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Objective Lenses

Global demand for objective lenses is forecast to expand 2.5% p.a. between 2016 and 2020. Currently, objective lenses for cameras and projectors account for 68.9% of the global demand while other objective lenses have a 31.1% market share.

China, Germany, South Korea, Sri Lanka, United States are considered the highest potential markets in the coming years. China, Germany, South Korea, Thailand and the United States represent the largest objective lens markets while the strongest annual growth is forecast to occur in Sri Lanka (17.3%), Ukraine (12.4%), India (9.7%), Estonia (9.6%) and Egypt (9.6%).

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