Published on : Feb 21, 2018
ALBANY, New York, Feb 21, 2018: The report has estimated that despite the declining CAGR, the demand in the camera accessories market will provide for a revenue of more than USD 4 billion by the end of 2021. Vendors of this market are aware of its potential and are now primarily targeting professional photography segment on the back of growing ubiquity of smartphones that has taken away a large chunk of consumers. The report, titled “Global Camera Accessories Market 2017-2021,” is a comprehensive study compiled by experienced research analysts who are experts in the business and commerce of electronic products. The report targets audiences such as manufacturers of camera accessories, contract manufacturing organizations (CMO), suppliers and distributors of camera accessories, ecommerce industry players, and end users.
The report makes a start with an insightful and figurative overview of how the camera accessories market has evolved in the recent past, where it is in its current scenario, and what are its figurative prospects in terms of demand. The valuations of the market has been represented in terms of US dollar million. Moving on, it provides comprehensive analysis of every important market dynamic such as opportunities, trends, restraints, and challenges, and their eventual impact on the demand have been estimated. The report segments the global camera accessories market on the basis of type and gauges the quantity and quality of demand that can be expected from various regions and countries. This is one of the primary aspect of the report as the analysts have recognized the limitations of region that many a vendors operate under and hence, showing them a way to expand further. To complete a thorough study, the report finishes off with a featured section on the competitive landscape of the global camera accessories market, wherein a number of prominent players have been evaluated for their market shares, business overview, product portfolio, recent strategic decisions such as mergers and acquisitions and collaborations, and geographical presence.
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The analysts of the report has attributed the strength of the camera accessories market, or rather its sustained profitability, to continuous technological advancements in terms of digital imaging since the advent of mirrorless interchangeable lens camera (MILC) and digital single-lens reflex (DSLR). These high quality products offer enhanced HD pictures and video of strong resolutions. These accessories are compatible with difference lenses and go a long way towards enabling users to customize the cameras as they desire. The analysts of the report have also noted a few trends of the market that must be recognized by the top vendors of this market, such as rising popularity of ecommerce, shift in demand from developed nations to developing nations, increased market penetration of smartphone camera accessories, and introduction of memory cards with Wi-Fi capabilities.
Based on product type, the report segments the global camera accessories market into lenses, tripods, bags and cases, docking stations, batteries and chargers, flash cards, and others. Currently, the lenses segment is showing greatest promise on the back of rising number of photography enthusiasts in not only the developed countries but also due to increasing disposable income of urban population in some of the emerging economies. The vendors offer lenses of various type, such as wider angles, optical adjustment, and enhanced zooming. Geographically, the report highlights Americas as the most profitable region, gaining strong traction from the developed countries of the U.S.
The report identifies Canon, Nikon, Panasonic, Samsung Electronics, and Sony as some of the most prominent companies currently operating in the global camera accessories market, while highlighting a few other notable vendors such as Fujifilm, Delkin Devices, Benro, Slik, Metz-Werke, Olympus, Miller Camera Support Equipment, Ricoh, Sigma Corporation of America, VitecGroup, and Velbon.
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