(Entertainment-NewsWire.com, February 12, 2016 ) The demand for high end interchangeable lens digital still camera is not much affected by the escalating growth of smartphones. With the improvement in internet infrastructure and wireless communication market, the consumers are now more connected, as they found smartphones much better for uploading and sharing videos and photos in real time. Moreover, the consumers in developing countries who could not previously afford a camera are not expected to own cameras in the coming five to six years, owing to the availability of cost-effective alternative, such as smart phones and feature phones.
The higher resolution of smartphone cameras and their user friendly operation has led to widespread adoption of smart phones in the consumer electronics market. The sales of compact and point-and-shoot cameras had been falling, opposite to the astronomical rise of smartphone cameras. Even though smartphone cameras do not typically match the quality of the digital still camera; while the technology is constantly improving, as the quality of camera image output becomes too high for consumers to reliably differentiate. Further, the sales of single reflex cameras (SLRs) also began to decline, as the product needs innovation, modernization and transition to high end mirror less technology.
North America accounted for the largest market of digital camera in 2014. Asia-Pacific witnessed the slowest market declination over the years, and expected to surpass the North American digital camera market during the forecast period to become the largest regional market by the end of 2020. The European digital still camera market has fallen at the fastest rate. Despite of the falling market, China, Japan, India, the U.K., the U.S., Canada, and Brazil remains the important market for the digital still camera.
The digital still camera market is consolidated. The top three vendors of the market accounted for more than 50% share of the global market in 2014. With the falling market of digital still camera, the treat of new entrants is possible. Moreover, the price pressure in the global digital still camera market has also increased over the years. Some of the competitors in the digital camera market are, Canon Corporation, Eastman Kodak, FujiFilm, Olympus Corporation, Samsung, Sony Corporation, and Casio Corporation.
Global Digital Still Camera Market Segmentation By Type Compact Digital Cameras Mirror-less Interchangeable-lens Cameras Digital Rangefinders Bridge Cameras Digital Single Lens Reflex (SLR) Cameras Line-scan Camera Systems By Geography North America Latin America Eastern Europe Western Europe Asia-Pacific Middle-East and Africa
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