GVR Report cover Digital Camcorders Market Size, Share & Trends Report

Digital Camcorders Market Size, Share & Trends Analysis Report By Resolution (Full HD (1920 x 1080) 1080p, UHD (3840 x 2160) 2160p), By Distribution Channel (Online, Offline), By Region, And Segment Forecasts, 2019 - 2025

  • Report ID: GVR-3-68038-192-4
  • Number of Pages: 80
  • Format: Electronic (PDF)

Industry Insights

The global digital camcorders market size was valued at USD 1.8 billion in 2018. The growth in the media and journalism industry at a global level is expected to have a positive impact on market growth. Electronic media channels including news organizations have been using camcorders frequently, especially for covering news from remote locations. Additionally, low-budget movies and television show production houses use camcorders to reduce their expenses.

Even some of the popular movies including Paranormal Activities and 28 Days Later have been completely shot through these products. Students and apprentices in the fields of filmmaking are the key consumers. Digital camcorder manufacturers have been investing in the R&D of electronic devices and launching products in line with the requirements of different customer segments.

U.S. digital camcorders market

Over the past few years, video recording has gained traction in domestic celebrations, get together, and festivals. People across the world have started recording life moments including birthdays, marriages, and wedding anniversaries. Easy availability of the product and affordable prices and simple storage technologies have promoted people to record their day-to-day activities, which include the first steps of a baby walking and funny things that pets do. Social media has initiated a trend of sharing such recordings with friends and families. Therefore, the above-mentioned trends are creating a push for professional camcorder market growth.

Over the past few years, education and academic research have seen a rapid deployment of camcorders. With the advent of digital education, lectures are recorded and uploaded on e-learning sites, which broadens the reach of a teacher. A number of tutors of different subjects and curriculum have been recording their lectures for posting them on online platforms including Youtube. Similarly, students use these devices for their academic research, experiments, and interviews. The use of such video devices helps them in keeping evidence for their research and proper presentation of their observation and conclusion. Similarly, surveys and interviews have become much easier to capture and store when recorded with camcorders.

Wildlife research and documentaries are also driving the industry. The photography of wild animals requires camcorders with prime resolution and their ability to shoot in darkness during the night is driving its demand. Furthermore, these devices are capable of providing characteristics including lightweight, enough storage capacity, and the ability to record high-speed motions. Rising spending on safari travel among working-class professionals on account of growing consumer awareness regarding luxury leisure activity is expected to promote the utility of camcorders.

Resolution Insights

Full HD (1920 x 1080) 1080p resolution contributed a share of more than 55.0% in 2018. The growth is attributed to the huge acceptability of the resolution in the television market, online video streaming sites, and Blu-Ray. This resolution format has emerged as a substitute for 720p and 1080i, as it had better picture quality for fast-moving objects. It captures superior quality videos, which do not strain the eyes and thus, are preferred by people while watching videos online.

UHD (3840 x 2160) 2160p camcorder is expected to expand at the fastest CAGR of 10.7% from 2019 to 2025. The resolution makes the recording's detail inherent and thus, makes the picture quality better. The visual detail and clarity are finer than ever and thus, have been motivating the people to own these products.

Distribution Channel Insights

Offline accounted for the largest share in 2018 as people in developing countries including China, India, and Bangladesh hugely rely upon nearby stores and convenience departments. Furthermore, people enjoy shopping through these channels for physical verification, instant comparison, and huge reliance. People are careful while spending a huge amount and thus, make sure to verify the product personally before the purchase, and in case of further support, get back to the seller quickly.

Global digital camcorders market

Online sales are expected to witness the fastest growth as a result of the increasing penetration of smartphones and tablets among millennials across the globe. These channels provide access to a variety of digital camcorders irrespective of any regional and country barriers. Furthermore, access to various product variants on a single platform provides choices to consumers before any purchase. The majority of manufacturers themselves sell the products through their platforms to reach people. The discounts offered at online sites are significant and can draw customers. Along with this, the assistance provided by the bloggers over each of these products, their technical specifications, and their comparison to other products available in the market makes the decision easy for buyers.

Regional Insights

Europe is expected to be the fastest-growing market, expanding at a CAGR of 11.1% from 2019 to 2025. Tourism is a highly sort after activity among the youngsters of countries including Italy, France, and Greece. Therefore, people prefer carrying their own recording devices to capture these moments with friends and scenic beauties around them. Furthermore, the educational curriculum in some countries, including Sweden and Belgium, believes in giving practical projects and is conducted in the natural environment. Thus, parents, kids, and most teachers insist upon recording the observations through the use of digital camcorders.

Digital Camcorders Market Share Insights

Some of the key players are Canon Inc.; GoPro, Inc.; JVCKENWOOD Corporation; Panasonic; SAMSUNG; SONY; Toshiba Corporation; and Vivitar Corporation. The market is driven by the R&D of these products. Organizations have been launching products consistently to incorporate the newest technologies and evolved functioning. They are increasing their focus on reducing weight and improving picture quality.

Manufacturers have been striving to launch products that are affordable for customers and are of fine quality. One of the latest updates made in the product is related to the ability of the device to connect to the internet. Products that can connect to wi-fi have been launched and these can record and upload media on the cloud simultaneously, which has made live telecasts an easy task.

Report Scope

Attribute

Details

The base year for estimation

2018

Actual estimates/Historical data

2015 - 2017

Forecast period

2019 - 2025

Market representation

Revenue in USD Million & CAGR from 2019 to 2025

Regional scope

North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa

Country scope

U.S., Germany, U.K., China, India, Japan, and Brazil

Report coverage      

Revenue forecast, company share, competitive landscape, growth factors and trends

15% free customization scope (equivalent to 5 analyst working days)

If you need specific information, which is not currently within the scope of the report, we will provide it to you as a part of customization


Segments Covered in the Report

This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2015 to 2025. For this study, Grand View Research has segmented the global camcorder market report based on resolution, distribution channel, and region:

  • Resolution Outlook (Revenue, USD Million, 2015 - 2025)

    • Full HD (1920 x 1080) 1080p

    • UHD (3840 x 2160) 2160p

  • Distribution Channel Outlook (Revenue, USD Million, 2015 - 2025)

    • Offline

    • Online

  • Regional Outlook (Revenue, USD Million, 2015 - 2025)

    • North America

      • The U.S.

    • Europe

      • Germany

      • U.K.

    • Asia Pacific

      • India

      • China

      • Japan

    • Central & South America

      • Brazil

    • Middle East & Africa (MEA)

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