Research Nester published a report titled “Video Production Cameras Market: Global Demand Analysis & Opportunity Outlook 2031” which delivers detailed overview of the global video production cameras market in terms of market segmentation by type, and by end-user.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global video production cameras market is anticipated to grow with a CAGR of 6.1% over the forecast period, i.e., 2022-2031. The market is segmented by type into compact cameras, traditional film cameras, DSLR and mirrorless cameras, 360 cameras, and other. Amongst these segments, the DSLR & mirrorless cameras segment is anticipated to garner the largest revenue of USD 12,512.6 Million in the year 2031. Additionally, in the year 2021, the segment generated a revenue of USD 6,790.0 Million.
The global video production cameras market is estimated to garner a revenue of USD 57,928.8 Million in the year 2031, up from a revenue of USD 32,333.3 Million in the year 2021. Growing demand for smartphones, rising demand for HD channels, and growing urbanization are some of the major factors are expected to drive the market growth.
Growing Demand for Smartphones to Boost Market Growth
The number of smartphone users worldwide is anticipated to reach 6 billion in 2022, an increase of around 4% per year.
Modern smartphones come equipped with sophisticated cameras that make it impossible for users to record high-quality films and post them to social media. As a result, it is anticipated that there will be an increase in demand for smartphones, which would further fuel market expansion.
However, continuous new production, high cost of video production camera, and heavy weight of some camera such as broadcast camera which are expected to operate as key restraint to the growth of global video production cameras market over the forecast period.
Canon and Nikon Inc. are the only market players now offering video production cameras. These cameras include a variety of functionalities, such as a video stabiliser, an automation solution, and others. They are still working to make their product better by including additional features, that will benefit customers. Hence further they might compete in the market owing to their numerous benefits associated with the products.
The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global video production cameras market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.