DUBLIN--(BUSINESS WIRE)--The "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 has been added to ResearchAndMarkets.com's offering.
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. Growing demand for collimating lenses in various applications and increasing importance of fiber optics collimating lenses provide lucrative opportunities for the players in the collimating lens market. However, high manufacturing cost of aspheric lenses restraint the collimating lens market growth.
LED light source accounted for the largest share of the collimating lens market in 2017. 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. Energy saving, long lifespan, compact volume, high color-rendering index, and environmental benefits are the major advantages of laser- and LED-based collimating lenses over lamp-based collimating lenses.
The automobile segment accounted for the largest share of the collimating lens market in 2017. There is an increasing demand for collimating lenses in the automobile segment owing to the increasing adoption of LED headlamps in different types of vehicles. The market for LED headlamps is expanding from high-end vehicle to mid-range vehicles. Hence, increasing penetration of LED headlamps in automobiles provides growth opportunities for the collimating lens market.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
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
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
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
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
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
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
10.1 Introduction
10.2 North America
10.3 Europe
10.4 Asia Pacific
10.5 Rest of the World
11 Competitive Landscape
11.1 Introduction
11.2 Market Player Ranking Analysis (2018)
12 Company Profiles
- AMS Technologies AG
- Auer Lighting GmbH
- Avantes Bv
- Axetris AG
- Bentham Instruments Limited
- Broadcom Limited
- Casix, Inc.
- Edmund Optics Inc.
- Fisba AG
- Hamamatsu Photonics K.K.
- IPG Photonics Corporation
- Ingeneric GmbH
- Lightpath Technologies, Inc.
- Ocean Optics, Inc.
- Optikos Corporation
- Opto-Line, Inc.
- The Optoelectronics Co. Ltd.
- Thorlabs Inc.
- Trioptics GmbH
- Ushio Inc.
For more information about this report visit https://www.researchandmarkets.com/research/lfdwf7/collimating_lens?w=4
