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What's Fuels the Revenue Growth of Collimating Lens Market? LightPath Technologies, Ocean Optics, Ingeneric, TRIOPTICS

03-30-2020 10:47 AM CET | Industry, Real Estate & Construction

Press release from: Allied Market Research

What's Fuels the Revenue Growth of Collimating Lens Market?

Collimating Lens Market Outlook-2026

The process of collimating involves aligning of light or particles in a parallel line. In case of light measurement, collimating ensures that the light has a minimal spread as it propagates. In instruments such as spectrometers, colorimeters, or light meters, light that enters the instrument should be parallel to get accurate readings. Hence, collimating lenses are used in these instruments to obtain accurate readings.

Collimating lens have a wide range of applications in various industrial sectors such as automobile, medical, LiDAR, light and display measurement, and spectrometer.

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The major factors that drive the growth of the collimating lens market include several advantages of collimation of light such as adjusting the rectangular field for illumination resulting in its wide range of applications in various industrial segments and benefits of using aspheric lenses over traditional spherical lenses in optics systems. However, the high manufacturing cost of aspheric lenses is expected to restrain the market growth. Each of these factors is anticipated to have a definite impact on the collimating lens market during the forecast period.

The market of collimating lens is highly competitive and the key strategies adopted by the key players are new product launch, product development, business expansion, merger, and acquisition. INGENERIC is one of the key players in the collimating lens market. For instance, In January 2018, INGENERIC has launched a new collimation module named C-SMDB for single-mode diode bars. This resulted in the improved brightness and opens new fields of applications for laser manufacturers. The new arrays are produced with the precision glass molding process and hence they achieve high degrees of collimation.

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The major companies profiled in the global collimating lens industry include LightPath Technologies Inc., Ocean Optics Inc., Ingeneric GmbH, TRIOPTICS GmbH, Avantes BV, Auer Lighting GmbH, IPG Photonics Corporation, Optikos Corporation, The Optoelectronics Co. Ltd, Thorlabs Inc., and others.

The collimating lens market is segmented based on light source, material, wavelength, end use, and region.

Based on light source, it is bifurcated into LED and Laser. Based on material, it is categorized into glass and plastic. By wavelength, it is divided into 2,000. Based on end use, the market is segmented into automobile, medical, LiDAR, light and display measurement, and spectrometer. Based on region, the market is analyzed across Europe, Asia-Pacific, North America, and LAMEA.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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