Digital Camera Market Size

Global Digital Camera Market size was valued at USD 7.3 Billion in 2023 and is poised to grow from USD 7.64 Billion in 2024 to USD 11.04 Billion by 2032, growing at a CAGR of 4.7% during the forecast period (2025-2032).

Growing demand for content creation, advancements in imaging technologies, high demand for professional photography, growing use in surveillance applications, and expansion of retail infrastructure are driving digital camera demand.

Rise of social media has boosted the demand for content creation, which automatically translates to high sales of digital cameras. Growing emphasis on professional videography and photography coupled with expansion of retail channels are also slated to accelerate the global digital camera market development. Growing participation in travel and tourism activities is also forecasted to have a positive impact on digital camera sales in the future.

On the contrary, competition from advanced smartphone cameras, high costs of professional cameras, steep learning curve for beginners, decline in point-and-shoot camera sales, and to impede the global digital camera market growth across the study period.

How Artificial Intelligence Changing the Way Digital Cameras Work?

Digital cameras are incorporating artificial intelligence (AI) to enhance image quality and user experience. AI-driven features such as scene detection, facial and eye autofocus, subject tracking, and background blur are now standard in many models. Computational photography, once limited to smartphones, is being integrated into high-end cameras, enabling real-time enhancements and better post-processing capabilities. These innovations help bridge the gap between professional gear and ease of use, attracting a broader audience. AI is making photography more intuitive and easier, especially for content creators and amateur photographers.

• In June 2024, SpecialGuestX, a creative technology company collaborated with 1stAveMachine, a global mixed-media production company to launch the first AI-powered movie camera. The CMR-M1 incorporates a FLIR sensor, a Snapdragon CPU, and a viewport. The camera captures real images and uses generative AI Stable Diffusion workflow on cloud to provide output.