The latest research study “Camera Lens Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global camera lens market reached a value of US$ 4.68 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 6.77 Billion by 2027, exhibiting a CAGR of 6.10% during 2022-2027.
A camera lens, also known as a photographic lens, is an optical device set up on the body of the camera. Some commonly available camera lenses include prime, zoom, wide-angle, standard, and specialty lenses. They are made with a series of convex or concave glass plates and rely on several descriptors, such as speed, aperture width, magnification, angle width, focal length, and depth of field, to enhance the quality of a photograph. It also allows adequate light to pass through it for capturing a sharp photo. As a result, camera lenses find extensive applications across the automotive, healthcare, and consumer electronics industries.
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Camera Lens Market Trends and Drivers:
The market is primarily driven by the escalating demand for high-performance camera lenses in the automobile industry for heads-up displays (HUDs), backup camera systems, rearview optics, and location-sensing devices. In addition, the advent of multi-camera smartphones, which allow customers to capture high-quality images and videos, is contributing to the market growth.
Moreover, key market players are introducing mirrorless cameras with developed features to achieve higher product differentiation. This, coupled with various technological advancements in digital cameras, such as faster processors, image stabilization, and increasing speed and storage capacity, is providing a positive thrust to the market growth. Besides this, the increasing adoption of lenses with a wide aperture for portrait or product photography is accelerating product demand.
Along with this, medical professionals are extensively investing in augmented reality (AR) to increase flexibility during interventional procedures, which represents another major growth-inducing factor. Furthermore, governments of various countries are encouraging the implementation of enhanced lenses in driverless cars, which is also creating a positive market outlook.
Global Camera Lens Market 2022-2027 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Camera Lens Companies:
AAC Technologies Holdings Inc., Ability Opto-Electronics Technology Co. Ltd., Canon Inc., FUJIFILM Corporation, Genius Electronic Optical Co. Ltd., Haesung Optics Co. Ltd., Largan Precision Co. Ltd., Nikon Corporation, Panasonic Corporation, Samsung Electronics Co. Ltd., SEKONIX Co. Ltd., Sony Corporation and TAMRON Co. Ltd.
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The report has segmented the market on the basis of region, type, distribution channel and application.
Breakup by Type:
- Built-in Lens
- Interchangeable Lens
- Prime Lens
- Wide Angle Lens
- Mid-Range Lens
- Telephoto Lens
- Others
Breakup by Distribution Channel:
- Online
- Offline
Breakup by Application:
- Consumer Electronics
- Mobile
- AR/VR/MR
- Others
- Automotive
- Medical
- Others
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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