photography equipment market 2018-2022 is expected to post a
CAGR of over 6% during the forecast period, according to the
latest market research report by Technavio.
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Technavio has published a new market research report on the global photography equipment market from 2018-2022. (Graphic: Business Wire)
A key factor driving the growth of the market is product innovation and
portfolio extension leading to premiumization. There is a high demand
for high-quality cameras with integrated modern technology. Thus, the
products such as cameras and other equipment with innovative features
and functionalities are priced higher than other regular products. In
addition, portfolio extension also leads to product premiumization.
This market research report on the global photography equipment market
2018-2022 also provides an analysis of the most important trends
expected to impact the market outlook during the forecast period.
Technavio classifies an emerging trend as a major factor that has the
potential to significantly impact the market and contribute to its
growth or decline.
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In this report, Technavio highlights the increasing demand for MILCs and
waterproof cameras as one of the key emerging trends in the global
photography equipment market:
Global photography equipment market: Increasing
demand for MILCs and waterproof cameras
Vendors of photography equipment have introduced various types of
cameras to provide better photography experience and high efficiency.
One of the emerging trends in the market is the increasing demand for
mirrorless interchangeable cameras. These cameras have become very
popular over the years. Customers seek these cameras as they offer a
convenient photography experience and are easy to use.
“The MILCs are lighter and smaller than DLSRs. They do not contain
mirrors inside the camera body. Thus, the light passes directly through
the lens and the image sensors. Also, some of the users can use
third-party lens adapters in their mirrorless cameras. They can also
attach the lenses of other brands,” says a senior market research
analyst at Technavio.
Global photography equipment market:
This market research report segments the global photography equipment
market by products (cameras and other photography equipment) and
geographical regions (APAC, EMEA, and the Americas).
The cameras segment held the largest market share in 2017, accounting
for over 60% of the market. This product segment is expected to dominate
the global market throughout the forecast period.
The Americas led the market in 2017 with approximately 36% of the market
share, followed by APAC and EMEA respectively. The US, Canada, and
Brazil contributed the maximum share in the Americas.
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View source version on businesswire.com: https://www.businesswire.com/news/home/20180711005675/en/