Digital Camera Market Size, Share & Growth | Forecast [2031]

Segments - Digital Camera Market by Products (Built-in Lens Camera, Interchangeable Lens Camera, DSLR, and Non-reflex) and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

Author : Raksha Sharma

Fact-checked by : Vineet Pandey

Editor : Shruti Bhat

Report Description

The global digital camera market size was valued at USD 7.6 Billion in 2022 and is projected to reach USD 12.10 Billion by 2031, expanding at a CAGR of 5.3% during the forecast period, 2023–2031. The growth of the market is attributed to the demand for high-quality images & videos, lightweight digital cameras, and increased storage capacity for images or videos.

A digital camera is an electronic device used to store and capture videos and images in digital form. Increasing trend of sharing images and popularity of social networking on some platforms are responsible for the growth of the digital camera market. Adobe Photoshop, a popular photo editing application, increased the demand for digital cameras.

Product penetration is low in some countries such as India and Brazil, which offers opportunities to many end-users for investment in digital cameras. The market in North America and Europe is projected to grow, due to rising innovations and demand for replacement.

Increasing number of social media platforms and digital photography platforms with advanced technology are responsible for the growth of the digital camera market. Players such as Sony, Fujifilm, Canon, and Nikon are engaged in innovating mirror-less cameras in the field.

Demand for compact digital cameras increased, due to action photography. Use of social media platforms has increased for photography. Many professionals use DSLRs to take images and upload them, which results in rising demand for digital cameras. Lockdowns across the globe, due to COVID-19, increased the use of social media platforms for digital photography. Sony expanded its portfolio by launching products for use during the pandemic.

Rising adoption of smartphones for photography affected the demand for digital cameras, mainly shoot cameras and compact cameras.

Market Trends, Drivers, Restraints, and Opportunities:

Increasing demand for applications in media, sports, and entertainment boosts the market.
Use of advanced technology unfolded various opportunities to fuel the digital camera market.
Shifting consumer preferences from digital cameras to smartphone cameras is anticipated to hamper the digital camera market over the forecast period.
Large amount of time required to transfer data and high cost of camera act as restraints to the market growth.

Scope of the Report

The report on the digital camera market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes	Details
Report Title	Digital Camera Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2022
Historic Data	2016–2021
Forecast Period	2023–2031
Segmentation	Products (Built-in Lens Camera, Interchangeable Lens Camera, DSLR, and Non-reflex)
Regional Scope	Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report	Nikon, Canon, Samsung, Fujifilm, Sony, Panasonic, Olympus, Gopro, Eastman Kodak, AEE, Sioeye, OKAA, Blackvue, Papago, DOD, GARMIN, and Philips

Market Segment Insights

Interchangeable lens cameras are expected to gain a key market share

Based on products, the global digital camera market is divided into built-in lens camera, interchangeable lens camera, DSLR, and non-reflex. Demand for built-in lens cameras is projected to grow over the next six years, with shipments anticipated to reach 150 million units by 2028.

Smartphones offer internet connectivity and enable users to upload images on social networking platforms, which reduced the market share of built-in lens cameras. DSLRs (Digital Single Lens Reflex camera) are premium camera models with rising popularity in developed nations. In 2012, DSLRs accounted for around 17% of the global digital camera unit shipments.

Interchangeable lens cameras are anticipated to expand a high CAGR over the forecast period. In developed countries consumer spending on DSLRs and mirror-less cameras increased. In 2012, market revenue of interchangeable-lens digital cameras was USD 7,534 million. Convenient usage, performance efficiency, and compact size of interchangeable lenses are projected to drive the demand for digital cameras.

Asia Pacific is expected to account for a key market share

On basis of regions, the digital camera market is divided into Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific is anticipated to be a large market over the forecast period. The digital camera market in Asia Pacific accounted for around 34% of the total global shipments in 2020.

North America dominated the global market in the recent past. Rate of ownership of digital cameras reached maturity in England and North America. Demand for digital cameras is consistently decreasing in the US, France, Germany and the UK over the past few years.

Demand for digital cameras in these regions are expected to be replaced by the demand for compact cameras. Digital camera unit shipments in North America are projected to reach 37500 thousand units in 2028, growing at CAGR of around 6.2% from 2021 to 2018.

Segments

The global digital camera market has been segmented on the basis of

Products

Built-in Lens Camera
Interchangeable Lens Camera
DSLR
Non-reflex

Regions

Asia Pacific
North America
Latin America
Europe
Middle East & Africa

Key Players

Nikon
Canon
Samsung
Fujifilm
Sony
Panasonic
Olympus
Gopro
Eastman Kodak
AEE
Sioeye
OKAA
Blackvue
Papago
DOD
GARMIN
Philips

Competitive Landscape

The digital camera market is consolidated and mostly dominated by Japan-based players. Key players include Nikon, Canon, Samsung, Fujifilm, Sony, Panasonic, Olympus, Gopro, Eastman Kodak, AEE, Sioeye, OKAA, Blackvue, Papago, DOD, GARMIN, and Philips.

Key players are focusing on product development by offering maximum benefits and features in a single device to consumers. Consumer feedback plays an important role in product development. The players are investing high amount of money in research and development. Brand reinforcement is one of the key strategies implemented by the players, which includes promotional activities.

Digital Camera Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Digital Camera Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Digital Camera Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Digital Camera Market - Supply Chain
  4.5. Global Digital Camera Market Forecast
     4.5.1. Digital Camera Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Digital Camera Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. Digital Camera Market Absolute $ Opportunity
5. Global Digital Camera Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Digital Camera Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Digital Camera Demand Share Forecast, 2019-2026
6. North America Digital Camera Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Digital Camera Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Digital Camera Demand Share Forecast, 2019-2026
7. Latin America Digital Camera Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Digital Camera Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Digital Camera Demand Share Forecast, 2019-2026
8. Europe Digital Camera Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Digital Camera Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Digital Camera Demand Share Forecast, 2019-2026
9. Asia Pacific Digital Camera Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Digital Camera Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Digital Camera Demand Share Forecast, 2019-2026
10. Middle East & Africa Digital Camera Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Digital Camera Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Digital Camera Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Digital Camera Market: Market Share Analysis
  11.2. Digital Camera Distributors and Customers
  11.3. Digital Camera Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. Nikon
     11.4.2. Canon
     11.4.3. Samsung
     11.4.4. Fujifilm
     11.4.5. Sony
     11.4.6. Panasonic
     11.4.7. Olympus
     11.4.8. Gopro
     11.4.9. Eastman Kodak
     11.4.10. AEE
     11.4.11. Sioeye