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The global digital camera market stood at a value of around USD 7.19 billion in 2021. The market is further expected to grow at a CAGR of 4.7% in the forecast period of 2023-2028 to attain USD 9.78 billion by 2027.
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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.
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.
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:
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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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.
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:
The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model and SWOT analysis.
|Scope of the Report||Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Type, Region|
|Breakup by Type||Interchangeable Lens Cameras, Built-in Lens Cameras|
|Breakup by Region||North America, Europe, Asia Pacific, Latin America, Middle East and Africa|
|Market Dynamics||SWOT, Porter's Five Forces, Key Indicators for Price and Demand|
|Trade Data Analysis||Major Importing Countries by Value and Volume, Major Exporting Countries by Value and Volume|
|Competitive Landscape||Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications|
|Companies Covered||Canon Inc., Nikon Corporation, Sony Corporation, Panasonic Corporation, Olympus Corporation, Others|
|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.|
*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.
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
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
7 Industry Opportunities and Challenges
8 Global Digital Camera Market Analysis
8.1 Key Industry Highlights
8.2 Global Digital Camera Historical Market (2018-2022)
8.3 Global Digital Camera Market Forecast (2023-2028)
8.4 Global Digital Camera Market by Type
8.4.1 Interchangeable Lens Cameras
184.108.40.206 Market Share
220.127.116.11 Historical Trend (2018-2022)
18.104.22.168 Forecast Trend (2023-2028)
22.214.171.124 Market by Type
126.96.36.199.1 Digital Single Lens Reflex (SLR) Cameras
188.8.131.52.2 Digital Rangefinders
184.108.40.206.3 Line-Scan Camera Systems
220.127.116.11.4 Mirrorless Camera
8.4.2 Built-in Lens Cameras
18.104.22.168 Market Share
22.214.171.124 Historical Trend (2018-2022)
126.96.36.199 Forecast Trend (2023-2028)
188.8.131.52 Market by Type
184.108.40.206.1 Bridge Cameras
220.127.116.11.2 Compact Digital Cameras
8.5 Global Digital Camera Market by Region
8.5.1 Market Share
18.104.22.168 North America
22.214.171.124 Asia Pacific
126.96.36.199 Latin America
188.8.131.52 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.1.3 Breakup by Country
184.108.40.206 United States of America
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
9.2.3 Breakup by Country
220.127.116.11 United Kingdom
9.3 Asia Pacific
9.3.1 Historical Trend (2018-2022)
9.3.2 Forecast Trend (2023-2028)
9.3.3 Breakup by Country
9.4 Latin America
9.4.1 Historical Trend (2018-2022)
9.4.2 Forecast Trend (2023-2028)
9.4.3 Breakup by Country
9.5 Middle East and Africa
9.5.1 Historical Trend (2018-2022)
9.5.2 Forecast Trend (2023-2028)
9.5.3 Breakup by Country
18.104.22.168 Saudi Arabia
22.214.171.124 United Arab Emirates
126.96.36.199 South Africa
10 Market Dynamics
10.1 SWOT Analysis
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyers Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Trade Data Analysis
12.1 Major Importing Countries
12.1.1 By Volume
12.1.2 By Value
12.2 Major Exporting Countries
12.2.1 By Volume
12.2.2 By Value
13 Manufacturing Process
13.1 Detailed Process Flow
13.2 Operations Involved
13.3 Mass Balance
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players' Market Share
14.3 Company Profiles
14.3.1 Canon Inc.
188.8.131.52 Company Overview
184.108.40.206 Product Portfolio
220.127.116.11 Demographic Reach and Achievements
18.104.22.168 Financial Summary
14.3.2 Nikon Corporation
22.214.171.124 Company Overview
126.96.36.199 Product Portfolio
188.8.131.52 Demographic Reach and Achievements
184.108.40.206 Financial Summary
14.3.3 Sony Corporation
220.127.116.11 Company Overview
18.104.22.168 Product Portfolio
22.214.171.124 Demographic Reach and Achievements
126.96.36.199 Financial Summary
14.3.4 Panasonic Corporation
188.8.131.52 Company Overview
184.108.40.206 Product Portfolio
220.127.116.11 Demographic Reach and Achievements
18.104.22.168 Financial Summary
14.3.5 Olympus Corporation
22.214.171.124 Company Overview
126.96.36.199 Product Portfolio
188.8.131.52 Demographic Reach and Achievements
184.108.40.206 Financial Summary
15 Industry Events and Developments
List of Key Figures and Tables
1. Global Digital Camera Market: Key Industry Highlights, 2017 and 2027
2. Global Digital Camera Historical Market: Breakup by Type (USD Billion), 2018-2022
3. Global Digital Camera Market Forecast: Breakup by Type (USD Billion), 2023-2028
4. Global Digital Camera Historical Market: Breakup by Region (USD Billion), 2018-2022
5. Global Digital Camera Market Forecast: Breakup by Region (USD Billion), 2023-2028
6. North America Digital Camera Historical Market: Breakup by Country (USD Billion), 2018-2022
7. North America Digital Camera Market Forecast: Breakup by Country (USD Billion), 2023-2028
8. Europe Digital Camera Historical Market: Breakup by Country (USD Billion), 2018-2022
9. Europe Digital Camera Market Forecast: Breakup by Country (USD Billion), 2023-2028
10. Asia Pacific Digital Camera Historical Market: Breakup by Country (USD Billion), 2018-2022
11. Asia Pacific Digital Camera Market Forecast: Breakup by Country (USD Billion), 2023-2028
12. Latin America Digital Camera Historical Market: Breakup by Country (USD Billion), 2018-2022
13. Latin America Digital Camera Market Forecast: Breakup by Country (USD Billion), 2023-2028
14. Middle East and Africa Digital Camera Historical Market: Breakup by Country (USD Billion), 2018-2022
15. Middle East and Africa Digital Camera Market Forecast: Breakup by Country (USD Billion), 2023-2028
16. Major Importing Countries by Volume
17. Major Exporting Countries by Volume
18. Major Importing Countries by Value
19. Major Exporting Countries by Value
20. Global Digital Camera Market Structure
In 2021, the global digital camera market attained a value of nearly USD 7.20 billion.
The market is expected to grow at a CAGR of 4.6% in the forecast period of 2023-2028.
The major drivers of the industry, 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 industry 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 industry are Canon Inc., Nikon Corporation, Sony Corporation, Panasonic Corporation, and Olympus Corporation, among others.
The global digital camera market attained a value of USD 7.20 billion in 2021 driven by increasing disposable incomes and rising internet penetration. The market is further expected to grow at a CAGR of 4.6% in the forecast period of 2023-2028.
EMR's meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its product types, the digital camera market industry can be segmented into interchangeable lens cameras and built-in lens cameras. The major regional markets for digital camera are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa, with the Asia Pacific accounting for the largest share of the market. The key players in the above market include Canon Inc., Nikon Corporation, Sony Corporation, Panasonic Corporation, Olympus Corporation, and others.
EMR's research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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