Press release
4K Camera Market 2018 Global Players Analysis: Canon, Infineon Technologies AG, Blackmagic Design, Schneider Electric, Occipital, Sharp, Panasonic, Skyworth Digital Holdings
Market Scenario:
4K Camera market is expected to grow over the forecast period, 2017-2023. The 4K camera offers better quality images and videos. The device offers a high resolution of 4096 x 2160 pixels which is more than four times of the usual high definition cameras. Also, the various new innovations in the 4K technology is expected to boost the 4K camera market.
The factors contributing to the growth of the 4K camera market are better picture quality, high resolution, increasing demand for consumer electronics and technological advancements with the increasing demand for high resolution pictures. The 4K camera devices are used widely in the sports sector such as football, cricket among others. For instance, ICC Cricket World Cup 2015 was shot with high resolution models. The ultra-high resolution model includes spider cameras, ultra motion among others.
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Various companies are investing in the development of 2/3 inch ultra-high definition models and also 2/3 inch sensor models so that it can be used widely in the sports sector. Although, 4K technology has the potential to grow at a fast pace but the technology is still in its early adoption stage. Also, the costs associated with 4K is minimal therefore there will be a surge in demand for better image quality.
Geographically, Asia-Pacific accounted for the largest market share in the global 4K camera market, whereas North-America is expected to grow at a fast pace over the forecast period, 2017-2023.
The global 4K Camera Market is expected to reach approximately USD 31 billion by the end of 2023 with 20% CAGR during forecast period 2017-2023.
Industry Updates:
Feb 2018 Canon camera has launched the first camera, the M50 which is among the first to use the DIGIC 8 tech which allows the camera to capture 4K video at 24 frames per second along with 1080p video, 720p video at 120fps and at 60fps. The DIGIC 8 feature also offers the M50 model fast still shooting speeds at the rate of 10 frames per second in JPEG or RAW with one-shot focus along with 7.4 frames per second with continuous focus.
Feb 2018 Sony has declared its "basic" model update with the A7 III mirrorless camera subsequent to the recently refreshed A7R III recently. The model comes ably equipped with a 24.2 MP sensor, an internal 4K HDR video capability which has been downscaled from 6K and Sony also states that the model comes with the longest rated battery life in any mirrorless camera which is attributed to its Z series battery. The model is expected to cost £2,000 for the body alone when it goes on sale in the European continent in March, followed by its launch in US in April.
Key Players
The key players in the global 4K camera market include- Canon Pvt Ltd (Japan), Infineon Technologies AG (Germany), Blackmagic Design Pty. Ltd (Australia), Schneider Electric (France), Sony Corporation (Japan), Occipital, Inc (U.S.), Axis Communications AB (Sweden), Sharp Corporation(Japan), Panasonic Corporation (Japan) and Skyworth Digital Holdings Ltd (China) among others.
Regional Analysis
While considering the region wise analysis of the 4 K camera market, the Asia-Pacific market controls the biggest market share due to growing competition among companies, amplified adoption of fresh technological results, growing demand for consumer electronics and rising levels of disposable income. Nonetheless, the North-American area is projected to significantly develop over the forecast period. The reason which can be credited to the technological developments. The region is also the major importer for 4K cameras and the market is further propelled by rising demand for better picture quality.
Segments-
For the purpose of this study, Market Research Future has segmented the market of 4K camera into type, application and region.
Type-
• Mirror less
• Hybrid
• Compact
• DSLR
• Others
Application-
• Retail
• Consumer Electronics
• Education
• Defense & Aerospace
• Entertainment
• Advertisement
• Others
• Region
North-America
• Europe
• Asia-Pacific
• RoW
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Intended Audience
• Manufacturers
• Distributors
• Research firms
• Consultancy firms
• Software Developers
• Vendors
• Semiconductor Manufacturers
• End-user sectors
• Technology Investors
About Us:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
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