Digital, Movie

Allied Market Research United Kingdom United States of America

10.01.2023 - 15:31:29

Digital Movie Cameras Market Expected to Reach $11 Billion, Globally, By 2031 at 4.5% CAGR: Allied Market Research

Drivers, Restraints, and Opportunities

Developments in the entertainment industry and increasing number of independent media houses & streaming services across the world drive the growth of the global digital movie cameras market. On the other hand, high cost associated with the manufacturing process restrains the growth to some extent. However, high-end technological advancements have paved the way for lucrative opportunities in the industry.

Report Coverage and Details:

Report Coverage

Details

Forecast Period

2022­–2031

Base Year

2021

Market Size in 2021

$7.2 billion

Market Size in 2031

$11 billion

CAGR

4.5 %

No. of Pages in Report

145

Segments Covered

Video Resolution, Application, and Region

Drivers

Budding entertainment industry

Increasing number of independent media houses and streaming services

Opportunities

Technological advancements regarding digital movie cameras

Restraints

High cost of digital movie cameras

 

COVID-19 Scenario:

The outbreak of the pandemic gave way to a steep decline in demand for digital movie cameras from the entertainment industry, which impacted the global market negatively.Disruptions in the supply chain also hampered the manufacturing of digital movie cameras across the world. However, the market has now got back on track.

The Full HD Resolution segment to maintain its dominance during the forecast period

By video resolution, the full HD resolution segment garnered the highest share in 2021, holding nearly three-fifths of the global digital movie cameras market revenue. This is because HD camera resolution provides images that are 1280 x 720 pixels (that adds up to 921,600 pixels, which means a 720p HD camera is not technically a megapixel camera), and 1080p HD cameras provide 1920 x 1080-pixel resolution or 2.1 megapixels. The 4K/8K resolution segment, however, would display the fastest CAGR of 5.06% from 2022 to 2031. This is attributed to the fact that 4K is an ultra-high-definition (Ultra HD) image format with a horizontal resolution of about 4,000 pixels, and for 8K, the horizontal resolution is about 8,000 pixels. Pixels are the dots that make up a TV image, whereas K means about 1,000. The more pixels there, the sharper would be the image.

The Professional segment to rule the roost

By application, the professional segment accounted for more than three-fifths of the global digital movie cameras market revenue in 2021, and is projected to retain the lion's share by 2031. This is due to the fact that the professional segment represents the usage of digital movie cameras in professional fields such as creating movies, TV shows, news broadcasting, and many more which are associated with high-quality production values. Several industries such as media and entertainment use digital movie cameras in order to make video content on a regular basis. The amateur segment, simultaneously, would showcase the fastest CAGR of 5.72% throughout the forecast period. Amateur users are basically the common people who use digital movie cameras to record videos associated with their daily lifestyles. As these cameras are easy to handle, the usage of digital movie cameras is increasing among amateur users.

North America garnered the major share in 2021

By region, North America contributed to the highest share in 2021, garnering more than one-third of the global digital movie cameras market revenue. The presence of Hollywood is a major boosting factor behind the growth of digital movie cameras in this region as a huge number of featured films and other entertainment shows happen every year. Asia-Pacific, on the other hand, would portray the fastest CAGR of 5.13% during the forecast period. This is due to the integration of high technological advancements, especially in China and Japan. Moreover, the major players in the province are focused on investing a substantial amount in R&D activities and innovation to cater to the emerging demand and gain a competitive edge in the market.

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Leading Market Players

Sony CorporationJVCKENWOOD CorporationBlackmagic Design Pty. Ltd.ARRI AGRed Digital Cinema, LLC.Vision Research Inc.Kinefinity Inc.Canon Inc.Nikon CorporationPanasonic Corporation

The report analyzes these key players of the global digital movie cameras market. These players have adopted various strategies such as expansion, new product launches, partnerships, and others to increase their market penetration and strengthen their position in the industry. The report is helpful in determining the business performance, operating segments, developments, and product portfolios of every market player.

Key Benefits For Stakeholders:

This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the digital movie cameras market analysis and digital movie cameras market outlook from 2021 to 2031 to identify the prevailing digital movie cameras market opportunity.The market research is offered along with information related to key drivers, restraints, and opportunities.Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.In-depth analysis of the digital film cameras market segmentation assists to determine the prevailing market opportunities.Major countries in each region are mapped according to their revenue contribution to the global market.Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.The report includes the analysis of the regional as well as global digital cinema cameras market trends, key players, market segments, application areas, and market growth strategies.

Digital Movie Cameras Market Key Segments:

By Video Resolution:

4K / 8K ResolutionFull HD Resolution (1080)

By Application:

AmateurProfessional

By Region:

North America  (U.S., Canada, and Mexico)Europe  (U.K., Germany, France, Italy, Spain, Russia, Netherlands, Belgium, Poland, and Rest of Europe)Asia-Pacific  (China, Japan, India, South Korea, Australia, Malaysia, Thailand, Philippines, Indonesia, and Rest of Asia-Pacific)LAMEA  (Latin America, Middle East and Africa)

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