Digital Photography Market: Size, Share, growth, Tends And Key payers, Forecast Till 2032
Posted by ramacharitbrc on October 19th, 2023
The Business Research Company’s Digital Photography Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Digital Photography Global Market Report 2023 evaluates digital photography market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global digital photography market is poised for significant expansion, with projections indicating growth from .59 billion in 2022 to .71 billion in 2023, driven by a commendable compound annual growth rate (CAGR) of 6.6%. Nevertheless, the broader global landscape, particularly the Russia-Ukraine conflict, has introduced complexities into the world's path to economic recovery post the disruptive COVID-19 pandemic.
This geopolitical upheaval has triggered a domino effect, marked by economic sanctions on multiple nations, a notable surge in commodity prices, and disruptions within the global supply chain, collectively contributing to inflationary pressures that reverberate across diverse industries and markets. In the face of these challenges, the digital photography market remains resolute, on track to achieve a projected value of .81 billion by 2027, underpinning a steady CAGR of 5.5%. This trajectory underscores the continued relevance and importance of digital photography in capturing and preserving our visual narratives, even amidst the complex global backdrop.
The increasing number of smartphone users worldwide will drive the digital photography market going forward. Smartphone users use a smartphone, a cellular telephone with an integrated computer, and other functions not previously associated with cell phones, such as an operating system, the capacity to execute software programs and web surfing. Smartphones are the primary camera for many individuals, offering convenience, portability, and increasingly advanced camera capabilities. This widespread adoption of smartphones as cameras has led to more extensive user engagement in digital photography. For instance, in 2023, according to the Global System for Mobile Communications Association, a UK-based non-profit organization for mobile network operators worldwide, by the end of 2022, over 5.4 billion individuals worldwide had enrolled in mobile service, with 4.4 billion additionally using mobile internet. Furthermore, the percentage of smartphone connections was 76% in 2022 and is predicted to climb to 92% by 2030. Therefore, the increasing number of smartphone users worldwide is expected to propel the digital photography market.
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The digital photography market segments in the report are:
1) By Type: Photo Processing Equipment, Interchangeable Lenses, Camera Cell Phones, Other Types
2) By Application: Photography Software, Photo Looks, Photo Processing, Other Applications
3) By Distribution Channel: Online, Offline
4) By End-User: Personal, Profession
Top 5 Major Key Players Are:
Samsung Electronics Co Ltd
PENTAX Imaging Co
Sony Corp
Panasonic Corp
Canon Inc
Table Of Contents
1. Executive Summary
2. Digital Photography Market Characteristics
3. Digital Photography Market Trends And Strategies
4. Digital Photography Market - Macro Economic Scenario
5. Digital Photography Market Size And Growth
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32. Global Digital Photography Market Competitive Benchmarking
33. Global Digital Photography Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Digital Photography Market
35. Digital Photography Market Future Outlook and Potential Analysis
36. Appendix
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