The Digital Camera Market is being driven by Availability of various price ranges in digital cameras
The Digital Camera Market is expected to grow at a CAGR of 4.1% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 1739.5 million. In the dynamic and evolving digital camera market, action cameras have emerged as a significant growth driver. The proliferation of social media platforms and the increasing trend of adventure tourism have fueled the demand for these compact, rugged devices. Action cameras offer advanced features, enabling photographers to capture high-speed action in both stills and HD videos. This niche market segment is expected to experience robust growth due to its appeal to consumers engaged in dynamic pursuits, such as skiing, surfing, and biking, who require specialized equipment for documenting their experiences. The durability and innovative features of action cameras cater to the unique needs of this market, thereby capitalizing on emerging trends and consumer preferences.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
|
Report Coverage |
Details |
Page number |
207 |
Base year |
2024 |
Historic period |
2019-2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.1% |
Market growth 2025-2029 |
USD 1739.5 million |
Market structure |
fragmentation |
YoY growth 2024-2025(%) |
3.9 |
Key countries |
US, Canada, Germany, UK, Italy, France, China, India, Japan, Brazil, Egypt, UAE, Oman, Argentina, KSA, UAE, Brazil, Rest of World (ROW), China, US, Japan, Germany, Canada, UK, India, France, Brazil, South Korea, UAE, and Rest of World |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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The digital camera market encompasses various features including sensor size, image processor, lens mount, exposure modes, metering modes, white balance, focus points, LCD screen, built-in flash, external flash, memory cards (SD, MicroSD), USB interface, HDMI output, remote shutter release, light meter, depth of field, macro photography, panorama mode, HDR photography, night photography, light painting, long exposure, time-lapse photography, stop-motion animation, video editing, live streaming, virtual reality, augmented reality, 3D photography, drone photography, underwater photography, aerial photography, infrared photography, high-speed photography, light field photography, computational imaging, machine learning, and deep learning. These elements contribute to the advanced functionality and versatility of modern digital cameras.
The digital camera segment within the global consumer electronics market encompasses businesses involved in the manufacturing and marketing of digital cameras, action cameras, and related accessories. Notable exclusions from this market include mobile phones, PCs, peripherals, video games, gaming consoles, and gaming peripherals, which fall under separate categories. According to Technavio, the global household durables market, which includes consumer electronics, furnishings and decorative products, household appliances, and homeware, is projected to grow due to the continuous introduction of innovative new products, such as digital cameras with advanced features like high digital and optical zoom, larger image sensors, enhanced ISO sensitivity, and expanded dynamic range, enabling superior image quality for continuous shooting.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
Jesse Maida
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