DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/55xpmg/global_digital) has announced the addition of the "Global Digital Camera Industry Outlook to 2017 - Emerging Markets, Next Big Destination for DSC Manufacturers" report to their offering.
The demand of the digital cameras is rapidly shifting from the developed countries to the emerging nations. The reason behind the shift in demand is because in developed countries demand for digital camera is reaching maturity stage with high ownership level of digital cameras among the consumers. Conversely, the penetration level of digital cameras is very low in emerging economies such as India and Brazil which is resulting in growing demand from the first time buyers. The shipment of the digital cameras globally has grown at a CAGR of 3% during 2006-2012, where shipments of - million units were recorded in 2012 which increased from - million units in 2006. The global digital camera market has experienced a marginal growth during last six years majorly because of the declining consumer demand in the developed countries, economic slowdown in the European region and negative impact of the growing smartphone adoption by the consumers worldwide.
The digital camera market of the US is estimated at - million units on the basis of shipments in 2012 which has decreased from the shipment of 21.8 million units of digital cameras in 2006 at a CAGR of -% during 2006-2012. The growing maturity in the market owing to the high digital camera ownership levels among the consumers is the prime factor for the decline in the shipments of the digital cameras during last six years. The North America digital camera market is estimated to grow marginally at a CAGR of -% during 2012-2017 where the shipment of the digital cameras is expected to increase to - million units in 2017 by growing from the shipment of - million units in 2012. However, the contribution of the region in the digital camera shipments across the globe is expected to decline to -% by 2017 from the current level of 16.8% in 2012.
The digital camera market of Latin America is projected to grow strongly during coming years because of the high consumer demand for both the built-in lens cameras as well as interchangeable lens cameras. The shipments of the digital cameras are estimated to grow at a CAGR of 22.5% during 2012-2017 which would increase the digital camera shipments to the region to - million units in 2017 from the shipment of - million units in 2012. The significant increase in the shipments of the digital cameras would increase the contribution of Latin America to the total shipments of digital cameras worldwide to 20.8% by 2017 from the current level of -% in 2012.
Companies Mentioned:
- Canon Inc
- Fujifilm
- Nikon Corporation
- Panasonic Corporation
- Samsung Electronics
- Sony Corporation
For more information visit http://www.researchandmarkets.com/research/55xpmg/global_digital
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