Digital Camera Market Reports, Size, Share, Future Demand 2022

Overview:

The global market report considering various aspects of the digital camera market reveals a possibility of acquiring USD 5.1 billion by 2023 and this would happen with the market registering a CAGR of 7.1% for the forecast period of 2018 to 2023. Market Research Future (MRFR) points out several dynamics like advancing technologies, expanding market for the segment due to the surge in demand for tools to create content, rising vlogging-related activities, hike in investment for research, and increasing demand for it to support the entertainment industry as major game-changers.

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Segmentation:

The global report for the digital camera market includes a study of segments like product type, application, digital sensor type, and components.

By product types, the study indicates a discussion of segments like bridge camera, digital single-lens reflex (DSLR), digital rangefinders, compact digital cameras, built-in lens, and non-reflex.

By digital sensor types, the global market report includes an understanding of CMOS sensor, Foveon X3 sensor, CCD sensor, and LiveMOS sensor. The CMOS sensors are getting good traction.

By components, the global market for digital cameras includes discussions on lenses, sensors, memory cards, LCD screens, and others.

By application, the understanding of the digital camera includes reports on individual and commercial.

Regional Analysis:

The global market report with a discussion of the digital camera market includes a study of regional markets and it suggests the lion’s share is likely to come from Europe and North America.

Competitive Landscape:

Koninklijke Philips N.V (Netherlands), Eastman Kodak Company (U.S.), Panasonic Corporation (JAPAN), Pentax corporation (Japan), Samsung Group (South Korea), Fujifilm Holdings Corporation (Japan), OLYMPUS Corporation (Japan), Nikon Corporation (Japan), SONY Corporation.- (Japan), Canon Inc. (Japan), and others are names that get significant attention from the market analysts of the global digital camera market. This is due to their ability to transform the market with new launches and technological advancements. Their strategic dealings also inspire digital camera market trends.

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Industry News:

In July 2020, Electronics brand Sony has launched a pocket-sized digital camera for its Indian market. This new model is ZV-1 and it comes with various simple functionalities and is likely to benefit from vloggers and content creators. The camera has a side-opening vari-angle LCD screen that will assist users in taking better pictures and it can be used with one hand. The movie recording button is quite big and is placed on the top of the camera to help ease the process of finding it. Its price will be around USD 1000.

In August 2020, Hasselblad announced the launch of their new 907X 50C, which was supposed to be a limited edition at the beginning. This has the same 50MP resolution just like the Hasselblad X1D mirrorless camera and it also is loaded with the same XCD lenses. But its modular design has a CFV II 50C digital back that is known for handling the image capture and a new, slimline 907X body that works as a physical and electronic interface between the digital back and its lenses. The 907X 50C is a modular camera that boasts of the design of classic Hasselblad professional camera systems with all its black leatherette trim and chrome edging. It will hit the market as a kit with digital back and the 907X camera, but its lenses will be sold separately.

However, the supply chain took a blow due to the COVID-19 pandemic and the price is a factor that consumers are expected to think about, which might hold back the market growth.

About Market Research Future:

Market Research Future (MRFR) is a global market research firm that takes great pleasure in its services, providing a detailed and reliable study of diverse industries and consumers worldwide. MRFR's methodology integrates proprietary information with different data sources to provide the client with a comprehensive understanding of the current key trends, upcoming events, and the steps to be taken based on those aspects.

Our rapidly expanding market research company is assisted by a competent team of research analysts who provide useful analytics and data on technological and economic developments. Our deemed analysts make industrial visits and collect valuable information from influential market players. Our main goal is to keep our clients informed of new opportunities and challenges in various markets. We offer step-by-step assistance to our valued clients through strategic and consulting services to reach managerial and actionable decisions.

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