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The global interchangeable lens market size 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 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 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 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 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.
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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.
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)
As per Fortune Business Insights study, the global Interchangeable Lens market held a shipment of 19.2 Million Units in 2017 and it is anticipated to grow at a CAGR of 2.6% during the forecast period (2019 -2026). Increasing adoption in of lens in industry over the forecast period.
In the market, SLR/DSLR is the leading camera type segments. Mirror less camera type segment is expected to grow during forecast period. Zoom lenses offer high-quality images, which is likely to encourage photographers and professionals to invest in them
The Interchangeable Lens market is estimated to reach 21.9 Million Units by 2026. The advent of touch screen technology and a higher zoom range in interchangeable lens cameras are expected to drive the market’s growth. Other new features such as high-quality video recording, wireless connectivity, Bluetooth, GPS and others are stimulating growth in the market
Increase in the demand of special lenses is driving the interchangeable lens market. As Special lenses that are manufactured for capturing devices are setting trends and also are influencing the imaging industry to shift towards smart age.
North America is expected to hold the highest market share in the interchangeable lens market. 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.
Key vendors in the Interchangeable Lens market are Canon Inc, Nikon Corporation, Schneider Optische Werke GmbH and Sony Corporation. These players are aiming towards enhancing product quality and new technology development.