According to the latest report by IMARC Group, titled “North America Digital Camera Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025”, the digital camera market in North America reached a value of US$ 3.5 Billion in 2019. Digital cameras capture images digitally using a charged coupled device (CCD) and store them in a memory card. These images can be transferred to laptops, tablets and smartphones and printed on a paper without the requirement of developing a film roll. As compared to conventional cameras, digital cameras are quicker, lightweight, user-friendly and economical. Nowadays, manufacturers are introducing additional features, such as autofocus, best-shot selector and panorama, for expanding their consumer base.
Some of the key players Canon Inc NYSE: (CAJ), Nikon Corporation OTCMKTS: (NINOY), Sony Corporation NYSE: SNE, Panasonic Corporation OTCMKTS: PCRFY, Olympus Corporation.
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Due to high disposable incomes and the growing popularity of digital cameras, individuals in North America are currently focusing on upgrading their existing cameras. Apart from this, the increasing interest in wildlife photography is also catalyzing the demand for digital cameras in the region. However, the easy availability of mobile phones at an affordable rate with a high-resolution camera as well as internet connectivity is expected to hinder the market growth in the coming years.
Market Breakup by Type:
- Interchangeable Lens Cameras
- Line-Scan Camera Systems
- Digital Rangefinders
- Digital Single Lens Reflex (SLR) Cameras
- Built-in Lens Cameras
- Integration Camera
- Bridge Cameras
- Compact Digital Cameras
- Overview
- Research and Development
- Raw Material Procurement
- Manufacturing
- Marketing
- Distribution
- End-Use
Competitive Landscape Key Player:
- Canon Inc.
- Nikon Corporation
- Sony Corporation
- Panasonic Corporation
- Olympus Corporation
- Base Year Considered: 2019
- Historical Data Coverage: 2014-2019
- Market Forecast: 2020-2025
- Currency: US$
- Geography Covered: North America, United States and Canada
- Segments Covered: Type
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviors of the consumers globally—our estimates about the latest market trends and forecast values after considering the impact of this pandemic.
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