GITNUX MARKETDATA REPORT 2024

Digital Camera Industry Statistics

The digital camera industry is expected to grow steadily as advancements in technology drive innovation and consumer demand for high-quality imaging devices.

Highlights: Digital Camera Industry Statistics

  • Global digital camera market was valued at USD 14.6 billion in 2019.
  • Asia Pacific region leads the global digital camera market share, the forecast period is 2020 to 2027.
  • Mirrorless cameras accounted for 23.7% of the global traditional camera shipments in 2018.
  • The global digital camera market might shrink to USD 5.6 billion by 2025.
  • Compact digital cameras market size in 2010 was about 121 million units and reduced to about 9 million in 2019.
  • CAGR (Compound annual growth rate) of the digital SLR camera segment is expected to be 1.1% for the period 2021-2025.
  • The global digital photography market size was valued at USD 77.66 billion in 2015.
  • CAGR of digital photography market from 2016 to 2025 was 6.1%.
  • 52% of professional photographers identify Canon as their primary camera brand.
  • 29% of photographers plan on upgrading their DSLR cameras in the next year.
  • DSLR cameras still make up 61.1% of the total digital camera sales.
  • In 2020, China held the major market share of around 32.2% in the Asia Pacific digital camera market.
  • The digital photography market in the US is projected to reach $10.3 billion in 2021.
  • Canon dominated the Japanese market with a share of 37.3% in 2015.
  • The global professional DSLR market size was USD 3.31 billion in 2020.

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The digital camera industry is one that has seen significant evolution and growth in recent years. By analyzing statistics and trends within this dynamic industry, we can gain insights into consumer preferences, market dynamics, and technological advancements that are shaping the future of photography. In this blog post, we will delve into the latest statistics and data surrounding the digital camera industry to provide a comprehensive overview of its current landscape. Let’s explore the fascinating world of digital cameras through a statistical lens.

The Latest Digital Camera Industry Statistics Explained

Global digital camera market was valued at USD 14.6 billion in 2019.

The statistic indicates that the global digital camera market generated a total revenue of USD 14.6 billion in the year 2019. This valuation represents the overall financial value of digital cameras sold across the world during that time period. It serves as a summary measure of the economic significance and size of the digital camera industry. This figure is important for stakeholders such as manufacturers, retailers, and investors as it provides an insight into the demand and market potential for digital cameras, helping them make informed decisions regarding production, marketing, and investment strategies within this industry.

Asia Pacific region leads the global digital camera market share, the forecast period is 2020 to 2027.

The statistic indicates that the Asia Pacific region currently holds the largest market share in the global digital camera market, and this trend is expected to continue from 2020 to 2027. This suggests that the demand for digital cameras in the Asia Pacific region is significantly higher compared to other regions around the world, leading to a strong presence and dominance in the market. Factors such as rapid technological advancements, increasing disposable income, and a growing interest in photography and social media platforms are likely driving the growth of the digital camera market in the Asia Pacific region during the forecast period, making it a key player in the global market landscape.

Mirrorless cameras accounted for 23.7% of the global traditional camera shipments in 2018.

The statistic suggests that mirrorless cameras made up approximately 23.7% of all traditional camera shipments worldwide in the year 2018. This indicates a significant market share for mirrorless cameras within the traditional camera industry, signaling a growing preference among consumers for this type of camera technology. The data highlights the increasing popularity and adoption of mirrorless cameras as a viable alternative to traditional DSLR cameras, potentially driven by advancements in technology, compact size, and comparable image quality. This shift in market share towards mirrorless cameras may have implications for the future direction of the traditional camera industry and the way consumers interact with photography equipment.

The global digital camera market might shrink to USD 5.6 billion by 2025.

The statistic suggests that the total market value of digital cameras worldwide is projected to decrease to approximately USD 5.6 billion by the year 2025. This decrease indicates a potential decline in demand for digital cameras, likely influenced by factors such as advancements in smartphone camera technology, changing consumer preferences, and shifts in the overall digital imaging industry landscape. The declining market value may also be attributed to market saturation, a trend towards more versatile and high-quality smartphone cameras, and a decrease in standalone digital camera sales. This forecast suggests a need for digital camera manufacturers to reassess their strategies, innovate their products, and adapt to evolving consumer preferences in order to maintain competitiveness in the market.

Compact digital cameras market size in 2010 was about 121 million units and reduced to about 9 million in 2019.

The statistic indicates that the market size of compact digital cameras experienced a significant decline over the span of nine years. Specifically, it shows that the number of units sold dropped from approximately 121 million in 2010 to around 9 million in 2019. This steep reduction highlights a notable shift in consumer preferences and technological advancements within the imaging industry. Factors such as the rise of smartphone photography, offering convenient and increasingly high-quality camera capabilities, are likely contributors to the decline in demand for standalone compact digital cameras. As a result, industry stakeholders may need to adapt their strategies to address this shift in market dynamics.

CAGR (Compound annual growth rate) of the digital SLR camera segment is expected to be 1.1% for the period 2021-2025.

The Compound Annual Growth Rate (CAGR) is a widely used measurement in finance and business to describe the average annual growth rate of an investment over a specific period of time. In the context of the digital SLR camera segment, a CAGR of 1.1% for the period 2021-2025 indicates that the industry is expected to grow at an average rate of 1.1% per year during this time frame. This suggests that while the growth may be relatively modest compared to other industries, there is still anticipated growth in demand for digital SLR cameras over the next five years. It provides a useful benchmark for forecasting and evaluating the performance of the digital SLR camera market segment.

The global digital photography market size was valued at USD 77.66 billion in 2015.

The statistic indicates that the total market value of digital photography worldwide was recorded at USD 77.66 billion in 2015. This figure represents the monetary worth of all digital photography products and services consumed or sold across various regions globally during that year. The valuation encompasses a wide range of digital photography equipment, software, services, and related accessories. This statistic provides insights into the significant economic impact and market demand for digital photography in 2015, reflecting the growing popularity and adoption of digital imaging technologies during that period.

CAGR of digital photography market from 2016 to 2025 was 6.1%.

The Compound Annual Growth Rate (CAGR) of the digital photography market from 2016 to 2025 indicating that on average, the market is expected to grow at a rate of 6.1% each year over that period. CAGR is a useful measure as it provides a single, constant growth rate for a specified time frame, smoothing out the fluctuations that may occur year to year. This statistic suggests that the digital photography market is experiencing steady growth and presents opportunities for businesses operating in this industry. It highlights a positive trend in consumer demand for digital photography products and services, indicating a potentially lucrative market for investors and stakeholders in the years ahead.

52% of professional photographers identify Canon as their primary camera brand.

The statistic “52% of professional photographers identify Canon as their primary camera brand” indicates that more than half of professional photographers prefer Canon cameras over other brands for their photography needs. This finding suggests that Canon has established a strong presence and reputation within the professional photography community, likely due to factors such as product quality, performance, features, and brand loyalty. The statistic highlights Canon’s significant market share and competitive advantage in the professional photography industry, making it a popular choice among this particular group of users.

29% of photographers plan on upgrading their DSLR cameras in the next year.

This statistic indicates that 29% of photographers surveyed have intentions to upgrade their current DSLR cameras to newer models within the upcoming year. This suggests a significant portion of photographers are looking to improve their gear or stay current with advancements in technology. The decision to upgrade could stem from a desire for improved features, better image quality, enhanced performance, or other factors that may contribute to the photographers’ professional or personal goals. This statistic highlights a trend within the photography community towards staying up-to-date with equipment and could potentially impact the market for DSLR cameras in the near future.

DSLR cameras still make up 61.1% of the total digital camera sales.

The statistic “DSLR cameras still make up 61.1% of the total digital camera sales” indicates that despite increasing competition from other types of digital cameras, such as mirrorless and point-and-shoot models, DSLR cameras continue to maintain a significant market share. This suggests that DSLR cameras remain popular among consumers for their advanced features, image quality, and versatility, despite the evolving technology landscape in the digital camera industry. The statistic highlights the enduring appeal and relevance of DSLR cameras in the market, showcasing their continued dominance in sales compared to other types of digital cameras.

In 2020, China held the major market share of around 32.2% in the Asia Pacific digital camera market.

In 2020, China dominated the Asia Pacific digital camera market by holding a significant market share of approximately 32.2%. This statistic indicates that China’s digital camera industry had a strong presence and influence in the region, surpassing other countries in terms of market share. The high market share suggests that Chinese digital camera manufacturers were able to effectively capture the demand for digital cameras in the Asia Pacific region, possibly due to factors like technological advancements, competitive pricing, or effective marketing strategies. This statistic highlights China’s strategic position in the digital camera market in Asia Pacific and underscores its competitive edge in the industry.

The digital photography market in the US is projected to reach $10.3 billion in 2021.

This statistic indicates that the digital photography market in the United States is expected to grow significantly, with projected revenues reaching $10.3 billion in 2021. This suggests a substantial market size driven by factors such as increasing consumer interest in digital photography, advancements in technology, and evolving consumer preferences for high-quality images. The projected growth in the market signifies opportunities for businesses operating in the digital photography industry to capitalize on growing demand and potentially expand their market share. Overall, this statistic highlights a positive outlook for the digital photography sector in the US for the year 2021.

Canon dominated the Japanese market with a share of 37.3% in 2015.

The statistic states that in 2015, Canon held a dominant position in the Japanese market with a market share of 37.3%. This means that just over a third of all sales in the Japanese market for whatever product or industry Canon operates in were attributed to Canon. This high market share indicates that Canon was the leading brand in Japan at that time, outperforming its competitors in terms of sales and market penetration. This level of market dominance suggests that Canon was likely a trusted and preferred brand among consumers in Japan during that time period.

The global professional DSLR market size was USD 3.31 billion in 2020.

The statistic “The global professional DSLR market size was USD 3.31 billion in 2020” indicates the total revenue generated from sales of high-end digital single-lens reflex (DSLR) cameras within the professional photography industry worldwide during the year 2020. This figure serves as a quantitative measure of the market’s value and provides insight into the scale and economic significance of professional-grade DSLR cameras in the photography equipment sector. The data point highlights the substantial financial impact of professional DSLR camera sales on the global market and underscores the continued demand for high-quality imaging technology among professional photographers and enthusiasts.

References

0. – https://www.www.technavio.com

1. – https://www.www.statista.com

2. – https://www.petapixel.com

3. – https://www.www.grandviewresearch.com

4. – https://www.www.globenewswire.com

5. – https://www.www.globalmarketmonitor.com

6. – https://www.www.fortunebusinessinsights.com

7. – https://www.nikkei225jp.com

8. – https://www.www.bccresearch.com

How we write our statistic reports:

We have not conducted any studies ourselves. Our article provides a summary of all the statistics and studies available at the time of writing. We are solely presenting a summary, not expressing our own opinion. We have collected all statistics within our internal database. In some cases, we use Artificial Intelligence for formulating the statistics. The articles are updated regularly.

See our Editorial Process.

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