Full frame cinema lenses account for two-thirds market share, says Fact.MR report. The report elaborates on the significant growth of usage of large format glass and adds that the global cinema lenses market is poised to expand at a CAGR (compound annual growth rate) of around 5% from 2021 to 2031, with demand for full-frame cinema lenses surging. Read the highlights below.

The demand for high-end glass

According to the Fact.MR report, the launch of cutting-edge electronic cameras that use PL mounts, has shaped the development of the worldwide market for cinema lenses. Practical, high-performing, and smaller cinema lenses are giving a significant push to market expansion. As of now, market players are profoundly focused on dispatching new variations of cinema lenses to acquire an edge across regions. To learn more about those lenses, make sure to read our articles: Large Format Cinema Lenses: Filmmakers’ Chart, and Large Format Cinema Lens Sets: A Chart for Filmmakers.

Derived by sensor innovation

The report says that the market development is driven by sensor innovation, optical symbolism, popularity for elite filmmaking hardware, the coming of HDR, and intermittent rollouts of new items. Market players should look to dispatch new products coupled with the mechanical interest and extending uses of cinema lenses. Developing interest for full-outline cinema lenses is projected to assume a basic part in boosting sales of cinema lenses over the coming years. Furthermore, as per a new report published by EOMAR-certified market research and consulting firm, the cinema lenses market is anticipated to surpass US$ 2.8 Bn valuations in 2021 and is poised to expand at a CAGR (compound annual growth rate) of around 5% over the next ten years.

Key Takeaways from Market Study

1. The cinema lenses market is anticipated to add 1.5X value by 2031
2. Full Frame cinema lenses capture a major chunk, equivalent to two-thirds of the global market share, and are set to create an absolute $ opportunity of around US$ 470 Mn over 2021-2031
3. Among the end uses, the entertainment sector has been the fastest-growing segment, owing to rise of the global film industry over the past decade.
4. North America is set to dominate market revenue in 2021
5. The market in Germany, China, and the U.S. is expected to rise at around 5% CAGR each through 2031
6. Due to the COVID-19 crisis, demand for cinema lenses was hit in 2020, which saw a decline of 2% over the 2nd and 3rd quarters of the year (“COVID-19 negatively impacted the film industry by halting film production and temporarily shutting down cinemas. Thus, sales of cinematographic lenses significantly dropped in 2020,” says a research analyst)

The key manufacturers

According to the report, the key players manufacturing cinema lenses are ARRI AG, Canon Inc., Carl-Zeiss AG, Cooke Optics Ltd., and Fujinon Corporation. Vital players have been spending on research & development to come up with newer sensors with improved lifespan and higher operational flexibility. These enhancements will drive demand and use of cinema lenses in the medium to the long-term forecast period.

Summary

The main reasons for the raised demands for full-frame glass are the elevation in 35mm, Vista Vision, and even medium format sensor sizes (due to advanced technologies), and the elevation in manufacturing efficiency which causes price reduction. At Cine Gear 2019, the guys at DCS (Digital Cinema Society) have held their great lens panel at focusing on large format cine lenses from the buyer’s point of view. The panel discussed the growing demand for glass that covers full-frame sensors. Since then, a lot of new large-format lenses have landed. This fact justifies the report stated above.