According to a new market report published by Credence Research Inc., Digital Camera Market (By Type (Built-in Lens Digital Camera and Interchangeable Lens Digital Camera (Single Lens Reflex and Non Reflex))) - Growth, Share, Opportunities, Competitive Analysis, and Forecast 2016 2023, the worldwide shipments for digital cameras stood at 35.4 Mn units in 2015, a decline of 18.4% over previous year. The trend is expected to continue during the forecast period.

Browse the full Digital Camera Market - Growth, Share, Opportunities, Competitive Analysis, and Forecast 2016 2023 report at http://www.credenceresearch.com/report/digital-cameras-market

Market Insights

Digital cameras are one of the most popular products in the consumer electronics business. However, digital camera manufacturers and retailers have struggled to keep pace with the technological advancements and changing consumer behavior that characterize sales of consumer electronic products. The lack of innovation in digital cameras has resulted in consumers being reluctant to buy newer models, leading to profit crunching. Thus, focus on product innovation is the requisite strategy for manufacturers as their search for the next big thing continues.

On the contrary, the emergence of social networking sites such as Facebook, Instagram, and Tumblr among others has kept the digital camera market afloat. Increasing popularity of these social networking sites and the prevailing trend of sharing high quality images over multiple platforms has given the necessary traction to the digital camera market. Digitization of consumer electronic products is another factor that has been instrumental in fueling the market demand. Digital media has transformed the field of photography, photo sharing sites, and networking sites, thereby creating sound growth opportunities for digital cameras. It has also led to a rise in the number of hobbyists pursuing digital photography. The market for digital cameras witnessed a gradual slowdown in the beginning of this decade due to economic instability in the developed economies and natural calamities in Japan and Thailand. Since then, the shipments have continued to decline through 2015. However, rise in discretionary income and intensifying market competition is expected to keep the market for digital cameras afloat.

Competitive Insights:

Some of the leading players identified in the global digital camera market include Nikon Corporation, Canon, Inc., Samsung Electronics, Co., Ltd., Fujifilm Holdings Corporation, Sony Corporation, Kodak Company, Victor Company of Japan Ltd., Kyocera, Panasonic Corporation, Olympus Corporation, Polaroid Corporation, The Ricoh Company Ltd., and Sanyo Electric Co. Ltd. Expansion through strategic partnerships, mergers, and acquisition is pushing market towards consolidation. In addition, many manufacturers are pulling out of the market in view of declining sales. For instance, Samsung recently pulled out of the digital camera market in Australia in view of declining sales and a lack of acceptance. Thus, we expect market to achieve consolidation in the coming years owing to the anticipated decrease in the number of digital camera manufacturers.

By type:

• Line-scan Camera Systems
• Integration
• Compact Digital Cameras
• Bridge Cameras
• Mirror-less Interchangeable-lens Cameras
• Digital Single Lens Reflex (SLR) Cameras
• Digital Rangefinders
• Waterproof

Key Trends:

• Proliferation of smartphones and tablets have led to the downfall of digital cameras
• Regulated demand for digital cameras with interchangeable lens
• Product Innovation is the key growth strategy
• The advent of social media: Boon as well as Curse

Browse the full Digital Camera Market - Growth, Share, Opportunities, Competitive Analysis, and Forecast 2016 2023 report at http://www.credenceresearch.com/report/digital-cameras-market

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A digital camera or digicam is a camera that captures photographs in digital memory. Most cameras produced today are digital,[1] and while there are still dedicated compact cameras on the market, the use of dedicated digital cameras is dwindling, as digital cameras are now incorporated into many devices ranging from mobile devices to vehicles.[2] However, expensive, high-end, high-definition dedicated cameras are still commonly used by professionals.

Digital and movie cameras share an optical system, typically using a lens with a variable diaphragm to focus light onto an image pickup device.[3] The diaphragm and shutter admit the correct amount of light to the imager, just as with film but the image pickup device is electronic rather than chemical. However, unlike film cameras, digital cameras can display images on a screen immediately after being recorded, and store and delete images from memory. Many digital cameras can also record moving videos with sound.

Source: Wikipedia

How digital cameras work??

Digital cameras look very much like ordinary film cameras but they work in a completely different way. When you press the button to take a photograph with a digital camera, an aperture opens at the front of the camera and light streams in through the lens. So far, it's just the same as a film camera. From this point on, however, everything is different. There is no film in a digital camera. Instead, there is a piece of electronic equipment that captures the incoming light rays and turns them into electrical signals. This light detector is one of two types, either a charge-coupled device (CCD) or a CMOS image sensor.

If you've ever looked at a television screen close up, you will have noticed that the picture is made up of millions of tiny colored dots or squares called pixels. Laptop LCD computer screens also make up their images using pixels, although they are often much too small to see. In a television or computer screen, electronic equipment switches all these colored pixels on and off very quickly. Light from the screen travels out to your eyes and your brain is fooled into see a large, moving picture.

In a digital camera, exactly the opposite happens. Light from the thing you are photographing zooms into the camera lens. This incoming "picture" hits the image sensor chip, which breaks it up into millions of pixels. The sensor measures the color and brightness of each pixel and stores it as a number. Your digital photograph is effectively an enormously long string of numbers describing the exact details of each pixel it contains. You can read more about how an image sensor produces a digital picture in our article on webcams.  [Ref: explainthatstuff.com]

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