Growing global demand for computer networking drives the demand for free-space communication, which is likely to boost the demand for fiber optic collimating lenses.


Global fiber optics 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.


The fiber optics collimating lens market witnessed a decline in the first two quarters of 2020, owing to the spread of COVID-19. The outbreak adversely impacted the supply chain of the market, as some of the prominent players are based in China and the US, which were the most affected countries by the pandemic in the first half of 2020.


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Aspheric lenses are used to eliminate spherical aberrations in a wide range of applications. These lenses have a unique shape, which allows them to deliver better optical performance and image quality than traditional spherical lenses. In traditional spherical manufacturing, the surface is defined by a single radius of curvature. The curvature can be ground and polished into the surface using large tools that work on the entire surface. Aspheric lenses are often used in applications that require an element to focus or collimate light.


Manufacturing and logistics sectors would benefit from fiber optics because of their operations and services, which are highly dependent on high-speed bandwidth. This sector needs to work on heavy data, such as the number of products manufactured, raw materials received, and bins in the warehouse. Fibers provide scalability; hence, during times of rapid expansion, a company can easily access near unlimited bandwidth and does not have to deal with additional monthly fees or service delays from the ISP.


Traditional internet wires are made of copper or other conductive materials. These wires use electricity as their medium of communication rather than light. Copper is a cheap and widely used component for network devices connection. Due to the high initial cost of deploying fiber optics in regions such as Africa and Latin America, these regions are still not fully fiber-based and require huge investments to change the entire internet infrastructure. Hence, developing nations are still using copper-based cables for signal transmission.