Digital Still Camera Market by 2023 Trends and Opportunities With Key Players - Canon, Inc., Eastman Kodak Company, FUJIFILM, Olympus, Samsung Electronics, Sony Electronics and Casio

The increasing pixel size of smartphone cameras, along with higher penetration of smartphones among the middle and lower middle class consumers has led to free fall of fixed lens low end digital still camera market. However, the demand for high end interchangeable lens digital still camera is not much affected by the escalating growth of smartphones.

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With the improvement in internet infrastructure and wireless communication market, the consumers are now more connected, as they found smartphones much better for uploading and sharing videos and photos in real time. Moreover, the consumers in developing countries who could not previously afford a camera are not expected to own cameras in the coming five to six years, owing to the availability of cost-effective alternative, such as smart phones and feature phones.

The higher resolution of smartphone cameras and their user friendly operation has led to widespread adoption of smart phones in the consumer electronics market. The sales of compact and point-and-shoot cameras had been falling, opposite to the astronomical rise of smartphone cameras.

North America accounted for the largest market of digital camera. Asia-Pacific witnessed the slowest market declination over the years, and expected to surpass the North American digital camera market during the forecast period to become the largest regional market. The European digital still camera market has fallen at the fastest rate. Despite of the falling market, China, Japan, India, the U.K., the U.S., Canada and Brazil remains the important market for the digital still camera.

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Some of the competitors in the digital camera market are, Canon Corporation, Eastman Kodak, FujiFilm, Olympus Corporation, Samsung, Sony Corporation and Casio Corporation.

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