Collimating Lens Market

Collimating Lens Market by Light Source (LED and Laser), Material (Glass and Plastic), End Use (Automobile, Medical, LiDAR, Light and Display Measurement, and spectrometer), Wavelength, and Geography - Global Forecast to 2023

Report Code: SE 6720 Nov, 2018, by marketsandmarkets.com

The study involved 4 major activities to estimate the current market size for collimating lenses. Exhaustive secondary research was done to collect information on the market, peer market, and parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across value chain through primary research. Both top-down and bottom-up approaches have been employed to estimate the complete market size. After that market breakdown and data triangulation methods have been used to estimate the market size of segments and subsegments. Two basic sources of information secondary and primary have been used to identify and collect information for an extensive technical and commercial study of the collimating lens market.

Secondary Research

The secondary sources include company websites, magazines, industry news, associations, and databases (Factiva and Bloomberg). These secondary sources include annual reports, press releases and investor presentations of companies, white papers, certified publications, articles by recognized authors, gold standard and silver standard websites, food safety organizations, regulatory bodies, trade directories, and databases.

Primary Research

Primary sources mainly consist of several experts from the core and related industries, along with preferred suppliers, manufacturers, distributors, technology developers, alliances, standards, and certification organizations related to various segments of this industry’s value chain. They have been interviewed to understand, obtain, and verify critical information, as well as assess future market trends and prospects. Key players in the collimating lens market have been identified through secondary research, and their market ranking has been determined through primary and secondary research. This research involves the study of the annual reports of market players for the identification of the top players and interviews with key opinion leaders, such as CEOs, and directors.  The breakdown of primary respondents is provided below.

Collimating Lens Market

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both top-down and bottom-up approaches have been used to estimate and validate the total size of the collimating lens market. These methods have been also used extensively to estimate the size of various subsegments in the market. The following research methodology has been used to estimate the market size:

  • Major players in the industry and markets have been identified through extensive secondary research.
  • The industry’s value chain and market size (in terms of value) have been determined through primary and secondary research process.
  • All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall market size from the market size estimation process explained above, the total market has been split into several segments. To complete the overall market engineering process and arrive at the exact statistics for all the segments, the market breakdown and data triangulation procedures have been employed, wherever applicable. The data has been triangulated by studying various factors and trends from both demand and supply sides. The market has also been validated using both top-down and bottom-up approaches.

Report Objectives

  • To describe and forecast the collimating lens market, in terms of value, by light source, material, wavelength, end use
  • To describe and forecast the market, in terms of volume, by light source
  • To describe and forecast the collimating lens market, in terms of value, by region—Asia Pacific (APAC), Europe, North America, and Rest of the World (RoW), along with their respective countries
  • To provide detailed information regarding major factors influencing market growth (drivers, restraints, opportunities, and challenges)
  • To strategically analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall market
  • To study the complete value chain of collimating lenses
  • To analyze opportunities in the market for stakeholders by identifying the high-growth segments of the collimating lens ecosystem
  • To strategically profile key players and comprehensively analyze their market position in terms of ranking and core competencies, along with detailing competitive landscape for market leaders
  • To analyze strategic approaches such as product launches, mergers and acquisitions, agreements and contracts, and expansions in the collimating lens market

Scope of the Report

Report Metric

Details

Market size available for years

2015–2023

Base Year

2017

Forecast Period

2018–2023

Units

Value (USD Million) and Volume (Million Units)

Segments Covered

Material, Wavelength, Light Source, and End Use

Geographic Regions Covered

North America, APAC, Europe, and RoW

Companies Covered

In All 15 Major Players: LightPath Technologies, Inc. (US), Ocean Optics, Inc. (US), INGENERIC GmbH (Germany), TRIOPTICS GmbH (Germany), Avantes BV (Netherlands), Auer Lighting GmbH (Germany), IPG Photonics Corporation (US), Optikos Corporation (US), The Optoelectronics Co. Ltd (UK), and Thorlabs Inc. (US)

This research report categorizes the collimating lens market by material, wavelength, light source, end use, and region.

Collimating Lens Market, by Light Source:

  • LED
  • Laser
  • Others (xenon lamp, Infrared light, and RGB)

Collimating Lens Market, by Material:

  • Glass
  • Plastic
  • Others (Crystal and silica, among other)

Collimating Lens Market, by Wavelength:

  • <1,000
  • 1,000–1,500
  • 1,500–2,000
  • >2,000

Collimating Lens Market, by End Use:

  • Automobile
  • Medical
  • LiDAR
  • Light and Display Measurement
  • Spectroscopy
  • Interferometry
  • Others (Environmental sensing, gas detection systems, communication, and agriculture measurement & monitoring system among others)

Collimating Lens Market, by Region:

  • North America
  • Europe
  • Asia Pacific (APAC)
  • Rest of the World (RoW)

Available Customizations

Based on the given market data, MarketsandMarkets offers customizations in the reports according to the client’s specific requirements. The available customization options are as follows:

Geographic Analysis

  • Further country-wise breakdown of the market in APAC based on light source

Company Information

  • Detailed analysis and profiling of additional market players (Up to 5)

The overall collimating lens market is expected to grow from USD 289 million in 2018 to USD 380 million by 2023, at a CAGR of 5.7%. Advantages of collimating lenses in various applications and benefits of using aspheric lenses over traditional spherical lenses in optics systems are the key factors driving the growth of the collimating lens market.

Collimating Lens Market

LED to dominate collimating lens market, based on light source, during forecast period

Solid-state lighting fixtures/devices equipped with LEDs lamps are the most efficient source of white light of high-quality. A collimator is an optical component that collects rays from the LED source and deflects these rays to make them parallel. A typical collimator may be constructed with a parabolic mirror or lens, and the LED source is positioned at its focal point. The LED source used in collimators comprises an array of LEDs. Further, an array of collimating lenses is applied to collimate the LED array output. The simulation results show that the optical component system design has a compact structure, high optical efficiency, and good uniformity. This results in less energy consumption by the proposed LED lighting system than the conventional fluorescent lamp light source. This boosts the adoption of LEDs in light and display measurement, spectrometer, and automobile applications.

In material type, market for glass is expected to grow at fastest rate during forecast period

The glass segment holds a major share of the collimating lens market. Glass materials have high refractive index ranges with greater density than plastic materials. Glass collimating lenses operate over a much broader temperature and humidity range without performance degradation due to which these lenses are often used in applications such medical, spectrometer, and light and display measurement.

Automobile to account for largest market size during forecast period

Automobile manufacturers constantly strive to make their products unique by differentiating their vehicles from those offered by their competitors. Many manufacturers are currently focused on providing headlights with different designs. Advancements in lighting technologies, such as LED, need for unique designs, and available light colors are the major factors allowing the manufacturers to create lighting assemblies with new looks. The automobile segment holds a major share of the collimating lens market in 2017. There is an increasing demand for collimating lenses in the automobile segment owing to the rising adoption of LED headlamps in different types of vehicles. The market for LED headlamps is expanding from high-end to mid-range vehicles. Saving on energy costs was initially the primary driver for the adoption of LED headlamps; however, better light quality, longer lifespans, and improved controllability have accelerated the growth of the LED headlamp market for the automobile segment. Hence, increasing penetration of LED headlamps for automobile provides growth opportunities for the collimating lens market.

Collimating Lens Market

Collimating lens market in APAC is expected to grow at highest CAGR

APAC is expected to be the fastest-growing market for collimating lenses. APAC is likely to provide ample opportunities to the providers of collimating lenses during the forecast period as all major OEMs have established their manufacturing units in this region. The rise in the production of automobiles is driving the collimating lens market growth in APAC. The growing preference for the vehicles equipped with LED headlamps boosts the sales and production of collimating lenses in this region.

LightPath Technologies, Inc. (US), Ocean Optics, Inc. (US), INGENERIC GmbH (Germany), TRIOPTICS GmbH (Germany), Avantes BV (Netherlands), Auer Lighting GmbH (Germany), IPG Photonics Corporation (US), Optikos Corporation (US), Optoelectronics Co. Ltd(UK), and Thorlabs, Inc. (US) are among a few major players in the collimating lens market. These players are increasingly undertaking mergers and acquisitions, and product launches to develop and introduce new technologies and products in the market.

Recent Developments

  • In January 2018, INGENERIC (Germany) launched a new collimation module called C-SMDB for single-mode diode bars. This helps exploit improved brightness and open up new fields of applications for laser manufacturers. The new arrays achieve high degrees of collimation as they are produced with the precision glass molding process. It is effectively double-sided as the entry side collimates the slow axis, and the exit side collimates the fast axis of the emitted light.
  • In April 2017, LightPath Technologies (US) signed a substantial contract from Renishaw plc (UK). Engineers from LightPath and Renishaw collaborated to achieve the optimal balance of performance and cost for this unique application. LightPath's advanced precision glass molding expertise, along with proprietary coating design and technologies, enable a repeatable process that is scalable to high-volume production.
  • In March 2016, TRIOPTICS (Germany) developed TriAngle autocollimators with USB 3.0. These autocollimators are user-friendly and are known for their accuracy levels. Their modular design makes them compatible with a wide selection of objective tubes, different sensors, reticles, and light sources. The objective tubes of different focal lengths and apertures help find the optimum measurement solution regarding angle resolution and measurement range with ease.

Critical questions would be as follows:

  • Where will all these developments take the industry in the mid-to-long term?
  • What are the upcoming industry applications for collimating lenses?
  • What are new end-use application areas that companies in the collimating lens market can explore?
  • Who are the key market players, and how intense is the competition?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents

1 Introduction (Page No. - 14)
    1.1 Study Objectives
    1.2 Definition
    1.3 Study Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered
    1.4 Currency
    1.5 Stakeholders

2 Research Methodology (Page No. - 17)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Major Secondary Sources
                    2.1.1.2 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Primary Interviews With Experts
                    2.1.2.2 Breakdown of Primaries
                    2.1.2.3 Key Data From Primary Sources
                    2.1.2.4 Key Industry Insights
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
                    2.2.1.1 Approach for Capturing Market Size By Bottom-Up Analysis (Demand Side)
           2.2.2 Top-Down Approach
                    2.2.2.1 Approach for Capturing Market Size By Top-Down Analysis (Supply Side)
    2.3 Market Breakdown and Data Triangulation
    2.4 Research Assumptions

3 Executive Summary (Page No. - 27)

4 Premium Insights (Page No. - 31)
    4.1 Attractive Opportunities in the Collimating Lens Market (2018–2023)
    4.2 Collimating Lens Market, By End Use
    4.3 Collimating Lens Market, By Light Source and Region
    4.4 Collimating Lens Market, Geographic Analysis

5 Market Overview (Page No. - 34)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Advantages of Collimation of Light in Various Applications
                    5.2.1.2 Benefits of Using Aspheric Lenses Over Traditional Spherical Lenses in Optics Systems
           5.2.2 Restraints
                    5.2.2.1 High Manufacturing Cost of Aspheric Lenses
           5.2.3 Opportunities
                    5.2.3.1 Growing Demand for Collimating Lenses in Various Applications
                    5.2.3.2 Increasing Importance of Fiber Optics Collimating Lenses
           5.2.4 Challenges
                    5.2.4.1 Restriction of Hazardous Substances (ROHS) Compliance

6 Collimating Lens Market, By Light Source (Page No. - 38)
    6.1 Introduction
    6.2 LED
           6.2.1 Increase in Demand for LED Headlamp in Automobile to Drive the Growth of LED Collimating Lens Market
    6.3 Laser
           6.3.1 Benefits Such as High Intensity and Monochromaticity are Expected to Shoot Demand for Laser Light Sources
    6.4 Others

7 Collimating Lens Market, By Material (Page No. - 47)
    7.1 Introduction
    7.2 Glass
           7.2.1 Greater Density of Glass Material to Drive Demand for Glass Collimating Lens Market
    7.3 Plastic
           7.3.1 Low-Quality Plastics are Limiting Growth of Plastic Collimating Lens Market
    7.4 Other Materials

8 Collimating Lens Market, By Wavelength (Page No. - 52)
    8.1 Introduction
    8.2 <1000 nm
           8.2.1 Collimating Lens Market for Laser Light Source With <1000 nm Range to Grow at High Rate
    8.3 1000–1500 nm
           8.3.1 LED to Hold Largest Size of Collimating Lens Market for 1000–1500 nm Range
    8.4 1500–2000 nm
           8.4.1 1500-2000nm Wavelength is Most Suitable for Medical and Industrial Application Which Drives the Collimating Lens Market
    8.5 >2000 nm
           8.5.1 Laser Light Source With >2000 nm Wavelengths is Expected to Have Growth in Spectrometer and Interferometer End Use Applications

9 Collimating Lens Market, By End Use (Page No. - 58)
    9.1 Introduction
    9.2 Spectroscopy
           9.2.1 Demand of Spectroscopy in Determining Refractive Index of A Material, Presence of Undesired Wavelengths, and Colour Properties of Light Source Help to Drive the Market
    9.3 Medical
           9.3.1 Increasing Use of Collimating Lens in Various Medical Equipment
    9.4 Lidar
           9.4.1 Increasing Penetration of Lidar Technology in Various Applications to Provide Growth Opportunities for Collimating Lens Market
    9.5 Automobile
           9.5.1 Advancements in Lighting Technologies Adopted in Automobiles Drive Demand for Collimating Lenses
    9.6 Light and Display Measurement
           9.6.1 Collimating Lens is an Inevitable Component in Light and Display Measurement
    9.7 Interferometry
           9.7.1 Need for Interferometry in Evaluation of Displacement and Irregularities in Flat and Spherical Surfaces Will Boost Market Growth
    9.8 Others

10 Collimating Lens Market, Geographic Analysis (Page No. - 63)
     10.1 Introduction
     10.2 North America
             10.2.1 Us
                        10.2.1.1 US Accounted for Largest Size in Collimating Lens Market in North America
             10.2.2 Canada
                        10.2.2.1 Collimating Lens Market in Canada is Expected to Witness Significant Growth in Coming Years
             10.2.3 Mexico
                        10.2.3.1 Rapidly Expanding Automotive Manufacturing in Mexico is Expected to Provide Prospects to Collimating Lens Market
     10.3 Europe
             10.3.1 Germany
                        10.3.1.1 Growing Presence of Optics Component Manufacturers in Germany is Expected to Drive Market Growth
             10.3.2 Uk
                        10.3.2.1 Increasing Demand for Medical Equipment in UK is Propelling Demand for Collimating Lenses
             10.3.3 France
                        10.3.3.1 High Use of Lidar Systems in Applications Such as Space Exploration, Meteorology, and Corridor Mapping Boost Demand for Collimating Lenses in France
             10.3.4 Italy
                        10.3.4.1 Sophisticated Healthcare Infrastructure in Italy Raises Demand for Collimating Lenses
             10.3.5 Rest of Europe
     10.4 Asia Pacific
             10.4.1 China
                        10.4.1.1 China Accounted for Largest Share of Collimating Lens Market in APAC
             10.4.2 Japan
                        10.4.2.1 Increasing Adoption of LED Headlamps in Japan Due to Presence of Large Number of Car Manufacturers Drives Market Growth
             10.4.3 India
                        10.4.3.1 Largest and Fastest-Growing Automobile Markets in India to Provide Growth Opportunities for Collimating Lens Providers
             10.4.4 South Korea
                        10.4.4.1 Applications Such as Light and Display Measurement, Medical, and Automobile Drive Demand for Collimating Lenses in South Korea
             10.4.5 Rest of APAC
     10.5 Rest of the World
             10.5.1 South and Central America
                        10.5.1.1 Brazil and Argentina is Expected to Witness the Highest Growth Rate in Collimating Lens Market in South America
             10.5.2 Middle East and Africa
                        10.5.2.1 Countries Such as Saudi Arabia, Israel, UAE, and Qatar are Major Contributor to Collimating Lens Market in Middle East

11 Competitive Landscape (Page No. - 80)
     11.1 Introduction
     11.2 Market Player Ranking Analysis (2018)
             11.2.1 Product Launches/Developments
             11.2.2 Agreements and Contracts
             11.2.3 Mergers/Acquisitions
             11.2.4 Expansions

12 Company Profiles (Page No. - 85)
     12.1 Key Players
(Business Overview, Products Offered, Recent Developments, MnM View, SWOT Analysis)*
             12.1.1 Lightpath Technologies, Inc.
             12.1.2 Ocean Optics, Inc.
             12.1.3 Ingeneric GmbH
             12.1.4 Trioptics GmbH
             12.1.5 Avantes Bv
             12.1.6 Auer Lighting GmbH
             12.1.7 IPG Photonics Corporation
             12.1.8 Optikos Corporation
             12.1.9 The Optoelectronics Co. Ltd.
             12.1.10 Thorlabs Inc.
*Business Overview, Products Offered, Recent Developments, MnM View, SWOT Analysis Might Not Be Captured in Case of Unlisted Companies.
     12.2 Other Key Companies
             12.2.1 AMS Technologies AG
             12.2.2 Axetris AG
             12.2.3 Broadcom Limited
             12.2.4 Bentham Instruments Limited
             12.2.5 Casix, Inc.
             12.2.6 Edmund Optics Inc.
             12.2.7 Fisba AG
             12.2.8 Hamamatsu Photonics K.K.
             12.2.9 Opto-Line, Inc.
             12.2.10 Ushio Inc.

13 Appendix (Page No. - 107)
     13.1 Insights From Industry Experts
     13.2 Discussion Guide
     13.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     13.4 Available Customizations
     13.5 Related Reports
     13.6 Author Details


List of Tables (34 Tables)

Table 1 Collimating Lens Market, 2015–2023
Table 2 Collimating Lens Market, By Light Source, 2015–2023 (USD Million)
Table 3 Collimating Lens Market for LED, By Wavelength, 2015–2023 (USD Million)
Table 4 Collimating Lens Market for LED, By Material, 2015–2023 (USD Million)
Table 5 Collimating Lens Market for LED, By Region, 2015–2023 (USD Million)
Table 6 Collimating Lens Market for Laser, By Wavelength, 2015–2023 (USD Million)
Table 7 Collimating Lens Market for Laser, By Material, 2015–2023 (USD Million)
Table 8 Collimating Lens Market for Laser, By Region, 2015–2023 (USD Million)
Table 9 Collimating Lens Market for Others, By Wavelength, 2015–2023 (USD Million)
Table 10 Collimating Lens Market for Others, By Material, 2015–2023 (USD Million)
Table 11 Collimating Lens Market for Others, By Region, 2015–2023 (USD Million)
Table 12 Collimating Lens Market, By Material, 2015–2023 (USD Million)
Table 13 Collimating Lens Market for Glass, By Light Source, 2015–2023 (USD Million)
Table 14 Collimating Lens Market for Plastic, By Light Source, 2015–2023 (USD Million)
Table 15 Collimating Lens Market for Other Materials, By Light Source, 2015–2023 (USD Million)
Table 16 Collimating Lens Market, By Wavelength, 2015–2023 (USD Million)
Table 17 Collimating Lens Market for <1000 nm, By Light Source, 2015–2023 (USD Million)
Table 18 Collimating Lens Market for 1000–1500 nm, By Light Source, 2015–2023 (USD Million)
Table 19 Collimating Lens Market for 1500–2000 nm, By Light Source, 2015–2023 (USD Million)
Table 20 Collimating Lens Market for >2000 nm, By Light Source, 2015–2023 (USD Million)
Table 21 Collimating Lens Market, By End Use, 2015–2023 (USD Million)
Table 22 Collimating Lens Market, By Region, 2015–2023 (USD Million)
Table 23 Collimating Lens Market in North America, By Country, 2015–2023 (USD Million)
Table 24 Collimating Lens Market in North America, By Light Source, 2015–2023 (USD Million)
Table 25 Collimating Lens Market in Europe, By Country, 2015–2023 (USD Million)
Table 26 Collimating Lens Market in Europe, By Light Source, 2015–2023 (USD Million)
Table 27 Collimating Lens Market in APAC, By Country, 2015–2023 (USD Million)
Table 28 Collimating Lens Market in APAC, By Light Source, 2015–2023 (USD Million)
Table 29 Collimating Lens Market in RoW, By Region, 2015–2023 (USD Million)
Table 30 Collimating Lens Market in RoW, By Light Source, 2015–2023 (USD Million)
Table 31 Product Launches/Developments (2015–2018)
Table 32 Agreements and Contracts (2015–2017)
Table 33 Mergers/Acquisitions (2015–2016)
Table 34 Expansion (2018)


List of Figures (42 Figures)

Figure 1 Collimating Lens Market Segmentation
Figure 2 Collimating Lens Market: Process Flow of Market Size Estimation
Figure 3 Collimating Lens Market: Research Design
Figure 4 Market Size Estimation Methodology: Bottom-Up Approach
Figure 5 Market Size Estimation Methodology: Top-Down Approach
Figure 6 Data Triangulation
Figure 7 Assumptions for Research Study
Figure 8 LED Light Source to Lead Collimating Lens Market During Forecast Period
Figure 9 1000–1500 nm Wavelength to Dominate Collimating Lens Market During Forecast Period
Figure 10 Collimating Lens Market for Glass to Grow at Highest CAGR During Forecast Period
Figure 11 Collimating Lens Market for Automobile to Grow at Highest CAGR During 2018–2023
Figure 12 Collimating Lens Market in APAC to Grow at Highest CAGR During Forecast Period
Figure 13 LED Light Source Segment Expected to Provide Significant Growth Opportunities During the Forecast Period
Figure 14 Market for Automobile to Grow at Highest CAGR During Forecast Period
Figure 15 LED Held Largest Share of Collimating Lens Market in 2017
Figure 16 Collimating Lens Market in China to Grow at Highest CAGR During Forecast Period
Figure 17 Increasing Demand for Aspheric Lenses Over Traditional Spherical Lenses Drives Market Growth
Figure 18 LED Light to Dominate Collimating Lens Market During Forecast Period
Figure 19 1000–1500 nm Wavelength to Dominate LED-Based Collimating Lens Market During Forecast Period
Figure 20 Laser-Based Collimating Lens Market for 1000–1500 nm Wavelength to Grow at Highest CAGR During Forecast Period
Figure 21 Glass to Dominate Collimating Lens Market During Forecast Period
Figure 22 LED Light to Dominate Glass Collimating Lens Market During Forecast Period
Figure 23 Plastic Collimating Lens Market for LED Light to Grow at Highest CAGR During Forecast Period
Figure 24 1000–1500 Wavelength to Dominate Collimating Lens Market During Forecast Period
Figure 25 LED to Hold Largest Size of Collimating Lens Market for <1000 nm During Forecast Period
Figure 26 Collimating Lens Market for 1000–1500 nm for Laser to Grow at Highest CAGR During Forecast Period
Figure 27 LED to Dominate Collimating Lens Market for 1500–2000 nm During Forecast Period
Figure 28 LED to Dominate Collimating Lens Market for >2000 nm During Forecast Period
Figure 29 Light and Display Measurement to Dominate Collimating Lens Market During Forecast Period
Figure 30 Collimating Lens Market in China to Grow at Highest CAGR During Forecast Period
Figure 31 North America to Account for Largest Size of Collimating Lens Market During Forecast Period
Figure 32 North America: Collimating Lens Market Snapshot
Figure 33 Collimating Lens Market in US to Grow at Highest CAGR During Forecast Period
Figure 34 Europe: Collimating Lens Market Snapshot
Figure 35 Germany to Lead Collimating Lens Market in Europe During Forecast Period
Figure 36 APAC: Collimating Lens Market Snapshot
Figure 37 Collimating Lens Market in China to Grow at Highest CAGR During Forecast Period
Figure 38 South and Central America to Dominate Collimating Lens Market in RoW During Forecast Period
Figure 39 Organic and Inorganic Strategies Adopted By Companies Operating in Collimating Lens Market (2013–2018)
Figure 40 Market Ranking of Players (2018)
Figure 41 Lightpath Technologies: Company Snapshot
Figure 42 IPG Photonics: Company Snapshot


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SE 6720
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