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Global Digital Camera Market – Industry Trends and Forecast to 2030

  • FMCG
  • Upcoming Report
  • Oct 2023
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Digital Camera Market – Industry Trends and Forecast to 2030

Market Size in USD Billion

CAGR - % Diagram

Diagram Forecast Period 2022–2030
Diagram Market Size (Base Year) USD 7.56 Billion
Diagram Market Size (Forecast Year) USD 10.51 Billion
Diagram CAGR %

Global Digital Camera Market, By Product Type (Digital Single-Lens Reflex (DSLR) Cameras, Compact Digital Cameras, Bridge Compact Digital Cameras, Mirrorless Interchangeable Lens Cameras), Distribution Channel (Online, Offline), Digital Sensor Type (CCD Sensor, CMOS Sensor, FOVEON X3 Sensor, Live MOS Sensor), Component (Lenses, Sensors, LCD Screen, Memory Card, Others), End User (Personal, Professional) – Industry Trends and Forecast to 2030.

Digital Camera Market Analysis and Size

The global digital camera market is primarily driven by the constant evolution of technology and consumer preferences. As advancements in sensor technology, image processing, and connectivity continue to enhance the capabilities of digital cameras, consumers are compelled to upgrade their devices to access improved features such as higher resolution, faster autofocus, and enhanced low-light performance. The market is also influenced by a rising interest in photography as a hobby and the desire for professional-grade equipment among enthusiasts, fostering a competitive landscape where manufacturers strive to differentiate their products through technological innovation and user-friendly design will result in the growth of the global digital camera market.

Data Bridge Market Research analyses that the global digital camera market which was USD 7.56 billion in 2022, is expected to reach USD 10.51 billion by 2030, and is expected to undergo a CAGR of 4.21% during the forecast period of 2023 to 2030. “Digital single-lens reflex (DSLR) cameras” dominates the product type segment of the global digital camera market as it is widely used in the digital camera market due to their superior image quality and versatility. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and consumer behaviour.

Digital Camera Market Scope and Segmentation

Report Metric

Details

Forecast Period

2023 to 2030

Base Year

2022

Historic Years

2021 (Customizable to 2015-2020)

Quantitative Units

Revenue in USD Billion, Volumes in Units, Pricing in USD

Segments Covered

Product Type (Digital Single-Lens Reflex (DSLR) Cameras, Compact Digital Cameras, Bridge Compact Digital Cameras, Mirrorless Interchangeable Lens Cameras), Distribution Channel (Online, Offline), Digital Sensor Type (CCD Sensor, CMOS Sensor, FOVEON X3 Sensor, Live MOS Sensor), Component (Lenses, Sensors, LCD Screen, Memory Card, Others), End User (Personal, Professional)

Countries Covered

U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E., Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa

Market Players Covered

Canon U.S.A. Inc. (U.S.), Nikon Corporation (Japan), Sony Corporation (Japan), OLYMPUS CORPORATION (U.S.), FUJIFILM Corporation (Japan), SAMSUNG (South Korea), Seiko Epson Corporation (Japan), Panasonic Corporation (Japan), CASIO COMPUTER CO., LTD. (Japan), RICOH IMAGING COMPANY, LTD. (Japan), HP Development Company, L.P. (U.S.), ZEISS International (Germany), Leica Camera AG (Germany), SIGMA CORPORATION (U.S.) Toshiba Teli Corporation (Japan)

Market Opportunities

  • Growth in the deployment of advanced technologies
  • High cost of raw material
  • Rising research and development opportunities

Market Definition

Digital cameras, also known as digicams, are used to capture digital images and videos that can be viewed through the viewfinder or on a live preview screen. When compared to analog cameras, digital cameras have built-in memory card slots that allow for the storage of hundreds of images, depending on the storage capacity. These images were captured digitally and can also be deleted directly from the camera. Burst shots, auto-focus, shutter speed, digital zoom, best-shot selector, changing sensor sensitivity (ISO), and automatic white balance are all available on digital cameras (AWB).

Global Digital Camera Market Dynamics

Drivers

  • High Adoption of Digital Cameras in various Media Publications

The increasing use of digital cameras in sports media is the primary driver of the market. The stadium's high-speed and digital camera structure lets viewers see slow-motion repeats in critical game conditions and improves accuracy while watching. Similarly, high-resolution digital cameras aid in the capture of sharp and crisp images and videos in wildlife, landscape, architecture, and studio photography. The emphasis on action photography has increased demand for small digital cameras such as GoPro. Furthermore, social media platforms such as Instagram have significantly expanded the scope for photography, which is expected to drive the digital camera market's growth.

  • Adoption of Camera as a Profession and Mainstream Career

The demand for digital cameras is increasing as the popularity of photography grows. Unlike traditional analogue cameras, digital cameras capture and store photos and videos digitally rather than printing them to film. As consumers become more interested in photographing their surroundings, the demand for compact, lightweight, and high-quality cameras grows. Furthermore, introducing digital cameras and smartphones has established a mainstream profession, resulting in a demand for high-quality cameras with user-friendly interfaces and reasonable prices. For a long time, point-and-shoot digital cameras have been ideal for simple still photography because they are easy to use, compact, and reasonably priced.

Opportunities

  • Product Innovations and Improvements

Manufacturers of digital cameras are focusing on creating lightweight, compact, and high-quality digital cameras that can provide better imaging than a flagship smartphone and effectively meet the needs of both amateur and professional photographers. For instance, the growing emphasis on pocket-friendly and lighter cameras that can provide better autofocus coverage and superior video performance has increased demand for compact digital, bridge, and mirrorless cameras.

  • Evolving Consumer Preferences present Opportunities for Digital Camera Manufacturers

Evolving consumer preferences offer digital camera manufacturers significant opportunities in the market. To capitalize on this, manufacturers can focus on integrating advanced features and cutting-edge technology into their products, such as improved sensors, faster autofocus, and AI-driven capabilities. The trend towards compact and portable designs is notable, with an emphasis on creating lightweight yet high-performance cameras. Connectivity features, including Wi-Fi and Bluetooth, are crucial for enabling seamless sharing of photos on social media platforms. In addition, addressing the rising demand for high-quality video recording capabilities, especially among content creators, can be a lucrative market segment.

Restraints/Challenges

  • Low-Cost and Effective Substitutes

With the introduction of premium smartphones with high-resolution lenses, camera functions are consistently improving, removing the need for owning digital cameras, which will likely act as a market restraint factor for the digital camera's growth in the above-mentioned forecast period of 2023 to 2030. The market's biggest and most pressing challenge will be a small customer base combined with complex features.

  • Rapid Technological Obsolescence Necessitates frequent Product Upgrades

The digital camera market faces a challenge stemming from rapid technological obsolescence, compelling consumers to frequently upgrade their products. The continuous evolution of camera technologies, sensors, and features often renders existing models outdated relatively quickly. This fast-paced obsolescence can impact long-term consumer engagement in the global digital camera market. Consumers may hesitate to invest in a high-end camera if they anticipate that newer, more advanced models will be released shortly, potentially diminishing the perceived value of their current equipment. This dynamic creates a constant cycle of product turnover, making it challenging for manufacturers to maintain sustained consumer loyalty. Adhering to manufacturer guidelines and working with experienced HVAC professionals can provide valuable insights and ensure proper maintenance practices are followed. Also, the lack of favorable reimbursement scenarios and technology penetration in the developing economies, heavy custom duty imposed on medical devices, and lack of suitable infrastructure in low- and middle-income countries are projected to challenge the market in the forecast period of 2023-2030.

This global digital camera market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the global digital camera market contact Data Bridge Market Research for an Analyst Brief, our team will help you make an informed market decision to achieve market growth.

Recent Developments

  • In October 2022, Fujifilm announced a partnership with Adobe to produce a new mirrorless digital camera firmware, "FUJIFILM X-H2S" (X-H2S), in spring 2023, which would deliver the world's first native Camera to Cloud (C2C) connectivity for mirrorless digital cameras, driven by Frame.io. At the same time, the firmware for the "FT-XH" file transmitters will also be launched
  • In September 2022, Canon U.S.A., Inc., a significant provider of digital imaging solutions, announced the addition of a suite of products to its cinema and broadcast offerings in response to user demand. Canon's latest 8K CINE-SERVO lens for a wide range of productions is the CINE-SERVO 15-120mm T2.95-3.95 EF/PL (CN8x15 IAS S); the EU-V3, a modular expansion unit for the EOS C500 Mark II and EOS C300 Mark III cameras; a Cinema EOS firmware update; and the DP-V2730i, a 27-inch 4K professional reference display that may seamlessly fit into workflows of broadcasters and filmmakers

Global Digital Camera Market Scope

The global digital camera market is segmented on the basis of product type, distribution channel, digital sensor type, component and end user. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Digital sensor type

  • CCD Sensor
  • CMOS Sensor
  • FOVEON X3 Sensor
  • Live MOS Sensor

Component

  • Lenses
  • Sensors
  • LCD Screen
  • Memory Card
  • Others

Distribution channel

  • Online
  • E-commerce
  • Websites
  • Company owned websites
  • Offline
  • Retailers
  • Large format stores
  • Specialty stores

End User

  • Personal
  • Profession

Global Digital Camera Market Regional Analysis/Insights

The global digital camera market is analysed and market size insights and trends are provided by country, product type, distribution channel, digital sensor type, component and end user as referenced above.

The countries covered in the global digital camera market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E., Saudi Arabia, Egypt, South Africa, Israel, and Rest of Middle East and Africa

North America dominates the global digital camera market as this region because of the high rate of adoption of technologically advanced products. The increasing demand for lightweight, high-quality digital cameras is driving the global digital camera market. Furthermore, increased use of digital cameras in entertainment, media, and sports propels the North American digital camera market.

Asia-Pacific is expected to witness significant growth in the global digital camera market during the forecast period of 2023 to 2030 due to increased photography trends in the region. Due to the region's large population and rising consumer needs, Asia-Pacific is a significant market for digital cameras. The United States is a major importer, and China is the leading exporter.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends, and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Global Digital Camera Market Share Analysis

The global digital camera market competitive landscape provides details by competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width, and breadth, application dominance. The above data points provided are only related to the companies' focus related to the global digital camera market.

Some of the major players operating in the global digital camera market are:

  • Canon U.S.A. Inc. (U.S.)
  • Nikon Corporation (Japan)
  • Sony Corporation (Japan)
  • OLYMPUS CORPORATION (U.S.)
  • FUJIFILM Corporation (Japan)
  • SAMSUNG (South Korea)
  • Seiko Epson Corporation (Japan)
  • Panasonic Corporation (Japan)
  • CASIO COMPUTER CO., LTD. (Japan)
  • RICOH IMAGING COMPANY, LTD. (Japan)
  • HP Development Company, L.P. (U.S.)
  • ZEISS International (Germany)
  • Leica Camera AG (Germany)
  • SIGMA CORPORATION (U.S.)
  • Toshiba Teli Corporation (Japan)


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Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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FREQUENTLY ASK QUESTIONS

The digital camera market size will be worth USD 10.51 billion by 2030.
The growth rate of the digital camera market is 4.21% in the forecast period by 2030.
High adoption of digital cameras in various media publications & adoption of cameras as a profession and mainstream career are the growth drivers of the digital camera market.
Product type, distribution channel, digital sensor type, component, and end-user are the factors on which the digital camera market research is based.
Major companies in the digital camera market are Canon U.S.A. Inc. (U.S.), Nikon Corporation (Japan), Sony Corporation (Japan), OLYMPUS CORPORATION (U.S.), FUJIFILM Corporation (Japan), SAMSUNG (South Korea), Seiko Epson Corporation (Japan), Panasonic Corporation (Japan), CASIO COMPUTER CO., LTD. (Japan), RICOH IMAGING COMPANY, LTD. (Japan), HP Development Company, L.P. (U.S.), ZEISS International (Germany), Leica Camera AG (Germany), SIGMA CORPORATION (U.S.) Toshiba Teli Corporation (Japan)
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