Overview and Scope
Digital cameras and camcorders are electronic devices designed for capturing photographs and videos, offering various features such as high-resolution imaging, advanced autofocus, and connectivity options for sharing and editing content. They are used for a wide range of purposes, both personal and professional, due to their versatility and ability to capture high-quality images and videos.
Sizing and Forecast
The digital cameras and camcorders market size has grown strongly in recent years. It will grow from $9.03 billion in 2023 to $9.68 billion in 2024 at a compound annual growth rate (CAGR) of 7.2%. The growth in the historic period can be attributed to the expansion of online streaming and virtual events, increased disposable income, preferences for digital cameras and camcorders product, higher resolution sensors, and greater picture stabilization.
The digital cameras and camcorders market size is expected to see strong growth in the next few years. It will grow to $13.00 billion in 2028 at a compound annual growth rate (CAGR) of 7.6%. The growth in the forecast period can be attributed to rise of mirrorless cameras, demand for 4k and beyond, content creation and social media, e-commerce growth, and growing consumer demand for high-quality visual content. Major trends in the forecast period include advancements in digital cameras and camcorders technology, AI-driven features, specialized content creation tools, virtual and augmented reality, and integration with smart devices.
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Segmentation & Regional Insights
The digital cameras and camcorders market covered in this report is segmented –
1) By Type: Cameras, Camcorders
2) By Distribution Channel: Online, E-commerce, Websites, Company-owned websites, Offline, Retailers, Large format stores, Specialty stores
3) By Application: Amateur, Professional
North America was the largest region in the digital cameras and camcorders market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the digital cameras and camcorders market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The spread of social media platforms is expected to propel the growth of the digital cameras and camcorders market. Social media platforms are online websites and applications that allow users to create, share, and interact with content and connect with other users across the internet. Social media platforms have become increasingly popular due to their capacity to promote community development, communication, connectivity, and content consumption in an era that is becoming more digitally connected. Digital cameras and camcorders enable individuals, brands, influencers, and content creators to capture high-quality photos and videos for sharing with their followers and audiences on social media platforms for branding, marketing, engagement, and revenue creation. For instance, in March 2024, according to the report published by Made in CA, a Canada-based online magazine, 33.1 million Canadians, or 91.3% of the country’s total population, were active social media users as of the start of 2023, with the majority having at least one account. Additionally, the penetration rate of social media in Canada is 91.3%. Therefore, the spread of social media platforms is driving the growth of the digital cameras and camcorders market.
Key Industry Players
Major companies operating in the digital cameras and camcorders market are Samsung Electronics Co. Ltd., Sony Corporation, Panasonic Corporation, Xiaomi Corporation, Canon Inc., Fujifilm Holdings Corporation, Olympus Corporation, Nikon Corporation, Casio Computer Co. Ltd., Zeiss Group, DJI Technology Co. Ltd., GoPro Inc., Polaroid Corporation, Leica Camera AG, Arri Group, Blackmagic Design Pty. Ltd., Ricoh Imaging Company Ltd., Sigma Corporation, Phase One A/S, Victor Hasselblad AB, Yi Technology, Lytro Inc., Insta360, JVC Kenwood Corporation, Pentax Corporation
The digital cameras and camcorders market report table of contents includes:
1. Executive Summary
2. Digital Cameras And Camcorders Market Characteristics
3. Digital Cameras And Camcorders Market Trends And Strategies
4. Digital Cameras And Camcorders Market – Macro Economic Scenario
5. Global Digital Cameras And Camcorders Market Size and Growth
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31. Digital Cameras And Camcorders Market Other Major And Innovative Companies
32. Global Digital Cameras And Camcorders Market Competitive Benchmarking
33. Global Digital Cameras And Camcorders Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Digital Cameras And Camcorders Market
35. Digital Cameras And Camcorders Market Future Outlook and Potential Analysis
36.Appendix
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