In the forecast period, digital cameras is projected to continue to see a declining volume CAGR, driven by the continued decline in consumer demand. However, globally there is a strong consumer appetite for innovations in digital imaging, driven by the Asia Pacific market.
In the forecast period, digital camcorders is set to see a double-digit negative retail volume CAGR, as demand is limited mostly to professional consumers. As 4K digital cameras have become widely available, professionals are looking for a step up in resolution, and digital imaging manufacturers are planning to expand their 6K and 8K resolution offerings in the forecast period.
As camera-equipped smartphones take over the casual digital imaging space, manufacturers of digital cameras have quietly stopped the production of low-end compact, point-and-shoot digital cameras. Canon has not released any new compact cameras since 2017, and Sony has not offered any compact models since 2019.
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Understand the latest market trends and future growth opportunities for the Imaging Devices industry in USA with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
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Imaging devices includes cameras and camcorders.See All of Our Definitions
This report originates from Passport, our Imaging Devices research and analysis database.
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