Collimating Lens Market worth $380 million by 2023

According to the new research report "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 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%. The growth of this market is mainly driven by several factors, such as advantages of collimating lenses in various applications and benefits of using aspheric lenses over traditional spherical lenses in optics systems.  

Browse 34 market data Tables and 42 Figures spread through 113 Pages and in-depth TOC on "Collimating Lens Market - Global Forecast to 2023"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/collimating-lens-market-12889947.html

LED light source to hold largest share of collimating lens market by 2023

LED light source is expected to hold the largest share of the collimating lens market by 2023. The solid-state lighting based on light-emitting diodes (LEDs) is the most efficient source of the white light of high color quality. The use of LED lighting systems can lead to 5 times lesser energy consumption than that of collimating lens systems in which conventional fluorescent lamps are used. Increase in demand for led headlamp in automobile to drive the growth of led collimating lens market

Collimating lens market for glass material to grow at highest CAGR from 2018 to 2023

The refractive index of glass ranges from 1.5 to 1.9, while it ranges from 1.5 to 1.74 for plastics. 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 as laser printers, optical disc storage devices, and optical communications systems.

Rising demand for collimating lenses from various end use applications to boost the market growth in APAC during forecast period

The collimating lens market in APAC is expected to grow at the highest CAGR during the forecast period. APAC is the leading market for collimating lenses for automobile and LIDAR applications, with the major demand driven by countries such as China and India. APAC is expected to provide ample opportunities to the collimating lens market growth during the forecast period as all major OEMs have established their manufacturing units in this region. The growing preference for the vehicles equipped with LED headlamps, in turn, boosts the sales and production levels of collimating lenses in this region

Key players in the market include

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) are a few major players in the collimating lens market. These players are increasingly undertaking product launches & developments; agreement, and contracts; expansion; and acquisitions to develop and introduce new technologies in the market.

Don’t miss out on business opportunities in Collimating Lens Market. Speak to our analyst and gain crucial industry insights that will help your business grow.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]

Report Code
SE 6720
PR Published ON
11/2/2018
Choose License Type
BUY NOW
  • SHARE
X
Request Customization
Speak to Analyst
Speak to Analyst
OR FACE-TO-FACE MEETING
PERSONALIZE THIS RESEARCH
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
REQUEST A FREE CUSTOMIZATION
LET US HELP YOU!
  • What are the Known and Unknown Adjacencies Impacting the Collimating Lens Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
REQUEST A FREE WORKSHOP
ADJACENT MARKETS
REQUEST BUNDLE REPORTS
ONLINE CHAT
+1-888-600-6441
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
CONNECT WITH US
ABOUT TRUST ONLINE
© MarketsandMarkets Research Private Ltd. All rights reserved
...

Digital Virtual Assistant - MarketsandMarkets

Home