Digital Photography Market Size, Industry Analysis, Statistics 2030

Digital Photography Market

Digital Photography Market Size - By Product (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, 2020 – 2028

Category: Technology & Media Report Format : PDF Pages: 120 Report Code: ZMR-584 Published Date: Jun-2021 Status : Published
Market Size in 2020 Market Forecast in 2028 CAGR (in %) Base Year
USD 105.2 Billion USD 149.4 Billion 4.4% 2021

Digital Photography Market Size

The global Digital Photography market size was valued at USD 105.2 billion in 2020 and is expected to reach USD 149.4 billion by 2028, growing at a CAGR of around 4.4% between 2021 and 2028.

 

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Digital Photography Market Overview

The market for digital photography is a fast-expanding industry that has significantly altered the method by which we take photographs and distribute them. The progression of technology, the proliferation of social media, and the ever-increasing demand for photographs of a high standard have all served to propel market growth.

The market can be broken down into a number of different submarkets, some of which are digital cameras, lenses, picture editing software, and printing services. The digital camera sector is currently the most important part of the market, and the most often used camera types are mirrorless, compact, and DSLR models.

The market is extremely competitive, with a large number of enterprises offering a diverse selection of goods at a variety of price points. The market is dominated by a number of major players, including Canon, Nikon, Sony, Fujifilm, and Panasonic, among others.

The growing desire among consumers for smartphones equipped with cameras of superior quality is another factor propelling the market growth. Traditional digital camera sales have suffered as a result of the growing reliance that individuals have placed completely on their mobile devices, particularly their smartphones, for all of their photographic needs.

The rise of social media has also had a huge impact on the market, with sites such as Instagram and Snapchat increasing the demand for visually appealing photos. This demand has been significantly impacted by the rise of social media. Because of this, the number of influencers who utilize their photographic abilities to advertise goods and services on social media platforms has increased.

Geographically speaking, the Asia-Pacific region is the most important part of the industry. This is due to the rapidly growing middle class in countries such as China and India, which has fueled the region's economic growth.

As a whole, it is anticipated that the market for digital photography will continue to expand as a result of technological advancements and the rising demand among consumers for high-quality photos for both personal and professional use.

Industry Perspective:

The digital photography market is probably going to ascertain rapid development within the coming years owing to the event of enhanced photo sharing and social media sites like Facebook, Instagram, Tumbler, and Pinterest. Services and applications like adobe photoshop and photo editor are increasing the need for the photography market thanks to the very fact that digital images are often easily printed, displayed, edited, and stored. Photography permits users to snap professional-quality photos themselves, thereby boosting the event of the digital photography market.

The players in the industry are focusing aggressively on innovation, as well as on including advanced technologies. Over the coming years, they are also expected to take up partnerships and mergers, and acquisitions as their key strategy for business development state the Digital Photography market study. Different product launches by market players to draw in users are additionally claimed to spice up the worldwide digital photography market within the years to return. For instance, in June 2018, Nikon declared AF-S NIKKOR 500mm f/5.6E PF ED VR portable super-telephoto lens, thereby boosting the worldwide digital photography market.

Several applications of the Digital photography market are science, business, security surveillance, professional photography, recreation, art, automotive, data storage, photo books, and machine vision. Medical visualization is probably going to experience noteworthy development within the photography market.

COVID-19 Impact Analysis:

The restrictions imposed by various nations to contain COVID have led the organizations to be concerned about the workforce’s welfare, financial stability, and continuity of operations. Certainly, the cancelation or postponing of events has, in turn, impacted the photography industry also, quite a sort of a chain reaction. In additional ways than one, the COVID-19 pandemic has provoked an inventory of changes within the photo industry, and businesses will need to analyze weaknesses and inefficiencies so that they can move forward and generate revenue. For starters, the pandemic put the already declining photography production market in a state of in-depth stress as they're unable to form capital. While other industries like food, catering, and technology are ready to prolong their survival and continue operations, camera manufacturers aren't as fortunate.

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Digital photography Market: Growth Factors

Traditional cameras provide various drawbacks as compared to digital cameras. there's always the necessity to hold several batteries and photo film while employing traditional cameras. This has been conquered by photography since it's an enormous storage capacity without the need for film, boosting the digital photography market. photography is different from traditional photography since photography can perform automatic registrations of images without the necessity to develop the film, which may be a boosting factor for the development of the photography market.

Digital photography Market Report Scope:

Report Attributes Report Details
Report Name Digital Photography Market Research Report
Market Size in 2020 USD 105.2 billion
Market Forecast in 2028 USD 149.4 billion
Compound Annual Growth Rate CAGR of 4.4%
Number of Pages 120
Forecast Units Value (USD Billion), and Volume (Units)
Key Companies Covered 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.
Segments Covered By Product, By Application, And By Region
Regions Covered North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA)
Countries Covered North America: U.S and Canada
Europe: Germany, Italy, Russia, U.K, Spain, France, Rest of Europe
APAC: China, Australia, Japan, India, South Korea, South East Asia, Rest of Asia Pacific
Latin America: Brazil, Argentina, Chile
The Middle East And Africa: South Africa, GCC, Rest of MEA
Base Year 2021
Historical Year 2016 to 2020
Forecast Year 2022 - 2030
Customization Scope Avail customized purchase options to meet your exact research needs. Request For Customization

Segment Analysis Preview  

The digital photography market is often segmented on the idea of application into photo processing, photography software, photo looks, and others.  Based on products, the market is often segregated into camera cell phones, photo processing equipment, interchangeable lenses, and non-reflex.

The digital photography market, particularly photography is predicted to spectacle phenomenal growth in developing markets like India and China due to an upsurge in the earnings capacity of individuals living in these countries. Japanese corporations are expected to spend comprehensively on research and development of high-end camera products to cause new novelties within the photography field.

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For many customers, the advantages of photography overshadow the disadvantages. Some proficient photographers still favor film cameras. Post-processing and editing of raw archives can take longer than 35mm film, shooting in remote sites requires the photographer to hold a variety of batteries, while all cameras may fail, some film camera problems are often worked around, downloading an outsized number of images to a computer are often laborious. It's expected that more professional photographers will switch to photography over the forecast period.

Regional Analysis Preview  

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

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Key Market Players & Competitive Landscape

The report covers a detailed competitive outlook including the market share and company profiles of the key participants operating in the global market

  • Sony
  • Nikon
  • Kodak
  • Canon
  • Samsung Electronics
  • Panasonic

Other well-known vendors comprise 

  • Sigma
  • Casio Computer
  • Hewlett-Packard
  • Fujifilm
  • Leica Camera
  • Toshiba
  • Seiko
  • Ricoh
  • Epson
  • Olympus

Nikon and Canon Inc. are dominating the global digital photography market with a noteworthy share. The 3D cameras are seen in a few camera models such as Olympus, Panasonic, and Sony.

The global Digital Photography Market is segmented as follows:

By Product

  • Photo processing equipment
  • Interchangeable lenses
  • Camera cell phones
  • Nonreflex

By Applications  

  • Photography Software
  • Photo looks
  • Photo processing
  • Others

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

Methodology

Free Analysis

FrequentlyAsked Questions

The global Digital Photography Market was valued at USD 105.2 billion in 2020.

The global Digital Photography Market is expected to reach USD 149.4 billion by 2028, growing at a CAGR of 4.4% between 2021 to 2028.

Increasing applications of photography in numerous fields such as manufacturing, business, science, security surveillance, art, recreation, data storage, professional photography, photo books, automotive, machine vision, and medical visualization are expected to heave immense growth opportunities in the photography market over the forecast period.

Asia-Pacific is predicted to grow at the fastest rate. One of the main factors driving the demand for digital cameras within the region is that the rising trend of photography. Photography has become user-friendly and affordable, which has supported the demand for digital cameras within the region.

Some of the major players in the global Digital Photography market include 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 a noteworthy share.

The term digital photography refers to a type of photography in which digital sensors, rather than traditional photographic film, are used to capture photographs. Light is converted into electrical signals by the digital sensors, which are then processed and saved as digital files on a memory card or another type of storage device. After then, these digital files may be viewed on a screen, printed, or uploaded to a website for others to access. In comparison to conventional film photography, digital photography has a number of distinct advantages.

Because it enables the fast review of images, it enables photographers to view their photographs immediately after capturing them, at which point they can make any necessary edits. Exposure, white balance, and focus are just few of the aspects of an image that may be altered through the use of the various functions and settings that are available on digital cameras. Because digital files can be rapidly and easily uploaded and shared with others, digital photography makes it easy to share photographs online and via social media.

This is another advantage of using digital photography. This has resulted in a democratization of photography, making it possible for more individuals than ever before to take photographs of excellent quality and share them online.

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