The global fiber optic collimating lens market size is anticipated to surpass a valuation of US$ 757.3 million in 2023. It is predicted to attain a valuation of US$ 2,394.5 million by 2033. The market is likely to register a monumental CAGR of 11.6% from 2023 to 2033.
High-performance fiber optic connections are necessary given the cloud computing industry’s and data centers’ explosive expansion. For effective data transport between servers and networking hardware, collimating lenses are utilized to direct light into and out of the fibers.
Collimating lenses are becoming increasingly necessary as data center infrastructure grows to accommodate the rising demand for processing and storage.
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Several sectors, including oil and gas, aircraft, manufacturing, and healthcare, employ fiber optic sensing devices. The light signals from the optical cables are launched and collected by these devices using collimating lenses. Fiber optic collimating lenses are in high demand due to their:
- High sensitivity
- Dependability
- Capacity to monitor and detect a wide variety of parameters, including temperature, pressure, strain, and chemical composition
Numerous scientific and commercial applications, such as spectroscopy, microscopy, laser systems, and optical testing equipment, depend on fiber optic collimating lenses. Researchers and engineers can precisely regulate the light beam with these lenses, allowing them to alter and analyze light for experiments and observations.
Medical tools and technologies including endoscopes, laser delivery systems, and optical coherence tomography (OCT) units make use of fiber optic collimating lenses.
For precise imaging, diagnostics, and surgical operations, these lenses assist concentrate and shape the light. The need for collimating lenses in the medical industry is growing as fiber optics are used in many operations and as medical technology develops.
Key Takeaways from the Fiber Optic Collimating Lens Market Report:
- The global fiber optic collimating lens market size expanded at a CAGR of 9.9% from 2018 to 2022.
- In 2018, the global market size stood at US$ 357.8 million.
- The market size accounted for US$ 677.4 million in 2022.
- In 2022, the fixed type segment captured a 62.4% share of the global market.
- In 2022, the <1000 NM segment garnered a 46.2% share of the global market.
- In 2022, the United States captured a 15.6% share of the global market.
- In 2022, the United Kingdom captured a 10.2% share of the global market.
- In 2022, China captured an 11.3% share of the global market.
- In 2022, Japan occupied a 7.8% share of the global market.
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Key Players Operating in the Global Market
- IPG Photonics Corporation
- AMS Technologies
- Fabrinet
- Coherent
- Thorlabs
Recent Developments Observed by FMI:
- SABIC introduced a new PEI resin in August 2021 that is appropriate for optical transceiver collimator lenses and guarantees alignment with single-mode fibers. SABIC encourages the adoption of single-mode fiber optics, a new data center infrastructure technology that allows for the quick transfer of substantial volumes of data across long distances.
- A new passively Q-Switched laser from Thorlabs with 500 PS pulses focused at 1030 nm was introduced in April 2021. The LIDAR, laser-induced breakdown spectroscope, and material processing are just a few of the applications made possible by the microjoule-level pulse energies generated at kHz repetition rates.
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Fiber Optic Collimating Lens Market Segmentation
By Type:
- Adjustable
- Fixed
By Mode:
- Single Mode
- Multi-mode
By Wavelength:
- <1000 NM
- 1000 to 1500 NM
- 1500 to 2000 NM
- >2000 NM
By Application:
- Communication
- Medical Diagnostic & Imaging
- Lasers and Detectors
- Metrology
- Spectroscopy and Microscopy
- Other Applications
By Lens Type:
- Aspheric
- GRIN
- Other
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- The Middle East & Africa (MEA)
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