Digital Photography: Global Markets
The global digital photography market was valued at $65.6 billion in 2010 and $68.4 billion in 2011. By 2016, the digital photography market should reach $82.5 billion, a 3.8% compound annual growth rate (CAGR) between 2011 and 2016.
SCOPE AND FORMAT
The digital photography market report will include market sizing and information on major market segments for both camera products and complementary products. Products covered include digital cameras, interchangeable lenses, photo-quality printers, and secondary and ancillary products.
The report provides in-depth analysis of trends in the market, professional photography and photographer’s roles, image editing and management software, photo sharing sites, photo processing, and other forms of photo viewing and storage. In addition, the report will cover a number of applications in the digital market, including the medical visualization, industrial uses, dental applications, security, and traffic and law enforcement market. The report will include a discussion of the digital photo storage market, digital viewing and digital photo manipulation products. Although the video camcorder and scanner markets are related to the digital photography market, this report will not cover those markets.
Jeremy Dueck is a photographer and a market research analyst. He owns and operates a portrait studio for family or senior school photos. Jeremy has also worked as a research analyst for six years. His work in market research is focused on the analysis of emerging medical technologies, healthcare information systems, and health-related devices and therapies.
Melissa Elder is an experienced healthcare and device market analyst specializing in prescription pharmaceuticals, nonprescription pharmaceuticals, medical devices, animal health products, and emerging healthcare technologies. Ms. Elder has more than 13 years of experience in the healthcare industry, specializing in market research for the past 10 years. This experience has given her substantial insight into pharmaceutical and medical device market analysis. Her work in the medical community, including emergency room medical training and healthcare information system coordination, has enhanced her ability to provide insight into many healthcare markets.
- The global market for digital photography will increase from $131.4 billion in 2007 to an estimated $149.2 billion in 2008. It should reach $222.2 billion in 2013, a compound annual growth rate (CAGR) of 8.3%.
- Digital photography products generated $91.0 billion in 2007 and an estimated $101.3 billion in 2008. This segment should increase to $130.6 billion in 2013, for a CAGR of 5.2%.
- Digital photography applications are expected to generate $47.9 billion in 2008, an increase from $40.3 billion in 2007. This segment should reach $91.5 billion in 2013, for a CAGR of 13.3%.
Digital imaging products outperformed the U.S. conventional film camera market for the first time in 2000, with $18.0 billion in sales to the traditional photo hardware market’s $17.3 billion.
Growing at an average annual rate (AAGR) of 12.1%, the digital market is expected to approach $32 billion in 2005.
The consumer market segment, fastest growing at an AAGR of 20.9%, accounted for $6.2 billion in sales in 2000 and will overtake the professional segment by 2005.