Cinema Lenses Market: Current Analysis and Forecast (2023-2030)

The most frequently used optical components in the construction of digital cameras, which aid photographers in efficiently capturing pictures, are cinema lenses. The various types of pitches, sensor sizes, and camera mounts all affect the broad range of cinema lenses that are available. For their cinematic projects, photographers primarily depend on cameras with built-in optical lenses of reliable image output. Today, to capture high-resolution video material, filmmakers use 4k quality-based video cameras. As the resolution of 4K and 8K cameras increases, there is an increasing demand for higher-quality lenses. Filmmakers are searching for lenses that can provide the same degree of clarity and detail as these cameras grow in popularity. The need for high-resolution movie lenses is increasing because of this and drive the cinema lenses market.

The cinema lenses market is expected to grow at a steady rate of around CAGR of 6% from 2023 to 2030 owing to rise in consumption of the smartphones. Smartphone cameras frequently incorporate cinematic lenses. Thus, the market expands as the number of cellphones is used. Smartphone sales in India climbed at a pace of 18.91% from 2012 to 2018, according to the research "Competition Problems in India's Mobile Handset Market" by the Indian Center for Research on International Economic Relations. Moreover, rising consumer tendencies towards wedding photography and festival videography result in a higher demand for digital cameras, which in turn increases the rate at which cine lenses consumed. For instance, In 2022, Zeiss launched Supreme Prime 15 mm T1.8, a new cinematic lens in the market. This high- quality product is lightweight and versatile. The purpose of the product launch is to meet the growing demand of the film industry. The lens has benefitted cinematographers around the world in high-end episodic production.

Based on lens design, the market is segmented into prime lenses and zoom lenses. Zoom lenses segment dominant cinema lenses market. Due to such lens types being more expensive than prime lenses, which leads to greater revenue from such a segment. Additionally, zoom optics give users the flexibility to adjust the camera's focal length to meet their needs and take effective pictures. This makes it easier to meet the demand for cameras with telescopic lenses. For instance, in 2021, Two new items, the 21-56 T2.9 and 37-102 T2.9, are part of the newest series of Optimo Ultra-Compact Zoom Lenses introduced by Angenieux. These full-frame options include the new optimo ultra-compact zooms, optimo ultra 12X, and optimo primes. The company is concentrating on creating small, light items with high-precision optics and mechanics to serve the film industry.

Based on application, the market is segmented into film industry, households and others. The film industry segment holds a significant share of the global cinema lenses market. Cameras with zoom lenses thought to be the most expensive sort of camera utilised for filming assignments. Thus, it is anticipated that the film sector will account for a sizable portion of the global market due to the widespread use of digital cameras with zoom lenses. For Instance, in 2021, Two large format lens series were created by Arri AG: the Moviecam spherical lenses and the ALFA anamorphic lenses. In order to fulfil the needs of many sorts of cinematographers, the series was created by ARRI Rental's worldwide lens development team with the assistance of filmmakers, including Greig Fraser.

Based on distribution channel, the market is segmented into offline and online. The offline segment is expected to hold a major share of the market since customers who purchase cine lenses from specialty shops or brand stores can see and comprehend the features firsthand. If a customer is new to cinematography, the offline sector enables them to purchase the product the same day and even receive instruction from the salesperson. For Instance, Canon USA, Inc. in their Middle Eastern shop introduced the EOS C300 MARK III in April 2020, a next-generation cinema system camera with an 8k capability and 10x Zoom power.

For a better understanding of the market adoption of the cinema lenses market, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, and the Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. North America dominant market share in 2020. The main drivers of the expansion of the North American cinema lenses market are due to significant presence of well-known firms in nations like the United States and Canada, including Canon USA Inc., Adorama Camera Inc., Tamron Canada, and others. Also, the region has a high demand for smartphones with built-in cinematic lenses due to the region's population's easy access to smartphone technology. For Instance, 90% of Americans will have access to smartphones by May 2020, according to research from the International Journal of Environmental Research and Public Health.

Some of the major players operating in the market include: Zeiss, Cooke Optics Limited, Angenieux, Leica, Canon, Schneider, TOKINA, Samyang, ARRI, Fujifilm (Fujinon).