Cameras & Camera Equipment Market by Component (Image Sensors, Lens Modules, Voice Coil Motors), Camera Type (360 Cameras, Action Cameras, Bridge Cameras), Lens Type, Sales Channel - Global Forecast 2024-2030

Cameras & Camera Equipment Market by Component (Image Sensors, Lens Modules, Voice Coil Motors), Camera Type (360 Cameras, Action Cameras, Bridge Cameras), Lens Type, Sales Channel - Global Forecast 2024-2030

The Cameras & Camera Equipment Market size was estimated at USD 10.16 billion in 2023 and expected to reach USD 11.13 billion in 2024, at a CAGR 9.75% to reach USD 19.49 billion by 2030.

Cameras and camera equipment encompass a broad range of devices, accessories, and technologies designed to capture, record, and manipulate visual images. Cameras contain an optical system that focuses light onto a photosensitive surface or sensor, which converts the light into electronic signals that can be stored and processed as digital images. The growing need for efficient surveillance solutions in public and private sectors and rising online sales of photography equipment increases the adoption of cameras & camera equipment. However, the high cost of repair and maintenance of cameras & camera equipment may hinder the market's growth. Nevertheless, increasing demand for MILCs and waterproof cameras with technological advancements in cameras & camera equipment is anticipated to create lucrative opportunities for the market.

Regional Insights

The cameras & camera equipment market is evolving in the Americas owing to the rising demand for high-quality photography and videography, technological advancements, increased internet penetration, and growth in social media usage. The shift towards mirrorless cameras with enhanced features such as faster autofocus and improved image stabilization is expanding the adoption of cameras & camera equipment in the Americas. In the EMEA region, increasing disposable incomes and a growing interest in professional photography, and demand for high-quality cameras to capture cultural events increases are influencing the growth of the cameras & camera equipment market. The cameras & camera equipment market is growing in the APAC region with significant investment in research & development of innovative camera technologies and breakthrough innovations such as deep learning algorithms integrated into camera systems. Besides, the introduction of cameras & camera equipment integrated with artificial intelligence (AI) algorithms coupled with government initiatives to encourage local manufacturing of electronic products is anticipated to encourage the growth of the cameras & camera equipment market globally.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Cameras & Camera Equipment Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers

• Increase in the adoption of consumer electronics coupled with ongoing photography trends
• Integration of camera modules for safety and security features in the automotive sector
• Growing need for efficient surveillance solutions in public and private sectors

Market Restraints

• High cost of repair and maintenance of camera & camera equipment

Market Opportunities

• Technological advancements in cameras & camera equipment
• Increasing demand for MILCs and waterproof cameras

Market Challenges

• Technical issues in cameras & camera equipment

Market Segmentation Analysis

• Component: Increasing adoption of image sensors owing to their high power-efficiency
• Camera Type: Burgeoning utilization of mirrorless cameras due to their advanced image quality
• Lens Type: Proliferating use of interchangeable lenses due to their versatility, superior image quality, and greater creative control
• Sales Channel: Evolving online distribution channel for cameras & camera equipment

Market Disruption Analysis

• Porter’s Five Forces Analysis
• Value Chain & Critical Path Analysis
• Pricing Analysis
• Technology Analysis
• Patent Analysis
• Trade Analysis
• Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Cameras & Camera Equipment Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Cameras & Camera Equipment Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

Nikon Z f Full-Frame Mirrorless Camera Launched in India

Nikon launched the new Z series full-frame mirrorless camera in India, with a starting price of INR 176,995. This camera is packed with impressive features such as in-body image stabilization, Pro Video Mode, and the ability to record 4K UHD videos. It is equipped with a 24.5MP FX-Format BSI CMOS sensor, ensuring exceptional image quality and performance in any lighting condition. This new camera offers a professional and reliable solution for capturing stunning photographs and videos.

Verkada Unveils New PTZ Camera, Expanded Product Offerings and Platform Integrations

Verkada unveiled an expansion of its camera product line, accompanied by new platform integrations. Introducing a new PTZ camera lineup empowers customers to monitor wide areas within a single view efficiently. Additionally, the upgraded software seamlessly integrates with the G Suite by Google Cloud and Slack, offering customers an even broader range of capabilities.

Henry's and Lynx Announce Strategic Acquisition to Drive Growth of Canada's Greatest Camera Store

Henry's and Lynx announced a strategic acquisition aiming to enhance the growth of Canada's camera store. The main objective is establishing a larger nationwide network of independent photo specialty stores. This strategic move will guarantee a strong network of reliable caregivers, exceptional products, top-notch services, and comprehensive customer support. This move demonstrates Henry's commitment to providing unparalleled photography solutions to customers across Canada, ensuring their needs are met with excellence and expertise.

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Cameras & Camera Equipment Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Cameras & Camera Equipment Market, highlighting leading vendors and their innovative profiles. These include Bolex International S. A., Bron Elektronik AG, Canon Inc., Casio Computer Co., Ltd, Eastman Kodak Company, FUJIFILM Corporation, GoPro, Inc., Hasselblad, Leica Camera AG, Manfrotto by Videndum Media Solutions SpA, Minolta Co. Ltd., Nikon Corporation, Olympus Corporation, OM Digital Solutions Corporation, Panasonic Corporation, PENTAX Ricoh Imaging Company, Ltd., Polaroid International B.V., Profoto AB, Ricoh Imaging Europe S.A.S., Samsung Group, Schneider Optics, Sigma Corporation of America, Sony Group Corporation, SZ DJI Technology Co., Ltd., and Victor Hasselblad AB.

Market Segmentation & Coverage

This research report categorizes the Cameras & Camera Equipment Market to forecast the revenues and analyze trends in each of the following sub-markets:

• Component
• Image Sensors
• Lens Modules
• Voice Coil Motors
• Camera Type
• 360 Cameras
• Action Cameras
• Bridge Cameras
• Compact Digital/Point & Shoot Cameras
• Digital Cinema Cameras
• Digital SLR Cameras
• Film Cameras
• Instant Cameras
• Medium Format Cameras
• Mirrorless Cameras
• Lens Type
• Built-in
• Interchangeable
• Sales Channel
• Offline
• Online

Region

• Americas
• Argentina
• Brazil
• Canada
• Mexico
• United States
• California
• Florida
• Illinois
• New York
• Ohio
• Pennsylvania
• Texas
• Asia-Pacific
• Australia
• China
• India
• Indonesia
• Japan
• Malaysia
• Philippines
• Singapore
• South Korea
• Taiwan
• Thailand
• Vietnam
• Europe, Middle East & Africa
• Denmark
• Egypt
• Finland
• France
• Germany
• Israel
• Italy
• Netherlands
• Nigeria
• Norway
• Poland
• Qatar
• Russia
• Saudi Arabia
• South Africa
• Spain
• Sweden
• Switzerland
• Turkey
• United Arab Emirates
• United Kingdom

Please Note: PDF & Excel + Online Access - 1 Year