As per the report "Optical Lens Market By Type ( Optical Glass Lens & Resin Lens ), By Application ( Mobile phones, Cameras, Instruments & Automotive ), Estimation & Forecast, 2017-2025" In 2017, the resin lens segment generated the highest revenue share in the global optical lens market. Among major regions, North America was the highest revenue generating market, holding nearly 40% of the market share, in 2017.
“Optical lens manufacturers are entering into joint ventures, partnerships, and associations with key market players from distinct industries in order to maintain a competitive edge over their competitors. Recently, Leica Camera entered into an association with Huawei to launch smartphones having camera lenses of 40MP size and 5X optical zoom clarity.”
Camera segment is expected to grow with an impressive CAGR of 6.08% during the forecast period
The expanding tourism sector is triggering the sales of cameras, which in turn is favoring the growth of optical lens market. Innovations in technology and changing customer preferences are revolutionizing the manufacturing and design of optical camera lens. The desire of millennials to capture/record everything with crystal clarity is propelling the manufacturers to enhance their product portfolio and incorporate high feature lenses in their cameras. Such a demand for high quality cameras is fuelling the growth of this segment.
Source
“Optical lens manufacturers are entering into joint ventures, partnerships, and associations with key market players from distinct industries in order to maintain a competitive edge over their competitors. Recently, Leica Camera entered into an association with Huawei to launch smartphones having camera lenses of 40MP size and 5X optical zoom clarity.”
Camera segment is expected to grow with an impressive CAGR of 6.08% during the forecast period
The expanding tourism sector is triggering the sales of cameras, which in turn is favoring the growth of optical lens market. Innovations in technology and changing customer preferences are revolutionizing the manufacturing and design of optical camera lens. The desire of millennials to capture/record everything with crystal clarity is propelling the manufacturers to enhance their product portfolio and incorporate high feature lenses in their cameras. Such a demand for high quality cameras is fuelling the growth of this segment.
Source
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