At a CAGR of 11.8%, the Fiber Optic Collimating Lens Market Shows a Positive Growth Outlook through 2032

The fibre optics collimating lens market is expected to reach US$ 2.1 billion by 2032, growing at a rate of 11.8%. In 2021 and 2022, the industry will be worth $554 million and $677.4 million, respectively. Aspheric lenses' advantages over conventional lenses are becoming more widely known, and this is anticipated to be the main driver driving the market throughout the forecast period.

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Additionally, the markets for communications, BFSI, healthcare, and the healthcare sector are anticipated to be the biggest users of a collimating lens during the projection period.

Additionally, the introduction of 5G networks is anticipated to broaden revenue streams, accelerating market growth in the future. Additionally, lucrative expansion chances are probably going to be provided by the telecommunications sector and the rising need for handling large amounts of data in logistics and manufacturing. On the other hand, it is predicted that the use of inexpensive copper internet line and the high manufacturing cost of aspheric lenses will impede market expansion.

Key Takeaways:

• The global fiber collimating lens market is estimated at USD 2.1 Bn expanding at a CAGR of 11.8% from 2022 to 2032
• The global fiber collimating lens market to value USD 677.4 Mn in 2022
• The Single Mode Segment to expand at 10.5% during the forecast period
• The Fixed Segment to record 10.5% from 2022 to 2032
• The U.S market to value USD 660 Mn, expanding at 11.1% during the assessment period
• Market in China to Value USD 151.9 Mn exhibiting a 10.9% growth rate

Competitive Landscape

Key players in the global fiber optics collimating lens market include AMS Technologies, IPG Photonics Corporation, Fabrinet, Thorlabs, Coherent, and others.

Recent key developments among players are:

• In 2019, the new Coherent HighLight FL-ARM with a fiber-to-fiber switch was launched which is a high-power (2-8 kW), dual-fiber output laser that can sequentially power two separate processes or workstations.
• In April 2021, Thorlabs rolled out a new passively Q-Switched laser producing 500 ps pulses centered at 1030 nm. The microjoule-level pulse energies produced at kHz repetition rates allow multiple applications, LIDAR, laser-induced breakdown spectroscope, and material processing.

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Key Segments Covered In The Fiber Optics Collimating Lens Market

By Type:

• Adjustable Fiber Optics Collimating Lens
• Fixed Fiber Optics Collimating Lens

By Mode:

• Single Mode Fiber Optics Collimating Lens
• Multi-Mode Fiber Optics Collimating Lens

By Wavelength:

• Fiber Optics Collimating Lens <1000 NM
• Fiber Optics Collimating Lens from 1000-1500 NM
• Fiber Optics Collimating Lens from 1500-2000 NM
• Fiber Optics Collimating Lens >2000 NM

By Application:

• Fiber Optics Collimating Lens for Communication
• Fiber Optics Collimating Lens for Medical Diagnostic & Imaging
• Fiber Optics Collimating Lens for Lasers and Detectors
• Fiber Optics Collimating Lens for Metrology
• Fiber Optics Collimating Lens for Spectroscopy and Microscopy
• Fiber Optics Collimating Lens for Other Applications

By Lens Type:

• Aspheric Fiber Optic Collimating Lenses
• GRIN Fiber Optic Collimating Lenses
• Other Fiber Optic Collimating Lens Types

By Region:

• North America Fiber Optic Collimating Lenses
• Europe Fiber Optic Collimating Lenses
• Asia Pacific Fiber Optic Collimating Lenses
• Middle East & Africa Fiber Optic Collimating Lenses
• Latin America Fiber Optic Collimating Lenses

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