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Global Digital Camera Market Size, Industry Share, Growth & Forecast To 2020-2026

08-04-2020 07:16 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Orion Market Research

The global digital camera market is anticipated to grow at a CAGR of around 2% during the forecast period. The growth of the digital camera market is owing to the fastest-growing consumer market for digital camera across the globe. However, the raising consumer preference of camera phones is anticipated to present various challenges for the growth of digital camera industry. The size and cost of camera phones coupled with increasing consumer demand for real camera performance are expected to restraint the digital camera market during the forecast period.

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In addition to this, camera phones are handy as the pictures can be used immediately. This is anticipated to increase the adoption of camera phones in comparison to digital cameras. Moreover, in recent years, the camera phone technologies have improved significantly to match the quality of digital cameras, hence the use of camera phones has increased to fulfil the photography needs. Also, the addition of new features to the cameras by smartphone manufacturers with each new launch of phones is also driving the adoption of smartphones. Hence, the aforementioned reasons are expected to hamper the growth of digital camera market.

A Full Report of Global Digital Camera Market is Available at: https://www.omrglobal.com/industry-reports/digital-camera-market

Besides, the reduced demand for analog cameras is anticipated to drive the digital camera industry. In addition to this, the lowered requirements of camera accessories such as film developing supplies have also increased the digital camera market revenue. Furthermore, the innovations introduced by manufacturers such as digital cameras with Bluetooth and Wi-Fi capability is expected to escalate the adoption of digital cameras over the coming years. Additionally, in recent years the camera module’s resolution, and performance, in general, have been improved quickly by the manufacturers. This anticipated to increase the digital camera market shares during the forecast period.

Additionally, the digital camera market growth was highly influenced by the increasing tourism activities across the globe. However, the outbreak of the Covid-19 virus in December 2019 which later was announced pandemic by WHO has significantly reduced tourism activities across the globe. This is anticipated to significantly restrict the growth of the digital camera market to some extent during the forecast period.

Global Digital Camera Market- Segmentation

By Lens Type

Built-in Lens
Interchangeable Lens

Global Digital Camera Market- Segment by Region

North America

US
Canada

Europe

Germany
UK
France
Spain
Italy
Rest of Europe

Asia-Pacific

China
Japan
India
Rest of Asia-Pacific

Rest of the World

ALPA Capaul und Weber AG
Canon Inc.
Carl Zeiss AG
FUJIFILM Holdings Corp.
Hewlett Packard Enterprise Company
Konica Minolta, Inc.
Leica Camera AG
Nikon corp.
Olympus Corp.
Panasonic Corp.
Ricoh Imaging Co., Ltd.
Rollei GmbH & Co. KG
Samsung Electronics Co., Ltd.

For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/digital-camera-market

Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 780-304-0404

About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.

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