USD 105.2 billion
Global Digital Photography Market Size, Share, Growth Analysis, By Type(Photo Processing Equipment, Interchangeable Lenses), By Application(Photography Software, Photo Looks) - Industry Forecast 2024-2031
Report ID:
SQMIG25E2119 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
66 |
Figures:
75
Global Digital Photography Market Insights
Digital Photography Market size was valued at USD 105.2 billion in 2019 and is poised to grow from USD 109.83 billion in 2023 to USD 161.82 billion by 2031, growing at a CAGR of 4.4% in the forecast period (2024-2031).
The emergence of social networking sites like Facebook, Instagram, Tumblr, and Pinterest has been a major factor in the growth of the global digital photography market. The market for digital photography has developed as a result of the rise in popularity of social networking and the practise of sharing photographs across numerous platforms. The rising demand for digital photography has also been supported by programmes and services like picture editors like Adobe Photoshop.
While the modifications help photographers by enhancing their efficiency and convenience, consumers can now shoot photos of a professional calibre without the help of a pro. With the gradual impact of digital cameras and post-production technologies on the workforce, the photography industry has seen a number of changes. To meet industry need and drive market expansion, fans concentrate on niche areas like sports, events, and church directories. Digital media has transformed the worlds of blogging, networking, photo sharing, and photography, generating enormous revenue for the relevant market. Internet usage is predicted to become a compulsive addiction among young people, propelling the business forward.
Over the next seven years, it is anticipated that growing interest in photography as a pastime and networking sites that offer high-quality images will boost the industry. Another factor projected to contribute to the market's growth is rising smartphone penetration. Over the forecast period, the photography market is anticipated to experience significant growth due to the proliferation of photography's applications in a variety of industries, including manufacturing (photolithography), business, science, security surveillance, art, recreation, data storage, professional photography, photo books, automotive, machine vision, and medical visualisation. The market for digital photography is predicted to increase as a result of a growing number of sensor manufacturers, improved performance delivery brought on by the rapid technical change to CMOS sensors, and the expansion of production facilities in the Asia Pacific area.
US Digital Photography Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Interchangeable Lenses
Fastest Growth
Interchangeable Lenses
Growth Rate
4.4% CAGR
Global Digital photography Market 2022-2028 ($ Bn)
Country Share for North America Region- 2021 (%)
Global Digital photography Market Size by Type, 2022-2028 ($ Bn)
Global Digital photography Market Size by Type, 2022-2028 (%)
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Global Digital Photography Market Segmental Analysis
The Global Digital Photography Market is segmented based on Type, Application, and Region. Based on the Type, the Global Digital photography Market is segmented as Photo Processing Equipment, Interchangeable Lenses, Camera Cell Phones, Non-Reflex, and Others. Based on the Application, the global digital photography market is segmented as Photography Software, Photo Looks, Photo Processing, and Others. Based on Region it is categorized into North America, Europe, Asia-Pacific, South America, and MEA.
Digital Photography Market Analysis by Type
In 2022, the camera cell phones segment dominated the global digital photography market, accounting for a major portion of total market revenue. The innovations in the smartphone market, new products being launched, and increasing demand for them has resulted in wider scope for camera cell phone segment development. On the other hand, demand for DSLRs with interchangeable lenses has been growing rapidly as they are replacing traditional cameras in professional video and photo-shootings and more and more individuals focus on delivering high-quality content on their social media and video broadcasting channels.
Digital Photography Market Analysis by Application
Digital photography finds applications in several industries such as medical, surgery, automobiles, and manufacturing, which has increased the demand for the market. In 2022, photography software and photography processing segments dominated the global digital photography market. As more sophisticated social networking and photo-sharing websites, including Instagram, Facebook, Pinterest, and Tumbler, have grown in popularity. Because digital images can be seen, reproduced, stored, and modified with ease, software, and services like photo editor and Adobe Photoshop are driving up demand for the digital photography business. Consumers may take their own professional-quality images thanks to global digital photography market.
Global Digital photography Market Share By Type, 2021 (%), 2023 (%)
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Global Digital Photography Market Regional Insights
Around the world, global digital photography market is opening up fresh and significant prospects. Due to the growing popularity of photography on networking and photo-sharing websites, Asia Pacific now holds the largest share of the global market for digital photography, with North America following up closely. This has a fantastic potential to increase demand for global digital photography market. Due to the region's expanding economies, including those of China, Japan, South Korea, and India, among others, Asia Pacific is predicted to have the quickest rate of growth in the regional market for digital photography. The global digital photography market is expanding as a result of the area's quick economic development, rising citizen prosperity, and accessible communications services. The need for digital photography will increase over the coming years due to technological improvements and various photography applications. The increased need for replacements is expected to help the digital photography industry in developed regions like North America and Europe. The most recent interchangeable lens cameras are taking the place of the compact built-in lens cameras that consumers in these areas were using.
Global Digital photography Market By Region, 2021 - 2028, 2024-2031
- Largest
- Fastest
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Global Digital Photography Market Dynamics
Digital Photography Market Driver
Rapid Growth in the Demand for High-Resolution Still Cameras due to Internet and social media
- Rapid Growth in the Demand for High-Resolution Still Cameras: Digital cameras are now widely used in the entertainment, media, and sports industries in addition to for personal and professional photography. One of the biggest and wealthiest sectors of the worldwide entertainment business is the film sector. Additionally, social media platforms like Instagram have significantly broadened the possibilities for photography, which is projected to spur the global digital photography market.
- Popularity of computational photography in smartphone cameras: Following the global COVID-19 pandemic and fast 5G penetration in inexpensive smartphones, mobile camera characteristics continue to advance with the rising adoption of high-resolution and large-area image sensors in both rear and front cameras. This has aided in raising the market's demand for digital photography.
- Internet and social media: The rise of the industry is primarily being driven by the rising number of young people who have easy access to the Internet and the growing popularity of photography among young people worldwide. Another important element predicted to contribute to the global digital photography markets growth is the rising number of smartphone users and their expanding access to social networking sites for picture posting.
Digital Photography Market Restraint
High expenses coupled with competition from lens on rent market
- High expenses: The high cost of digital cameras and the need for expert skills to operate devices are major impediments to global digital photography market expansion.
- The famed High ISO image noise, aliasing qualities of digital images, a prolonged product substitution cycle restricting the proceeds from new customers, and a brisk rental and used paraphernalia market are all expected to hinder global digital photography market expansion.
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Global Digital Photography Market Competitive Landscape
The market has several large, medium, and small companies in competition with each other. The prominent players operating in the market are constantly adopting various growth strategies to stay afloat in the global digital photography market. Product launches, innovations, mergers, and acquisitions, collaborations and partnerships, and intensive R&D are some of the growth strategies that are adopted by these key players to thrive in the competitive global digital photography market. Additionally, in order to attract consumers' attention, the major companies in this market are continually inventing and launching new items. For instance, the established markets of the U.S., Japan, Europe, and other growing economies in the Asia Pacific are anticipated to experience a surge in demand for wireless cameras.
Digital Photography Market Top Player's Company Profiles
- Canon Inc.
- Nikon Corporation
- Sony Corporation
- Fujifilm Holdings Corporation
- Olympus Corporation
- Samsung Electronics Co., Ltd.
- Leica Camera AG
- GoPro, Inc.
- Ricoh Company, Ltd.
- Hasselblad
- Phase One A/S
- Sigma Corporation
- Zeiss
- Casio Computer Co., Ltd.
- Pentax Ricoh Imaging Company, Ltd.
- Seiko Epson Corporation
- Polaroid Corporation
- Lytro, Inc.
- DJI
- Panasonic Corp
Digital Photography Market Recent Developments
- In June 2022, reports say that Apple’s new watch series 8 is expected to have a built-in camera. This product will provide tough competition to Samsung galaxy in the smartwatches category.
- In March 2022, the Fujifilm Holdings Corp unveiled a new campaign called "NEVER STOP" and will now concentrate on offering long-term healthcare solutions utilizing cutting-edge technology like AI and image processing.
Global Digital Photography Key Market Trends
- It is anticipated that video and digital cameras will soon develop into network devices, opening new prospects for wireless operators and film vendors. There are new degrees of consumer convenience now that digital cameras can connect wirelessly to personal computers and the Internet. This might considerably raise market demand, but it could also increase the risk of data theft.
Global Digital Photography Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our Global Digital photography Market Analysis, the growing disposable incomes in developing countries and the increasing popularity of social media and video platforms among young adults have amplified market demands in recent years. Furthermore, as a result of heavy investments in research and development, photographic technology is improving constantly. The introduction of new and advanced products is expected to lead the market growth during 2022-2028.
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| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 105.2 billion |
| Market size value in 2031 | USD 161.82 billion |
| Growth Rate | 4.4% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
| Historical Year | 2019 |
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Digital Photography Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Digital Photography Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Digital Photography Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Digital Photography Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Digital Photography Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Digital Photography Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Digital Photography Market Report Snapshots
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