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The global market for digital cameras is expected to reach USD 19.77 billion by 2020, according to a new study by Grand View Research, Inc.
The global market for digital cameras is expected to reach USD 19.77 billion by 2020, according to a new study by Grand View Research, Inc. Growing demand for interchangeable lens cameras with higher selling prices is expected to fuel industry growth over the forecast period. These include digital single lens reflex cameras (DSLR) as well as non-reflex cameras, also referred to as mirrorless cameras. Increasing replacement demand coupled with technological enhancements such as Wi-Fi-enabled cameras is expected to favorably impact the market.
The trend of sharing images over the internet and availability of image processing tools has given impetus to the market. Widespread adoption of internet services and surge in social networking activities is expected to further bolster industry outlook. However, proliferation of smartphones globally is a major concern for industry participants, on account of the ready availability and convenience offered by smartphone cameras. The value chain consists of manufacturers of digital cameras and associated parts, as well as retailers or distributors.
Full research report on digital camerasmarket with detailed figures and charts available at:http://www.grandviewresearch.com/industry-analysis/digital-camera-industry
Further Key findings from the study suggest:
Global Digital Camera Unit Shipments, by Product Segment, 2012
Request for free sample report:http://www.grandviewresearch.com/industry-analysis/digital-camera-industry/request
For the purpose of this study, Grand View Research has segmented the global digital camera market on the basis of product segments and region:
Digital Camera Product Segment Outlook,
Digital Camera Regional Outlook,
North America
Europe
Asia Pacific
Rest of the World
View more reports of this category by Grand View Research at:http://www.grandviewresearch.com/industry/digital-media
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. Thecompany provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
For more information, visit http://www.grandviewresearch.com/
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Source: Digital Camera Market Is Expected To Grow Owing Enhanced Demand For Interchangeable Lens Cameras Till 2020: Grand View Research, Inc.
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