NEW YORK, Nov. 20, 2018 (GLOBE NEWSWIRE) -- Cine Lens Market size is expected to grow from USD 3,050.5 Million in 2017, to USD 4,518.0 Million in 2024, at a CAGR of 5.8% from 2018 to 2024. Factors propelling the growth of cine lens market include strong demand in cinema and video production industry for higher quality & continuous motion recording lenses. Moreover, increasing demand of a wider range of lenses in terms of focal length, dynamic range & zooming capabilities has augmented the growth of cine lens market. The report segments the Cine Lens market by Focal Length (wide angle ((14-35 mm)), normal ((35-70mm)), Medium Telephoto ((70-135mm)), telephoto ((>135mm)), by Resolution (2k, 4k, others), by Image Projection (anamorphic, spherical), by Zooming capabilities (prime, zoom), by Application (amateur, professional), by product Type (entry-class, medium-class, high-end class), and by Region (North America, Europe, Asia-Pacific, Rest of World). The report studies the global Cine Lens market over the forecast period (2018-2024).
Cine lenses are high quality lenses offering exceptional video quality and effectively recording continuous motion, which makes them an ideal contender for the purpose of filmmaking and video production. A cinema lens has more features, intricate design, and relatively complex construction in comparison to still photo lenses.
Key Findings From Global Cine Lens Market
- The global cine lens market is expected to increase from USD 3.050.5 million in 2017, to USD 4,518.0 million in 2024, at a CAGR of 5.8% during 2018 -2024
- Application in cinematography held the largest market share of the global cine lens market and is expected to grow at a significant rate during the forecast period, owing to rapidly developing and expanding filmmaking industry across the globe
- The cine lens application for video production purpose is expected to grow at high rate, owing to superiority over still photo lens in terms of design, construction, and features.
- The U.S. holds the largest share in the global cine lens market in 2017. The growth in the region is attributed to the leading Hollywood industry accompanied by the presence of one of the largest manufacturers of cine lens.
- Key players in cine lens Market are Sony, Zeiss, Canon, Fujinon, Tokina, Leica, Angenieux, ARRI, Schneider, and Cooke Optics among others.
Cinema Lens – Expanding lens product portfolio in filmmaking industry
Cine lens products offering a superior alternate to still photo lens find application in ad-making, video production, and filmmaking demanding precise focus control, better light & aperture control, internal zoom control, and exceptional photo & video quality. Cine lens are sturdy typically with all metallic body, offering high durability in harsh weather conditions, extending its usage in consumer applications. Cine lens comes with a standard diameter allowing the use of a wide range of accessories and cameras, with no fitting issues. With the help of focus rings on cine lenses, focus is easily maintained and switched between subjects contrary to still photo lenses which need extreme precision. Further, usage of anamorphic cine lens offers a wide range of aspect ratio which utilizes the entire frame giving creative options to video producers. This in turn has created opportunity for cine lens manufacturers to expand their product portfolio in filmmaking industry.
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Cine Lens Market- Regional Insight
Asia Pacific represented the largest cine lens market across the globe. China, India, Korea, and Japan are at the fore front in this region. China is the fastest growing cine film market in Asia-Pacific attributed to high box office revenue and very high audience numbers. North America represents the second largest region for the growth of global Cine Lens market. The U.S. is at the forefront of the cine lens market in this region. The major factor driving the U.S. cine lens market is the dominance of Hollywood in the film industry across the globe. Major manufacturers present in this region along with vertically integrated (spanning from production to distribution) film industry services & activities has also aided in the rise of cine lens market in this region. Furthermore, rise in demand of advanced lenses with better focusing and zooming capabilities has propelled the growth of the cine lens market in the North American region. The cine lens market in Europe has expanded due to constant investment and collaborative marketing strategies.
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