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Asia Pacific Digital Camera Market Size, Share, Analysis: By Type: Interchangeable Lens Cameras, Built-in Lens Cameras; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand, Key Indicators of Price; Competitive Landscape; Key Trends and Developments in the Market; 2024-2032
Asia Pacific Digital Camera Market Outlook
The Asia Pacific digital camera market size was valued at USD 3.75 billion in 2023. The market is further projected to grow at a CAGR of 4.5% between 2024 and 2032, reaching a value of USD 5.59 billion by 2032.
Key Takeaways
- As per industry reports, the market is influenced by factors such as the rising disposable income and the popularity of digital photography among the youth in the region.
- The demand for high-end cameras is driven by trends like vlogging, documentary filmmaking, and the need for better video quality in real-time streaming and pre-wedding shoots.
- The adoption of advanced technologies like ABS, ADAS, vehicle telematics, and dashcams is propelling Asia Pacific digital camera market growth, especially in countries like China, South Korea, and India.
- The region's vibrant tourism industry and cultural heritage have also contributed to the demand for digital cameras among travellers and photography enthusiasts.
The popularity of social media platforms and the rise of influencers and content creators have fuelled the demand for high-quality visuals and digital cameras. Additionally, increasing disposable incomes in the region have made digital cameras more affordable and accessible to a larger consumer base.
Continuous innovation in sensor technology, image processing, and connectivity options has led to improved image quality and enhanced features in digital cameras. Canon's EOS R5 mirrorless camera features a high-resolution 45-megapixel full-frame sensor, 8K video recording, and in-body image stabilisation, making it a popular choice among photographers.
Interchangeable lens cameras (ILCs) are high-end cameras that offer superior image quality, versatility, and a wide range of lens options. They are primarily used by professionals and enthusiasts who demand high-quality images and the flexibility to switch lenses according to their needs. Mirrorless cameras, a type of ILC, dominate the Asia Pacific digital camera market share as they offer a compact and lightweight design, excellent image quality, and fast autofocus performance. Olympus, Panasonic, and Fujifilm are some of the leading brands in this segment.
Digital Single-Lens Reflex (DSLR) Cameras are another type of ILCs that use a mirror mechanism to reflect the image from the lens to an optical viewfinder. They are known for their excellent image quality, fast autofocus, and a wide range of lens options. Canon, Nikon, and Sony are the leading brands in this segment.
On the other hand, point-and-shoot cameras are the most common type of built-in lens cameras. They are compact, easy to use, and offer basic features such as automatic exposure and scene modes. Canon PowerShot G7 X Mark III is a compact camera that offers a 1-inch sensor, 4K video recording, and a powerful zoom lens. They are popular among casual photographers who want a simple and affordable camera for everyday use.
Market Segmentation
Asia Pacific Digital Camera Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
- Interchangeable Lens Cameras
- Digital Single Lens Reflex (SLR) Cameras
- Digital Rangefinders
- Line-Scan Camera System
- Mirrorless Camera
- Built-in Lens Cameras
- Bridge Cameras
- Compact Digital Cameras
Market Breakup by Country
- China
- Japan
- India
- ASEAN
- Australia
- Others
Competitive Landscape
Market players are focusing on introducing a wide range of camera models with advanced features, competitive pricing, and localised marketing strategies to cater to the diverse needs of consumers.
- Canon Inc.
- Sony Group Corporation
- Nikon Corporation
- Panasonic Corporation
- FUJIFILM Holdings Corporation
- Samsung Electronics Co. Ltd.
- OM Digital Solutions Corporation
- Eastman Kodak Company
- Sigma Corporation
- Leica Camera AG
- Others
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 |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Global Digital Camera Market Overview
8.1 Key Industry Highlights
8.2 Global Digital Camera Historical Market (2018-2023)
8.3 Global Digital Camera Market Forecast (2024-2032)
8.4 Global Digital Camera Market Share by Region
8.4.1 North America
8.4.2 Europe
8.4.3 Asia Pacific
8.4.4 Latin America
8.4.5 Middle East and Africa
9 Asia Pacific Digital Camera Market Overview
9.1 Key Industry Highlights
9.2 Asia Pacific Digital Camera Historical Market (2018-2023)
9.3 Asia Pacific Digital Camera Market Forecast (2024-2032)
10 Asia Pacific Digital Camera Market by Type
10.1 Interchangeable Lens Cameras
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.1.3 Breakup by Type
10.1.3.1 Digital Single Lens Reflex (SLR) Cameras
10.1.3.2 Digital Rangefinders
10.1.3.3 Line-Scan Camera System
10.1.3.4 Mirrorless Camera
10.2 Built-in Lens Cameras
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.2.3 Breakup by Type
10.2.3.1 Bridge Cameras
10.2.3.2 Compact Digital Cameras
11 Asia Pacific Digital Camera Market by Country
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Market Dynamics
12.1 SWOT Analysis
12.1.1 Strengths
12.1.2 Weaknesses
12.1.3 Opportunities
12.1.4 Threats
12.2 Porter’s Five Forces Analysis
12.2.1 Supplier’s Power
12.2.2 Buyer’s Power
12.2.3 Threat of New Entrants
12.2.4 Degree of Rivalry
12.2.5 Threat of Substitutes
12.3 Key Indicators of Demand
12.4 Key Indicators of Price
13 Competitive Landscape
13.1 Market Structure
13.2 Company Profiles
13.2.1 Canon Inc.
13.2.1.1 Company Overview
13.2.1.2 Product Portfolio
13.2.1.3 Demographic Reach and Achievements
13.2.1.4 Certifications
13.2.2 Sony Group Corporation
13.2.2.1 Company Overview
13.2.2.2 Product Portfolio
13.2.2.3 Demographic Reach and Achievements
13.2.2.4 Certifications
13.2.3 Nikon Corporation
13.2.3.1 Company Overview
13.2.3.2 Product Portfolio
13.2.3.3 Demographic Reach and Achievements
13.2.3.4 Certifications
13.2.4 Panasonic Corporation
13.2.4.1 Company Overview
13.2.4.2 Product Portfolio
13.2.4.3 Demographic Reach and Achievements
13.2.4.4 Certifications
13.2.5 FUJIFILM Holdings Corporation
13.2.5.1 Company Overview
13.2.5.2 Product Portfolio
13.2.5.3 Demographic Reach and Achievements
13.2.5.4 Certifications
13.2.6 Samsung Electronics Co. Ltd.
13.2.6.1 Company Overview
13.2.6.2 Product Portfolio
13.2.6.3 Demographic Reach and Achievements
13.2.6.4 Certifications
13.2.7 OM Digital Solutions Corporation
13.2.7.1 Company Overview
13.2.7.2 Product Portfolio
13.2.7.3 Demographic Reach and Achievements
13.2.7.4 Certifications
13.2.8 Eastman Kodak Company
13.2.8.1 Company Overview
13.2.8.2 Product Portfolio
13.2.8.3 Demographic Reach and Achievements
13.2.8.4 Certifications
13.2.9 Sigma Corporation
13.2.9.1 Company Overview
13.2.9.2 Product Portfolio
13.2.9.3 Demographic Reach and Achievements
13.2.9.4 Certifications
13.2.10 Leica Camera AG
13.2.10.1 Company Overview
13.2.10.2 Product Portfolio
13.2.10.3 Demographic Reach and Achievements
13.2.10.4 Certifications
13.2.11 Others
14 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Digital Camera Market: Key Industry Highlights, 2018 and 2032
2. Asia Pacific Digital Camera Market: Key Industry Highlights, 2018 and 2032
3. Asia Pacific Digital Camera Historical Market: Breakup by Type (USD Billion), 2018-2023
4. Asia Pacific Digital Camera Market Forecast: Breakup by Type (USD Billion), 2024-2032
5. Asia Pacific Digital Camera Historical Market: Breakup by Country (USD Billion), 2018-2023
6. Asia Pacific Digital Camera Market Forecast: Breakup by Country (USD Billion), 2024-2032
7. Asia Pacific Digital Camera Market Structure
Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 3.75 billion.
The market is expected to grow at a CAGR of 4.5% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 5.59 billion by 2032.
The market is being driven due to rising demand for mirrorless cameras, increased disposable income, and the growing popularity of photography in the region.
Key trends aiding the market expansion include popularity of social media platforms, rise of influencers and content creators, region's vibrant tourism industry, and demand for digital cameras among travellers and photography enthusiasts.
Countries considered in the market are China, Japan, India, ASEAN, and Australia, among others.
Based on type, the market segmentations include interchangeable lens cameras, such as digital single lens reflex (SLR) cameras, digital rangefinders, line-scan camera system, mirrorless camera and built-in lens cameras, such as bridge cameras and compact digital cameras.
Key players in the market are Canon Inc., Sony Group Corporation, Nikon Corporation, Panasonic Corporation, Victor Hasselblad AB, FUJIFILM Holdings Corporation, Samsung Electronics Co. Ltd., OM Digital Solutions Corporation, Eastman Kodak Company, Sigma Corporation, and Leica Camera AG, among others.
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