“Digital Camera Market Report and Forecast 2022-2027”
The global market size for digital cameras is projected to reach USD 9.78 billion by 2027
Expert Market Research’s Global Digital Camera Market Share, Size, Price, Trends, Growth, Analysis, Report and Forecast 2022-2027 provides a comprehensive outlook of the global Digital Camera market and evaluates the market based on its segments such as Type and main regions.
The report examines the latest updates in the market along with their impact on the overall market. It also analyzes market demand along with its price and demand indicators. The report also tracks the market based on SWOT and Porter’s Five Forces models.
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Digital Camera Market Share, Size, Industry Report, Major Players, Key Segments and Forecast
Key highlights of the report include:
Market overview (2017-2027)
• Historical market size (2021): USD 7.19 billion
• Forecast CAGR (2022-2027): 4.7%
• Projected market size (2027): USD 9.78 billion
The demand for digital cameras is increasing with the rising trend of photography, as these cameras help to capture and store videos and photos digitally instead of printing them on film like traditional analogue cameras. Such devices also offer basic image editing functions including image enhancement and cropping, which drives the demand for the digital camera market around the world. Other key features include BSS best shot selector, burst shots, autofocus, optical zoom, ISO and AWB updates.
In addition to taking pictures, various digital cameras are efficient in taking videos. It uses a lens along with a variable aperture to change electronic lighting and a viewfinder monitor to display a captured video or image.
The main advantage of digital photography is the instant visibility of images and videos in conjunction with the image editing software used to recolor, crop, compensate for contrast/imperfections and combine one or more images. This is expected to further boost market demand for digital cameras worldwide.
Rising social media platforms like Instagram are driving digital camera market growth. They offer consumers worldwide the opportunity to engage in photography. Most of the users take pictures with professional DSLRs and later post them on the social media platform instead of just taking photos through phones.
Digital camera industry definition and main segments
A digital camera is also called a digicam. It uses an electronic image sensor to capture video and capture still images. Its optical system works like a film camera, using an aperture and lens to modify the illumination of the electronic image sensor. Digital cameras are used by experienced, professional and non-professional photographers with several automated control functions. The new generation of digital cameras allow easy handling of most functions.
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On the basis of type, the digital camera market is segmented into the following:
• Interchangeable lens cameras
o Digital single lens reflex (SLR) cameras.
o Digital range finders
o Line camera systems, mirrorless cameras
• Built-in lens camera
o Bridge cameras
o Compact digital cameras
According to region, the market is segmented into:
• North America
• Latin America
• Asia Pacific
• Middle East and Africa
Digital Camera Market Trends
Increasing demand for lightweight cameras coupled with premium quality digital cameras and increasing application of digital cameras in sports, entertainment and media are supporting the growth of the digital camera market. Increasing demand for digital SLR cameras is likely to fuel digital camera market growth due to increasing digitization. Their ease of use along with robust demand in relation to similar markets is expected to drive the digital camera market growth during the forecast period.
In addition, digital SLR cameras have emerged as an emerging segment that delivers high-quality images. Moreover, evolving technologies such as the assimilation of AI along with the proliferation of lightweight mirrorless cameras are expected to drive the growth of the digital camera market in the coming years. Increasing investments by the key market players and growing involvement in travel and tourism activities coupled with increasing demand for advanced cameras among multiple users is expected to boost the digital camera market growth across the globe.
The demand for lightweight, compact, and high-quality cameras is increasing as consumer interest and enthusiasm for vision capture increases. Additionally, the advent of digital cameras along with smartphones has created a mainstream profession of photography. A growing demand for high-quality cameras with user-friendly interfaces as well as affordable prices continues to positively influence demand in the digital camera market. Commercial photography’s reliance on digital cameras is driving market demand, for example, action photography is driving demand for compact digital cameras.
Geographically, the Asia-Pacific region is expected to witness significant digital camera market growth due to increasing consumer affluence along with growing population across the region.
Important market participants
The major players covered in the global Digital Camera market report are
- Canon Inc.,
- sony corporation,
- Nikon Corporation,
- panasonic corporation,
- olympus corporation,
The report covers the market shares, capacities, asset turnover, expansions, investments and mergers and acquisitions among other latest developments of these market players.
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