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Mirrorless Camera Market by Distribution Channel and Geography - Forecast and Analysis 2021-2025

  • Published: Dec 2021
  • Pages: 120
  • SKU: IRTNTR71769
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The mirrorless camera market share is expected to increase by USD 4.77 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 26.13%.

This mirrorless camera 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 mirrorless camera market segmentation by distribution channel (offline and online) and geography (APAC, Europe, North America, South America, and MEA). The mirrorless camera market report also offers information on several market vendors, including Canon Inc., Eastman Kodak Co., FUJIFILM Holdings Corp., Leica Camera AG, Nikon Corp., Olympus Corp., Panasonic Corp., Ricoh Co. Ltd., Samsung Electronics Co. Ltd., and Sony Corp. among others.

What will the Mirrorless Camera Market Size be During the Forecast Period?

Mirrorless Camera Market Size

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Mirrorless Camera Market: Key Drivers and Challenges

The superior functional and performance benefits of mirrorless cameras is notably driving the mirrorless camera market growth, although factors such as high threat from smartphones may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the mirrorless camera industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Mirrorless Camera Market Driver

Mirrorless cameras have expanded their avenue of competition by offering better shooting speeds and better video quality features compared to DSLR cameras. Features of mirrorless cameras that are at par with DSLR cameras include previewing of images, image stabilization and quality, and durability. The invention of the Micro Four Thirds (MFT) system is another advantage aiding the growth of mirrorless cameras. The benefits of MFT include silent shutter, touch-screen liquid crystal displays (LCDs), in-camera image stabilization, 4K video, 4K photo mode, post-focus, focus stacking, panorama mode, and wireless uploads. Moreover, from a perspective of a professional photographer who might be skeptical that their collection of lenses might not fit the new mirrorless cameras, it is possible to interchange lenses in mirrorless cameras with the support of adapters. Therefore, superior functionality and performance benefits will be key volume drivers for the mirrorless camera market during the forecast period.

Key Mirrorless Camera Market Challenge

The mirrorless camera market is facing a formidable challenge from smartphones. Augmented features in smartphones, including superior camera features and social media integration, are inducing consumers to purchase high-end smartphones over mirrorless cameras. Mobile phone manufacturers are also converging their focus on enhancing the camera specifications of smartphones along with other performance aspects. This approach has enabled mobile phone manufacturers to position smartphones as alternatives to digital cameras. Hence, growing innovations in smartphones are expected to negatively impact the mirrorless camera market during the forecast period.

This mirrorless camera market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Mirrorless Camera Market Vendors?

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

 

  • Canon Inc.
  • Eastman Kodak Co.
  • FUJIFILM Holdings Corp.
  • Leica Camera AG
  • Nikon Corp.
  • Olympus Corp.
  • Panasonic Corp.
  • Ricoh Co. Ltd.
  • Samsung Electronics Co. Ltd.
  • Sony Corp.

 

This statistical study of the mirrorless camera market encompasses successful business strategies deployed by the key vendors. The mirrorless camera market is concentrated and the vendors are deploying various organic and inorganic growth strategies to compete in the market.

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.

The mirrorless camera market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Mirrorless Camera Market?

Mirrorless Camera Market Market segmentation by region

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52% of the market's growth will originate from APAC during the forecast period. China and Japan are the key markets for mirrorless cameras in APAC. Market growth in APAC will be faster than the growth of the market in other regions.

Strong manufacturing activities and shipments of mirrorless cameras and the entry of established brands will facilitate the mirrorless camera market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Distribution Channel Segments in the Mirrorless Camera Market?

Mirrorless Camera Market Segmentation

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The mirrorless camera market share growth by the offline segment will be significant during the forecast period. The rise in organized retail store numbers will be a major driver fueling the offline segment growth. The growing availability of mirrorless cameras in emerging countries can be attributed to the increasing number of organized retail and electronics specialty stores. Moreover, major vendors such as Canon, Sony, and Nikon have established their own retail outlets globally, which gives consumers a wide variety of retailers to choose from.

This report provides an accurate prediction of the contribution of all the segments to the growth of the mirrorless camera market size and actionable market insights on post COVID-19 impact on each segment.

 

Mirrorless Camera Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 26.13%

Market growth 2021-2025

$ 4.77 billion

Market structure

Concentrated

YoY growth (%)

20.40

Regional analysis

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

Performing market contribution

APAC at 52%

Key consumer countries

China, US, Japan, Germany, and UK

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Canon Inc., Eastman Kodak Co., FUJIFILM Holdings Corp., Leica Camera AG, Nikon Corp., Olympus Corp., Panasonic Corp., Ricoh Co. Ltd., Samsung Electronics Co. Ltd., and Sony Corp.

Market dynamics

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

Customization purview

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What are the Key Data Covered in this Mirrorless Camera Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive mirrorless camera market growth during the next five years
  • Precise estimation of the mirrorless camera market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the mirrorless camera industry across APAC, Europe, North America, 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 mirrorless camera market vendors

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Distribution channel

    • Market segments
    • Comparison by Distribution channel
    • Offline - Market size and forecast 2020-2025
    • Online - Market size and forecast 2020-2025
    • Market opportunity by Distribution channel

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • APAC - Market size and forecast 2020-2025
      • Europe - Market size and forecast 2020-2025
      • North America - Market size and forecast 2020-2025
      • South America - Market size and forecast 2020-2025
      • MEA - Market size and forecast 2020-2025
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • Canon Inc.
      • Eastman Kodak Co.
      • FUJIFILM Holdings Corp.
      • Leica Camera AG
      • Nikon Corp.
      • Olympus Corp.
      • Panasonic Corp.
      • Ricoh Co. Ltd.
      • Samsung Electronics Co. Ltd.
      • Sony Corp.

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      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
      Technavio

      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
      Technavio

      TechnavioREPORT WRITING

      Qualitative

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

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
      Interested in this report?
      Get your sample now!
      Mirrorless Camera market growth will increase by $4772.61 million during 2020-2025.
      The mirrorless camera market is expected to grow at a CAGR of 26.13% during 2020-2025.
      Technavio has segmented the mirrorless camera market by distribution channel (Offline and Online) and geographic (APAC, Europe, North America, South America, and MEA).
      Canon Inc., Eastman Kodak Co., FUJIFILM Holdings Corp., Leica Camera AG, Nikon Corp., Olympus Corp., Panasonic Corp., Ricoh Co. Ltd., Samsung Electronics Co. Ltd., Sony Corp. are a few of the key vendors in the mirrorless camera market.
      APAC will register the highest growth rate of 52.14% among the other regions. Therefore, the mirrorless camera market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
      The key factors driving the mirrorless camera market growth are:
      • Rapid growth of mirrorless cameras
      The mirrorless camera market vendors should focus on grabbing business opportunities from the offline segment as it accounted for the largest market share in the base year.
      • What are the key global market and the regional market share?
      • What are the revenue-generating key market segments?
      • What are the key factors driving and challenging this market’s growth?
      • Who are the key market vendors and their growth strategies?
      • What are the latest trends influencing the growth of this market?
      • What are the variables influencing the market growth in the primary regions?
      • What are the factors influencing the growth of the parent market?
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