India Camcorder Market
|Product Code: ETC000180||Publication Date: Aug 2023||Product Type: Report|
India Camcorder Market registered a decline of -99.79% in value shipments in 2022 as compared to 2021 and an increase of 11.79% CAGR in 2022 over a period of 2017. In Camcorder Market India is becoming less competitive as HHI index in 2022 was 3453 while in 2017 it was 3327. Herfindahl Index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means less numbers of players or countries exporting in the market. India has reportedly relied more on domestic production to meet its growing demand in Camcorder Market.
India is shifting towards local production to meet its demand as we see the trend is shifting towards reducing imports. The import factor of Camcorder Market in 2022 was 0.2 while in 2017 it was 16.49. China, Singapore, Portugal, USA and Poland were among the top players of the market in 2022, where China acquired the largest market share of 44.98% with a shipment value of 1.7 million USD in 2022 China also offered the product above the average market price, but remained at the leadership position indicating the trust it holds in the Camcorder Market. In 2017 China had the largest market share of 54.56% with the shipment value of 493.4 million USD. The country was offering its product with an average price which is lower than the average market price offered in the country. As China price is lower than the average price, it provided a significant edge among other competitor in 2017.
India Camcorder market has witnessed an increasing need for integration and innovation over the past few years. The demand for camcorders have recorded a consistent rise and consumers are not merely satisfied with the SD (Standard-Definition) enabled video recording but they are also looking for camcorders with more advanced features. To cater to this increasing demand manufacturers are implementing significant changes in professional and personal camcorders. According to 6Wresearch, India Camcorder market registered an annual shipments of more than 100,000 units, registering an increase of around 34% in H2 over H1. Sony led the personal segment whereas, Panasonic dominated the professional Camcorder market.
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