Camera Lens Market Expected to Witness a Sustainable Growth over 2027

Camera Lens Market Expected to Witness a Sustainable Growth over 2027

The camera lens market research study is a detailed document that presents a gist of the global industry space in terms of numerous parameters. Some of these falls along the likes of the industry insights, growth drivers, industry segmentation, and trends worldwide. Also included in the research report is information pertaining to the companies partaking in the market share and the information pertaining to the regulatory norms that impact the commercialization landscape of this vertical.

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.

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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.

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.

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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The European Commission has also planned to incorporate numerous safety measures like fatigue monitoring systems, lane-keep assistance, as well as emergency braking in all new cars by 2021. In addition, the United Nations Economic Commission for Europe (UN ECE) Regulation that was effective from 2008 helped in replacing the exterior mirrors present in cars with camera-based vision systems. This urged various other automobile firms to deploy 3D cameras which are integrated with fixed focus as well as wide-angle lenses to lend support to autonomous vehicles in precisely recognizing their position and detecting objects.

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