Digital Cameras Market - Global Industry Analysis, Size, Share And Forecast 2015 - 2023
Albany, NY -- (SBWIRE) -- 12/07/2016 -- The global market for digital cameras is expected to be benefited from the high demand for advanced digital camera across the globe, states Transparency Market Research (TMR) in a research report. The report is titled, "Digital Cameras Market (Type - Compact Digital Cameras, Bridge Cameras, Mirror-less Interchangeable-lens Cameras, Digital Single Lens Reflex (SLR) Cameras, Digital Rangefinders, Line-scan Camera Systems, Integration, and Waterproof) - Global Industry Analysis, Size, Share and Forecast 2015–2023. The publications presents an overview of the growth of the global digital camera market in the past, current scenario, and prospects for future. The trends prevalent and the dynamics that are anticipated to adversely or positively impact the growth of the market have also been highlighted in the report. To understand the market clearly, the report offers an analysis of the competitive landscape using Porter's five forces analysis.
According to the report, the global digital cameras market witnessed a growth of approximately 138 million units by the end of 2015 owing to the growing adoption of digital single lens reflex (SLR) cameras. The demand for digital cameras is expected to gain momentum over the next couple of years due to the enhancing prosperity of consumers and growing disposable income in the emerging economies of Asia Pacific.
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As the online retail market is gaining prominence, the global digital cameras market is also expected to witness a significant growth over the forthcoming years. Technological advances have augmented the development of advanced cameras with HD video and picture quality such as DSLRs and MILCs. These high definition digital cameras are compatible with different lenses with a range of various focal lengths. Furthermore, the burgeoning trend of fashion, street, heritage, and wildlife photography has boosted the demand for interchangeable lens digital cameras. Advanced digital cameras allow the user to change lenses of different focal lengths as per need and without changing the camera. The sales of new digital cameras are expected to be influenced by the deployment of new technologies such as zoom lenses, enhanced image detection, wireless connectivity, high definition image and video and touch screen.
The vendors operating in the global digital cameras market can capitalize on the growing demand for DSLR cameras owing to the mounting demand from emerging economies, falling prices, digitization, and hassle-free usage. The key regions of the global digital cameras market are Asia Pacific, Europe, and the U.S. Countries like Russia, China, and India are likely to register extensive growth and offer potential growth prospects. Some of the leading players operating in the market are Sony, Samsung Electronics, Panasonic, Nikon, and Canon.