USD 1.03 Bn growth in Digital Camera Market | Driven by the availability in various price ranges | Technavio
NEW YORK, May 13, 2022 /PRNewswire/ -- The "Digital Camera Market by Type and Geography - Forecast and Analysis 2022-2026" report has been added to Technavio's offering. The 142-pages report segments the market by type (DSLR cameras, compact digital cameras, mirrorless interchangeable lens cameras, and bridge compact digital cameras) and geography (APAC, North America, Europe, Middle East and Africa, and South America). The report identifies BenQ Corp., Canon Inc., Eastman Kodak Co., Elite Brands Inc., FUJIFILM Holdings Corp., GoPro Inc., HP Inc., JMM Lee Properties LLC, Kyocera Corp., Leica Camera AG, OM Digital Solutions Corp., Panasonic Corp., Polaroid International B.V., Ricoh Co. Ltd., Samsung Electronics Co. Ltd., Sharp Corp., SIGMA Corp., Sony Group Corp., Victor Hasselblad AB, and Nikon Corp. as dominant players.
Technavio expects the global digital camera market to observe an incremental growth of USD 1.03 billion between 2021 and 2026. However, the growth momentum is expected to decelerate at a CAGR of 1.89% during the forecast period.
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The global digital camera market is fragmented with the presence of several established vendors. All the established vendors in the market are trying to provide improved product quality and advanced features. The established players in the market are facing intense competition because of the product portfolio, product differentiation, and pricing of the products. Hence, vendors are continuously trying to expand their product portfolios by incorporating innovative features into their products, which will intensify the competition during the forecast period.
Although the availability in various price ranges, growing social media use, and the choice of professional photographers will offer immense growth opportunities, the proliferation of smartphones, low adoption of digital cameras in developing and emerging nations, and the popularity of intelligent imaging applications will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
For more insights into the vendor landscape, Read Our Sample Report.
Digital Camera Market 2022-2026: Segmentation
The global digital camera market is segmented as below:
DSLR cameras account for high sales in the market. DSLR cameras are high-end, versatile cameras that are available are affordable prices, which is driving the growth of the segment.
APAC witnessed the highest demand for digital cameras in 2021 due to the growing awareness among customers, along with the growing spending capacity of people in this region. Consumers in countries such as Japan, Indonesia, India, and China are exhibiting high demand for digital cameras. The presence of a large population and the growing disposable per capita income are driving the growth of the regional market.
Digital Camera Market 2022-2026: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our digital camera market report covers the following areas:
We provide a detailed analysis of around 25 vendors operating in the digital camera market. Backed with competitive intelligence and benchmarking, our research report on the digital camera market is designed to provide entry support, customer profile, and M&As as well as go-to-market strategy support.
Digital Camera Market 2022-2026: Key Highlights
Table Of Contents :
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Type
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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