According to our latest research, the global Fast Axis Collimator Lenses (FACs) size is estimated to be USD 161.85 million in 2021 from USD 158.97 million in 2020, with a change of 1.81% between 2020 and 2021. The global Fast Axis Collimator Lenses (FACs) market size is expected to grow at a CAGR of 5.03% for the next five years.
Fast Axis Collimator Lenses (FACs) have high R&D costs and complex production processes. Therefore, the number of manufacturers that can be produced in the market is very limited, which leads to a very high market concentration. The main players in the market are LIMO (Focuslight), FISBA, Ingenric and Hamamatsu, which together accounted for 94.13% of the total global market in 2020. In the future, with the improvement of market demand and the continuous development and progress of technology, new companies will continue to enter the market, so the market concentration will gradually become more dispersed.
The Covid-19 outbreak in 2020 has also had a significant impact on Fast Axis Collimator Lenses (FACs). The quarantine measures during the epidemic have had a greater impact on the market supply chain, and market demand has declined to a certain extent. However, many countries have adopted timely prevention and control measures and popular vaccination, so the economy has recovered. Although the epidemic situation in many countries around the world has rebounded in 2021, the epidemic situation in most countries is under control. Therefore, the market is expected to rise in 2021 and return to normal growth in 2022.