The camera lens market report encompasses an in-depth analysis of the business space in question. All the growth facilitators responsible for furling the revenue scope of this industry are mentioned in the study in conjunction with the competitive and geographical trends characterizing this business. Some of the very pivotal parameters encompassed in the report fall along the lines of industry segmentation, industry ecosystem analysis, vendor matrix, and industry insights.

The camera lens market will observe significant expansion with increasing preference of consumers towards compact and high-quality devices in order to capture professional images and videos. The consistent usage of social media platforms, such as Instagram, Snapchat, and Facebook, has led to higher adoption of quad-lens smartphones as well as professional DSLRs for photography purposes. Furthermore, there is a significant surge in the number of bloggers in travel photography and cinematography. Their incessant requirements to shoot and capture wide as well as detailed images have paved the way for increasing investments in wide-angle lenses.

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Camera lenses are in high demand in automotive sector owing to increasing adoption of smart car-use cameras in driverless cars. With supportive regulatory scenario for autonomous driving, demand for camera lenses is further increasing. Various countries such as the U.S., China and Japan have formulated policies for promoting the development of autonomous vehicles. This in turn is encouraging automakers to incorporate high definition camera lenses for enhancing the reliability and safety of driverless cars. For instance, in 2020, Mobileye gave a demo of a self-driving car developed by the company which uses only cameras instead of sensors to analyze the distance and get around.

Significant expansion of healthcare sector coupled with increasing proclivity towards advanced technologies are the major factors that are positively influencing the growth of camera lens market. In addition, numerous medical professionals are also making investments in AR-based image-guided therapy for enhancing the flexibility during interventional procedures. For the records, this technology allows clinicians to move around the patients with ease during the procedure and receive relevant information. This technique is being widely adopted in endovascular aneurysm repair procedures which in turn is providing lucrative opportunities for companies to expand their portfolio pertaining to the field of image-guided therapy. For example, Microsoft Corporation is using AR technology in HoloLens 2, which is a mixed reality device designed to address the challenges faced by surgeons during interventional procedures.

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The camera lens market size for the European region will reach a significant value through 2027 owing to the rising government concerns pertaining to the safety of passenger cars. This has increased the focus of automobile manufacturers towards enhancing the camera systems in their vehicles. For instance, in June 2019, a prominent German company, ZF, launched the Dual-cam two lens camera, particularly designed for commercial trucks that can be used in concert with various other ZF ADAS technologies.

Fujifilm Holdings Corporation, Huawei Technologies Co., Ltd., Panasonic Corporation, Marshall Electronics Inc., and Nikon Corporation few other major contributors to the camera lens market. These players are also focusing on R&D investments to come up with advanced technologies for customer expansion. Citing the same with an example, Xiaomi Communications Co., Ltd., has revealed its plans of introducing smartphones that are integrated using Samsung's 108-megapixel camera lens in the second half of 2021.

Major Key Points from Table of Content:

Chapter 5   Camera Lens Market, By Distribution Channel (Revenue, Shipments)

5.1    Key trends, by distribution channel

5.2    Online

5.2.1    Market estimates and forecast, 2017 – 2027

5.3    Offline

5.3.1    Market estimates and forecast, 2017 – 2027

Chapter 6   Camera Lens Market, By Application (Revenue, Shipments)

6.1    Key trends, by application

6.2    Consumer electronics

6.2.1    Market estimates and forecast, 2017 – 2027

6.2.2    Mobile

6.2.2.1    Market estimates and forecast, 2017 – 2027

6.2.3    AR/VR/MR

6.2.3.1    Market estimates and forecast, 2017 – 2027

6.2.4    Digital camera

6.2.4.1    Market estimates and forecast, 2017 – 2027

6.2.5    Others

6.2.5.1    Market estimates and forecast, 2017 – 2027

6.3    Automotive

6.3.1    Market estimates and forecast, 2017 – 2027

6.4    Healthcare

6.4.1    Market estimates and forecast, 2017 – 2027

6.5    Others

6.5.1    Market estimates and forecast, 2017 – 2027

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