Report Scope

This report analyzes the global digital camera market in terms of product types, and geography. On the basis of product types, the market is segmented into two major categories, namely – built-in lens digital cameras and interchangeable lens digital cameras. The interchangeable lens digital cameras are further classified into single lens reflex and non reflex digital cameras. The geographical distribution of the global digital camera market considered in this study encompasses regional markets such as North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Overview:

The manufacturers of digital cameras have a big challenge as sales of smartphones and tablets continue to upsurge and shape the overall digital camera market. The proliferation of smartphones has almost exterminated the digital cameras market, especially fixed lens digital cameras. The lack of innovation has meant that consumers are no longer encouraged to purchase newer models. Thus, manufacturers are on the lookout for the next big innovation in digital cameras. Even though the market for digital cameras is on a decline, the regulated demand for interchangeable lens digital cameras is expected to keep the digital camera market afloat, at least during the first half of the forecast period 2021 – 2029. The worldwide shipments for digital camera market stood at 35.4 Mn units in 2020, a decline of 18.4% over previous year.

1.1    Report Description

Purpose of the Report

The purpose of this strategic research study titled “Digital Camera Market - Growth, Share, Opportunities, and Competitive Analysis, 2021 – 2029” is to offer industry investors, company executives, and industry participants with in-depth insights to enable them make informed strategic decisions related to the opportunities in the global digital photography industry.

1.1.1   Target Audience

• Industry Investors
• Digital Camera Manufacturers
• Other Photography Device Manufacturers
• Component Manufacturers
• Distributors and Retailers
• End-users

1.1.2   USP and Key Offerings

The report titled “Global Digital Camera Market - Growth, Share, Opportunities, and Competitive Analysis, 2021 – 2029” offers strategic insights into the global digital camera market along with the market size and estimates for the duration 2019 to 2029. The said research study covers in-depth analysis of multiple market segments based on product types and cross-sectional study across different geographies. In order to help strategic decision makers, the report also includes competitive profiling of the digital camera manufacturers, their SCOT (Strength, Challenges, Opportunities, and Weaknesses) analysis, market positioning, and recent developments. Other in-depth analysis provided in the report includes:

• An overview of the global digital camera market
• Current and future market trends to justify the forthcoming attractive sub-markets within the digital photography industry
• Qualitative assessment tools such as market drivers, challenges and future prospects, value chain, and attractive investment proposition.
• Focus on each level of market segmentation based on product approvals, launch, and current and anticipated market dynamics.
• A general overview of the industry structure
• Company profiles highlighting key information about the major players operating in the global digital camera market
• Market competition scrutiny tools such as market share analysis, fractal map, etc.
• SRC (Segment-Region-Country) Analysis

Overall, the research study provides a holistic view of the global digital camera market, offering market size and estimates for the period from 2019 to 2029, keeping in mind the above mentioned factors.

As of 2020, digital cameras with a built-in lens led digital camera shipments worldwide. These cameras accounted for around 63% of the total digital camera shipments worldwide. The shipments have gradually shrunk with the segment accounting for 73% and 68% of the total shipments in 2018 and 2019 respectively. The proliferation of smartphones and tablets has coincided with the decline of built-in lens cameras. To keep the demand for built-in lens cameras afloat, manufacturers across the globe have launched efforts to develop innovative solutions with advanced technology. On the other hand, digital cameras with interchangeable lens are witnessing regulated growth in shipments. Since these cameras offer picture quality that is different from that offered by tablets and smartphones, the proliferation of smartphones has had little effect on their demand. In addition to being high-added value devices, digital cameras with interchangeable lens exhibit additional capabilities when used with other compatible products like lenses. Thus, demand for digital cameras with interchangeable lens is expected to remain steady during the forecast period 2021 - 2029.

In 2020, Asia Pacific was the largest digital camera market in terms of unit shipments. The region alone accounted for around half of the worldwide shipments in the same year. Japan represents one of the major digital camera markets in the region. Japan individually accounted for around 15% of the total digital camera shipments worldwide in 2020. Japan is home to leading digital camera manufacturers such as Nikon Corporation, Canon, Inc., Sony Corporation, Panasonic Corporation, and Olympus Corporation among others. The region is expected to exhibit comparatively better growth than other regions on account of evolving digital habits of consumers in the region.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Digital Camera market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Digital Camera market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Digital Camera market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Digital Camera market?
• Which is the largest regional market for Digital Camera market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Digital Camera market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Digital Camera market worldwide?