What is Interchangeable Lenses Market Scope?
An interchangeable lens is the one that can be attached and detached from a (DSLR) digital single lens reflex camera or mirrorless cameras. The camera body of these cameras is equipped with the ability to interchange lenses and allows the user to employ a variety of creative shooting scenarios. Interchangeable lens market has high growth prospects owing to technological developments in the lenses. For instance, in 2019, Sony Corporation launched a new Full-frame 135mm F1.8, under their G Master Prime Lens series. And Canon announces the development of six new RF series interchangeable lenses, RF15-35mm F2.8 L IS USM, RF24-70mm F2.8 L IS USM, RF70-200mm F2.8 L IS USM, RF85mm F1.2 LUSM, RF85mm F1.2 L USM DS, and RF24-240 mm F4-6.3 IS USM with an aim to strengthen the capabilities of the EOS R System.
Influencing Trend:
Increasing Demand for Mirror less Cameras and Rising Demand from Fashion and Photography Industry
Market Growth Drivers:
Rapid Advancement Coupled With Innovation in Technology and Increasing Demand from Travel and Tourism Industry
Challenges:
Increasing Use of Smartphones as an Alternative
Restraints:
Issues Related With Compatibility of Interchangeable Lenses with Various Cameras and High Cost Associated with Interchangeable Lenses
Opportunities:
Rapid Digitization and Rising Customers Demand for Advanced Cameras and Increasing Demand from the Emerging Economies
The Interchangeable Lenses market study is being classified by Type (Fisheye Lens, Swinging Lens, Reflective Lens, Soft Focus Lens and Others), by Application and major geographies with country level break-up.
The number of players is present in the market hence fragmented nature of the market. Market players are focusing on the new product launch. For instance, in 2019, TAMRON Co., Ltd. announces the development of three lenses, 17-28mm F/2.8 Di III RDX for full-frame mirrorless cameras. And 35-150mm F/2.8-4 Di VC OSD and 35mm F/1.4 Di USD for full-frame DSLRs. And RICOH Imaging Company Ltd announces two new K mount lenses, Pentax full-frame 35mm F2 and Pentax-DA*11-18mm F2.8. Analysts at AMA predicts that Vendors from Japan will contribute to the maximum growth of Global Interchangeable Lenses market throughout the predicted period.
Sony Corporation (Japan), Canon Inc. (Japan), Olympus Corporation (Japan), Nikon Corporation (Japan), RICOH Imaging Company Ltd. (Australia), Samsung Electronics Co., Ltd. (South Korea), Kenko Tokina Co., Ltd. (Japan), TAMRON Co., Ltd. (Japan), Panasonic Corporation (Japan) and FUJIFILM Corporation (Japan) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Victor Company of Japan, Ltd. (Japan), Vitec Group plc (United States) and Kyocera Corporation (Japan).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Interchangeable Lenses market by Type, Application and Region.
On the basis of geography, the market of Interchangeable Lenses has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Influencers and their Development Strategies
25th September 2018, Panasonic, Leica & Sigma announced the strategic partnership. This collaboration will enable Sigma and Panasonic to use standard L-Mount lens of Leica for their products. and 28th September 2018, Vitec Group plc, provider of videography, photography, imaging equipment, and accessories announces the collaboration with Sony Corporation.
14th February 2019, Fujifilm Corporation releases FUJINON LENS XF16mmF2.8 R WR, a new compact and lightweight wide-angle lens., 14th February 2019, Nikon releases a standard zoom lens, NIKKOR Z 24-70mm f/2.8 S compatible with full-frame mirrorless cameras of Nikon Corporation. and 24th January 2019, Olympus Corporation announce the development of the M.Zuiko Digital ED 150-400mm F4.5 TC1.25x IS PRO super telephoto zoom lens. This will help the company to further expand its super telephoto product lineup.
Key Target Audience
Manufacturers of Interchangeable lenses, Digital Camera Manufacturers, Optical lens manufacturers, Individual consumers for personal photography, Research Centers, Potential Investors, Market Research and Consulting Firms and Others
Interchangeable Lenses Market Study: Important Years
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Major Highlights of Market Study
Demand Determinants: Identifying top-notch application and business segments that seek high growth potentials in Interchangeable Lenses Market.
Key Strategic Developments: To target untapped regions more aggressively by focusing on product/service developments, innovation and R & D, new launches, Merger & acquisitions, JVs & partnerships.
Forces & Market Dynamics: Growth drivers, restraints & opportunities available in Interchangeable Lenses industry is examined with reference relevant market sectors and sub-sectors.
Customization available in this Study:
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also includes significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets, To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.