Global Micro-Lens Arrays Market Estimated to be 293 Million $ in 2026 - QYResearch Report
QYResearch has published a new report on the global Micro-Lens Arrays market. The market for Micro-Lens Arrays was anticipated to grow from US$ 177.93 million in 2020 to US$ 292.86 million by 2026; it is expected to grow at a CAGR of 8.66% during 2020–2026.
Microlens arrays are commonly used for homogenizing and shaping a variety of modern light emitters ranging from a line-narrowed excimer lasers to high power LEDs.
Micro-lens arrays and complex Fresnel lenses have become a key element of any compact camera optics, and the evolution of smartphones and tablets is driving the demand for ever more advanced and miniaturized optics. In addition, micro-lenses are used in wave-front sensors, for fiber coupling, or for homogenizing light sources.
Global Micro-Lens Arrays Market- Key Players
Asahi Glass Co., Ltd (AGC), Jenoptik, LIMO GmbH, Nalux CO., LTD, VIAVI Solutions, NIL Technology, Ingeneric GmbH, Nippon Electric Glass Co., Ltd (NEG), Sumita Optical Glass, Inc, Axetris AG, PowerPhotonic, Isuzu Glass are some key suppliers of Micro-Lens Arrays globally. The industry is fragmented. AGC is the largest manufacturers of Micro-Lens Arrays currently. In 2019, the company owned 9.61% production share, followed by Nippon Electric Glass, who also accounted for about 6% share in the year.
Global Micro-Lens Arrays Market: Segmental Analysis
Aspherical Microlens Array and Spherical Microlens Array are key types supplied in the market. Aspherical Microlens Array has two flat and parallel surfaces and the focusing action is obtained by a variation of refractive index across the lens. Spherical Microlens Array focus light by refraction in a set of concentric curved surfaces. Such lenses can be made very thin and lightweight. They have grooves with stepped edges or multilevels that approximate the ideal shape. They have advantages in fabrication and replication by using standard semiconductor processes such as photolithography and reactive-ion etching (RIE). Currently, Aspherical Microlens Array owns the largest market share. In 2020, Aspherical Microlens Array type accounts for more than 62% market share.
Global Micro-Lens Arrays Market: Application Analysis
Micro-Lens Arrays can be widely used in various applications, including Telecommunications and IT, Automotive Industry, Solar Modules, Medical Industry, Others. Telecommunications and IT is the largest consumer of Micro-Lens Arrays, owning more than 60% consumption share. Micro-Lens Arrays in the Telecommunications and IT industry can be used as miniature projectors for laptops and cell phones.
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