Digital Photography Market Share, Growth, Opportunities 2031
Digital Photography Market Share, Growth, Opportunities 2031
Segments - Digital Photography Market by Products (Camera Cell Phones, Photo Processing Equipment, and Interchangeable Lenses), Applications (Photo Processing, Photography Software, and Photo Looks), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023-2031
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| Report ID :ICT-SE-1227
| 4.4 Rating
| 74 Reviews
| 160 Pages
| Format :
Report Description
The global digital photography market size was valued at USD 109.83 billion in 2022 and is expected to surpass USD 161.82 billion by 2031, expanding at a CAGR of 4.4% during the forecast period, 2023–2031. The growth of the market is attributed to the increase in the use of social networking sites and increment in the number of population access to the Internet, which push the demand for digital photography.
Digital photography refers to the process of capturing, editing, and sharing images using electronic appliances, which can be further shared or published using various means on several digital or social media platforms using the Internet.
The increase in the usage of social networking sites such as Facebook, Instagram, WhatsApp, and other platforms has led to fuel the digital photography market. Strong demand for digital photography is majorly driven due to the increase in popularity of picture editing services and applications such as Pixlr and digital images can be mailed and downloaded easily.
Apart from professional photographer, digital photography has been widely adopted by many amateur photographers over the years. They can easily access to the Internet and learn themselves how to use digital cameras from YouTube and other online sites, which fuels the rising demand for the photography.
On the other hand, the extensive use of photography culture in the fields of sports, social gathering, and mass events as well as numerous photography applications in various industries such as science, security surveillance, and art are major aspects of the market growth.
Meanwhile, the outbreak of COVID-19 pandemic had severe impact on the digital photography market as it forced to shut down the manufacturing units and business operation. On the other hand, a large number of people across the globe have got the chance to get introduced to digital photography while they were locked down in their houses. The rising number of population who are inclined to photography as a new hobby is likely to propel the market expansion.
Market Trends, Drivers, Restraints, and Opportunities
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Wide access to the Internet by a large number of youngsters and increasing adoption of photography as a hobby among the youth population across the globe are key factors driving the market growth.
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Increasing use of digital photography for 3D modeling, surveillance, medical, and automotive sector are anticipated to boost the market growth during the forecast period.
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Rising number of smart phones users and their growing access to social networking sites for uploading pictures is another key factor estimated to help the market growth.
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High cost of digital cameras and requirement of professional knowledge to operate devices are key restraining factors that can hamper the market growth.
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Rapid process of integrated digital cameras and videos into network devices and introduction of innovating and new digital cameras to grab the attention of the consumers are creating several opportunities for the market expansion.
Scope of the Report
The report on the global digital photography market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes |
Details |
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Report Title |
Digital Photography Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2022 |
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Historic Data |
2016-2021 |
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Forecast Period |
2023-2031 |
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Segmentation |
Products (Camera Cell Phones, Photo Processing Equipment, and Interchangeable Lenses) and Applications (Photo Processing, Photography Software, and Photo Looks) |
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Regional Scope |
Asia Pacific, North America, Latin America, Europe, and the Middle East & Africa |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, Trends, and Revenue Forecast |
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Key Players Covered in the Report |
Sony Corp.; Panasonic Corp.; Nikon Corp.; Canon Inc.; Fujifilm Holdings Corp.; Samsung Electronics Co. Ltd.; Kodak Co.; and Toshiba Corp. |
Market Segment Insights
Camera cell phones segment is expected to account for a key share
Based on the products, the global digital photography market is divided into camera cell phones, photo processing equipment, and interchangeable lenses. The camera cell phone segment is expected to account for a key share of the market in the coming years owing to wide usage of smart phones and growing access to the Internet.
However, the photo processing equipment segment is anticipated to expand at a considerable pace during the forecast period due to increase in demands of photo book generation and others. Moreover, the segment growth can be attributed to rising demand for photo editing as well as wide availability of less expensive devices for processing and editing.
Photography software segment is projected to expand at a rapid CAGR
On the basis of applications, the market is divided into photo processing, photography software, and photo Looks. The photography software segment is anticipated to expand at a rapid CAGR during the forecast period owing to increasing applications of photography in various fields including data storage, medical visualization, and automotive.
Wide adoption of the software can be further attributed to increasing development of new technology for photo processing devices and equipment, which are able to enhance the picture by increasing its quality and resolution.
Asia Pacific is anticipated to constitute a key market share
In terms of region, the global digital photography market is classified as Asia Pacific, North America, Latin America, Europe, and the Middle East & Africa. The market of Asia Pacific is expected to exhibit rapid growth in the coming years due to higher earning income of a large number of population especially in India, China, and Japan. Moreover, companies based in Japan are extensively participating in research and development in order to produce high-quality cameras.
This factor is expected to fuel the digital photography market in the region in the near future. Moreover, growing the retail sector selling consumer electronic goods including cameras and smart phones as well as increasing use of social media by a large number of the young population in the region are other key factors propelling the regional market growth.
Segments
The global digital photography market has been segmented on the basis of
Products
- Camera Cell Phones
- Photo Processing Equipment
- Interchangeable Lenses
Applications
- Photo Processing
- Photography Software
- Photo Looks
Region
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- Sony Corp.
- Panasonic Corp.
- Nikon Corp.
- Canon Inc.
- Fujifilm Holdings Corp.
- Samsung Electronics Co. Ltd
- Kodak Co.
- Toshiba Corp.
Competitive Landscape
Some of the key players competing in the digital photography market are Panasonic Corp.; Nikon Corp.; Canon Inc.; Fujifilm Holdings Corp.; Samsung Electronics Co. Ltd; Kodak Co.; and Toshiba Corp.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Digital Photography 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 Photography Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Digital Photography Market - Supply Chain
4.5. Global Digital Photography Market Forecast
4.5.1. Digital Photography Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Digital Photography Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Digital Photography Market Absolute $ Opportunity
5. Global Digital Photography Market Analysis and Forecast by Applications
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Applications
5.2.2. Y-o-Y Growth Projections by Applications
5.3. Digital Photography Market Size and Volume Forecast by Applications
5.3.1. Photo Processing Photography Software Photo Looks
5.4. Absolute $ Opportunity Assessment by Applications
5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global Digital Photography Market Analysis and Forecast by Region
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Region
6.2.2. Y-o-Y Growth Projections by Region
6.3. Digital Photography Market Size and Volume Forecast by Region
6.3.1. North America
6.3.2. Latin America
6.3.3. Europe
6.3.4. Asia Pacific
6.3.5. Middle East and Africa (MEA)
6.4. Absolute $ Opportunity Assessment by Region
6.5. Market Attractiveness/Growth Potential Analysis by Region
6.6. Global Digital Photography Demand Share Forecast, 2019-2026
7. North America Digital Photography 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
7.2. North America Digital Photography Market Size and Volume Forecast by Country
7.2.1. U.S.
7.2.2. Canada
7.3. Absolute $ Opportunity Assessment by Country
7.4. North America Digital Photography Market Size and Volume Forecast by Applications
7.4.1. Photo Processing Photography Software Photo Looks
7.5. Basis Point Share (BPS) Analysis by Applications
7.6. Y-o-Y Growth Projections by Applications
7.7. Market Attractiveness/Growth Potential Analysis
7.7.1. By Country
7.7.2. By Product Type
7.7.3. By Application
7.8. North America Digital Photography Demand Share Forecast, 2019-2026
8. Latin America Digital Photography 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. Latin America Average Pricing Analysis
8.2. Latin America Digital Photography Market Size and Volume Forecast by Country
8.2.1. Brazil
8.2.2. Mexico
8.2.3. Rest of Latin America
8.3. Absolute $ Opportunity Assessment by Country
8.4. Latin America Digital Photography Market Size and Volume Forecast by Applications
8.4.1. Photo Processing Photography Software Photo Looks
8.5. Basis Point Share (BPS) Analysis by Applications
8.6. Y-o-Y Growth Projections by Applications
8.7. Market Attractiveness/Growth Potential Analysis
8.7.1. By Country
8.7.2. By Product Type
8.7.3. By Application
8.8. Latin America Digital Photography Demand Share Forecast, 2019-2026
9. Europe Digital Photography 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. Europe Average Pricing Analysis
9.2. Europe Digital Photography Market Size and Volume Forecast by Country
9.2.1. Germany
9.2.2. France
9.2.3. Italy
9.2.4. U.K.
9.2.5. Spain
9.2.6. Russia
9.2.7. Rest of Europe
9.3. Absolute $ Opportunity Assessment by Country
9.4. Europe Digital Photography Market Size and Volume Forecast by Applications
9.4.1. Photo Processing Photography Software Photo Looks
9.5. Basis Point Share (BPS) Analysis by Applications
9.6. Y-o-Y Growth Projections by Applications
9.7. Market Attractiveness/Growth Potential Analysis
9.7.1. By Country
9.7.2. By Product Type
9.7.3. By Application
9.8. Europe Digital Photography Demand Share Forecast, 2019-2026
10. Asia Pacific Digital Photography 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. Asia Pacific Average Pricing Analysis
10.2. Asia Pacific Digital Photography Market Size and Volume Forecast by Country
10.2.1. China
10.2.2. Japan
10.2.3. South Korea
10.2.4. India
10.2.5. Australia
10.2.6. Rest of Asia Pacific (APAC)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Asia Pacific Digital Photography Market Size and Volume Forecast by Applications
10.4.1. Photo Processing Photography Software Photo Looks
10.5. Basis Point Share (BPS) Analysis by Applications
10.6. Y-o-Y Growth Projections by Applications
10.7. Market Attractiveness/Growth Potential Analysis
10.7.1. By Country
10.7.2. By Product Type
10.7.3. By Application
10.8. Asia Pacific Digital Photography Demand Share Forecast, 2019-2026
11. Middle East & Africa Digital Photography Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Middle East & Africa Average Pricing Analysis
11.2. Middle East & Africa Digital Photography Market Size and Volume Forecast by Country
11.2.1. Saudi Arabia
11.2.2. South Africa
11.2.3. UAE
11.2.4. Rest of Middle East & Africa (MEA)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Middle East & Africa Digital Photography Market Size and Volume Forecast by Applications
11.4.1. Photo Processing Photography Software Photo Looks
11.5. Basis Point Share (BPS) Analysis by Applications
11.6. Y-o-Y Growth Projections by Applications
11.7. Market Attractiveness/Growth Potential Analysis
11.7.1. By Country
11.7.2. By Product Type
11.7.3. By Application
11.8. Middle East & Africa Digital Photography Demand Share Forecast, 2019-2026
12. Competition Landscape
12.1. Global Digital Photography Market: Market Share Analysis
12.2. Digital Photography Distributors and Customers
12.3. Digital Photography Market: Competitive Dashboard
12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
12.4.1. Sony Corp. Panasonic Corp. Nikon Corp. Canon Inc. Fujifilm Holdings Corp.
Methodology
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