Increased application of Collimating Lenses in the Medical and Automobile sector is Expected to Propel the Growth of The Global Collimating Lenses Market.

Published: Apr 2022

The global collimating lenses market is anticipated to grow at a considerable CAGR during the forecast years. The attributable factor for the growth of the market is the  increasing demand for a collimating lens for the use of display measurement. The collimating lenses can be used for measuring the alignment of the spot to get the improved and solid measurement. In addition, the collimating lenses are also used for light measurement. 

Browse the full report description “Global Collimating Lenses Market Size, Share & Trend Analysis Report by Light Source (LED, Laser, and Others), By Material (Glass, Plastic, and Others), By Application (Automobile, Medical, LiDAR, Light and Display Measurement, and Spectrometer), Forecast (2022-2028)” at https://www.omrglobal.com/industry-reports/collimating-lenses-market 

Furthermore, the use of collimating lenses in various medical devices for the X-Ray, gamma-ray, and neutron imaging as these types of radiations are hard to focus at one point directly from the source. The demand for the collimating lens for these medical devices has also increased the market. According to a report published by the Society of Photo-Optical Instruments Engineering (SPIE) in November 2020, Poly-capillary collimating lenses are specially designed mechanisms for X-Ray imaging in medical fields. This mechanism benefits more than the common X-Ray tubes such as resolution enhancements and rejection of Compton scattering. In addition, the increasing customer preference for cars with LED headlamps and heads-up displays (HUDs) has also propelled the sales and manufacturing of collimating lenses. The light from the LED source of the car’s headlight is focused on the road using the collimating lenses to provide better visibility. According to the paper published by the Optical Society of America (OSA) in 2020, it had proposed the designing and prototyping of a highly collimated lens for long-distance visibility using a LED light source. The designs were proposed for outdoor illumination for far distances. These factors are expected to propel the growth of the global collimating lenses market, however, the high manufacturing cost of aspheric lenses is expected to limit the market growth.

Market Coverage

  • The market number available for – 2022-2028
  • Base year- 2021
  • Forecast period- 2022-2028

Segment Covered- 

  • By Light Source
  • By Material
  • By Application

Regions Covered-

  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World

Competitive Landscape- Avantes BV, Ocean Optics, Inc., LightPath Technologies, INGENERIC GmbH, TRIOPTICS GmbH, and Others.

Key questions addressed by the report

  • What is the market growth rate?
  • Which segment and region dominate the market in the base year?
  • Which segment and region will project the fastest growth in the market?
  • How has COVID-19 impacted the market?

o Deviation from the pre-COVID-19 forecast

o Most affected region and segment

  • Who is the leader in the market?
  • How are players addressing challenges to sustain growth?
  • Where is the investment opportunity?

Global Collimating Lenses Market Report Segment

By Light Source

  • LED
  • Laser
  • Others (Xenon Lamps, Infrared Lights, and RGB)

By Material

  • Glass
  • Plastic
  • Others (Silica and Crystal)

By Material

  • Automobiles
  • Medical
  • LiDAR
  • Light and Display Measurements
  • Spectrometer

Global Collimating Lenses Market Report Segment by Region

North America

  • The US
  • Canada

Europe

  • UK
  • Germany
  • Italy
  • Spain
  • France
  • Rest of Europe 

Asia-Pacific

  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific 

Rest of the World

  • Latin America 
  • Middle East & Africa


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