Global Digital Cameras Market to Shrink to 1.2 Million Units by 2026

SAN FRANCISCO, May 13, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Digital Cameras - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

FACTS AT A GLANCE
Edition: 16; Released: March 2021
Executive Engagements: 4962
Companies: 21? Players covered include Canon Inc.; Eastman Kodak Company; Fujifilm Holdings Corporation; Koninklijke Philips N.V; Nikon Corporation; Olympus Corporation; Panasonic Corporation; Samsung Group; Sony Corporation; The Ricoh Company, Ltd. and Others.
Coverage: All major geographies and key segments
Segments: Lens Type (Built-in, Interchangeable)
Geographies: World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Spain; Russia; Rest of Europe; Asia-Pacific; Australia; India; South Korea; Rest of Asia-Pacific; Latin America; Argentina; Brazil; Mexico; Rest of Latin America; Middle East; Iran; Israel; Saudi Arabia; UAE; Rest of Middle East; Africa.

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ABSTRACT-

Global Digital Cameras Market to Shrink to 1.2 Million Units by 2026
Amid the COVID-19 crisis, the global market for Digital Cameras estimated at 8.4 Million Units in the year 2020, is projected to shrink to 1.2 Million Units by the year 2026, displaying  negative CAGR of -28.7% over the analysis period. Built-in cameras, one of the segments analyzed in the report, is projected to record -32.6% CAGR and shrink to 226.5 Thousand Units by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Interchangeable cameras segment is readjusted to a revised -26.5% CAGR for the next 7-year period.

The U.S. Market is Estimated at 1.1 Million Units in 2021, While China is Forecast to Dwindle to 218.7 Thousand Units by 2026
The Digital Cameras market in the U.S. is estimated at 1.1 Million Units in the year 2021. China, the world`s second largest economy, is forecast to witness erosion in sales to 218.7 Thousand Units by the year 2026 trailing a negative CAGR of -26.9% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at -31.4% and -28.3% respectively over the analysis period. Within Europe, Germany is forecast to decline at approximately -30.4% CAGR.

Built-in Camera Segment to Further Shrink to 379.6 Thousand Units by 2026
Global market for Built-in Camera segment is estimated at 3.6 Million Units in 2020, and is projected to shrink to 379.6 Thousand Units by 2026 reflecting a negative CAGR of -32.6% over the analysis period. Europe constitutes the largest regional market for the Built-in Camera segment, accounting for 31.6% of the global sales in 2020. Africa is poised to register a decline of -26.1% over the analysis period, to shrink to 4.7 Thousand Units by 2027. More

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Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world's only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.

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Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com 
Email: [email protected] 

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