- The key vendors in the global li- ion battery market for digital cameras 2015-2019 are LG Chem, Panasonic, Samsung SDI and Sony.
London, 13 July 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the global li- ion battery market for digital cameras 2015-2019. Increase in penetration of mirrorless interchangeable lens cameras (MILC) is one of the key trends upcoming in the market. The advantages of using an MILC are that they are lighter in weight, provide DSLR image quality, and have better contrast AF (autofocus) speed than DSLR cameras. The global Li-ion battery market for digital cameras is expected to witness a CAGR of -11.8% during the forecast period of 2014-2019.
Source: Technavio
The introduction of new products may boost the sales of digital cameras in the future. Vendors are increasingly introducing personalized digital cameras in the market such as advanced waterproof and rugged digital cameras in different colors.
“Advances in technology, online photo communities, and social networking sites for sharing images have made digital photography more popular among consumers,” says Faisal Ghaus, Vice President of Technavio Research.
“The availability of image editing tools, such as Adobe Photoshop, and free online tools, such as Picasa, have also shifted the attention of consumers toward digital photography.”
To define the market conditions in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
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