market - Key Companies by Country (Premium)
15. Collimating Lens Market Entropy
    15.1 New Product Launches
    15.2 M&As, Collaborations, JVs and Partnerships
16. Collimating Lens Market - Company Analysis
    16.1 AMS Technologies AG
    16.2 Auer Lighting GmbH
    16.3 Avantes Bv
    16.4 Axetris AG
    16.5 Bentham Instruments Limited
    16.6 Company- 6
    16.7 Company- 7
    16.8 Company- 8
    16.9 Company-9
    16.10 Company- 10

List of Tables

1 US Collimating Lens Market Size 2018
2 Canada Collimating Lens Market Share 2018
3 Brazil Collimating Lens Market Outlook 2019 - 2023
4 Mexico Collimating Lens Market Research 2018
5 Germany Collimating Lens Market Trends 2019 - 2023 
6 France Collimating Lens Market Growth 2019 - 2023 
7 UK Collimating Lens Market Demand 2019 - 2023 
8 Italy Collimating Lens Market Segmentation 2018
9 Russia Collimating Lens Market Analysis 2019 - 2023
10 China Collimating Lens Market Revenue 2019 - 2023
11 Japan Collimating Lens Market Volume 2019 - 2023
12 South Korea Collimating Lens Market Potential 2019 - 2023
13 India Collimating Lens Market Leaders 2018
14 Saudi Arabia Collimating Lens Market Forecast 2019 - 2023 
15 Kuwait Collimating Lens Market Value 2018

List of Figures

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