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Global Market for Cinema Lenses Expected to Rise at a 5.4% CAGR from 2022 to 2031, Reaching US$ 2.47 Billion: TMR Report

WILMINGTON, DE / ACCESSWIRE / May 26, 2023 / Transparency Market Research Inc. - The global cinema lenses market was is likely to garner a robust CAGR of 5.4% from 2022 to 2031. In 2021, the market for cinema lenses was estimated at US$ 1.49 billion, and by the end of 2031, it is anticipated to reach US$ 2.47 billion.

https://storage.googleapis.com/accesswire/media/757015/Cinema-Lenses.jpg

The worldwide market for cinema lenses is benefiting from the increase in demand for lens in the media and entertainment sector. The global market for high-end cinematic lenses is anticipated to be driven by an increase in customer demand for films of various genres. During the forecast period, sensor technology as well as optical imagery integration in cinema lenses is projected to support the growth of the cinema lenses market.

Producers in the worldwide camera lens market are concentrating on creating cutting-edge, reasonably priced cinematic lenses for mobile photography in order to increase their income. It is projected that in the near future, new developments in goods that attain high resolution and traditional picture representation with reduced contrast will present profitable prospects for industry participants.

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Market Snapshot:

Report Coverage Details
Market Revenue US$ 1.49 Bn
Estimated Value US$ 2.47 Bn
Growth Rate - CAGR 5.4%
Forecast Period 2023-2031
No. of Pages 250 Pages
Market Segmentation Product Type, Resolution, Category, End User, Application, Focal Length, Price, Distribution Channel
Regions Covered North America, Europe, Asia Pacific, Middle East & Africa, South America
Companies Covered Angenieux, ARRI AG, Canon Inc, Carl-Zeiss AG, DZOFILM Inc, FUJIFILM Corporation (Fujinon), Cooke Optics Ltd, Laowa Lenses (Venus Optics), Leica Camera AG, Samyang Optics, Schneider Optics Inc, Sigma Corporation, Sony Corporation, Shanghai Moki Tech LLC (Spirit Lab), Kowa Optimed Inc

Key Findings of Market Report

  • The primary lenses for single vision are anticipated to account for the greatest portion of the global cinema lenses market.
  • In 2021, the 4k market controlled a sizable portion of the whole market.
  • It is expected that Asia Pacific would have the largest proportion of the worldwide market for cinema lenses.

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The Global Market for Cinema Lenses: Key Trends

  • The single vision/prime lenses category is anticipated to have the greatest share of the worldwide cinema lenses market throughout the projected period due to their widespread availability and low cost. These lenses are built on a certain number of fixed parameters, as opposed to the constantly fluctuating parameters seen in camera zoom lenses.
  • In 2021, the 4k market controlled a sizable portion of the whole market. The category is anticipated to keep holding the market's top spot over the projection period due to the rising demand for outstanding digital content throughout the world.

Global Cinema Lenses Market: Regional \Outlook

  • The greater market share of the North American area is related to the significant presence of well-known businesses in nations like the United States and Canada, including Canon USA Inc., Tamron Canada, Adorama Camera Inc., and others.
  • There is a high demand for smartphones with built-in cinema lenses due to the region's population's easy access to smartphones. Over 90% of Americans will have access to smartphones by May 2020, according to research provided by the International Journal of Environmental Research and Public Health.
  • During the projected period, Asia Pacific is expected to have a sizable market share for cinema lenses, driven by the region's rapidly expanding media and entertainment sector. In the upcoming years, it is projected that an increase in film production in nations like China, India, South Korea, and Japan would fuel demand for cinema lenses in the area.

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Global Cinema Lenses Market: Key Players

Some of the key players in the global cinema lenses market are:

  • AngĂ©nieux
  • ARRI AG
  • Canon Inc.
  • Carl-Zeiss AG
  • DZOFILM Inc.
  • FUJIFILM Corporation (Fujinon)
  • Cooke Optics Ltd
  • Laowa Lenses (Venus Optics)
  • Leica Camera AG
  • Samyang Optics
  • Schneider Optics Inc.
  • Sigma Corporation
  • Sony Corporation
  • Shanghai Moki Tech LLC. (Spirit Lab)
  • Kowa Optimed Inc.
  • Angelcare Monitors
  • Dorel Industries Inc.
  • Hisense

Some developments by the key players in the global market for cinema lenses are:

  • A cine lens-based camera with a new full-frame and E-mount 16-35mm lens was unveiled by Sony Corporation in 2019. It gives cinematographers exceptional optical performance, dependable operability, as well as intelligent shooting features.
  • Two innovative full-frame, Z mount type cine lenses with the wide-angle prime as well as standard prime characteristics were released in India in 2020 by the Japanese optical goods business Nikon Corporation.
  • Zeiss introduced Supreme Prime 15 mm T1.8, a brand-new cinematic lens, to the market in April 2022. This high-quality item is portable and adaptable. The product launch's main goal is to satisfy the film industry's rising demand. The lens has helped cinematographers all across the world produce high-quality episodic content.

Global Cinema Lenses Market Segmentation

  • Product Type
    • Single Vision/Prime Lenses
    • Zoom Lenses
  • Resolution
    • 2k
    • 4k
    • Others (6k, 8k, etc.)
  • Category
    • Entry-class
    • Medium-class
    • High-end-class
  • End User
    • Amateur
    • Professional
  • Application
    • Documentary Films
    • Environmental Films
    • Animated Films
    • Short Films
    • Feature Films
    • Others
  • Focal Length
    • Wide-angle [14-35 mm]
    • Normal [35-70 mm]
    • Medium Telephoto [70-135 mm]
    • Telephoto [>135 mm]
  • Price
    • Low
    • Medium
    • High
  • Distribution Channel
    • Online
    • Offline
  • Region
    • North America
    • Europe
    • Asia Pacific
    • Middle East & Africa
    • South America

About Transparency Market Research

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Contact:

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Transparency Market Research Inc.
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SOURCE: Transparency Market Research Inc.



View source version on accesswire.com:
https://www.accesswire.com/757015/Global-Market-for-Cinema-Lenses-Expected-to-Rise-at-a-54-CAGR-from-2022-to-2031-Reaching-US-247-Billion-TMR-Report

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