At 11.2% CAGR, Digital Camcorders Market Size to Surpass US$ 3.61 Billion by 2025
The latest research report on Digital Camcorders Market delivers a comprehensive study on current market trends. The outcome also includes revenue forecasts, statistics, market valuations which illustrate its growth trends and competitive landscape as well as the key players in the business.
Digital Camcorders Market is valued at USD 1.72Billion in 2018 and expected to reach USD 3.61Billion by 2025 with the CAGR of 11.2% over the forecast period.
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Scope of Global Digital Camcorders Market Report–
Digital camcorders are a digitally electronic device with a combination of a video camera and a videocassette recorder. Digital camcorders can help to record video at a higher resolution with high definition quality. For recording of the video, various devices are being used such as mini-HD, micro-DVD, internal flash memory, and SD cards. The digital camcorders have many facilities to store in the computer for editing and copying to a DVD, digital camcorders can be connected to a computer by use of a USB or FireWire cable. These can also be connected directly to a TV for video playback, using composite video cables or HDMI on newer models. The digital video recording demand has been increased in domestic celebrations, events, get together, and festivals. People across the world have started to record various moments including marriages, birthdays, entertainment, and wedding anniversaries. The digital camcorders are easily available with affordable prices and simple storage technologies to promote people to record their day to day activities.
The Global Digital Camcorders Market is segmented on the basis of product type, distribution channel, quality of recording, end-user, and region& country level. On the basis of product type, the digital camcorders market is classifiesasmini-DV camcorders, DVD camcorders, hard disk drive (HDD) camcorders, flash memory camcorders and combo modelsand many others. On the basis of distribution channel, the market is segmented online and offline.On the basis of quality of recording, the global digital camcorders market is classified as high definition, and ultra high definition. On the basis of end-user, the global digital camcorders market is segmented into amateurusers and professional users.
The regions covered in global digital camcordersmarket report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, global digital camcordersmarket sub divided in U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
Key players for Global Digital Camcorders Market Report–
Global Digital Camcorders Market reports cover prominent players likeCanon, Nikon, Sony, Panasonic, Phantom, Kinefinity, Pentax, JVC, Arri, Olympus, Fujifilm, Samsung, RED, Blackmagic, and many others.
News-
Sony Announced the New Sony FDR-AX43 Camcorder
February 11th, 2020; Recently Sony has launched a new 4K Handycam camcorder with feature of balanced Optical SteadyShot technology, with the help of a built-in gimbal mechanism. This device has the ability to capture smooth, natural high-quality video footage with the name FDR-AX43/B developed for content creators and vloggers to demonstrate a refined quality. This camcorder is designed for the number of tutors of different subjects and curriculums that records lectures for posting them on the online platforms including YouTube. This digital camcorder has many feature including 20x optical zoom, Clear Image Zoom of 30x for 4K and 40x for HD(3) 1/2.5-type Exmor R, CMOS image sensor and BIONZ image processing engine delivering excellent image quality, even in low-light conditions.
Global Digital Camcorders Market Dynamics–
Increasing demand of electronic devices and advent of digital education lectures are recorded and uploaded on e-learning sites, and other online platforms including YouTube as well as surge in the information technology platforms with the advanced technology & digitalization are some of the major factors driving the market growth.According Ofcom’s organization of communications, the radio, digital camcorders, Telecoms, TV, and post services has generated revenue Euro 54.7 Billion in 2017. In addition, rapidly increasing digitalization with advanced technology and rise in the online video recordings like on you tubeare also supplementing the market growth.According to a recent YouTube information, the YouTube has more than 2 billion videos’’ makers logged in each month and every day people watch more than billions of hours of video and hence this has generated huge demand for digital camcorders market for recording the videos.However, one of the major factors that may restrict the digital camcordersmarket growth is sometimes it needs the skills to shoot and for high quality video shooting the price of the camcorder is high. In spite of that,rising focus on manufacturing ofelectronicdevices with technological advancement using artificial intelligence, advent of nanotechnology, IoT, machine learning etc. for electronics and electrical industry can create huge opportunity for the further growth of theglobal digital camcordersmarket.
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Global Digital Camcorders Market Regional Analysis–
North America is expected to dominate theglobaldigital camcordersmarket with the potential rate due to early adoption of advanced technology by electronic deviceindustryas well as presence of digital platforms in this region followed by Europe and Asia Pacific.According to the United Nations Conference on Trade and Development, the United States and China owns 70 largest digital platforms like youtube, facebook, instagram etc. which contribute 90 percent of the total market capitalization value of the worlds. This creates a huge demand for the digital camcorders for the recording videos, and putting on the digital online platforms.In addition to this, the United States has the largest contribution for the global technology development. According to the CompTIA organization, the United States is the world’s largest tech market accounted around 32% of the total global technology shares with an estimation of approximately USD 1.7 trillion for 2020the size of the U.S. market followed by Europe.
Europe is expected to grow at a significant rate due to surge in the number of travelers operate camcorders to shoot the memorable moments followed by Asia Pacific. During the Covid-19 pandemic, all the industry has noted somehow slack in the sale including digital camcorders, cameras, smart phones and many others.
The Asia Pacific is the largest still the world’s strongest growth market for the growth of digital camcorders due to increased growth of electronic device manufacturing industry with surge in population.
Key Benefits for GlobalDigital Camcorders Market Report–
- Global digital camcorders market report covers in depth historical and forecast analysis.
- Global Digital camcordersMarket research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Competitive Analysis, Regional and Country Level.
- Global digital camcorders market report helps to identify opportunities in market place.
- Global digital camcorders market report covers extensive analysis of emerging trends and competitive landscape.
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Global Digital Camcorders Market Segmentation:–
Global Digital Camcorders Market: by Product Type
Mini-DV Camcorders
DVD Camcorders
Hard Disk Drive (HDD) Camcorders
Flash Memory Camcorders
Combo Models
Others
Global Digital Camcorders Market: by Distribution Channel
Online
Offline
Global Digital Camcorders Market: by Quality of Recording
High Definition (HD)
Ultra High Definition (UHD)
Global Digital Camcorders Market: by End-User
Amateurusers
Professional users
Global Digital Camcorders Market: by Regional & Country Analysis (North America, U.S., Mexico, Canada , Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of Middle East and Africa)
Table of Content
1. Chapter – Report Methodology
1.1. Research Process
1.2. Primary Research
1.3. Secondary Research
1.4. Market Size Estimates
1.5. Data Triangulation
1.6. Forecast Model
1.7. USP’s of Report
1.8. Report Description
2. Chapter – Global Digital Camcorders Market Overview: Qualitative Analysis
2.1. Market Introduction
2.2. Executive Summary
2.3. Global Digital Camcorders Market Classification
2.4. Market Drivers
2.5. Market Restraints
2.6. Market Opportunity
2.7. Digital Camcorders Market: Trends
2.8. Porter’s Five Forces Analysis
2.9. Market Attractiveness Analysis
3. Chapter – Global Digital Camcorders Market Overview: Quantitative Analysis
4. Chapter – Global Digital Camcorders Market Analysis: Segmentation By Type
5. Chapter – Global Digital Camcorders Market Analysis: Segmentation By Application
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