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Zoom Lens Market to Surpass USD 359.20 million by 2032, Driven by Growing Demand for High-Resolution Imaging | Report by SNS Insider
GlobeNewswire News Roomยท 2025-06-10 13:10
Core Insights - The Zoom Lens Market is projected to grow from USD 268.48 million in 2024 to USD 359.20 million by 2032, with a CAGR of 3.76% from 2025 to 2032 [1][7]. Market Growth Drivers - The growth of the Zoom Lens Market is driven by applications in surveillance, medical imaging, industrial automation, and transportation, with significant contributions from IoT and AI integration in surveillance systems [1]. - The U.S. market size is expected to increase from USD 63.29 million in 2024 to USD 72.15 million by 2032, growing at a CAGR of 1.70% [1]. Regional Outlook - North America held a 38.65% revenue share in 2024, leading the market due to advancements in surveillance and industrial automation [4]. - Asia Pacific is anticipated to grow at the fastest CAGR of 4.81% from 2025 to 2032, driven by consumer electronics and smart city initiatives in countries like Japan, China, and India [5]. Market Segmentation by Product Type - The Electric Zoom segment dominated the market in 2024 with a 62.87% revenue share, supported by demand in surveillance and broadcasting [8]. - The Manual Zoom segment is projected to grow at a CAGR of 5.29% from 2025 to 2032, appealing to budget-conscious users and hobbyists [9]. Market Segmentation by Application - The Security Monitoring segment held the largest market share at 32.82% in 2024, driven by the demand for high-resolution surveillance [10]. - The Industrial Automation segment is expected to grow at a CAGR of 5.22% by 2032, reflecting the increasing applications in machine vision and robotics [11]. Key Industry Players - Major players in the Zoom Lens Market include Young Optics, Fujifilm Holdings Corporation, IOT Lenses, Canon, Nikon, SONY, Tamron, CBC, Kenko, and Kowa [12].