"Smart Strategies, Giving Speed to your Growth Trajectory"
Region : Global | Latest Update: Jul, 2019 | Published Date: Jun, 2019 | Report ID: FBI100677| Status : Published
The global interchangeable lens market accounted for total shipments of 18.2 Million Units in 2018, is projected to have 21.9 Million Units by the end of 2026, exhibiting a CAGR of 2.6%.
The global Interchangeable Lens Market is anticipated to have significant growth during the forecast period, owing to the growth of the digital and the mirrorless cameras. A significant trend is observed in the mirrorless cameras segment, as a result of the shift from the DSLR cameras to mirrorless cameras. Additionally, companies manufacturing interchangeable lens are more focusing on developing unique technologies that can be used across the mirrorless cameras.
The zooms lens segment held the highest share in the market in 2018, due to the increasing adoption of zoom lens by all the types of photographers – beginners, enthusiasts, and professionals across the globe. A telephoto lens is also estimated to provide a significant opportunity for the photographers of the wildlife and sports events as it is used for bringing distant scenes and subjects closer.
Increase in the demand of special lenses is driving the interchangeable lens market
Special lenses that are manufactured for capturing devices are setting trends and also are influencing the imaging industry to shift towards smart age. Special lenses which included fish-eye and tilt-shift lens are projected to have a substantial growth rate during the forecast. This is mainly due to the growing popularity of the wide panoramas of landscapes and the sky, and for shooting close-up subjects such as crowds, interiors, and architecture by the photographers.
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Presence of strong players is driving the Asia Pacific interchangeable lens market
Asia Pacific had the highest sales of a total of 8.4 Million units of interchangeable lenses in 2018 and is expected to have 9.9 Million unit shipments by 2026. With the presence of strong and prominent players such as Canon Inc., Sony Corporation, Nikon Corporation and Panasonic Corporation, Asia Pacific is anticipated to dominate the global interchangeable lens market. According to the Camera & Imaging Products Association (CIPA), Canon Inc., Nikon Corporation and Sony Corporation held more than 80% in 2018. These companies are aiming in refining its diverse imaging technologies based on its core optical technology, in order to expand and create an even stronger Electro-Optical System (EOS) that offers new avenues of image capture to meet the needs of increasingly diverse users and to promote the ever-growing photo and video culture.
North America XX Market, 2017
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Rapid advancements, coupled with innovation in technology such as higher zoom range and telephoto, are anticipated to fuel industry growth.
The report provides qualitative and quantitative insights on the interchangeable lens market and detailed analysis of market size & growth rate for all possible segments in the market. The market has been segmented by focal length, camera type, lens type, and geography. By focal length, the interchangeable lens market is categorized into lenses having a focal length equal to 35mm & larger than 35mm and smaller than 35mm. Based on the camera type, the interchangeable lens market is segmented into SLR/ DSLR and mirrorless cameras. On the basis of lens type, the market is bifurcated into zoom lenses, prime lenses, telephoto lenses, special lenses, macro lenses and others. Geographically, the market is segmented into five major regions, which are North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The regions are further categorized into countries.
Along with this, the report provides an elaborative analysis of the market dynamics and competitive landscape. Various key insights provided in the report are the price trend analysis, recent industry developments such as mergers & acquisitions, the regulatory scenario in key countries, SWOT analysis, and emerging market trends.
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By Focal Length
· Equal to 35mm and Larger than 35mm
· Smaller than 35mm
By Camera Type
By Lens Type
· Zoom Lens
· Prime Lens
· Telephoto Lens
· Special Lens
· Macro Lens
· North America (the USA, Canada and Rest of North America)
· Europe (UK, Germany, France, Italy, Spain and Rest of Europe)
· Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
· Latin America (Brazil, Mexico and Rest of Latin America)
· Middle East & Africa (South Africa, GCC and Rest of the Middle East & Africa)