Global cropped sensor camera market size was US$ XX Bn in 2019 and is expected to reach US$ XX Bn by 2027, at a high CAGR during the forecast period.
The report study has analyzed the revenue impact of COVID-19 pandemic on the sales revenue of market leaders, market followers, and market disrupters in the report, and the same is reflected in our analysis.
Any camera sensor which is smaller than the dimension of 35mm and full frame sensor is known as crop sensor camera. It is a type of digital camera, which contains circular lenses and generates a circular projection.
Increasing trend and popularity of photography among people is a major driving factor behind the growth of market. Growing technological advancements in digital cameras, rising adoption of crop sensor camera by professional photographers for sports, nature and wildlife photography, increasing preference of amateur photographers towards crop sensor camera owing to its low price and portability factor, high disposable income of consumers across the globe, an increase in the number of sharing of photos and videos on social media and regular introduction of compact, light in weight and affordable DSLR cameras in market are expected to improve growth of the market during the forecast period.
However, low image quality of crop sensor camera than full frame camera and its poor low light performance are major restraining factors that could hamper the growth of the market.
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Global Cropped Sensor Camera Market: Segmentation Analysis
By type, the advanced photo system type-C (APS-C) and micro four thirds cameras segments dominated the market in 2019 and are projected to witness fast growth at CAGR of XX% during the forecast period. These are the two most common and widely used types of crop sensor camera. Increasing manufacturing of APS-C type crop sensor cameras by leading manufacturers such as Nikon with crop factor 1.5x, Canon with 1.6x, Panasonic and Olympus with 2x crop factor is expected to witness fast growth during the forecast period.
Increased importance of crop sensor camera in professional photography:
APS-C and micro four thirds cameras were not much very popular and adopted by professional photographers few years ago. In the past years, crop sensors cameras were known for its poor performance and lack of various features compared to other cameras. However, growing technological advancements in crop sensor camera by leading manufacturers and wide scale adoption of micro four thirds crop sensor cameras and APS-C like the Olympus EM-1 Mk II, the Fujifilm X-T3, the Panasonic G9 and the Nikon D500 by professional photographers around the world is impacting positively on the growth of the market. The recent crop sensor cameras are more capable than other professional cameras and are being widely used in professional settings. Thanks to their immensely improved autofocus, enhanced low light performance and better build quality and tracking systems. Additionally, due to vast advancements in features such as face detection and eye focusing the demand of crops sensor cameras have increased in the global market.
Global Cropped Sensor Camera Market: Regional Analysis
Region-wise, Asia Pacific held the largest market share in 2019 and is expected to grow at a CAGR of XX% during the forecast period. The economies such as China, India, Japan, and South Korea are dominating the market. The growth is attributed to the rising adoption of digital cameras and growing trend of photography.
Increasing adoption of photography as a career by youngsters, the massive presence of world’s leading digital camera manufacturers and rising adoption by both amateur and professional photographers across the region is propelling the growth of market.
The objective of the report is to present a comprehensive analysis of the Global Cropped Sensor Camera Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Cropped Sensor Camera Market dynamics, structure by analyzing the market segments and projects the Global Cropped Sensor Camera Market. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Cropped Sensor Camera Market make the report investor’s guide.
The Scope of Global Cropped Sensor Camera Market
Global Cropped Sensor Camera Market, By Type
• Advanced Photo System type-C (APS-C)
• Micro Four Thirds cameras
• Digital single-lens reflex (DSLR) cameras
• Compact cameras
• Bridge compact cameras
• Mirror less interchangeable lens cameras
Global Cropped Sensor Camera Market, By Region
• North America
• Asia Pacific
• South America
• Middle East and Africa
Global Cropped Sensor Camera Market, Key Players
• Canon Inc
• The Eastman Kodak Company
• Nikon Corporation
• Samsung Group
• Panasonic Corporation
• The Ricoh Company, Ltd
• Fujifilm Holdings Corporation
• Sony Corporation
• Olympus Corporation
• GoPro, Inc
• Konica Minolta, Inc
• Sigma Corporation
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