About Lens Converters
Everyone wants to draw nearer when shooting wildlife, and one of the most reasonable methods for doing this is to purchase a Lens converter. It is gadget or device which is used to improve the capabilities of the camera without breaking the bank is also used to add lens magnification, it extends the functionality of cameras by adding the focal length range of your lens. Lens Converters are a brilliant choice for hobbyists who want to explore photography. Growing popularity to explore photography among individuals is driving market growth
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that Japan Vendors will contribute the maximum growth to Global Lens Converters market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Canon (Japan), Fujifilm (Japan), kenko global (Japan), Lensbaby (United States), Nikon (Japan), mtf services (United Kingdom), Olympus (Japan) and Panasonic(Japan) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Lens Converters market by Type (Wide Converter, Fish Eye Converter and Macro Converter), Application (Fast-action, Sports, Wildlife photography and Other (Film making)) and Region.
On the basis of geography, the market of Lens Converters 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).
Influencing Trend:
Demand from Photographers Increasing
Market Growth Drivers:
Increasing Demand in Wildlife Photography and Rising Inclination of Photography as a Profession in Teenage
Challenges:
Availability of Substitute Present In Market
Restraints:
Lens Converters Are Prone Of Lens Distortion
Opportunities:
Advancements in Lens Technologies for Cameras
Market Leaders and their expansionary development strategies
In February 26th, 2019, SIGMA launched 11 new prime L-Mount lenses for their popular Art series. The new lens lineup covers focal lengths from 14mm to 135mm with minimal apertures of f/1.4 or f/1.8. Additionally, SIGMA has announced the MC-21 mount converter, which will enable using SIGMA EF mount or SA mount lenses on L-Mount camera bodies.
In September 2019 Sigma global debuted the new lens converter named SIGMA MOUNT CONVERTER MC-31 it uses PL mount lenses on L- mount Cameras. Use of this mainly required in filmmaking industries. It displayed its production version in IBC 2019. Moreover, it offers several benefits such as shim adjustment, metal construction for durability, tripod socket, and it’s suitable for various shooting conditions.
Key Target Audience
Manufacturers, Suppliers and Distributors, Venture Capitalists and Private Equity Firms, New Entrants/Investors, Strategic Business Planners, Government Regulatory, Research Organizations and End-Use Industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.