Well-known analyst Ming-Chi Kuo said,Largan Optoelectronics, Crystal Optoelectronics and Lant Optical are the biggest winners from the improved specifications of the iPhone 15 Pro Max telephoto lens, and their strong shipment momentum is expected to be maintained until the end of the year.Part of the reason is thatDemand for the iPhone 15 Pro Max model was better than expected after its release.
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From the perspective of the terminal market, relevant media reports pointed out that during the first weekend after the release of the iPhone 15 series,ProMax Shanghai store out of stock, only one or two stores have a small amount of iPhone15Pro. On the first day of sale, many "scalpers" said that the price increase of ProMax256G ranged from 200 to 500 yuan, but they refused to accept the basic version, Pro and other models.
It is not difficult to see that compared to the basic version, the demand for the ProMax model is stronger.
Different from the basic version and Pro, the ProMax model has a unique new periscope telephoto lens. Market research agency TrendForce predicted before the iPhone 15 was released thatProMax is expected to attract consumers to buy because of its unique periscope lens.
The periscope lens is an important component for mobile phones to achieve high-magnification optical zoom. The periscope lens arranges the telephoto lens horizontally and forms a vertical layout with the wide-angle lens. It uses prism refraction to achieve imaging. While ensuring the thin appearance of the mobile phone, it greatly increases the focal length of the camera and achieves high-definition zoom, which can meet users' needs for high-definition distant scenery shooting.
Currently, multi-camera solutions are fully implemented in various smartphone brands. Toubao Research Institute believes that as the penetration rate of multiple rear cameras on mobile phones continues to increase, there will be sufficient room for the application of multiple types of lenses.Periscope lenses will be widely used with the penetration of multi-camera solutions.
According to TSR data, global periscope lens shipments are expected to grow to 80 million units by 2023, with a penetration rate of 5.3%.
Focusing on the industrial chain, the upstream market of the periscope lens industry chain consists of component suppliers, including suppliers of CMOS image sensors, infrared cut filters and prisms; the midstream market consists of module suppliers.
Largan, mentioned by Ming-Chi Kuo, is one of the main suppliers of upstream mobile phone lenses. He further pointed out,In Largan's revenue in the second half of 2023, the iPhone 15 Pro Max telephoto lens will contribute up to NT$6.5-7 billion in revenue, significantly higher than the NT$1.5-2 billion of 14 ProMax last year.
At the same time, Crystal Optoelectronics and Lante Optics will significantly benefit from prism orders from Largan.Therefore, the capacity utilization rate is expected to be fully loaded until the end of the year, and it will continue to expand production by at least 50% in 2024.
Soochow Securities pointed out in a recently released research report that Apple is equipped with a periscope lens for the first time, driving the development of camera module shrinkage and thinning technology, and is expected to rekindle the popularity of periscope lenses with core technology and supply chain reforms.
According to an incomplete summary by the Science and Technology Innovation Board Daily, the main manufacturers related to the periscope lens industry chain include: