Overview:
The market for high resolution cameras has developed at an extremely robust pace in the past few years. Market Research Future which concentrates on market reports linked to Semiconductors & Electronics sector amongst others recently made available a report on this sector. The industry is projected to attain USD 31 billion in earnings by the end of 2023 with a 20% CAGR during forecast period.
The causes that can be credited for the development of the 4K cameras market are high resolution rates, growing demand for consumer electronics improved picture quality and technological developments with the increasing demand for high resolution pictures. Its numerous applications in the sectors of entertainment, education industries and consumer electronics has been beneficial for the expansion of the market size.
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Industry Segments
For this study, the market for 4K camera has been segmented into application, type and region.
By Application: Advertisement, Retail, Consumer Electronics, Defense & Aerospace, Education, Entertainment and Others
By Type: Hybrid, Mirror less, Compact, DSLR Others
By Region: Europe, Asia-Pacific, North-America and RoW
Detailed Regional Analysis:
While considering the region wise analysis of the 4K cameras market, the Asia-Pacific market controls the biggest market share due to growing competition among companies, amplified adoption of fresh technological results, growing demand for consumer electronics and rising levels of disposable income. Nonetheless, the North-American area is projected to significantly develop over the forecast period. The reason which can be credited to the technological developments. The region is also the major importer for 4K cameras and the market is further propelled by rising demand for better picture quality.
Global Competitive Analysis:
The noteworthy companies in the 4K cameras market are Sony Corporation (Japan), Infineon Technologies AG (Germany), Canon Pvt Ltd (Japan), Blackmagic Design Pty. Ltd (Australia) and Schneider Electric (France).
The companies in this industry space are connecting their resources to achieve their vision for achieving considerable portion of the business as early as possible. This consequence is productive for firms so that they may maintain fiscal liquidity to take the best conclusions in terms of strategy execution and planning. The rewarding scenarios accessible in this market are being utilized by candidates who are trying to extend their market coverage by centered development which will prove to be perfect for the growth of this industry sector. The products that are on offer presently vary greatly due to the reason of the strong pace of technological discoveries. This has raised the chances for the approaching growth period.
Industry Updates:
Feb 2018 Canon camera has launched the first camera, the M50 which is among the first to use the DIGIC 8 tech which allows the camera to capture 4K video at 24 frames per second along with 1080p video, 720p video at 120fps and at 60fps. The DIGIC 8 feature also offers the M50 model fast still shooting speeds at the rate of 10 frames per second in JPEG or RAW with one-shot focus along with 7.4 frames per second with continuous focus.
Feb 2018 Sony has declared its "basic" model update with the A7 III mirrorless camera subsequent to the recently refreshed A7R III recently. The model comes ably equipped with a 24.2 MP sensor, an internal 4K HDR video capability which has been downscaled from 6K and Sony also states that the model comes with the longest rated battery life in any mirrorless camera which is attributed to its Z series battery. The model is expected to cost £2,000 for the body alone when it goes on sale in the European continent in March, followed by its launch in US in April.
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