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Digital Camera Market Share, Size, Key Players, Research and
Forecasts to 2025 | Hexa Research
“global digital camera market is expected to reach USD 28.71
billion by 2025. ”
13 December 2018
The global digital camera market is expected to reach USD 28.71 billion by 2025, influenced by a range of
radically evolving trends regarding picture quality, lenses, zooming, photo accessories, and other features. An
introduction of digital action camera with 4K and improved 360° video capturing are expected to boost the
global market. For instance, in 2016, Nikon launched 4K, 360-degree action camera to enter in action
segment market. It is wearable action digicam, capable of filming a 306-degree video with the 4K high
definition.
Reducing prices of digital cameras has also had a positive influence on the purchasing decisions of
consumers. Availability of a range of cameras suitable for enthusiasts and professionals is expected to drive
the market growth. The global market is presumed to grow at a revenue CAGR of 3.3% over the forecast
period.
Asia Pacific dominated the global market in 2016, and the trend is expected to continue over the forecast
period on account of an increasing consumer base, particularly in India. Rising disposable income of
consumers, especially in India, and Thailand along with growing number of individuals that want to pursue
their hobby of photography is expected to drive the sales of digital cameras and related accessories.
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