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Digital Camera Market Share, Size, Key Players, Research and Forecasts to 2025 | Hexa Research
“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. ”
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, an d 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. Advancements in features and increase in the number of events across the globe are the k ey factors to drive the demand for these cameras over the forecast period. Furthermore, rising consumer trend to capture everyday life moments is analyzed to boost the sales of DSLRs cameras. 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.
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