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Optical Lens Market

Publisher Fortune Business Insights Pvt. Ltd.
Published Oct 01, 2024
Length 130 Pages
SKU # FOB19260724

Description

Optical Lens Market



Growth Factors of Optical Lens Market

The optical lens market size was valued at USD 16.88 billion in 2022, and the market is now projected to grow from USD 18.09 billion in 2023 to USD 32.68 billion by 2030, exhibiting a CAGR of 8.8% during the forecast period of 2023-2030.

The COVID-19 occurrence strictly impacted the optical lens industry. The pandemic affected numerous challenges for supply chains regarding all phases, from manufacturing to distribution. During the early period of the occurrence, many optical stores and clinics worldwide were momentarily shut or functioned with partial capacity, due to social isolation and lockdown measures. This compact demand for prescription glasses and contact lenses, subsequent in lesser sales and revenue for this market.

There is a rising demand from customers for numerous imaging lenses such as ultra-wide-angle, macro lenses, and telephoto for improved photography experience. Exchangeable lenses are a vital part of digital cameras. Technological improvements in lens manufacturing have enhanced lens performance, image quality, and optical capabilities. These advancements are projected to surge the demand for optical lenses in digital camera applications. Moreover, the rising demand for lenses in AR and virtual reality (VR) receivers is a key optical lens market style which will upsurge the optical lens market growth.

Machine vision is a promptly developing technology that permits robots and other machines to see and recognize their environments. The technology uses one or more video cameras and image processing software to boost production speed and yield, automate production, and improve the quality of end products. Lenses play a vital role in machine vision systems by capturing and focusing light onto image sensors, allowing the analysis of visual data. AI-based machine vision increasingly adds value to the manufacturing industry, with numerous benefits such as enhanced accuracy, flexibility, and cost reduction.

Comprehensive Analysis of Optical Lens Market

The market can be segmented in various ways, depending on the focus of analysis such as by type, and by application. Based on type, the market is divided into converging and diverging. Based on application, the market is segmented into AR/VR/headsets or mounted display, camera, automotive, smartphones, medical surgery, and others.

Asia Pacific region is dominating the optical lens market share due to growing demand for customer electronics products and growing automotive production.

The key players are enthusiastically contributing in planned events that are targeted at maintaining durable market position and growing market share by merger, partnerships and others. These players include Sunny Optical Technology (Group) Company Limited (China), Tamron Co., Ltd. (Japan), Canon Inc. (Japan), Largan Precision Co., Ltd. (Taiwan), FUJIFILM Corporation (Japan), Nikon Corporation (Japan), Genius Electronic Optical (Taiwan), ZEISS International (Germany), SONY ELECTRONICS INC. (Japan), SIGMA CORPORATION (Japan) these market players spending severely on research and development in order to arise with more new technology so that they can maintain and improve their existing market.

In April 2023, SIGMA Corporation, a maker and provider of digital cameras, interchangeable lenses, and photographic accessories, broadcasted the inauguration of interchangeable lenses for the Nikon Z mount system.

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2019 - 2030

Base Year 2022

Estimated Year 2023

Forecast Period 2023 – 2030

Historical Period 2019 - 2021

Growth Rate CAGR of 8.8% from 2023 to 2030

Unit Value (USD billion)

Segmentation By Type, Application, and Region

By Type Converging

Diverging

By Application AR/VR/Headsets or Mounted Display

Camera

Automotive

Smartphones

Medical Surgery

Others (Education/Research, Gaming)

By Region North America (By Type, By Application, and By Country)
  • U.S.
  • Canada
  • Mexico
South America (By Type, By Application, and By Country)
  • Brazil
  • Argentina
  • Rest of South America
Europe (By Type, By Application, and By Country)
  • U.K.
  • Germany
  • France
  • Italy
  • Spain
  • Russia
  • Benelux
  • Nordics
  • Rest of Europe
Middle East & Africa (By Type, By Application, and By Country)
  • Turkey
  • Israel
  • GCC
  • South Africa
  • North Africa
  • Rest of Middle East & Africa
Asia Pacific (By Type, By Application, and By Country)
  • China
  • Japan
  • India
  • South Korea
  • ASEAN
  • Oceania
  • Rest of Asia Pacific


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Table of Contents

130 Pages
1. Introduction
1.1. Definition, By Segment
1.2. Research Methodology/Approach
1.3. Data Sources
2. Executive Summary
3. Market Dynamics
3.1. Macro and Micro Economic Indicators
3.2. Drivers, Restraints, Opportunities and Trends
3.3. Impact of COVID-19
4. Competition Landscape
4.1. Business Strategies Adopted by Key Players
4.2. Consolidated SWOT Analysis of Key Players
4.3. Global Optical Lens Key Players Market Share/Ranking, 2022
5. Global Optical Lens Market Size Estimates and Forecasts, By Segments, 2019-2030
5.1. Key Findings
5.2. By Type (USD)
5.2.1. Converging
5.2.2. Diverging
5.3. By Application (USD)
5.3.1. AR/VR/headsets or mounted display
5.3.2. Camera
5.3.3. Automotive
5.3.4. Smartphones
5.3.5. Medical Surgery
5.3.6. Others (Education/Research, Gaming etc.)
5.4. By Region (USD)
5.4.1. North America
5.4.2. South America
5.4.3. Europe
5.4.4. Middle East & Africa
5.4.5. Asia Pacific
6. North America Optical Lens Market Size Estimates and Forecasts, By Segments, 2019-2030
6.1. Key Findings
6.2. By Type (USD)
6.2.1. Converging
6.2.2. Diverging
6.3. By Application (USD)
6.3.1. AR/VR/headsets or mounted display
6.3.2. Camera
6.3.3. Automotive
6.3.4. Smartphones
6.3.5. Medical Surgery
6.3.6. Others (Education/Research, Gaming etc.)
6.4. By Country (USD)
6.4.1. United States
6.4.2. Canada
6.4.3. Mexico
7. South America Optical Lens Market Size Estimates and Forecasts, By Segments, 2019-2030
7.1. Key Findings
7.2. By Type (USD)
7.2.1. Converging
7.2.2. Diverging
7.3. By Application (USD)
7.3.1. AR/VR/headsets or mounted display
7.3.2. Camera
7.3.3. Automotive
7.3.4. Smartphones
7.3.5. Medical Surgery
7.3.6. Others (Education/Research, Gaming etc.)
7.4. By Country (USD)
7.4.1. Brazil
7.4.2. Argentina
7.4.3. Rest of South America
8. Europe Optical Lens Market Size Estimates and Forecasts, By Segments, 2019-2030
8.1. Key Findings
8.2. By Type (USD)
8.2.1. Converging
8.2.2. Diverging
8.3. By Application (USD)
8.3.1. AR/VR/headsets or mounted display
8.3.2. Camera
8.3.3. Automotive
8.3.4. Smartphones
8.3.5. Medical Surgery
8.3.6. Others (Education/Research, Gaming etc.)
8.4. By Country (USD)
8.4.1. United Kingdom
8.4.2. Germany
8.4.3. France
8.4.4. Italy
8.4.5. Spain
8.4.6. Russia
8.4.7. Benelux
8.4.8. Nordics
8.4.9. Rest of Europe
9. Middle East & Africa Optical Lens Market Size Estimates and Forecasts, By Segments, 2019-2030
9.1. Key Findings
9.2. By Type (USD)
9.2.1. Converging
9.2.2. Diverging
9.3. By Application (USD)
9.3.1. AR/VR/headsets or mounted display
9.3.2. Camera
9.3.3. Automotive
9.3.4. Smartphones
9.3.5. Medical Surgery
9.3.6. Others (Education/Research, Gaming etc.)
9.4. By Country (USD)
9.4.1. Turkey
9.4.2. Israel
9.4.3. GCC
9.4.4. South Africa
9.4.5. North Africa
9.4.6. Rest of MEA
10. Asia Pacific Optical Lens Market Size Estimates and Forecasts, By Segments, 2019-2030
10.1. Key Findings
10.2. By Type (USD)
10.2.1. Converging
10.2.2. Diverging
10.3. By Application (USD)
10.3.1. AR/VR/headsets or mounted display
10.3.2. Camera
10.3.3. Automotive
10.3.4. Smartphones
10.3.5. Medical Surgery
10.3.6. Others (Education/Research, Gaming etc.)
10.4. By Country (USD)
10.4.1. China
10.4.2. India
10.4.3. Japan
10.4.4. South Korea
10.4.5. ASEAN
10.4.6. Oceania
10.4.7. Rest of Asia Pacific
11. Company Profiles for Top 10 Players (Based on data availability in public domain and/or on paid databases)
11.1. Sunny Optical Technology (Group) Company Limited
11.1.1. Overview
11.1.1.1. Key Management
11.1.1.2. Headquarters
11.1.1.3. Offerings/Business Segments
11.1.2. Key Details (Key details are consolidated data and not Type/service specific)
11.1.2.1. Employee Size
11.1.2.2. Past and Current Revenue
11.1.2.3. Geographical Share
11.1.2.4. Business Segment Share
11.1.2.5. Recent Developments
11.2. Tamron Co., Ltd.
11.2.1. Overview
11.2.1.1. Key Management
11.2.1.2. Headquarters
11.2.1.3. Offerings/Business Segments
11.2.2. Key Details (Key details are consolidated data and not Type/service specific)
11.2.2.1. Employee Size
11.2.2.2. Past and Current Revenue
11.2.2.3. Geographical Share
11.2.2.4. Business Segment Share
11.2.2.5. Recent Developments
11.3. Canon Inc.
11.3.1. Overview
11.3.1.1. Key Management
11.3.1.2. Headquarters
11.3.1.3. Offerings/Business Segments
11.3.2. Key Details (Key details are consolidated data and not Type/service specific)
11.3.2.1. Employee Size
11.3.2.2. Past and Current Revenue
11.3.2.3. Geographical Share
11.3.2.4. Business Segment Share
11.3.2.5. Recent Developments
11.4. Largan Precision Co., Ltd.
11.4.1. Overview
11.4.1.1. Key Management
11.4.1.2. Headquarters
11.4.1.3. Offerings/Business Segments
11.4.2. Key Details (Key details are consolidated data and not Type/service specific)
11.4.2.1. Employee Size
11.4.2.2. Past and Current Revenue
11.4.2.3. Geographical Share
11.4.2.4. Business Segment Share
11.4.2.5. Recent Developments
11.5. FUJIFILM Corporation
11.5.1. Overview
11.5.1.1. Key Management
11.5.1.2. Headquarters
11.5.1.3. Offerings/Business Segments
11.5.2. Key Details (Key details are consolidated data and not Type/service specific)
11.5.2.1. Employee Size
11.5.2.2. Past and Current Revenue
11.5.2.3. Geographical Share
11.5.2.4. Business Segment Share
11.5.2.5. Recent Developments
11.6. Nikon Corporation
11.6.1. Overview
11.6.1.1. Key Management
11.6.1.2. Headquarters
11.6.1.3. Offerings/Business Segments
11.6.2. Key Details (Key details are consolidated data and not Type/service specific)
11.6.2.1. Employee Size
11.6.2.2. Past and Current Revenue
11.6.2.3. Geographical Share
11.6.2.4. Business Segment Share
11.6.2.5. Recent Developments
11.7. Genius Electronic Optical
11.7.1. Overview
11.7.1.1. Key Management
11.7.1.2. Headquarters
11.7.1.3. Offerings/Business Segments
11.7.2. Key Details (Key details are consolidated data and not Type/service specific)
11.7.2.1. Employee Size
11.7.2.2. Past and Current Revenue
11.7.2.3. Geographical Share
11.7.2.4. Business Segment Share
11.7.2.5. Recent Developments
11.8. ZEISS International
11.8.1. Overview
11.8.1.1. Key Management
11.8.1.2. Headquarters
11.8.1.3. Offerings/Business Segments
11.8.2. Key Details (Key details are consolidated data and not Type/service specific)
11.8.2.1. Employee Size
11.8.2.2. Past and Current Revenue
11.8.2.3. Geographical Share
11.8.2.4. Business Segment Share
11.8.2.5. Recent Developments
11.9. SONY ELECTRONICS INC.
11.9.1. Overview
11.9.1.1. Key Management
11.9.1.2. Headquarters
11.9.1.3. Offerings/Business Segments
11.9.2. Key Details (Key details are consolidated data and not Type/service specific)
11.9.2.1. Employee Size
11.9.2.2. Past and Current Revenue
11.9.2.3. Geographical Share
11.9.2.4. Business Segment Share
11.9.2.5. Recent Developments
11.10. SIGMA CORPORATION
11.10.1. Overview
11.10.1.1. Key Management
11.10.1.2. Headquarters
11.10.1.3. Offerings/Business Segments
11.10.2. Key Details (Key details are consolidated data and not Type/service specific)
11.10.2.1. Employee Size
11.10.2.2. Past and Current Revenue
11.10.2.3. Geographical Share
11.10.2.4. Business Segment Share
11.10.2.5. Recent Developments
12. Key Takeaways

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