The Latin America, Middle East and Africa Zoom Lens Market would witness market growth of 10.3% CAGR during the forecast period (2023-2030). In the year 2026, the LAMEA market's volume is expected to surge to 361.3 thousand Units, showcasing a growth of 11.6% (2023-2030).
The establishment of online marketplaces and e-commerce platforms has made it simpler for customers to acquire a variety of zoom lenses and evaluate their costs and features. This has an impact on traditional camera stores. Some notable trends include the development of mirrorless cameras and mirrorless-specific zoom lenses and the demand for compact and lightweight zoom lenses for travel and outdoor photography.
Zoom lenses are essential for photographers and enthusiasts to get close-up shots of athletes in action, artists performing on stage, and intricate cultural details. The adaptability of zoom lenses, which allow users to alter focal lengths to capture distant and close-up subjects, renders them indispensable for seizing the essence of these short-lived and dynamic moments. In response to the universal desire to document and preserve the extraordinary experiences that global events offer, the increase in demand for zoom lenses during such events becomes a key market driver for photography equipment.
Zoom lenses are adaptable, enabling photographers and videographers to capture a variety of focal lengths without switching lenses. This versatility makes them suitable for various photography genres, from landscape and wildlife to portraits and sports. Zoom lenses are convenient for everyday photography and travel. They reduce the need for multiple lenses, making them popular for enthusiasts and travellers who want to keep their gear lightweight and compact.
The LAMEA region has seen substantial growth in the media and entertainment industry, including film and television production. Professionals in this sector often rely on zoom lenses for video production, contributing to the demand for such equipment. As per the Government of UAE, the media and entertainment (M&E) industry has been one of the first to steer digital disruption in the Middle East. The entertainment industry has experienced remarkable growth over the past five years, with 2,189 new licenses, 1,809 new permits, and over 2,500 events attracting over 80 million attendees by 2021. Hence, with rise in the number of media and entertainment industry in the LAMEA region, the zoom lens market will grow automatically.
The Brazil market dominated the LAMEA Zoom Lens Market, by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $134.9 Million by 2030. The Argentina market is estimated to grow at a CAGR of 10.9% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 10% during (2023 - 2030).
Based on Application, the market is segmented into Photography, Surveillance, Medical imaging, Industrial inspection, and Astronomy. Based on Type, the market is segmented into Standard, Wide-angle, Telephoto, and Macro. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Worldwide Zoom Lens Market is Projected to reach USD 7.1 Billion by 2030, at a CAGR of 7.8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Carl Zeiss AG, Fujifilm Holdings Corporation, ARRI AG, Sony Corporation, Nikon Corporation, Canon, Inc., Tamron Co., Ltd., Cooke Optics Limited (Caledonia Investments Plc), Kenko Tokina Co., Ltd., Angénieux (Thales Group)
By Application (Volume, Thousand Units, USD Million, 2019-2030)
By Type (Volume, Thousand Units, USD Million, 2019-2030)
By Country (Volume, Thousand Units, USD Million, 2019-2030)
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