Mirrorless Camera Market size to grow by USD 4.77 Bn | Dominated by Canon Inc., Eastman Kodak Co., FUJIFILM Holdings Corp., and others | Technavio

NEW YORK, Jan. 5, 2022 /PRNewswire/ -- The global mirrorless camera market will observe maximum growth in APAC in the coming years. Many established brands such as Canon and Nikon in the region are starting to offer mirrorless cameras to cater to the growing consumer demands. The adoption of such cameras is gaining momentum in India with several initiatives undertaken by the Indian government to support online distribution channels such as pure-play e-retailers, online sales of physical store retailers, and direct-to-customer online sales. In addition, rising internet penetration and the increasing consumer preference for online shopping are creating significant growth opportunities for mirrorless camera manufacturers in APAC.

Attractive Opportunities in Mirrorless Camera Market by Distribution Channel and Geography - Forecast and Analysis 2021-2025

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Technavio estimates the global mirrorless camera size to increase by USD 4.77 billion between 2020 and 2025, expanding at a CAGR of 26.13% during the forecast period. The market is concentrated with a limited number of vendors. Canon Inc., Eastman Kodak Co., FUJIFILM Holdings Corp., Leica Camera AG, Nikon Corp., Olympus Corp., Panasonic Corp., Ricoh Co. Ltd., Samsung Electronics Co. Ltd., and Sony Corp. are some of the major market participants.

Factors such as the superior functionality and performance benefits of mirrorless cameras and the increased use of social media will offer immense growth opportunities. However, the high threat from smartphones, the poor battery performance of mirrorless cameras, and limitations of mirrorless cameras will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Mirrorless Camera Market 2021-2025: Segmentation

Mirrorless Camera Market is segmented as below:

  • Distribution Channel
    • Offline
    • Online
  • Geography
    • APAC
    • Europe
    • North America
    • South America
    • MEA

By distribution channel, the offline segment accounted for maximum sales of mirrorless cameras in 2020. The segment is driven by growth in organized retail and electronic specialty stores. Also, the establishment of factory retail outlets by vendors is contributing to the growth of the segment.

Similarly, by geography, APAC will emerge as the largest market, occupying 52% of the global market share. China and Japan are the key markets for mirrorless cameras in APAC. The market growth in the region will be faster than the growth of the market in other regions.

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Mirrorless Camera Market 2021-2025: Vendor Analysis

We provide a detailed analysis of around 25 vendors operating in the Mirrorless Camera Market. Backed with competitive intelligence and benchmarking, our research reports on the Mirrorless Camera Market are designed to provide entry support, customer profile, and M&As as well as go-to-market strategy support.

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Mirrorless Camera Market 2021-2025: Key Highlights

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will assist mirrorless camera market growth during the next five years
  • Estimation of the mirrorless camera market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the mirrorless camera market
  • Analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of mirrorless camera market vendors

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Mirrorless Camera Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 26.13%

Market growth 2021-2025

USD 4.77 billion

Market structure

Concentrated

YoY growth (%)

20.40

Regional analysis

APAC, Europe, North America, South America, and MEA

Performing market contribution

APAC at 52%

Key consumer countries

China, US, Japan, Germany, and UK

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Canon Inc., Eastman Kodak Co., FUJIFILM Holdings Corp., Leica Camera AG, Nikon Corp., Olympus Corp., Panasonic Corp., Ricoh Co. Ltd., Samsung Electronics Co. Ltd., and Sony Corp.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

Technavio (PRNewsfoto/Technavio)

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SOURCE Technavio

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