Press release
Digital Camera Market: Major Trends Reshaping the Future of the Industry
Digital Camera
What Will the Digital Camera Industry Market Size Be by 2025?
In the past few years, we have witnessed a steady increase in the size of the digital camera market. The projections indicate that it will expand from $6.81 billion in 2024 to $7.12 billion in 2025, showcasing a compound annual growth rate (CAGR) of 4.5%. Several factors have contributed to the growth witnessed in the historic period, such as the rise of consumer electronics market, the innovation to improve user-friendliness of the devices, the surge in social media and digital sharing culture, the ability to integrate with other gadgets, and enhancements in image quality and features.
What's the Long-Term Growth Forecast for the Digital Camera Market Size Through 2029?
The size of the digital camera market is anticipated to undergo substantial growth in the upcoming years, with an estimate to reach $8.71 billion by 2029 at a compound annual growth rate (CAGR) of 5.2%. This growth over the forecast period can be attributed to several factors such as the popularity of mirrorless cameras, improved connectivity options, focus on sustainable and environmentally friendly practices, increasing demand for specialized cameras, and growth in emerging markets. The forecast period is expected to witness several trends like advancements in sensor technology, incorporation of artificial intelligence, focus on specialized cameras, sustainable and eco-friendly designs, along with customization and personalization.
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What Are the Key Growth Drivers Fueling the Digital Camera Market Expansion?
The continual rise in the usage of smartphones is projected to fuel the expansion of the digital camera market. A smartphone blends the services of a cell phone with those typically seen in a personal computer, and its usage is escalating due to technological innovations, affordability, improved connectivity, a variety of functions, ecosystem incorporation, and digital lifestyle tendencies. Smartphones augment digital cameras by providing editing tools, immediate sharing, connectivity, and acting as supplementary devices for storage, remote control, and content management. For example, the Department of Telecommunications under the Ministry of Information and Communications, a regulatory body based in Vietnam, reported in April 2022 that the number of smartphone users in Vietnam had risen from 91.3 million in 2021 to 93.5 million in 2022, representing 73.5% of the country's adult population. The rising prevalence of smartphones is spurring the development of the digital camera market.
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Which Emerging Trends Are Transforming the Digital Camera Market in 2025?
Leading companies in the digital camera market are directing their efforts towards the production of innovative, next-generation compact digital cameras to meet the changing requirements of photographers. This development in compact cameras, as represented by the Fujifilm X100VI and the Sony a6700, brings to light innovative features suitable for high-level photography and videography. For instance, Fujifilm Holdings Corp., a commercial photography firm based in Japan, released the next-gen enhanced compact camera, the X100VI Digital Camera, in February 2024. The X100VI Camera makes use of a 5-axis in-body image stabilization feature up to 6.0 stops, an X-TransTM CMOS 5 HR sensor with an approximate count of 40.2 megapixels, and a fixed 23mm F2.0 lens. The X100VI is equipped with an Advanced Hybrid Viewfinder, 6.2K/30P movie recording capability, and a Camera to Cloud feature for Adobe's Frame.io, which allows for the wireless upload of photos and videos. The camera design features aluminum surfaces, a super-slim tilt LCD monitor, and a merged body design adaptable to various shooting methods.
How Is the Digital Camera Market Segmented?
The digital camera market covered in this report is segmented -
1) By Type: Compact Digital Cameras, Mirrorless Interchangeable Lens Cameras, Digital Single-Lens Reflex Cameras
2) By Lens Type: Built-In, Interchangeable
3) By Digital Sensor Type: Charge-Coupled Device (CCD) Sensor, Complementary Metal-Oxide-Semiconductor (CMOS) Sensor, Live Metal-Oxide-Semiconductor (MOS) Sensor
4) By Resolution: Low-Resolution Cameras, High-Resolution Cameras
5) By End User: Personal, Profession
Subsegments:
1) By Compact Digital Cameras: Point-And-shoot Cameras, Slim And Ultra-compact Cameras, Waterproof And Shockproof Compact Cameras, High Zoom Compact Cameras, Travel And Vlogging Compact Cameras, Advanced Compact Cameras With Manual Controls
2) By Mirrorless Interchangeable Lens Cameras: Entry-level Mirrorless Cameras, Mid-range Mirrorless Cameras, High-End Mirrorless Cameras, Full-Frame Mirrorless Cameras, Aps-c Sensor Mirrorless Cameras, Travel And Vlogging Mirrorless Cameras
3) By Digital Single-lens Reflex (Dslr) Cameras: Entry-level Dslr Cameras, Mid-Range Dslr Cameras, Professional Dslr Cameras, Full-frame Dslr Cameras, Aps-c Sensor Dslr Cameras, Sport And Action Dslr Cameras
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Which Companies Are Leading the Charge in Digital Camera Market Innovation?
Major companies operating in the digital camera market are Samsung Electronics Co. Ltd., Sony Corporation, LG Electronics Inc., Hewlett-Packard Inc., Panasonic Corporation, Canon Inc., Fujifilm Holdings Corporation, Ricoh Company Ltd., Olympus Corporation, Nikon Corporation, Carl Zeiss AG, Casio Computer Co. Ltd., DJI Technology Co. Ltd., Eastman Kodak Company, GoPro Inc., Polaroid Corporation, Tamron Co. Ltd., Leica Camera AG, Blackmagic Design Pty. Ltd., Sigma Corporation, Phase One A/S, YI Technology Co. Ltd., Hasselblad Group, Vivo Technology Company Limited, Arashi Vision Inc (Insta360)
Which Regions Are Leading the Global Digital Camera Market in Revenue?
Asia-Pacific was the largest region in the digital camera market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the digital camera market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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