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Lucintel’s Analysis of Global Photographic Products Industry: New Technologies to Drive Industry Growth
Irving, Texas (PRWEB) January 17, 2013
The global photographic products industry is expected to witness modest growth during 2012-2017 and reach an estimated $65 billion in 2017 with a CAGR of 2.3% over the next five years. Although the compact camera market is near saturation, increased demand for DSLR cameras, mirrorless hybrids, and interchangeable-lens cameras continues to drive market.
Lucintel, a leading global management consulting and market research firm, has analyzed the global photographic product industry and presents its findings in “Global Photographic Product Industry 2012-2017: Trend, Profit, and Forecast Analysis.”
The industry is cyclical in nature as the strongest sales are reflected in the fourth quarter of every year. Players offer incentives to attract more customers during the October-December period as it is the holiday season. The Asia Pacific (APAC) region is forecast to witness the highest growth over the next five years. The low penetration level in the Rest of the World (ROW) and APAC offer significant growth opportunity for industry players. DSLR and compact cameras will continue to be the driving forces behind the growth of the Asian digital camera industry.
As per the study, the camera segment is forecast to witness the highest growth during the next five years. Improved standard of living and increased demand for new technologies are expected to drive the market. A comprehensive range of lenses and accessories are likely to drive profitability. Compact cameras and camcorder market share is expected to decline.
Lucintel’s research indicates that in this dynamic and innovative industry, the rapid rate of enhancements in technology results in a consistent demand for newer, faster products. Demand for digital cameras is expected to grow with the economies in emerging markets such as ROW and APAC that hold great potential for the future market. The industry’s toughest challenge is to maintain a balance between price and quality.
This industry research report provides an overview of the global photographic products industry, tracking two market segments of the industry in four geographic regions. The report provides trend (2006-2011) and forecast statistics, addressing market opportunities for next five years (2012-2017) for each of these regions.
For a detailed table of contents and pricing information on this timely, insightful report, contact Lucintel at +1-972-636-5056 or via email at helpdesk(at)lucintel(dot)com. Lucintel provides market research reports, strategic growth consulting and due diligence services to clients around the world.
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