Reliable Data You Can Trust
Reliable Data You Can Trust
A recent report published by Infinium Global Research on the digital photography market provides in-depth analysis of segments and sub-segments in the global as well as regional digital photography market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional digital photography market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast, and dollar values of the global digital photography market. According to the report, the global digital photography market is projected to reach USD 59.76 billion by 2027 from USD 48.06 billion in 2021 growing at a CAGR of 3.7% over the forecast period of 2021-2027.
The digital world has evolved greatly over the past few years due to advancements in technology in its products. Digital cameras have become more and more common and also more affordable. The players of digital camera companies are offering new products catering to various demands of consumers. The clicked pictures are in digital format and these can be stored in computers, phone memory which can be further processed for editing parts like color correction, resizing of the image for viewing, publishing, or printing. The digital photography market includes complementary products such as cameras, interchangeable lenses, storage cards, printers, photo editing software, camera cell phones, and digital photo frames. In recent times digital media has changed the world of digital photography with different sites that have come into use like networking, photo sharing, and blogging. The global digital photography market is in demand as most of the population is the advent of social networking sites such as Facebook, Instagram, Tumblr, and Pinterest sharing their images and video contents through these platforms.
The participation of vast populations on the Internet is the major driving factor for market growth. Due to which there is increasing demand among consumers to have high-end cameras. Digital photography is used as an application in several industries such as medical, surgeries, automobiles, and manufacturing. Furthermore, these digital cameras are highly expensive, sophisticated, and they require appropriate knowledge to use them. The digital market is segregated into products like cameras, interchangeable lenses, storage cards, printers, photo editing software, camera cell phones, and digital photo frames. Nevertheless, the development of innovative technology and different products specifications are expected to provide growth opportunities to the Digital Photography Market in the upcoming future. In upcoming years more professional photographers will switch to digital photography.
Among the regions, Asia-Pacific accounted for the largest share in the Digital Photography Market. Moreover, the increasing demand for digital photography products due to the usage of social networking sites such as Facebook, Instagram, Tumblr, and Pinterest has increased by the youth population out here. As Internet addiction within the youth is increasing, the rise of photography as a hobby in delivering rich quality images through it can drive the market in the coming years. A growing number of sensor manufacturers, augmented performance delivery owing to dynamic technological shift towards CMOS sensors, and mounting manufacturing facilities. However, the European region is anticipated to grow with the highest rate in the global Digital Photography market over the forecast period. In addition, the entry of well-known global brands is expected to propel this regional market during the forecast period.
The report on global digital photography market covers segments such as product, and application. On the basis of product, the sub-markets include camera cell phones, processing equipment, interchangeable lens, memory cards, storage devices, and others. On the basis of application, the sub-markets include photo processing, security and surveillance, automotive, medical, law enforcement, and traffic.
The report provides profiles of the companies in the market such as PENTAX, Sony Corp., Panasonic Corp, Nikon Corp, Canon Inc., Samsung Electronics Co. Ltd, Olympus, Leica, Kodak Co., Toshiba Corporation, and Fujifilm Holdings Corp.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of digital photography market. Moreover, the study highlights current market trends and provides forecast from 2021-2027. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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