January 30, 2023

The global cinema lenses market size is expected to gain momentum due to smartphone’s rising deman during the forecast period. This information is published by Fortune Business Insights™ in an upcoming report, titled, “Cinema Lenses Market, 2021-2028.” The introduction of powerful electronic cameras with PL frames has also had a significant impact on the global market in recent years. In addition, the introduction of cost-effective, elevated, and lightweight cinema lenses is expected to drive the market’s growth significantly over the assessment period. Market participants are currently concentrating their efforts on developing new cinema lens types in order to get a competitive advantage in the current market scenario. For instance, Canon Inc. received a 5 grade from the China Environmental United Certification Center (CEC) in November 2019 as part of the Green Supply Chain Rating Certification scheme.

COVID-19 Impact-

Government Restrictions to Hamper the Market

COVID-19 has had a significant influence on the film business, stopping production and forcing cinemas to close temporarily. During the COVID-19 epidemic, rigorous laws and restrictions prohibited the development of reality shows, TV content, and movies, drastically limiting the film industry’s earnings. As a result, sales of cinematographic lenses have decreased dramatically.

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Segments-

By lens design, the market is segmented into prime and zoom lenses. On the basis of application, the market is segregated into film industry, households, and others. On the basis of distribution channels, the market is categorized into offline and online. Finally, by geography, the market is divided into North America, Europe, Asia Pacific, South America, and the Middle East & Africa.

What does the Report Offer?

All important product categories, as well as application parameters, are referenced in detail in the report. Key player development qualities, sales overview, volume-based returns, and other factors are used to describe the product segment. End-use application scope and upgrades based on technology breakthroughs and consumer demand are also notably supported by the global market.

Drivers & Restraints-

Increasing Demand for Full Frame Lens to Stimulate Growth

During the projected period, the worldwide automotive cinema lenses market growth is expected to grow due to growing technology. As lens technology advances, customer demand for higher-quality images, graphics, movies, and photography has grown steadily. Fast-paced developments are happening across the market, thanks to significant improvements in image sensors and increasing usage of various types of sensors. This factor is projected to provide an essential part in boosting future growth. For instance, Sony announced in September 2019 that it plans to release a new 16-35 mm cinema lens in 2020 to accommodate a variety of filming styles and expand useful properties.

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REGIONAL INSIGHTS

Presence of Key Players to Promote Growth in North America

North America is expected to hold the largest global cinema lenses market share during the forecast period. The district’s population’s receptivity to cell device gadgets has resulted in a surge in demand for cinema lens-based cell phones. More than 90% of the population of the United States used cell phones as of May 2020. Sightseeing enthusiasts use modern cameras to capture a variety of images throughout landscapes.

Asia Pacific is expected to have a sizable share of the market. The Asia Pacific market’s faster growth can be attributed to growing shopper spending on travel, which has sparked demand for superior cinematic cameras. In addition, increasing the production rate of computerized cameras in countries like China and Japan typically supports the market’s growth in the area.

Competitive Landscape-

Increasing Number of Mergers to Create Opportunities for Market Growth

To extend penetration across attractive areas, the aforementioned firms in the cinema lenses sector use a combination of organic and inorganic techniques. Because there are so many top lens producers in different parts of the world, the worldwide cinema lenses industry is fiercely competitive. Several players in the current market environment are extremely motivated to develop new items with better functional needs to boost their industry position and increase their user base.

Industry Development-

  • February 2020: In India, Nikon Corporation, a Japanese optical products firm, developed two new full frames, Z mount style cine lenses, consisting of a standard zoom size of 24-70 mm and wide angle prime & STANDARD prime features.

List of Key Players Profiled in the Global Market for Cinema Lenses:

  • Schneider-Kreuznach
  • SIGMA Corporation
  • Canon USA
  • Adorama Camera
  • ATLAS LENS CO.
  • ANGENIEUX
  • Cooke Optics
  • Fujifilm Holdings Corporation
  • TH Swiss
  • Leica Camera AG
  • Rokinon
  • VANTAGE

 

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