Global Digital Camera Market – Industry Analysis and Forecast (2020-2027)Posted by manoj jagtap on April 17th, 2021 Global Digital Camera Market size was US$ XX Bn in 2019 and is expected to reach US$ XX Bn by 2027, at a CAGR of XX% during forecast period.
Digital camera is image forming device, which uses an electronic image sensor to create still photographs and video recording with sound. Digital cameras are combination of a wide range of digital devices, ranging from personal digital assistants (PDA) and mobile phones to the Hubble and Webb Space Telescopes. The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis. Increasing trend of photography is the major driving factor behind the growth of market. Digital camera offers some benefits such as instantaneous satisfaction, light in weight, no need of film, massive storage space for photos, multiple functions, easy sharing and editing, easy connection with TV and computer, different display options and quicker operations are ultimately improving the growth of digital camera market. Furthermore, innovative technological advancement in digital cameras, use of LCD screen and improved image quality are some of the key attributes that leads to the growth of market. Nevertheless, high purchasing cost and adoption of Smartphone’s with better camera quality could hamper the growth of market. Also downsides of digital camera such as difficult management operations, lack of skilled users, more power consumption, impermanence and sensitive to heat, cold and moisture could obstruct the growth of market. By product type, built-in lens camera segment dominated the market in 2018. It is also called as fixed lens or point-and-shoot camera. These cameras are small and simple to use, and trendy for vernacular photography by people who do not consider themselves photographers but want easy-to-use cameras for snapshots of parties, vacations, reunions and other events. In Jan 2020, Nikon Corporation (Nikon) is announced the release of the COOLPIX P950, a compact digital camera equipped with 83x super-telephoto zoom that combines superior optical quality with various shooting functions, allowing users to enjoy great variety in imaging expression. Additionally, interchangeable lens camera segment witnessing the fastest growth at CAGR of XX% and is expected to grow at high rate during forecast period. Rising adoption of Digital Single Lens Reflex (DSLR) cameras is the major driving factor behind the growth of market. DSLR cameras are generally for professional photographers, but currently many non-professionals are interested in using DSLR cameras. Furthermore, rising trends of mirrorless interchangeable lens camera is driving the growth of market. By memory card, secure digital card (SD Card) dominated the market in 2018 and is expected to keep its dominance over the forecast period. SD card is a non-volatile memory card format developed by SD card association for use in portable devices such as digital camera. It comes in three different capacity sizes such as standard capacity (SDSC), high capacity (SDHC) and extended capacity (SDXC). These SD cards can store data up to 2TiB which ultimately leads to the growth of market. Also rising demand of micro SD card is driving the growth of market. In Feb 2019, Micron and SanDisk unveiled their microSDXC cards of 1 TB capacity. Also In May 2018, PNY launched a 512 GB microSDXC card and in June 2018 Kingston announced the Canvas series for MicroSD cards with capabilities up to 512 GB. Region wise, Asia Pacific held the largest market share in 2018 and is expected to grow at CAGR of XX% during forecast period. The developing economies such as China, India, Japan and South Korea are dominated the market. Rising trends of photography among teenagers across the region is driving the growth of market. Canon topped the digital camera with integrated lens category, holding 27.9% of market share. Nikon’s current product line-up includes some of the best DSLRs available, such as the Nikon D850 and the Nikon D5, as well as three powerful mirrorless options (the Z6 and Z7 for full-frame users, and the Z50 as an APS-C snapper). Nikon also owns the Coolpix line-up of point-and-shoot cameras. The Canon brand is the current leader in the camera space, though Canon is most known for its high-quality DSLRs and DSLR lens line-up. Canon offers several lines of hobbyist and professional DSLRs, including the vaunted 1D X series, the 5D series, and the Rebel series. Canon, whose XX.5% market share, represents an increase of 3.9% over 2017. Nikon’s, market share is at 19.1% and Sony at XX.7%. Fujifilm, increased its market share by 1.3% to a total of 5.1%, and Olympus saw an incremental improvement of 0.1% for a total global market share of 2.8%. All together, these five companies make up 85.2% of the digital cameras sold in 2018. Global Digital Camera Market1 The objective of the report is to present a comprehensive analysis of the Global Digital Camera Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Digital Camera Market dynamics, structure by analyzing the market segments and projects the Global Digital Camera Market. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Digital Camera Market make the report investor’s guide. Global Digital Camera Market, By Product Type • Interchangeable Lens Cameras • Transferring photos • Secure Digital Card (SD card) • North America • Canon For More Information Visit @: This Report Is Submitted By : Maximize Market Research Company Customization of the report: Maximize Market Research provides free personalized of reports as per your demand. This report can be personalized to meet your requirements. Get in touch with us and our sales team will guarantee provide you to get a report that suits your necessities. About Maximize Market Research: Maximize Market Research provides B2B and B2C research on 20,000 high growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors. Like it? Share it! More by this author |