About Mirrorless Cameras
Mirrorless camera is equipped with the ability to interchange lenses allows the user to employ a variety of creative shooting scenarios. Mirrorless is the new name of the camera category that has evolved over the years. Mirrorless Interchangeable lens cameras (ILC) are a subset of interchangeable lens camera which do not use mirror technology. Further, the increase in the use of cameras as they are used in the travel and tourism industry, to upload pictures and videos on social media platforms are driving the global mirrorless camera market.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 4.7% |
The global mirrorless camera is highly fragmented with several players who are involved in collaborations and product launch. For instance, January 2019 Sony Electronics Inc. introduced an exciting new addition to its E-mount mirrorless camera lineup, the α6400 (model ILCE-6400). The α6400 brings many of Sony's most advanced technologies from their acclaimed full-frame lineup to a compact, lightweight APS-C camera. The speedy new camera boasts the world's fastest autofocus (AF) acquisition of 0.02 seconds, while also introducing the new advanced "Real-time Eye AF" and "Real-time Tracking" capabilities. Analyst at AMA Research estimates that Japan Vendors will contribute the maximum growth to Global Mirrorless Cameras market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Sony Corporation (Japan), SAMSUNG (South Korea), Panasonic (Japan), Olympus (Japan), Nikon (Japan), Leica SL (Germany), Fujifilm (Japan) and Canon (Japan) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Mirrorless Cameras market by Type (Changeable Lens and Fixed Lens), Application (Personal Use, Industrial Use and Others) and Region.
On the basis of geography, the market of Mirrorless Cameras has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution channel, the sub-segment i.e. Online will boost the Mirrorless Cameras market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Penetration e-Commerce Industry and Rising Population of Professional Photographers
Market Growth Drivers:
Increasing Disposable Income among Urban Population, Exchange of Pictures through Social Media Platforms such as Facebook, Instagram, WhatsApp, and Twitter with Mirrorless Camera Equipped Smartphones and Rapid Increase in the Purchasing Power among Consumers
Challenges:
Consumer Awareness about the Features Remains Low and Is Posing a Challenge for the Market
Restraints:
Significant Cost Factor Associated with Mirrorless Cameras
Opportunities:
High Investment by Manufacturers of Smartphones and AI (Artificial Intelligence) Incorporated with Mirrorless Cameras
Market Leaders and their expansionary development strategies
In September 2023, World Press Photo Foundation and Fujifilm announced a strategic partnership. This partnership will help us bring striking images and compelling stories to an even wider audience than before through our worldwide exhibitions and online platforms.
In July 2023, FUJIFILM India has announced the launch of its mirrorless digital camera “FUJIFILM X-S20”, in India. It is a new addition to the X Series of mirrorless digital cameras known for their compact and lightweight body and superior image quality based on the company’s proprietary color reproduction technology. In its compact and lightweight body, which is the popular property of the previous model, the X-S20 features AI-based subject-detection AF and capability to record 6.2K/30P video. The use of the newly adopted high-capacity battery means the camera can take approx. 800 frames and keeps operating for an extended duration of time, making it an ideal travel camera.
Key Target Audience
Mirrorless Camera Manufacturers, Industry Associations, Potential Investors, Government and Regulatory Bodies, Supplier and Distributors and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.