The cinematographic cameras market size has the potential to grow by USD 117.28 million during 2020-2024, and the market's growth momentum will accelerate during the forecast period.
This report provides a detailed analysis of the market by video resolution (4K/8K resolution and full HD resolution) and geography (North America, Europe, APAC, South America, and MEA). Also, the report analyzes the market's competitive landscape. It offers information on several market vendors, including ARRI AG, Blackmagic Design Pty. Ltd., Canon Inc., Hitachi Ltd., Nikon Corp., Panasonic Corp., Panavision Inc., RED.com LLC, Sony Corp., and Vision Research Inc.
What will be the Cinematographic Cameras Market Size in 2020?
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The market is concentrated. ARRI AG, Blackmagic Design Pty. Ltd., and Canon Inc. are some of the major market participants. Established companies are focusing on expanding their product portfolios using technological innovations and focusing on marketing and promotional activities. Although the increase in the number of production houses will offer immense growth opportunities, the long replacement cycle of cinematographic cameras will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
To help clients improve their market position, this cinematographic cameras market forecast report provides a detailed analysis of the market leaders. It offers information on the competencies and capacities of these companies. The report also covers details on the market's competitive landscape and provides information on the products offered by various companies. Moreover, this report also includes information on the upcoming cinematographic cameras market trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.
This cinematographic cameras market analysis report provides information on the production, sustainability, and prospects of several leading companies, including:
Blackmagic Design Pty. Ltd.
Vision Research, Inc.
Which are the Key Markets for Cinematographic Cameras?
North America was the largest cinematographic cameras market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. The growing demand for high-quality movies and TV programs and the increasing use of online video platforms will significantly drive cinematographic cameras market growth in this region over the forecast period.
34% of the market's growth will originate from North America during the forecast period. The US is the critical market for cinematographic cameras in North America. Market growth in this region will be slower than the growth of the market in Europe and APAC.
What are the Major Video Resolution Segments in the Cinematographic Cameras Market?
To meet the audience's expectations, film and TV producers prefer cinematographic cameras that capture videos with 4K and 8K resolutions that help create high-quality video content. The cinematographic cameras market share growth by the 4K/8K resolution segment will be faster than the growth of the market by the other segments. This report provides an accurate prediction of the contribution of all the segments to the growth of the cinematographic cameras market size.
How will Increase in Number of Production Houses Influence Cinematographic Cameras Market Growth?
There is an increase in the number of production houses. As a result, the number of movies, TV series, and short films being released is also rising, driving demand for cinematographic cameras. The US and China are the major revenue-contributing countries to the global film entertainment market. However, in 2020, the global cinematographic cameras market is expected to witness weak demand due to the COVID-19 impact. Due to lockdown and travel restrictions, the proposed shooting activities for movies, serials, and other events have been suspended for a period of time. However, the market is expected to gain pace after 2020, once the steps to contain the COVID-19 outbreak become successful and restrictions are lifted.
Online video streaming is one of the fastest-growing segments in the movie and entertainment industry.
Video streaming service providers offer both premium as well as free services.
Online streaming services such as Netflix led a revolution in the film entertainment segment.
Netflix and Amazon are expected to spend more than USD 20 billion in 2020 on original content, while Apple Inc. is also taking steps to invest in their ventures.
Netflix and Amazon spent more than USD 190 million in 2017 on British-made television shows. The increasing investment by the online streaming companies will result in the production of more programs, which will create demand for cinematographic cameras.
These factors are expected to accelerate the growth of the cinematographic cameras market at a CAGR of over 2% during the forecast period.
ARRI AG, Blackmagic Design Pty. Ltd., Canon Inc., Hitachi Ltd., Nikon Corp., Panasonic Corp., Panavision Inc., RED.com LLC, Sony Corp., Vision Research Inc. are a few of the key vendors in the Cinematographic Cameras market.