Asia Pacific 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)

TIPRE00024094 | Pages: 95 | Electronics and Semiconductor | Aug 2021 | Type: Regional | Status: Published

Market Introduction

The digital camera market in APAC is further segmented into China, India, Japan, South Korea, Australia, and the Rest of APAC. The continuously growing regional economy is reflecting in increasing disposable income of individuals, which supports sales of high-end products, including DSLR cameras. Besides, the use of such gadgets is further on rise due to improving internet infrastructure in Asian countries. Youth hold a significant share of the total population in APAC, which can be directly proportional to the adoption of technologically advanced and innovative devices. They are interested in making vlogs, documentary films, and short movies; many of them are aspiring to become professional photographers. Digital camera manufacturers have tremendous opportunities to boost their revenue by meeting the emerging requirements of the tech-savvy youth in this region. Furthermore, the booming event management segment, which requires live streaming and better video quality in real time, as well as notably growing trend of prewedding shoots are generating huge demands for high-end cameras. Further, the popularity of Indian movies is crossing the national borders, which is encouraging filmmakers to come up with scripts for a diverse range of genres, including romance, thriller, sci-fi, and action. All the aforementioned factors are driving the digital camera market growth across the region.

 

The COVID-19 is anticipated to cause a significant economic loss in the Asia Pacific region. The consequence and impact can be even worse and totally depends on the spread of the virus. The governments of various Asia Pacific countries are taking possible steps to restrict the spread of the virus by announcing lockdown, which in turn has negatively impacted the revenue generated by the digital camera market. The ongoing COVID-19 is anticipated to cause huge disruptions in the growth of various industries of Asia Pacific region. For instance, China is the global manufacturing hub for various industries and the largest raw material supplier. However, after a strict two-month lockdown especially in Wuhan area, China is now relaxing restrictions as the number of new cases have dropped drastically in past month (<10 cases/ day) and factories have started with preventive measures in place, especially in the crucial consumer electronics sector. However, the uncertainty regarding the future outbreak especially in countries such as India and few other Asian countries, where the graph is going upwards may affect the growth of digital camera market in coming quarters. The disruptions in the demand for tourism activities, film shootings, and other type of gatherings have been impacted due to social distancing norms and restrictions may further affect the demand in Asian countries


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Market Overview and Dynamics

The digital camera market in APAC is expected to grow from US$ 2,950.78 million in 2021 to US$ 4,725.49 million by 2028; it is estimated to grow at a CAGR of 7.0% from 2021 to 2028. Growing demand for mirrorless cameras; A mirrorless system camera does not involve a mirror box within its body and are designed with a compact and attractive exterior with an electronic viewfinder paired with interchangeable lens. Such cameras offer convenience in use compared to digital SLR cameras owing to their smaller and lighter structure. Mirrorless camera comprises lens at the front body along with sensor placed inside and a screen along with an optional viewfinder placed at the back. Additionally, such cameras have small, short, and light lenses and are constructed with a tiny LED or OLED screen, which helps to deliver best possible results altogether. Despite their smaller size, such cameras are designed to provide high quality images with outstanding clarity as that of other conventional digital cameras. The limited presence of glass elements within lenses allows quick autofocus. Further, mirrorless cameras are generally composed of APS-C sensor or a Micro Four Thirds sensor, which offers portability and convenience over DSLRs. With the rising adoption of mirrorless cameras, there is increase in variety of lenses and their respective configurations. Such cameras are extensively demanded from budding photographers to various professional photographers owing to compact and sleekier mirrorless designs along with limited noise making. This is bolstering the growth of the digital camera market.

Key Market Segments

In terms of type, the mirrorless segment accounted for the largest share of the APAC 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 APAC 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 APAC 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 APAC digital camera market
  • Efficiently plan M&A and partnership deals in APAC 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 APAC digital camera market
  • Obtain market revenue forecast for market by various segments from 2021-2028 in APAC region.

APAC 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

  • Australia
  • China
  • India
  • Japan
  • South Korea
  • Rest of APAC

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        APAC Digital Camera Market – By Type

1.3.2        APAC Digital Camera Market – By End User

1.3.3        APAC Digital Camera Market- By Country

2.           Key Takeaways

3.           Research Methodology

3.1         Coverage

3.2         Secondary Research

3.3         Primary Research

4.           APAC Digital Camera Market Landscape

4.1         Market Overview

4.2         PEST Analysis

4.2.1        Asia-Pacific

4.3         Ecosystem Analysis

4.4         Expert Opinion

5.           APAC 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 – APAC Analysis

6.1         Digital Camera Market APAC Overview

6.2         Digital Camera Market – APAC Revenue and Forecast to 2028 (US$ Million)

7.           APAC Digital Camera Market Analysis – By Type

7.1         Overview

7.2         APAC 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: APAC Digital Camera Market, Revenue and Forecast to 2028 (US$ Million)

7.4         Bridge Camera

7.4.1        Overview

7.4.2        Bridge Camera: APAC 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: APAC Digital Camera Market- Revenue and Forecast to 2028 (US$ Million)

7.6         Mirrorless Camera

7.6.1        Overview

7.6.2        Mirrorless Camera: APAC 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: APAC 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: APAC Digital Camera Market- Revenue and Forecast to 2028 (US$ Million)

8.           APAC Digital Camera Market Analysis– By End User

8.1         Overview

8.2         APAC Digital Camera Market Breakdown, By End User, 2020 and 2028

8.3         Personal

8.3.1        Overview

8.3.2        Personal: APAC Digital Camera Market- Revenue and Forecast to 2028 (US$ Million)

8.4         Professional

8.4.1        Overview

8.4.2        Professional: APAC Digital Camera Market- Revenue and Forecast to 2028 (US$ Million)

9.           APAC Digital Camera Market – Country Analysis

9.1         Overview

9.1.1        APAC Digital Camera Market, Revenue and Forecast to 2028 (US$ Mn)

9.1.2        APAC Digital Camera Market Breakdown, by Country

9.1.2.1          China Digital Camera Market, Revenue and Forecast to 2028 (US$ Mn)

9.1.2.1.1          China Digital Camera Market Breakdown, by Type

9.1.2.1.2          China Digital Camera Market Breakdown, by End User

9.1.2.2          India Digital Camera Market, Revenue and Forecast to 2028 (US$ Mn)

9.1.2.2.1          India Digital Camera Market Breakdown, by Type

9.1.2.2.2          India Digital Camera Market Breakdown, by End User

9.1.2.3          Japan Digital Camera Market, Revenue and Forecast to 2028 (US$ Mn)

9.1.2.3.1          Japan Digital Camera Market Breakdown, by Type

9.1.2.3.2          Japan Digital Camera Market Breakdown, by End User

9.1.2.4          South Korea Digital Camera Market, Revenue and Forecast to 2028 (US$ Mn)

9.1.2.4.1          South Korea Digital Camera Market Breakdown, by Type

9.1.2.4.2          South Korea Digital Camera Market Breakdown, by End User

9.1.2.5          Australia Digital Camera Market, Revenue and Forecast to 2028 (US$ Mn)

9.1.2.5.1          Australia Digital Camera Market Breakdown, by Type

9.1.2.5.2          Australia Digital Camera Market Breakdown, by End User

9.1.2.6          Rest of APAC Digital Camera Market, Revenue and Forecast to 2028 (US$ Mn)

9.1.2.6.1          Rest of APAC Digital Camera Market Breakdown, by Type

9.1.2.6.2          Rest of APAC Digital Camera Market Breakdown, by End Users

10.        APAC Digital Camera Market- COVID-19 Impact Analysis

10.1      Overview: Impact Assessment of COVID-19 Pandemic

10.2      Asia-Pacific

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.             APAC Digital Camera Market – Revenue and Forecast to 2028 (US$ Million)

Table 2.             APAC Digital Camera Market, Revenue and Forecast To 2028 – By Country (US$ Mn)

Table 3.             China Digital Camera Market, Revenue and Forecast to 2028 – By Type (US$ Mn)

Table 4.             China Digital Camera Market, Revenue and Forecast to 2028 – By End User (US$ Mn)

Table 5.             India Digital Camera Market, Revenue and Forecast to 2028 – By Type (US$ Mn)

Table 6.             India Digital Camera Market, Revenue and Forecast to 2028 – By End User (US$ Mn)

Table 7.             Japan Digital Camera Market, Revenue and Forecast to 2028 – By Type (US$ Mn)

Table 8.             Japan Digital Camera Market, Revenue and Forecast to 2028 – By End User (US$ Mn)

Table 9.             South Korea Digital Camera Market, Revenue and Forecast to 2028 – By Type (US$ Mn)

Table 10.          South Korea Digital Camera Market, Revenue and Forecast to 2028 – By End User (US$ Mn)

Table 11.          Australia Digital Camera Market, Revenue and Forecast to 2028 – By Type (US$ Mn)

Table 12.          Australia Digital Camera Market, Revenue and Forecast to 2028 – By End User (US$ Mn)

Table 13.          Rest of APAC Digital Camera Market, Revenue and Forecast to 2028 – By Type (US$ Mn)

Table 14.          Rest of APAC Digital Camera Market, Revenue and Forecast to 2028 – By End Users (US$ Mn)

Table 15.          Glossary of Terms, APAC Digital Camera Market

LIST OF FIGURES

Figure 1.           APAC Digital Camera Market Segmentation

Figure 2.           APAC Digital Camera Market Segmentation – By Country

Figure 3.           APAC Digital Camera Market Overview

Figure 4.           Mirrorless Camera Held the Largest Market Share in 2020

Figure 5.           Professional End User Held the Largest Market Share in 2020

Figure 6.           China was the Largest Revenue Contributor in 2020

Figure 7.           Asia-Pacific – PEST Analysis

Figure 8.           Digital Camera Market– Ecosystem Analysis

Figure 9.           Expert Opinion

Figure 10.        APAC Digital Camera Market: Impact Analysis of Drivers and Restraints

Figure 11.        APAC Digital Camera Market – Revenue and Forecast to 2028 (US$ Million)

Figure 12.        APAC Digital Camera Market Revenue Share, by Type (2020 and 2028)

Figure 13.        Compact Digital Camera: APAC Digital Camera Market- Revenue and Forecast to 2028 (US$ Million)

Figure 14.        Bridge Camera: APAC Digital Camera Market- Revenue and Forecast to 2028 (US$ Million)

Figure 15.        DSLR Camera: APAC Digital Camera Market- Revenue and Forecast to 2028 (US$ Million)

Figure 16.        Mirrorless Camera: APAC Digital Camera Market- Revenue and Forecast to 2028 (US$ Million)

Figure 17.        Digital Rangefinder Camera: APAC Digital Camera Market- Revenue and Forecast to 2028 (US$ Million)

Figure 18.        Line-Scan Camera: APAC Digital Camera Market- Revenue and Forecast to 2028 (US$ Million)

Figure 19.        APAC Digital Camera Market Breakdown, By End User, 2020 and 2028 (%)

Figure 20.        Personal: APAC Digital Camera Market- Revenue and Forecast to 2028 (US$ Million)

Figure 21.        Professional: APAC Digital Camera Market- Revenue and Forecast to 2028 (US$ Million)

Figure 22.        APAC Digital Camera Market, Revenue by Country To 2028 (US$ Mn)

Figure 23.        APAC Digital Camera Market Breakdown, by Country, 2020 & 2028 (%)

Figure 24.        China Digital Camera Market, Revenue and Forecast To 2028 (US$ Mn)

Figure 25.        India Digital Camera Market, Revenue and Forecast To 2028 (US$ Mn)

Figure 26.        Japan Digital Camera Market, Revenue and Forecast To 2028 (US$ Mn)

Figure 27.        South Korea Digital Camera Market, Revenue and Forecast To 2028 (US$ Mn)

Figure 28.        Australia Digital Camera Market, Revenue and Forecast To 2028 (US$ Mn)

Figure 29.        Rest of APAC Digital Camera Market, Revenue and Forecast To 2028 (US$ Mn)

Figure 30.           Impact of COVID-19 Pandemic in Asia Pacific Country Markets

 

  1. Canon Inc
  2. Eastman Kodak Company
  3. FUJIFILM Holdings Corporation
  4. Hasselblad
  5. Leica Camera AG
  6. Nikon Corporation
  7. OM Digital Solutions Corporation
  8. Panasonic Corporation
  9. RICOH IMAGING COMPANY, LTD.
  10. Sony Corporation
  • To understand the APAC 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 APAC digital camera market
  • Efficiently plan M&A and partnership deals in APAC 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 APAC digital camera market
  • Obtain market revenue forecast for market by various segments from 2021-2028 in APAC region
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