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
The overall collimating lens market is likely to grow from USD 289 million in 2018 to USD 380 million by 2023, at a CAGR of 5.7%. The market is driven by increasing demand for high-end microscopy systems in various applications, and technological advancements in microscopes are the key factors driving the growth of the market. Growing demand for collimating lenses in various applications, and increasing importance of fiber optics collimating lenses are expected to provide substantial growth opportunities to players in the market.
LED light source to dominate collimating lens market during forecast period
Solid-state lighting fixtures/devices equipped with LEDs lamps are the most efficient source of white light of high-quality. The use of LED lighting systems can lead to five-times less energy consumption compared to that consumed by the collimating lens systems using conventional fluorescent lamps. This boosts the adoption of LEDs in light and display measurement, spectrometer, and automobile applications.
“Glass material to grow at highest CAGR for collimating lens market during the forecast period”
The glass segment holds a major share and is expected to grow at the highest CAGR of the market during the forecast period. Higher the refractive index of material, more is the time taken by light to travels through it. Refractive index is the ratio of the speed of light in vacuum to its speed in the lens material. With the reduced speed of light, it gets refracted more while passing through the lens material. Glass materials have high refractive index ranges with greater density than plastic materials. Hence, greater density of glass material to drive demand for glass collimating lens market.
“Automobile end use to hold the largest share of the collimating lens market”
Automobile manufacturers constantly strive to make their products unique by differentiating their vehicles from those offered by their competitors. Automobile manufacturers are adopting advanced lighting technologies, such as LED and laser, for providing advanced headlamp technology to differentiate their product from other competitors, which helps drive the market. Hence, increasing penetration of LED headlamps for automobile provides opportunities for market.
“Collimating lens market in APAC is expected to grow at highest CAGR during forecast period”
APAC is expected to be the fastest-growing market for collimating lenses. In APAC, the automobile segment is playing a major role in the growth of the market. Increasing adoption of LED headlamps in various vehicles, from high-end to mid-range, in turn, provides opportunities for the market. Hence Asian countries, particularly China and India, are expected to offer significant growth opportunities to the manufacturers of collimating lenses.
Key Market 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), Optoelectronics Co. Ltd(UK), and Thorlabs, Inc. (US) are among a few major players in the market. A few of the major strategies adopted by these players to compete in the market include mergers and acquisitions, and product launches to develop and introduce new technologies and products in the market. Other players operating in the collimating lens market are AMS TECHNOLOGIES AG (Germany), Axetris AG (Switzerland), Broadcom Limited (US), Bentham Instruments Limited (UK), Casix, Inc. (China), Edmund Optics Inc. (US), Fisba AG (Switzerland), Hamamatsu Photonics K.K. (Japan), Opto-Line, Inc. (Japan), and Ushio Inc. (Japan).
Scope of the Report :
Market size available for years
Value (USD Million) and Volume (Million Units)
Material, Wavelength, Light Source, and End Use
Geographic regions covered
North America, APAC, Europe, and RoW
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 report categorizes the market based on material, wavelength, light source, end use, and region.
Collimating Lens Market, by Light Source:
- Others (xenon lamp, Infrared light, and RGB)
Collimating Lens Market, by Material:
- Others (Crystal and silica, among other)
Collimating Lens Market, by Wavelength:
Collimating Lens Market, by End Use:
- Light and Display Measurement
- Others (Environmental sensing, gas detection systems, communication, and agriculture measurement & monitoring system among others)
Collimating Lens Market, by Region:
- North America
- Rest of Europe (Russia, the Netherlands, Spain, Finland, and other East European countries)
- Asia Pacific (APAC)
- South Korea
- Rest of APAC (Australia, Indonesia, Singapore, Malaysia, Thailand, Taiwan, and Vietnam, among others)
- Rest of the World (RoW)
- The Middle East and Africa
- South and Central America
Major market developments
- In July 2018, INGENERIC (Germany) expanded its production capacities for the manufacturing of micro-optics set for further growth in Germany.
- In February 2018, INGENERIC (Germany) launched new microlens arrays with shorter focal lengths and a higher number of lenses per wafer. The company develops customized arrays and commercializes their use in serial production.
- 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 market can explore?
- Who are the key market players, and how intense is the competition?
- How inorganic growth strategies implemented by key players will impact the growth rate of the market, and who will have the undue advantage?
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
1.3 Study Scope
1.3.1 Markets Covered
1.3.2 Years Considered
2 Research Methodology (Page No. - 17)
2.1 Research Data
2.1.1 Secondary Data
22.214.171.124 Major Secondary Sources
126.96.36.199 Key Data From Secondary Sources
2.1.2 Primary Data
188.8.131.52 Primary Interviews With Experts
184.108.40.206 Breakdown of Primaries
220.127.116.11 Key Data From Primary Sources
18.104.22.168 Key Industry Insights
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
22.214.171.124 Approach for Capturing Market Size By Bottom-Up Analysis (Demand Side)
2.2.2 Top-Down Approach
126.96.36.199 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 Market (2018–2023)
4.2 Market, By End Use
4.3 Market, By Light Source and Region
4.4 Market, Geographic Analysis
5 Market Overview (Page No. - 34)
5.2 Market Dynamics
188.8.131.52 Advantages of Collimation of Light in Various Applications
184.108.40.206 Benefits of Using Aspheric Lenses Over Traditional Spherical Lenses in Optics Systems
220.127.116.11 High Manufacturing Cost of Aspheric Lenses
18.104.22.168 Growing Demand for Collimating Lenses in Various Applications
22.214.171.124 Increasing Importance of Fiber Optics Collimating Lenses
126.96.36.199 Restriction of Hazardous Substances (ROHS) Compliance
6 Collimating Lens Market, By Light Source (Page No. - 38)
6.2.1 Increase in Demand for LED Headlamp in Automobile to Drive the Growth of LED Collimating Lens Market
6.3.1 Benefits Such as High Intensity and Monochromaticity are Expected to Shoot Demand for Laser Light Sources
7 Collimating Lens Market, By Material (Page No. - 47)
7.2.1 Greater Density of Glass Material to Drive Demand for Glass Market
7.3.1 Low-Quality Plastics are Limiting Growth of Plastic Market
7.4 Other Materials
8 Collimating Lens Market, By Wavelength (Page No. - 52)
8.2 <1000 nm
8.2.1 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 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 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)
9.2.1 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
9.3.1 Increasing Use of Collimating Lens in Various Medical Equipment
9.4.1 Increasing Penetration of Lidar Technology in Various Applications to Provide Growth Opportunities for Market
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
9.7.1 Need for Interferometry in Evaluation of Displacement and Irregularities in Flat and Spherical Surfaces Will Boost Market Growth
10 Collimating Lens Market, Geographic Analysis (Page No. - 63)
10.2 North America
10.2.1.1 US Accounted for Largest Size in Market in North America
10.2.2.1 Market in Canada is Expected to Witness Significant Growth in Coming Years
10.2.3.1 Rapidly Expanding Automotive Manufacturing in Mexico is Expected to Provide Prospects to Market
10.3.1.1 Growing Presence of Optics Component Manufacturers in Germany is Expected to Drive Market Growth
10.3.2.1 Increasing Demand for Medical Equipment in UK is Propelling Demand for Collimating Lenses
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
10.3.4.1 Sophisticated Healthcare Infrastructure in Italy Raises Demand for Collimating Lenses
10.3.5 Rest of Europe
10.4 Asia Pacific
10.4.1.1 China Accounted for Largest Share of Market in APAC
10.4.2.1 Increasing Adoption of LED Headlamps in Japan Due to Presence of Large Number of Car Manufacturers Drives Market Growth
10.4.3.1 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 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 Market in Middle East
11 Competitive Landscape (Page No. - 80)
11.2 Market Player Ranking Analysis (2018)
11.2.1 Product Launches/Developments
11.2.2 Agreements and Contracts
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 Market, 2015–2023
Table 2 Market, By Light Source, 2015–2023 (USD Million)
Table 3 Market for LED, By Wavelength, 2015–2023 (USD Million)
Table 4 Market for LED, By Material, 2015–2023 (USD Million)
Table 5 Market for LED, By Region, 2015–2023 (USD Million)
Table 6 Market for Laser, By Wavelength, 2015–2023 (USD Million)
Table 7 Market for Laser, By Material, 2015–2023 (USD Million)
Table 8 Market for Laser, By Region, 2015–2023 (USD Million)
Table 9 Market for Others, By Wavelength, 2015–2023 (USD Million)
Table 10 Market for Others, By Material, 2015–2023 (USD Million)
Table 11 Market for Others, By Region, 2015–2023 (USD Million)
Table 12 Market, By Material, 2015–2023 (USD Million)
Table 13 Market for Glass, By Light Source, 2015–2023 (USD Million)
Table 14 Market for Plastic, By Light Source, 2015–2023 (USD Million)
Table 15 Market for Other Materials, By Light Source, 2015–2023 (USD Million)
Table 16 Market, By Wavelength, 2015–2023 (USD Million)
Table 17 Market for <1000 nm, By Light Source, 2015–2023 (USD Million)
Table 18 Market for 1000–1500 nm, By Light Source, 2015–2023 (USD Million)
Table 19 Market for 1500–2000 nm, By Light Source, 2015–2023 (USD Million)
Table 20 Market for >2000 nm, By Light Source, 2015–2023 (USD Million)
Table 21 Market, By End Use, 2015–2023 (USD Million)
Table 22 Market, By Region, 2015–2023 (USD Million)
Table 23 Market in North America, By Country, 2015–2023 (USD Million)
Table 24 Market in North America, By Light Source, 2015–2023 (USD Million)
Table 25 Market in Europe, By Country, 2015–2023 (USD Million)
Table 26 Market in Europe, By Light Source, 2015–2023 (USD Million)
Table 27 Market in APAC, By Country, 2015–2023 (USD Million)
Table 28 Market in APAC, By Light Source, 2015–2023 (USD Million)
Table 29 Market in RoW, By Region, 2015–2023 (USD Million)
Table 30 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 Market Segmentation
Figure 2 Market: Process Flow of Market Size Estimation
Figure 3 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 Market During Forecast Period
Figure 9 1000–1500 nm Wavelength to Dominate Market During Forecast Period
Figure 10 Market for Glass to Grow at Highest CAGR During Forecast Period
Figure 11 Market for Automobile to Grow at Highest CAGR During 2018–2023
Figure 12 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 Market in 2017
Figure 16 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 Market During Forecast Period
Figure 19 1000–1500 nm Wavelength to Dominate LED-Based Market During Forecast Period
Figure 20 Laser-Based Collimating Lens for 1000–1500 nm Wavelength to Grow at Highest CAGR During Forecast Period
Figure 21 Glass to Dominate Market During Forecast Period
Figure 22 LED Light to Dominate Glass Market During Forecast Period
Figure 23 Plastic Collimating Lens for LED Light to Grow at Highest CAGR During Forecast Period
Figure 24 1000–1500 Wavelength to Dominate Market During Forecast Period
Figure 25 LED to Hold Largest Size of Market for <1000 nm During Forecast Period
Figure 26 Market for 1000–1500 nm for Laser to Grow at Highest CAGR During Forecast Period
Figure 27 LED to Dominate Market for 1500–2000 nm During Forecast Period
Figure 28 LED to Dominate Market for >2000 nm During Forecast Period
Figure 29 Light and Display Measurement to Dominate Market During Forecast Period
Figure 30 Market in China to Grow at Highest CAGR During Forecast Period
Figure 31 North America to Account for Largest Size of Market During Forecast Period
Figure 32 North America: Market Snapshot
Figure 33 Market in US to Grow at Highest CAGR During Forecast Period
Figure 34 Europe: Market Snapshot
Figure 35 Germany to Lead Market in Europe During Forecast Period
Figure 36 APAC: Market Snapshot
Figure 37 Market in China to Grow at Highest CAGR During Forecast Period
Figure 38 South and Central America to Dominate Market in RoW During Forecast Period
Figure 39 Organic and Inorganic Strategies Adopted By Companies Operating in Market (2013–2018)
Figure 40 Market Ranking of Players (2018)
Figure 41 Lightpath Technologies: Company Snapshot
Figure 42 IPG Photonics: Company Snapshot
The study involved four major activities in estimating the current size of the market. 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 the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. After that, market breakdown and data triangulation methods were used to estimate the market size of segments and subsegments.
The research methodology used to estimate and forecast the market begins with capturing data on revenue of key vendors in the market through secondary research. This study incorporates the use of extensive secondary sources, directories, and databases, such as Hoovers, Bloomberg Businessweek, Factiva, and OneSource to identify and collect information useful for the technical, market-oriented, and commercial study of the collimating lens market. Vendor offerings have also been considered to determine the market segmentation. This entire research methodology includes the study of annual and financial reports of top players, presentations, press releases, journals, paid databases, trade directories, regulatory bodies, and safety standard organizations.
The collimating lens market comprises several stakeholders, such as suppliers of raw material and manufacturing equipment; standard components, original equipment manufacturers (OEMs); original device manufacturers (ODMs) of collimating lens; solutions providers; vendors of assembly, testing, and packaging solutions; and system integrators in the supply chain. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. Following is the breakdown of primary respondents.
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 market. These methods have also been used extensively to estimate the size of various market subsegments. The research methodology used to estimate the market size includes the following:
- Key players in major industries areas and markets were identified through extensive secondary research.
- The industry’s supply chain and market size, in terms of value, were determined through primary and secondary research processes.
- All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.
After arriving at the overall market size—using the estimation processes as explained above—the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation, and market breakdown procedures were employed, wherever applicable. The data have been triangulated by studying various factors and trends from both the demand and supply sides. The market has also been validated using both top-down and bottom-up approaches.
- To define, describe, and forecast the overall collimating lens market, in terms of value, segmented based on 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 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 (drivers, restraints, opportunities, and challenges) influencing market growth of the market
- To analyze opportunities in the market for stakeholders by identifying the high-growth segments
- 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 competitive developments such as product launches, mergers and acquisitions, agreements and contracts, and expansions in the market
Along with the market data, MarketsandMarkets offers customizations according to a company’s specific needs. The following customization options are available for the report:
- Detailed analysis and profiling of additional market players (Up to 5)