DUBLIN, May 29, 2018 /PRNewswire/ --
The "Digital Camera Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023" report has been added to ResearchAndMarkets.com's offering.
The global digital camera market reached a value of US$ 18.6 Billion in 2017 and is anticipated to decline at a CAGR of 11.5% during 2018-2023, reaching a value of US$ 8.9 Billion by 2023
A digital camera produces digital images that can be stored in a computer or displayed on a screen. Unlike film camera, digital camera use charged coupled device (CCD) to capture images, which are stored in digital electronic format in a memory card. These cameras eliminate film processing, i.e., there is no need to develop the film roll in the dark room. Moreover, they offer massive storage capacity, have a viewing screen that allows to view the image as soon as it is clicked along with many other user-friendly features. However, with the advent of high-end smartphones, the digital camera market has experienced a slow growth over the past few years.
The global digital camera market is negatively influenced by the availability of superior camera functions on smartphones. With the launch of every smartphone, the camera functions are consistently getting better, side-lining the need to own digital cameras. Moreover, consumers believe that smartphones are a better investment as opposed to digital cameras, since these phones offer various additional functions. Besides, the rental system in the camera market has also led to a decline in the sales of digital cameras for professional purposes. Apart from this, minimal customer engagement by the camera manufacturers and complex specifications have diminished the growth prospects of the market.
The report has segmented the market on the basis of type into built-in lens cameras, interchangeable lens cameras, compact digital cameras, bridge cameras, Digital Single Lens Reflex (SLR) Cameras, digital rangefinders, line-scan camera systems, integration camera and water-resistant cameras.
Asia Pacific represents the largest region, accounting for majority of the global shares. On analysing the import-export scenario, it is found that the United States is the largest importer and China is the largest exporter of digital cameras.
The report has also analysed the competitive landscape of the market with some of the key global players being Canon, Inc., Nikon Corporation, Sony Corporation, Panasonic Corporation and Olympus Corporation.
Key Topics Covered:
2 Scope and Methodology
3 Executive Summary
5 Global Digital Camera Market
6 Market Breakup by Type
7 Market Breakup by Region
8 Imports and Exports
9 Digital Camera Manufacturing Process
10 Competitive Landscape
- Canon Inc.
- Nikon Corporation
- Sony Corporation
- Panasonic Corporation
- Olympus Corporation
For more information about this report visit https://www.researchandmarkets.com/research/6dwq5k/global_digital?w=5
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SOURCE Research and Markets