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)
Market Introduction
The US, Canada, and Mexico are the major countries in North America. The region has a mature consumer electronics industry, with significant penetration of these products in a majority of households. With the annual consumer electronics sales of worth US$ ~350 billion, the US is one of the world's major users of these devices. Personal computers, TV sets, game consoles, tablets, smartphones, portable music players, GPS devices, digital cameras, audio or video recorders, and DVD players are among the most popular consumer electronics nowadays. The consumer electronics industry is primarily being driven by rising disposable income as well as shift in customer taste toward smart homes and smart working environments. The digital camera market in North America is likely to grow further in the coming years. Many moviemakers in the region are connecting with audiences by making short films, advertisements, and marketing videos; they are seeking suitable alternatives to traditional camera systems for delivering content of higher picture quality. To record and process an image, digital cameras employ a photosensitive chip known as a charge-coupled device (CCD) that allows to store images on the camera's memory drive. The size of the CCD determines the picture quality and resolution (measured in pixels). The growing trend of advertising, as well as the marketing of films, is presenting significant opportunities for digital camera manufacturers. Video production companies are looking for new ways to engage with their audiences and gain feedback on their video quality through social media.
The US has the highest number of confirmed cases of coronavirus, as, 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 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 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 virus, the video shooting and also the film industry is witnessing disruptions which is anticipated to affect the market growth in a negative manner, especially in 2020.
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Market Overview and Dynamics
The digital camera market in North America is expected to grow from US$ 2,366.96 million in 2021 to US$ 3,391.98 million by 2028; it is estimated to grow at a CAGR of 5.3% from 2021 to 2028. Technological innovations associated with digital cameras; the framework of digital camera market is closely associated with emerging radical trends backed with innovative technological developments and robust advancements, such as HD and touch screen. Since a long time, the market has observed a higher demand for digital single-lens reflex camera and SLR camera market owing to growing consumer inclination toward advanced photography. However, the advancement of technology has resulted in creation of high-resolution cameras, which provides 12–20 megapixels. The continuous evolution in the field of digital cameras has resulted in designing advanced cameras with better resolution, faster focusing, and support to different peripherals. Also, an increase in trend to incorporate a Wi-Fi or 4G modem in digital cameras have also been observed to provide competitive edge over smartphones. Moreover, such cameras are foreseen to be a part of several interconnected devices, such as IoT (Internet-of-Things), which could facilitate effective communication with other interconnected devices such as smartphones and speaker assistants in near future. This is bolstering the growth of the digital camera market.
Key Market Segments
In terms of type, the digital single lens reflex (DSLR) segment accounted for the largest share of the North America digital camera market in 2020. In terms of end user type, the professional segment held a larger market share of the digital camera market in 2020.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the digital camera market in North America are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are 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 others.
Reasons to buy report
- To understand the North America digital camera market landscape and identify market segments that are most likely to guarantee a strong return
- Stay ahead of the race by comprehending the ever-changing competitive landscape for North America digital camera market
- Efficiently plan M&A and partnership deals in North America digital camera market by identifying market segments with the most promising probable sales
- Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form North America digital camera market
- Obtain market revenue forecast for market by various segments from 2021-2028 in North America region.
NORTH AMERICA DIGITAL CAMERA MARKET SEGMENTATION
By Type
- Compact Digital Camera
- Bridge Camera
- DSLR Camera
- Mirrorless Camera
- Digital Rangefinder Camera
- Line-Scan Camera
By End User
- Personal
- Professional
By Country
- US
- Canada
- Mexico
Company Profiles
- 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
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 North America Digital Camera Market – By Type
1.3.2 North America Digital Camera Market – By End User
1.3.3 North America Digital Camera Market- By Country
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
4.2.1 North America
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. North America Digital Camera Market – Key Market Dynamics
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
7.3.1 Overview
7.3.2 Compact Digital Camera: North America Digital Camera Market, Revenue and Forecast to 2028 (US$ Million)
7.4 Bridge Camera
7.4.1 Overview
7.4.2 Bridge Camera: North America Digital Camera Market- Revenue and Forecast to 2028 (US$ Million)
7.5 Digital Single Lens Reflex (DSLR) Camera
7.5.1 Overview
7.5.2 DSLR Camera: North America Digital Camera Market- Revenue and Forecast to 2028 (US$ Million)
7.6 Mirrorless Camera
7.6.1 Overview
7.6.2 Mirrorless Camera: North America Digital Camera Market- Revenue and Forecast to 2028 (US$ Million)
7.7 Digital Rangefinder Camera
7.7.1 Overview
7.7.2 Digital Rangefinder Camera: North America Digital Camera Market- Revenue and Forecast to 2028 (US$ Million)
7.8 Line-Scan Camera
7.8.1 Overview
7.8.2 Line-Scan Camera: North America Digital Camera Market- Revenue and Forecast to 2028 (US$ Million)
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
8.3.1 Overview
8.3.2 Personal: North America Digital Camera Market- Revenue and Forecast to 2028 (US$ Million)
8.4 Professional
8.4.1 Overview
8.4.2 Professional: North America Digital Camera Market- Revenue and Forecast to 2028 (US$ Million)
9. North America Digital Camera Market – Country Analysis
9.1 Overview
9.1.1 North America Digital Camera Market, Revenue and Forecast to 2028 (US$ Mn)
9.1.2 North America Digital Camera Market Breakdown, by Country
9.1.2.1 US Digital Camera Market, Revenue and Forecast to 2028
9.1.2.1.1 US Digital Camera Market Breakdown, by Type
9.1.2.1.2 US Digital Camera Market Breakdown, by End User
9.1.2.2 Canada Digital Camera Market, Revenue and Forecast to 2028
9.1.2.2.1 Canada Digital Camera Market Breakdown, by Type
9.1.2.2.2 Canada Digital Camera Market Breakdown, by End User
9.1.2.3 Mexico Digital Camera Market, Revenue and Forecast to 2028
9.1.2.3.1 Mexico Digital Camera Market Breakdown, by Type
9.1.2.3.2 Mexico Digital Camera Market Breakdown, by End User
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
12.1 Canon Inc.
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Eastman Kodak Company
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 FUJIFILM Holdings Corporation
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Nikon Corporation
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Panasonic Corporation
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Sony Corporation
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Leica Camera AG
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 OM Digital Solutions Corporation
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Hasselblad
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 RICOH IMAGING COMPANY, LTD.
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Glossary
LIST OF TABLES
Table 1. North America Digital Camera Market – Revenue and Forecast to 2028 (US$ Million)
Table 2. North America Digital Camera Market, Revenue and Forecast To 2028 – By Country (US$ Mn)
Table 3. US Digital Camera Market, Revenue and Forecast to 2028 – By Type (US$ Mn)
Table 4. US Digital Camera Market, Revenue and Forecast to 2028 – By End User (US$ Mn)
Table 5. Canada Digital Camera Market, Revenue and Forecast to 2028 – By Type (US$ Mn)
Table 6. Canada Digital Camera Market, Revenue and Forecast to 2028 – By End User (US$ Mn)
Table 7. Mexico Digital Camera Market, Revenue and Forecast to 2028 – By Type (US$ Mn)
Table 8. Mexico Digital Camera Market, Revenue and Forecast to 2028 – By End User (US$ Mn)
Table 9. Glossary of Terms, North America Digital Camera Market
LIST OF FIGURES
Figure 1. North America Digital Camera Market Segmentation
Figure 2. North America Digital Camera Market Segmentation – By Country
Figure 3. North America Digital Camera Market Overview
Figure 4. DSLR Camera Held the Largest Market Share in 2020
Figure 5. Professional End User Held the Largest Market Share in 2020
Figure 6. US was the Largest Revenue Contributor in 2020
Figure 7. North America– PEST Analysis
Figure 8. North America Digital Camera Market– Ecosystem Analysis
Figure 9. Expert Opinion
Figure 10. North America Digital Camera Market: Impact Analysis of Drivers and Restraints
Figure 11. North America Digital Camera Market – Revenue and Forecast to 2028 (US$ Million)
Figure 12. North America Digital Camera Market Revenue Share, by Type (2020 and 2028)
Figure 13. Compact Digital Camera: North America Digital Camera Market- Revenue and Forecast to 2028 (US$ Million)
Figure 14. Bridge Camera: North America Digital Camera Market- Revenue and Forecast to 2028 (US$ Million)
Figure 15. DSLR Camera: North America Digital Camera Market- Revenue and Forecast to 2028 (US$ Million)
Figure 16. Mirrorless Camera: North America Digital Camera Market- Revenue and Forecast to 2028 (US$ Million)
Figure 17. Digital Rangefinder Camera: North America Digital Camera Market- Revenue and Forecast to 2028 (US$ Million)
Figure 18. Line-Scan Camera: North America Digital Camera Market- Revenue and Forecast to 2028 (US$ Million)
Figure 19. North America Digital Camera Market Breakdown, By End User, 2020 and 2028 (%)
Figure 20. Personal: North America Digital Camera Market- Revenue and Forecast to 2028 (US$ Million)
Figure 21. Professional: North America Digital Camera Market- Revenue and Forecast to 2028 (US$ Million)
Figure 22. North America Digital Camera Market, Revenue by Country to 2028 (US$ Mn)
Figure 23. North America Digital Camera Market Breakdown, by Country, 2020 & 2028 (%)
Figure 24. US Digital Camera Market, Revenue and Forecast to 2028 (US$ Mn)
Figure 25. Canada Digital Camera Market, Revenue and Forecast to 2028 (US$ Mn)
Figure 26. Mexico Digital Camera Market, Revenue and Forecast to 2028 (US$ Mn)
Figure 27. Impact of COVID-19 Pandemic in North American Country Markets
- Canon Inc
- Eastman Kodak Company
- FUJIFILM Holdings Corporation
- HasselbladLeica Camera AG
- Nikon Corporation
- OM Digital Solutions Corporation
- Panasonic Corporation
- RICOH IMAGING COMPANY, LTD.
- Sony Corporation
- To understand the North America digital camera market landscape and identify market segments that are most likely to guarantee a strong return
- Stay ahead of the race by comprehending the ever-changing competitive landscape for North America digital camera market
- Efficiently plan M&A and partnership deals in North America digital camera market by identifying market segments with the most promising probable sales
- Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form North America digital camera market
- Obtain market revenue forecast for market by various segments from 2021-2028 in North America region.