Close

Search

Search Menu
Photonics Media Photonics Marketplace Photonics Spectra BioPhotonics EuroPhotonics Vision Spectra Photonics Showcase Photonics ProdSpec Photonics Handbook

Forecast Sees 45% Growth in Fiber Lens Market

Facebook Twitter LinkedIn Email Comments
APTOS, Calif., May 12, 2014 — The global market for fiber optic collimating lens assemblies is projected to grow at 45 percent per year through 2018, according to a study by ElectroniCast Consultants.

The global consumption of fiber optic collimator lens assemblies reached $264.2 million in 2013 and is forecast to reach $298.4 million this year, an increase of 12.9 percent. The American and Asia-Pacific regions are forecast to remain close in relative consumption value market share. The Europe, Middle East and Africa regional segment should see the fastest average annual growth rate, the consultancy said.

“Fiber optic collimator lens assemblies serve as a key indicator of the growth of the fiber optic communication component industry,” said Stephen Montgomery, director of the consultancy’s fiber optic component group.

The market study covered commercial (non-military) products including single-lens assemblies, two-to-12-lens arrays, and arrays with more than 12 lenses. Both of the lens array categories are forecast with strong growth rates of more than 45 percent per year from 2013 to 2018.

Single-lens fiber optic collimator assemblies hold the global market share lead in the selected optical communications applications covered by the study. The Asia Pacific region is currently the leader in consumption value of the fiber optic collimator lens assembly market, the consultancy said.

For more information, visit: www.electronicastconsultants.com.

Photonics.com
May 2014
AmericasAsia-PacificBusinessCommunicationsElectroniCast ConsultantsEuropefiber opticslight speedfiber optic collimating lens assemblies

Comments
back to top
Facebook Twitter Instagram LinkedIn YouTube RSS
©2020 Photonics Media, 100 West St., Pittsfield, MA, 01201 USA, [email protected]

Photonics Media, Laurin Publishing
x We deliver – right to your inbox. Subscribe FREE to our newsletters.
We use cookies to improve user experience and analyze our website traffic as stated in our Privacy Policy. By using this website, you agree to the use of cookies unless you have disabled them.