Sarasota, FL -- (SBWIRE) -- 01/14/2019 -- Global Collimating Lens Market: Overview

Collimating lenses are optical lenses that assist in making the light parallel that enters a spectrometer unit. These lenses usually support in controlling the field of view, collection competence, and spatial resolution of their units along with arranging illumination and collection angles for sampling. The global collimating lens market is highly competitive and fragmented, owing to the existence of numerous companies. Several players are vying to surpass their rivals by setting up enhanced technological up gradation to their associated equipment and collimating lens on a regular basis. With several players entering the collimating lens market, the number is rising on a daily basis. This increased competition is expected to forcing the key market players to implement new market strategies and launch innovative products. Several companies are targeting the development of specific regional market to increase their revenue in the global market in the years to come.

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Global Collimating Lens Market: Growth Factors

Collimating lenses offer several benefits as compared to other various lens types in various applications, primarily in the expansion of optic systems. This is the primary growth factor that is likely to drive the collimating lens market in the future. Furthermore, the advantages of utilizing aspheric lenses that usually fall under the umbrella of collimating, instead of conventional spherical lenses, are another factor likely to fuel the expansion of the collimating lens market in the upcoming years. On the other hand, rapid developments in the manufacturing of LED lamps are anticipated to propel the development of the collimating lens market over the forecast timeframe. In addition, the growing demand and popularity for a wide variety of optical devices, such as microscopes, spectrometer, and measurement displays, is likely to further fuel this market across the globe.

Global Collimating Lens Market: Segmentation

The global collimating lens market is categorized into application, light source, and material. By application, the collimating lens market is categorized into medical, automobile, light and display measurement, LiDAR, spectrometer, and others. On the basis of light source, this global market is bifurcated into laser and LED. By material, the collimating lens market includes plastic, glass, and others (silica and crystal).

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Global Collimating Lens Market: Regional Analysis

By region, this global market is primarily divided into Asia Pacific, North America, the Middle East and Africa, Europe, and Latin America. The Asia Pacific region is likely to dominate in the forecast timeline, owing to the rapidly developing automobile sector of the region, in which optical systems are required. Furthermore, increasing inclinations for automobiles that are generally equipped with LED headlamps are expected to propel the collimating lens market in the Asia Pacific region. The North American and European markets for collimating lens are anticipated to show good growth in the years ahead. This can be primarily attributed to the increasing demand and popularity of LED lighting systems and optical measurement systems, which are utilized for various applications. The collimating lens market in the Middle East and Africa and Latin America are projected to register a sluggish rate of growth in the future.

Global Collimating Lens Market: Competitive Players

Some most important market players of the global collimating lens market are Ocean Optics, LightPath Technologies, TRIOPTICS, INGENERIC, Auer Lighting, Avantes, Optikos Corporation, IPG Photonics, Thorlabs, and The Optoelectronics, among others.

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