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Collimating Lens Market: 2021 By Analyzing the Performance of Various Competitors

Market Research Future published a research report on “Collimating Lens Market Research Report - Global Forecast to 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.

Market Overview: 

Globally, the collimating lens market is expected to have significant growth over the forecast period. The increasing need for advanced optical technologies that ensure energy-efficiency, better light quality, and durability acts as the major driving factor for the growth of collimating lens market globally. Among the diverse application areas of collimating lenses, automotive lighting is expected to be the largest contributor in the Collimating Lens Market. Many automobile manufacturers are increasingly adopting LED headlamps with collimating lenses to improve the usability and design of the vehicle headlamps.

Globally, the collimating lens market is expected to grow from USD 266.0 million in 2018 to USD 371.9 million by 2023, at a CAGR of 6.9% during the forecast period, 2018–2013.

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Collimating Lens Market – Segmentation

The global collimating lens Market is segmented into light source, material, wavelength, application area, and region/country.

  • By Light Source, the market is segmented into LED, Laser, and others.
  • By Material, the market is segmented into glass, plastic, and other materials.
  • By Wavelength, the market is segmented into <1000 nm, 1000-1500 nm, 1500-2000 nm, and >2000 nm.
  • By Application Area, the market is segmented into spectroscopy, lidar, medical, automobile, interferometry, light and display measurement, and others.
  • By Region, the market is segmented into North America, Europe, Asia-Pacific, and rest of the world.

Key Players

The prominent players in collimating lens market are Ocean Optics, Inc. (US), Trioptics GmbH (Germany), Auer Lighting GmbH (Germany), LightPath Technologies, Inc. (US), IPG Photonics Corporation (US), Avantes BV (The Netherlands), Ingeneric GmbH (Germany), Thorlabs, Inc. (US), Optikos Corporation (US), and The Optoelectronics Co. Ltd. (UK).

Global Collimating Lens Market – Regional Analysis

The global market for global collimating lens is estimated to grow at a significant rate during the forecast period from 2018 to 2023. The geographical analysis of the market is studied for North America, Europe, Asia-Pacific, and the rest of the world.

North America is presumed to have largest contribution in the collimating lens market. The region is considered as most advanced region in terms of development and adoption of innovative technologies in the field of optics. The region has a huge potential for revenue generation in the collimating lens market, particularly from automotive industry verticals. Asia-Pacific is anticipated to be the fastest growing region in the collimating lens market over the forecast period. The growing automotive industry in this region has surged the growth of collimating lens in the regional market. Increasing adoption of collimating lenses in LED headlamps of vehicles boosts growth of the market in this region.

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About Us:

Market Research Future (MRFR) is an esteemed company with a reputation of serving clients across domains of information technology (IT), healthcare, and chemicals. Our analysts undertake painstaking primary and secondary research to provide a seamless report with a 360 degree perspective. Data is compared against reputed organizations, trustworthy databases, and international surveys for producing impeccable reports backed with graphical and statistical information.

We at MRFR provide syndicated and customized reports to clients as per their liking. Our consulting services are aimed at eliminating business risks and driving the bottomline margins of our clients. The hands-on experience of analysts and capability of performing astute research through interviews, surveys, and polls are a statement of our prowess. We constantly monitor the market for any fluctuations and update our reports on a regular basis.

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