Digital Camera Market Research Report- Forecast 2027

Digital Camera Market, By Product Type (DSLR, Bridge Camera, Compact Digital Camera, Digital Range Finders, Built-In Lens, Non-Reflex), By Digital Sensor Types(CCD sensor, CMOS sensor, FOVEON X3 sensor, LiveMOS sensor), By Components(Lenses, Sensors ,LCD Screen, Memory Card, others) - Forecast 2027

ID: MRFR/SEM/1701-HCR | February 2021 | Region: Global | 100 pages

Digital Camera Market Overview


The digital camera market is predicted to reach ~5.1 billion by the year of 2022 and it is growing at CAGR of 7.1% between the years 2016 to 2022. The purpose of a digital camera is to capture photographs in digital memory and provide a digital image record in digital appearance. It has the characteristic feature of accumulating images digitally in a memory chip. After taking photograph it has the feature of initializing to the computer system, then displayed, and then can be printed. This camera commonly uses a lens with a variation of the diaphragm to a spotlight. Certain devices can grab sound or video to still images. These are used by those professionals who are dedicated to taking high-quality photographs. The digital camera market is formed by several radical trends which are connected to various key structures. The digital market industry is anticipated to testify robust advancement along with technological developments like HD and touch screen. Digital single-lens reflex camera and SLR camera market have high demand due to their high inclination in the market. The growth of smartphones creates a high boom in the  market which is a challenging factor for the makers of a digital camera. The decline in the growth of new features in the camera encourages the markets to discover something big in it. 

COVID 19 ANALYSIS
The outbreak of COVID has brought a transition in the projection of business in every aspect and digital marketing is no exception. This transition has prompted taking measures for the need for virtual marketing of brands. Based on the digital front, many brands took to engagement sources like social platforms which assisted in providing free tutorials to draw the attention of people who were staying indoors. During this breakdown, brands of the digital camera market no longer create a real-time ambiance for services. The industry was waiting for a positive outcome that will extend its opportunity to consumers for the association. With COVID 19 strategies, the  market was striving through the market which was no longer feasible to function. The surveillance of the Global digital camera market is observing lucrative growth which owes to regulatory conditions regarding government policies as well as wariness security.

MARKET DYNAMICS


  • DRIVERS

  • OPPORTUNITIES- technological advancement is unfolding several opportunities for new products and for boosting  market growth.

  • RESTRAINTS- the high cost of the camera and the large time required to transfer the data restraints the growth.

  • CHALLENGES- the manufacturers have a big challenge as they are being exterminated by the smartphone market.

  • CUMULATIVE GROWTH- DSLR is one of the cameras which is analyzed at a record of 20.3% CAGR and reaches 3 billion at a period at the end of the analysis period. The growth of China is estimated to be 24.3% of CAGR. Other geographic markets grow at a rate of 13.7% and 16.9%.


VALUE CHAIN ANALYSIS In today’s competitive business, business is targeting new improvements to gain profitability. To deal with competition and benchmark their product portfolios, organizations, have targeting products by their innovative products. Successful companies have unique challenges in this sector. These companies have supply chains that will deal with demand variation, fast product obsolescence, etc. the support chain will support the growth of the business. These chains improve the digital camera market size and its management process through demand forecasting along with capacity planning. The analysis enlightens the issues and components for the supply chain for new products. They utilize special tools for fulfilling their objective. A cross-functional team is playing a great role in leading the chain with reengineered effort. This chain initiative is a continual effort to gain benefit from the chain strategy.
SEGMENT OVERVIEW



  • BY TYPE- digital camera market forecast is segmented based on product type, digital sensor type, application, components, and geography. The product type is available as DSLR, bridge camera, compact digital camera, digital rangefinders, built-in-lens, non-reflex, etc. The digital sensor type is a CCD sensor, CMOS sensor, LiveMOS sensor, etc. Based on the component system camera is segmented into lenses, sensors, LCD screen, memory card, and many more. Based on application, it is of two types commercial and residential.

  • BY TECHNOLOGY- the advancement in technology and the growth in digital camera market size and social media platforms has given new hope to the vendors. The launching of upgraded featured digital cameras with advanced payment methods will help its growth.


REGIONAL ANALYSIS
Digital camera market growth in countries like India and China awaits to take hold of the money which increases the market size. The digital market in countries like the United State and European countries testifies mature conditions. North America is highly dominant and has a large market demand. With the increase in the number of customers in the largest market, Asia Pacific, here the market has a great demand for DSLR cameras. This has a great contribution to the expansion of the market.  As the demand for customers is high, Latin America is predicted to become the strongest market.
COMPETITIVE LANDSCAPE In the digital camera industry, there is high competition due to the presence of key players like Eastman Kodak Company (U. S.), Koninklijke Philips NV(Netherlands), Pentax Corporation (Japan), Samsung Group (South Korea), Panasonic Corporation (Japan), Olympus Corporation (Japan), Fujifilm Holdings Corporation (Japan), Sony Corporation (Japan), Nikon Corporation (Japan), Canon Inc. (Japan), others. Even though the market is facing the


With the huge competition of smartphones, the digital camera market is focusing on a product that targets a niche customer base.


RECENT DEVELOPMENTS



  • With the advancement of technology, high-resolution cameras which are often 12-20 megapixels are available. The film of the cameras has a high dynamic range which makes it best for capturing details on white and black grounds. This camera is free from focus issues.

  • It is lighter and easily can be carried.

  • The memory cards fitted in it can store more images.

  • Depending on your perspective, it has a high gratification feature.

  • Due to the gain in popularity of SLR, there is a rapid gain in traction globally. It has emerged as a growing segment for superior quality in the picture.


REPORT OVERVIEW


The detailed study deals with new trends, growth, and the number of market segments depending on the type of lens. Digital camera market analysis offers an extensive analysis of current and emerging marketing trends and dynamics in the marketing sector. You will come across a quantitative analysis of future estimation till 2023, which assists in identifying the prevailing changes in the digital field. You will understand the competitive scenario across the geographic regions. The report analyzed increases the attractiveness of the digital camera market. The various insights  analysis shows insights based on elaborate research by analysts and market projection methodologies that arrive at results and make them reliable. It presents profound experiences and the factors that affect or hamper growth.



Frequently Asked Questions (FAQ) :


Extreme growth in the fashion and entertainment sector, improved SLR camera sales, and digitalization are the marketing dynamics that fuel up the digital camera market in this forecast period. Penetration of the internet and rise in social media platforms is expected to contribute to the growth.

The digital camera is expected to capitalize to satisfy the need for a high definition camera on the digital camera market share. It has a great impact on the digital camera market growth. It contributes to 7% in the forecast period. The hike in the sale of SLR digital cameras generates USD 5 billion by 2022.

Some prominent developers are Eastman Kodak Company(U.S.), Pentax corporation(Japan), Koninklijke Philips N.V.(Netherlands), and Samsung Group(South Korea), Nikon, Canon, Hasselblad, etc. Canon has dominated the market in 2020 and had a digital market share of 45%. Sony and Nikon followed the ranking with a market value of 19% and 20%.

Resolution and compression, auto program/mode, scene mode, aperture mode, shutter priority, manual exposure mode, ISO, exposure compensation, the good sound quality of stereo and mono quality, has digital zooming feature which has image editing application.

The high volume of smartphones and the decline of innovation hinder its expansion. There are the majority of industry participants who do not desire to participate in discovering its features.