seobhushan (4)

1
Camera Lens Market is expected to reach at a CAGR
9 by 2027
2
Key Insights from Camera Lens Market

• 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.
• Demand for camera lenses across healthcare
  applications will achieve considerable traction
  in the coming years with the growing deployment
  of advanced technologies. Numerous developments
  across the healthcare sector have encouraged
  medical professionals to invest in AR-based
  image-guided therapies to receive higher
  flexibility in interventional procedures. It is
  also helping clinicians to move around the
  patients in instances of surgeries to gather
  relevant information.

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Continued

• Besides, there is a higher deployment of AR-based
  techniques in procedures related to endovascular
  aneurysm repairs. This technical penetration has
  led several companies to extend their offerings
  in image-guided therapies. To cite the same with
  instance, Microsoft Corporation deployed the AR
  technology in HoloLens 2, which is a mixed
  reality device used by surgeons to counter
  challenges in interventional procedures.

4

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5
Regional Insights in Camera Lens Market

• The increasing adoption of dual-camera
  smartphones by consumers on account of their
  impressive zoom capabilities and enhanced image
  quality has also pushed manufacturers to come up
  with dual-lens camera systems and telephoto zoom
  lenses. Besides, several government policies have
  been regulated in countries like U.S., Japan, and
  China for the development of self-driving
  vehicles. This will add positive impetus to the
  adoption of smart car-use cameras as well as urge
  auto-manufacturers to incorporate
  high-performance lenses to enhance the
  reliability and safety of driverless cars.
• 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.

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Major Companies in Camera Lens Market

• Fujifilm Holdings Corporation
• Huawei Technologies Co., Ltd.
• Panasonic Corporation
• Marshall Electronics Inc.
• Nikon Corporation

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Industry Coverage

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