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The digital camera market is projected to lose over US$280 million in value by 2025

A Sony digital camera. (Source: Sony)
A Sony digital camera. (Source: Sony)
Digital cameras are often the medium of higher-end online and social content, and are projected to get even more versatile and innovative as time goes on. Despite this, however, its market is now thought to decline by hundreds of millions of US dollars by 2025. This might be driven by fragmentation and competition from other device categories.

Digital cameras, particularly high-end ones, are still largely seen as a necessity when wishing to put a high-production-value gloss on one's content. Nevertheless, according to the latest market research from Technavio, their market is set to contract over the next 3 years from now (2022). It is now forecast to have a market value of US$284.66 million less than it did in 2020 by 2025.

This might be due to forces such as the rise of the premium smartphones rated to potentially supplant dedicated cameras. However, according to the latest report, it is also due to the fragmentation currently acting on the market. The digital camera market is split between a variety of distinct categories, from DSLRs to mirrorless units, and might diversify further into emerging hybrid variants on top of that as the technology moves forward.

On top of that, the digital camera market is portrayed as torn between a relatively large number of prominent and well-established players, Eastman Kodak, FUJIFILM, Nikon, OM (formerly Olympus), Polaroid and Ricoh included. Then again, Canon, Nikon, Panasonic, Samsung, and Sony remain the top 5 in the industry. On that note, their growth might seem stifled by high retail costs

Nevertheless, Technavio foresees some opportunity left in this market, particularly as innovation and emerging use-cases moves it forward. On the other hand, any emerging companies looking to get into the space may be best advised to aim for its lower-end at reduced price-tiers.

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A new infographic on the potential future of the digital camera market. (Source: Technavio)
A new infographic on the potential future of the digital camera market. (Source: Technavio)

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Deirdre O'Donnell
Deirdre O'Donnell - Senior Tech Writer - 5109 articles published on Notebookcheck since 2018
I became a professional writer and editor shortly after graduation. My degrees are in biomedical sciences; however, they led to some experience in the biotech area, which convinced me of its potential to revolutionize our health, environment and lives in general. This developed into an all-consuming interest in more aspects of tech over time: I can never write enough on the latest electronics, gadgets and innovations. My other interests include imaging, astronomy, and streaming all the things. Oh, and coffee.
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> Notebook / Laptop Reviews and News > News > News Archive > Newsarchive 2022 01 > The digital camera market is projected to lose over US$280 million in value by 2025
Deirdre O'Donnell, 2022-01-24 (Update: 2022-01-24)