Wilmington, Delaware, United States, Transparency Market Research, Inc., Oct. 1, 2024 (GLOBE NEWSWIRE) — The World cinema lens market stopped at 1.6 billion dollars in 2023. A 5.2% CAGR is estimated between 2024 and 2034, with the market reaching 2.7 billion dollars in 2034. As the global film industry expands, streaming services, international markets and production costs increase, some of these factors are driving the growth of the industry globally. Due to this expansion, there is demand for cinema lenses in many formats and genres.
Through continued innovation in lens design, materials, coatings and manufacturing processes, filmmakers and production companies are adopting cinema lenses with improved optical performance, durability and reliability. Filmmakers often need small, lightweight lenses when filming handheld or using a gimbal, especially for freelance and documentary work. As a result, the market for tiny cine lenses has expanded.
A wider variety of content is being produced in the film business as a result of the increased emphasis on diversity and inclusion. The desire for specialized lenses that support a variety of storytelling techniques is driven by this diversity, which also extends to the types of lenses used to capture diverse narratives and perspectives.
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Key Findings of the Market Report
- Depending on the resolution, the 4K resolution segment will likely drive lens sales in the cinema market.
- In terms of category, a high-end segment is expected to expand the market for cine lenses in the market.
- Consumers are expected to increasingly demand animated films, which will drive demand for cinema lenses.
- Zoom lenses accounted for the majority of revenue in 2023.
- Asia Pacific accounted for a 31% share in 2023.
Global Cinema Lens Market: Growth Drivers
- Cinema lenses with great optical performance, resolution and clarity are increasingly in demand as streaming services and high-quality video content become more prevalent.
- With advances in camera technology, such as larger format cameras and higher resolution sensors, there is a need for cine lenses that can take full advantage of these capabilities.
- Digital cinematography is becoming more common and often replaces traditional film in productions. The need for cine lenses designed for digital cinematography is driven by the need for specialized lenses made for digital sensors, which are required for digital cameras.
- Cine lenses that can produce improved image quality and resolve finer details are needed to meet the demands of producing ultra-high definition video as higher resolution formats such as 4K and 8K become more common.
- Demand for cutting-edge optical solutions is being driven by the emergence of virtual reality and augmented reality cinematic experiences, which require specialized lenses capable of capturing immersive content and delivering a realistic viewing experience.
- Several streaming services are creating original content in an effort to attract users. Therefore, cinema lenses are in high demand for producing high-quality television shows, documentaries, and other programs.
Global Cinema Lens Market: Regional Outlook
- Cinema lenses are expected to be the largest market in Asia Pacific. Internet usage, urbanization and rising disposable incomes are driving the growth of the entertainment sector in Asia Pacific at a rapid pace.
- Japan, South Korea, China, India and China have become important centers of film production in the region. The need for cinema lenses that enable the creation of a wide range of content, including feature films, television shows and web videos, is driven by the expansion of these businesses, as well as government incentives and infrastructure development.
- Governments and private investors are investing more in production and content creation facilities in the Asia Pacific region to meet the growing demand for entertainment material. By investing in this project, the film lens industry will be able to offer its customers top-of-the-line optical equipment to support its rapid growth.
- The popularity of regional films is growing both at home and abroad, including K-dramas in South Korea, Bollywood in India, and anime in Japan. As a result of this trend, there is demand for specialty cine lenses designed to capture regional aesthetics.
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Global Cinema Lens Market: Competitive Landscape
Most cine lens companies spend a lot of money to expand their presence abroad, mainly in prominent regions. The players operating in the market mainly focus on launching new products.
Key players
- angieux
- ARRI AG
- Canon Inc.
- Carl-Zeiss AG
- Cooke Optical Ltd.
- DZOFILM Inc.
- FUJIFILM Corporation (Fujinon)
- Laowa Lenses (Venus Optics)
- Leica AG Camera
- Samyang Optical
- Other key players
Key developments
- In September 2023, Canon introduced its first seven premium cinema lenses. The new lenses incorporate high-performance optics, cinema-like operability and RF communications. Seven Cinema Prime lenses with RF mount represent the first phase in the system's development.
- In addition to providing professional video production equipment for television shows, films and commercials, the company plans to expand its line of equipment compatible with RF mounting.
- In February 2024, ZEISS Nano Prime lenses It allowed you to watch classic cinema at an affordable price. A new set of six ZEISS Nano Prime lenses covers six common focal lengths, from wide-angle to telephoto.
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Global Cinema Lens Market: Segmentation
Product type
- Single/Prime Vision
- Zoom lens
Resolution
- 2K
- 4k
- Others (6K, 8K, etc.)
Category
- entry class
- middle class
- upper class
Focal length
- wide angle [14-35 mm]
- Normal [35 – 70 mm]
- Medium Telephoto [70-135]
- Telephoto [>135]
End user
- Amateur users
- Professional users
Price
Application
- documentary films
- Environmental films
- animated movies
- Short films
- Feature films
- Others (Experimental Films, Silent Films, etc.)
Distribution channel
Region
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- South America
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