NEW YORK, Jan. 24, 2022 /PRNewswire/ -- The digital camera market will decline by USD 284.66 million. However, the market's growth is anticipated to accelerate at a CAGR of (0.51)% from 2020 to 2025. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.
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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. The convenience of using digital camera will offer immense growth opportunities. With the growing technological innovations, differentiated products for different purposes are also playing a significant role in driving the growth of the market. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Digital Camera Market 2021-2025: Segmentation
The digital camera market is segmented as below:
APAC will contribute to 33% of the market share during the forecast period. The sales in the market are fueled by the presence of a large population and the growing disposable per capita income. Additionally, the region also offers inexpensive products with basic features. The market has witnessed high demand from several countries such as Japan, Indonesia, India, and China in the past few years.
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Digital Camera Market 2021-2025: Vendor Analysis and Scope
To help businesses improve their market position, the digital camera market report provides a detailed analysis of around 25 vendors operating in the market. Some of these vendors include Canon Inc., Eastman Kodak Co., FUJIFILM Holdings Corp., Nikon Corp., OM Digital Solutions Corp., Panasonic Corp., Polaroid Film B.V., Ricoh Co. Ltd., Samsung Electronics Co. Ltd., and Sony Corp. But the market is dominated by the top five global players: Canon, Nikon Corporation, Panasonic, Samsung Electronics, and Sony Corporation.
The established players face intense competition because of the product portfolio, product differentiation, and pricing of the products. Hence, vendors are continuously trying to expand their product portfolios by incorporating innovative features into their products.
Digital Camera Market 2021-2025: Driver
The rise in the usage of social media platforms is one of the key drivers for the global digital camera market growth during the forecast period. Users are joining these social sites to stay connected with family, friends, and people of different cultures, races, and traditions. As these social networking sites are powerful platforms that are used by people to build social relations. In addition, the number of active users on social networking sites is increasing consistently. Thus, the increase in the use of social media sites is estimated to influence the demand for digital cameras as well as smartphones in the coming years.
The report also covers the following areas:
The increasing number of new product launches is likely to emerge as one of the primary drivers of the market. However, the high price of digital cameras and the availability of cheaper substitutes may threaten the growth of the market.
Backed with competitive intelligence and benchmarking, our research reports on the digital camera market are designed to provide entry support, customer profile & M&As as well as go-to-market strategy support.
Digital Camera Market 2021-2025: Key Highlights
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Digital Camera Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Accelerate at a CAGR of (0.51)% |
Market growth 2021-2025 (decline) |
$ 284.66 million |
Market structure |
Fragmented |
YoY growth (%) |
(0.8) |
Regional analysis |
APAC, North America, Europe, MEA, and South America |
Performing market contribution |
APAC at 33% |
Key consumer countries |
US, China, Germany, Japan, and UK |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
Canon Inc., Eastman Kodak Co., FUJIFILM Holdings Corp., Nikon Corp., OM Digital Solutions Corp., Panasonic Corp., Polaroid Film B.V., Ricoh Co. Ltd., Samsung Electronics Co. Ltd., and Sony Corp. |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for forecast period, |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table of Contents:
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Product
Customer Landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
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