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Global Macro Lenses Market Expected to Drop to US$ 581 Mn by the End of 2025

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 Published Date : 22 Nov 19   |   Views: 32   |  Industry : Electronics & Semiconductor

Global Macro Lenses Market Expected to Drop to US$ 581 Mn by the End of 2025

QYR Consulting has published a new report categorized under Electronics & Semiconductor industry titled, “Macro Lenses Market Report: Company Analysis, History and Future Overview, Global Sales Trends by 2025”. According to the study published in the report, the global Macro Lenses market was valued at US$ 697 Mn, in 2018 and is projected to drop to US$ 581 Mn by the end of 2025. The global Macro Lenses market is expected to register a fall of CAGR -2.6% over the forecast period, i.e. 2018 to 2025. Macro Lenses enable magnification of small objects to reproduce and enlarge an image on the camera screen and in print. They also provide greater attention to detail and with technical accuracy for high-quality close-ups.

Segmental Analysis

Macro Lens Up To 100mm Focal Length to Provide High-Quality Sharp Images

 

Based on the product, the market is bifurcated into Focal Length > 100 mm, 60 mm < Focal Length ≤ 100 mm, and 20 mm ≤ Focal Length ≤ 60 mm. Usage of Macro Lenses can produce high-quality sharp images. Macro lenses up to 100mm focal length provide image stabilization, improves lighting, and offer high magnification, which is why the segment is grabbing a remarkable share in the market. Based on the application, the Macro Lenses market is segregated into professional users and amateur users.

 

Global Macro Lenses Market Expected to Drop to US$ 581 Mn by the End of 2025

Asia Pacific

Global Macro Lenses Market Expected to Drop to US$ 581 Mn by the End of 2025

Regional Analysis


Availability of Affordable Alternatives in Asia Pacific Region to Hinder Market Growth 

 

The global Macro Lenses market is segmented into Europe, North America, Asia-Pacific, South America, Africa, and Middle-East. Leading companies hold a considerable presence in regional markets of Europe and North America. Emerging markets such as India and China in the Asia-Pacific region are witnessing increasing levels of disposable income. However, consumers prefer to opt for affordable options available in advanced photography likely to obstruct market growth.

Key Players


Manufacturers Keen to Offer Product Development and Innovation to Boost Sales

Major companies of the global Macro Lenses market are Nikon, Sony, Canon, Zeiss, Hongkong Meike Digital Technology, Tamron, Sigma Corporation, Anhui Changgeng Optics Technology Co., Ltd, Olympus, Tokina, Ricoh, Fujifilm, Panasonic, and Samsung among others. Manufacturers are keen on product development and innovation to offer better results to consumers.

 


Global Macro Lenses Market Expected to Drop to US$ 581 Mn by the End of 2025

Global CAGR During 2019-2025


2.6%

Market Dynamics


Difficulty in Handling and Negligible Versatility to Hamper Growth of the Market

 

High technological costs and eventually a higher cost of the product is predicted to impede the growth of the market. Macro Lenses are often designed for a very specific purpose, which is magnification. This is a major constraint affecting the product in providing versatility resulting in a challenge for the product in the future. Alternatives to macro lenses such as extension tubes, which are more affordable and cost-effective are also restraining the growth of the market. Longer and heavier lenses pose a difficulty in handling due to other constraints such as portability issues in the setup in the field and need for speed.


For further information, check: https://www.qyrconsulting.com/reports/macro-lenses-market


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