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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Digital Camera Market Outlook
The global digital camera market attained a value of USD 10597.15 million in 2023. The market is estimated to grow at a CAGR of 6.5% during 2024-2032 to reach a value of USD 18620.65 million by 2032.
| Global Digital Camera Market Report Summary | Description | Value |
| Base Year | USD Million | 2023 |
| Historical Period | USD Million | 2018-2023 |
| Forecast Period | USD Million | 2024-2032 |
| Market Size 2023 | USD Million | 10,597.15 |
| Market Size 2032 | USD Million | 15,083.05 |
| CAGR 2018-2023 | Percentage | XX% |
| CAGR 2024-2032 | Percentage | 4.0% |
| CAGR 2024-2032 - Market by Region | Asia Pacific | 4.5% |
| CAGR 2024-2032 - Market by Country | Brazil | 4.6% |
| CAGR 2024-2032 - Market by Country | Canada | 4.4% |
| CAGR 2024-2032 - Market by Type | Built-in Lens Cameras | 4.3% |
| Market Share by Country 2023 | France | 3.7% |
Increased Demand for Digital Single-Lens Reflex Cameras to Augment the Market Growth of the Global Digital Camera Industry
Based on type, the demand for digital single-lens reflex (SLR) cameras is expected to rise significantly due to their ease of use, an increase in digitalisation, and strong demand associated with similar markets. In addition, digital SLR cameras have emerged as a growing segment offering superior image quality. In addition, the rapid technological advancements, such as the integration of artificial intelligence and the development of lightweight mirrorless cameras, are projected to further augment the market growth in the coming years.
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The Asia Pacific to Provide Profitable Growth Opportunities for the Global Digital Camera Industry Growth
The Asia Pacific is predicted to occupy a significant share of the digital camera industry because of the steadily increasing population as well as the rising consumer affluence in the region. While assessing the industry's import and export situation, it was found that the United States is the main importer, whereas China is among the leading exporters of digital cameras globally. The rising incomes of consumers as well as technological advancements, including HD quality cameras and tactile automation, are also expected to positively influence the market growth.
Digital Camera: Market Segmentation
A digital camera refers to a multimedia device that uses an electronic image sensor to preserve digital photographs or videos. It comprises of a lens and a variable diaphragm to modify the electronic lighting, along with a viewfinder monitor to show a captured image or video. Unlike a movie camera, digital camera photos or videos are immediately accessible. Additionally, these devices also provide basic image editing functions, including cropping and image enhancement. Other features such as auto focusing, best shot selector, ISO, and AWB updates, burst shots, shutter speed, and optical zoom are standardised.
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By type, the market is segregated into:
- Interchangeable Lens Cameras
- Built-in Lens Camera
Among these, the interchangeable lens camera segment can be further distributed by type into digital single-lens reflex (SLR) cameras, digital rangefinders, line-scan camera systems, and mirrorless camera. At the same time, the built-in lens camera segment can be further divided by type into bridge cameras and compact digital cameras.
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Heightened Demand for Mirrorless Cameras to Drive the Global Digital Camera Industry
In recent years, digital cameras have increased their ability to capture high-quality images. Nonetheless, one of the major factors that negatively impacted the digital camera industry growth in the historical period was the advent of affordable smartphones with high-resolution lenses. The introduction of improved smartphones with exceptional camera functions reduced the need for digital cameras, as they allowed users to take pictures and edit them, on the go without the need of any specific equipment. However, the digital camera industry is projected to witness a significant growth in the forecast period due to the rising demand for mirrorless cameras. This can be attributed to the growing investments by the leading market players in the development of mirrorless cameras, fuelled by the growing demand for innovative cameras among consumers engaged in travel and tourism activities. For instance, in September 2021, FUJIFILM launched its new FUJIFILM GFX50S II, which is a new GFX series mirrorless digital camera comprising a large-format sensor with 51.4MP, providing powerful image stabilisation mechanism and a compact and lightweight body. Such developments are anticipated to propel the market growth in the forecast period.
| CAGR 2024-2032 - Market by | Country |
| Brazil | 4.6% |
| Canada | 4.4% |
| China | 4.3% |
| Germany | 3.9% |
| Mexico | 3.7% |
| USA | XX% |
| UK | XX% |
| France | XX% |
| Italy | 3.6% |
| Japan | XX% |
| India | XX% |
| Australia | XX% |
| Saudi Arabia | XX% |
Key Industry Players in the Global Digital Camera Market
The report gives a detailed analysis of the following key players in the global digital camera market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Canon Inc.
- Nikon Corporation
- Sony Group Corporation
- Panasonic Corporation
- FUJIFILM Holdings Corporation
- Others
The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model and SWOT analysis.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Type |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
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Digital Camera Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the global digital camera market attained a value of nearly USD 10597.15 million.
The market is expected to grow at a CAGR of 6.5% in the forecast period of 2024-2032.
The major drivers of the market, such as the rising demand for mirrorless cameras and the growing innovations by the manufacturers, are expected to propel the market growth.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific, with the Asia Pacific accounting for the largest market share.
The major product types in the market are divided into interchangeable lens cameras and built-in lens cameras.
The major players in the market are Canon Inc., Nikon Corporation, Sony Corporation, Panasonic Corporation, FUJIFILM Holdings Corporation, and others.
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