Digital Camera Market By Product Type (Single Reflex, Non-Reflex) By Lens Type (Fixed Lens, Interchangeable Lens) By Sensing Technology (CCD, CMOS) By Application (Personal, Professional) - Growth, Share, Opportunities & Competitive Analysis, 2016 – 2028

How will the Integration of CMOS Technology in Digital Cameras Benefit the Market?

CMOS is an abbreviation for Complementary metal-oxide-semiconductor. CMOS digital cameras use CMOS chips to move charge over traditional wires, using transistors at each pixel. Since CMOS lens-based cameras offer quicker processing speed and sensitivity than CCD cameras, the CMOS sector is expected to have a considerable market share. The advantages of high-speed still- and video-capture modes of CMOS digital cameras, as well as other features that harness the potential of fast capture and data-shuttling speeds, are pushing the adoption of CMOS digital cameras. Furthermore, regular technological advancements in the design of CMOS lens-based digital cameras are expected to entice people to purchase such devices. As a result, the CMOS segment generates more money.

What is the Market Size of a Digital Camera in terms of value?

Global Digital Camera is projected to increase at a significant CAGR of 6.5 % in the coming years. In 2021, the global Digital Camera market was valued at USD 4.5 billion and is projected to reach at value of USD 6.5 million by 2028. The demand for Digital Camera is projected to increase substantially in the coming years and is presumed to generate revenue opportunities for the key industry players that worth USD 45 billion during the forecast period between 2022 and 2028.

digital-cameras-market

What is the Price Trends for Digital Camera?

The price of Digital Camera has been very volatile in recent years. For instance, the price of a Nikon D50 camera was USD 799 in 2005 which has increased to USD 1100 in 2021. Similarly the price of all digital camera of the various brand has increased in recent years. Prices have risen due to a variety of factors, including inflation, increasing shipping costs, chip shortages, and the ongoing COVID situation. The rise in energy prices will undoubtedly have an impact, as manufacturing costs will rise.

Interesting Facts about Digital Camera Industry

  • The top 5 countries for Camera exports are China, Philippines, Malaysia, Thailand, and United States.
  • The top 5 countries for Camera imports are Vietnam, Germany, India, Japan, and Hong Kong.
  • The popularity of social networking sites, the growth of adventure tourism, and technological improvements that allow for the creation of HD quality recordings have raised the market for action cameras.
  • However, the arrival of luxury smartphones with high-resolution lenses is one of the key reason’s severely hurting global demand for digital cameras.
  • North America is expected to lead the worldwide digital cameras market during the forecast period because of the high rate of acceptance of technologically advanced products.
  • The interchangeable lens sector is likely to hold the highest proportion of the global market as a lens in such a camera can be swapped for another lens.

Who are the Top 10 players/companies in the Digital Camera market in terms of value and volume?

The key players in the global Digital Camera market in terms of value and volume include Sony Corporation, Fujifilm Holdings Corporation, Canon Inc., and TAMRON Co. Ltd., among others. These key players are concentrating on new product developments as well as technological innovation to enhance their production of Digital Camera to gain competitive market share at a global level. Moreover, several regional and national players are investing substantially to extend their product portfolios and increase sales. For instance, in May 2020, Sony introduced the ZV-1, a pocket-sized digital camera geared at video content makers (or vloggers) and created from the bottom up for content creators and vloggers, with simple functionality. The ZV-1 is exclusively available in the United States at a special introductory price of around USD 749 until June 2020. Following that, the price will jump to around USD 799 and will be available in Canada for around CAD 999 CAD. It has a 1.0-type stacked Exmor RS CMOS image sensor with a DRAM chip and a large-aperture 24-70mm F1.8-2.8 ZEISS Vario-Sonnar T lens. For instance, in January 2020, Nikon unveiled the FX-format D780. It has a 24.5-megapixel BSI CMOS sensor in FX-format (35.9 x 23.9 mm) and an Expeed 6 image processor allowing seven frames per second continuous shooting through the viewfinder or up to 12 fps in Live View, as well as a light sensitivity range of ISO100-51200 (which can expand to ISO204,800).

Who are the Top 10 Countries in the Digital Camera Market?

In the global Digital Camera market, the major countries are US, UK, Germany, Italy, France, Russia, China, India, Japan, and South Korea. The United States is a highly profitable market for digital camera providers, as the country has made efforts to improve its security and surveillance systems. As individuals' and governments' security expenditures have increased, there has been an increase in demand for digital security cameras in the United States. Furthermore, rising interest in nature, fashion, and wedding photography has fuelled the expansion of the digital camera market. Rising per capita earnings have made digital cameras more affordable, accelerating market expansion in the nation.

Which is the Key Application Area in the Digital Camera Market?

The key applications of Digital Camera include Personal, and Professional. The professional segment is likely to dominate the market because of the high demand for superior digital cameras among film producers. The increased use of professional cameras in media and entertainment to record material is the primary driver of professional camera market growth. Another factor driving the market is the increased use of professional cameras in industries such as manufacturing, building, civil infrastructure, and historical site maintenance. Furthermore, higher pricing for professional application purpose digital cameras result in increased revenue from this category.

What are the Major Driving Factors for Digital Camera Market?

One of the primary reasons driving the growth of the digital camera market is the availability of products in a variety of price ranges. One of the important digital camera industry trends driving market expansion is the increased use of action cameras. The popularity of social networking sites, the growth of adventure tourism, and technological improvements that allow for the creation of HD quality recordings have raised the market for action cameras. More technological developments in the technologies required to make digital cameras better and more effective are motivating more producers to produce superior cameras with more novel applications. The desire for compact cameras that can capture high-resolution images fast is growing. This is essentially what is propelling the digital camera market forward.

What are the Major Restraints for Digital Camera Market?

Smartphone cameras are still significantly more expensive than digital cameras, but the easy camera interface, combined with features like swipe to modify the exposure,' makes smartphone photography a very appealing option. These high-quality tiny cameras in cellphones are also Internet-connected and it became incredibly easy for consumers to publish those photographs on social media right away. As a result, these factors are projected to limit the growth of the digital camera market over the forecast period. Furthermore, the high cost of the camera and the lengthy time required to relay data limit market expansion.

Which Region Dominated the World Digital Camera Market?

North America may have the biggest market share for digital cameras. Several factors are now driving the North American digital camera market. Rising consumer appeal as a result of its capacity to generate high-quality images has fueled demand in the region. Rising per capita earnings have made digital cameras more affordable, accelerating market expansion in the region. Rising consumer knowledge of technological breakthroughs such as anti-shake technology, facial recognition, and preset modes has further boosted the demand for digital cameras in the region. Furthermore, the widespread availability of compatible digital cameras with interchangeable lenses has fueled demand in the region.

The Asia-Pacific region is predicted to grow the fastest. The Asia Pacific area has the fastest share due to the large shipment volume of digital cameras in countries such as China and India, which supports revenue creation from such items in the region. The rising trend of photography is one of the primary factors boosting demand for digital cameras in the region. Photography has become more user-friendly and economical, supporting the region's demand for digital cameras. Furthermore, strong government support for the growth of film production hubs in India, Singapore, China, and other countries is likely to stimulate the market for smart cameras for film applications.

 

Segmentation of Global Digital Camera Market-

Digital Camera Market- By Product Type 

  • Single Reflex
  • Non-Reflex

Digital Camera Market- By Lens Type

  • Fixed Lens
  • Interchangeable Lens

Digital Camera Market- By Sensing Technology 

  • CCD
  • CMOS

Digital Camera Market- By Application 

  • Personal
  • Professional

Frequently asked questions about global Digital Camera industry

The consumer electronics industry is one of the key industries experiencing severe disruptions such as supply chain breakdowns, factory shutdowns, and so on because of the pandemic. Additionally, worldwide travel prohibitions implemented by countries in Europe, Asia, and North America are harming commercial collaborations and relationships. All of these reasons are expected to have a negative impact on the consumer electronics industry and hence function as a restricting factor for the growth of

North America may have the biggest market share for digital cameras. Rising consumer appeal as a result of its capacity to generate high-quality images has fueled demand in the region.

The digital camera market is expected to increase significantly during the forecast period due to the fact that it produces high-quality photographs and movies and allows for the storage of images or films in computer memory.

The interchangeable lens sector is likely to hold the highest proportion of the global market as a lens in such a camera can be swapped for another lens.

The professional segment is likely to dominate the market because of the high demand for superior digital cameras among film producers.

Digital Camera Market Scope

Report Attribute Details
Market Value in 2021 USD 4.5 billion
Market Value in 2028 USD 6.5 million
CAGR 6.5 %
Benchmarking Year 2021
Past data 2016 – 2021
Forecast period 2022 – 2028
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Published Date:  Jun 2022
Category:  Technology & Media
Report ID:   57873
Report Format:   PDF
Pages:   165
Rating:    4.8 (65)
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