PUBLISHER: Market Xcel - Markets and Data | PRODUCT CODE: 1267283
PUBLISHER: Market Xcel - Markets and Data | PRODUCT CODE: 1267283
India Professional Digital Camera Market value size will reach at USD 936.28 million in FY2030 at CAGR of 12.35% during the forecast period. The market is growing steadily due to the increasing demand for high-quality photography and videography. The market is primarily driven by professional photographers, videographers, and filmmakers who required advanced features such as high-resolution sensors, low-light photography, interchangeable lenses, and manual controls to capture high-quality images and videos. Apart from this, increasing popularity of social media platforms and the rise of digital marketing led to a surge in demand for high-quality visual content.
Mirrorless cameras are gaining popularity among professional photographers in India, largely due to their compact size, ease of use, superior image quality, video capabilities, affordability, and popularity among professional photographers. In recent years, the market observed sudden paradigm shift towards mirrorless cameras from digital SLR cameras (DSLR) and have managed to grab majority market share in short time. This is being driven by leading market players shifting focus in production of more mirrorless cameras than DSLRs amid the growing preference of end-users towards these cameras.
Hybrid cameras, also known as Mirrorless interchangeable-lens cameras (MILCs), have gained immense popularity among vloggers, content creators, and social media influencers who seek a camera that is portable, lightweight, and delivers exceptional image and video quality. The emergence of social media platforms such as Instagram, YouTube, and TikTok has amplified the need for cameras that can capture high-quality content for these platforms.
The COVID-19 pandemic has had a significant impact on the Indian economy, including the professional digital camera market. Due to the nationwide lockdown and restrictions on movement and gatherings, many photography projects, events, and shoots were postponed or cancelled. As a result, the demand for professional digital cameras decreased significantly. In addition, the closure of multi brand stores and showrooms also affected the market as it became difficult for photographers and enthusiasts to access cameras and related equipment. However, online sales of professional digital cameras increased as many people shifted to online shopping during the pandemic.
The pandemic affected the supply chain network drastically which heavily restrict the import of cameras and led to an increase in the prices of professional digital cameras in India as there is no manufacturing facility for cameras in India. Despite the challenges, in post COVID scenario, the professional digital camera market in India is recovering in the coming years as the situation normalizes and the demand for high-quality content and digital photography increases.
In this report, India Professional Digital Camera Market has been segmented into the following categories:
To expand the market share and profitability, several businesses are focusing on strategic collaboration projects. However, the mid-size and small businesses are leveraging the expansion capabilities on gaining new contracts and tapping into new markets as result of technical improvements and product innovations.
The market is highly competitive with key players involving Canon India Pvt. Ltd., Nikon India Pvt. Ltd., Sony India Pvt. Ltd., Panasonic Life Solutions India Pvt. Ltd., Fujifilm India Pvt. Ltd.
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Market Xcel reports are based on qualitative and quantitative data collected through 'on-ground' primary research interventions. Based on our in-depth research, our reports can also provide granular city/state level market size data. The report includes deeper actionable insights provided by the industry experts & Key Opinion Leaders thus offering cutting-edge business solutions. The forecast data included in the report is based on 'Drivers based forecasting' technique ensuring accurate decoding of the future.