The digital camera market share will post an incremental growth of USD 1.03 billion, decelerating at a CAGR of 1.89% during the forecast period. The availability in various price ranges will offer immense growth opportunities to market vendors. The digital camera market is fragmented, and the vendors are deploying growth strategies such as low-pricing strategies and strengthening the local customer base to compete in the market.
Technavio’s report on “Digital Camera Market by Type and Geography - Forecast and Analysis 2022-2026” provides a detailed analysis of the prevalent market forces, trends, and challenges likely to impact the market in focus.
The digital camera market is segmented by Type (DSLR cameras, compact digital cameras, mirrorless interchangeable lens cameras, and bridge compact digital cameras) and Geography (APAC, North America, Europe, Middle East and Africa, and South America)
The growth of the digital camera market size in the DSLR cameras segment will be significant during the forecast period. The growing awareness among customers will increase the digital camera market growth in APAC. 60% of the market's growth will originate from APAC during the forecast period. The US, China, and Japan are the key markets for the digital camera market in APAC.
The availability in various price ranges will directly influence the sales of the digital camera market. In addition, the increase in the use of action cameras is one of the major digital camera market trends that will positively impact the market growth. However, the proliferation of smartphones will hamper the digital camera market growth.
The market is fragmented due to the presence of several players. Some of the major digital camera market vendors are BenQ Corp., Canon Inc., Eastman Kodak Co., Elite Brands Inc., FUJIFILM Holdings Corp., GoPro Inc., HP Inc., JMM Lee Properties LLC, Kyocera Corp., Leica Camera AG, OM Digital Solutions Corp., Panasonic Corp., Polaroid International B.V., Ricoh Co. Ltd., Samsung Electronics Co. Ltd., Sharp Corp., SIGMA Corp., Sony Group Corp., Victor Hasselblad AB, and Nikon Corp.
To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions.
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Precise market size estimation during the forecast period 2022-2026.
CAGR of the digital camera market forecast during 2022-2026.
Market-level data on units, average selling prices, and values of the digital camera market share.
Prediction on the upcoming trends, drivers, and factors that challenge the growth of the digital camera market.
Digital camera market industry growth across APAC, North America, Europe, Middle East and Africa, and South America.