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 2029.
Digital Camera Market Analysis and Size
Digital cameras are now used for personal and professional photography and in the entertainment, media, and sports industries. The film industry is one of the most important and profitable segments of the global entertainment industry. Recent technological advancements and the increasing number of digital photography and social media platforms have given the studied market vendors new hope.
Data Bridge Market Research analyses that the digital camera market was valued at USD 7.25 billion in 2021 and is expected to reach the value of USD 12.09 billion by 2029, at a CAGR of 6.60% during the forecast period. 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
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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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)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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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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Opportunities
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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
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 example, 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.
Restraints
- 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. The market's biggest and most pressing challenge will be a small customer base combined with complex features.
This digital camera market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, 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 Digital Camera market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Global Digital Camera Market
China was a major supplier of raw materials and finished products, the COVID-19 outbreak had a significant impact on electronic devices. The industry is on the verge of a production cut, a supply chain disruption, and price fluctuations. Major electronic companies' sales are expected to suffer in the near future. Asian countries have a significant presence of image sensor manufacturers and have experienced lockdowns and disruptions to production schedules. Sales have been down as a result of the COVID-19-led lockdown in most global economies, which has resulted in deliveries being limited to essentials and companies revising their revenue targets.
Recent Development
- In September 2022, in response to user demand, Canon U.S.A., Inc., a major provider of digital imaging solutions, announced the addition of a suite of products to its cinema and broadcast offerings. The CINE-SERVO 15-120mm T2.95-3.95 EF/PL (CN8x15 IAS S) is Canon's latest 8K CINE-SERVO lens for a wide range of productions, 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
Global Digital Camera Market Scope
The 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 analyze 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.
Product Type
- Digital Single-Lens Reflex (DSLR) Cameras
- Compact Digital Cameras
- Bridge Compact Digital Cameras
- Mirrorless Interchangeable Lens Cameras
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
Digital Camera Market Regional Analysis/Insights
The digital camera market is analyzed 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 digital camera market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America is expected to dominate the global digital cameras market during the forecast period 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 digital camera market is expected to expand rapidly 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 market regulation 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, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Digital Camera Market Share Analysis
The digital camera market competitive landscape provides details by competitor. 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 digital camera market.
Some of the major players operating 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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