North America Digital Camera Market to Grow at a CAGR of 5.3% to reach US$ 3,391.98 Mn Million from 2021 to 2028

The digital camera market in North America is expected to grow from US$ 2,366.96 million in 2021 to US$ 3,391.98 million by 2028; it is estimated to grow at a CAGR of 5.3% from 2021 to 2028.

The US, Canada, and Mexico are major economies in North America. Surge in demand for lightweight and high-quality digital cameras is the major factor driving the growth of the North America digital camera market. With the growing trend toward photography, the demand for digital cameras is expanding. Digital camera allows to capture and store photos and videos digitally rather than printing it to film as per traditional analog cameras. As the consumers are becoming enthusiastic toward sight capturing, the demand for compact, lightweight, and high-quality cameras is rising. Further, the introduction of digital cameras and smartphones has created photography a mainstream profession, which have subsequently generated the need for high quality cameras with user-friendly interface and affordable price. The use of point & shoot digital cameras has been ideal for simple still photography since long time as they offer ease in operation along with compactness and are quite budget friendly. However, the demand for such cameras is often replaced by smartphones possessing high performing in-built cameras supporting casual photography. Hence, digital camera manufacturers are focused toward building lightweight, compact, and high-quality digital cameras, which could provide better imaging than a flagship smartphone and could effectively match the needs of personal and professional photographers. For instance, the growing focus toward pocket friendly and lighter cameras, which could offer better autofocus coverage and superior video performance, has created the demand for compact digital cameras, bridge camera, and mirrorless cameras, which is further anticipated to drive the market in North America.

The US has the highest number of confirmed cases of coronavirus, as, compared to Canada and Mexico. This is negatively impacting the consumer electronics industry in the region as the COVID-19 pandemic negatively affects the supply and distribution chain. The unprecedented rise in number of COVID-19 cases across the US and the subsequent lockdown of its numerous manufacturing facilities has negatively influenced the growth of the various markets including digital camera market. The decline in revenue owing to less customer demand coupled with limited production capabilities of digital cameras is affecting the growth of digital camera products in the North American region. However, to control the spread of virus, the video shooting and also the film industry is witnessing disruptions which is anticipated to affect the market growth in a negative manner, especially in 2020.

 

North America Digital Camera Market Segmentation      

North America Digital Camera Market – By Type

• Compact Digital Camera
• Bridge Camera
• DSLR Camera
• Mirrorless Camera
• Digital Rangefinder Camera
• Line-Scan Camera

North America Digital Camera Market – By End User

• Personal
• Professional

North America Digital Camera Market – By Country

• US
• Canada  
• Mexico

North America Digital Camera Market -Companies Mentioned

• 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

North America Digital Camera Report Scope