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The global fiber optics collimating lens market is estimated at US$ 2.1 Bn experiencing a growth rate of 11.8% from 2022 to 2032. The industry is valued at US$ 554 Mn and US$ 677.4 Mn in 2021 and 2022 respectively. The growing awareness about the benefits offered by aspheric lenses over the traditional lenses is projected to be the key factor driving the market in the forecast period.
The rising investment in fiber optics is anticipated to augment the demand for fiber components, such as collimating lenses. The North American broadband service providers are likely to invest about US$ 60 Billion in fiber-to-the-home (FTTH) projects in the coming time.
Besides, telecommunication, BFSI, healthcare, and the healthcare sector are expected to be significant consumers of a collimating lens, thereby, driving the market in the forecast period.
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Also, the advent of 5G networks is expected to expand revenue methods, thereby, escalating the market growth in the coming time. In addition, the telecommunication industry and the growing demand for handling heavy data in logistics and manufacturing are likely to offer remunerative opportunities for expansion. On the contrary, the high manufacturing cost of aspheric lenses and the usage of cheap copper internet wire are estimated to hinder the market growth.
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:
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Future Market Insights, in its new offering, presents an unbiased analysis of the global fiber optics collimating lens market presenting a historical analysis from 2015 to 2021 and forecast statistics for the period of 2022-2032
Key Segments Covered In The Fiber Optics Collimating Lens Market
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