The global digital cameras market is expected
to reach USD 19.77 billion by 2020, according to a new study by Grand View
Research, Inc. Growing demand for interchangeable lens cameras with higher
selling prices is expected to fuel industry growth over the forecast period.
These include digital single lens reflex cameras (DSLR) as well as non-reflex
cameras, also referred to as mirrorless cameras. Increasing replacement demand
coupled with technological enhancements such as Wi-Fi-enabled cameras is
expected to favorably impact the market.
The trend of sharing images over
the internet and availability of image processing tools has given impetus to
the market. Widespread adoption of internet services and surge in social
networking activities is expected to further bolster industry outlook. However,
proliferation of smartphones globally is a major concern for industry
participants, on account of the ready availability and convenience offered by
smartphone cameras. The value chain consists of manufacturers of digital cameras
and associated parts, as well as retailers or distributors.
Browse full research report on Digital Camera Market: http://www.grandviewresearch.com/industry-analysis/digital-camera-industry
Further key findings from
the study suggest:
- Global digital camera unit shipments were estimated
to be 98.6 million units in 2012, and is expected to reach 171.7 million
units by 2020
- Built-in lens cameras accounted for over 78% of the
overall shipments in 2012. Interchangeable lens cameras contributed to
over 50% of the market revenue in 2012, which can primarily be attributed
to high selling prices of these products. Digital Single Lens Reflex
(DSLR) cameras occupied over 80% of the market in 2012; however, they are
expected to lose market share with an estimated CAGR of 3.8% from 2013 to
2020.
- Asia Pacific is expected to be the largest and
fastest growing regional segment, and is estimated to grow at a CAGR of
8.1% over the forecast period to account for approximately 36% of the
global market by 2020. This can primarily be attributed to rising
purchasing power and relatively lower product penetration. Compact cameras
with built-in lenses accounted for over 75% of regional shipments.
Mirrorless cameras are also compact in nature as compared to DSLRs, and
have been witnessing growth in countries such as Japan and China.
- The market is dominated by Japanese participants;
Canon Inc. and Nikon Corporation account for majority of the overall
market share. Key players also include Sony Corporation, Samsung Electronics
Corporation, Fujifilm Holdings, Olympus Corporation and Ricoh Imaging
Company among others. Manufacturers have been focusing on the high-end
product segment in order to stay competitive in an ecosystem characterized
by changing user trends.
Browse more reports of this category by Grand View
Research: http://www.grandviewresearch.com/industry/digital-media
Grand View Research has segmented the global digital camera
market on the basis of product segments and region:
Digital Camera Product Segment Outlook
- Built-in
Lens Camera
- Interchangeable
Lens Camera
- Digital
Single Lens Reflex (DSLR)
- Non-Reflex
Digital Camera Regional Outlook
- North
America
- U.S.
- Canada
- Europe
- UK
- France
- Germany
- Russia
- Asia
Pacific
- India
- China
- Japan
- Rest
of the World
Access Press Release
By Grand View Research: http://www.grandviewresearch.com/press-release/global-digital-camera-market
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
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