5.95%+ CAGR, Digital Camera Market Global Industry to Reach Valuation over USD 1751.8 Million by 2027

03 Feb 2021

"Global Digital Camera Market is valued at USD 1168.8 Million in 2020 and expected to reach USD 1751.8 Million by 2027 with a CAGR of 5.95% over the forecast period."


Increasing demand for highly accurate geospatial information, consumer demand for high quality of digital imaging, rising per capita income and recent advancements in the digital technologies is driving the growth of the digital camera market.

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Scope of the Digital Camera Market Report:

A digital camera is a hardware device that takes the higher megapixel images and stores the pictures as data in a memory card. The quality of digital camera pictures is basically dependent on its megapixel rating. For example, a 10 MP (megapixel) digital camera can able to capture better pictures than a 7-megapixel digital camera. The first digital camera was developed in 1975 by Steven Sasson and it primarily used a charge coupled device, which is a type of image sensor. Capture of images is usually accomplished by using photo sensor and a charged coupled device (CCD). These stored images can be uploaded to a computer instantly or stored in the camera to be uploaded into a computer, printer or any other devices. The advantage of digital cameras is that user can easily capture the photos in both inexpensive and fast way because there is no film processing.

Digital camera market is segmented on the basis of by type, application and by region. Based on type, digital camera market is segmented into digital single-lens reflex (DSLR) cameras, compact digital cameras, bridge compact digital cameras and mirrorless interchangeable lens cameras. Based upon application, the market is classified into general and commercial.

 The regions covered in this digital camera market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, market of digital camera market is sub divided into U.S., Mexico, Canada, UK, France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.

Digital camera Manufacturers:

Key players of the digital camera market are,

Canon
Nikon Corporation
Panasonic
Samsung Electronics
Sony Corporation
Beijing Huaqi Information Digital Technology
Casio Computer
Fujifilm
Eastman Kodak Company
Olympus Corporation
Others

Global Digital camera Market Dynamics –

The growth of digital camera market is primarily driven by an increasing demand for highly accurate geospatial information, consumer demand for high quality of digital imaging, rising per capita income and recent advancements in the digital technologies. For example; shipments of fixed lens compact digital cameras was totaled to about 6,755,467 units, where shipments of interchangeable lens digital cameras (single-lens reflex and mirrorless) also amounted to around 8,461,490 units. Furthermore, high demand for inexpensive low-power and miniaturized digital imaging systems is also supporting the growth of this market. However, domestic companies are facing fierce competition in developing advanced digital SLR cameras can be a hindrance to the growth of this market.  Digital camera sensor technology has been significantly improving for the last years to capture better image quality from a cheap camera and this will offer lucrative opportunities for this market in near future.

North America is expected to dominate the Digital camera Market.

North America is expected to dominate digital camera market due to increasing advancements in sensor technology, rise in disposable income and the emergence of new designs. These factors have shown a positive impact on new digital camera sales in this region. In addition, Asia pacific is emerging as the fastest growing region in terms of digital camera. This is because numbers of digital camera manufacturing companies are working with digital innovations are leading to the increased demand for digital camera in Asia pacific. For example; Japan’s digital camera makers including Nikon, Canon and Fujifilm have experience a profit growth in the most recent annual period. In 2017, the number of units shipped domestically was an around 3.52 million which is about 1,000 more than the previous year. According to the CIPA, the Japan’s shipments are increased by 8.3 %.

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Key Benefits for Digital camera Market Reports –                   

Global market report covers in depth historical and forecast analysis.

Global market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Competitive Analysis, Regional and Country Level.

Global market report helps to identify opportunities in market place.

Global market report covers extensive analysis of emerging trends and competitive landscape.

Digital Camera Market Segmentation –

By Type: Digital single-lens reflex (DSLR) cameras, Compact digital cameras, Bridge compact digital cameras, Mirrorless interchangeable lens cameras

By Application: General, Commercial

Regional & Country Analysis
North America, U.S., Mexico, Canada , Europe, UK, France, Germany, Italy , Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of Middle East and Africa

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