DUBLIN--(BUSINESS WIRE)--The "North America Digital Camera Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Compact Digital Camera, Bridge Camera, DSLR Camera, Mirrorless Camera, Digital Rangefinder Camera, and Line-Scan Camera) and End user (Personal and Professional)" report has been added to ResearchAndMarkets.com's offering.
According to the market research study on "North America Digital Camera Market to 2028 - COVID-19 Impact and Regional Analysis and Forecast by Type and End-user," is expected to reach US$ 3,391.98 million by 2028 from US$ 2,366.96 million in 2021. The market is estimated to grow at a CAGR of 5.3% from 2021 to 2028. The report provides trends prevailing in the North American digital camera market along with the drivers and restraints pertaining to the market growth. The surge in demand for lightweight and high-quality digital cameras is the major factor driving the growth of the North American digital camera market. However, the introduction of premium smartphones and the high cost associated with digital cameras hinder the growth of the North American digital camera market.
The US has the highest number of confirmed cases of coronavirus, compared to Canada and Mexico. This is negatively impacting the consumer electronics industry in the region as the COVID-19 pandemic negatively affects the supply and distribution chain. The unprecedented rise in the number of COVID-19 cases across the US and the subsequent lockdown of its numerous manufacturing facilities has negatively influenced the growth of the various markets including the digital camera market. The decline in revenue owing to less customer demand coupled with limited production capabilities of digital cameras is affecting the growth of digital camera products in the North American region. However, to control the spread of the virus, the video shooting and also the film industry is witnessing disruptions that are anticipated to affect the market growth in a negative manner, especially in 2020.
The market for digital camera market is segmented into type, End-user, and country. Based on type, the market is segmented into compact digital camera bridge cameras (including super zoom cameras), digital single lens reflex (DSLR) camera, mirrorless cameras, digital rangefinder cameras, and line-scan camera. In 2020, the digital single lens reflex (DSLR) camera segment held the largest share North American digital camera market. Based on application, the digital camera market is categorized into personal and professional. In 2020, the professional segment held the largest share North American digital camera market. Based on country, the market is segmented into the US, Canada, Mexico.
Canon Inc; Eastman Kodak Company; FUJIFILM Holdings Corporation; Hasselblad; Leica Camera AG; Nikon Corporation; OM Digital Solutions Corporation; Panasonic Corporation; RICOH IMAGING COMPANY, LTD.; Sony Corporation; are among the leading companies in the North America digital camera market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2021, Canon Inc. had announced that the company is currently developing the new EOS R3 full-frame mirrorless camera. This new camera is designed to provide professional and enthusiast customers with the high-level basic functionality they demand
Companies Mentioned
- Canon Inc
- Eastman Kodak Company
- FUJIFILM Holdings Corporation
- Hasselblad
- Leica Camera AG
- Nikon Corporation
- OM Digital Solutions Corporation
- Panasonic Corporation
- Ricoh Imaging Company, Ltd.
- Sony Corporation
Key Topics Covered:
1. Introduction
1.1 Study Scope
1.2 Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America Digital Camera Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5.1 Key Market Drivers
5.1.1 Surge in Demand for Lightweight and High-Quality Digital Cameras
5.1.2 Growing Applications of Digital Cameras in Entertainment, Media, and Sports Industries
5.2 Market Restraints
5.2.1 Introduction of Premium Smartphones and High Cost associated with the Digital Cameras
5.3 Market Opportunities
5.3.1 Expanding Demand for Mirrorless Cameras
5.4 Future Trends
5.4.1 Technological Innovations Associated with Digital Cameras
5.5 Impact Analysis of Drivers and Restraints
6. Digital Camera Market - North America Analysis
6.1 Digital Camera Market North America Overview
6.2 Digital Camera Market - North America Revenue and Forecast to 2028 (US$ Million)
7. North America Digital Camera Market Analysis - By Type
7.1 Overview
7.2 North America Digital Camera Market Revenue Breakdown, By Type, 2020 and 2028
7.3 Compact Digital Camera
7.4 Bridge Camera
7.5 Digital Single Lens Reflex (DSLR) Camera
7.6 Mirrorless Camera
7.7 Digital Rangefinder Camera
7.8 Line-Scan Camera
8. North America Digital Camera Market Analysis - By End User
8.1 Overview
8.2 North America Digital Camera Market Breakdown, By End User, 2020 and 2028
8.3 Personal
8.4 Professional
9. North America Digital Camera Market - Country Analysis
9.1 Overview
10. Digital Camera Market - COVID-19 Impact Analysis
10.1 Overview: Impact Assessment of COVID-19 Pandemic
10.2 North America
11. Industry Landscape
11.1 Overview
11.2 Product Launch
11.3 Business Planning and Strategy
11.4 Collaboration
12. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/wx8l9m
