The Digital Lenses market was valued at 8,659.08 Million US$ in 2017 and is projected to reach 11,777.13 million US$ by 2025, at a CAGR of 3.27% during the forecast period. The growth in the market is expected to be driven by the continuous demand for digital progressive lenses across the globe followed by the steady demand for digital camera lenses.
Europe accounted for the largest market for digital lenses, followed by the U.S. Europe and the U.S. accounted for more than half of the global market for digital lenses in 2018. The market for digital lenses is expected to reach 9,401.19 million USD in 2018, representing an increase of 8.57% over the previous year.
Eye care accounted for the largest market for digital lenses in 2018 with a share of 77%, led by the increasing demand for digital progressive lenses across the globe. The market for progressive lenses is expected to be fuelled by the increasing awareness about the eye health and rising disposable income in the developing countries. The market for digital lenses is also fuelled by the demand for interchangeable camera lenses and lenses for automotive cameras.
Some of the major trends in the digital lens market are the sales of lenses on ecommerce (online purchases) have been increasing significantly and represent about 8% of the total sales. Several companies have been focusing on developing new tools, such as web/social media listening, online communities, selfie videos to get consumer insights. Emerging applications such as automotive industry (for AD/ADAS applications), industrial applications such as surveillance and safety applications which require higher resolution lenses would create an opportunity for digital lenses.
The market for digital lenses used in eye care and camera applications is highly concentrated among top five players which accounted for about three-fourth of the global market in 2016, 2017 and 2018. Acquisitions, collaborations, and partnerships have been the major strategies by these companies to increase the market share in the digital lens market. ZEISS, Nikon, Essilor, Volk Optical, Canon, Fujifilm Global, Hoya Vision, Kodak, TAMRON, Sigma Corporation, Rodenstock, Shamir Optical Industry Ltd. are the leading players in the digital lens market.
Table of Contents
1 Study Coverage
1.1 Digital Lenses Product
1.2 Key Market Segments in This Study
1.3 Key Manufacturers Covered
1.4 Market by Type
1.4.1 Global Digital Lenses Market Size Growth Rate, by Type
1.4.2 Progressive Lenses
1.4.3 Single Vision Lenses
1.4.4 Camera Lenses
1.5 Market by Application
1.5.1 Global Digital Lenses Market Size Growth Rate, by Application
1.5.2 Eye Care
1.5.3 Camera
1.5.4 Others
1.6 Study Objectives
1.7 Years Considered
2 Executive Summary
2.1 Global Digital Lenses Market Size
2.1.1 Global Digital Lenses Revenue 2013-2025
2.1.2 Global Digital Lenses Production 2013-2025
2.2 Analysis of Competitive Landscape
2.2.1 Manufacturers Market Concentration Ratio (CR5 and HHI)
2.2.2 Key Digital Lenses Manufacturers
2.2.2.1 Digital Lenses Manufacturing Base Distribution, Headquarters
2.2.2.2 Manufacturers Digital Lenses Product Offered
2.2.2.3 Date of Manufacturers Enter into Digital Lenses Market
2.3 Key Trends for Digital Lenses Markets & Products
3 Market Size by Manufacturers
3.1 Digital Lenses Production by Manufacturers
3.1.1 Digital Lenses Production by Manufacturers
3.1.2 Digital Lenses Production Market Share by Manufacturers
3.2 Digital Lenses Revenue by Manufacturers
3.2.1 Digital Lenses Revenue by Manufacturers (2013-2018)
3.2.2 Digital Lenses Revenue Share by Manufacturers (2013-2018)
3.3 Mergers & Acquisitions, Expansion Plans
4 Digital Lenses Production by Region
4.1 Global Digital Lenses Production by Region
4.1.1 Global Digital Lenses Production Market Share by Region
4.1.2 Global Digital Lenses Revenue Market Share by Regions
4.2 United States
4.2.1 United States Digital Lenses Production
4.2.2 United States Digital Lenses Revenue
4.2.3 Key Players in United States
4.2.4 United States Digital Lenses Import & Export
4.3 Europe
4.3.1 Europe Digital Lenses Production
4.3.2 Europe Digital Lenses Revenue
4.3.3 Key Players in Europe
4.3.4 Europe Digital Lenses Import & Export
4.4 China
4.4.1 China Digital Lenses Production
4.4.2 China Digital Lenses Revenue
4.4.3 Key Players in China
4.4.4 China Digital Lenses Import & Export
4.5 Japan
4.5.1 Japan Digital Lenses Production
4.5.2 Japan Digital Lenses Revenue
4.5.3 Key Players in Japan
4.5.4 Japan Digital Lenses Import & Export
4.6 South Korea
4.6.1 South Korea Digital Lenses Production
4.6.2 South Korea Digital Lenses Revenue
4.6.3 Key Players in South Korea
4.6.4 South Korea Digital Lenses Import & Export
4.7 Other Regions
5 Digital Lenses Consumption by Regions
5.1 Global Digital Lenses Consumption by Regions
5.1.1 Global Digital Lenses Consumption by Regions
5.1.2 Global Digital Lenses Consumption Market Share by Region
5.2 United States
5.2.1 United States Digital Lenses Consumption and Growth Rate (2013-2018) (MILLION Units)
5.2.2 United States Digital Lenses Consumption by Type
5.2.3 United States Digital Lenses Consumption by Application
5.3 Europe
5.3.1 Europe Digital Lenses Consumption by Type
5.3.2 Europe Digital Lenses Consumption by Application
5.4 China
5.4.1 China Digital Lenses Consumption by Type
5.4.2 China Digital Lenses Consumption by Application
5.5 Japan
5.5.1 Japan Digital Lenses Consumption by Type
5.5.2 Japan Digital Lenses Consumption by Application
5.6 South Korea
5.6.1 South Korea Digital Lenses Consumption by Type
5.6.2 South Korea Digital Lenses Consumption by Application
5.7 Other Regions
6 Market Size by Type
6.1 Global Digital Lenses Production by Type
6.2 Global Digital Lenses Revenue by Type
6.3 Digital Lenses Price by Type
7 Market Size by Application
7.1 Overview
7.2 Global Digital Lenses Breakdown Dada by Application
7.2.1 Global Digital Lenses Consumption by Application
7.2.2 Global Digital Lenses Consumption Market Share by Application (2013-2018)
8 Key Industry Players
8.1 Olympus
8.1.1 Olympus Company Details
8.1.2 Company Overview
8.1.3 Olympus Digital Lenses Product Description
8.1.4 Olympus Recent Development
8.2 ZEISS
8.2.1 ZEISS Company Details
8.2.2 Company Overview
8.2.3 ZEISS Digital Lenses Product Description
8.2.4 ZEISS Recent Development
8.3 Nikon
8.3.1 Nikon Company Details
8.3.2 Company Overview
8.3.3 Nikon Digital Lenses Product Description
8.3.4 Nikon Recent Development
8.4 Essilor
8.4.1 Essilor Company Details
8.4.2 Company Overview
8.4.3 Essilor Digital Lenses Production, Revenue and Gross Margin (2013-2018)
8.4.4 Essilor Digital Lenses Product Description
8.4.5 Essilor Recent Development
8.5 Volk Optical
8.5.1 Volk Optical Company Details
8.5.2 Company Overview
8.6 Canon
8.6.1 Canon Company Details
8.6.2 Company Overview
8.6.3 Canon Digital Lenses Production, Revenue and Gross Margin (2013-2018)
8.6.4 Canon Digital Lenses Product Description
8.6.5 Canon Recent Development
8.7 Fujifilm Global
8.7.1 Fujifilm Global Company Details
8.7.2 Company Overview
8.7.3 Fujifilm Global Digital Lenses Production, Revenue and Gross Margin (2013-2018)
8.7.4 Fujifilm Global Digital Lenses Product Description
8.7.5 Fujifilm Global Recent Development
8.8 Hoya Vision
8.8.1 Hoya Vision Company Details
8.8.2 Company Overview
8.8.3 Hoya Vision Digital Lenses Production, Revenue and Gross Margin (2013-2018)
8.8.4 Hoya Vision Digital Lenses Product Description
8.8.5 Hoya Vision Recent Development
8.9 TAMRON
8.9.1 TAMRON Company Details
8.9.2 Company Overview
8.9.3 TAMRON Digital Lenses Product Description
8.10 Rodenstock
8.10.1 Rodenstock Company Details
8.10.2 Company Overview
8.10.3 Rodenstock Digital Lenses Product Description
8.10.4 Rodenstock Recent Development
9 Production Forecasts
9.1 Digital Lenses Production and Revenue Forecast
9.1.1 Global Digital Lenses Production Forecast 2018-2025
9.1.2 Global Digital Lenses Revenue Forecast 2018-2025
9.2 Digital Lenses Production and Revenue Forecast by Regions
9.2.1 Global Digital Lenses Revenue Forecast by Regions
9.2.2 Global Digital Lenses Production Forecast by Regions
9.3 Digital Lenses Key Regions Forecast
9.3.1 United States
9.3.2 Europe
9.3.3 China
9.3.4 Japan
9.3.5 South Korea
9.4 Market Forecast by Type
9.4.1 Global Digital Lenses Production Forecast by Type
9.4.2 Global Digital Lenses Revenue Forecast by Type
10 Consumption Forecast
10.1 Digital Lenses Consumption Forecast by Application
10.2 Digital Lenses Consumption Forecast by Regions
10.3 United States
10.4 Europe
10.5 China
10.6 Japan
10.7 South Korea
11 Value Chain and Sales Channels Analysis
11.1 Value Chain Analysis
11.2 Sales Channels Analysis
11.2.1 Digital Lenses Sales Channels
11.2.2 Digital Lenses Distributors
12 Market Opportunities, Challenges, Risks & Influences Factors Analysis
12.1 Market Opportunities and Drivers
12.2 Market Challenges
12.3 Market Risks/Restraints
12.4 Key World Economic Indicators
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.1.1 Research Programs/Design
13.1.1.2 Market Size Estimation
13.1.1.3 Breakdown and Data Triangulation
13.1.2 Data Source
13.1.2.1 Secondary Sources
13.1.2.2 Primary Sources
SDMR employs a three way data triangulation approach to arrive at market estimates. We use primary research, secondary research and data triangulation by top down and bottom up approach
Secondary Research:
Our research methodology involves in-depth desk research using various secondary sources. Data is gathered from association/government publications/databases, company websites, press releases, annual reports/presentations/sec filings, technical papers, journals, research papers, magazines, conferences, tradeshows, and blogs.
Key Data Points through secondary research-
Macro-economic data points
Import Export data
Identification of major market trends across various applications
Primary understanding of the industry for both the regions
Competitors analysis for the production capacities, key production sites, competitive landscape
Key customers
Production Capacity
Pricing Scenario
Cost Margin Analysis
Key Data Points through primary research-
Major factors driving the market and its end application markets
Comparative analysis and customer analysis
Regional presence
Collaborations or tie-ups
Annual Production, and sales
Profit Margins
Average Selling Price
Data Triangulation:
Data triangulation is done using top down and bottom approaches. However, to develop accurate market sizing estimations, both the methodologies are used to accurately arrive at the market size. Insert Image