Digital Camera Market Growth to Propel Based on Increasing Popularity of Posting Pictures on Social Media Platforms and Rising Penetration of Smartphones Till 2020 | Million Insights

July 13 08:52 2020
Digital Camera Market Growth to Propel Based on Increasing Popularity of Posting Pictures on Social Media Platforms and Rising Penetration of Smartphones Till 2020 | Million Insights

Million Insights – World’s Fastest Growing Market Research Database
According To New Report Available With Million Insights, Global “Digital Cameras Industry” Study Offers A Comprehensive Analysis Of The Business Models, Key Strategies, And Respective Market Shares Of Some Of The Most Prominent Players In This Landscape. The Report Begins With A Market Overview Capturing The Significant Facts Of The “Digital Camera Market”.

The global Digital Camera Market is anticipated to reach USD 19.77 billion by the end 2020, according to a new report released by Million Insights. Rising popularity of posting pictures on social media platforms is anticipated to drive the market growth. Moreover, low penetration of digital cameras in countries such as India and Brazil is projected to create potential growth opportunities for the key market players. However, rising penetration of smartphones across the developed and developing countries owing to its easy accessibility and presence of high resolution cameras is one of the key factors restraining the market growth.

By product segment, the built-in lens segment accounted for the market share of 78.5% in terms of unit shipments. However, the demand for these cameras is projected to remain stagnant owing to rising adoption of smartphones equipped with high resolution digital cameras. On the other hand, the DSLR cameras segment held a significant market share of 17.2% in terms of unit shipments owing to features such as convenience, compactness, and efficiency.

To download the sample PDF of “Digital Cameras Market Report” please click here:  

Asia Pacific is projected to emerge as the largest market share owing to rising disposable income levels, rising penetration of social networking platforms such as Instagram and Facebook, and high growth opportunities in countries like China, Japan, and India. North American and European markets are largely driven by demand for replacing old cameras with new and upgraded ones.

Key players in the market are focusing on strategies such as differentiation, product innovation, and brand reinforcement. Moreover, they are focusing on developing advanced cameras with connectivity features. The market is highly centralized in nature with the dominance of Japanese companies.


To browse report summary & detailed TOC, please click the link below:

Further key findings from the report suggest:

• In 2012, the global digital cameras market accounted for 98.6 million unit shipments. It is projected to attain the unit shipments of 171.7 million by the end of 2020.

• In 2012, the built-in lens camera segment accounted for 78.5% of the overall market share in terms of unit shipments. The segment’s unit shipments are projected to account for 128 million units by the end of 2020.

• In 2012, the segment of DSLR cameras held the market share of 17.2% in terms of unit shipments owing to features such as convenience, compactness, and high efficiency. In 2012, the interchangeable-lens camera segment accounted for the revenue of USD 7,533.6 million.

• In 2020, the market for digital cameras in North America are projected to attain 37,488.2 thousand units in terms of unit shipments. It is projected to attain a CAGR of 6.1% over the forecast period.

• In 2012, Asia pacific held a significant share of more than 33% in terms of unit shipments owing to factors such as rising disposable income levels of people residing in countries such as India, Japan, and China and low penetration of the product in this region

• Leading players in this industry are Canon Inc., Nikon Corporation, Sony Corporation, Samsung Electronics Co., Ltd., Panasonic Corporation, Seiko Epson Corporation, Carl Zeiss AG, Ricoh Imaging Company, Olympus Corporation, Hewlett-Packard, and Fujifilm Holdings Corporation.

Million Insights has segmented the global digital camera market based on product segments and region:

Digital Camera Product Segment Outlook
    • Built-in Lens Camera
    • Interchangeable Lens Camera
        • Digital Single Lens Reflex (DSLR)
        • Non-Reflex

Digital Camera Regional Outlook
    • North America
        • U.S.
        • Canada
    • Europe
        • U.K.
        • France
        • Germany
        • Russia
    • Asia Pacific
        • India
        • China
        • Japan
    • Rest of World (RoW)

Browse latest market research reports available with Million Insights:

1. Predictive Analytics MarketThe global predictive analytics market size was generated revenue of USD 5.7 billion in 2018. It is expected to witness growth with 23.2% CAGR over the forecasted years, 2019 to 2025. This growth can be associated with surging awareness about the usage of these solutions to predict the future and to develop marketing business strategies to gain higher revenue share in the market.

2. Textile Market The global textile market size was worth USD 961.5 billion in 2019. The market is projected to grow at a CAGR of 4.3% over the forecast duration. Rising demand for apparel in emerging countries such as India, Bangladesh, China and Mexico are driving the market growth.

About Million Insights

Million Insights, is a distributor of market research reports, published by premium publishers only. We have a comprehensive market place that will enable you to compare data points, before you make a purchase. Enabling informed buying is our motto and we strive hard to ensure that our clients get to browse through multiple samples, prior to an investment. Service flexibility & the fastest response time are two pillars, on which our business model is founded. Our market research report store, includes in-depth reports, from across various industry verticals, such as healthcare, technology, chemicals, food & beverages, consumer goods, material science & automotive.

Media Contact
Company Name: Million Insights
Contact Person: Ryan Manuel
Email: Send Email
Phone: 91-20-65300184
Address:Office No. 302, 3rd Floor, Manikchand Galleria, Model Colony, Shivaji Nagar
City: Pune
State: Maharashtra
Country: India