Motorized Zoom Lens Market Size, Share, Growth, and Industry Analysis, By Type (Below 300mm, 300mm-1000mm and Above 1000mm), By Application (Border Defense, City, Security, Highway and Others), Regional Forecast To 2031

Updated On: 15 April 2024

Motorized Zoom Lens Market Report Overview

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The global motorized zoom lens market size was in USD 291.5 million 2022 & the motorized zoom lens market is expected to reach USD 648 million by 2031, exhibiting a CAGR of 9.3% during the forecast period. 

The COVID-19 pandemic has been unprecedented and staggering, with experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise/decline in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.

A Motorized Zoom Lens is a type of camera lens that includes a motorized mechanism for adjusting the focal length and, as a result, the magnification. The focal length influences the angle of view and the amount of magnification of the scene, allowing you to zoom in and out on a topic without physically altering the lens. The motorised zoom system enables for remote or automated zoom control. This is especially beneficial in photography, videography, surveillance systems, and even scientific imaging, where the lens may be adjusted without requiring personal intervention. It provides simplicity and versatility, especially when photographing subjects at varied distances or making real-time edits.

Motorized zoom lenses are ubiquitous in professional cameras, camcorders, security cameras, and other imaging systems that require fine control over the zoom level. They can be operated via dedicated camera buttons or via remote control devices. They can also be integrated into automated systems in some circumstances to meet specific imaging goals. Manufacturers were developing motorized zoom lens applications beyond standard photography and filming. These lenses, for example, were employed in industries such as surveillance, industrial automation, and scientific imaging. Some camera manufacturers emphasized ecologically friendly practices and materials in the production of motorized zoom lenses, harmonizing with broader technology industry sustainability themes.

COVID-19 Impact: Supply Chain Disruptions to Hinder Market Growth

The pandemic caused global supply chain disruptions, disrupting the manufacture and distribution of various electrical components and products, including camera equipment. This could have hampered the production and availability of motorized zoom lenses, causing production and delivery delays. Lockdowns, travel restrictions, and social distancing measures restricted demand for some consumer electronics, such as cameras and related accessories. With fewer individuals participating in activities such as photography, videography, or travel, the demand for motorized zoom lenses may have reduced at times. The epidemic altered how people worked, communicated, and collaborated. With more distant work and virtual events, there is a greater need for cameras, video conferencing technology, and streaming equipment.

LATEST TRENDS

"Advanced Autofocus and Tracking to Enhance Market Growth"

Motorised zoom lenses were becoming more advanced in terms of autofocus and subject tracking. This movement aims to improve the ease of use and accuracy when photographing or videotaping moving subjects. Motorised zoom lenses were increasingly being integrated into smartphones and other smart gadgets. Some high-end smartphones began to include motorised zoom lenses, allowing users to attain optical zoom capabilities without sacrificing the device's small size. The employment of artificial intelligence and computational photography techniques in camera systems, notably those with motorised zoom lenses, was becoming more common. These technologies could improve image quality, improve low-light performance, and possibly aid in real-time zoom level adjustments.

Motorized Zoom Lens Market Segmentation

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• By Type

Based on type market is classified as Below 300mm, 300mm-1000mm and Above 1000mm.

• By Application

Based on application market is classified as border defence, city, security, highway and others.

DRIVING FACTORS

"Applications in Various Industries to Augment Market Growth"

Optics, electronics, and motorization technology advancements all play a role in the development of motorised zoom lenses. Autofocus algorithm advancements, image stabilisation, and compact motor designs all contribute to the usefulness and performance of these lenses. Convenience and simplicity of use are important to users in both the consumer and professional industries. Motorised zoom lenses can adjust focal lengths remotely or automatically, removing the need for manual lens changes and allowing for speedy adaptability to changing shooting conditions. Motorised zoom lenses are used in applications other than typical photography and filmmaking. Surveillance, telemedicine, industrial automation, scientific imaging, and other industries benefit from motorised zoom lenses' remote control and flexibility to various settings.

"Evolving User Preferences to Propel Market Growth"

With the rise of remote work, virtual events, and automated systems, there is an increased demand for motorised zoom lenses that can be controlled remotely or integrated into automated systems. This is especially important for video conferencing, live streaming, and security applications. The integration of motorised zoom lenses with smartphones and other smart devices takes use of these devices' ubiquity and capabilities, allowing users to record high-quality photographs and movies with optical zoom functionality. Photographers and videographers can experiment with creative views by swiftly changing focus lengths and modifying compositions with motorised zoom lenses. This adaptability opens up new artistic possibilities and approaches to scene capturing. As camera equipment manufacturers compete, the creation of unique features such as motorised zoom lenses can be used to differentiate products and attract customers searching for sophisticated capabilities.

RESTRAINING FACTORS

"Complexity and Reliability to Impede Market Expansion"

Motorised zoom lenses can be more expensive to manufacture and purchase than manual zoom lenses. The increased motorization and electronic components may result in greater production costs, which may deter certain consumers or enterprises with limited budgets. The introduction of motorised components complicates the lens design. This intricacy may result in dependability difficulties, such as motor breakdowns or malfunctions, affecting user trust and pleasure. Power is required for motorised zoom lenses to function their motorised mechanics. This has the potential to reduce battery life in cameras and other gadgets, necessitating more frequent recharging or battery replacements. The addition of motorization components to a lens might increase its size and weight, which may be an issue for customers looking for compact and lightweight camera setups.

Motorized Zoom Lens Market Regional Insights

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"Asia Pacific to Dominate the Market Due to Technological Achievements"

Asia Pacific are major players in the motorized zoom lens market share. Both countries have a long history of optical innovation and technological achievements, including the development of motorised zoom lens technology. Several significant camera and electronics manufacturers are based in the Asia-Pacific area, which adds to the production and supply of motorised zoom lenses. In this region, demand for motorised zoom lenses has been fuelled by growing economies, a big population, and increased interest in photography, videography, and consumer electronics. The significance of the motorised zoom lens industry is due to high levels of research and development, as well as a culture of innovation and technological adoption.

KEY INDUSTRY PLAYERS

"Key Players Focus on Partnerships to Gain a Competitive Advantage"

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

List of Market Players Profiled

• Fujifilm (Japan)
• Tamron (Japan)
• Goyo (Japan)
• CBC Computar (U.S.)
• Tokina Corporation (Japan)
• Kowa (Japan)
• Hanwha Techwin (South Korea)
• Yamako (Japan)

REPORT COVERAGE

The report anticipates a detailed analysis of the global market size at the regional and national level, the ssegmentation market growth and market share. The prime objective of the report is to help user understand the market in terms of definition, market potential, influencing trends, and the challenges faced by the market. Aanalysis of sales, the impact of the market players, recent developments, opportunity analysis, strategic market growth analysis, territorial market expansion, and technological innovations are the subject matter explained in the report.