4K Camera Industry is Expected to Grow by 20% of CAGR by 2023

Market Research Future published a half cooked research report on 4K Camera Market. Which is Estimated to Grow by 20% of CAGR during forecast period 2017-2023

Global 4K Camera Market, By Type (Hybrid, Mirror less, DSLR), By Application (Retail, Consumer Electronics, Advertisement, Education) – Forecast 2023

According to Market Research Future Analysis, 4K Camera Market has been valued at USD 31 billion by 2023 growing with 20% of CAGR during forecast period 2017 to 2023.

Increasing demand for consumer electronics, growing awareness among consumers, the decreasing average selling price of 4K cameras, high quality videography & photography and easy broadcast of live sports are the reasons contributing to the growth of the 4K camera market. However, limited content availability and operational cost issues are hampering the growth of the 4K camera market.

Various manufacturers across the globe are investing largely to survive in the market. For instance, the launch of availability of ultra HD subscribed content in 2016 has boosted the growth in the Asian countries. However, the cost and price factor has hampered the growth of the market to an extent.

The introduction of mirror-less ultra-high definition devices are of compact size and also offers better focusing system. The sensors offered by these gadgets are expected to have a positive impact in the market. Also, flexibility with respect to interchangeable lenses are boosting the growth of the 4K camera market.

The key players in the global 4K camera market include– Canon Pvt Ltd (Japan), Infineon Technologies AG (Germany), Blackmagic Design Pty. Ltd (Australia), Schneider Electric (France), Sony Corporation (Japan), Occipital, Inc (U.S.), Axis Communications AB (Sweden), Sharp Corporation(Japan), Panasonic Corporation (Japan) and Skyworth Digital Holdings Ltd (China) among others.

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For instance, Panasonic Lumix GH5 offers features such as DCI 4K and UHD 4K, full articulating screen, limited ISO range and mirror less camera. Therefore, multiple companies are investing in their research & development to come up with new technological solutions.

According to Market Research Future, market has been segmented into type, application and region.

On the basis of application, the market can be segmented into mirror less, hybrid, compact and DSLR.

Out of these applications, mirror less and DSLR accounted for the largest market share majorly due to introduction of cheap and portable mirror less devices which are capable of capturing high definition still photos and high quality videos.

Market Research Future Analysis

The global 4K camera market is expected to grow significantly over the forecast period, 2017-2023. Entertainment segment of 4K camera market globally drives the market. The market is expected to have higher growth rate as compared to the previous years.

Asia-Pacific region accounted for the largest market share because of the technological enhancements, increasing e-commerce, manufacturing hub, emerging nations and increasing consumer demand for ultra HD televisions. The sale in Asia-Pacific region has grown over the last few years, majorly from regions such as Singapore, Hong Kong, Vietnam and Korea since they are the fastest growing regions. The region is attributed to the increasing demand for better resolution images and videos, biggest exporters and digital transformation.

However, the North-American region is expected to grow at a fast pace over the forecast period, 2017-2023. The region is attributed to the growth in digitalization.

Various manufacturers across the globe are investing largely to survive in the market. For instance, the launch of availability of ultra HD subscribed content in 2016 has boosted the growth in the Asian countries. However, the cost and price factor has hampered the growth of the market to an extent.

The introduction of mirror-less ultra-high definition devices are of compact size and also offers better focusing system. The sensors offered by these gadgets are expected to have a positive impact in the market. Also, flexibility with respect to interchangeable lenses are boosting the growth of the 4K camera market.

Browse complete report at https://www.marketresearchfuture.com/reports/4k-camera-market-2994 .

Market Highlights

4K Camera is basically ultra HD with a resolution of 4096 x 2160 pixels which is four times of full HD resolution. The extra resolution of 4K technology images gives better definition and clarity of pictures. Also, 4K technology is used in the sports sector. Features such as increased pixel density, high resolutions and better picture quality are boosting the growth of the 4K camera market.

Factors such as increasing disposable income, changing lifestyle and increasing demand for consumer electronics are driving the growth of the market. Whereas, high cost and initial investments are hampering the growth of the 4K camera market.

4K TV

According to Market Research Future, market has been segmented into type, application and region.

On the basis of application, market can be segmented into retail, consumer electronics, entertainment, education, advertisement, defense and aerospace among others. Out of these application, entertainment accounted for the largest market share majorly due to usage of these devices in the sport sector such as football, tennis and cricket among others. For instance, In 2015, 4K camera was widely used in ICC Cricket World Cup for better picture quality with high resolution by using spider cameras

Apart from these applications of the devices they are expected to work best to monitor wide areas and to identify other objects. The devices are used for parking structures, airports, casinos and train stations. 

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