Digital Photography Market Towering With Fascinating Development To Reach USD 110.79 Billion By 2021

31-Aug-2018 | Zion Market Research

Some of the key players in the digital photography market are Sony, Nikon, Kodak, Canon, Samsung Electronics, and Panasonic. Other well-known vendors comprise Sigma, Casio Computer, Hewlett-Packard, Fujifilm, Leica Camera, Toshiba, Seiko, Ricoh, Epson, Olympus, and others. Nikon and Canon Inc. are dominating the global digital photography market with noteworthy share. The 3D cameras are seen in a few number of camera models such as Olympus, Panasonic, and Sony.

As per the analysts at Zion Market Research, the global demand for digital photography market was capitalized at almost USD 77.66 Billion in 2015 and is likely to cross almost USD 110.79 Billion in 2021, developing at a CAGR of slightly more than 6.1% from 2016 to 2021.

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This review is based on a report by Zion Market Research, titled “Digital Photography Market (Photo Processing Equipment, Interchangeable Lenses, Camera Cell Phones, Non Reflex and Others) for Photography Software, Photo Looks, Photo Processing and Others Applications: Global Industry Perspective, Comprehensive Analysis and Forecast, 2015-2021”- Report at http://www.zionmarketresearch.com/report/digital-photography-market

Development Of Enhanced Photo Sharing And Social Media Sites Such As Facebook And Instagram To Boost The Digital Photography Market In Forecast Period

As per analysts at Zion Market Research, the digital photography market is likely to see rapid development in the coming years due to the development of enhanced photo sharing and social media sites such as Facebook, Instagram, Tumbler, and Pinterest. Services and applications such as adobe photoshop and photo editor are increasing the requirement of digital photography market due to the fact that digital images can be easily printed, displayed, edited, and stored. Digital photography permits users to snap professional quality photos themselves, thereby boosting the development of digital photography market.

Different product launches by market players to attract the users is also claimed to boost the global digital photography market in the years to come. For example, in June 2018, Nikon declared AF-S NIKKOR 500mm f/5.6E PF ED VR portable super-telephoto lens, thereby boosting the global digital photography market.

Various applications of digital photography market are science, business, security surveillance, professional photography, recreation, art, automotive, data storage, photo books, and machine vision. Medical visualization is likely to experience noteworthy development in the digital photography market.

Global-Digital-Photography-Market

Enhanced Spending Capacity Of Users In China And India To Boost The Global Digital Photography Market In Asia Pacific In Years To Come

Traditional cameras provide various drawbacks in comparison to digital cameras. There is always the need to carry number of batteries and photo film while employing traditional cameras. This has been conquered by digital photography since it has a huge storage capacity without of the requirement of film, boosting the digital photography market. Digital photography is different from traditional photography since digital photography can carry out automatic registrations of pictures without the need to develop the film, which is a booting factor for development of digital photography market.

In terms of geography, Asia Pacific attains majority share in the digital photography market owing to enhanced spending capacity of users in China and India. Japanese business is investing intensely in R&D section to improve novelties in digital cameras, boosting the digital photography market.

The global digital photography market is segmented as follows:

By Product

  • Photo processing equipment
  • Interchangeable lenses
  • Camera cell phones
  • Non reflex

By Application 

  • Photography software
  • Photo looks
  • Photo processing
  • Others

By Region

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

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