As per our research report, the Global Mirrorless Camera Market size is estimated to be growing at a CAGR of 3.68% from 2023 to 2030.
Mirrorless cameras are small and light cameras meant for clicking accurate, sharp, clear, and beautiful pictures. Moreover, these cameras capture images without the use of mirrors and hence reduce the risks of capturing reflecting images.
The pandemic hurt the mirrorless camera market. Due to the lockdown, several electronics manufacturing industries were closed down, which led to a decline in demand for mirrorless cameras during the pandemic. Further, supply chain disruptions due to travel restrictions across geographical borders resulted in delays in the production and distribution of mirrorless camera components. Additionally, new product launches witnessed a slowdown in consumer demand as consumers shifted their budget preferences towards necessary items.
Furthermore, remote working and studying increased the use of smartphones and affordable rates of high-end camera smartphones led to a decline in the demand for mirrorless cameras during the pandemic. Moreover, the limited consumer base for these cameras was the prime reason for the decline in demand for mirrorless cameras.
However, during the end phase of the lockdown, the industry witnessed a revival with an increase in demand for affordable cameras by consumers. Post-pandemic, there is an increasing demand for mirrorless cameras by vloggers, especially by travel and food vloggers who require such types of high-end cameras for capturing videos and photos. Moreover, rising demand for compact and smart cameras induced manufacturers to produce lightweight, compact, and quality footage cameras with AI capabilities, that enabled photographers, vloggers, and others to capture automatic and AI-powered smart images and videos. Additionally, trends in remote clicking applications allowed users to operate the photography process from a smartphone.
The restraints to this market include entry barriers due to expensive prices and poor battery performance.
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Based on market segmentation by sensor type, CMOS sensors hold the highest share of the market. Attributes such as high-quality images, video-capture features, low power consumption, and others have boosted the demand for CMOS sensors in the market. Moreover, due to the unique features of CMOS sensors, there is an increasing demand for back-illuminated CMOS sensors and X-trans CMOS sensors. Additionally, back-illuminated CMOS sensors offer improved low-light performance in dim settings and noise reduction, which has increased its demand more than the conventional CMOS sensors in the market.
Based on market segmentation by stabilization, lens-based cameras hold the highest share of the market. These lens reduce image blurriness and hence is widely used in mirrorless cameras for clicking clear and bright photographs. Sensor-based mirrorless cameras are the fastest-growing segment during the forecast period. In sensor-based stabilizations, the camera sensor is moved instead of the lens for capturing correctly angled and clear pictures. Moreover, it helps photographers to capture sharp pictures without the need for a tripod.
Based on market segmentation by focus system, phase detection autofocus holds the highest share in the market. This type of focus system measures the surface’s distance from the camera and adjusts the focus for clicking pictures. Moreover, it helps to assess the depth of the image and automatically directs the camera’s focus toward the object via an image sensor. Furthermore, contrast detection autofocus is the fastest-growing segment during the forecast period, as it helps photographers in contrasting various sections of an image and capture accurate images without losing focus on the subject and object.
Based on market segmentation by distribution channel, the offline segment holds the highest share of the market. These channels offer various types of cameras and lenses to photographers as per their requirements. Moreover, retail and specialty stores have knowledgeable staff that provide accurate information regarding the lens and cameras to the consumers. Furthermore, the online segment is the fastest-growing segment during the forecast period. The online segment is gaining momentum in the mirrorless camera segment, as it offers consumers proper product descriptions, reviews, and price/product comparisons, and also provides camera-related accessories free to consumers.
Based on market segmentation by region, Asia-Pacific holds the highest share of the market. Due to the presence of leading and well-known camera manufacturers and a substantial community of photographers in the region, there is an increased demand for mirrorless cameras in the region. Furthermore, North America is the fastest-growing region during the forecast period. Increasing trends in landscape, travel, and wildlife photography, and the rising number of professional photographers in the region have contributed to the growth of mirrorless cameras in the region.
Companies playing a leading role in the Global Fast-Food market profiled in this report are – Sony, Nikon, Panasonic, Canon, Fujifilm, Olympus, Leica, Pentax, Samsung, Hasselblad, and Sigma
CMOS sensor
Exor CMOS
Back-illuminated CMOS
X Trans CMOS
Dual Pixel CMOS
Lens Based
Sensor Based
Phase Detection autofocus
Contrast detection autofocus
North America
Europe
Asia Pacific
Middle East & Africa
South America
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