India Digital Camera Market Shipment Analysis
India Digital Camera Market registered a decline of -30.57% in value shipments in 2022 as compared to 2021 and an increase of 11.79% CAGR in 2022 over a period of 2017. In Digital Camera Market India is becoming more competitive as the HHI index in 2022 was 2611 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 imports to meet its growing demand in Digital Camera Market.
India is unable to meet its increasing needs of this product with domestic production hence we see the trend is shifting towards import shipment to meet its demand The import factor of Digital Camera Market in 2022 was 53.08 while in 2017 it was 16.49. Viet Nam, China, Thailand, Japan and China, Hong Kong SAR were among the top players of the market in 2022, where Viet Nam acquired the largest market share of 42.12% with a shipment value of 516.03 million USD in 2022 Viet Nam also offered the product below the average market price thus having a competitive advantage over others 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 Digital Camera Market | Country-Wise Share and Competition Analysis
India Digital Camera Market - Export Market Opportunities
Topics Covered in the India Digital Camera Market
India Digital Camera Market report thoroughly covers the market by product. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
India Digital Camera Market Synopsis
India Digital Camera Market is surging in the country at a considerable rate owing to the rising various factors such as increasing income levels of the consumers, rising professional grade image demand, and a rise in the tourism sector in the country. Moreover, the rising adoption of mirrorless cameras over traditional DSLR cameras owing to their compact size and less weight is estimated to be one of the emerging trends in the country which will widen the landscape of the digital camera market in the country tremendously.
According to 6Wresearch, the India Digital Camera Market size is estimated to register a sound growth during 2023-2029. The market has been propelling in the country underpinned by social media platforms that have been gaining momentum where influencers seek high-quality videos & images to monetize their work, this factor burgeons the demand for premium quality cameras. Additionally, manufacturers are investing heavily in the development of innovative camera ranges that provide high performance with better image stabilization systems, this is anticipated to be a great opportunity for the India Digital Camera industry to grow potentially in the coming years. However, increasing replacement of cameras with smartphones due to the integration of advanced functional cameras. Nevertheless, the market still has a huge potential to grow uninterruptedly on account of a rise in the shift towards mirrorless cameras owing to their advanced features similar to DSLRs is estimated to expand the India Digital Camera Market growth in the expected years.
COVID-19 Impact on the India Digital Camera Market
The COVID-19 outburst had a significant impact on the India Digital Camera Market which is a part of the Asia Pacific Digital Camera Market. During the lockdown period, people stayed at home and were socially active on digital platforms which reflected a wide scope for the cameras demand, nevertheless, the strict lockdown measures including, trade restrictions and a decline in product supply affected the product demand and further led to hampered the market growth at a massive rate.
Key Players in the India Digital Camera Market
Certain top key companies are operating considerably in the country by facilitating top-quality camera ranges. Some of the prominent names are listed below:
- Canon specializes in selling top-notch quality advanced technology and premium quality cameras in the country at competitive prices.
- Sony plays a crucial role across the world and has a strong market presence in the country as well. Who facilitates premium ranges of cameras including, mirrorless cameras and DSLRs.
- Olympus is another significant player that provides a wide range of digital cameras such as mirrorless cameras and DSLRs, which offer high-resolution images & videos.
- Panasonic is one of the top leading players in the country, offering a comprehensive range of digital products include, including digital cameras that ensure high performance with better image stabilization systems.
Market Analysis by Product
According to Ravi Bhandari, Research Head, 6Wresearch, the mirrorless cameras contain both built-in lens cameras and interchangeable lens cameras, this segment growth is driven by their compactness and advanced features that appeal to photography professionals.
Key attractiveness of the report
- COVID-19 Impact on the Market.
- 10 Years Market Numbers.
- Historical Data Starting from 2019 to 2022.
- Base Year: 2022.
- Forecast Data until 2029.
- Key Performance Indicators Impacting the Market.
- Major Upcoming Developments and Projects.
Key Highlights of the Report
- India Digital Camera Market Outlook
- Market Size of India Digital Camera Market, 2022
- Forecast of India Digital Camera Market, 2029
- Historical Data and Forecast of India Digital Camera Revenues & Volume for the Period 2019 - 2029
- India Digital Camera Market Trend Evolution
- India Digital Camera Market Drivers and Challenges
- India Digital Camera Price Trends
- India Digital Camera Porter's Five Forces
- India Digital Camera Industry Life Cycle
- Historical Data and Forecast of India Digital Camera Market Revenues & Volume By Product for the Period 2019 - 2029
- Historical Data and Forecast of India Digital Camera Market Revenues & Volume By Built-in Lens Camera for the Period 2019 - 2029
- Historical Data and Forecast of India Digital Camera Market Revenues & Volume By Interchangeable Lens Camera for the Period 2019 - 2029
- Historical Data and Forecast of India Digital Camera Market Revenues & Volume By DSLR for the Period 2019 - 2029
- Historical Data and Forecast of India Digital Camera Market Revenues & Volume By Non-reflex for the Period 2019 - 2029
- India Digital Camera Import Export Trade Statistics
- Market Opportunity Assessment By Product
- India Digital Camera Top Companies Market Share
- India Digital Camera Competitive Benchmarking By Technical and Operational Parameters
- India Digital Camera Company Profiles
- India Digital Camera Key Strategic Recommendations
Market Covered
The report offers a comprehensive study of the subsequent market segments:
By Product
- Built-In Lens Camera
- Interchangeable Lens Camera
- DSLR
- Non-Reflex
India Digital Camera Market: FAQs
Increasing social media platforms that require appealing images and videos and the rising adoption of mirrorless cameras are some drivers driving the India Digital Camera Market growth.
Intense competition from smartphone cameras is a major threat to the India Digital Camera Market growth.
The Interchangeable Lens Cameras (ILCs) product segment is leading in the market by its portability and advanced features that offer high performance.
Increasing manufacturers’ investment in the development of innovative cameras and rising social media influencers are some latest trends that proliferate the India Digital Camera Market growth.
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