Global Digital Camera Market
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Global Digital Camera Market size was US$ XX Bn in 2019 and is expected to reach US$ XX Bn by 2027, at a CAGR of XX% during forecast period.
Digital camera is image forming device, which uses an electronic image sensor to create still photographs and video recording with sound. Digital cameras are combination of a wide range of digital devices, ranging from personal digital assistants (PDA) and mobile phones to the Hubble and Webb Space Telescopes.
The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.
Increasing trend of photography is the major driving factor behind the growth of market. Digital camera offers some benefits such as instantaneous satisfaction, light in weight, no need of film, massive storage space for photos, multiple functions, easy sharing and editing, easy connection with TV and computer, different display options and quicker operations are ultimately improving the growth of digital camera market. Furthermore, innovative technological advancement in digital cameras, use of LCD screen and improved image quality are some of the key attributes that leads to the growth of market.
Nevertheless, high purchasing cost and adoption of Smartphone’s with better camera quality could hamper the growth of market. Also downsides of digital camera such as difficult management operations, lack of skilled users, more power consumption, impermanence and sensitive to heat, cold and moisture could obstruct the growth of market.
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