Digital Still Camera Market Report

The global digital still camera market is predicted to expand on the back of certain factors such as increasing requirement of high-resolution and more advanced cameras in sports events and journalistic applications. Advancement in digital camera technology, rising trend of still photography, and growing rate of digitalization could be other crucial factors positively impacting the global digital still camera market. Market experts expect the global digital still camera market to witness continuous launch of new cameras and camera lenses during the forecast period.

In September 2019, Nikon, a Japanese manufacturer of optics and imaging products, announced the development of its new AF-S NIKKOR telephoto zoom lens and the D6 digital single-lens reflex (DSLR) camera.

Important Points to Remember

●  Digital still camera manufacturers to add advanced and innovative features and technologies to appeal to more number of consumers

●   Availability of affordable options to help increase the demand for digital still camera

●  Demand for interchangeable lens camera to propel in the near future

●  North America to show remarkable growth in the global digital still camera market

Low-price Products to Help Digital Still Camera Companies to Improve Sales

Demand for digital still camera is predicted to improve as manufacturers focus on introducing advanced hardware upgrades and capabilities and innovative features. Despite the availability of high-end cameras in smartphones, digital still camera manufacturers are expected to keep consumers interested by providing ease of operation, social connectivity, and more digital services. Previously, some people showed more interest in smartphone camera compared to digital still camera because of the price factor. However, today’s digital still camera manufacturers offer affordable products apart from premium ones, which could work in the favor of the global market.

Manufacturers to Launch More Technologically Sophisticated Features in Future

Some of the top manufacturers operating in the global digital still camera market are Canon, Samsung, Nikon, Sony, Panasonic, Pentax, Casio, Olympus, and Fujifilm. The nature of the competitive landscape could be consolidated as leading players collect a major aggregate share of the global digital still camera market. Digital still camera manufacturers are expected to continue to compete on the basis of key factors such as price. According to market observers, Canon could be among top players of the global digital still camera market. Manufacturers are foreseen to develop new and advanced digital still camera technologies to achieve a competitive position in the global market.

In September 2019, Canon, a Japanese multinational corporation specializing in the manufacture of imaging and optical products, started the development of a remote control solution for interchangeable lens cameras. Applications such as sports coverage could increase the demand for remote operation of cameras for still photography in the coming years.

By Type

●  Interchangeable Lens Cameras (DSLR and MILC)

●  Built-in Lens Cameras (Point-and-shoot)

By End Use

●  Amateur

●  Professional

Market experts forecast interchangeable lens cameras, including DSLR and mirrorless interchangeable-lens cameras, to gain significant shares of the global digital still camera market. Professional photographers are observed to commonly use DSLR cameras because of their high resolution. DSLR cameras are usually priced higher than other types of cameras. The report offers detailed research and analysis of end-use segments such as professional and amateur apart from the product type segments mentioned earlier.

By Region

According to market analysts, North America is foretold to account for a substantial share of the global digital still camera market due to high penetration and consumption of products. The US and Canada could be among important markets for digital still camera in the region. Asia Pacific is anticipated to gain growth as it rides on increasing interest in learning and practicing different types of photography. Presence of multiple regional film industries and the widely popular Bollywood industry in India could positively influence the growth of the digital still camera market in Asia Pacific. Europe is also expected to make important contribution to the global market growth.

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