Trusted Business Insights presents the Latest Study on Digital Camcorders Market 2019-2025. The report contains market predictions related to market size, revenue, production, CAGR, Consumption, gross margin, price, and other substantial factors. While emphasizing the key driving and restraining forces for this market, the report also offers a complete study of the future trends and developments of the market. It also examines the role of the leading market players involved in the industry including their corporate overview, financial summary, and SWOT analysis.
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Abstract, Snapshot, Market Analysis & Market Definition: Global Digital Camcorders Market
The global digital camcorders market size was valued at USD 1.8 billion in 2018. The growth in the media and journalism industry at a global level is expected to have a positive impact on the market growth. Electronic media channels including news organizations have been using camcorders frequently, especially for covering news from remote locations. Additionally, low budget movie and television show production houses use camcorders to reduce their expenses.
Even some of the popular movies including Paranormal Activities and 28 Days Later have been completely shot through these products. Students and apprentices in the fields of film making are the key consumers. Digital camcorders manufacturers have been investing in R&D of the electronic devices and launching the products in line with the requirements of different customer segments.
Over the past few years, video recording has gained traction in domestic celebrations, get together, and festivals. People across the world have started recording life moments including birthdays, marriages, and wedding anniversaries. Easy availability of the product and affordable prices and simple storage technologies have promoted people to record their day to day activities, which include the first steps of a baby walking and funny things that pets do. The social media has initiated a trend of sharing such recordings with friends and families. Therefore, the above-mentioned trends are creating a push for professional camcorder market growth.
Over the past few years, education and academic research have seen a rapid deployment of camcorders. With the advent of digital education, lectures are recorded and uploaded on e-learning sites, which broadens the reach of a teacher. The number of tutors of different subjects and curriculums have been recording their lectures for posting them on the online platforms including Youtube. Similarly, students use these devices for their academic research, experiments, and interviews. The use of such video devices helps them in keeping an evidence for their research and proper presentation of their observation and conclusion. Similarly, surveys and interviews have become much easier to capture and store when recorded with camcorders.
Wildlife researches and documentaries are also driving the industry. The photography of wild animals requires camcorders with prime resolution and their ability to shoot in darkness during night is driving its demand. Furthermore, these devices are capable of providing characteristics including light weight, enough storage capacity, and ability to record high speed motions. Rising spending on safari travel among working class professionals on account of growing consumer awareness regarding luxury leisure activity is expected to promote the utility of camcorders.
Market Segmentation, Outlook & Viewpoint: Global Digital Camcorders Market
Resolution Market Segmentation & Outlook (Revenue, USD Million, 2014 – 2025)
Full HD (1920 x 1080) 1080p
UHD (3840 x 2160) 2160p
Distribution Channel Market Segmentation & Outlook (Revenue, USD Million, 2014 – 2025)
Key Players, Recent Developments & Regional Insights: Global Digital Camcorders Market
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Offline accounted for the largest share in 2018 as people in developing countries including China, India, and Bangladesh hugely rely upon on nearby stores and convenience departments. Furthermore, people enjoy shopping through these channels for physical verification, instant comparison, and huge reliance. People are careful while spending the huge amount and thus, make sure to verify the product personally before the purchase and in case of further support, get back to the seller quickly.
Online sales is expected to witness the fastest growth as a result of increasing penetration of smartphones and tablets among millennials across the globe. These channels provide access to a variety of digital camcorders irrespective of any regional and country barriers. Furthermore, access to various product variants on a single platform provides the choices to consumers prior to any purchase. Majority of manufacturers themselves sell the products through their own platforms in order to reach people. The discounts offered at the online sites are significant and are able to draw customers. Along with this, assistance provided by the bloggers over each of these products, their technical specifications, and their comparison to other products available in the market makes the decision easy for buyers.
Europe is expected to be the fastest growing market, expanding at a CAGR of 11.1% from 2019 to 2025. Tourism is a highly sort after activity among the youngsters of countries including Italy, France, and Greece. Therefore, people prefer carrying their own recording devices to capture these moments with friends and scenic beauties around them. Furthermore, the educational curriculum in some of the countries including Sweden and Belgium believes in giving projects that are practical and is conducted in natural environment. Thus, parents, kids, and most teachers insist upon recording the observations through the use of digital camcorders.
Digital Camcorders Market Share Insights
Some of the key players are Canon Inc.; GoPro, Inc.; JVCKENWOOD Corporation; Panasonic; SAMSUNG; SONY; Toshiba Corporation; and Vivitar Corporation. The market is driven by research and development in these products. Organizations have been launching products consistently to incorporate the newest technologies and evolved functioning. They are increasing their focus on reducing the weight and improving the picture quality.
Manufacturers have been striving to launch products that are affordable for customers and are of fine quality. One of the latest updates made in the product is related to the ability of the device to connect to internet. Products that can connect wi-fi have been launched and these can record and upload media on the cloud simultaneously, which has made live telecast an easy task.
Key Insights Covered: Global Digital Camcorders Market
1. North America, Europe, Asia Pacific, Middle East & Africa, Latin America market size (sales, revenue and growth rate) of Digital Camcorders industry.
2. Global major manufacturers’ operating situation (sales, revenue, growth rate and gross margin) of Digital Camcorders industry.
3. Global major countries (United States, Canada, Germany, France, UK, Italy, Russia, Spain, China, Japan, Korea, India, Australia, New Zealand, Southeast Asia, Middle East, Africa, Mexico, Brazil, C. America, Chile, Peru, Colombia) market size (sales, revenue and growth rate) of Digital Camcorders industry.
4. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of Digital Camcorders industry.
5. Global market size (sales, revenue) forecast by regions and countries from 2019 to 2024 of Digital Camcorders industry.
Research Methodology: Global Digital Camcorders Market
- Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
- Demand Side Primary Contributors: OEMs, Industrial Professionals, Researches, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.
- Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among other
Quick Read Table of Contents of this Report @ Digital Camcorders Market Size, Share, Sector / Industry Report & Analysis, 2025
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