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The Global Video Production Camera Market Will Exceed The Value Of

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New York, Oct. 14, 2022 (GLOBE NEWSWIRE) — Research Nester has released an in-depth market report on “Global video production camera market‘ for the forecast period i.e. 2022 – 2031 which includes the following factors:

  • Market Growth Over the Forecast Period
  • Detailed regional synopsis
  • Market segmentation
  • Growth engines
  • Challenges
  • Major market players and their detailed profiling

Global Video Production Camera Market Size:
The global video production camera market is expected to grow with a CAGR of 6.1% over the forecast period. The major factor that is expected to drive the growth of the market is the growing demand from the entertainment industry. The demand for movies is increasing in the entertainment industry. According to a new study, the typical person expects to stream around 300 different movies or TV shows in 2022. Besides, growing demand for HD channels is expected to be another factor likely to drive the growth of the market. In India, the number of HD viewers more than doubled, increasing by more than 140% in 2019 compared to 2017.
Additionally, the growing demand for home entertainment is expected to drive the market growth over the forecast period. Between 2019 and 2020, the number of global Internet video subscribers grew by approximately 25%, totaling approximately 1 billion subscriptions. In the years to come, it is expected that this trend will continue. During the lockdown phase, people spent more time indoors as everything was closed, including theaters. Hence, their preference for home entertainment has increased. Therefore, to develop quality videos more than a user can consume on smartphones or television, the demand for video production cameras is expected to increase. The global video production camera market is estimated to generate a revenue of USD 57.92 billion by the end of 2031. Additionally, the market generated a revenue of USD 32.33 billion in 2021.
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Global Video Production Cameras: Key Takeaways

  • DSLR and Mirrorless Camera Segment to Propel Highest Growth
  • Growing urbanization to drive market growth
  • The studios and broadcast segment will generate the largest revenues

Growing urbanization to drive market growth
Globally, the rate of urbanization is at an all-time high. Nearly 5 billion people would live in cities by 2030, compared to more than half of the current world population. Cities are more developed in case of technology and the standard of living of most city dwellers is also high. Therefore, they tend to spend more on expensive video cameras. There are also a large number of production houses located in urban areas due to which the demand is high.
Additionally, the demand for smartphones has increased which is also expected to influence the growth of the market. The number of smartphone users worldwide is expected to reach 6 billion in 2022, an increase of around 4% per year. Smartphones nowadays consist of advanced cameras which allow shooting videos with standard quality compared to other video production cameras. Hence, their demand is expected to increase over the forecast period.

Global Video Production Cameras Segmentation by Type

  • Compact cameras
  • Traditional film cameras
  • DSLR and mirrorless cameras
  • 360 cameras
  • Professional and Broadcast Video Cameras
  • Cinema cameras
  • Smartphone cameras
  • Action cameras

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The DSLR and mirrorless camera segment is expected to generate the largest revenue of USD 12,512.6 million by the end of 2031. The growth of the segment can be attributed to the increase in the number of events and the increase in the number of people watching sporting events on television. In 2019, more than 149 million Americans watched live sports once a month. Mirrorless cameras are typically used to broadcast sporting events. They include unique features including autofocus system, silent shutter, compact size and others. Plus, they have great body image stabilization, making them a perfect fit. Additionally, DSLR cameras are popular among professional sports people and press photographers. With a DSLR, the photographer can use a variety of lenses because each lens can be removed and replaced with another with a different focal length.

Global Video Production Camera Market, Segmentation by End User

  • Company
  • Studio & Broadcast
  • Educational institutions
  • Great venue and events
  • Others

The studios and broadcast segment is estimated to hold the largest revenues of $15,988.3 million by the end of 2031, due to the increase in the number of television commercials, newscasts , entertainment shows, news magazines, reality shows and more. In 2021, television had a total of approximately 14,610 brands and approximately 9,230 advertisers, of which more than 40%, or approximately 4,480, were either new advertisers or repeat advertisers. Similarly, approximately 7,400, or more than 50% of brands, were either new or returning. Additionally, the studio and broadcast industries are adopting high-end robot remote control cameras, which is also expected to drive the growth of the segment.

Few well-known market leaders in the world video production camera market which are profiled by Research Nester are Canon and Nikon Inc. these two companies work more to improve their product by having a healthy competition.

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Recent developments in the global video production camera market

  • On May 3, 2022, to enable the integration of the Seervision suite with Canon PTZ cameras, Canon and Seervision entered into a collaboration. Seervision is now able to provide the video production automation solution alongside its current range of PTZ cameras. By integrating the software suite with Canon robotic cameras, a new range of customers can now use cameras in live and hybrid events, in corporate and educational settings, and in other situations.
  • On October 28, 2021, the latest Z-series full-frame (Nikon FX format) mirrorless camera, the Nikon Z 9, is unveiled by Nikon India Private Ltd., a wholly owned subsidiary of Nikon Corporation Tokyo. It’s designed to exceed expectations with unparalleled performance and innovative capabilities that are firsts for Nikon and the mirrorless category.

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