Optical Viewfinder Market
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The global optical viewfinder market was valued at USD 1.5 billion in 2023 and is estimated to grow at a CAGR of 5.5% from 2024 to 2032.
The growth in demand for DSLRs and high-end mirrorless cameras contributes greatly to the development of the optical viewfinder market. Some of the key end users of optical viewfinder include professional photographers and photography enthusiasts who prefer to use unprocessed compositions during shooting, especially when shooting outdoors under different lighting conditions. These users enjoy the clarity and multidimensional accuracy provided by the unbiased view of the optical viewfinder and continue to receive high-quality images, which diverts most users away from the digital display camera.
Innovations in optical technologies, such as new glass, lens coating or precision technologies, improve the quality of optical viewfinder. These advances facilitate the work of photographers by achieving greater clarity, contrast and resolution, and provide them with greater efficiency when it comes to focus capture. In addition, the latest optical viewfinder has a thin and light structure, facilitating ease of use in the wider consumer and professional markets.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Optical Viewfinder Market size in 2023: | USD 1.5 billion |
| Forecast Period: | 2024 - 2032 |
| Forecast Period 2023 - 2032 CAGR: | 5.5 |
| 2023 Value Projection: | USD 2.5 Billion |
| Historical Data for: | 2021 - 2023 |
| No of Pages: | 173 |
| Tables, Charts & Figures: | 350 |
| Segments Covered: | Type, Application, Component, End-use |
| Growth Drivers: |
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| Pitfalls Challenges: |
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The use of mirrorless cameras with electronic detection is increasing, but DSLRs, which thrive from optical detection, remain the leading player in the professional photography market. Many practitioners specializing in fast-moving photogenic subjects, such as sports, wildlife and even fashion, prefer the accuracy offered by optical viewfinders. In addition, an increasing interest in old-fashioned photography is fueling interest in optical viewfinders. These systems allow a reliable and accurate shooting technique that goes back to the simpler times when photography was a vocation.
As the camera industry advances and develops, optical sensor technology is experiencing an unprecedented boom. Improvements in optical glass properties, better coatings and lens configurations have contributed to higher clarity and lower distortion and greater brightness of these optical viewfinders. High-end cameras are using these advanced optical viewfinders to improve the control of the image composition and surpass the challenge of night lighting for photographers.
As a result, some cameras' customs and external optical viewfinders have become sophisticated accessories in the most creative industries such as filmmaking, documentaries, and even street photography. This trend is driven by the disproportionate demand for amateur and professional-grade cameras that require customization, which drives growth in the advanced and complementary market.
Self-contained cameras, including those equipped with optical detectors, are also beginning to see a decline in sales as smartphones are increasingly being used for their sophisticated cameras. For beginners and casual photographers, the amount and weight of terrestrial cameras is reduced, and they will trade them for mobility convenience with smartphones equipped with digital viewfinders. This is harmful to the dedicated camera market and directly affects the market.
Based on components, the optical viewfinder market is divided into lens, prism, eyepieces, focus screen, mirror. The lens segment is expected to register a CAGR of 6.2% of the forecast period.
Based on type, the optical viewfinder market is divided into pentaprism viewfinder, pentamirror viewfinder, rangefinder viewfinder, and direct optical viewfinder. The direct optical viewfinder segment is projected to account for USD 756.8 million by 2032.
U.S. dominated the North America optical viewfinder market in 2023, accounting for a share of 76.2%. In the United States market is growing owing to the high number of professional photographers and staff in the media industry, the base for producing optical viewfinders is expanding significantly. The US market is also growing rapidly due to the growth in the high-end sports, wildlife and fashion photographers category, which prefers DSLRs and mirrorless cameras. The leading camera companies in the United States are also cooperating with optical accessory companies to produce many different optical viewfinder models to meet different needs of photographers. With the increase in content creators such as YouTube and social media users, the use of optical viewfinder in the U.S. market has also increased.
Japan optical viewfinder industry has the presence of some of the largest camera manufacturers such as Canon, Nikon, and Fujifilm. The Japanese companies are the most innovative in optics and continues to improve the visibility, accuracy and miniaturization of the viewfinder. As the domestic market is also growing and many professional photographers prefer real-time optical vision systems, Japan is one of the largest suppliers and consumers of optical vision systems.
The South Korean optical viewfinder market growth is enabled by the growth of its technologically qualified society and the increased demand for expensive camera equipment. Optical viewfinder is very popular with South Korean consumers, especially in urban areas such as Seoul, where photography and content creation are one of the most popular hobbies. The country's advanced electronics and optical industries also contribute to the production of cutting-edge camera technologies. In addition, the presence of various users and influencers of social media in South Korea has increased the need for high-quality cameras with advanced optical systems.
In digital cameras and optics, Canon, Nikon, Fujifilm, Leica, and Sigma face fierce competition for innovation and product improvement. Each company strives to release the highest-quality cameras, sophisticated lenses, and other optical devices that provide the highest image quality and performance, performing smoothly. Product differentiation, including sensor technology, reputation, lens quality, mirrorless cameras, cinema equipment, etc., is essential to meet the needs of professionals and fans.
Other factors influencing market change include price competition and medium-range products targeted at amateur photographers and videographers. In addition, the company also creates a hybrid distribution approach that involves direct sales, websites and partnerships with retail shops so that it can target customers around the world. In this rapidly changing market, brand dedication, after-sale service and integration into the ecosystem (e.g. lens compatibility) are important for the customer.
Major players operating in the Optical viewfinder industry are:
Market, By Type
Market, By Application
Market, By Component
Market, By End-use
The above information is provided for the following regions and countries:
Major players in the industry include Aputure, Blackmagic Design, Canon Inc., Cokin, Fujifilm Holdings Corporation, Leica Camera AG, Mamiya, Nikon Corporation, and Panasonic Corporation.
The lens segment is expected to register a CAGR of 6.2% during the forecast period from 2024 to 2032.
The U.S. dominated the North American market with a 76.2% share in 2023, driven by its large base of professional photographers and media industries.
The global market size for optical viewfinder was valued at USD 1.5 billion in 2023 and is expected to reach USD 2.5 billion by 2032, driven by a CAGR of 5.5% from 2024 to 2032.