Objective Lens Market

Objective lens market: discover newly released info enhanced by an Ai-driven market intelligence tool. Datasets include production, market prices, consumption, trade, market size, exports, companies, and imports. Here is a split by region, including the U.S., China, the Middle East, Russia, the U.K., Latin America, Africa, and EU. Market trends and outlook to 2030 are also featured in the snapshots.

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Objective Lens - World's Largest Markets

Rating	Country
1	Japan
2	United States
3	China
4	South Korea
5	Vietnam

In value terms, Japan, the United States and China appeared to be the countries with the highest levels of market value in 2020, with a combined 55% share of the global market. South Korea, Vietnam, Hong Kong SAR, Germany, Indonesia, Democratic Republic of the Congo, Bangladesh and the Philippines lagged somewhat behind, together accounting for a further 19%.

South Korea (+56.8% per year) recorded the highest growth rate of market size, among the main consuming countries over the period under review, while objective lens market for the other global leaders experienced more modest paces of growth.

Objective Lens Prices

Lowest Prices - FOB - Top Exporters

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	USD per unit			CAGR, 2018-2020
Malaysia	287	316	250	-6.7%
China	245	258	269	4.6%
Taiwan (Chinese)	241	285	324	16.0%
Netherlands	443	424	387	-6.5%
Germany	608	581	466	-12.4%
South Korea	431	387	507	8.4%
Japan	550	558	599	4.3%
Singapore	812	714	617	-12.9%
Thailand	594	612	656	5.1%
Average	424	442	445	2.5%

There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was Thailand ($656 per unit), while Malaysia ($250 per unit) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese), while the other global leaders experienced more modest paces of growth.

Highest Prices - CIF - Top Importers

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	USD per unit			CAGR, 2018-2020
Vietnam	635	637	653	1.3%
United States	635	637	643	0.6%
South Korea	578	617	537	-3.6%
China	415	411	430	1.7%
United Kingdom	470	461	429	-4.5%
Germany	630	520	426	-17.7%
Australia	470	460	415	-6.0%
Hong Kong SAR	312	336	347	5.4%
Japan	296	347	340	7.2%
Hungary	442	350	300	-17.7%
Poland	408	421	266	-19.2%
Netherlands	253	245	248	-1.0%
Philippines	148	114	112	-12.8%
Average	427	445	431	0.5%

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was Vietnam ($653 per unit), while the Philippines ($112 per unit) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Japan, while the other global leaders experienced more modest paces of growth.

Objective Lens - Top Importers

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	billion USD			CAGR, 2018-2020
United States	1.1	1	0.8	-17.6%
South Korea	0.1	0.1	0.6	127.4%
Germany	0.6	0.3	0.5	-4.3%
China	0.7	0.6	0.5	-14.3%
Hong Kong SAR	0.6	0.6	0.3	-25.4%

In value terms, the largest objective lens importing markets worldwide were the United States ($753M), South Korea ($557M) and Germany ($533M), with a combined 36% share of global imports.

In terms of the main importing countries, South Korea (+127.4% per year) saw the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Objective Lens - Top Exporters

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	billion USD			CAGR, 2018-2020
Japan	1.4	1.1	0.8	-22.5%
China	0.6	0.6	0.5	-10.5%
Netherlands	0.3	0.2	0.4	8.4%
Germany	0.3	0.3	0.4	8.4%
South Korea	0.1	0.1	0.3	54.8%

In value terms, Japan ($812M), China ($454M) and the Netherlands ($405M) were the countries with the highest levels of exports in 2020, with a combined 42% share of global exports. Germany, South Korea, Thailand, Singapore, Taiwan (Chinese) and Malaysia lagged somewhat behind, together accounting for a further 37%.

Singapore (+60.5% per year) saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Objective Lens - Market Forecast

Driven by rising demand for objective lens worldwide, the market is expected to start an upward consumption trend over the next decade. The performance of the market is forecast to increase slightly, with an anticipated CAGR of for the period from 2020 to 2030, which is projected to bring the market volume to by the end of 2030.

Objective Lens - Top Companies

Carl Zeiss AG, KLA-Tencor Corporation, LARGAN PRECISION CO., LTD., Zhejiang Sunny Optics Co., Ltd., Konica Minolta Business Solutions Europe GmbH, Ii-VI Incorporated, Petroleum Geo-Services, Inc., Dalian Boneng Laser Optics Co., Ltd., Carl Zeiss Microscopy GmbH, Automotive Lighting s.r.o., ASIA OPTICAL CO., INC., ADVA Optical Networking SE, Nanyang Zhongde Optoelectronic Science & Technology Co., Ltd., Elbit Systems of America, LLC, IPG Laser GmbH, AMS SENSORS SINGAPORE PTE. LTD., TAMRON CO., LTD., ESSILOR AMERA PTE. LTD., Refac Optical Group, DATALOGIC SRL

Objective Lens - Product Coverage

HS 900211 - Lenses; objective, for cameras, projectors or photographic enlargers or reducers, mounted, being parts or fittings for instruments or apparatus, of any material (excluding glass not optically worked)

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