Global Digital Camera to grow by 16.17% by 2018 |
Posted: May 27, 2014 |
Mumbai, India – May 26, 2014 – According to research conducted on the global Digital Camera market, this industry is estimated to grow at a CAGR of 16.17% between 2013 and 2018. The constant competition from the market of Smartphones is one of its largest competitions.
The global market of Digital Cameras has been growing by leaps and bounds thanks to the great demand of MILCs - ‘Mirrorless Interchangeable Lens Camera’. Digital cameras are exclusive camera devices which preserve the videos and images in a ‘digital’ format instead of using a photographic film which was employed by traditional cameras. MILCs and DSLR or Digital Single Lens Reflex Cameras use in-built high quality lens including those like point-and-shoot camera and interchangeable lens camera for clicking outstanding photographs. DSLRs are quite popular as its technology is a unique fusion of mechanism of an SLR or Single Lens Reflex camera enriched with digital image sensor and standard optics. Gadget geeks around the world are all attracted to various kinds of digital cameras these days, while photography is increasingly becoming a popular hobby thus propelling the market forward.
Important Areas - Global Digital Camera Market Some of the essential regions across the globe which specialize in the sector of manufacturing Digital Cameras include Latin America, EMEA or Europe, Middle East and Africa, APAC or Asia Pacific and North America.
Key Gainers of Global Digital Camera Market There exists a group of key players who have been responsible for the economic growth of the global Digital Camera market. They are Nikon Corp., Canon Inc., Samsung Electronics Co. Ltd., Panasonic Corp., Sony Corp., Fujifilm Corp., Hewlett-Packard Co., Casio Computer Co., Ricoh Co. Ltd., Leica Camera AG, Olympus Corp., Sigma Corp., Sakar International Inc. and Toshiba Corp.
Overall Market Outlook The rising demand of personalized digital cameras has been driving the global digital camera market towards large chunks of profits.
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