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Digital Photography Market - Global Industry Analysis

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, 2020 – 2028

Published Date: 07-Jun-2021 Category: Technology & Media Report Format : PDF Pages: 120 Report Code: ZMR-584 Status : Published

The global Digital Photography market accounted for 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.

Description

Market Overview      

The global Digital Photography market accounted for 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.    

The 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 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 the users is additionally claimed to spice up the worldwide 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 photography market.

Several applications of 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 concern 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.

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 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.

Report Scope:  

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Segment Analysis Preview  

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

The 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.

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 within the 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 photography market.

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 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 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
  • Non reflex

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

  • Chapter No. 1 Introduction
    • 1.1. Report Description
      • 1.1.1. Purpose of the Report
      • 1.1.2. USP & Key Offerings
    • 1.2. Key Benefits for Stakehulders
    • 1.3. Target Audience
    • 1.4. Report Scope
  • Chapter No. 2 Executive Summary
    • 2.1. Key Findings
      • 2.1.1. Top Investment Pockets
        • 2.1.1.1. Market Attractiveness Analysis, By Product
        • 2.1.1.2. Market Attractiveness Analysis, By Application
        • 2.1.1.3. Market Attractiveness Analysis, By Region
    • 2.2. Market Snapshot
    • 2.3. Global Digital Photography Market, 2016 – 2028 (USD Billion)
    • 2.4. Insights from Primary Respondents
  • Chapter No. 3 COVID 19 Impact Analysis
    • 3.1. Impact Assessment of COVID-19 Pandemic, By Region
      • 3.1.1. North America
      • 3.1.2. Europe
      • 3.1.3. Asia Pacific
      • 3.1.4. Latin America
      • 3.1.5. The Middle-East and Africa
    • 3.2. Quarterly Market Revenue and Forecast by Region 2020 & 2021
    • 3.3. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Billion)
    • 3.4. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Billion)
    • 3.5. Key Strategies Undertaken by Companies to Tackle COVID-19
      • 3.5.1. Company Quarterly Revenue Analysis, 2019 & 2020
    • 3.6. Short Term Dynamics
    • 3.7. Long Term Dynamics
  • Chapter No. 4 Digital Photography Market – Product Segment Analysis
    • 4.1. Overview
      • 4.1.1. Market Revenue Share, By Product, 2020 & 2028
    • 4.2. Photo Processing Equipment
      • 4.2.1. Market Size and Forecast, By Region (USD Billion)
      • 4.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.3. Interchangeable Lenses
      • 4.3.1. Market Size and Forecast, By Region (USD Billion)
      • 4.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.3.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.4. Camera Cell Phones
      • 4.4.1. Market Size and Forecast, By Region (USD Billion)
      • 4.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.4.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.5. Non Reflex
      • 4.4.1. Market Size and Forecast, By Region (USD Billion)
      • 4.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.4.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No. 5 Digital Photography Market – Application Segment Analysis
    • 5.1. Overview
      • 5.1.1. Market Revenue Share, By Application, 2020 & 2028
    • 5.2. Photography Software
      • 5.2.1. Market Size and Forecast, By Region (USD Billion)
      • 5.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.3. Photo looks
      • 5.3.1. Market Size and Forecast, By Region (USD Billion)
      • 5.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.3.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.4. Photo processing
      • 5.4.1. Market Size and Forecast, By Region (USD Billion)
      • 5.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.4.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.5. Others
      • 5.5.1. Market Size and Forecast, By Region (USD Billion)
      • 5.5.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.5.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No. 6 Digital Photography Market – Region Segment Analysis
    • 6.1. Overview
      • 6.1.1. Global Market Revenue Share, By Region, 2020 & 2028
      • 6.1.2. Global Market Revenue, By Region, 2016 – 2028 (USD Billion)
    • 6.2. North America
      • 6.2.1. North America Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 6.2.2. North America Market Revenue, By Product, 2016 – 2028
      • 6.2.3. North America Market Revenue, By Application, 2016 – 2028
      • 6.2.5. U.S.
        • 6.2.5.1. U.S. Market Revenue, By Product, 2016 – 2028
        • 6.2.5.2. U.S. Market Revenue, By Application, 2016 – 2028
      • 6.2.6. Canada
        • 6.2.6.1. Canada Market Revenue, By Product, 2016 – 2028
        • 6.2.6.2. Canada Market Revenue, By Application, 2016 – 2028
      • 6.2.7. Mexico
        • 6.2.7.1. Mexico Market Revenue, By Product, 2016 – 2028
        • 6.2.7.2. Mexico Market Revenue, By Application, 2016 – 2028
    • 6.3. Europe
      • 6.3.1. Europe Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 6.3.2. Europe Market Revenue, By Product, 2016 – 2028
      • 6.3.3. Europe Market Revenue, By Application, 2016 – 2028
      • 6.3.5. Germany
        • 6.3.5.1. Germany Market Revenue, By Product, 2016 – 2028
        • 6.3.5.2. Germany Market Revenue, By Application, 2016 – 2028
      • 6.3.6. France
        • 6.3.6.1. France Market Revenue, By Product, 2016 – 2028
        • 6.3.6.2. France Market Revenue, By Application, 2016 – 2028
      • 6.3.7. U.K.
        • 6.3.7.1. U.K. Market Revenue, By Product, 2016 – 2028
        • 6.3.7.2. U.K. Market Revenue, By Application, 2016 – 2028
      • 6.3.8. Italy
        • 6.3.8.1. Italy Market Revenue, By Product, 2016 – 2028
        • 6.3.8.2. Italy Market Revenue, By Application, 2016 – 2028
      • 6.3.9. Spain
        • 6.3.9.1. Spain Market Revenue, By Product, 2016 – 2028
        • 6.3.9.2. Spain Market Revenue, By Application, 2016 – 2028
      • 6.3.10. Rest of Europe
        • 6.3.10.1. Rest of Europe Market Revenue, By Product, 2016 – 2028
        • 6.3.10.2. Rest of Europe Market Revenue, By Application, 2016 – 2028
    • 6.4. Asia Pacific
      • 6.4.1. Asia Pacific Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 6.4.2. Asia Pacific Market Revenue, By Product, 2016 – 2028
      • 6.4.3. Asia Pacific Market Revenue, By Application, 2016 – 2028
      • 6.4.5. China
        • 6.4.5.1. China Market Revenue, By Product, 2016 – 2028
        • 6.4.5.2. China Market Revenue, By Application, 2016 – 2028
      • 6.4.6. Japan
        • 6.4.6.1. Japan Market Revenue, By Product, 2016 – 2028
        • 6.4.6.2. Japan Market Revenue, By Application, 2016 – 2028
      • 6.4.7. India
        • 6.4.7.1. India Market Revenue, By Product, 2016 – 2028
        • 6.4.7.2. India Market Revenue, By Application, 2016 – 2028
      • 6.4.8. South Korea
        • 6.4.8.1. South Korea Market Revenue, By Product, 2016 – 2028
        • 6.4.8.2. South Korea Market Revenue, By Application, 2016 – 2028
      • 6.4.9. South-East Asia
        • 6.4.9.1. South-East Asia Market Revenue, By Product, 2016 – 2028
        • 6.4.9.2. South-East Asia Market Revenue, By Application, 2016 – 2028
      • 6.4.10. Rest of Asia Pacific
        • 6.4.10.1. Rest of Asia Pacific Market Revenue, By Product, 2016 – 2028
        • 6.4.10.2. Rest of Asia Pacific Market Revenue, By Application, 2016 – 2028
    • 6.5. Latin America
      • 6.5.1. Latin America Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 6.5.2. Latin America Market Revenue, By Product, 2016 – 2028
      • 6.5.3. Latin America Market Revenue, By Application, 2016 – 2028
      • 6.5.5. Brazil
        • 6.5.5.1. Brazil Market Revenue, By Product, 2016 – 2028
        • 6.5.5.2. Brazil Market Revenue, By Application, 2016 – 2028
      • 6.5.6. Argentina
        • 6.5.6.1. Argentina Market Revenue, By Product, 2016 – 2028
        • 6.5.6.2. Argentina Market Revenue, By Application, 2016 – 2028
      • 6.5.7. Rest of Latin America
        • 6.5.7.1. Rest of Latin America Market Revenue, By Product, 2016 – 2028
        • 6.5.7.2. Rest of Latin America Market Revenue, By Application, 2016 – 2028
    • 6.6. The Middle-East and Africa
      • 6.6.1. The Middle-East and Africa Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 6.6.2. The Middle-East and Africa Market Revenue, By Product, 2016 – 2028
      • 6.6.3. The Middle-East and Africa Market Revenue, By Application, 2016 – 2028
      • 6.6.5. GCC Countries
        • 6.6.5.1. GCC Countries Market Revenue, By Product, 2016 – 2028
        • 6.6.5.2. GCC Countries Market Revenue, By Application, 2016 – 2028
      • 6.6.6. South Africa
        • 6.6.6.1. South Africa Market Revenue, By Product, 2016 – 2028
        • 6.6.6.2. South Africa Market Revenue, By Application, 2016 – 2028
      • 6.6.7. Rest of Middle-East Africa
        • 6.6.7.1. Rest of Middle-East Africa Market Revenue, By Product, 2016 – 2028
        • 6.6.7.2. Rest of Middle-East Africa Market Revenue, By Application, 2016 – 2028
  • Chapter No. 7: Digital Photography Market – Industry Analysis
    • 7.1. Introduction
    • 7.2. Market Drivers
      • 7.2.1. Driving Factor 1 Analysis
      • 7.2.2. Driving Factor 2 Analysis
    • 7.3. Market Restraints
      • 7.3.1. Restraining Factor Analysis
    • 7.4. Market Opportunities
      • 7.4.1. Market Opportunity Analysis
    • 7.5. Porter’s Five Forces Analysis
    • 7.6. PEST Analysis
    • 7.7. Regulatory Landscape
    • 7.8. Type Landscape
    • 7.9. Regional Market Trends
      • 7.9.1. North America
      • 7.9.2. Europe
      • 7.9.3. Asia Pacific
      • 7.9.4. Latin America
      • 7.9.5. The Middle-East and Africa
    • 7.10. Pricing Analysis
    • 7.11. Value Chain Analysis
    • 7.12. Downstream Buyers
    • 7.13. Distributors/Traders List
  • Chapter No. 8: Competitive Landscape
    • 8.1. Company Market Share Analysis – 2019
      • 8.1.1. Global Digital Photography Market: Company Market Share, 2019
      • 8.1.2. Global Digital Photography Market, Company Market Revenue, 2016 – 2019 (USD Billion)
      • 8.1.3. Global Digital Photography Market, Company Y-o-Y Growth, 2017 – 2019 (%)
      • 8.1.4. Global Digital Photography Market: Radar Determinant Chart, 2019
    • 8.2. Strategic Developments
      • 8.2.1. Acquisitions & Mergers
      • 8.2.2. New Product Launch
      • 8.2.3. Regional Expansion
    • 8.3. Company Strategic Developments – Heat Map Analysis
  • Chapter No. 9: Company Profiles
    • 9.1. Sony
      • 9.1.1. Company Overview
      • 9.1.2. Key Executives
      • 9.1.3. Product Portfolio
      • 9.1.4. Financial Overview
      • 9.1.5. Operating Business Segments
      • 9.1.6. Business Performance
      • 9.1.7. Recent Developments
    • 9.2. Sony
    • 9.3 Nikon
    • 9.4 Kodak
    • 9.5 Canon
    • 9.6 Samsung Electronics
    • 9.7 Panasonic
    • 9.8 Sigma
    • 9.9 Casio Computer
    • 9.10 Hewlett-Packard
  • Chapter No. 10: Marketing Strategy Analysis
    • 10.1. Marketing Channel
    • 10.2. Direct Marketing
    • 10.3. Indirect Marketing
    • 10.4. Marketing Channel Development Trends
    • 10.5. Economic/Pulitical Environmental Change
  • Chapter No. 11: Research Methodology
    • 11.1. Research Methodology
    • 11.2. Phase I - Secondary Research
    • 11.3. Phase II - Data Modeling
      • 11.3.1. Company Share Analysis Model
      • 11.3.2. Revenue Based Modeling
    • 11.4. Phase III - Primary Research
    • 11.5. Research Limitations
      • 11.5.1. Assumptions

List of Figures 

FIG NO. 1. Market Attractiveness Analysis, By Product
FIG NO. 2. Market Attractiveness Analysis, By Application
FIG NO. 3. Market Attractiveness Analysis, By Region
FIG NO. 4. Global Digital Photography Market Revenue, 2016 – 2028 (USD Billion)
FIG NO. 5. Impact of COVID-19 Pandemic in North America Countries
FIG NO. 6. Market Revenue Share, By Product, 2020 & 2028 
FIG NO. 7. Global Digital Photography Market for Photo Processing Equipment, Revenue (USD Billion) 2016 – 2028
FIG NO. 8. Comparative Revenue Analysis of Digital Photography Market for Photo Processing Equipment, By Country, 2020 & 2028
FIG NO. 9. Global Digital Photography Market for Interchangeable lenses, Revenue (USD Billion) 2016 – 2028
FIG NO. 10. Comparative Revenue Analysis of Digital Photography Market for Interchangeable lenses, By Country, 2020 & 2028
FIG NO. 11. Global Digital Photography Market for Camera Cell Phones, Revenue (USD Billion) 2016 – 2028
FIG NO. 12. Comparative Revenue Analysis of Digital Photography Market for Camera Cell phones, By Country, 2020 & 2028
FIG NO. 13. Global Digital Photography Market for Non Reflex, Revenue (USD Billion) 2016 – 2028
FIG NO. 14. Comparative Revenue Analysis of Digital Photography Market for Non Reflex, By Country, 2020 & 2028
FIG NO. 15. Market Revenue Share, By Application, 2020 & 2028
FIG NO. 16. Global Digital Photography Market for Photography Software, Revenue (USD Billion) 2016 – 2028
FIG NO. 17. Comparative Revenue Analysis of Digital Photography Market for Photography Software, By Country, 2020 & 2028 
FIG NO. 18. Global Digital Photography Market for Photo looks, Revenue (USD Billion) 2016 – 2028
FIG NO. 19. Comparative Revenue Analysis of Digital Photography Market for Photo looks, By Country, 2020 & 2028
FIG NO. 20. Global Digital Photography Market for Photo processing, Revenue (USD Billion) 2016 – 2028 
FIG NO. 21. Comparative Revenue Analysis of Digital Photography Market for Photo processing, By Country, 2020 & 2028
FIG NO. 22. Global Digital Photography Market for Others, Revenue (USD Billion) 2016 – 2028
FIG NO. 23. Comparative Revenue Analysis of Digital Photography Market for Others, By Country, 2020 & 2028
FIG NO. 24. Global Digital Photography Market Revenue Share, By Region, 2020 & 2028
FIG NO. 25. North America Digital Photography Market Revenue, 2016 - 2028 (USD Billion)
FIG NO. 26. Porter’s Five Forces Analysis for Global Digital Photography Market
FIG NO. 27. PEST Analysis for Global Digital Photography Market
FIG NO. 28. Pricing Analysis for Global Digital Photography Market
FIG NO. 29. Value Chain Analysis for Global Digital Photography Market
FIG NO. 30. Company Share Analysis, 2019
FIG NO. 31. Radar Determinant Chart, 2019
FIG NO. 32. Company Strategic Developments – Heat Map Analysis
FIG NO. 33. Boeing Company Business Segment Revenue Share, 2020 (%)
FIG NO. 34. Boeing Company Geographical Segment Revenue Share, 2020 (%)
FIG NO. 35. Market Channels
FIG NO. 36. Marketing Channel Development Trend
FIG NO. 37. Growth in World Gross Product, 2008-2018
FIG NO. 38. Research Methodology – Detailed View
FIG NO. 39. Research Methodology


List of Tables 

TABLE NO. 1. Global Digital Photography Market: Snapshot
TABLE NO. 2. Quarterly Digital Photography Market Revenue by Region, 2020
TABLE NO. 3. Quarterly Digital Photography Market Revenue Forecast by Region, 2021
TABLE NO. 4. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Billion) 
TABLE NO. 5. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Billion) 
TABLE NO. 6. Global Digital Photography Market for Photo Processing Equipment, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 7. Global Digital Photography Market for Interchangeable lenses, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 8. Global Digital Photography Market for Camera Cell Phones, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 9. Global Digital Photography Market for Non Reflex, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 10: Global Digital Photography Market for Photography Software, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 11: Global Digital Photography Market for Photo looks, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 12. Global Digital Photography Market for Photo processing, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 13. Global Digital Photography Market for Others, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 14. Global Digital Photography Market Revenue, By Region, 2016 – 2028 (USD Billion)
TABLE NO. 15. North America Digital Photography Market Revenue, By Country, 2016 – 2028 (USD Billion)
TABLE NO. 16. North America Digital Photography Market Revenue, By Product, 2016 – 2028 (USD Billion)
TABLE NO. 17. North America Digital Photography Market Revenue, By Application, 2016 – 2028 (USD Billion)
TABLE NO. 18. U.S. Digital Photography Market Revenue, By Product, 2016 – 2028 (USD Billion)
TABLE NO. 19. U.S. Digital Photography Market Revenue, By Application, 2016 – 2028 (USD Billion)
TABLE NO. 20. Canada Digital Photography Market Revenue, By Product, 2016 – 2028 (USD Billion)
TABLE NO. 21. Canada Digital Photography Market Revenue, By Application, 2016 – 2028 (USD Billion)
TABLE NO. 22. Mexico Digital Photography Market Revenue, By Product, 2016 – 2028 (USD Billion)
TABLE NO. 23. Mexico Digital Photography Market Revenue, By Application, 2016 – 2028 (USD Billion)
TABLE NO. 24. Drivers for the Digital Photography Market: Impact Analysis
TABLE NO. 25. Restraints for the Digital Photography Market: Impact Analysis
TABLE NO. 26. Major Buyers of Digital Photography
TABLE NO. 27. Distributors/Traders List of Digital Photography
TABLE NO. 28. Global Digital Photography Market, Company Market Revenue, 2016 – 2019 (USD Billion)
TABLE NO. 29: Global Digital Photography Market, Company Y-o-Y Growth, 2017 – 2019 (USD Billion)   

Methodology

This report is based on in-depth qualitative and quantitative analyses of the global Digital Photography market. Zion Research has collected and analyzed key data belong to the global Digital Photography market using a variety of methods. Quantitative analysis has been done following various projection and sampling techniques.

The qualitative analysis involved primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes were validated through experts' opinions. The market dynamics have been determined after conducting a detailed study of the micro and macroeconomic indicators of the market.

Various parameters have been taken into account while estimating market size. The revenue generated by the leading industry participants in from the sales of Digital Photography across the world has been calculated through primary and secondary research.

Zion Research employs the combination of secondary research followed by extensive primary research. Under secondary research, we refer to prominent paid as well as open access data sources including product literature, company annual reports, government publications, press releases, industry association’s magazines and other relevant sources for data collection. Other prominent secondary sources include STATISTA, trade journals, trade associations, statistical data from government websites, etc. 

For this study, Zion Research has conducted all-encompassing primary research with key industry participants to collect first had data. Moreover, in-depth interviews with key opinion leaders also assisted in the validation of findings from secondary research and to understand key trends in the Digital Photography industry. Primary research makes up the major source of data collection and validation.   

Primary Research

We conduct primary interviews with industry participants and commentators on an ongoing basis to validate data and analysis. A typical research interview fulfills the following functions:

  • Provides firsthand information on market size, market trends, growth trends, competitive landscape, outlook, etc.
  • Helps in validating and strengthening the secondary research findings
  • Further, develops the analysis team’s expertise and market understanding
  • Primary research involves e-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

Participants who typically participate in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts and research analysts specializing in specific markets

Key opinion leaders specializing in different areas corresponding to different industry verticals

Secondary Research

Secondary research sources that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • IDC and other relevant magazines
  • Internal and external proprietary databases, and relevant patent and regulatory databases
  • National government documents, statistical databases and market reports

News articles, press releases and webcasts specific to companies operating in the market

Following a comprehensive secondary and primary research and insights thus gathered, analysts at Zion Research have provided an in-depth analysis of various aspects of the Digital Photography market.

Models

Where no hard data is available, we use models and estimates to produce comprehensive data sets. A rigorous methodology is adopted, wherein the available hard data is cross-referenced with the following data types to produce estimates:

  • Demographic data: Population split by segments
  • Macroeconomic indicators: GDP, PPP, Per Capita Income, etc.
  • Industry indicators: Expenditure, technology stage and infrastructure, sector growth and facilities
  • Data is then cross-checked by an expert panel.

Free Analysis

Digital photography uses cameras with the electronic photodetector to capture the images. Digital photographs are created by computer-based mechanical and photoelectric technique without using wet bath chemical process. Therefore, professional quality images can be delivered to consumers.Digital photography industry is experiencing tremendous changes as digital cameras and post production technology are affecting the operatives.

The declining price of low-end digital cameras is the major growth driver of the digital photography market. Digital camera was introduced in 2003 since the then price of digital cameras is decreasing steadily. Growing trend of photography in photo sharing sites and networking sites are giving tremendous opportunity to upsurge the demand of digital photography. Demand for interchangeable-lens cameras with technological advancement like Wi-Fi enabled cameras are expected to gain traction in the digital photography market.  However, good quality in smartphones cameras is becoming the challenge for digital photography market. Elongated product substitution cycle limiting the proceeds from novel patrons is hampering the market growth. To overcome this restraint customer has to pay the significant amount to buy the sophisticated camera.

Global-Digital-Photography-Market

Traditional cameras require photo film of longer than 35 mm. Previously, when the shooting was in remote sites it was mandatory to carry a number of batteries with photographer and downloading that images in the computer may be laborious. Hence, professional photographers are switching to digital cameras which would lead the significant growth of the market over the forecast period.

The purchasing power of consumer has affected adversely in U.S. due to the recession. Therefore, vendor introduced less expensive cameras in the market which lead to a large number of consumers with low purchasing power in developing countries compared to developed countries.

Digital photography has different applications such as photography software, photo looks, photo processing and other applications. Other applications include business, recreation, science, security surveillance, art, data storage, professional photography, machine vision, photo books, automotive, and medical visualization etc. The niche markets such as sports, events, church directory photography are escalating the demand of digital photography across the globe.

Vendors are continuously investing in R&D section to improve sales of digital photography products. They are introducing new cameras with attractive features like inbuilt Wi-Fi, smartphone, 3G SIM card slots, Bluetooth, direct interface with social networking sites and email, tablet-style interfaces, and Android operating systems to run all applications on digital cameras.

Geographically, Asia Pacific gain majority share in the digital photography market due to improving spending capacity of consumers in India and China. Japanese corporation is spending heavily in R&D section to enhance novelties in digital cameras.

Key players of this market are Nikon, Sony, Canon, Kodak, Panasonic, Samsung Electronics and the another prominent vendor are Casio Computer, Sigma, Fujifilm, Hewlett-Packard, Toshiba, Leica Camera, Ricoh, Seiko, Olympus, Epson, and others. Canon Inc. and Nikon are leading the digital photography market with the majority share.

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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.

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