DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/dhnnp6/europe_digital) has announced the addition of the "Europe Digital Camera Industry Outlook to 2017 - Interchangeable Lens Cameras to Fuel the Maturing Market" report to their offering.
The European digital camera market is shrinking with growing maturity of the market and increasing adoption of the smartphones by the consumers. The market for digital cameras especially compact cameras is maturing in the European region because of the high ownership level among the consumers. The digital camera market in Europe is estimated at - million units in 2012 on the basis of the shipments which have grown from shipment of - million units in 2006 at a CAGR of 3.02% during 2006-2012. The region is the second largest market in the world after Asia and represents 34.4% of the total shipments of digital cameras made in the world in 2012.
In the UK, the digital camera market has declined by around - 3.5% by volume during the last six years where the most of the decline happened during last two years. The digital camera market of the UK has declined during last six years with a CAGR of -3.5% during 2006-2012 where the market has deflated from sales of - million units in 2006 to the sales of - million units in 2012. The decline has largely been due to the falling sales of the compact cameras over the years, which represent around 90% of the total digital camera market of the UK. During 2006-2012 the sales of the DSLRs have increased by around -% while that of the compact point and shoot cameras have declined by around 25-30%. Moreover, the newly introduced mirrorless interchangeable lens cameras have taken the place of the compact point and shoot cameras to a sizeable extent in recent years.
The digital camera market of Germany is estimated of the size of - million units on the basis of sales which has grown at a CAGR of 2.4% during 2006-2012 from the unit sales of - million in 2006. The moderate growth of the market has largely been driven by the consumer demand for DSLR cameras and newly introduced mirrorless interchangeable lens cameras. The mirrorless interchangeable lens cameras are expected to contribute significantly in the future growth of the digital camera market of Germany. The market for these cameras is estimated to reach - thousand units in 2017 on the basis of sales, from sales of - thousand units in 2012 by growing at a CAGR of 48.5% during 2012-2017.
Companies Mentioned:
- Canon Inc
- Fujifilm
- Nikon Corporation
- Panasonic Corporation
- Sony Corporation
For more information visit http://www.researchandmarkets.com/research/dhnnp6/europe_digital
About Research and Markets
Research and Markets is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
