Camera Lens Market 2021 Global Industry Size, Demand, Growth Analysis, Share, Manufacturers and Forecast 2026

A Latest market research report added to repository of “MarketInsightsReports” is an in-depth analysis of the Global Camera Lens Market. On the basis of historic growth analysis and current scenario of the Camera Lens market place, the report intends to offer actionable insights on global market growth projections. Authenticated data presented in report is based on findings of extensive primary and secondary research. The deep understanding of multiple aspects of Camera Lens market. This further helps user with their developmental strategy.

The camera lens market was valued at USD 4.28 billion in 2020 and is expected to reach USD 6.19 billion by 2026, registering a CAGR of 6.5% during the forecast period (2021 - 2026).

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Top Key Players in the Global Camera Lens Market are Largan Precision Co. Ltd, Sunny Optical Technology (Group) Company Limited, Kantatsu Co. Ltd, Genius Electronic Optical Co. Ltd, SEKONIX Co. Ltd, IM Co. Ltd, AAC Technologies Holdings Inc. AAC Technologies Holdings Inc., Ability Opto-Electronics Technology Co. Ltd, Sunex Inc., Tamron Co. Ltd, Haesung Optics Co. Ltd and others. 

Industry News and Update:

- May 2019 - AAC technologies and longcheer invested RMB 6 billion for the expansion of Nanning electronic information industry project. AAC Technologies invested RMB 5 billion in Nanning to expand the optical module industry project, with businesses including but not limited to, the R&D and manufacturing of optical modules, the upstream and downstream devices, innovation and research zone for the production, the study and commercialization of optical technology.

- June 2019 - Tamron has released a 1/3 5-50mm F/1.6 lens (Model: M13VG550IR) for a wide variety of applications including city/street and traffic/vehicle surveillance. The current version of 5-50mm lens has a standard Telephoto Vari-Focal lens with excellent high-fidelity and high-sensitivity.

Key Market Trends:

Mobile Phone Cameras are Expected to Hold Significant Share

- Smartphones nowadays have become a device, common with a dual primary camera setup where some players have gone to the extent of integrating triple quad or more cameras within a single device. These developments have profoundly impacted the demand for camera lens in the smartphone market. Incremental innovations in developing security applications, such as facial-recognition within a smartphone, are also generating robust demand for high-performance camera lens in the smartphone sector.
- To gain and improve market shares in the mobile devices market, smartphone manufacturers have been focusing on improving on the offered features to attract the customers. Owing to evolving consumer demands, mobile lens OEMs/ODMs have also been continuously investing in innovations and new developments.
- The improved processing speed and RAM/ROM have further helped the camera vendors use software to provide enhanced image capturing and processing capabilities. Wide-angle cameras, monochromatic camera, and depth capturing camera are newly being adopted by the mobile manufacturers with the prices declining for these products.

Regional Analysis:

Asia-Pacific Region Occupies the Largest Market Share

- Growing adoption of consumer electronic devices in Asia-Pacific countries is contributing to the market’s growth positively. According to Zenith estimates, five markets had smartphone penetration approximately above 90% in 2018, which includes Netherlands (94%), Taiwan (93%), Hong Kong (92%), Norway, and Ireland (each at 91%). China was expected to have the highest number of smartphone users (around 1.3 billion), followed by India, with approximately 530 million users. Such statistics indicate the potential of the region camera lens.
- Growing demand for consumer electronics in India has also contributed to the growth of the regional market. According to the Federation of Indian Chambers of Commerce and Industry (FICCI), electronics demand in India is estimated to register a CAGR of 25% during 2012-2020.
- Huawei, a China-based company, launched an Android smartphone that uses dual-camera technology to let owners refocus photos after they have been taken. The feature is being implemented by the collaboration between the Chinese tech firm and German camera-maker Leica.

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Highlights of TOC:

Market Overview: It starts with product overview and scope of the Global Camera Lens market and later gives consumption and production growth rate comparisons by application and product respectively. It also includes a glimpse of the regional study and Camera Lens market size analysis for the review period 2016-2026.

Company Profiles: Each company profiled in the report is assessed for its market growth keeping in view vital factors such as price, Camera Lens market gross margin, revenue, production, markets served, main business, product specifications, applications, and introduction, areas served, and production sites.

Manufacturing Cost Analysis: It includes industrial chain analysis, manufacturing process analysis, the proportion of manufacturing cost structure, and the analysis of key raw materials.

Market Dynamics: Readers are provided with a comprehensive analysis of Camera Lens market challenges, influence factors, drivers, opportunities, and trends.

Market Forecast: Here, the Camera Lens report provides consumption forecast by application, price, revenue, and production forecast by product, consumption forecast by region, production forecast by region, and production and revenue forecast.                              

Key questions answered:

- Which are the key market players operating in the global Camera Lens market?
- What are the key concerns of the five forces analysis of the Global Camera Lens market?
- Which are the factors driving the growth of the key players?
- Which are the key driving factors likely to propel the global Camera Lens market growth?
- Which are the latest trends and business strategies adopted by the key players to survive in both the regional and global platform?

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