Camera accessories market 2023-2027: A descriptive analysis of parent market, five forces model, market dynamics, and segmentation - Technavio

NEW YORK, Dec. 20, 2022 /PRNewswire/ -- According to Technavio, the global camera accessories market size is estimated to grow by USD 856.09 million from 2022 to 2027. The market is estimated to grow at a CAGR of 3.71% during the forecast period. North America will account for 51% of the market's growth during the forecast period.

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Global camera accessories market- Five forces
The global camera accessories market is fragmented, and the five forces analysis covers– 

• Bargaining Power of Buyers 
• The threat of New Entrants
• Threat of Rivalry
• Bargaining Power of Suppliers
• Threat of Substitutes
• Interpretation of porter's five models helps to strategize the business, for entire details – buy the report!

Global camera accessories market- Parent market analysis

Technavio categorizes the global camera accessories market as a part of the global leisure products industry within the global household durables market. The parent market, the global leisure products market, covers a variety of categories, including sports equipment, musical instruments, camping equipment, recreational vehicles, bicycles, toys, and other consumer-oriented games. Technavio calculates the global leisure products market size based on combined revenues generated by manufacturers of household durables, including consumer electronics, home furnishings, homebuilding products, household appliances, houseware and specialties, and leisure products.

Find insights on parent market & value chain analysis, and download an exclusive sample!

Global camera accessories market– Customer landscape 

The report includes the market's adoption lifecycle, from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global camera accessories market- Segmentation assessment

Segment Overview
Technavio has segmented the market based on type (lenses, bags and cases, tripods, batteries and chargers, and others), and distribution channels (online and offline).

• The lens segment will grow at the highest rate during the forecast period. Several industries are early adopters of advanced technologies. There are various lenses available on the market, including ones with broader angles, optical adjustments, and additional zooming abilities. Non-threaded lenses are created by some aftermarket manufacturers for point-and-shoot cameras. They are magnetic lenses that attach to the camera using a magnetic ring rather than threads. With high-end cameras, such as DSLR cameras, a variety of lenses are available, including telephoto lenses and wide-angle lenses. Thus, the lens market in the global camera industry is anticipated to expand throughout the course of the projected period as camera sales increase.

Geography Overview
By geography, the global camera accessories market is segmented into North America, Europe, APAC, South America, and Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global camera accessories market.

• North America will account for 51% of the market's growth during the forecast period. The US is the major revenue-contributing country in North America. Because of the early adoption of digital cameras in the area, the market is anticipated to become saturated throughout the projection period. This will probably cause its revenue share to decrease. The market for camera equipment is also threatened by the widespread use of smartphones.

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Global camera accessories market– Market dynamics

Key factor driving market growth

• One of the key factors driving the global camera accessories market is the high demand for advanced digital cameras.
• Globally, the sales of digital cameras, such as DSLRs and MILCs, are closely associated with the sales of camera accessories. In addition to greater picture and video quality, a large number of modern cameras are compatible with a variety of lenses. As a result, customers can modify their cameras to suit their own requirements.
• The expansion of the global camera accessory market is being fueled by the improved compatibility of cameras with lenses of varying resolutions, apertures, and focal lengths.

Leading trends influencing the market 

• Technological advances are the primary trend for the global camera accessories market growth in the forecast period.
• Some of the important developments include the development of new attachments that may be used to enhance the functionality and performance of cameras, as well as accessories that offer improved stability and fresh perspectives on photography.
• Due to the development of action cameras like the GoPro Hero series, the market for camera accessories has advanced. Customers have a variety of accessories to choose from, such as handheld, wearable, and various adjustable mounts and handlers.
• Additionally, the market provides accessories for various shooting requirements and settings, such as touring, scuba diving, surfing, and snorkeling. All such factors will drive market growth during the forecast period.

Major challenges hindering the market growth

• The declining cost of camera accessories will be a major challenge for the global camera accessories market during the forecast period.
• Due to the continual increase in demand for camera accessories from amateur and professional photographers, the prices of camera accessories are steadily falling.
• In addition, developing nations like India generate the majority of the income in the worldwide market for digital cameras since consumers there are price-sensitive. As a result, there isn't much potential for price growth in the accessory market.
• This forces manufacturers of cameras and camera accessories to engage in ongoing price competition, which lowers the average price of these products and restrains market expansion.

Driver, Trend & Challenges are the factor of market dynamics that states about consequences & sustainability of the businesses, find some insights from a sample report!

What are the key data covered in this camera accessories market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the camera accessories market between 2023 and 2027
• Precise estimation of the size of the camera accessories market and its contribution to the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the camera accessories market across North America, Europe, APAC, South America, and Middle East and Africa
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of camera accessories market vendors

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Table of Contents

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Distribution Channel
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global camera accessories market 2017 - 2021
• Exhibit 18: Historic Market Size – Data Table on Global camera accessories market 2017 - 2021 ($ million)

• 4.2 Type Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – Type Segment 2017 - 2021 ($ million)

• 4.3 Distribution Channel Segment Analysis 2017 - 2021
• Exhibit 20: Historic Market Size – Distribution Channel Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Type

• 6.1 Market segments 
• Exhibit 30: Chart on Type - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Type - Market share 2022-2027 (%)

• 6.2 Comparison by Type 
• Exhibit 32: Chart on Comparison by Type
• Exhibit 33: Data Table on Comparison by Type

• 6.3 Lenses - Market size and forecast 2022-2027
• Exhibit 34: Chart on Lenses - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Lenses - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Lenses - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Lenses - Year-over-year growth 2022-2027 (%)

• 6.4 Bags and cases - Market size and forecast 2022-2027
• Exhibit 38: Chart on Bags and cases - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Bags and cases - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Bags and cases - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Bags and cases - Year-over-year growth 2022-2027 (%)

• 6.5 Tripods - Market size and forecast 2022-2027
• Exhibit 42: Chart on Tripods - Market size and forecast 2022-2027 ($ million)
• Exhibit 43: Data Table on Tripods - Market size and forecast 2022-2027 ($ million)
• Exhibit 44: Chart on Tripods - Year-over-year growth 2022-2027 (%)
• Exhibit 45: Data Table on Tripods - Year-over-year growth 2022-2027 (%)

• 6.6 Batteries and chargers - Market size and forecast 2022-2027 
• Exhibit 46: Chart on Batteries and chargers - Market size and forecast 2022-2027 ($ million)
• Exhibit 47: Data Table on Batteries and chargers - Market size and forecast 2022-2027 ($ million)
• Exhibit 48: Chart on Batteries and chargers - Year-over-year growth 2022-2027 (%)
• Exhibit 49: Data Table on Batteries and chargers - Year-over-year growth 2022-2027 (%)

• 6.7 Others - Market size and forecast 2022-2027
• Exhibit 50: Chart on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 51: Data Table on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 52: Chart on Others - Year-over-year growth 2022-2027 (%)
• Exhibit 53: Data Table on Others - Year-over-year growth 2022-2027 (%)

• 6.8 Market opportunity by Type 
• Exhibit 54: Market opportunity by Type ($ million)

7 Market Segmentation by Distribution Channel

• 7.1 Market segments 
• Exhibit 55: Chart on Distribution Channel - Market share 2022-2027 (%)
• Exhibit 56: Data Table on Distribution Channel - Market share 2022-2027 (%)

• 7.2 Comparison by Distribution Channel 
• Exhibit 57: Chart on Comparison by Distribution Channel
• Exhibit 58: Data Table on Comparison by Distribution Channel

• 7.3 Online - Market size and forecast 2022-2027 
• Exhibit 59: Chart on Online - Market size and forecast 2022-2027 ($ million)
• Exhibit 60: Data Table on Online - Market size and forecast 2022-2027 ($ million)
• Exhibit 61: Chart on Online - Year-over-year growth 2022-2027 (%)
• Exhibit 62: Data Table on Online - Year-over-year growth 2022-2027 (%)

• 7.4 Offline - Market size and forecast 2022-2027
• Exhibit 63: Chart on Offline - Market size and forecast 2022-2027 ($ million)
• Exhibit 64: Data Table on Offline - Market size and forecast 2022-2027 ($ million)
• Exhibit 65: Chart on Offline - Year-over-year growth 2022-2027 (%)
• Exhibit 66: Data Table on Offline - Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by Distribution Channel
• Exhibit 67: Market opportunity by Distribution Channel ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 68: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 69: Chart on Market share by geography 2022-2027 (%)
• Exhibit 70: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 71: Chart on Geographic comparison
• Exhibit 72: Data Table on Geographic comparison

• 9.3 North America - Market size and forecast 2022-2027
• Exhibit 73: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 74: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 75: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 76: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.4 Europe - Market size and forecast 2022-2027
• Exhibit 77: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 78: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 79: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 80: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.5 APAC - Market size and forecast 2022-2027
• Exhibit 81: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 82: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 83: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 84: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.6 South America - Market size and forecast 2022-2027
• Exhibit 85: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 86: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 87: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 88: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 89: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 90: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 91: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 92: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.8 US - Market size and forecast 2022-2027
• Exhibit 93: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 94: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 95: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 96: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.9 UK - Market size and forecast 2022-2027
• Exhibit 97: Chart on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 98: Data Table on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 99: Chart on UK - Year-over-year growth 2022-2027 (%)
• Exhibit 100: Data Table on UK - Year-over-year growth 2022-2027 (%)

• 9.10 Germany - Market size and forecast 2022-2027
• Exhibit 101: Chart on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 102: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 103: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 104: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.11 France - Market size and forecast 2022-2027
• Exhibit 105: Chart on France - Market size and forecast 2022-2027 ($ million)
• Exhibit 106: Data Table on France - Market size and forecast 2022-2027 ($ million)
• Exhibit 107: Chart on France - Year-over-year growth 2022-2027 (%)
• Exhibit 108: Data Table on France - Year-over-year growth 2022-2027 (%)

• 9.12 Italy - Market size and forecast 2022-2027 
• Exhibit 109: Chart on Italy - Market size and forecast 2022-2027 ($ million)
• Exhibit 110: Data Table on Italy - Market size and forecast 2022-2027 ($ million)
• Exhibit 111: Chart on Italy - Year-over-year growth 2022-2027 (%)
• Exhibit 112: Data Table on Italy - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 113: Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 114: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape 
• Exhibit 115: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 116: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 117: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 118: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 119: Matrix on vendor position and classification

• 12.3 Canon Inc. 
• Exhibit 120: Canon Inc. - Overview
• Exhibit 121: Canon Inc. - Business segments
• Exhibit 122: Canon Inc. - Key news
• Exhibit 123: Canon Inc. - Key offerings
• Exhibit 124: Canon Inc. - Segment focus

• 12.4 FUJIFILM Corp. 
• Exhibit 125: FUJIFILM Corp. - Overview
• Exhibit 126: FUJIFILM Corp. - Business segments
• Exhibit 127: FUJIFILM Corp. - Key news
• Exhibit 128: FUJIFILM Corp. - Key offerings
• Exhibit 129: FUJIFILM Corp. - Segment focus

• 12.5 Hitachi Ltd. 
• Exhibit 130: Hitachi Ltd. - Overview
• Exhibit 131: Hitachi Ltd. - Business segments
• Exhibit 132: Hitachi Ltd. - Key news
• Exhibit 133: Hitachi Ltd. - Key offerings
• Exhibit 134: Hitachi Ltd. - Segment focus

• 12.6 JVCKENWOOD Corp. 
• Exhibit 135: JVCKENWOOD Corp. - Overview
• Exhibit 136: JVCKENWOOD Corp. - Business segments
• Exhibit 137: JVCKENWOOD Corp. - Key news
• Exhibit 138: JVCKENWOOD Corp. - Key offerings
• Exhibit 139: JVCKENWOOD Corp. - Segment focus

• 12.7 Kinefinity Inc. 
• Exhibit 140: Kinefinity Inc. - Overview
• Exhibit 141: Kinefinity Inc. - Product / Service
• Exhibit 142: Kinefinity Inc. - Key offerings

• 12.8 Koninklijke Philips NV 
• Exhibit 143: Koninklijke Philips NV - Overview
• Exhibit 144: Koninklijke Philips NV - Business segments
• Exhibit 145: Koninklijke Philips NV - Key news
• Exhibit 146: Koninklijke Philips NV - Key offerings
• Exhibit 147: Koninklijke Philips NV - Segment focus

• 12.9 Nikon Corp. 
• Exhibit 148: Nikon Corp. - Overview
• Exhibit 149: Nikon Corp. - Business segments
• Exhibit 150: Nikon Corp. - Key news
• Exhibit 151: Nikon Corp. - Key offerings
• Exhibit 152: Nikon Corp. - Segment focus

• 12.10 Olympus Corp. 
• Exhibit 153: Olympus Corp. - Overview
• Exhibit 154: Olympus Corp. - Business segments
• Exhibit 155: Olympus Corp. - Key news
• Exhibit 156: Olympus Corp. - Key offerings
• Exhibit 157: Olympus Corp. - Segment focus

• 12.11 Panavision Inc. 
• Exhibit 158: Panavision Inc. - Overview
• Exhibit 159: Panavision Inc. - Product / Service
• Exhibit 160: Panavision Inc. - Key offerings

• 12.12 RED Digital Cinema LLC 
• Exhibit 161: RED Digital Cinema LLC - Overview
• Exhibit 162: RED Digital Cinema LLC - Product / Service
• Exhibit 163: RED Digital Cinema LLC - Key offerings

• 12.13 Ricoh Co. Ltd. 
• Exhibit 164: Ricoh Co. Ltd. - Overview
• Exhibit 165: Ricoh Co. Ltd. - Business segments
• Exhibit 166: Ricoh Co. Ltd. - Key news
• Exhibit 167: Ricoh Co. Ltd. - Key offerings
• Exhibit 168: Ricoh Co. Ltd. - Segment focus

• 12.14 Samsung Electronics Co. Ltd. 
• Exhibit 169: Samsung Electronics Co. Ltd. - Overview
• Exhibit 170: Samsung Electronics Co. Ltd. - Business segments
• Exhibit 171: Samsung Electronics Co. Ltd. - Key news
• Exhibit 172: Samsung Electronics Co. Ltd. - Key offerings
• Exhibit 173: Samsung Electronics Co. Ltd. - Segment focus

• 12.15 SIGMA Corp. 
• Exhibit 174: SIGMA Corp. - Overview
• Exhibit 175: SIGMA Corp. - Product / Service
• Exhibit 176: SIGMA Corp. - Key offerings

• 12.16 Sony Group Corp. 
• Exhibit 177: Sony Group Corp. - Overview
• Exhibit 178: Sony Group Corp. - Business segments
• Exhibit 179: Sony Group Corp. - Key news
• Exhibit 180: Sony Group Corp. - Key offerings
• Exhibit 181: Sony Group Corp. - Segment focus

• 12.17 Transcend Information Inc. 
• Exhibit 182: Transcend Information Inc. - Overview
• Exhibit 183: Transcend Information Inc. - Product / Service
• Exhibit 184: Transcend Information Inc. - Key news
• Exhibit 185: Transcend Information Inc. - Key offerings

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 186: Inclusions checklist
• Exhibit 187: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 188: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 189: Research methodology
• Exhibit 190: Validation techniques employed for market sizing
• Exhibit 191: Information sources

• 13.5 List of abbreviations 
• Exhibit 192: List of abbreviations

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses 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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