The global fiber optics collimating lens market size is projected to grow from USD 554 million in 2021 to USD 1,081 million by 2026; it is expected to grow at a CAGR of 13.3% from 2021 to 2026. Growing global demand for computer networking drives the demand for free-space communication, which is likely to boost the demand for fiber-optic collimating lenses.
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1000–1500 NM wavelength to dominate fiber optic collimating lens market during the forecast period
The 1000–1500 nm range is expected to hold a major share of the fiber-optic collimating lens market, and the market for the same is expected to grow at the highest CAGR during the forecast period. Fiber-optic collimating lenses with wavelength range from 1000–1500 nm have a major demand, as such lenses are widely used for various end-use applications such as spectroscopy and light & display measurement, among others.
Communication to hold the largest share of fiber optic collimating lens market in 2021
Fiber-optic collimating lenses are used in communication, medical diagnostics & imaging, lasers and detectors, metrology, microscopy & spectroscopy, and others (display applications, cytometry, artificial intelligence, and LiDAR). The communication segment holds the largest market share owing to the increasing demand for digitalization and the growing need for being connected. The fiber-optic collimating lens market for communication was valued at USD 209.0 million in 2020 and is expected to reach USD 392.0 million by 2026; it is anticipated to grow at the highest CAGR of 11.7% during the forecast period. The growing demand for fiber in the communication application is the key driver for the growth of this segment.
APAC held the largest market for the fiber optic collimating lens market in 2026
China is one of the world’s largest and fastest-growing economies, with a huge consumer electronics industry and large population base, coupled with increasing per capita income. China’s large-scale industrialization has led to the growing need for laser interferometers. OEMs are continuously looking to improve the production processes in automotive manufacturing through precision measurement, which is expected to drive the laser interferometer market in China. The country is among the world’s largest automotive manufacturers and a leading producer of consumer electronics. The Chinese government has approved in-house production of commercial aircraft, which includes large passenger planes. China designs and manufactures jets, which would, in turn, create a huge opportunity for the laser interferometer market in the country. Therefore, the growth in demand for laser interferometry in the country is likely to boost the demand for its supporting components, including fiber-optic collimating lenses. Therefore, growth of fiber-optics collimating lens in China is likely to accelerate the market’s growth in APAC.
Key Market Players
The fiber-optic collimating lens market is dominated by a few globally established players such as AMS Technologies AG, IPG Photonics Corporation, Coherent, Fabrinet, Thorlabs Inc, Daheng New Epoch Technology, Inc (CDHC), Edmund Optics, FS.Com, and Gooch & Housego. The report also profiles the companies such as TRIOPTICS, SCANLAB GmbH, Rochester Precision Optics, LightPath Technologies, CeramOptec, Fiberguide Industries, Inc., OZ Optics, Ltd., Avantes, and Laser Mechanisms.
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Benefits of using aspheric lenses over traditional spherical lenses in optics systems
Aspheric lenses are used to eliminate spherical aberrations in a wide range of applications. These lenses have a unique shape, which allows them to deliver better optical performance and image quality than traditional spherical lenses. In traditional spherical manufacturing, the surface is defined by a single radius of curvature. The curvature can be ground and polished into the surface using large tools that work on the entire surface. Aspheric lenses are often used in applications that require an element to focus or collimate light. Aspherical surfaces on collimating and focusing lenses provide improved performance over traditional spherical surfaces in high-power industrial fiber laser and direct diode laser systems. Aspherical optics reduce spherical aberration, resulting in smaller spot size, uniform spot shape, and greater depth of focus.