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.
Global
Digital Camera Unit Shipments, by Product Segment, 2012
Browse full
research report on Digital Camera Market: https://www.grandviewresearch.com/industry-analysis/digital-camera-industry
Further key
findings from the report 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: https://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: https://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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