According to Technavio’s latest market research study, the global camcorders market is expected to grow at a CAGR of close to 8% during the forecast period, 2017-2021.
This report by Technavio provides an in-depth analysis of the global camcorders market in terms of revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
Technavio research analysts categorize the market based on the application type
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The top three revenue contributing application segments are discussed below:
Global camcorders market in media and entertainment segment: In the media and entertainment industry, camcorders are used for filmmaking and recording, taping, and capturing news and events. The adoption of various film shooting equipment, such as camcorders and cameras, is driven by the growth in the filmmaking industry, concerts, and events. With the rapid growth in digital media, advanced camcorders and other high-quality optical equipment are being extensively used in the media and entertainment industry.
“Owing to the growing demand for improved quality and storage, many camcorders are now providing technologies such as HD, ultra HD, and 3D technologies to capture footage. Camcorders can also be mounted on camera mounts while capturing footage,” says Ujjwal Doshi, a lead analyst at Technavio for research on consumer electronics.
Global camcorders market in personal segment: The growing preference for digital electronics among consumers has led to the increased adoption of camcorders. In addition, the demand for high-quality images and videos for future reference is increasing among consumers. The demand for camcorders is increasing among consumers because of the use of HD and 3D technologies in these devices. The growing popularity of social networking sites such as Facebook, Twitter, and Instagram is expected to facilitate further growth of the global camcorders market in the personal segment in the coming years.
Global camcorders market in R&D segment: Researchers use camcorders to record videos for observational research. In addition, they can be effectively used in R&D. Features such as their portability and high video quality help researchers carry out their studies with ease. Industry analysts at Technavio anticipate the global camcorders market in the R&D segment to account for almost 9 million units by the end of the forecast period.
The top vendors operating in the global camcorders market are:
- Canon
- Panasonic
- Sony
- Samsung Electronics
Other prominent vendors in the market include Indigi, JVCKENWOOD, Kodak, Polaroid, Ricoh, and Vivitar.
A more detailed analysis is available in the Technavio report titled, ‘Global Camcorders Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
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