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North America 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 for Price; Competitive Landscape; Key Trends and Developments in the Market; 2024-2032
North America Digital Camera Market Outlook
The North America digital camera market size reached USD 2.71 billion in 2023. The market is expected to grow at a CAGR of 4.3% between 2024 and 2032, reaching almost USD 3.96 billion by 2032.
Key Takeaways:
- According to the GSMA Mobile Economy North America 2023 report, in North America, mobile internet connectivity has reached a significant milestone, with over 328 million individuals accessing the mobile internet in 2022, narrowing the usage gap to just 14%. However, the mobile internet landscape across the region exhibits notable variations, with penetration rates exceeding 80% in the United States and Canada, contrasting with 39% penetration in the Caribbean, where approximately 8.4 million people subscribed to mobile internet services.
- The adoption of 5G technology is gaining momentum in North America, with an increasing percentage of total connections attributed to 5G networks due to ongoing deployments. Projections indicate that by 2030, 5G connections will more than double to reach 447 million, representing an adoption rate of 91%. This surge in 5G adoption is accompanied by the gradual phasing out of legacy networks such as 2G and 3G, highlighting the dominance of 5G technology in reshaping the mobile internet landscape across the region.
The North America digital camera market is experiencing growth driven by several factors. Consumer demand is increasing due to the ability of digital cameras to deliver high-quality photographs and their popularity in wildlife, fashion, and wedding photography. Advanced features like DSLR with HD video capabilities have attracted consumers seeking superior image quality. The availability of digital cameras with interchangeable lenses has also contributed to market growth.
Rising per capita incomes have made digital cameras more affordable, further boosting market demand. Consumers are becoming more aware of technological innovations such as anti-shake technology, face recognition, and preset modes, which are enhancing the appeal of digital cameras.
In North America, the consumer electronics industry is mature, with significant penetration of devices like personal computers, TVs, smartphones, and digital cameras in households. The industry's growth is fuelled by rising disposable incomes and a shift in consumer preferences towards smart homes and environments.
Digital camera manufacturers are benefiting from the growing trend of video production for advertising and marketing purposes. They are developing cameras with innovative features like high resolution (12-20 megapixels), faster focusing, and connectivity options like Wi-Fi and 4G. These advancements position digital cameras to integrate with other interconnected devices, such as smartphones and IoT devices, driving the North America digital camera market development.
Market Segmentation
North America 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
- United States of America
- Canada
Competitive Landscape
The key players in the market are concentrating on product introductions to target specialized consumer bases, despite the intense competition from the smartphone industry.
- 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 |
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| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
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*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 North America Digital Camera Market Overview
9.1 Key Industry Highlights
9.2 North America Digital Camera Historical Market (2018-2023)
9.3 North America Digital Camera Market Forecast (2024-2032)
10 North America 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 North America Digital Camera Market by Country
11.1 United States of America
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Canada
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
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. North America Digital Camera Market: Key Industry Highlights, 2018 and 2032
3. North America Digital Camera Historical Market: Breakup by Type (USD Billion), 2018-2023
4. North America Digital Camera Market Forecast: Breakup by Type (USD Billion), 2024-2032
5. North America Digital Camera Historical Market: Breakup by Country (USD Billion), 2018-2023
6. North America Digital Camera Market Forecast: Breakup by Country (USD Billion), 2024-2032
7. North America Digital Camera Market Structure
Key Questions Answered in the Report
The market is estimated to be valued at USD 2.71 billion in 2023.
The market is projected to grow at a CAGR of .3% between 2024 and 2032.
The digital camera market is expected to witness significant growth to reach a value of USD 3.96 billion in 2032.
The market is categorised according to its type, which includes interchangeable lens cameras and built-in lens cameras.
The key market players are 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, and others.
The market is driven by factors that include the increasing adoption of digital photography, ongoing development in numerous technologies, inflating disposable incomes and increasing affordability of cameras.
The market is categorised according to its country, which includes United States of America and Canada.
Light entering a digital camera through the lens hits an image sensor. The camera processes the signal that the image sensor outputs to produce image data, which is then saved on the memory card. The picture display allows for simultaneous viewing of the image.
The International Organization for Standardization (ISO) established the ISO Sensitivity standard, which uses a numerical value to indicate sensitivity to light. A higher number denotes more light-capturing capacity and sensitivity.
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