Wide angle Camera Objectives Market Report 2024 (Global Edition)

Global Wide angle Camera Objectives Market Report 2024 Market Size Split by Type (Wide Angle Camera Module, Ultra-Wide Angle Camera Module), by Application (Smart Phone, Automotive, USB Camera, Others...

Wide angle Camera Objectives Market Report Description

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Wide angle Camera Objectives Market Insights Video

Competitive Landscape of the Wide angle Camera Objectives

The market is becoming more competitive as major businesses expand their product offerings and diversify by delving into wide-angle camera objectives, selling goods at competitive prices. Leveraging the rapid growth of the market, manufacturers and companies are broadening their reach through partnerships with regional players, thereby strengthening their exclusivity in the consumer market.

• In January 2023, Sigma 16-28mm f/2.8 DG DN Art is a flexible APS-C zoom lens for mirrorless cameras with professional-grade image quality.

(Source:sigmaindia.in/product/sigma-16-28mm-f2-8-dg-dn/)

• In January 2023, Tokina atm 23mm f/1.4 is a tiny and lightweight prime lens for Sony APS-C cameras that provides excellent clarity and low-light performance.

(Source:tokinalens.com/product/atx_m_23mm_f1_4_e/)

Top Companies Market Share in Wide angle Camera Objectives Industry: (In no particular order of Rank)

• LG Innotek
• Samsung Electronics
• OFILM Group
• Sunny Optical Technology
• Sharp/Foxconn
• Luxvisions Innovation Limited
• Q Technology (Group)
• Truly Opto-electronics Ltd
• Cowell e Holdings Inc
• Primax Electronics
• Jiangxi Holitech Technology
• Namuga
• Patron
• MC NEX
• JIANGXI SHINETECH OPTICAL COMPANY LIMITED
• Arducam
• Immervision
• Cowell E Holdings
• Hampo Electronic Technology
• O-Film
• Confidential Data
• Access The Paid Version
• Data Hidden

*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

North America dominated the market in 2023. It accounted for around 40% of the global revenue

According to Cognitive Market Research, North America dominated the market in 2023. It accounted for around 40% of the global revenue, with the rapid adoption of advanced imaging technologies in industries such as automotive, healthcare, and surveillance, a tech-savvy consumer base demanding high-quality visuals for everything from social media to immersive entertainment, and the ever-increasing integration of these lenses into smartphones and security systems.

Europe is the fastest-growing category as Travel and landscape photography are on the rise, as is the use of mirrorless cameras, while professional videographers and social media influencers are creating more immersive material. Furthermore, factors such as European emphasis on cultural heritage preservation and architectural photography, rising disposable incomes, and investments in advanced imaging technology drive the market's growth.

The current report Scope analyzes Wide angle Camera Objectives Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Wide angle Camera Objectives

According to Cognitive Market Research, the global wide-angle camera objectives market size was estimated at USD XX Million out of which North America held the major market of more than 40% of the global revenue with market size of USD XX million in 2023 and will grow at a compound annual growth rate (CAGR) of 8.8% from 2023 to 2030 driven by the proliferation of smartphone cameras, an increase in social media content production, and a growing desire for immersive virtual reality and 360-degree photographic experiences. As tech titans incorporate high-quality wide angles into smartphones and consumers demand ever-more dramatic images of their trips, expect this linsey environment to continue expanding. According to Cognitive Market Research, the smartphone category dominates the market as the North American population increasingly penetrates smartphones. In conclusion, the North American wide-angle camera objectives market is thriving due to the increased use of smartphones, so that social media will influence the market in the region.

Europe Wide angle Camera Objectives Market

According to Cognitive Market Research, with a market value of USD XX million in 2023 and projected to expand at a compound annual growth rate (CAGR) of 10.60% from 2023 to 2030, Europe accounted for a share of over 30% of the global market size of USD XX million consumers are increasingly demanding smartphones and other consumer goods with high-quality cameras capable of taking wide-angle photos. This increases the need for wide-angle camera objectives, which can capture more of a scene in a single photograph. According to Cognitive Market Research, smartphones are a significant consumer segment, as people rely more on smartphone uses for various activities like videography, photography, etc. In conclusion, the European wide-angle camera objectives market is thriving due to the rising use of smartphones in the region.

Asia Pacific Wide angle Camera Objectives

According to Cognitive Market Research, the global wide-angle camera objectives market size was estimated at USD XX Million, out of which Asia Pacific held a market of more than 25% of the global revenue with a market size of USD XX million in 2023 and will grow at a compound annual growth rate (CAGR) of 12.6% from 2023 to 2030 The Asia Pacific wide-angle camera objective market is expanding rapidly, driven by a powerful combination of factors. Smartphone photography is booming, fuelled by social media and influencer culture, with a need for lenses that capture expansive landscapes and immersive group selfies. Furthermore, the region's thriving travel and tourism industries provide a sizable market for shooting magnificent views. According to Cognitive Market Research, smartphone penetration is fuelling the market due to the rise in the influence of social media in people's day-to-day lives. In conclusion, the Asia Pacific wide-angle camera objectives market shows significant growth due to the rising tourism industry, where people are inclining more towards capturing and featuring experiences, making the population use more smartphones.

South America Wide angle Camera Objectives

According to Cognitive Market Research, the global wide-angle camera objectives market size was estimated at USD XX Million, out of which the Latin America market has more than 5% of the global revenue with market size of USD XX million in 2023 and will grow at a compound annual growth rate (CAGR) of 10% from 2023 to 2030 the increasing travel and real estate industries want immersive visuals, there is an increase in mobile photography using wide-angle phone lenses, and there is a rising content producer community shooting landscapes, architecture, and adventure activities. These features drive demand for low-cost, high-quality wide-angle lenses, attracting global and regional businesses looking to cater to a diversified, tech-savvy customer base keen to capture the region's lively spirit in all its glory. According to Cognitive Market Research, the rising travel industry offers a lucrative demand for smartphones with wide-angle cameras. In conclusion, the Latin American wide-angle camera objectives market exhibits steady growth, driven by the rising travel industry, influencing the capture of experiences with wide-angle camera smartphones.

Middle East and Africa Wide angle Camera Objectives

According to Cognitive Market Research, the global wide-angle camera objectives market size was estimated at USD XX Million, out of which Middle East and Africa held the major market of more than 2% of the global revenue with a market size of USD XX million in 2023 and will grow at a compound annual growth rate (CAGR) of 10.3% from 2023 to 2030 governments around the MEA area are investing considerably in tourism infrastructure and development initiatives. This leads to the construction of new hotels, resorts, and other attractions, frequently photographed with wide-angle lenses to highlight their size and grandeur. According to Cognitive Market Research, the smartphone segment has grown substantially due to the rising tourism industry in the region. In conclusion, the MEA (Middle East and Africa) wide-angle camera objectives market exhibits growth potential due to government support towards favorable actions to support the tourism industry in the region.

Wide angle Camera Objectives Market Analysis

Wide angle Camera Objectives Type Segment Analysis

According to Cognitive Market Research, ultra-wide-angle camera modules held the major market share over the forecast period. The rising use of ultra-wide-angle cameras in smartphones, especially in higher-end models, is driving the growth. An example is the 48-megapixel ultra-wide-angle camera in the iPhone 14 Pro and Pro Max.

Wide-angle camera modules are the fastest-growing category over the forecast period. Several factors are responsible for the development, including the expanding popularity of travel and adventure photography, the growing acceptance of virtual reality (VR) and augmented reality (AR) technology, and the growing need for high-quality cameras in smartphones, action cameras, and drones.

• Wide Angle Camera Module
• Ultra-Wide Angle Camera Module

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Wide angle Camera Objectives Industry. Request a Free Sample PDF!

Wide angle Camera Objectives Application Segment Analysis

According to Cognitive Market Research, smartphones hold a prominent market share, and smartphone makers increasingly include wide-angle lenses in their flagship models. Popular smartphones featuring wide-angle lenses include the iPhone 13 Pro, Samsung Galaxy S22 Ultra, and Google Pixel 6 Pro.

USB cameras are the fastest-growing category over the forecast period. In USB cameras, wide-angle lenses significantly enhance video conferencing experiences, boost productivity for streamers and content makers, and Improve accessibility for remote learning and presentations.

• Smart Phone
• Automotive
• USB Camera
• Others

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Author's Detail

Kalyani Raje

Senior Research Analyst at Cognitive Market Research

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ResearchGate Profile: https://www.researchgate.net/profile/Kalyani-Raje

An optimistic Senior Research Analyst with years of experience in competitive assessment and business consulting. A seasoned professional and subject-matter expert (SME) in the Automobile and transportation vertical.

Author's Conclusion