The Asia Pacific Zoom Lens Market would witness market growth of 8.6% CAGR during the forecast period (2023-2030). In the year 2021, the Asia Pacific market's volume surged to 944.7 thousand Units, showcasing a growth of 7.4% (2019-2022).
The demand for adaptable zoom lenses is increasing due to developments in camera technology, including high-resolution sensors and image stabilization. The popularity of mirrorless cameras presents an opportunity because zoom lenses' compatibility provides simplicity and adaptability, appealing to professionals and enthusiasts and promoting market growth. This is consistent with mirrorless cameras being adopted more widely and meeting a variety of photography needs with accuracy and innovation.
In addition, the rise in prominence of mirrorless cameras has created a promising opportunity in the market for zoom lens. Due to their small size and lightweight, mirrorless cameras are a popular choice among photographers. Zoom lenses have been a widely favoured option for mirrorless camera systems due to their favourable compatibility. This convergence enables photographers to maximize the comfort and mobility of mirrorless cameras while utilizing the flexibility of zoom lenses. The market for zoom lens is growing due to this appealing combination, which appeals to both professionals and enthusiasts. As mirrorless cameras become more widely used, this growth trajectory serves various photography needs while showing accuracy and innovation.
Many countries in the APAC region are popular tourist destinations. The tourism industry's growth has led to increased demand for cameras and accessories like zoom lenses among tourists and travellers looking to capture their experiences. Economic growth in many APAC countries has led to an expanding middle class with higher disposable incomes. One of the nation's fastest-growing economic sectors is the tourism industry in India. Additionally, to having a multiplier effect on the performance of associated businesses, the sector considerably impacts employment and propels regional development. As a result of the increasing tourism sector across the Asia Pacific region, the zoom lens market is estimated to grow.
The China market dominated the Asia Pacific Zoom Lens Market, by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $577.1 Million by 2030. The Japan market is poised to grow at a CAGR of 7.9% during (2023 - 2030). Additionally, The India market would witness a CAGR of 9.2% during (2023 - 2030).
Based on Application, the market is segmented into Photography, Surveillance, Medical imaging, Industrial inspection, and Astronomy. Based on Type, the market is segmented into Standard, Wide-angle, Telephoto, and Macro. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Zoom Lens Market is Projected to reach USD 7.1 Billion by 2030, at a CAGR of 7.8%
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)
By Application (Volume, Thousand Units, USD Million, 2019-2030)
By Type (Volume, Thousand Units, USD Million, 2019-2030)
By Country (Volume, Thousand Units, USD Million, 2019-2030)
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