TECH FOCUS OPTICS FOR IMAGING
Life through a lens
A look at the current market for lens technology and some of the latest products available
O
ptics or lenses are an essential component of any imaging system in
order to focus the image of the examined object onto the camera sensor. They can be used to remove parallax or perspective error, or provide adjustable magnifications, field of views, or focal lengths. Lenses continue to evolve in
order to be able to accommodate the changing needs of imaging systems for a variety of applications and use cases, with consumer electronics driving demand for video capture. Other important markets include automotive, medical, security and manufacturing, with sensors being developed in different sizes and designs.
This demand is driving growth
in the lens market, according to the latest figures from market intelligence and advisory firm, Mordor Intelligence, which cited the value of the global camera lens market at $4.28bn in 2020. This is expected to reach $6.19bn by 2026, registering a compound annual growth rate of 6.5 per cent during the forecast period (2022 to 2026). The report, Camera Lens
Market – Growth, Trends, Covid-19 Impact, And Forecasts (2021-2026), highlighted that technological improvements such as image stabilisation, faster processors for digital cameras, and an increase in storage device capacity and speed, have provided a push for the market to evolve. Smartphones currently comprise a significant share of this market, which is expected to continue.
This is because of the
smartphone’s evolution to become a device similar to a dual primary camera setup. Some manufacturers have even integrated triple, quad or
42 Electro Optics November 2022
more cameras within a single device. These developments, said Mordor, have impacted the demand for lenses in the smartphone market. In addition, slow but steady developments in security applications, such as face recognition, are also generating demand for high-performance
camera lenses in the smartphone sector. However, the report also highlighted that demand in the interchangeable and changeable camera market is likely to experience slower growth, largely thanks to the aforementioned improvement
in the smartphone camera market. This, in-turn, could have an impact on the camera lens market, with the demand expected to remain relatively static at around 10 million in interchangeable and 11 million in non-interchangeable camera lenses.
@electrooptics |
www.electrooptics.com
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56 |
Page 57 |
Page 58
