Global Camera Accessories Market 2017-2021 - Increased Market Penetration of Smartphone Camera Accessories

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Dec 13, 2017, 09:00 ET

DUBLIN, Dec. 13, 2017 /PRNewswire/ --

The "Global Camera Accessories Market 2017-2021" report has been added to Research and Markets' offering.

The global camera accessories market to decline at a CAGR of (3.75%) during the period 2017-2021.

The report covers the present scenario and the growth prospects of the global camera accessories market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of camera accessories, including lenses, batteries, chargers, docking stations, tripods, bags, and cases. The report also includes a discussion of the key vendors operating in this market.

The latest trend gaining momentum in the market is Technological advances. With the rising demand for advanced digital cameras, technological advances in the global camera accessories market are becoming evident. Some of the major advances are the development of new accessories that can be used to enhance the performance and utility of cameras and accessories that provide better stability and new angles to photography. Leading DSLR and digital camera manufacturers, such as Nikon and Canon, are providing a wide variety of new and advanced accessories for their cameras. These accessories are made available to consumers through manufacturers' online channels

According to the report, one of the major drivers for this market is High demand for advanced digital cameras. The global sales of camera accessories are largely proportional to the sales of digital cameras, such as DSLR cameras and MILCs. As a result of continuous technological advances in digital imaging, a number of DSLRs and MILCs with HD picture and video quality are now available in the market. Apart from the improved picture and video quality, a large number of advanced cameras offer compatibility with a wide variety of lenses. This allows users to customize their cameras to suit their requirements.

The increasing compatibility of cameras with lenses having different resolutions, apertures, and focal lengths has resulted in a rise in the sales of lenses, thereby contributing to the growth of the global camera accessories market. The high demand for advanced digital cameras has also resulted in the increased sales of other camera accessories, including bags, cases, and straps.

Further, the report states that one of the major factors hindering the growth of this market is Declining cost of camera accessories. With the continuous rise in demand for camera accessories from amateur and professional photographers, the prices of camera accessories are steadily declining as of 2017.

As the majority of the revenue in the global digital camera market comes from developing nations in APAC, the prices of camera accessories have a limited scope for increment because of price-sensitive consumers. APAC has the largest consumer base for digital cameras, with countries such as China and India contributing major shares to the revenue of the global camera market. In such a scenario, camera and camera accessory manufacturers need to constantly engage in competitive pricing, which ultimately leads to a decline in the average cost of these accessories.

Market Trends

Technological advances
Rising popularity of online retail
Increased market penetration of smartphone camera accessories
Shift in demand from developed nations to developing nations
Introduction of memory cards with Wi-Fi capabilities

Key vendors

Canon
Nikon
Panasonic
Samsung Electronics
Sony

Other prominent vendors

Benro
Delkin Devices
Fujifilm
Metz-Werke
Miller Camera Support Equipment
Olympus
Ricoh
Sigma Corporation of America
Slik
Velbon
VitecGroup

Key Topics Covered:

Part 01: Executive Summary

Part 02: Scope Of The Report

Part 03: Research Methodology

Part 04: Introduction

Part 05: Market Landscape

Part 06: Market Segmentation By Type

Part 07: Market Segmentation By Distribution Channel

Part 08: Regional Landscape

Part 09: Decision Framework

Part 10: Drivers And Challenges

Part 11: Market Trends

Part 12: Vendors Landscape

Part 13: Appendix

For more information about this report visit https://www.researchandmarkets.com/research/cl4n3b/global_camera?w=5

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SOURCE Research and Markets