Interchangeable Lens Market (Updated Version Available)
Interchangeable Lens Market Size, Share & Trends Analysis, By Lens Type (Zoom Lens, Telephoto Lens, Prime lens, Macro Lens, and Special Lens), Camera Lens (SLR, DSLR, and Mirrorless), Focal Length (Less than 35 mm, Equal to 35 mm, and More than 35 mm), Application (Media & Entertainment, Photography, and Consumer Electronics), By Region, Forecast Period 2023 - 2030
Report ID : RI_673751 | Date : February 2023 |
Format : 
Key Market Overview:
Interchangeable lens market is estimated to reach over USD 22.05 Million by 2030 from a value of USD 18.77 Million in 2022, growing at a CAGR of 2.04% from 2023 to 2030.
The interchangeable lens market refers to camera lenses that are easily removed and replaced with other lenses. The ability to change lenses allows photographers to choose lenses that are optimized for different shooting scenarios, such as wide-angle lenses for landscapes and telephoto lenses for sports and wildlife photography. The growing culture of social media and online content creation, cause an increase in demand for high-quality images, which promotes the need for interchangeable camera lenses.
Continuous product improvement have led to better image quality and features, such as faster autofocus, increased resolution, and wider dynamic range which has driven the demand for interchangeable lenses. For instance, in October 2022, a Japanese company named OM Digital Solutions Corporation launched a new interchangeable lens OM SYSTEM OM-5 with IP531 protection, allowing it to function at -10°C. The lens also supports 4K video for high-quality recording and has versatile computational photography features. Furthermore, the growing interest of people in outdoor activities and traveling across different part of the globe, has led to an increase in demand for the interchangeable lens for compact, durable, and offer high image quality.
Interchangeable lens Market Report Coverage:
Request Sample
Market Dynamics:
Driver:
Interchangeable lenses are popular among professional photographers requiring high image quality and versatility, which has driven the growth of the market. A larger zoom range coupled with touch screen feature and constant product improvements such as HD video recording and wireless connectivity have accelerated the growth of the market. The special lenses are used in a wide range of cameras where other lenses are not applicable and provide different panoramas of landscapes, architecture, and the sky. Such application of special lenses is due to the large aperture and wide-angle which has increased the sales of interchangeable lenses globally.
Restraint:
The cost of manufacturing interchangeable lenses is expensive because of the presence of UV-coated layers and sensors, which is a barrier to the growth of the market, especially among price-sensitive consumers.
Opportunities:
The integrated approach of using the interchangeable lens with virtual reality will open lucrative opportunities for the growth of the market. The approach is projected to be widely accepted by professionals for generating 360-degree photography. Moreover, the advent of 3D and mirrorless lenses with the integration of protection features such as dust and splash resistant structure along with oil-and-water repellent coating is expected to offer opportunities by allowing to shoot in various environments.
Interchangeable Lens Market Segmentation:
By Lens Type
The lens type segment is classified into zoom lens, telephoto lens, prime lens, macro lens, and special lens. The zoom lens has dominated the market by generating maximum revenue in 2021 due to the built-in shake reduction, which allows the consumer to shoot in subdued light without a flash. Wedding photographers, sports photographers, photojournalists, and travel photographers prefer zoom lenses as the lenses have wider apertures and are made with higher-quality glass elements that produce premium-quality images. Special lens is expected to register the fastest CAGR during the forecast period, allowing the consumers to tilt and shift the lens, and is perfect for architects photography. A specific type of special lens called the fish-eye lens is the major contributor to market growth. Special lens is used in astrophotography and underwater photography because it has viewing angle close to 180° that produce a peephole effect and a panoramic perspective.
The telephoto lens is also in demand due to the high magnification ratio that makes far-away objects appear closer to the camera. Telephoto lenses reduce the perceived distance between background and foreground, impacting the viewer and creating an aesthetic effect. Prime lenses are optically faster, having a wider aperture which allows ample light and is suitable for shooting without a tripod. A prime lens is appropriate for unobtrusive shooting owing to its small size and lightweight.
By Camera lens
The camera lens is segmented into single-lens reflex (SLR), digital single-lens reflex (DSLR), and mirrorless. The DSLR holds the largest share of the market due to increased efficiency, compact size, and improved optical performance. DSLRs have an optical viewfinder and a reflex mirror that allows the consumer to see the actual image projected by the lens. DSLRs are popular among professional photographers, particularly for sports and wildlife photography, where the larger bodies and longer battery life of DSLRs provide an advantage. Moreover, manufacturers of DSLR brand have their specific mount. For instance, a lens made for Canon, will not fit on Nikon, and vice-versa.
The mirrorless camera lens is expected to witness the highest CAGR during the forecast period. This is attributed to the in-built technological features such as improved image sensors, faster image processors, and high-resolution electronic viewfinders which result in improved image quality and performance. Also, the mirrorless cameras compact and portable design is convenient for travel and everyday photography. Moreover, the use of a rear LCD screen to view the subject, allows more accurate focus and makes mirrorless camera ideal for shooting fast-moving subjects and for capturing high-quality video.
By Focal Length
The focal length segment is categorized into less than 35 mm, equal to 35 mm, and more than 35 mm. Lenses with a focal length of 35mm are considered standard lenses and are ideal for a wide range of photography subjects, from portraits to street photography. Such lenses are becoming popular due to the huge versatility and the focal length of 35 mm provides a field of view similar to the human eye.
In addition, lenses with focal length of less than 35mm also have a significant market share and are used by photographers for specific types of photography. Lenses with focal length of less than 35mm are typically wide-angle lenses and are used for landscape, architectural, and interior photography. Such lenses provide a wider field of view and are ideal for capturing large scenes. Lenses with focal length of more than 35mm are typically telephoto lenses and are used for sports, wildlife, and portrait photography. In addition, telephoto lenses offer a narrow field of view and are suitable for capturing distant subjects or compressing the background.
By Applicaton
The application segment is divided into media & entertainment, photography, and consumer electronics. The photography segment has been a major contributor to the growth of the interchangeable lens market as photographers are provided with the flexibility to change lenses to suit different shooting scenarios and styles, such as portrait, landscape, macro, and sports photography. Lenses used in the segment range from standard prime lenses to specialized lenses such as telephoto lenses, tilt-shift lenses, and fisheye lenses.
The growth of the consumer electronics segment, driven by the increasing popularity of smartphones, drones, and action cameras has also been a significant contributor to the market. Interchangeable lenses for consumer electronics are telephoto lenses and fisheye lenses which are compact, lightweight, and easy to use, becoming a popular choice among consumers. The media and entertainment segment, although smaller in size compared to photography and consumer electronics, still plays a significant role in the market. Interchangeable lens has gained application in the film and video production industry, as well as live events and broadcasts.
By Region
North America accounted for the largest share contribution to the market growth due to the high adoption of consumer electronics particularly smartphones and action cameras, which drives the demand for interchangeable lenses in the region. Also, North America is home to several leading manufacturers of interchangeable lenses, including Canon, Nikon, and Sigma, which have significant market shares in the region. Moreover, the upsurge in the photography industry drives the demand for interchangeable lenses, as photographers look for high-quality and versatile lenses to enhance their work.
Asia-Pacific is expected to register significant growth during the upcoming period owing to increasing tourism in the region and the growing demand of lenses by tourists for capturing the best-quality images.. The growth of social media and the rising demand for sharp-quality videos is further boosting the demand for lenses in the region.
Asia-Pacific is expected to register significant growth during the upcoming period owing to increasing tourism in the region and the growing demand of lenses by tourists for capturing the best-quality images.. The growth of social media and the rising demand for sharp-quality videos is further boosting the demand for lenses in the region.
Interchangeable Lens Market Competitive Landscape:
The interchangeable lens market is highly competitive, with a large number of manufacturers and suppliers operating in the market. The players compete based on factors such as product quality, pricing, innovation, and brand recognition. Many of the players invest heavily in research and development to improve the products and stay ahead of the competition. Additionally, some players also offer value-added services, such as technical support and repair services, to differentiate themselves from the competition. Crucial players are: -
• Canon Inc.
• Nikon Corporation
• Sigma Corporation
• Tamron Co., Ltd.
• Sony Corporation
• Panasonic Corporation
• Olympus Corporation
• Fujifilm Holdings Corporation
• Zeiss AG
• Rokinon
Recent Developments:
• In 2022, Sony launched a new line of full-frame mirrorless cameras, which feature improved autofocus performance, higher resolution, and improved image stabilization technology.
• In 2022, Sigma announced the release of its L-mount alliance lenses, which are compatible with cameras from multiple manufacturers, including Panasonic and Leica.
• In 2021, Nikon announced the development of its Z mount system for full-frame mirrorless cameras, which promises sharp and clear image quality and faster autofocus.
Interchangeable lens market is estimated to reach over USD 22.05 Million by 2030 from a value of USD 18.77 Million in 2022, growing at a CAGR of 2.04% from 2023 to 2030.
The interchangeable lens market refers to camera lenses that are easily removed and replaced with other lenses. The ability to change lenses allows photographers to choose lenses that are optimized for different shooting scenarios, such as wide-angle lenses for landscapes and telephoto lenses for sports and wildlife photography. The growing culture of social media and online content creation, cause an increase in demand for high-quality images, which promotes the need for interchangeable camera lenses.
Continuous product improvement have led to better image quality and features, such as faster autofocus, increased resolution, and wider dynamic range which has driven the demand for interchangeable lenses. For instance, in October 2022, a Japanese company named OM Digital Solutions Corporation launched a new interchangeable lens OM SYSTEM OM-5 with IP531 protection, allowing it to function at -10°C. The lens also supports 4K video for high-quality recording and has versatile computational photography features. Furthermore, the growing interest of people in outdoor activities and traveling across different part of the globe, has led to an increase in demand for the interchangeable lens for compact, durable, and offer high image quality.
Interchangeable lens Market Report Coverage:
| Report Attributes | Report Details |
| Study Timeline | 2017-2030 |
| Market Size in 2030 (USD Billion) | 22.05 Million |
| CAGR (2023-2030) | 2.04 % |
| Base Year | 2022 |
| By Lens Type | Zoom Lens, Telephoto Lens, Prime lens, Macro Lens, and Special Lens |
| By Camera Lens | SLR, DSLR, and Mirrorless |
| By Focal Length | Less than 35 mm, Equal to 35 mm, and More than 35 mm |
| By Application | Media & Entertainment, Photography, and Consumer Electronics |
| By Geography | |
| Key Players | Canon Inc., Nikon Corporation, Sigma Corporation, Tamron Co., Ltd., Sony Corporation, Panasonic Corporation, Olympus Corporation, Fujifilm Holdings Corporation, Zeiss AG, Rokinon |
Market Dynamics:
Driver:
Interchangeable lenses are popular among professional photographers requiring high image quality and versatility, which has driven the growth of the market. A larger zoom range coupled with touch screen feature and constant product improvements such as HD video recording and wireless connectivity have accelerated the growth of the market. The special lenses are used in a wide range of cameras where other lenses are not applicable and provide different panoramas of landscapes, architecture, and the sky. Such application of special lenses is due to the large aperture and wide-angle which has increased the sales of interchangeable lenses globally.
Restraint:
The cost of manufacturing interchangeable lenses is expensive because of the presence of UV-coated layers and sensors, which is a barrier to the growth of the market, especially among price-sensitive consumers.
Opportunities:
The integrated approach of using the interchangeable lens with virtual reality will open lucrative opportunities for the growth of the market. The approach is projected to be widely accepted by professionals for generating 360-degree photography. Moreover, the advent of 3D and mirrorless lenses with the integration of protection features such as dust and splash resistant structure along with oil-and-water repellent coating is expected to offer opportunities by allowing to shoot in various environments.
Interchangeable Lens Market Segmentation:
By Lens Type
The lens type segment is classified into zoom lens, telephoto lens, prime lens, macro lens, and special lens. The zoom lens has dominated the market by generating maximum revenue in 2021 due to the built-in shake reduction, which allows the consumer to shoot in subdued light without a flash. Wedding photographers, sports photographers, photojournalists, and travel photographers prefer zoom lenses as the lenses have wider apertures and are made with higher-quality glass elements that produce premium-quality images. Special lens is expected to register the fastest CAGR during the forecast period, allowing the consumers to tilt and shift the lens, and is perfect for architects photography. A specific type of special lens called the fish-eye lens is the major contributor to market growth. Special lens is used in astrophotography and underwater photography because it has viewing angle close to 180° that produce a peephole effect and a panoramic perspective.
The telephoto lens is also in demand due to the high magnification ratio that makes far-away objects appear closer to the camera. Telephoto lenses reduce the perceived distance between background and foreground, impacting the viewer and creating an aesthetic effect. Prime lenses are optically faster, having a wider aperture which allows ample light and is suitable for shooting without a tripod. A prime lens is appropriate for unobtrusive shooting owing to its small size and lightweight.
By Camera lens
The camera lens is segmented into single-lens reflex (SLR), digital single-lens reflex (DSLR), and mirrorless. The DSLR holds the largest share of the market due to increased efficiency, compact size, and improved optical performance. DSLRs have an optical viewfinder and a reflex mirror that allows the consumer to see the actual image projected by the lens. DSLRs are popular among professional photographers, particularly for sports and wildlife photography, where the larger bodies and longer battery life of DSLRs provide an advantage. Moreover, manufacturers of DSLR brand have their specific mount. For instance, a lens made for Canon, will not fit on Nikon, and vice-versa.
The mirrorless camera lens is expected to witness the highest CAGR during the forecast period. This is attributed to the in-built technological features such as improved image sensors, faster image processors, and high-resolution electronic viewfinders which result in improved image quality and performance. Also, the mirrorless cameras compact and portable design is convenient for travel and everyday photography. Moreover, the use of a rear LCD screen to view the subject, allows more accurate focus and makes mirrorless camera ideal for shooting fast-moving subjects and for capturing high-quality video.
By Focal Length
The focal length segment is categorized into less than 35 mm, equal to 35 mm, and more than 35 mm. Lenses with a focal length of 35mm are considered standard lenses and are ideal for a wide range of photography subjects, from portraits to street photography. Such lenses are becoming popular due to the huge versatility and the focal length of 35 mm provides a field of view similar to the human eye.
In addition, lenses with focal length of less than 35mm also have a significant market share and are used by photographers for specific types of photography. Lenses with focal length of less than 35mm are typically wide-angle lenses and are used for landscape, architectural, and interior photography. Such lenses provide a wider field of view and are ideal for capturing large scenes. Lenses with focal length of more than 35mm are typically telephoto lenses and are used for sports, wildlife, and portrait photography. In addition, telephoto lenses offer a narrow field of view and are suitable for capturing distant subjects or compressing the background.
By Applicaton
The application segment is divided into media & entertainment, photography, and consumer electronics. The photography segment has been a major contributor to the growth of the interchangeable lens market as photographers are provided with the flexibility to change lenses to suit different shooting scenarios and styles, such as portrait, landscape, macro, and sports photography. Lenses used in the segment range from standard prime lenses to specialized lenses such as telephoto lenses, tilt-shift lenses, and fisheye lenses.
The growth of the consumer electronics segment, driven by the increasing popularity of smartphones, drones, and action cameras has also been a significant contributor to the market. Interchangeable lenses for consumer electronics are telephoto lenses and fisheye lenses which are compact, lightweight, and easy to use, becoming a popular choice among consumers. The media and entertainment segment, although smaller in size compared to photography and consumer electronics, still plays a significant role in the market. Interchangeable lens has gained application in the film and video production industry, as well as live events and broadcasts.
By Region
North America accounted for the largest share contribution to the market growth due to the high adoption of consumer electronics particularly smartphones and action cameras, which drives the demand for interchangeable lenses in the region. Also, North America is home to several leading manufacturers of interchangeable lenses, including Canon, Nikon, and Sigma, which have significant market shares in the region. Moreover, the upsurge in the photography industry drives the demand for interchangeable lenses, as photographers look for high-quality and versatile lenses to enhance their work.
Asia-Pacific is expected to register significant growth during the upcoming period owing to increasing tourism in the region and the growing demand of lenses by tourists for capturing the best-quality images.. The growth of social media and the rising demand for sharp-quality videos is further boosting the demand for lenses in the region.
Asia-Pacific is expected to register significant growth during the upcoming period owing to increasing tourism in the region and the growing demand of lenses by tourists for capturing the best-quality images.. The growth of social media and the rising demand for sharp-quality videos is further boosting the demand for lenses in the region.
Interchangeable Lens Market Competitive Landscape:
The interchangeable lens market is highly competitive, with a large number of manufacturers and suppliers operating in the market. The players compete based on factors such as product quality, pricing, innovation, and brand recognition. Many of the players invest heavily in research and development to improve the products and stay ahead of the competition. Additionally, some players also offer value-added services, such as technical support and repair services, to differentiate themselves from the competition. Crucial players are: -
• Canon Inc.
• Nikon Corporation
• Sigma Corporation
• Tamron Co., Ltd.
• Sony Corporation
• Panasonic Corporation
• Olympus Corporation
• Fujifilm Holdings Corporation
• Zeiss AG
• Rokinon
Recent Developments:
• In 2022, Sony launched a new line of full-frame mirrorless cameras, which feature improved autofocus performance, higher resolution, and improved image stabilization technology.
• In 2022, Sigma announced the release of its L-mount alliance lenses, which are compatible with cameras from multiple manufacturers, including Panasonic and Leica.
• In 2021, Nikon announced the development of its Z mount system for full-frame mirrorless cameras, which promises sharp and clear image quality and faster autofocus.
| Single user | : $3860 |
|---|---|
| Multi user | : $5460 |
| Corporate user | : $7460 |
Buy Now
Secure SSL Encrypted
Why Choose Us
Guaranteed Success
We gather and analyze industry information to generate reports enriched with market data and consumer research that leads you to success.
Gain Instant Access
Without further ado, choose us and get instant access to crucial information to help you make the right decisions.
Best Estimation
We provide accurate research data with comparatively best prices in the market.
Discover Opportunities
With our solutions, you can discover the opportunities and challenges that will come your way in your market domain.
Best Service Assured
Buy reports from our executives that best suits your need and helps you stay ahead of the competition.
Customer Testimonials
Reports Insights have understood our exact need and Delivered a solution for our requirements. Our experience with them has been fantastic.
MITSUI KINZOKU, Project Manager
I am completely satisfied with the information given in the report. Report Insights is a value driven company just like us.
Privacy requested, Managing Director
Report of Reports Insight has given us the ability to compete with our competitors, every dollar we spend with Reports Insights is worth every penny Reports Insights have given us a robust solution.
Privacy requested, Development Manager
❮
❯
| Single user | : $3860 |
|---|---|
| Multi user | : $5460 |
| Corporate user | : $7460 |
Buy Now
Secure SSL Encrypted