According to a recent report by Reports and Data, cameras and accessories market reached USD 3.04 Billion in 2021 and is projected to experience a compound annual growth rate (CAGR) of 13.1% throughout the forecast period. The rising trend of vlogging and content creation has created numerous opportunities for manufacturers in the camera and accessories industry. Leading players such as Sony, Canon, Nikon, DJI, and others are specifically developing cameras for producing cinematic content. These cameras often come equipped with features like remote control tripods and built-in microphones, allowing users to capture special moments with ease. These innovative advancements are stimulating the revenue growth of the market.
Content creators and photographers are increasingly opting for mirrorless cameras due to their ability to produce ultra-HD or 4K movie-like quality footage. These cameras offer the advantages of compact size, lighter weight, and improved autofocus functionality.
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Top Profiled Companies in the Global Cameras and Accessories Market Report:
Canon Inc., Nikon Corporation, Sony Corporation, FUJIFILM Corporation, Leica Camera AG, Hasselblad, Olympus Corporation, Panasonic Holdings Corporation, GoPro Inc., DJI technology, GODOX Photo Equipment Co., Ltd., Videndum Media Solutions, Vanguard Group, Inc., and Western Digital Corporation.
Some Key Highlights From the Report
- The digital still camera segment accounted for the largest revenue share in 2021. Digital still camera is frequently bought by consumers for capturing high-quality photographs with better shutter and aperture control. A Digital Single Lens Reflex (DSLR) camera is an ideal device for capturing professional photography and a DSLR camera allows photographers to experiment with functionalities such as ISO, RAW, aperture priority, High Dynamic Range (HDR), and autofocus. Whereas, a mirrorless camera allows photo enthusiasts to capture detailed and sharp cinematic shots with the advantage of APS-C sensor technology. Moreover, action cameras are a popular segment for taking breathtaking actions and adventure shoots. Action cameras come with waterproof and shockproof resistant feature; therefore, a large number of adventure enthusiasts buy action cameras for use in extreme environments.
- The standard lens segment accounted for larger revenue share in 2021. A standard lens is a built-in standard kit. It is ideal for focusing attention on the subject and shooting candid photos. Wide angle lens is a promising segment in elevating revenue growth of the market. Many photographers own wide angle lenses for capturing wide angle and full-frame sharp shots. Whereas, macro and telephoto lenses are widely adopted for taking incredibly depth and close-up photos. A macro and telephoto lens has excellent functionality in bokeh and portrait shots.
- The tripod segment accounted for the largest revenue share in 2021. Tripod is one of the most sold accessories with a camera for providing it with secure and stable support. Tripod allows photographers to capture images with slower shutter speeds. Effects such as long exposures, traffic trails, and smooth panning require rock-solid support of a tripod and a large number of professional photographers buy tripods. Flash and lights enhance creativity with lighting and a large number of companies are cross selling flash lights with their products, which is driving revenue growth of the segment. Moreover, the gimble segment is growing drastically among photographers and content creators for mechanical stabilize cinematic footage without the need for a larger tripod. Additionally, the requirement for polarizing filters, memory cards, chargers, batteries, and camera neck trap is increasing with rising demand for various types of cameras.
Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)
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Further market segmentation
Camera Type Outlook (Revenue, USD Billion; 2019-2030)
- Digital still camera
- Digital single lens reflex (DSLR) camera
- Mirrorless camera
- Action camera
- Bridge camera
- Instant camera
- Camcorder
- Others
Lens Type Outlook (Revenue, USD Billion; 2019-2030)
- Standard
- Wide angle
- Macro
- Telephoto
- Prime lens
- Zoom lens
- Tilt-shift lens
Accessory Type Outlook (Revenue, USD Billion; 2019-2030)
- Tripod
- Flash and lights
- Gimble
- Remote shutter release
- Polarizing filter
- Memory card
- Charger
- Battery
- Camera neck strap
- Others
End use Outlook (Revenue, USD Billion; 2019-2030)
- Personal
- Professional
- Vlogging
- Film Making
- Others
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