Digital Camera Market size to grow by USD 3.15 billion from 2022 to 2027, Canon Inc., Elite Brands Inc., FUJIFILM Corp., and more among key companies- Technavio
NEW YORK, Sept. 8, 2023 /PRNewswire/ -- The digital camera market size is expected to grow by USD 3.15 billion from 2022 to 2027. In addition, the growth momentum of the market will progress at a CAGR of 5.55% during the forecast period, according to Technavio. Availability in various price ranges is notably driving the digital camera market. However, factors such as the proliferation of smartphones may impede market growth. The market is segmented by Distribution Channel (Offline and Online), Type (Digital single-lens reflex 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). We provide a detailed analysis of 20 companies operating in the digital camera market including Canon Inc., Elite Brands Inc., FUJIFILM Corp., GoPro Inc., HP Inc., JMM Lee Properties LLC, KYOCERA Corp., Leica Camera AG, Nikon Corp., OM Digital Solutions Corp., Panasonic Holdings Corp., Polaroid International B.V., Qisda Corp., Ricoh Co. Ltd., Samsung Electronics Co. Ltd., Sharp Corp., SIGMA Corp., Sony Group Corp., Victor Hasselblad AB, and Eastman Kodak Co..The report offers an up-to-date analysis of the market, and to know the exact growth variance and the Y-O-Y growth rate, Request a Sample Report.
Digital Camera Market 2023-2027: Company Analysis
Canon Inc. - The company offers digital cameras such as Canon EOS 1500D, Canon EOS 200D, and Canon EOS R10.
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Digital Camera Market 2023-2027: Segmentation
APAC is estimated to contribute 32% to the growth of the global market during the forecast period. APAC is emerging as one of the fastest-growing digital camera markets due to growing customer awareness as well as the growing purchasing power of people in this region. The regional market has seen strong demand from several countries, such as Japan, Indonesia, India, and China. This region holds one of the highest shares of the target market by 2022. In addition, sales in the market are driven by the presence of a large population and increasing disposable income per capita. This region also offers inexpensive products with basic functionality. Emerging radical trends, backed by innovative technological breakthroughs and powerful advancements, such as HD displays and touch screens, are closely linked to the industry framework of the digital camera industry. Due to the increasing consumer demand for advanced photography, the demand for DSLR cameras and single-lens reflex (SLR) cameras has increased in the market. Hence, these factors are expected to drive segment growth in the region during the forecast period.
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Digital Camera Market 2023-2027: Key Highlights
The gaming console market size is estimated to grow at a CAGR of 6.63% between 2022 and 2027. The market size is forecast to increase by USD 17,071.59 million. This gaming console market report extensively covers market segmentation by type (TV consoles and handheld consoles), usage (casual gamers and hardcore gamers), and geography (APAC, North America, Europe, Middle East and Africa, and South America). The enhanced technological features and product innovations are notably driving the market growth.
The microphones market size is estimated to grow at a CAGR of 7.68% between 2022 and 2027. The market size is forecast to increase by USD 1,098.47 million. This microphones market report extensively covers market segmentation by type (XLR microphones and USB microphones), technology (wireless and wired), and geography (North America, Europe, APAC, South America, and the Middle East and Africa). The growing earphones and headphones industry is driving growth in the microphones market.
Historic Market Sizes
Five Forces Analysis
Market Segmentation by Distribute Channel
Market Segmentation by Type
Market Segmentation by Geography
Drivers, Challenges, & Trends
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide 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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