Digital Camera Market Size (2024 - 2029)

Digital Camera Market Analysis

The Digital Camera Market size is estimated at USD 5.39 billion in 2024, and is expected to reach USD 6.83 billion by 2029, growing at a CAGR of 4.85% during the forecast period (2024-2029).

• The expansion of the digital camera market was fueled by advances in artificial intelligence and other new technologies, enabling camera forms to become smaller and more powerful. In low-light circumstances, artificial intelligence assists cameras in enhancing pictures and reducing noise. The tiniest working camera is the size of a rice grain. Modern technology enables security firms to maintain a high resolution while maintaining a compact footprint.
• Compact digital cameras such as GoPro have also seen increased demand for action photographs. Social media platforms, such as Instagram, have also improved the scope of photography among many global users. Rather than taking pictures through their phones, many people use professional digital SLRs to capture images and upload them to an app.
• Many companies also believe that although smartphone cameras have replaced digital cameras over the last decade, the growing awareness about digital cameras worldwide has differentiated their market and scope. Hence, digital cameras are expected to revive in the coming years.
• According to an industry expert, smartphone cameras are not meant to replace the higher-end DSLR and mirrorless cameras. While smartphone cameras have more features that use AI and computational photography techniques, they are still behind in terms of quality. Hence, the commercial photography market will always depend on digital cameras.
• Consumers increasingly favor smartphones over portable point-and-shoot cameras to benefit from expanded functionality in a single device, which is projected to be a significant issue for this industry. Smartphones' internet connectivity allows users to instantly upload photos to social networking sites, substantially influencing the diminishing market share for built-in lens cameras.
• In September 2023, FUJIFILM announced the introduction of the FUJIFILM GFX100 II digital camera (GFX100 II). The camera includes a newly developed, 102-megapixel high-speed image sensor and Fujifilm’s latest 5th generation X-Processor 5 image processing engine. This provides unique benefits to image makers, especially in the areas of high-speed, continuous shutter mode, autofocus (AF), and video.

Digital Camera Industry Segmentation

A digital camera records images in an electronic memory. Most cameras produced today are digital, largely replacing those that capture images on photographic films.

The digital camera market is segmented by lens type (built-in and interchangeable), camera type (compact digital camera, DSLR, and mirrorless), end user (pro photographers, prosumers, and hobbyists), and geography (North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa). The report offers the market size and forecasts for all the above segments in value (USD).