Source: Anti-Shorting Research Center

Global Camera Lens Manufacturers

In addition to the ultra-wide-angle and telescopic lenses that are found in many flagship models, the company has added a mid-range lens that specializes in portraits and a macro lens that can shoot objects around 1 centimeter.

It is worth mentioning that Dali Optronics' top-of-the-line 8P lens also makes its debut on this phone. 8P means that the lens is made up of eight plastic lenses, and this tiny lens must exhibit the best optical quality at a height of about 1 centimeter.

DALIKO's top-of-the-line lens for superb night photography

This time, Dali Light's 8P lens, so that the lens aperture up to 1.7, because the smaller the aperture number, on behalf of the ability to take in more light, in order to provide 100 million pixels of the ultra-high resolution required, the launch of this cell phone, cell phone photo review site DxOMark on the 1st place.

Xiaomi is not a special case, this year, Samsung and Huawei launched a new flagship phone, are equipped with 4 main lens; 2020, the world's top 5 cell phone manufacturers will launch more lenses of the new flagship phone, for example, Samsung early 2020 launch of Galaxy 11, will be increased to 4 lenses, Sony plans to launch a flagship of the 6 lenses, Apple's top cell phone will be in addition to the three lenses, and then add a 1 High-order ToF (rangefinder on the fly) lens.

ToF lens design will allow Apple to take the lead in AR (augmented reality) new applications, “Apple to send and receive infrared split into two parts,” GF Securities executive director and chief analyst of the overseas electronics industry Pu Deyu analysis.

This lens allows the phone to obtain in-depth information, as long as the shot, can be a flat image stereoscopic, into AR three-dimensional model, coupled with Apple's own AR software platform, the imagination is unlimited. AR-related applications are therefore the next hot business opportunities for cell phone lenses.

Puduyu observed that in 2020, although the number of cell phones only slight growth, but the cell phone lens market is in a period of rapid growth. Lens market for cell phones and tablet PCs, the market size of 3.8 billion U.S. dollars in 2018, this year's growth of 18% to 4.5 billion U.S. dollars, 2020 will grow by another 20% to 5.4 billion U.S. dollars.

JP Morgan also issued a report this year, 3 lens market share will grow from 18% this year to 29% in 2020, almost doubled, but the single lens cell phone market share will grow from 33% this year to 12% in 2020.

Puduyu observation, cell phone lens increase is an unchangeable trend, "used three lens phone, you are afraid that it is difficult to go back to use only 1 lens phone. Moreover, not only the number of lenses becomes more, the requirements for lenses also become higher, JP Morgan report also pointed out that in 2020, Apple will also increase the main lens from 6P to 7P.

In 2020, not only will the demand for cell phone lenses increase, but the specifications will also be improved, and the unit price is expected to further increase, giving us a chance to see a golden age of revenue and profit growth.

“In 2020, there will be an oversupply of cell phone lenses, in fact, now the supply of high-end lenses is in short supply,” Pope observed, the entire market demand in 2020 increased by 20%, the first quarter of 2020 there will be more multi-lens cell phone listing, but the ability to supply a large number of lens factory, only Dali Light, Jade Crystal Light, Sunny and Ruixing 4.

The four major factories are in short supply

He analyzed that Dali Light is the leading company in the production of top lenses, and the unit price of its products is almost twice as much as that of its rival Sunnyu, with a global market share of more than 30%. In the face of the market outbreak, “2020, only 10% increase in production capacity, the plant can be stuffed with places are stuffed, the expansion of the plant until 2023 to be able to produce”, a brother of the expansion of production is limited, but also let the whole market temporarily no price risk, these years, the gross profit margin of the big light are also maintained at a super high level of 69%.

Now, although the peak of the iPhone sales tide has passed, cell phone market conditions are not particularly good, but the production of the most difficult, the highest-order lens, has already made the production capacity of Dali optical full, and now the order visibility has been scheduled to the first quarter of 2020.

Sunny is close behind, Dali optical eat Apple and Android camp cell phone, Sunny is mainly supplied to the Android camp, Pu Deyu observation, Sunny and Dali optical still have about 1 year technology gap, Sunny is now vigorously expanding production, “2020 production capacity scale will be almost the same as the Dali optical”. However, the financial report shows that Sunny's gross profit margin is only 18%, which is far lower than that of Dali Opto.

Jade Crystal's profitability in the past two years has seen phenomenal growth. Currently, Jade Crystal's lenses are mainly supplied to Apple, but five years ago, Jade Crystal's gross margin was only 8%, but in the third quarter of this year, Jade Crystal's gross margin has climbed to 49%, and its third quarter EPS (after-tax earnings per share) was even higher than $15.

Jade Optical's Yield Improves, Gross Profit Rises

The key lies in the fact that Jade Optical's yield performance in the past was poor, and it could only supply the front lens of the iPhone. However, every time Apple develops a new lens, it will give manufacturers the opportunity to participate in the bidding process, and this year, Jade Optical has made a technological breakthrough in the 6P lens, coupled with upgraded equipment, and has therefore taken an order from Apple for 2 main lenses, which, coupled with the improvement in yield, has led to an upsurge in EPS. Now, Jade Optical is also renting a factory in Xiamen, ready to expand production, the new capacity will be in place in early 2020. Pudu estimated that Jade Optical's production capacity in 2020 will increase by 1~2%.

Jade Crystal also actively research and development of ToF lenses, has developed a lens for the receiving end, in 2020, Apple's main lens upgraded again, Jade Crystal can also take more Apple main lens orders, is the most important observation point.

The last manufacturer worthy of attention, is China's Ruixing, the company's production capacity this year is slightly smaller than the jade crystal light, technology is also 4 when the more backward, mainly 3P ~ 5P lens-based, but Ruixing this year launched an amazing expansion program, 2020 production capacity will be increased by 80%, however, such a large investment can be converted into profitability, it is worth observing.

Now, Taiwan's cell phone lens factory relying on technological advantages, can still retain a good profit, coupled with 2020 will also have under-screen lens, macro lens, ToF lens and other new applications, Taichung's optical colony, 2020 still have a glorious future.

Disclaimer: The article is only for the use of learning and communication, we respect the original, but also focus on sharing; cover, pictures, part of the article from the network, the copyright belongs to the original author, if it infringes on your rights and interests, please contact us, we will be the first time to delete, thank you!