Fiber Optics Collimating Lens Market Valued $1,081 million by 2026 - PowerPoint PPT Presentation

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Fiber Optics Collimating Lens Market Valued $1,081 million by 2026

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According to a research report "Fiber Optics Collimating Lens Market by Type (Fixed and Adjustable), Wavelength, Mode (Single Mode, Multimode), Application (Communication, Medical & Diagnostics, Metrology, Spectroscopy and Microscopy), and Geography - Global Forecast to 2026", published by MarketsandMarkets™, the global Fiber-Optic 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. – PowerPoint PPT presentation

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Title: Fiber Optics Collimating Lens Market Valued $1,081 million by 2026


1
MarketsandMarkets Presents

Fiber Optics Collimating Lens Market Valued
1,081 million by 2026 Fiber Optics Collimating
Lens Market by Type (Fixed and Adjustable),
Wavelength, Mode (Single Mode, Multimode),
Application (Communication, Medical
Diagnostics, Metrology, Spectroscopy and
Microscopy), and Geography - Global Forecast to
2026 https//www.marketsandmarkets.com/Market-Rep
orts/fiber-optics-collimating-lens-market-96574483
.html
2
According to a research report "Fiber Optics
Collimating Lens Market by Type (Fixed and
Adjustable), Wavelength, Mode (Single Mode,
Multimode), Application (Communication, Medical
Diagnostics, Metrology, Spectroscopy and
Microscopy), and Geography - Global Forecast to
2026", published by MarketsandMarkets, the
global Fiber-Optic 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. Browse 129 market data Tables and 50
Figures spread through 192 Pages and in-depth TOC
on "Fiber Optics Collimating Lens Market - Global
Forecast to 2026"
3
The demand for 5G networks and their
applications, such as cloud-based networking,
gaming, video streaming, etc., is increasing in
the telecom and networking industries. The
increased demand for high-speed internet with
proper connectivity can be assured by fiber
optics and its components, such as collimating
lenses. Growing demand for high-speed internet
will act as a foundation for more internet
connections, which is likely to boost the demand
for more advanced internet infrastructure, which
includes cables, connectors, fiber-optic
collimating lenses, and other several components.
Digital transformation is influencing almost
every industry, with volumes of data growing
rapidly. Intelligent networking of machines and
sensors requires data to be transmitted for
analysis and control purposes within a specific
radius, which can be fulfilled by a 5G-enabled
network. Ask PDF Brochure https//www.marketsand
markets.com/pdfdownloadNew.asp?id96574483 Accord
ing to Ookla, LLC (US), the number of 5G
deployments and 5G operators worldwide reached
18,731 and 157, respectively, in 2020. As per
MarketsandMarkets, there would be 250 million 5G
subscriptions by the end of 2021 and 2.9 billion
by 2026. Despite the unexpected events of 2020,
5G deployment and adoption kept increasing. Also,
the 5G ecosystem is broadening with the
accelerated pace of 5G during 2020 with the
deployment of many 5G networks and 5G-enabled
devices. 5G adoption is growing in momentum in
both domains networks and devices with over
150 5G devices launched commercially in 2020.
Thus, the rising demand for 5G networks is one of
the major drivers for market growth.
4
10001500 NM wavelength to dominate fiber-optic
collimating lens market during the forecast
period The 10001500 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 10001500 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. Request Free Sample Pages https//www.ma
rketsandmarkets.com/requestsampleNew.asp?id965744
83 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.
5
APAC to capture the largest share of fiber-optic
collimating lens market APAC is expected to hold
the largest share of the fiber-optic collimating
lens market during the forecast period. The
fiber-optic collimating lens market in APAC was
valued at USD 221.9 million in 2020 and is
expected to reach USD 468.4 million by 2026 it
is anticipated to grow at a CAGR of 13.7 between
2021 and 2026. Asian countries,
particularly China and India, are expected to
offer significant growth opportunities to the
manufacturers of fiber-optic collimating lenses
in the coming years. AMS Technologies AG, IPG
Photonics Corporation, Coherent, Fabrinet,
Thorlabs Inc, Daheng New Epoch Technology, Inc
(CDHC), Edmund Optics, FS.Com, and Gooch
Housego are the major players in this market. 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 with their company
profiles, recent developments, COVID-19
developments, and key market strategies.
6
Telecommunication industry to create lucrative
opportunities Fibers help telecommunication
companies expand their existing networks by
reaching more users and transferring more data to
offer better speed and capacity. Rather than
adding new strands of fiber optics to an existing
network, network service providers install more
fiber than needed to fulfill bandwidth
requirements. This is done so that they can
expand operations using these fiber cables in the
future. These fibers save time, reduce costs, and
future-proof networks against the rising demand
for higher bandwidth capacity. These fibers also
allow smaller telecom companies to offer services
to customers, giving them an opportunity to
compete on a small scale, even with huge national
telecom outfits. The installation of fibers
allows telecommunication companies to maximize
their efficiency, as the creation of a
fiber-optic network involves heavy investments
and planning. For instance, in 2020, a report by
the FTTH Council Americas claims that the value
of a residential property can appreciate by USD
5000 if a fiber connection is a part of the
property. In the age of internet-based
businesses, traditional models of real estate
appraisals have changed, and the physical
location of the business might not be as
important if it has the right internet
connection. Hence, the increasing demand for
fiber optics, especially in residential areas, is
expected to create lucrative opportunities for
the players targeting the communication
application.
7
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8
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