Camera Accessories Market size is set to grow by USD 856.09 million from 2023-2027, High demand for advanced digital cameras boost the market, Technavio

NEW YORK, April 12, 2024 /PRNewswire/ -- The global camera accessories market  size is estimated to grow by USD 856.09 mn from 2023-2027, according to Technavio. The market is estimated to grow at a CAGR of  3.71%  during the forecast period.  The camera accessories market is driven by the sales of digital cameras, particularly DSLRs and MILCs, due to their HD picture and video quality and compatibility with various lenses. Advanced cameras offer customization options, leading to increased sales of lenses and accessories such as lens caps, mounts, flashes, battery packs, pouches, protectors, tripods, bags, memory cards, straps, filters, cases, adapters, and cleaning kits. 

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Segment Overview 

This camera accessories market report extensively covers market segmentation by Type (Lenses, Bags and cases, Tripods, Batteries and chargers, Others) Distribution Channel (Online, Offline) Geography (North America, Europe, APAC, South America, Middle East and Africa)

Market segmentation by Type

The camera accessories market is thriving in the online distribution channel, catering to the growing demand for convenient and competitive shopping experiences. This market encompasses a wide range of products, including Lens Caps and Mounts, Camera Flashes and Battery Packs, Camera Lens Pouches and Screen Protectors, Tripod Heads and Lens Blowers, Strap Attachments and Lens Pen Cleaners, Gimbal Stabilizers and Battery Chargers, Lens Covers and Hoods, Filters and Cases, Adapters and Rings, Extenders and Lens Kits, Collars and Rings, and Cleaning Kits. Additionally, this market offers Battery Grips, Rain Covers, and Camera Cases, as well as Memory Cards, Straps, and Remote Controls for enhanced photography experiences.

Geography Overview

The Camera Accessories Market in North America, led by the US, is experiencing a shift due to the saturation of the digital camera market and the high penetration of smartphones. Despite this, demand remains for various accessories including Lens Caps, Camera Mounts, Camera Flashes, Camera Battery Packs, Camera Lens Pouches, Camera Screen Protectors, Camera Tripod Heads, Camera Lens Blowers, Camera Strap Attachments, Lens Pen Cleaners, Camera Gimbal Stabilizers, Camera Battery Chargers, Camera Lens Covers, Camera Lens Hoods, Camera Lens Filters, Camera Lens Cases, Camera Lens Adapters, Camera Lens Caps, Camera Lens Mounts, Camera Lens Cloths, Camera Lens Cleaners, Camera Lens Holders, Camera Lens Protectors, Camera Lens Kits, Camera Lens Collars, Camera Lens Rings, Camera Lens Extenders, and Tripods. Additionally, Memory Cards, Camera Straps, Lens Filters, Battery Grips, Camera Cleaning Kits, Lens Hoods, Camera Remote Controls, Camera Chargers, Flash Diffusers, Lens Adapters, Camera Rain Covers, and Camera Cases continue to be popular. US vendors such as Apple, Samsung, LG, and Lenovo dominate the smartphone market, accounting for around 87% of market share in 2021. 

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• The camera accessories market is thriving, with manufacturers like Nikon and Canon releasing technologically advanced accessories for enhanced camera performance. These include lens caps, mounts, flashes, battery packs, tripods, bags, and more. Additionally, gimbal stabilizers, lens cleaners, and other innovative accessories are now available. Online channels offer a wide range of accessories for consumers.
• The APAC market, led by China and India, dominates the global digital camera market. Due to price-sensitive consumers, camera accessory prices have declined. Manufacturers compete on pricing, offering products such as lens caps, mounts, flashes, battery packs, tripods, bags, memory cards, straps, and cleaning kits. These include lens filters, hoods, covers, protectors, adapters, lens pens, gimbal stabilizers, chargers, and lens extenders.

Insights on Market Drivers, trends, & Challenges, historic period(2017 - 2021) and forecast period(2023-2027)- Request a sample report!

Research Analysis

The Camera Accessories Market caters to photographers and videographers seeking to enhance their equipment's functionality and durability. This market encompasses a wide range of products, including Camera Lenses for capturing high-quality images, Tripods for stabilizing shots, Camera Bags for secure transportation, Memory Cards for expanded storage capacity, Camera Straps for comfortable carrying, Lens Filters for protection and enhancement, Battery Grips for extended battery life, Camera Cleaning Kits for maintaining equipment, Lens Hoods for reducing glare, Camera Remote Controls for triggering shots remotely, and Camera Chargers for recharging batteries. These accessories ensure that photographers and videographers have the tools they need to produce exceptional content.

Market Research Overview

The Camera Accessories market encompasses a diverse range of products designed to enhance the functionality and performance of cameras. These accessories include lenses, such as wide-angle, telephoto, and macro lenses, providing different perspectives and focusing capabilities. Tripods and monopods offer stability and convenience for capturing sharp images and videos. Cards and memory provide ample storage space for storing large volumes of data. Remotes allow for triggering the camera shutter from a distance. Filters, such as polarizing and neutral density filters, improve image quality and protect the camera lens. Batteries and chargers ensure uninterrupted use of the camera. Lenses, covers, cleaning kits, and straps complete the list of essential camera accessories. The market for these products caters to both professional and amateur photographers, offering a wide array of options to suit various budgets and needs.

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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SOURCE Technavio