Global Zoom Lens Market Size, Share & Industry Trends Analysis Report By Application (Photography, Surveillance, Medical imaging, Industrial inspection, and Astronomy), By Type, By Regional Outlook and Forecast, 2023 - 2030

Global Zoom Lens Market Size, Share & Industry Trends Analysis Report By Application (Photography, Surveillance, Medical imaging, Industrial inspection, and Astronomy), By Type, By Regional Outlook and Forecast, 2023 - 2030

The Global Zoom Lens Market size is expected to reach $7.1 billion by 2030, rising at a market growth of 7.8% CAGR during the forecast period. In the year 2022, the market attained a volume of 3551.6 thousand Units, experiencing a growth of 6.8% (2019-2022).

Zoom lenses play a crucial role in enhancing the capabilities and flexibility of industrial inspection systems. Consequently, the industrial inspection segment would capture more than 9% share in the market by 2030. The adoption of zoom lenses in industrial inspection and machine vision applications has been significant and continues to increase due to the unique needs of these industries. Zoom lenses allow for adjustable focal lengths, enabling inspection systems to adapt to varying object sizes and distances. This flexibility is valuable in applications where multiple object sizes or working distances need to be accommodated without changing the lens. In industrial inspection, precision is paramount. Zoom lenses can fine-tune the magnification and field of view, allowing for more precise and accurate measurements and inspections.

The major strategies followed by the market participants are Product Launches as the key developmental strategy in order to keep pace with the changing demands of end users. In April, 2023, Canon, Inc. released the RF100-300mm f/2.8L IS USMprofessional telephoto zoom lens for the RF mount. The launched product would provide a solution for wildlife, sports, and photographers who need extra reach while shooting at faster shutter speeds. For instance, In March, 2023, Fujifilm Corporation launched FUJINON HZK25-1000mm with an aim to provide cinematic visual expressions with effects and making it a perfect choice for live coverage of music concerts and sporting events.

Based on the Analysis presented in the KBV Cardinal matrix, Sony Corporation is the major forerunner in the Market. In August, 2023, Sony Electronics a division of Sony Corporation unveiled G-Master FE 16-35mm F2.8 GM II, a 35mm full-frame α E-mount lens, a wide-angle zoom lens. Companies such as Canon, Inc. Fujifilm Holdings Corporation, Carl Zeiss AG are some of the key innovators in the Market.

Market Growth Factors

Expansion of live streaming and vlogging

The rise of vlogging and live streaming has significantly impacted the market within the broader camera and photography industry. Vloggers and live streamers often require versatile lenses that can adapt to various shooting scenarios. Camera and lens manufacturers recognize the importance of meeting the unique needs of content creators in this space, leading to the development of zoom lenses with features tailored to vlogging and live streaming applications. This trend is expected to continue as the popularity of online content creation continues to grow. Therefore, the rise of vlogging and live streaming has created a thriving market for zoom lenses.

Escalating demand for high-quality images and videos

The surge in demand for high-quality imagery and videography has fueled interest in zoom lenses offering superior optical quality, versatility, and the ability to capture stunning images and videos across various subjects and shooting conditions. Camera and lens manufacturers continue to develop and market high-quality zoom lenses to meet the growing demands of photographers, videographers, and content creators. The increasing adoption of 4K and higher-resolution video standards necessitates lenses that can resolve detail and sharpness at higher levels, making high-quality zoom lenses more appealing. The surge in demand for high-quality images and videos has significantly impacted on the demand for market in the camera and photography sector.

Market Restraining Factors

High cost of zoom lens

The high cost of zoom lenses can be a significant barrier for many photographers and consumers. Zoom lenses can be relatively expensive, especially those with premium optical quality, advanced features, and wide focal length ranges. High-quality zoom lenses often come with a premium price tag because they are designed to deliver superior optical performance. High-quality zoom lenses can be costly, which deters some consumers, especially hobbyists and enthusiasts, from investing in additional lenses. Cost-conscious consumers opt for all-in-one zoom lenses or use smartphones instead. Such factors pose a challenge for the market.

Application Outlook

Based on application, the market is classified into photography, surveillance, medical imaging, industrial inspection, and astronomy. The medical imaging segment acquired a substantial revenue share in the market in 2022. Medical imaging is a specialized field that often requires unique and highly specialized lenses. While medical imaging primarily relies on dedicated medical imaging equipment and lenses tailored to specific medical applications, some intersections between medical imaging and the broader camera lens market include zoom lenses. Medical imaging equipment typically uses specialized lenses for specific medical applications such as radiography (X-rays), ultrasound, endoscopy, and microscopy.

Type Outlook

By type, the market is categorized into standard, wide-angle, telephoto, and macro. In 2022, the standard segment held the highest revenue share in the market. Standard zoom lenses are a versatile category of camera lenses designed to cover a moderate range of focal lengths, typically including wide-angle to short telephoto focal lengths. Standard zoom lenses are popular among photographers for their flexibility and ability to cover various shooting scenarios. Standard zoom lenses are well-suited for general photography, including family gatherings, vacations, events, and street photography. These zoom lenses are often more affordable than higher-end, fixed-aperture zooms or prime lenses with wide apertures. This affordability makes them a good starting point for photographers building their kit.

Regional Outlook

Region-wise, the market is analysed across North America, Europe, Asia Pacific, and LAMEA. In 2022, the North America region led the market by generating the highest revenue share. The North American market for zoom lenses caters to both consumers and professionals. Consumers use zoom lenses for photography and videography, while professionals include photographers, videographers, filmmakers, broadcasters, and professionals in industries like surveillance, healthcare, and manufacturing.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Carl Zeiss AG, Fujifilm Holdings Corporation, ARRI AG, Sony Corporation, Nikon Corporation, Canon, Inc., Tamron Co., Ltd., Cooke Optics Limited (Caledonia Investments Plc), Kenko Tokina Co., Ltd., Angénieux (Thales Group)

Recent Strategies Deployed in Zoom Lens Market

Mergers & Acquisition:

Jul-2023: Carl Zeis AG acquired Ncam Technologies Ltd., a Pioneer in real-time visual effects solution provider. Through this partnership, Carl Zeis AG aims to enhance its capabilities to offer innovative solutions, especially for visual effects, cinema, and broadcast.

Dec-2022: ARRI AG took over Claypaky, a developer of professional lighting systems for the entertainment sector. Following this acquisition, ARRI AG aimed to become a leading lighting solution provider with reputed brands for both the live entertainment and motion picture market.

Product Launches and Product Expansions:

Aug-2023: Sony India a regional division of Sony Corporation unveiled FE 70-200mm F4 Macro G OSS II telephoto zoom lens. Through this launch, the company aimed to support the versatile capabilities of photography enthusiasts and professionals.

Aug-2023: Sony Electronics a division of Sony Corporation unveiled G-Master FE 16-35mm F2.8 GM II, a 35mm full-frame α E-mount lens, a wide-angle zoom lens. The launched product would satisfy the requirement of photographers and videographers looking for high-performance lenses, and with the descriptive power and high-speed AF unique to G Master.

Aug-2023: Tamron Co., Ltd. unveiled the 35-150mm F/2-2.8 Di III VXD, a fast-aperture telephoto zoom lens for Nikon Z mount cameras. This launch product would support broad angle with telephoto and is ideal for both portrait and travel photography.

Aug-2023: Tamron Co., Ltd. unveiled the 17-50mm F/4 Di III VXD, a wide-angle zoom lens for Sony E-mount full-frame mirrorless cameras. The launched product has a wide-angle zoom with a constant F4 aperture covering ultra-wide angle to standard focal lengths, a zoom range ideal for both video recording and still photography.

Jun-2023: Nikon Corporation introduced a Nikkor Z 180-60mm f/5.6-6.3 VR, a super telephoto zoom lens. The launched product would provide top-notch agility and stunning operability.

May-2023: Tamron Co., Ltd. launched an 11-20mm F/2.8 Di III-A1 RXD, a fast-aperture ultra wide-angle Zoom lens. The launched product would enable outstanding close-range shooting performance, with its Minimum Object Distance of 0.15m and a maximum magnification ratio of 1:4.

Apr-2023: Fujifilm Holding Corporation introduced FUJIFILM SX1600, a long-long camera featuring a 40x-zoom with focal length range from 40mm wide angle to the world’s longest*1 1600mm telephoto. This launch aims to expand its portfolio of the SX Series of lens-integrated long-range cameras.

Apr-2023: Canon, Inc. released the CN-E14-35mm T1.7 L S wide-angle zoom lens and CN-E31.5-9 5mm T1.7 L S telephoto zoom lens. The launched products would be created to provide more natural background blur and better sharpness and details.

Apr-2023: Canon, Inc. released the RF100-300mm f/2.8L IS USMprofessional telephoto zoom lens for the RF mount. The launched product would provide a solution for wildlife, sports, and photographers who need extra reach while shooting at faster shutter speeds.

Mar-2023: Fujifilm Corporation launched FUJINON HZK25-1000mm, a broadcast zoom lens. The launched product would provide cinematic visual expressions with effects for example shallow depth-of-field for beautiful bokeh, making it a perfect choice for live coverage of music concerts and sporting events.

Sep-2022: Tamron Co., Ltd. released a new 20-40mm F2.8 Di II VXD zoom lens for full-frame Sony E-mount cameras. This launch would provide a unique focal length range and build of 12 elements in 11 groups, consisting of four LD elements, two GM elements, and one Hybrid Aspherical element.

Sep-2021: Angénieux released the Optimo Ultra Compact full frame zoom lens, which would come in 37-102mm and 21-56mm. The new product comes in a very light design with the FF/VV format in mind, which is generally aimed at filmmakers.

Apr-2021: Tamron Co., Ltd. announced the launch of 150-500mm f/5-6.7 Di III VX VXD zoom lens, a super-telephoto for Sony E full-frame cameras and an ultra-wide 11-20mm f/2.8 Di III-A RXD zoom for Sony E APS-C cropped sensor cameras. 150-500mm f/5-6.7 Di III VX VXD zoom lens created to provide incredible telephoto reach while enduring relatively lightweight and portable.

Scope of the Study

Market Segments covered in the Report:

By Application (Volume, Thousand Units, USD Million, 2019-2030)

• Photography
• Surveillance
• Medical imaging
• Industrial inspection
• Astronomy

By Type (Volume, Thousand Units, USD Million, 2019-2030)

• Standard
• Wide-angle
• Telephoto
• Macro

By Geography (Volume, Thousand Units, USD Million, 2019-2030)

• North America
• US
• Canada
• Mexico
• Rest of North America
• Europe
• Germany
• UK
• France
• Russia
• Spain
• Italy
• Rest of Europe
• Asia Pacific
• China
• Japan
• India
• South Korea
• Singapore
• Malaysia
• Rest of Asia Pacific
• LAMEA
• Brazil
• Argentina
• UAE
• Saudi Arabia
• South Africa
• Nigeria
• Rest of LAMEA

Companies Profiled

• Carl Zeiss AG
• Fujifilm Holdings Corporation
• ARRI AG
• Sony Corporation
• Nikon Corporation
• Canon, Inc.
• Tamron Co., Ltd.
• Cooke Optics Limited (Caledonia Investments Plc)
• Kenko Tokina Co., Ltd.
• Angénieux (Thales Group)

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