Digital Camera Market Size, Share, Price, Trends, Growth, Analysis, Key Players, Outlook, Report, Forecast 2022-2027

“Digital Camera Market Report and Forecast 2022-2027”

Global Digital Camera Market Size to Reach USD 9.78 Billion by 2027

The Global Digital camera market shareSize, Price, Trends, Growth, Analysis, Report and Forecast 2022-2027′ by Expert Market Research provides an in-depth view of the global Digital Camera market, assessing the market on the basis of its segments such as type and major regions .

The report studies the latest market updates along with their impact on the market. It also analyzes market demand, along with its price and demand indicators. The report also tracks the market based on SWOT and Porter’s Five Forces models.

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Digital Camera Market Share, Size, Industry Report, Key Player, Major Segments and Forecast

Key highlights of the report include:

Market Overview (2017-2027)

• Historical market size (2021): 7.19 billion USD• Forecast CAGR (2022-2027): 4.7%

• Forecasted market size (2027): 9.78 billion USD

The demand for digital cameras is increasing with the growing photography trend as these devices help to capture and store videos and photos digitally instead of printing them on film like traditional analog cameras. These devices also offer basic image editing functions, involving image enhancement and cropping, which is driving the demand for the digital camera market across the world. Other key features are BSS best shot selector, burst shots, autofocus, optical zoom, ISO and AWB updates.

Apart from taking photos, various digital cameras are effective in recording videos. It uses a lens with a variable diaphragm to modify electronic lighting and a viewfinder monitor to display video or a captured image.

The main advantage of digital photography is its immediate visibility of images and videos coupled with image editing software which is used to recolor, crop, adjust contrast/blemishes and combine single or multiple images. This is further expected to boost the global market demand for digital cameras.

Growing social media platforms such as Instagram are propelling the growth of digital camera market. They offer consumers around the world the opportunity to engage in photography. Most of the users capture images using professional DSLRs and then post them on the social media platform, rather than just capturing photos through phones.

Digital Camera Industry Definition and Major Segments

A digital camera is also called digital camera. It uses an electronic image sensor to record videos and capture still images. Its optical system works like a film camera, in which a diaphragm and a lens are used to modify the illumination of the electronic image sensor. Digital cameras are used by expert, professional and non-professional photographers with several automated control features. New generation digital cameras allow easy handling of most functions.

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On the basis of Type, the digital camera market is segmented into:

• Cameras with interchangeable lenseso Single-lens reflex (SLR) digital cameraso Digital range finders

o Line-scan camera systemso Mirrorless camera

• Built-in lens camerao Bridge cameras

o Compact digital cameras

Based on region, the market is split into:

• North America• Latin America• Asia Pacific• Europe

• Middle East and Africa

Digital Camera Market Trends

Rising demand for lightweight cameras coupled with premium digital cameras and increasing applications of digital cameras in sports, entertainment and media are driving the growth of the digital camera market. The growing demand for single lens DSLR cameras is likely to fuel the growth of the digital camera market due to a rise in digitalization. Their ease of use along with high demand related to similar markets is expected to propel the growth of the digital camera market over the forecast period.

Going further, single-lens DSLR cameras have developed as a nascent segment providing high-quality images. Moreover, the evolution of technology like the assimilation of AI as well as the expansion of lightweight mirrorless cameras are expected to fuel the growth of the digital camera market over the coming years. Rising investment by major market players and increasing involvement in travel and tourism activities coupled with growing demand for modern cameras among several users is expected to increase the growth of the digital camera market across the world.

The demand for lightweight, compact and high-quality cameras is skyrocketing with growing consumer interest and enthusiasm for visual capture. Additionally, the emergence of digital cameras along with smartphones has built a mainstream photography profession. Growing demand for premium quality cameras with user-friendly interfaces along with affordable prices is further positively influencing the demand for the digital camera market. Commercial photography’s reliance on digital cameras is driving market demand, for example action photography is driving demand for compact digital cameras.

Geographically, the Asia-Pacific region is expected to witness significant growth in the digital camera market due to growing consumer affluence and growing population in the region.

Main market players

Key Players Covered in Global Digital Camera Market Report:

  • Canon Inc.,
  • Sony Company,
  • Nikon Corporation,
  • Panasonic Company,
  • Olympus Society,
  • others.

The report covers market shares, capacities, plant rotations, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.

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