The growth of social media platforms, and the expansion of photography as a profession, increasing use of camera in media sector along with the growing trend of photography are the leading factors driving the global digital camera market during the projected period.
According to TechSci Research report, “Global Digital Camera Market – Industry Size, Share, Trends, Competition, Opportunity, and Forecast, 2018-2028F” Global Digital Camera Market is expected to grow faster during the forecast period and is being driven by rising consumer demand for lightweight cameras, high-quality digital cameras, and expansion of digital camera in entertainment, media, and sports industries.
Digital cameras provide a quick and affordable way to take pictures without the need for film processing. Memory cards in digital cameras can store thousands of photographs, depending on the card's size. It enables the photographer to take numerous photos without worrying about exceeding limitations. The LCD screen on most of the digital cameras shows a live preview of the image, making it easier to take the desired photo. When photos are taken digitally, it is very convenient to delete the unwanted ones, immediately on the camera.
Moreover, the most recent technological developments as well as an increase in social media and digital photography platforms have given the market manufacturers new opportunities. Major manufacturers including Nikon, Sony, Canon, and Fujifilm are introducing advancements for mirrorless cameras and are extremely positive about its acceptance. Major product launches with feature updates and improved camera services are all anticipated to support the development of the digital camera market.
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The digital camera market is segmented based on lens type, camera type, end-user, and distribution channel. The market is divided into interchangeable and built-in, based on lens type. Based on camera type, the market is further divided into digital single-lens reflex (DSLR) cameras, compact digital cameras, bridge compact digital cameras, and mirrorless interchangeable lens cameras. Based on End User, the market is segmented into personal and professional. Based on distribution channels, the market is fragmented into Supermarkets/Hypermarkets, Multi-Branded Stores, Exclusive Stores, Online, Others (Directs sales, etc.). The market analysis also studies the regional segmentation to devise regional market segmentation, divided among North America, Europe, Asia-Pacific, South America, and Middle East & Africa.
Key market players in the global digital camera market include:
- Canon U.S.A. Inc.
- Nikon Corporation
- Sony Corporation
- FUJIFILM Corporation
- Samsung Electronics
- Panasonic Corporation
- Olympus Corporation
- Seiko Epson Corporation
- Eastman Kodak Company
- Leica Camera AG
Various International and domestic companies are trying to enhance their market reach by increasing their merger and acquisition as well as research and development. For instance, In 2022, Fujifilm and Adobe announced a collaboration to create the "FUJIFILM X-H2S" (X-H2S) firmware, which would enable very first native Camera to Cloud (C2C) communication for mirrorless digital cameras, powered by Frame.io, in spring 2023.
The newest in a line of interchangeable lenses created for the FUJIFILM X Series of mirrorless digital cameras, the FUJINON XF56mmF1.2 R WR (XF56mmF1.2 R WR), is a weather-resistant, mid-telephoto prime lens thatis available in market, according to FUJIFILM North America Corporation. The popular FUJINON XF56mmF1.2 R lens' successor, the FUJINON XF56mmF1.2 R WR, now has significant advancements over its earlier model in terms of minimum focusing distance, image-resolving ability, and exquisite portrayal of the background that is out of focus. In 2020, the Sony ZV-1, a pocket-sized digital camera with features that are simple to use and is targeted at vloggers and content makers, was released.
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“The rising demand for compact, lightweight cameras due to the rise in vloggers and content creator across the globe is driving the global digital camera market. The industry for digital cameras is expanding because of social networking's rising popularity and the trend of sharing photographs across different platforms. Increasing demand for lightweight cameras, high-quality digital cameras, and expansion in applications of digital cameras in entertainment, media, and sports are the drivers for the growth of the global Digital Camera Market.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“Digital Camera Market - Global Industry Size, Share, Trends, Competition, Opportunity, and Forecast, 2018-2028F Segmented By Lens Type (Interchangeable, Built-in), By Camera Type (Digital Single-Lens Reflex (DSLR) Cameras, Compact Digital Cameras, Bridge Compact Digital Cameras, Mirrorless Interchangeable Lens Cameras), By End User (Personal, Professional) By Distribution Channel (Supermarkets/Hypermarkets, Multi-Branded Stores, Exclusive Stores, Online, Others (Directs sales, etc.)), By Region, Competition, Forecast & Opportunities, 2018-2028F”, has evaluated the future growth potential of digital camera in the global market and provides statistics and information on market structure, size, share, and future growth. The report is intended to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities present in the global digital camera market.
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Global Digital Camera Market - OverviewA digital camera uses an electronic image sensor to create still photographs and record video.
Digital photography is adaptable and compatible with email, CD/DVD, TV and computer monitors, the Web and may be stored on a PC.
Some digital cameras have a built-in GPS receiver, which is used to produce geotagged photographs.The big advantage of digital cameras is that making photos is both inexpensive and fast because there is no film processing.
In-built photography features such as filters, HDR, portrait capturing, landscape capturing, and brightness control in smartphones is expected to have an adverse effect on the market.Industry NewsDecember, 2017 - The Thayer School of Engineering developed Optica detailing the Quanta Image Sensor (QIS), a digital camera sensor capable of capturing images even in the smallest amount of light possible.
This product features a self-learning algorithm that can even compensate for face changes from aging.
To maintain their market position and to drive the market growth, various dynamic and diversified international organizations, domestic organizations and as well as new entrants form a competitive landscape.
