Objective Lenses Market
Objective Lenses Market Forecasts to 2030 - Global Analysis By Product Type (Scanning Objective Lens, Low Power Objective Lens, High Power Objective Lens and Oil Immersion Objective Lens), Type (Achromatic, Apochromatic, Plan and Other Types), Immersion, Magnification, Application, End User and By Geography
|
Years Covered |
2022-2030 |
|
Estimated Year Value (2024) |
US $3.3 BN |
|
Projected Year Value (2030) |
US $5.1 BN |
|
CAGR (2024-2030) |
7.4% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
North America |
|
Highest Growing Market |
Asia Pacific |
According to Stratistics MRC, the Global Objective Lenses Market is accounted for $3.3 billion in 2024 and is expected to reach $5.1 billion by 2030 growing at a CAGR of 7.4% during the forecast period. Objective lenses are critical components in optical systems such as microscopes and cameras, designed to gather light from a specimen and focus it to create a clear and magnified image. They play a vital role in determining the resolution and clarity of the observed sample. The objective lenses are witnessing growth due to advancements in imaging technology, increased demand for high-precision instruments in medical and industrial applications, and the rising focus on research and development activities globally.
According to the European Microscopy Society, the microscopy market has been growing steadily at around 5-6% annually, driven by increasing demand from life sciences research, semiconductor inspection, and materials science applications. According to data from the National Institute of Standards and Technology (NIST), the global microscopy market was valued at around $5 billion in 2019.
Market Dynamics:
Driver:
Rising demand in life sciences
The increasing demand for objective lenses in life sciences is a significant market driver. These lenses are essential in various applications, including microscopy, diagnostics, and research. The growing focus on biomedical research, drug discovery, and the need for high-precision imaging in medical diagnostics are propelling the demand for advanced objective lenses. As life sciences continue to expand, the requirement for high-quality imaging solutions will drive the growth of the objective lenses market.
Restraint:
High cost
The high cost of objective lenses is a major restraint in the market. Advanced objective lenses, especially those used in high-precision applications, are expensive due to the sophisticated materials and manufacturing processes involved. This high cost can limit their adoption, particularly in price-sensitive sectors such as education and small-scale research facilities. The expense associated with these lenses can also hinder market growth in developing regions where budget constraints are more pronounced.
Opportunity:
Integration with digital technologies
The integration of objective lenses with digital technologies presents a significant market opportunity. Digital microscopy and imaging systems enhance the capabilities of traditional objective lenses, offering features such as real-time data analysis, image storage, and remote collaboration. These advancements improve the efficiency and accuracy of research and diagnostic processes. As digital transformation continues to permeate the life sciences and industrial sectors, the demand for digitally integrated objective lenses is expected to rise, driving market growth.
Threat:
Technological obsolescence
Technological obsolescence poses a threat to the objective lenses market. Rapid advancements in imaging technologies and the continuous development of new, more efficient lenses can render existing products obsolete. Companies must invest in ongoing research and development to keep pace with technological changes and maintain their competitive edge. Failure to innovate can result in reduced market share and profitability as customers shift to newer, more advanced solutions.
Covid-19 Impact:
The Covid-19 pandemic had a mixed impact on the objective lenses market. While the demand for scientific research and healthcare equipment, including objective lenses, increased, supply chain disruptions and manufacturing delays hindered production and distribution. The pandemic underscored the importance of advanced imaging technologies in medical diagnostics and research, driving long-term growth prospects despite short-term challenges.
The achromatic segment is expected to be the largest during the forecast period
The achromatic segment is expected to be the largest during the forecast period. Achromatic lenses are widely used in various applications due to their ability to correct chromatic aberrations, providing clear and accurate images. Their versatility and cost-effectiveness make them popular in educational, research, and industrial settings. The broad applicability and reliability of achromatic lenses contribute significantly to their dominance in the objective lenses market.
The high magnification (?50x) segment is expected to have the highest CAGR during the forecast period
The high magnification (?50x) segment is expected to have the highest CAGR during the forecast period. High magnification lenses are crucial for detailed imaging in advanced research and medical diagnostics. The increasing demand for high-resolution imaging in fields such as microbiology, pathology, and materials science drives the growth of this segment. As research and diagnostic techniques become more sophisticated, the need for high magnification lenses will continue to rise, fueling market expansion.
Region with largest share:
The North America region is positioned to dominate the Objective Lenses Market. The region's advanced healthcare infrastructure, significant investments in research and development, and the presence of leading market players contribute to its dominance. High adoption rates of advanced imaging technologies in medical and research institutions further bolster the market share of objective lenses in North America.
Region with highest CAGR:
The Asia Pacific region anticipates rapid growth in the Objective Lenses Market. Increasing investments in healthcare and research infrastructure, particularly in countries like China, India, and Japan, drive market expansion. The growing focus on scientific research, coupled with rising demand for advanced diagnostic tools, contributes to the high CAGR in this region. Additionally, the burgeoning medical tourism industry and improving economic conditions support market growth in Asia Pacific.
Key players in the market
Some of the key players in Objective Lenses Market include Nikon Corporation, Olympus Corporation, Carl Zeiss AG, Leica Microsystems, Canon Inc., Sony Corporation, Panasonic Corporation, Sigma Corporation, Tamron Co., Ltd., Fujifilm Holdings Corporation, Edmund Optics Inc., Thorlabs, Inc., Navitar, Inc., Jenoptik AG, Meiji Techno Co., Ltd., Mitutoyo Corporation, Motic, OptoSigma Corporation, Newport Corporation and Infinity Photo-Optical Company.
Key Developments:
In April 2024, Sony Electronics is pleased to announce the FE 16-25mm F2.8 G (SEL1625G), a large-aperture wide-angle zoom lens compatible with Sony's ?™ (Alpha™) E-mount cameras. This latest addition delivers sharp imagery from 16 mm through 25 mm while maintaining a maximum aperture of F2.8 over the entire zoom range. The FE 16-25mm F2.8 G is the smallest and lightest constant F2.8 zoom lens that Sony has produced to date. The compact design is a signature feature of Sony's G lens series and makes it a highly portable lens option.
In March 2024, Nikon has expanded its mirrorless camera lens portfolio with new Z mount lenses, including the Nikkor Z 135mm f/1.8 S Plena and Nikkor Z DX 18-140mm f/3.5-6.3 VR, designed for various shooting scenarios from portraiture to wide-angle shots.
In July 2023, The Indian subsidiary of Carl Zeiss, a German manufacturer of optical systems and optoelectronics, has announced plans to invest $272.4m (€247.6m) to build a new spectacle lens production facility in Bangalore, India. The new plant will be able to manufacture 260,000 lenses every day.
Product Types Covered:
• Scanning Objective Lens
• Low Power Objective Lens
• High Power Objective Lens
• Oil Immersion Objective Lens
Types Covered:
• Achromatic
• Apochromatic
• Plan
• Semi-Plan
• Fluorite
• Other Types
Immersions Covered:
• Air
• Oil
• Water
• Glycerine
Magnifications Covered:
• Low Magnification (?10x)
• Medium Magnification (10x-50x)
• High Magnification (?50x)
Applications Covered:
• Cameras
• Machine Vision
• Microscopes
• Telescopes
• Other Applications
End Users Covered:
• Academic and Research Institutes
• Life Sciences Companies
• Industrial and Manufacturing Industries
• Educational Institutions
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 Application Analysis
3.8 End User Analysis
3.9 Emerging Markets
3.10 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Objective Lenses Market, By Product Type
5.1 Introduction
5.2 Scanning Objective Lens
5.3 Low Power Objective Lens
5.4 High Power Objective Lens
5.5 Oil Immersion Objective Lens
6 Global Objective Lenses Market, By Type
6.1 Introduction
6.2 Achromatic
6.3 Apochromatic
6.4 Plan
6.5 Semi-Plan
6.6 Fluorite
6.7 Other Types
7 Global Objective Lenses Market, By Immersion
7.1 Introduction
7.2 Air
7.3 Oil
7.4 Water
7.5 Glycerine
8 Global Objective Lenses Market, By Magnification
8.1 Introduction
8.2 Low Magnification (?10x)
8.3 Medium Magnification (10x-50x)
8.4 High Magnification (?50x)
9 Global Objective Lenses Market, By Application
9.1 Introduction
9.2 Cameras
9.3 Machine Vision
9.4 Microscopes
9.4.1 Brightfield
9.4.2 Fluorescence
9.4.3 Confocal
9.5 Telescopes
9.5.1 Astronomical Telescopes
9.5.2 Spotting Scopes
9.6 Other Applications
10 Global Objective Lenses Market, By End User
10.1 Introduction
10.2 Academic and Research Institutes
10.3 Life Sciences Companies
10.4 Industrial and Manufacturing Industries
10.5 Educational Institutions
10.6 Other End Users
11 Global Objective Lenses Market, By Geography
11.1 Introduction
11.2 North America
11.2.1 US
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 Italy
11.3.4 France
11.3.5 Spain
11.3.6 Rest of Europe
11.4 Asia Pacific
11.4.1 Japan
11.4.2 China
11.4.3 India
11.4.4 Australia
11.4.5 New Zealand
11.4.6 South Korea
11.4.7 Rest of Asia Pacific
11.5 South America
11.5.1 Argentina
11.5.2 Brazil
11.5.3 Chile
11.5.4 Rest of South America
11.6 Middle East & Africa
11.6.1 Saudi Arabia
11.6.2 UAE
11.6.3 Qatar
11.6.4 South Africa
11.6.5 Rest of Middle East & Africa
12 Key Developments
12.1 Agreements, Partnerships, Collaborations and Joint Ventures
12.2 Acquisitions & Mergers
12.3 New Product Launch
12.4 Expansions
12.5 Other Key Strategies
13 Company Profiling
13.1 Nikon Corporation
13.2 Olympus Corporation
13.3 Carl Zeiss AG
13.4 Leica Microsystems
13.5 Canon Inc.
13.6 Sony Corporation
13.7 Panasonic Corporation
13.8 Sigma Corporation
13.9 Tamron Co., Ltd.
13.10 Fujifilm Holdings Corporation
13.11 Edmund Optics Inc.
13.12 Thorlabs, Inc.
13.13 Navitar, Inc.
13.14 Jenoptik AG
13.15 Meiji Techno Co., Ltd.
13.16 Mitutoyo Corporation
13.17 Motic
13.18 OptoSigma Corporation
13.19 Newport Corporation
13.20 Infinity Photo-Optical Company
List of Tables
1 Global Objective Lenses Market Outlook, By Region (2022-2030) ($MN)
2 Global Objective Lenses Market Outlook, By Product Type (2022-2030) ($MN)
3 Global Objective Lenses Market Outlook, By Scanning Objective Lens (2022-2030) ($MN)
4 Global Objective Lenses Market Outlook, By Low Power Objective Lens (2022-2030) ($MN)
5 Global Objective Lenses Market Outlook, By High Power Objective Lens (2022-2030) ($MN)
6 Global Objective Lenses Market Outlook, By Oil Immersion Objective Lens (2022-2030) ($MN)
7 Global Objective Lenses Market Outlook, By Type (2022-2030) ($MN)
8 Global Objective Lenses Market Outlook, By Achromatic (2022-2030) ($MN)
9 Global Objective Lenses Market Outlook, By Apochromatic (2022-2030) ($MN)
10 Global Objective Lenses Market Outlook, By Plan (2022-2030) ($MN)
11 Global Objective Lenses Market Outlook, By Semi-Plan (2022-2030) ($MN)
12 Global Objective Lenses Market Outlook, By Fluorite (2022-2030) ($MN)
13 Global Objective Lenses Market Outlook, By Other Types (2022-2030) ($MN)
14 Global Objective Lenses Market Outlook, By Immersion (2022-2030) ($MN)
15 Global Objective Lenses Market Outlook, By Air (2022-2030) ($MN)
16 Global Objective Lenses Market Outlook, By Oil (2022-2030) ($MN)
17 Global Objective Lenses Market Outlook, By Water (2022-2030) ($MN)
18 Global Objective Lenses Market Outlook, By Glycerine (2022-2030) ($MN)
19 Global Objective Lenses Market Outlook, By Magnification (2022-2030) ($MN)
20 Global Objective Lenses Market Outlook, By Low Magnification (?10x) (2022-2030) ($MN)
21 Global Objective Lenses Market Outlook, By Medium Magnification (10x-50x) (2022-2030) ($MN)
22 Global Objective Lenses Market Outlook, By High Magnification (?50x) (2022-2030) ($MN)
23 Global Objective Lenses Market Outlook, By Application (2022-2030) ($MN)
24 Global Objective Lenses Market Outlook, By Cameras (2022-2030) ($MN)
25 Global Objective Lenses Market Outlook, By Machine Vision (2022-2030) ($MN)
26 Global Objective Lenses Market Outlook, By Microscopes (2022-2030) ($MN)
27 Global Objective Lenses Market Outlook, By Brightfield (2022-2030) ($MN)
28 Global Objective Lenses Market Outlook, By Fluorescence (2022-2030) ($MN)
29 Global Objective Lenses Market Outlook, By Confocal (2022-2030) ($MN)
30 Global Objective Lenses Market Outlook, By Telescopes (2022-2030) ($MN)
31 Global Objective Lenses Market Outlook, By Astronomical Telescopes (2022-2030) ($MN)
32 Global Objective Lenses Market Outlook, By Spotting Scopes (2022-2030) ($MN)
33 Global Objective Lenses Market Outlook, By Other Applications (2022-2030) ($MN)
34 Global Objective Lenses Market Outlook, By End User (2022-2030) ($MN)
35 Global Objective Lenses Market Outlook, By Academic and Research Institutes (2022-2030) ($MN)
36 Global Objective Lenses Market Outlook, By Life Sciences Companies (2022-2030) ($MN)
37 Global Objective Lenses Market Outlook, By Industrial and Manufacturing Industries (2022-2030) ($MN)
38 Global Objective Lenses Market Outlook, By Educational Institutions (2022-2030) ($MN)
39 Global Objective Lenses Market Outlook, By Other End Users (2022-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
Frequently Asked Questions
In case of any queries regarding this report, you can contact the customer service by filing the “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929
Yes, the samples are available for all the published reports. You can request them by filling the “Request Sample” option available in this page.
Yes, you can request a sample with your specific requirements. All the customized samples will be provided as per the requirement with the real data masked.
All our reports are available in Digital PDF format. In case if you require them in any other formats, such as PPT, Excel etc you can submit a request through “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929
We offer a free 15% customization with every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.
We have 3 different licensing options available in electronic format.
- Single User Licence: Allows one person, typically the buyer, to have access to the ordered product. The ordered product cannot be distributed to anyone else.
- 2-5 User Licence: Allows the ordered product to be shared among a maximum of 5 people within your organisation.
- Corporate License: Allows the product to be shared among all employees of your organisation regardless of their geographical location.
All our reports are typically be emailed to you as an attachment.
To order any available report you need to register on our website. The payment can be made either through CCAvenue or PayPal payments gateways which accept all international cards.
We extend our support to 6 months post sale. A post sale customization is also provided to cover your unmet needs in the report.
Request Customization
We provide a free 15% customization on every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.
Note: This customization is absolutely free until it falls under the 15% bracket. If your requirement exceeds this a feasibility check will be performed. Post that, a quote will be provided along with the timelines.
WHY CHOOSE US ?
Assured Quality
Best in class reports with high standard of research integrity
24X7 Research Support
Continuous support to ensure the best customer experience.
Free Customization
Adding more values to your product of interest.
Safe & Secure Access
Providing a secured environment for all online transactions.
Trusted by 600+ Brands
Serving the most reputed brands across the world.
