Latest News- Mirrorless Camera Market: Interchangeable lens is expected to lead the Type segment during 2025-2029

The Mirrorless Camera Market is being driven by New product launches in mirrorless cameras

The Mirrorless Camera Market is expected to grow at a CAGR of 7.5% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 1427.9 million. The mirrorless camera market is experiencing significant growth in online sales due to the convenience and advantages offered by e-commerce platforms. Consumers are increasingly drawn to the ease of shopping, attractive discounts, and improved payment and return policies. Furthermore, the availability of high-end mirrorless cameras in emerging markets is expanding, facilitated by strategic partnerships between manufacturers and e-commerce retailers. Some manufacturers, such as Olympus, have adopted an omnichannel approach, selling directly through their own websites. This business model enables cost savings and competitive pricing, making mirrorless cameras more accessible to a wider audience. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Type
  • Interchangeable lens
  • Fixed lens
• Distribution Channel
  • Offline
  • Online
• Geography
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • Europe
    • Germany
    • UK
  • North America
    • Canada
    • US
  • South America
    • Brazil
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• New product launches in mirrorless cameras
• Superior functional and performance benefits of mirrorless cameras
• Increasing use of social media

However, the market also witnesses some limitations, which are as follows:

• Proliferation of smartphones
• Poor battery performance of mirrorless cameras
• Limited lens selection of mirrorless cameras

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Market Scope in Mirrorless Camera Market Research Report

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Research Analysis Overview

The mirrorless camera market is witnessing significant growth as more photographers and vloggers opt for these devices over DSLR cameras and smartphones. Mirrorless cameras offer advantages like electronic viewfinders, high-resolution sensors, and advanced autofocus systems. Global shipments of mirrorless camera products are increasing due to their superior image quality and video capabilities. Social media platforms have played a crucial role in popularizing mirrorless cameras among travel bloggers and content creators. Mirrorless lenses, full-frame sensors, hybrid autofocus, and AI capabilities are some of the technological advancements in this field. Connectivity features and the ability to use multiple lenses make mirrorless cameras a versatile choice for digital media enthusiasts. While mirrorless cameras have gained popularity, the optical assembly and image quality of mirrorless lenses continue to rival that of traditional photographic technology like film.

Market Research Overview

The mirrorless camera segment, a subset of the digital camera market within the global consumer electronics industry, is experiencing significant growth due to the introduction of innovative new products. Key players in this sector are continually enhancing their offerings with advanced autofocus systems, electronic viewfinders, and integrating social media platforms to cater to the rising demand from vloggers and content creators. The mirrorless camera market's expansion is also influenced by the smartphone industry, as consumers seek higher image quality than their mobile devices can provide. Technavio's market analysis indicates that these factors will contribute to the overall growth of the global consumer electronics market, which encompasses manufacturers and marketers of digital cameras, household appliances, homeware, and furnishings and decorative products.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/