- Rise in the product demand from the media & entertainment industry is expected to lead to expansion of the cinema lenses market at a CAGR of 5.4% during 2022-2031
- The existence sizable media & entertainment industry in Asia Pacific is projected to drive significant demand opportunities in the regional market
WILMINGTON, Del., Nov. 8, 2022 /PRNewswire/ -- The global cinema lenses market is estimated to reach a value of US$ 2.47 Bn by the end of 2031, states assessment by Transparency Market Research (TMR). In addition, the study finds that the market for cinema lenses is expected to grow at a CAGR of 5.4% during the forecast period, from 2022 to 2031.
Companies are investing heavily in R&Ds in order to develop products that can provide superior quality and realistic images, notes a TMR review that delivers insights on the key trends in the cinema lenses market. This aside, players are using strategies of mergers, acquisitions, and product portfolio expansions in order to stay ahead of the competition, state analysts of a TMR assessment that delivers thorough analysis of different statistics including the size of cinema lenses market.
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Cinema Lenses Market: Key Findings
- Over the period of past few years, the global media & entertainment industry is being witnessing growth at substantial pace. Organizations in this industry are focusing on the use of next-gen cinema lenses so as to deliver improved theatrical experience to their viewers. This factor is projected to boost the demand for cinema lenses market during the forecast period, according to analysis by TMR.
- The adoption of different types of cinema lenses including telephoto lenses and full frame cine lenses is being rising in creation of films. This aside, there has been a surge in the trend of advertising and commercialization of different types of products from varied industry verticals. Hence, professional cinematographers are inclining toward the use of highly advanced cinema lenses. This factor, in turn, is boosting the sales of cinema lenses market.
- Zoom lenses and single vision/prime lenses are some of the key product types available in the market today. Of them, the demand for single vision/prime lenses is being increasing in the recent years owing to their several advantages including cost-effectiveness and easy availability. As these lenses are developed with predetermined fixed parameters instead of constantly changing ones, these lenses are able to deliver high level of video and photo quality. This aside, the defined focal length of prime lenses assists in offering advanced level of image quality. Owing to these advantages, the single vision/prime lenses segment of the cine prime lenses market is projected to expand at significant pace during the forecast period.
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Cinema Lenses Market: Growth Boosters
- Rapid growth of the media & entertainment industry globally is boosting the demand for different types of cinema lenses
- Rise in the incorporation of technological advancements during the manufacturing of cinema lenses is propelling global market
Cinema Lenses Market: Regional Analysis
- The market players are expected to gain profitable prospects in Asia Pacific during the forecast period owing to the presence of huge media & entertainment industry in the regional nations including India
- Increase in the adoption of cinema lenses for vlogging and documentary filming by hobby and amateur cinematographers from North America and Europe is likely to drive the demand for cinema lenses in these regions
- The regional analysis segment of the TMR report provides in-depth study on the China cinema lenses market share, South Korea cinema lenses market share, and Japan cinema lenses market size
Cinema Lenses Market: Key Players
Some of the key players profiled in the report are:
- ARRI AG
- Angénieux
- Carl-Zeiss AG
- Canon Inc
- FUJIFILM Corporation (Fujinon)
- DZOFILM Inc
- Laowa Lenses (Venus Optics)
- Cooke Optics Ltd
- Samyang Optics
- Leica Camera AG
- Sigma Corporation
- Schneider Optics Inc
- Shanghai Moki Tech LLC (Spirit Lab)
- Sony Corporation
- Kowa Optimed Inc
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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
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About Transparency Market Research
Transparency Market Research registered at Wilmington, Delaware, United States, is a global market research company providing custom research and consulting services. TMR provides in-depth insights into factors governing demand in the market. It divulges opportunities across various segments based on Source, Application, Sales Channel, and End-Use that will favor growth in the market over the next 9 years.
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