Digital Camcorders Market

Global Digital Camcorders Market (2024 to 2029)

The global digital camcorders market size is projected to be valued at USD 5.32 bn by 2029 from USD 3.25 billion in 2024, growing at a CAGR of 10.4% from 2024 to 2029.

A digital camcorder is a device that records video to formats like Digital8, MiniDV, DVD, a hard drive, or solid-state non-volatile storage. Some digital camcorders even have the potential of taking still pictures and storing on separate media, typically an equivalent type as utilized in digital cameras. While the image quality might not be quite nearly as good as a typical camera, this allowed users to hold only one device to record both video and still images such as a digital camcorder.

Global Digital Camcorders Market Drivers:

The increasing interest of the common mass in seizing important moments of their life is driving the market. it's also supported by the easy advanced mechanism of those devices, which makes it easy for a standard man to handle, record, charge, and store the recordings. Manufacturers are supporting the trend by innovating the merchandise to simplify its mechanism and improve its video quality.

Over the past few years, video has gained traction in domestic celebrations, get-togethers, and festivals. People across the planet have started recording life moments including birthdays, marriages, and wedding anniversaries. Easy availability of the merchandise and affordable prices and straightforward storage technologies have promoted people to record their day-to-day activities, which include the primary steps of a baby walking and funny things that pets do. The social media has introduced a trend of sharing such recordings with friends and families. Thus, the trends are creating a push for digital camcorders market growth. During the past few years, education and academic research have seen a quick deployment of camcorders. With the arrival of digital education, lectures are recorded and uploaded on e-learning sites, which broadens the reach of an educator. A number of tutors of various subjects and curricula have been recording their lectures for posting them on online platforms including YouTube.

The increasing demand for electronic devices and the advent of digital education lectures are recorded and uploaded on e-learning sites, and other online platforms including YouTube also as surge within the information technology platforms with the advanced technology & digitalization are several of the main factors driving the market growth. According to Ofcom's organization of communications, the radio, digital camcorders, Telecoms, TV, and post services generated revenue of Euro 54.7 billion in 2017. Additionally, rapidly increasing digitalization with advanced technology and the rise within online video recordings like on YouTube also is supplementing the market growth. Consistent with recent YouTube information, YouTube has over 2 billion videos'' makers log in monthly and each day people watch billions of hours of video hence this has generated huge demand for digital camcorders marketplace for recording videos.

Global Digital Camcorders Market Restraints:

However, one of the main factors that will restrict the digital camcorder market growth is usually it needs the talent to shoot and for top-quality video shooting, the worth of the camcorder is high. Despite that, rising specialization in the manufacturing of electronic devices with technological advancement using AI, the advent of nanotechnology, IoT, machine learning, etc. for the electronics and electrical industry can generate huge opportunities for the further growth of the worldwide digital camcorders market.

Impact of COVID-19 on the global digital camcorders market

Since the coronavirus outbreak in December 2019, the disease has spread to almost 100 countries around the globe with the World Health Organization declaring it a public health emergency. The global effects of the coronavirus disease 2019 are already beginning to be felt in the Digital Camcorders market in 2020. COVID-19 can disturb the worldwide economy in three main ways, by directly affecting production and demand, by creating supply chain and market disruption, and by its financial impact on firms and financial markets.

REPORT COVERAGE:

This research report on the global digital camcorders market has been segmented and sub-segmented based on resolution, distribution, interchangeable camera lens, built-in camera lens and region.

Global Digital Camcorders Market - By Resolution:

• Full HD (1920 x 1080) 1080p
• UHD (3840 x 2160) 2160p

Global Digital Camcorders Market - By Distribution Channel:

• Offline
• Online

Global Digital Camcorders Market - By Interchangeable Lens Cameras:

• Digital Single Lens Reflex (SLR) Cameras
• Digital Rangefinders
• Line-Scan Camera Systems

Global Digital Camcorders Market - By Built-in Lens Cameras:

• Integration Camera
• Bridge Cameras
• Compact Digital Cameras

Global Digital Camcorders Market - By Region:

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa

North America is predicted to dominate the worldwide digital camcorder market with the potential rate thanks to the early adoption of advanced technology by the device industry also as the presence of digital platforms in this region followed by Europe and Asia Pacific. Reliable with the United Nations Conference on Trade and Development, the US and China own 70 largest digital platforms like YouTube, Facebook, Instagram, etc., which contribute 90 percent of the entire market capitalization value of the world. This creates an enormous demand for digital camcorders for recording videos and posting on digital online platforms. Additionally, to the present, the United States has the most important contribution to worldwide technology development. In line with the CompTIA organization, the US is the world's largest tech market accounted around 32% of the entire global technology shares with an estimation of roughly USD 1.7 trillion for 2020 in the U.S. market, followed by Europe.

Europe is predicted to grow at a big rate thanks to a surge in the number of travelers operating camcorders to shoot memorable moments followed by Asia Pacific. During the COVID-19 pandemic, the industry has noted somehow slack within the sale including digital camcorders, cameras, smart phones and lots of others.

The Asia Pacific is likely to have the strongest growth for the expansion of digital camcorders because of the increased growth of the device manufacturing industry with the surge in population.

KEY MARKET PLAYERS:

Canon, Sony, Nikon, Pentax, Olympus, Fujifilm, Samsung, Panasonic, JVC, Arri, Blackmagic, RED, Phantom and Kinefinity are some of the major players in the global digital camcorders market.

RECENT HAPPENINGS IN THE MARKET:

• In September 2018, Canon introduced XF705 a professional-use camcorder that records shots of 4K (3840 x 2160) resolution. It's said to be suitable for video production and broadcast. It can store videos on an SD card and capture top-quality video. It comes alongside an L (Luxury) Series 15x optical telephoto lens, which optimizes 4k imaging. it's powered by the twin DIGIC DV 6 image-processing platform. The videos are often recorded in two formats, which are HDR and Perceptual Quantization (PQ).
• In May 2019, Panasonic introduced its latest 6K Lumix S1H cine camera. The product comprises a 6K camera that has the power to capture videos with 50% higher horizontal resolution.