digital camera market size, digital camera market industry, global digital camera market, digital camera market forecast, digital camera market analysis, digital camera market trends
What is the current size and annual growth rate of the digital camera market?
The digital camera market size has grown strongly in recent years. It will grow from $6.81 billion in 2024 to $7.25 billion in 2025 at a compound annual growth rate (CAGR) of 6.5%. The growth in the historic period can be attributed to increased innovations to make the devices more user-friendly, consumer electronics market growth, rise of social media and digital sharing, integration with other devices, and improved image quality and features.
The digital camera market size is expected to see strong growth in the next few years. It will grow to $9.19 billion in 2029 at a compound annual growth rate (CAGR) of 6.1%. The growth in the forecast period can be attributed to the rise of mirrorless cameras, enhanced connectivity features, focus on sustainability and eco-friendliness, demand for specialized cameras, and emerging market growth. Major trends in the forecast period include advancements in sensor technology, integration of artificial intelligence, focus on specialized cameras, sustainability and eco-friendly design, and customization and personalization.
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What have been the primary factors driving the digital camera market’s growth?
The increasing penetration of smartphones is expected to propel the growth of the digital camera market going forward. Smartphones refer to mobile devices that combine the functionality of a cellular phone with features typically found in a personal computer. Smartphone penetration is rising due to technological advances, affordability, better connectivity, diverse functions, ecosystem integration, and digital lifestyle trends. Smartphones enhance digital cameras by offering editing tools, instant sharing, connectivity, and serving as complementary devices for storage, remote control, and content management. For instance, in April 2022, according to the Department of Telecommunications under the Ministry of Information and Communications, a Vietnam-based regulatory agency, smartphone subscribers in Vietnam increased from 91.3 million in 2021 to 93.5 million subscribers in 2022, equivalent to 73.5% of the nation’s adult population. The increasing penetration of smartphones is driving the growth of the digital camera market.
What are the key segments within the digital camera market?
The digital camera market covered in this report is segmented –
1) By Type: Compact Digital Cameras, Mirrorless Interchangeable Lens Cameras, Digital Single-Lens Reflex Cameras
2) By Lens Type: Built-In, Interchangeable
3) By Digital Sensor Type: Charge-Coupled Device (CCD) Sensor, Complementary Metal-Oxide-Semiconductor (CMOS) Sensor, Live Metal-Oxide-Semiconductor (MOS) Sensor
4) By Resolution: Low-Resolution Cameras, High-Resolution Cameras
5) By End User: Personal, Profession
Subsegments:
1) By Compact Digital Cameras: Point-And-shoot Cameras, Slim And Ultra-compact Cameras, Waterproof And Shockproof Compact Cameras, High Zoom Compact Cameras, Travel And Vlogging Compact Cameras, Advanced Compact Cameras With Manual Controls
2) By Mirrorless Interchangeable Lens Cameras: Entry-level Mirrorless Cameras, Mid-range Mirrorless Cameras, High-End Mirrorless Cameras, Full-Frame Mirrorless Cameras, Aps-c Sensor Mirrorless Cameras, Travel And Vlogging Mirrorless Cameras
3) By Digital Single-lens Reflex (Dslr) Cameras: Entry-level Dslr Cameras, Mid-Range Dslr Cameras, Professional Dslr Cameras, Full-frame Dslr Cameras, Aps-c Sensor Dslr Cameras, Sport And Action Dslr Cameras
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Which key players are shaping the digital camera market?
Major companies operating in the digital camera market are Samsung Electronics Co. Ltd., Sony Corporation, LG Electronics Inc., Hewlett-Packard Inc., Panasonic Corporation, Canon Inc., Fujifilm Holdings Corporation, Ricoh Company Ltd., Olympus Corporation, Nikon Corporation, Carl Zeiss AG, Casio Computer Co. Ltd., DJI Technology Co. Ltd., Eastman Kodak Company, GoPro Inc., Polaroid Corporation, Tamron Co. Ltd., Leica Camera AG, Blackmagic Design Pty. Ltd., Sigma Corporation, Phase One A/S, YI Technology Co. Ltd., Hasselblad Group, Vivo Technology Company Limited, Arashi Vision Inc (Insta360)
How will emerging trends drive the digital camera market throughout the forecast period?
Major companies operating in the digital camera market are focusing on developing innovative digital cameras, such as next-generation compact digital cameras, to cater to the evolving needs of photographers. The next-generation compact cameras, exemplified by the Fujifilm X100VI and the Sony α6700, offer cutting-edge features tailored for advanced photography and videography needs. For instance, in February 2024, Fujifilm Holdings Corp., a Japan-based camera manufacturing company, launched the X100VI Digital Camera, a next-generation advanced compact camera. The X100VI Digital Camera incorporates a 5-axis, in-body image stabilization function with up to 6.0 stops, an X-TransTM CMOS 5 HR sensor with approximately 40.2 megapixels, and a fixed 23mm F2.0 lens. The X100VI features an Advanced Hybrid Viewfinder, 6.2K/30P movie recording, and Camera to Cloud integration for Adobe’s Frame.io, enabling wireless photo and video uploads. Its design includes aluminum surfaces, an ultra-thin tilt LCD monitor, and an integrated body design for versatile shooting styles.
How do regional factors impact the digital camera market, and which region is the largest contributor?
Asia-Pacific was the largest region in the digital camera market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the digital camera market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Digital Camera Market Report 2025 Offer?
The digital camera market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
A digital camera is an electronic device that records and stores photographic images in digital form rather than on traditional photographic film. It offers various features and functionalities, including different shooting modes and adjustable settings for exposure and focus, and often includes built-in image processing capabilities. Digital cameras enable users to preview and review their images instantly on a display screen, facilitating easy sharing and editing of captured media through digital platforms.
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