What is Telephoto Camera Market?
Cameras are optical devices which are used for recording images. A telephoto lens is mainly designed for photographing distant subjects such as wildlife, sports events and others. In addition, it is widely used in portrait photography. Rising demand from professional-level photographers and increasing usage of telephoto cameras in the various applications are likely to be prime drivers for market growth.
The market study is being classified, by Application (Consumer Level and Professional Level) and major geographies with country level break-up.
Nikon Corporation (Japan), Canon Inc. (Japan), Bower (United Kingdom), Olympus Corporation (Japan), Pentax (Japan), Phottix (Poland), Sony Corporation (Japan), Aputure (China) and Meike (United States) are some of the key players profiled in the study.
Research Analyst at AMA predicts that Japan Players will contribute to the maximum growth of Global Telephoto Camera market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Telephoto Camera market by Type, Application and Region.
On the basis of geography, the market of Telephoto Camera 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- The growing use of telephoto camera technologically advanced services in on-demand photography. For instance, according to an article published by U.S. Bureau of Labor Statistics, in 2012, there were more than 136,300 photographers. In 2022, the Bureau projects more than 5,900 new jobs will be added to the market, which represents a 4% job growth rate. Hence, it will increase in the demand for a telephoto camera product.
Market Trend
- Increasing Usage of Displays with 4k Resolution Standard across the World
Restraints
- Availability of Substitute in the Market
Opportunities
- Growing Demand from Emerging Market
Challenges
- Lack of Consumer Awareness
There are a various company such as Samsung has also taken initiative to implement telephoto camera on the phone. In 2019, for instance, Galaxy Note10, Note10+, and Galaxy Fold feature a dual rear camera that has a telephoto camera and a wide-angle camera. Hence, it will help to enhance the market growth.
Key Target Audience
Telephoto Camera Companies, Research and Development (R&D) Companies, Research Organization, Federal Agencies and Others