The latest report by IMARC Group, titled “India Digital Camera Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2027,” finds that the India digital camera market is expected to exhibit a CAGR of 5.88% during the forecast period (2022-2027). A digital camera, or digicam, is a battery-powered electronic device that captures images or videos and stores them in digital format. Some commonly available digital cameras are compact digital cameras, digital rangefinders, built-in lens variants, bridge cameras, digital single-lens reflex cameras (DSLR), electronic viewfinders (EVF), and line-scan systems. It captures images that can be easily checked, retaken, deleted and accessed through a digital camera, email, compact disc (CD)/ digital versatile disc (DVD), television (TV), and computer monitors. In addition, it offers editing and processing features through photo editing tools, burst shots, adjustable shutter speed, and auto-focus. As a result, digital cameras are extensively used by professional photographers across studios, sports, media, and entertainment industries.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
India Digital Camera Market Trends:
The market is primarily driven by extensive product adoption in the media and entertainment industry. In addition, digital cameras are widely utilized to shoot motion footage in high-definition (HD) quality while eliminating the hassle of acquiring paper prints from films, which is contributing to the market growth. Moreover, the increasing preference for recreational photography among individuals acts as another growth-inducing factor. Besides this, several technological advancements, including the launch of cameras integrated with a global positioning system (GPS), Wi-Fi, and Bluetooth, are providing a positive thrust to the market growth. These technologies enhance safety, improve connectivity with other devices and transfer photos wirelessly to multiple smart devices. Moreover, the introduction of digital cameras with interchangeable lenses for enhanced zoom and color-capturing capabilities is positively influencing the market growth. Furthermore, the escalating product demand among food and travel bloggers, the increasing disposable incomes of individuals, and the easy availability of budget-friendly cameras are creating a favorable market outlook across the country.
- Based on the product type, the market has been classified into interchangeable lens cameras (digital single lens reflex (SLR) cameras, digital rangefinders, line-scan camera systems), and built-in lens cameras (integration, bridge, compact digital cameras).
- Region-wise, the market has been divided into North India, West and Central India, South India, and East India.
- The competitive landscape of the market has also been examined, along with the profiles of key players operating in the industry.
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