Market Forecast By Type (Digital Single Lens Reflex (DSLR), Mirrorless, Compact ), By Distribution Channel (Online, Offline), By Application (Personal , Commercial , Education & Research Institutes, Media & Entertainment, Underwater Sports, Commercial Photography, Underwater Research) And Competitive Landscape
Product Code: ETC370111 | Publication Date: Nov 2022 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Sri Lanka Underwater Camera Market is expected to grow at a tremendous rate during the forecast period on the back of growing popularity of water sports, such as surfing, diving, and snorkelling. Also, the increasing popularity of social media platforms, such as YouTube and Instagram, has also led to a rise in the demand for Sri Lanka Underwater Camera Industry as people share their experiences and photos online. However, the high cost of underwater cameras is a major challenge for the growth of the market. Additionally, the lack of awareness about underwater photography among consumers is another factor impeding market growth.
Underwater photography is challenging that requires specialized equipment. The most important piece of gear for an underwater photographer is a good quality camera, which can capture the beauty of the underwater world. One of the main challenges is the lack of awareness about underwater photography among the general public. Most people are not aware of the fact that they can take amazing pictures under water with the help of an underwater camera. Moreover, these cameras are not cheap and most people cannot afford them which hampers the Sri Lanka Underwater Camera Market Growth.
According to 6Wresearch, Sri Lanka Underwater Camera Market is expected to grow during 2022-2028. The Asia Pacific Underwater Camera Market is anticipated growth attributed to the growing popularity of water sports and adventurous activities among the people, as well as the increasing disposable incomes of individuals. Moreover, the development of infrastructure for water sports is another factor that is expected to contribute to the Bangladesh Sri Lanka Underwater Camera Market share. However, the high cost of these cameras and the lack of awareness about them are some of the factors that are expected to restraint market growth.
On the contrary, the increasing tourism industry and the need for better security in the country. The government is also encouraging the use of latest technologies in the country, which is expected to fuel the demand for underwater cameras in Sri Lanka.
The impact of COVID-19 on Sri Lanka Underwater Camera Market is negative owing to the restrictions imposed on outside movement and lockdown measures hampered the growth of this market. Also, the outbreak has disrupted the supply chains and halted the production of cameras to a great extent. Moreover, lack of manpower and fear of getting infected are the factors restrained the Sri Lanka Underwater Camera Market size to expand during the pandemic.
By type, market is segmented into Digital Single Lens Reflex (DSLR), Mirrorless, and Compact. The Digital Single Lens Reflex (DSLR) segment held the largest market share during the forecast period. There are many different types of underwater cameras available in the market, from compact point-and-shoot cameras to high-end DSLRs. The choice of camera will depend on your budget and your level of experience. For beginners, a point-and-shoot camera or action camera will be sufficient. More experienced photographers may prefer a DSLR or mirrorless camera for greater control over their images.
Based on distribution channel, market is segmented into online and offline. The offline segment is expected to held the largest share as more and more consumers are preferring visiting offline stores to buy gadgets to ensure guaranteed products.
The Sri Lanka Underwater Camera Market is segmented into Personal, Commercial, Education & Research Institutes, Media & Entertainment, Underwater Sports, Commercial Photography, and Underwater Research.
The report offers a comprehensive study of the subsequent market segments: