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.
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Imaging Devices
This report originates from Passport, our Imaging Devices research and analysis database.
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