Report : Middle East and Africa 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)
Professional Segment to Dominate MEA Digital Camera Market during 2020–2028
According to a new market research study on “MEA Digital Camera Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Type and End User,” is expected to reach US$ 506.61 million by 2028 from US$ 410.69 million in 2021. The market is estimated to grow at a CAGR of 3.0% from 2021 to 2028. The report provides trends prevailing in the MEA digital camera market along with the drivers and restraints pertaining to the market growth.Growing demand for mirrorless cameras is the major factor driving the growth of the MEA digital camera market. However, introduction of premium smartphones and high cost associated with the digital cameras hinder the growth of MEA digital camera market.
In the MEA region, Iran, Saudi Arabia, Qatar, South Africa, and UAE are some of the major countries with high number of COVID-19 confirmed cases and deaths. The MEA region comprises of many growing economies which are prospective markets for digital camera vendors. The demand for consumer electronics is growing at an impressive pace in this region and thus it is expected to offer ample growth opportunities for digital camera market in the coming years. However, the COVID-19 pandemic is having significant effects on various economies and the economy of MEA region is also anticipated to get affected by this crisis.
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 camera (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 MEA 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 MEA digital camera market. Based on country, the market is segmented into South Africa, Saudi Arabia, UAE, Rest of MEA
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 MEA 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 2020, Nikon Corporation had launched the Z 7II full-frame mirrorless camera. The Z 7II is a full-frame, high-resolution mirrorless camera. Through such product launches the company is contributing to the development of imaging culture.
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