Global Collimating Lens Market to Reach USD 513.65 Million by 2031 | CAGR of 5.2%
Category : Semiconductor And Electronics | Published Date : Nov 2024 | Type : Press Release
Collimating Lens Market Scope & Overview:
In the newly published report, Consegic Business Intelligence states that the Collimating Lens Market size was valued at USD 341.70 million in 2023 and is projected to grow at a CAGR of 5.2%, reaching USD 513.65 million by 2031. Collimating lenses are precision optical devices used to produce parallel beams of light, essential for applications such as spectroscopy, laser cutting, and display measurement. These lenses offer high spatial resolution, minimize energy loss, and are widely utilized in the medical, automotive, and telecommunication sectors.
The report comprises the Collimating Lens Market Share, Size & Industry Analysis, based on Material (Glass, Plastic, Others), Light Source (LED, Laser, Others), Wavelength (Less than 1000 nm, 1000–1500 nm, 1500–2000 nm, More than 2000 nm), End-Use (Automobile, LiDAR, Medical, Light and Display Measurement, Spectroscopy, Interferometry, Others), and Region (North America, Europe, Asia-Pacific, Latin America, Middle East & Africa), and Forecast, 2024-2031.
The report contains detailed information on Collimating Lens Market Trends, Opportunities, Value, Growth Rate, Segmentation, Geographical Coverage, Company Profiles, In-depth Expert Analysis, Revenue Forecast, Competitive Landscape, Growth Factors, Restraints or Challenges, Environment & Regulatory Landscape, PESTLE Analysis, PORTER Analysis, Key Technology Landscape, Value Chain Analysis, and Cost Analysis.
Segmental Analysis :
Based on material, the market is segmented into Glass and Plastic.
- The glass segment accounted for the largest share in 2023 and is expected to grow at the fastest CAGR during the forecast period. Its high precision and durability drive its demand across various applications.
Based on light source, the market is bifurcated into LED and Laser.
- The LED segment held the largest market share in 2023, driven by its widespread use in automotive lighting and display measurement applications.
Based on wavelength, the market is segmented into Less than 1000 nm, 1000–1500 nm, 1500–2000 nm, and More than 2000 nm.
- The less than 1000 nm segment accounted for the largest share in 2023, supported by its extensive usage in medical devices and imaging systems.
Based on end-use, the market is segmented into Automobile, LiDAR, Medical, Light and Display Measurement, Spectroscopy, Interferometry, and Others.
- The automobile segment dominated the market in 2023, fueled by the increasing adoption of collimating lenses in automotive lighting systems.
- The LiDAR segment is anticipated to grow at the fastest CAGR, driven by the rising use of LiDAR in autonomous vehicles and mapping systems.
Based on regions, the market is segmented into North America, Europe, Asia-Pacific, Middle East and Africa, and Latin America.
- Asia-Pacific: Held the largest market share in 2023, driven by strong demand from consumer electronics and automotive industries.
- North America: Expected to grow significantly due to advancements in telecommunication and the adoption of optical technologies in various sectors.
| Report Attributes | Report Details |
| Study Timeline | 2018-2031 |
| Market Size in 2031 | USD 513.65 Million |
| CAGR (2024-2031) | 5.2% |
| Material | Glass, Plastic, Others |
| Light Source | LED, Laser, Others |
| Wavelength | Less than 1000 nm, 1000–1500 nm, 1500–2000 nm, More than 2000 nm |
| End-Use | Automobile, LiDAR, Medical, Light and Display Measurement, Spectroscopy, Interferometry, Others |
| By Region | North America(U.S., Canada, Mexico) Europe(U.K., Germany, France, Spain, Italy, Russia, Benelux, Rest of Europe) APAC(China, South Korea, Japan, India, Australia, ASEAN, Rest of Asia-Pacific) Middle East & Africa(GCC, Turkey, South Africa, Rest of MEA) LATAM(Brazil, Argentina, Chile, Rest of LATAM) |
Top Key Players & Competitive Landscape :
The Collimating Lens Market is characterized by intense competition, with companies focusing on product innovation and strategic collaborations.
The competitive landscape encompasses major innovators, aftermarket service providers, industry giants, and niche players, all of which are thoroughly examined by Consegic Business Intelligence in terms of their strengths, weaknesses, and value-addition potential. This report includes detailed profiles of key players, market share analysis, mergers and acquisitions, resulting market fragmentation, and emerging partnership trends and dynamics.
List of prominent players in the Collimating Lens Industry:
- Bodor (India)
- Ocean Optics (U.S.)
- Ingeneric GmbH (Germany)
- Avantes BV (Netherlands)
- IADIY Technology (Taiwan)
- LightPath Technologies Inc. (U.S.)
- IPG Photonics Corp. (U.S.)
- Edmund Optics Inc. (U.S.)
- Auer Lighting GmbH (Germany)
- Gooch & Housego PLC (UK)
Recent Industry Developments :
- March 2024: Coherent Corp launched a glass microlens array solution for beam collimation, addressing the rising demand for high-precision optics.
- May 2024: Aberlink Ltd. unveiled an automated collimated lightbox utilizing LED light sources for advanced applications in optical measurements.
- April 2024: ELEGOO introduced Saturn 4 Ultra, a 3D printer featuring Fresnel collimating lenses for smoother surfaces and enhanced printing precision.
