Photography Equipment Market Scope
Photographic equipment used by both professional and non-professional photographers globally. The increasing popularity of online retailing is growing rapidly. Consumers have an option to choose photography equipment that matches their requirement and is compatible with the digital camera that they own. Various market players strategize and manufacture products with some add-on features and designs to stay ahead in the competition in the upcoming years.
According to AMA, the Global Photography Equipment market is expected to see growth rate of 6.21%
Research Analyst at AMA estimates that Japanese Vendors will contribute to the maximum growth of Global Photography Equipment market throughout the predicted period.
Canon Inc. (Japan), FUJIFILM Holdings Corporation (Japan), Nikon Corporation (Japan), Panasonic Corporation (Japan), Samsung Electronics Co. (South Korea), Sony Corporation (Japan), Leica Camera AG (Germany), Olympus Corporation (Japan), Hasselblad (Sweden) and The Ricoh Company, Ltd. (Japan) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
The study have segmented the market of Global Photography Equipment market by Type (Camera, Lens, The Tripod, SD Memory Cards and Others (Lighting, Filters, Camera Cleaning Kit, Other)), by Application (Professional Photography, Security Surveillance, Machine Vision and Others) and Region with country level break-up.
On the basis of geography, the market of Photography Equipment 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).
In August 2019, The Japan Aerospace Exploration Agency (JAXA) and Ricoh Company, Ltd. (Ricoh), announced that they have jointly developed a spherical camera that can be used in outer space (outside the spacecraft) to capture 360-degree spherical images in a single shot.
Market Trend
- An Upsurge in the Sale of Photography Equipment’s from Online Retailing Channels
- Product Innovation and Portfolio Extension Leading to Premiumization
Market Drivers
- Increasing Replacement Demand for Compact Cameras
- The Growing Sales of Tripods at Fast Rate in Photography Equipment
Opportunities
- Key Market Players are Focusing on the Development of high-Quality Cameras with Integrated Modern Technologies
Restraints
- High Cost of Camera's Equipment
Challenges
- Rental Photography Equipment Posing Challenge for Cameras
Key Target Audience
Photography Equipment Manufacturers, Raw Material Suppliers/Distributors, Equipment Suppliers/Distributors/Wholesalers, End Users and Others