The global camera lens market size was valued at USD 6.15 Billion in 2025 and is anticipated to witness a compound annual growth rate (CAGR) of 7% from 2025 to 2032.
The global camera lens market is driven due to growing demand for high-performance camera lenses, the industry is expected to witness healthy growth during the forecast period. The demand for these products is likely to be driven by increasing demand for advanced features in consumer devices, the increase in the number of digital cameras, and the rising need for better image stabilization.
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The integration of artificial intelligence into camera lens market in transforming the photography industry. Ai algorithms are used in camera lenses to enhance its functionality and performance, especially in areas such as scene recognition, image processing and object identification. Along with that, AI algorithm has the potential to analyze scenes, identify objects, and automatically adjust setting such as exposure, focus, and white balance to optimize the image quality.
In June 2025, Snap launched new iOS and web versions of Lens Studio, its augmented reality (AR) creation platform, aiming to make AR lens creation more accessible. These tools enable users to generate custom AR effects using AI-driven text prompts, integrate Bitmoji avatars, and utilize trending templates. This initiative aligns with Snap's commitment to democratizing AR technology and expanding its community beyond the existing 400,000 professional developers.
In terms of application, the consumer electronics segment is expected to dominate the global market with 60.0% share in 2025 attributed to the growing consumer demand, and increasing investments in novel developments and innovations by mobile lens ODMs/OEMs. Market players are focused on improvement of the offered feature to attract customers, and gain as well as improve market share in the mobile device markets. Thus, this in turn is supporting growth of the segment. A mobile camera lens offers users with a way to enhance their smartphone photography by expanding their creative possibilities, improve image quality and providing versatility in capturing different types of shots.
In June 2025, Vivo launched a 50MP periscope telephoto lens with 10x macro zoom and up to 100x digital zoom, a first in its segment. It also features a 50MP Sony IMX921 primary sensor, a 1.5K quad-curved 120Hz AMOLED display, and is powered by the MediaTek Dimensity 9300+ chipset.
In terms of application, AR/VR/MR segment is also expected to witness significant growth in the near future and this is owing to the increasing demand for precise measurement, driving the changes in hardware. In order to offer high-resolution and accurate measurements, organizations involved in the market are experimenting with tools tapping into the possibilities of augmented reality (AR). This will further drive growth of this segment.
In May 2025, Meta and Google announced to advance their AR/AI eyewear with monocular smart glasses utilizing full-color LCOS microdisplays. Meta's Hypernova model integrates a Lumus reflective waveguide, positioning the display in the lower right of the user's view. Conversely, Google's prototype, showcased at TED 2025, employs an Avegant projector engine paired with an Applied Materials diffractive waveguide, centering the display vertically.
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Asia Pacific is also projected dominate the global camera lens market during the forecast period. This growth can be attributed to rise in adoption of consumer electronic devices in the countries across this region. The demand for smartphones along with other consumer electronic devices is significantly high in countries such as Singapore, India, the Republic of Korea, and China, and this demand encourages several vendors to set up manufacturing facilities in the region. Along with that, Asia counties have a cultural inclination towards photography and technology. Dodho Magazine features 15 talented Asian photographers, Data USA indicates there were 114,773 photographers in 2022, with a substantial portion being Asian. Thus, the region is likely to witness strong camera lens market growth in the coming future.
North America among regions, is expected to gain major share in the global camera lens market over the forecast period. The use of smartphones and other consumer electronics is growing in the region, which is connecting the population to the world of digital information. For instance, most US adults today say they use the internet (95%), have a smartphone (90%) or subscribe to high-speed internet at home (80%), according to a Pew Research Center. As of 2025, the country counts over 317 million smartphone users and a smartphone penetration rate of 97 percent. Thus, these factors are propelling camera lens market demand.
| Report Coverage | Details | ||
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| Base Year: | 2024 | Market Size in 2025: | USD 6.15 Bn |
| Historical Data for: | 2020 To 2024 | Forecast Period: | 2025 To 2032 |
| Forecast Period 2025 to 2032 CAGR: | 7% | 2032 Value Projection: | USD 9.87 Bn |
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Haesung Optics Co. Ltd., Largan Precision Co. Ltd., Tamron Co. Ltd., Sunny Optical Technology (Group) Company Limited, Sunex Inc., Kantatsu Co. Ltd., Ability opto-Electronics Technology Co. Ltd., Genius Electronic Optical Co. Ltd., AAC Technologies Holdings Inc., SEKONIX Co. Ltd., and IM Co. Ltd. |
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Increasing number of manufacturers are focused on offering smartphones with multiple camera lenses. For instance, Nokia introduced PureView 9 with 5 camera lenses. However, the use of these lenses could also be for automatically detecting the external conditions as well as changing the setting to be optimized in order to provide high picture quality. Such applications of camera lenses could be more relevant in smartphones. Thus, this trend is anticipated to grow in the global camera lens market during the forecast period.
Wafer-level optics was one of the most invested technologies in the past, which is supported by 3D sensing capability. The automotive and surveillance sectors have strong requirement this technology. Companies like AAC that successfully achieved WLO technologies will have an edge as such trends for 3D sensing capability are on the rise. As the camera lens market is highly concentrated, applications like 3D sensing are opening several doors for market growth. Thus, this trend is projected to support growth of the market in the near future.
The use of smartphone has significantly increased in past few years and the penetration of smartphone around the world is likely to reach nearly 40% of the global population by the end of 2020. Due to the wide use of camera lenses in smartphones, the DSLR segment has been negatively affected, with slowdown in growth throughout the recent years. The cause of this is the economies of scales enabling companies to provide high-resolution cameras at affordable prices with additional smartphone features. Thus, the growing sales of smartphones will drive growth of the market, in the forecast future.
The growing sales of automobiles is driving growth of the market. The number of vehicles sold is increasing across the globe. For instance, as per the Coherent Market Insights, it was estimated that in 2018, nearly 86 million cars were sold in the top 50 markets around the world with higher sales of SUVs. Moreover, the sales of electric cars increased by 75%. Due to such rise, the camera lens industry is encouraged, as the automakers are increasingly using camera lenses in cars. This proliferating use of cameras in vehicles is mainly to follow policy regulations of the governments, all over the world.
Increasing demand for technology driven camera lenses is anticipated to create growth opportunities in the global camera lens market over the forecast period. The demand for optical lenses that are light weight, have smaller footprint, and are guided by AI is increasing. Such lenses are expected to change the landscape of automotive, smartphone, industrial, medical, and surveillance sectors. Thus, demand for such technology driven camera lenses is increasing in several industries, which will create growth opportunities in the market.
Increasing medical expenses in high population regions to create lucrative environment for growth opportunities in the global camera lens market during the forecast period. Medical spending in high population regions such as Japan having greater rate of old age population has increased in recent years. Due to the presence of large number of old age population, governments in these regions are promoting early detection of diseases and minimally invasive procedures. Thus, the scope of camera lenses in medical application is increasing, which in turn is creating growth opportunities in the market.
The camera lens market is undergoing a critical transformation, driven less by volume growth and more by qualitative demand from hybrid creators—content producers who need high-quality photo and video performance in one setup. Mirrorless systems now dominate the lens ecosystem, with Sony, Canon, and Nikon aggressively phasing out DSLR-compatible lens development. For instance, Canon ceased EF lens production for most models in 2023, and Nikon has shifted nearly all new launches to Z-mount.
Innovation is being pulled more by cine-hybrid content than traditional photography. Sony's recent launch of the FE 50–150mm F2.8 GM lens is a prime example—it addresses high-speed continuous shooting and video bokeh simultaneously. Similarly, Sigma's continued success with its Art series reflects rising demand for third-party lenses with native mirrorless compatibility and performance parity.
APS-C is increasingly relegated to budget tiers, with fewer high-end lenses being developed. According to BCN Retail’s 2024 lens sales data in Japan, full-frame lenses made up over 58% of total interchangeable lens revenue, despite lower unit sales, reinforcing the premiumization trend.
Video-first content has also redefined what users value: parfocal zoom capability, linear focus response, and minimal focus breathing are now baseline expectations. This has created opportunities for brands like Viltrox and Laowa, which cater to indie filmmakers with niche optics (e.g., zero-distortion lenses, macro cine glass).
Meanwhile, professional users are demanding more compact pro-grade zooms. The rise of internal zoom mechanisms in high-performance glass (e.g., Sony 70-200mm GM II, 50-150mm F2.8 GM) confirms this design preference. Weight reduction without sacrificing optical performance is no longer a luxury—it’s a buying decision trigger.
Autofocus speed has become a measurable competitive edge. In 2024, Canon's Nano USM and Sony’s XD Linear Motors are considered benchmarks, particularly as AI-powered subject detection in bodies like the Canon R5 or Sony A1 demands near-instantaneous lens response. Lenses now contribute as much to tracking fidelity as the camera body itself.
The aftermarket is also evolving. Lens rentals are increasing across professional studios, with rental platforms reporting up to 22% YoY growth in cine lens bookings, especially in tier-2 production markets. This indicates that lens value is shifting from ownership to access—especially for high-cost optics like tilt-shift or cine primes.
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*Definition: Camera Lens is a key component of camera systems. It is used for capturing images in various applications, including automotive and consumer electronics. It enables photographers to get closer to a subject while maintaining a good depth of field.
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About Author
Raj Shah is a seasoned strategy professional with global experience, from strategy to on-the-ground operational improvements. In last 13 years, he has executed number consulting projects focused on consumer electronics, telecom and consumer-internet business leading multiple long-term engagements towards mobilizing and executing on break-through strategy - leading to tangible sales results. Raj is also acting as a strategy consultant for one of the leading online hyper local service providers in India, contributing to their growth through critical strategic decisions. Raj usually spends time after office in talking to the passionate entrepreneurs, regardless of their funding status.
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