Collimator Market: Global Industry Analysis and Forecast (2023-2029)

The Collimator Market was valued at US$ 192.24 Mn. in 2022. Global Collimator Market size is estimated to grow at a CAGR of 9.36%.
Collimator Market Overview:
A collimator is an instrument, which is basically used to focus on a narrow light beam of waves or particles. It is also used to reduce the spatial cross section of a beam of light to make it narrower. It is used in applications like optical testing, nuclear power stations, and x-ray machines, among many other applications. Collimators are optical systems. It is used to imitate standard targets placed in optical infinity. It is also used for projection of image of reference targets into direction of tested imagers.To know about the Research Methodology :- Request Free Sample Report

In the market, collimators are available in into two formats, which are reflective collimators and refractive collimators. Reflective collimators are exclusively used in systems for testing thermal imagers and are also preferable in systems testing TV cameras, SWIR imagers, laser systems or multi-sensor surveillance systems because of their wide spectral range. The Refractive collimators are used in systems for testing night vision devices or TV cameras, which is working in visible/near infrared range.
Collimator Market Dynamics:
The collimator market growth is driven by its wide scale adoption in applications such as in optical testing, nuclear power stations, X-ray machines and many other applications. The collimator offers benefits of collimation of light in a variety of applications. An increase in demand for collimating lenses, significance of fibre optics collimator device, usages of collimators as a telescope in spectrometer devices and ongoing technological advancements in medical imaging technology are some of the prominent factors behind the market growth. On the other hand, high manufacturing cost of collimators and inability to use collimators in remote sensing applications are some of the factors, which are expected to limit the market growth.

Collimator Market Segment Analysis:
The parallel holes collimator segment has dominated the market in 2022 and is expected to continue its dominance during the forecast period. Parallel holes collimator is the most widely used type of collimator. It includes a lead plate in which all the holes are in parallel to each other. The parallel hole collimators are further divided into three types such as low energy all-purpose (LEAP), medium- and high energy and low energy high-resolution (LEHR) collimators. A surge in the adoption of parallel holes collimators in nuclear medicine imaging application to restrict the imaging field of view and to get extremely important data regarding the radioactivity distribution are expected to boost the market growth.

Industrial Radiography: Contribute Major Share

Industrial Radiography segment is expected to grow more than 6.25% rate of CAGR during the forecast period. The demand for industrial radiography is increasing because of incidence of chronic diseases such as liver, cancer, and cardiovascular diseases. Additionally, investment by government and public organizations towards diagnosis and treatment of cancer are expected to pave way for innovations in the medical imaging. The burden of chronic diseases are increasing at a rapid rate, which drive the need for industrial radiography. The industrial radiography procedures help to detect accurate diagnosis of chronic diseases. In radiology, a collimator is used to limit a beam of X-rays, gamma rays, or nuclear particles to the dimensions and angular spread for specific medical application.

The automobile industry: Drive the demand for Collimator

The automobile industry is expected to grow at a more than 4.25% rate of CAGR during the forecast period. An increase in adoption of advanced lighting technologies in vehicles, such as LED and laser for headlamps by key players to introduce their product differently from competitors are expected to drive the demand for collimator. An increase in penetration of LED headlamps for automobiles, adoption of collimator based led lighting systems in the automobile industry to reduce energy consumption over conventional fluorescent lamps are expected to drive the market growth in the near future.
Regional Insights:
Asia Pacific: Hold the dominant position

The Asia Pacific is emerging market for collimator. The Asia Pacific collimator market growth is driven demand for collimator devices in fiber optics and in spectrometer devices as a telescope. In the region, developing economies like hina, Japan, India, and South Korea are the main contributors. The collimators are widely used in in medical imaging and industrial radiography. Key players are gradually stepped up their investment in innovations and marketing across the region. New developments in collimator have impacted strongly on single aspect in the applications like medical imaging, radionuclide imaging, scintillation imaging, nuclear power station, calibration of optical devices, industrial radiography and others.

The objective of the report is to present a comprehensive analysis of the global Collimator Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also help in understanding the Collimator Market dynamic, structure by analyzing the market segments and projecting the Collimator Market size. Clear representation of competitive analysis of key players by Application, price, financial position, product portfolio, growth strategies, and regional presence in the Collimator Market make the report investor’s guide.
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Global Collimator Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2022-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 192.24 Mn.


Forecast Period 2023 to 2029 CAGR:
9.36%
Market Size in 2029:
US $ 359.64 Mn.


 Segments Covered:
by Type
Pin Hole Collimator
Parallel Hole Collimator
Convergent Collimator
Divergent Collimator
Slanthole Collimators
Fanbeam Collimators
Others


by Application
Medical Imaging
Radionuclide Imaging
Scintillation Imaging
Nuclear Power Station
Calibration of Optical Devices
Industrial Radiography
Others


by End User
Automobile
Interferometer
Medical
Spectroscopy
Display measurement



Collimator Market by Region
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
North America (United States, Canada and Mexico)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Key Players are:
1. Thorlabs, Inc.
2. Optics Technology Inc.
3. Innovent Technologies Trioptics
4. Holmarc Opto-Mechatronics (P) Ltd.
5. Light Path Technologies, Inc.
6. Ocean Optics, Inc.
7. McPherson
8. Plansee
9. Nuclear Fields
10. AMS Technologies AG
11. Chrosziel GmbH
12. HAAG-STREIT GROUP
13. INGENERIC GmbH
14. TRIOPTICS GmbH
15. Avantes BV
16. Auer Lighting GmbH

Frequently Asked Questions:

1] What segments are covered in the Collimator Market report?
Ans. The segments covered in the Collimator Market report are based on Type, End user, and Application.

2] Which region is expected to hold the highest share in the Collimator Market?
Ans. The Asia Pacific region is expected to hold the highest share in the Collimator Market.

3] What is the market size of the Collimator Market by 2029?
Ans. The market size of the Collimator Market by 2029 is US$ 359.64 Mn.

4] What is the forecast period for the Collimator Market?
Ans. The forecast period for the Collimator Market is 2023-2029.

5] What was the market size of the Collimator Market in 2022?
Ans. The market size of the Collimator Market in 2022 was US$ 192.24 Mn.