The global digital camera market size is expected to inflate on account of the factor that mirror-less digital cameras are extensively popular among film producers as they are able to professionally capture high-resolution videos as well as images for their film shoots.
This information is provided by Fortune Business Insights™, in its report, titled, “Digital Camera Market, 2021-2028.”
Companies are profoundly concentrating on emerging inventive and modified digital cameras to entice operators towards purchasing such products. For example, in May 2019, Fujifilm Holdings Corporation, which is a Japanese multi-media company, unveiled a color reproductive technology-based mirror less digital camera, named, ‘FUJIFILM GFX100’, which is fortified with an image sensor of 102 million pixels resolution in order to empower operators to apprehend high-definition images and videos.
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COVID-19 Impact: Terminated Public Events Set to Hinder Digital Camera Sales
Since the COVID-19 virus outburst, the infection has accomplished to reach almost every region across the world, therefore the World Health Organization (WHO) declared it as a public health emergency. The global aspects of the coronavirus disease were observed by nearly each sector in the first half of the year 2020.
The COVID-19 has influenced numerous activities, such as restraints on all interior, as well as outdoor proceedings, flight adjournment, prohibition on non-essential public movement, restaurant shutting down, enormous disruption of the supply chain cycle, worsening business graph, rising terror among people, as well as anxiety regarding the future. Practically over 40 nations across the globe declared a state of emergency and enforced lockdowns to limit the further spread of the virus.
To get to know more about the short-term and long-term impact of COVID-19 on this market, please visit:
Report Coverage
We provide our reports which are conducted with an all-inclusive examination approach that majorly emphasizes on delivering precise material. Our scholars have applied a data triangulation method which further assists us to offer trustworthy estimations and test the general market dynamics accurately. Further, our analysts have received admission to numerous international as well as regional funded registers for providing the up-to-date material so that the stakeholders and business professionals invest only in essential zones.
Segmentation
On the basis of product type, the market is segregated into the single reflex and non-reflex.
By lens type, the market is divided into the fixed lens and interchangeable lens.
Based on sensing technology, the global market is classified into CCD and CMOS.
On the basis application, the global market is categorized into personal and professional.
In terms of region, the global digital camera market is branched into North America, Europe, Asia Pacific, South America, and the Middle East & Africa.
Drivers and Restraints
Increasing Advancement in Cameras to Support Market Growth
Periodical technology advancement in the design of the digital cameras is anticipated to fuel the digital camera market growth. Furthermore, the growing implementation of the several types of Internet of Things (IoT) associated devices is anticipated to propel the IoT-permitted DSLR cameras across the world.
Digital sensing cameras are broadly utilized in the design of healthcare-linked machinery and equipment. Consequently, the flourishing digital healthcare industry is projected to bolster the demand for such sorts of products.
Furthermore, the expansion of the film production amenities is anticipated to elevate the demand for digital cameras among film producers. For example, in November 2020, Netflix Inc., which is an American Over-The-Top (OTT) content platform as well as is a production company, invested around USD 1 billion in order to extend its ABQ film production studio based in Mexico.
Regional Insights
Europe is estimated to hold the majority of digital camera market shares during the forecast period. Digital image cameras are widely used in developing different kinds of medical devices such as microscopes, ophthalmological equipment, and others. Therefore, the fastest growth of the European region is attributed to the rising production value of the different kinds of medical devices in the countries, thereby sustaining the consumption pace of digital cameras in this region.
The biggest share of the Asia Pacific region is accredited to the huge cargo volume of digital cameras in leading nations such as India and China, which thus back the revenue formation from such products in this region.
Competitive Landscape
Acquisitions Instigated by Chief Players to Fuel Market Growth
The important leaders in the market are incessantly rooting for effective tactics to apply to extend their business. One such tactic is to sign collaborative deals, mergers or even procure other corporations in order to augment the financial benefit.
Industry Development
September 2020: IMAX Corporation, which is an American-Canadian theatre company collaborated with major digital camera brands such as Panavision, ARRI, RED Digital Camera, as well as Sony in order to advance digital cameras intended for filmmaking.
List of Key Players Covered in the Digital Camera Market Report
- Sony Corporation
- Fujifilm Holdings Corporation
- Canon Inc.
- TAMRON Co. Ltd.
- Olympus Corporation
- Panasonic Corporation
- Apple Inc.
- Acer Inc.
- OMG Life Ltd.
- Nikon Corporation
- Ricoh Imaging Company, Ltd.
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