Digital Photo Frame Market by Distribution Channel, Power Source, and Geography - Forecast and Analysis 2021-2025

  • Published: Jun 2021
  • Pages: 120
  • SKU: IRTNTR43582
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The digital photo frame market has the potential to grow by USD 62.10 million during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 1.81%.

This digital photo frame market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by distribution channel (offline and online), power source (electricity-powered and battery-powered), and geography (North America, Europe, APAC, South America, and MEA). The digital photo frame market report also offers information on several market vendors, including Aluratek Inc., Eastman Kodak Co., HP Inc., Koninklijke Philips NV, Lenovo Group Ltd., NETGEAR Inc., PhotoSpring Inc., Samsung Electronics Co. Ltd., Sony Corp., and ViewSonic Corp. among others.

What will the Digital Photo Frame Market Size be in 2021?

Digital-Photo-Frame-Market-Market-Size-2020-2025

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Digital Photo Frame Market: Key Drivers and Trends

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The product innovations leading to premiumization is notably driving the digital photo frame market growth, although factors such as increasing availability of substitutes may impede market growth. To unlock information on the key market drivers and the COVID-19 pandemic impact on the digital photo frame market industry get your FREE report sample now.

  • Product innovations leading to premiumization is a key driver leading to the growth of the digital photo frame market.
  • Competition in the global digital photo frame market has become intense over the years. Innovation and advances in technology have resulted in an evolution in the demand and preferences of customers.
  • The rising demand for innovative products has compelled the vendors to continually engage in R&D and innovate to sustain in the competitive market environment.
  • The major product innovations that have been introduced in the global digital photo frame market are in terms of technology, performance, features, and design.
  • The customers look for digital photo frames that can perform multiple tasks such as exhibit photos as well as play videos. To meet such evolving customer needs, the vendors are continuously widening their product portfolios according to the growing and varying consumer demand.
  • The rising purchasing power of customers and growing final household consumption expenditure have enabled them to increase their spending on high-end home décor products, such as premium digital photo frames. This has propelled the demand for premium digital photo frames and led to the growth of the global digital photo frame market. 
  • Increasing adoption of smart/connected home system is another key driver boosting the digital photo frame market growth.
  • Smart homes are residential houses that use the internet and digitization in key categories such as energy management systems, home appliances, electronic equipment, security and control systems, and other assisted living appliances and equipment. 
  • The use of multiple connected products in smart homes makes a person's life easy and comfortable. The demand for smart homes and smart home décor products, such as digital photo frames, is growing across the world. 
  • Home décor products, such as digital photo frames, can be controlled remotely using smart connecting hubs.
  • The US and Western Europe are known to be the most technologically advanced regions in the world and early adopters of modern technologies across different products. Smart home technology is expected to witness exponential growth and adoption across different regions during the forecast period.

This digital photo frame market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. Get detailed insights on the trends and challenges, which will help companies evaluate and develop growth strategies.

Who are the Major Digital Photo Frame Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Aluratek Inc.
  • Eastman Kodak Co.
  • HP Inc.
  • Koninklijke Philips NV
  • Lenovo Group Ltd.
  • NETGEAR Inc.
  • PhotoSpring Inc.
  • Samsung Electronics Co. Ltd.
  • Sony Corp.
  • ViewSonic Corp.

 

The digital photo frame market is fragmented and the vendors are deploying growth strategies such as launching new products to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the digital photo frame market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Digital Photo Frame Market?

Digital-Photo-Frame-Market-Market-Share-by-Region-2020-2025

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37% of the market’s growth will originate from North America during the forecast period. The US is the key market for digital photo frame market in North America. Market growth in this region will be slower than the growth of the market in APAC and South America.

The launch of innovative products will facilitate the digital photo frame market growth in North America over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

What are the Revenue-generating Distribution Channel Segments in the Digital Photo Frame Market?

Digital-Photo-Frame-Market-Market-Share-by-Distribution Channel-2020-2025

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The offline distribution channel comprises of stores such as specialty stores. The brand-owned stores and multi-brand specialty stores house a wide range of digital photo frames with different brands and price ranges. Specialty retail stores also help vendors plan their budgets for marketing, advertising, promotions, brand building, training, and IT support.

Fetch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the digital photo frame market size.

 

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What are the Key Factors Covered in this Digital Photo Frame Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive digital photo frame market growth during the next five years
  • Precise estimation of the digital photo frame market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the digital photo frame market industry across North America, Europe, APAC, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of digital photo frame market vendors

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Digital Photo Frame Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 2%

Market growth 2021-2025

$ 62.10 million

Market structure

Fragmented

YoY growth (%)

1.09

Regional analysis

North America, Europe, APAC, South America, and MEA

Performing market contribution

North America at 37%

Key consumer countries

US, Germany, UK, China, and France

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Aluratek Inc., Eastman Kodak Co., HP Inc., Koninklijke Philips NV, Lenovo Group Ltd., NETGEAR Inc., PhotoSpring Inc., Samsung Electronics Co. Ltd., Sony Corp., and ViewSonic Corp.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The digital photo frame market growth will increase by $9.40 million during 2019-2024.
The digital photo frame market is expected to grow at a CAGR of 0.27% during 2019-2024.
Technavio has segmented the digital photo frame market by end user (Offline and Online) ,other1 (Electricity-powered and Battery-powered) , and geographic (North America, Europe, APAC, South America, and MEA).
Eastman Kodak Co., FUJIFILM Holdings Corp., Hewlett Packard Enterprise Co., Huawei Investment & Holding Co. Ltd., Koninklijke Philips NV, LG Electronics Inc., NETGEAR Inc., PhotoSpring Inc., Samsung Electronics Co. Ltd., Sony Corp. are a few of the key vendors in the digital photo frame market.
APAC will register the highest growth rate of 93.62% among the other regions. Therefore, the digital photo frame market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the digital photo frame market growth are:
  • Product innovations leading to premiumization
  • Rising popularity of interior designing
The digital photo frame market vendors should focus on grabbing business opportunities from the offline segment as it accounted for the largest market share in the base year.
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