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Join date: Feb 7, 2022

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The digital camera market is expected to witness a CAGR of less than 11.2 % over the forecast period 2021 - 2026. The global digital camera market growth rate is expected to decline over the forecast period, owing to shifting consumer preference toward smartphone cameras. Most of the major digital camera manufacturers have also recorded a decline of fluctuating sales in the past few years. The primary reason being multiple product launches with features upgrades, in recent years, along with newer payment methods like camera services, are expected to aid the growth globally. Prominent players like Nikon, Sony, Canon, and Fujifilm are innovating in the field of mirrorless cameras and are highly optimistic about its adoption.

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