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Novel Features and MILCs Will Sustain Global Digital Camera Market

Novel Features and MILCs Will Sustain Global Digital Camera Market is a new market research publication announced by Reportstack which is projecting a CAGR of 16.17 percent from 2013-2018. The digital camera market has seen a dip lately, mostly because demand for point-and-shoot cameras is being “cannibalized” by smartphones.

“Smartphones are equipped with high-resolution cameras and applications that enhance the captured image and allow it to be shared instantly with others. The increased use of advanced smartphones with high-quality cameras is significantly affecting the demand for point-and-shoot cameras,”.

But the market is maturing, and vendors are attempting to propel growth by introducing digital cameras with innovative features such as Wi-Fi, Bluetooth, 3G SIM card slots, direct interface to social networking sites and email, tablet-style touch screen interfaces, and Android operating systems to run applications, in an attempt to keep up with smartphones.

Additionally, even though smartphones have taken over as the go-to tool for amateur photographers, there is still great demand for DSLRs and mirrorless interchangeable lens cameras. 

Consumers are gaining an interest in photography via their smartphones and this eventually acts as an enabler for the sales of DSLR cameras and MILCs.

Mirrorless Interchangeable Lens Cameras Contributing to Market Growth

MILCs are lighter than DSLR cameras, while still offering high-quality pictures, so consumers don’t need to commit to carrying around a bulky DSLR. Additionally, MILCs are available in a range of prices, which could make them a more accessible option for consumers.

Top Vendors Include:

Canon Inc.

Nikon Corp.
Panasonic Corp.
Samsung Electronics Co. Ltd.
Sony Corp.

The report also delves into market drivers and challenges that could impact growth in the market over the projected period.

To determine the scenario for these vendors in the next 3-4 years, the analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.  

If you purchase this report, you can get free access to any one company profile and  its SWOT analysis from 50,000 company profiles available at Reportstack.

To view the table of contents and know more details please visit Novel Features and MILCs Will Sustain Global Digital Camera Market report.