The global collimating lens market is expected to be valued at US$ 298.4 million in market and growing at a CAGR of 19.5 % over the forecast period by 2022-2028. Collimating is a technique for precisely aligning light in a parallel pattern. This guarantees that the light has a small spread as it propagates, which is important and critical for light measurement. Collimating lenses guarantee that the light entering the instrument is parallel as well as precise results are obtained. Collimating lenses have a number of advantages over other lens types. The advantages of adopting aspheric lenses over typical spherical lenses in optics systems, as well as the benefits of collimating lenses in various applications, are driving the expansion of the collimating lens industry. Rapid advancements in LED lamp manufacture, and increased demand as well as popularity for a variety of optical instruments such as spectrometers, microscopes, and measuring displays, are likely fueling this market globally.

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Various advantages of using aspheric lenses in optical systems over traditional spherical lenses is a major reason estimated to propel the global collimating lens market forward throughout the forecast period. Other factors projected to support growth of the worldwide collimating lens market throughout the forecast period include rapidly expanding demand for collimating lenses across various end use applications such as medical, industrial, and others. Furthermore, a high level of security for enterprises necessitates the transmission of critical data on a regular basis. As a result of these factors, the fibre optics collimating market is expected to grow at a significant rate. The high cost of manufacture of aspheric lenses, on the other hand, is a major factor that is projected to restrain the worldwide collimating lens market's growth throughout the forecast period.

The collimating lens market on the basis of light source is categorized into laser, LED, and other. Based on material, the collimating lens market is bifurcated into glass and plastic. Based on wavelength, the collimating lens market is fragmented into 1000 nm, 1000–1500 nm, 1500–2000 nm and 2000 nm. In terms of end-user, the collimating lens market is divided into medical, spectroscopy, lidar, automobile, light and display interferometry, measurement, and others.

Due to the constantly increasing vehicle sector in this region, Asia-Pacific continues to lead the collimating lens market and it will remain to do so over the forecast period. However, due to rising demand for LED lighting systems and optical measurement systems, North America and Europe will experience the highest CAGR during this time period.

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the global collimating lens market segmentation:

• By Light Source: LED, Laser, Others
• By Material: Glass, Plastic, Others
• By Wavelength: 1,000, 1,000–1,500, 1,500–2,000, 2,000
• By End User: Automobile, Medical, LiDAR, Light and Display Measurement, Spectroscopy, Interferometry and Others

Some of the major key players in the Collimating Lens Market are LightPath Technologies, Inc. (US) Ocean Optics, Inc. (US) INGENERIC GmbH (Germany) TRIOPTICS GmbH (Germany) Avantes BV (Netherlands) Auer Lighting GmbH (Germany) IPG Photonics Corporation (US) Optikos Corporation (US) Optoelectronics Co. Ltd (UK) Thorlabs, Inc. (US)

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