According to a new report, published by KBV research, 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).
The Photography segment is leading the Global Zoom Lens Market, by Application in 2022; thereby, achieving a market value of $3.4 Billion by 2030. Various factors have influenced the growth of photography zoom lenses over the years, and this growth is likely to continue due to ongoing technological advancements and evolving photography trends. Advances in lens technology, such as improved optical design, image stabilization, and autofocus systems, have led to the development of zoom lenses with better image quality and performance. These innovations make zoom lenses more appealing to photographers.
The Telephoto segment is experiencing a CAGR of 8.9% during (2023 - 2030). The telephoto zoom lens segment can play a significant role in driving the overall zoom lens market. This is because telephoto zoom lenses cater to a wide range of photography niches and professional applications, making them a valuable and sought-after category. Telephoto zoom lenses are essential for photographers with specialized needs, such as wildlife photographers, sports photographers, and Astro-photographers.
The North America region dominated the Global Zoom Lens Market, by region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $2.5 Billion by 2030. The Europe region is poised to grow at a CAGR of 7.4% during (2023 - 2030). Additionally, The Asia Pacific region would witness a CAGR of 8.6% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/zoom-lens-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country-wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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 Geography (Volume, Thousand Units, USD Million, 2019-2030)
Companies Profiled
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