Digital Camcorders Market Outlook, End Users Analysis and Share by Type to 2025
The global Digital Camcorders Market size is expected to register revenue of USD 3.6 Billion from 2019 to 2025, according to a new report by Million Insights. It is expected to grow with a 10.4% CAGR in the upcoming years. This growth can be attributed to the increasing trend for capturing auspicious moments of life. Also, lower prices, ease of handling, charging and recording of the camcorders are expected to boost the market growth.
The rising trend for
increasing the standby capacity of the battery and increasing the image
resolution among the manufacturers is expected to fuel the market growth during
the forecasted period, 2019 to 2025. Also, the demand for Fine HD and UHD
videos is expected to drive the market. Also, the usage of YouTube among the
students and millennial for educational, interview and research purposes
coupled with the increasing influence of online video lectures has created the
need for usage for such camcorders.
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The resolution segment
of Full HD 1080p held the largest share across the global market in 2018 owing
to the increasing demand for blue ray prints for video streaming websites and
televisions. The UHD 2160p resolution segment is expected to register the
fastest CAGR of 10.7% from 2019 to 2025. This growth can be attributed to the
rising demand among the users to capture details in the recordings thereby increasing
the picture quality.
The segment of offline
distribution channel held the largest share across the global digital
camcorders market owing to the preference among the customers to physically
examine the product before deciding for purchase. However, The online
distribution channel of such equipment is expected to witness the fastest
growth during the forecasted period, 2019 to 2025. Doorstep delivery,
hassle-free return policy and the rising influence of the internet among the
younger generation is expected to drive this market growth.
The market includes key players such as
Canon Inc.; JVCKENWOOD Corporation; GoPro, Inc.; SAMSUNG; Panasonic; Toshiba
Corporation; Vivitar Corporation and SONY. They are constantly focusing on
product innovation and development to cater to the increasing demand among the
customers. Also, reducing the weight of such products and improving the video
quality are the top most priorities among the manufacturers.
Digital Camcorder Resolution Outlook (Revenue, USD Million, 2015 -
2025)
•
Full HD (1920 x 1080) 1080p
• UHD (3840 x 2160) 2160p
Digital Camcorder Distribution Channel Outlook (Revenue, USD Million,
2015 - 2025)
• Offline
• Online
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Camcorders Market Report with TOC @ https://www.millioninsights.com/industry-reports/global-digital-camcorders-market
Further key findings from the report suggest:
• The full HD 1080p resolution
segment held the largest share in the market share of 55% in 2018.
• The online distribution
channel segment is expected to witness highest CAGR of 10.8% during the
forecasted period, 2019 to 2025.
• The offline
distribution channel segment registered revenue of USD 1.0 billion in 2018.
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