Market Forecast By Product (Built-in Lens Camera, Interchangeable Lens Camera, DSLR, Non-reflex) And Competitive Landscape
Product Code: ETC363061 | Publication Date: Aug 2022 | Updated Date: May 2024 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
In the year 2021, China was the largest exporter in terms of value, followed by Japan. It has registered a growth of 6.94% over the previous year. While Japan registered a growth of 15.98% as compared to the previous year. In the year 2017, China was the largest exporter followed by Japan. In terms of the Herfindahl Index, which measures the competitiveness of countries exporting, the USA has a Herfindahl index of 2424 in 2017 which signifies moderately concentrated also in 2021 it registered a Herfindahl index of 1681 which signifies moderately concentrated in the market.
United States (US) 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.
The United States Digital Camera Market is estimated to surge in the country underpinned by the increasing popularity of social media platforms like Instagram and Snapchat, which have increased the need to create visually appealing content to gain followers, this has resulted in an increased need for premium quality cameras. Furthermore, technology advancements have been gaining popularity with the offering of smart features such as Wi-Fi connectivity, touchscreens, and instant content-sharing options, which has increased the adoption of the advanced range digital cameras and this has further resulted in a massive surge in the growth of the United States (US) Digital Camera Market which is a part of the North America Digital Camera market.
According to 6Wresearch, the United States (US) Digital Camera Market size is projected to gain traction during 2023-2029. The market has been propelling in the country driven by various drivers such as an increase in the development of camera technology and rising social media platforms requiring quality video & image content. Additionally, mirrorless cameras are likely to open up the corridors for market expansion on account of their advanced features similar to DSLRs and come in smaller sizes with lightweight options. Moreover, an increase in the number of vloggers and live video streaming activities is proliferating the demand for high-end digital cameras to capture high pixel count images, this is further estimated to surge the growth of the United States Digital Camera industry. However, smartphones are proven a major threat to market growth. Nevertheless, the growing investment in the technological development of cameras is estimated to augment the market growth at a tremendous rate in the coming years.
COVID-19 had an adverse influence on the United States Digital Camera Market growth. The pandemic forced businesses and other retail stores to shut down. Also, various strict measures imposed in the country to stop the transmission of the COVID-19 virus were social distancing, ceased in the product supply which resulted in delayed in product manufacturing and further decreased product demand as population spending on essential items only.
Several measure companies are operating seamlessly in the country and have secured a strong presence with their excellent quality camera ranges.
According to Shivankar, Research Manager, 6Wresearch, the mirrorless cameras encompassing both built-in lens cameras and interchangeable lens cameras, are experiencing prominent growth in the market on account of their significant features like, lightweight and easy to use while maintaining smart functionalities similar to DSLRs.
The report offers a comprehensive study of the subsequent market segments: