Digital Movie Cameras Market Research, 2031
The global digital movie cameras market was valued at $7.2 billion in 2021, and is projected to reach $11 billion by 2031, growing at a CAGR of 4.5% from 2022 to 2031.
Digital cinema cameras are used to film superior video in such professional settings as cinema, drama, documentaries and commercials. In addition to image and product quality, digital film cameras offer superior mobility and scalability, greatly expanding the possibilities for visual expression. A digital film camera consists of a body with an imaging unit which captures an image of a subject and converts it into an image signal and a recording unit that records images to memory, as well as interchangeable lenses and accessories that can be attached to the camera body in accordance with the method of image capture. Unlike traditional film cameras that record a light image on film (analog), digital film cameras record discrete numbers on a flash memory card. As with all digital devices, there is a fixed, maximum resolution and number of colors that can be represented. Images are transferred to the computer via a USB cable, the memory card or wireless.
The increasing number of independent media houses and streaming services, and the growing entertainment industry are the significant drivers of the digital movie cameras market. The media and entertainment industry has highly benefitted from the progress in digital movie camera technology. With each advancement of year, several independent media houses are launched as a result of prompt digitalization and easy access to social media platforms. On the other hand in recent years, OTT platforms are receiving enormous popularity due to their involvement in providing streaming media services which allows people to watch content shows directly via internet at their respective digital devices. The major OTT platforms like Amazon Prime Video, Netflix, Disney+ among others are using loftier digital movie cameras to create visually beautiful and remarkable content. Thus, these factors are acting as foremost boosting dynamics behind the market growth.
However, the market is affected by the high cost associated with the digital movie cameras industry. Digital movie cameras are very expensive and the high cost for manufacturing, which is the initial prerequisite for digital movie cameras, results in an expensive rate for installation & initial cost in the market. In addition, the initial capital cost basis is higher than conventional technologies, thereby limiting the digital movie cameras market growth. On the other hand, digital movie cameras market trends include technological advancements which influence the market growth. the advent of artificial intelligence (AI) has created a buzz all around the world to a great extent. Thus, it has also cemented its technique into the digital movie cameras market. AI has given a boundless spur to computational photography and produced a number of innovative technologies which includes face recognition and emulating hardware functions. Integration of AI with digital movie cameras results in the decrease of the weight of the camera along with the time necessary for the post-processing of the content providing exhaustive editing topographies in the camera.
All these factors are anticipated to have a definite impact on the digital movie cameras market forecast
The digital movie cameras market is segmented into Video Resolution and Application.
In terms of video resolution, the digital movie cameras industry is segmented into 4K/8K resolution and full HD resolution. In 2021, the digital movie cameras market size was estimated to be dominated by full HD resolution segment, whereas the 4K/8K resolution segment is anticipated to expand at a faster growth rate during the forecast period. HD refers to cameras with a standardized resolution of 720p or 1080p. The numbers 720 and 1080 refer to the horizontal resolution. Therefore, 720p HD camera resolution provides images that are 1280 x 720 pixels, and 1080p HD cameras provide 1920 x 1080-pixel resolution, or 2.1 megapixels. These cameras have captured a higher share of the market owing to their large-scale use in the media and entertainment industry. These are cameras which are used by professionals on a regular basis for their work and hence, they record high sales every year.
In terms of application, the digital movie cameras market share is segmented into amateur and professional segments. In 2021, the professional segment was the leading market segment, whereas the amateur segment is estimated to witness higher growth rate during the forecast period. This segment consists of the usage of digital movie cameras in professional fields like creating movies, TV shows, news broadcasting and many more such tasks which are also associated with high quality production values. Several industries such as media and entertainment use digital movie cameras in order to make video content on a regular basis. As this end-user industry has been growing on a regular basis, the professional segment has grown to dominate the market.
Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. North America dominated the market in 2021, while Asia-Pacific is estimated to expand at the fastest rate during the forecast period. The U.S. is amongst the most developed nations in the world and the presence of Hollywood is a major boosting factor behind the growth of digital movie camera market in this region. A large number of feature films and other entertainment shows are filmed every year. Furthermore, digitalization of media industries is another factor that drives the market in this region.
The key players profiled in the report include Canon Inc., Sony Corporation, JVCKENWOOD Corporation, Panasonic Corporation, ARRI AG, Red Digital Cinema, LLC., Vision Research Inc, Kinefinity Inc, Nikon Corporation and Blackmagic Design Pty. Ltd. These key players have adopted strategies such as product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations to enhance their market penetration and capitalize on the digital movie cameras market opportunity.
Top Impacting Factors
The digital movie camera market is highly impacted by the increase in the number of streaming services and the growing entertainment industry. The growth of both these end-use verticals is atleast partially a result of the increasing power of consumers to spend more on entertainment. But not just that, digital movie cameras have made it easier to film cinema and other entertainment shows, and this has also led to their increased demand in these industries. On the other hand, the raw materials required to manufacture digital movie cameras have high maintenance and service costs. Therefore, high manufacturing and maintenance costs hampers the market growth. Separately, continued integration of technology into digital movie cameras is expected to provide growth opportunities in the forecast years.
Historical Data & Information
The digital movie cameras market is fairly competitive, owing to the strong presence of existing vendors. Market vendors are expected to gain a competitive advantage over their competitors because they can cater to market demands with a wide range of products. The competitive environment in this market is expected to increase as technological innovations, product extensions, and different strategies are adopted by key vendors.
Key Developments/Strategies
Canon Inc., Sony Corporation, Nikon Corporation, Panasonic Corporation, and JVCKENWOOD Corporation are amongst the top companies which hold a prime share in the digital movie cameras market. Top market players have adopted various strategies such as product launches, contracts, and others to expand their foothold in the digital movie cameras market.
- In September 2022, Sony announced the prestigious Cinema Line – the FX30 (model ILME-FX30). The new FX30 is a 4K Super 35 compact cinema camera that offers many professional features of the Cinema Line, such as Dual Base ISO, Log shooting modes, and user-imported LUTs (Look Up Tables) at a price point that appeals to many aspiring filmmakers.
- In February 2022, Canon announced EOS R5 C, addition to the company's Cinema EOS System of video production equipment. Designed for users who demand high performance for both video and still photo shooting, the camera features a compact and lightweight body weighing approximately 680g and it comes equipped with 8K RAW internal video recording.
- In July 2022, Nikon Corporation (Nikon) announced the release of the APS-C size/DX-format Nikon Z 30 mirrorless camera. Featuring the smallest and lightest body among the Nikon Z series models, as well as a vari-angle LCD monitor, REC lamp that immediately notifies of recording, and up to 125 minutes of recording time, the Z30 is a mirrorless camera that gives comprehensive consideration for video recording of a wide range of scenes, from daily shooting to creative expression including vlogs. It also features functions such as "Creative Picture Control" that enables diverse expressions, 4K UHD/30p video, and slow-motion video, all of which can meet the challenge for more particular video expression.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the digital movie cameras market analysis and digital movie cameras market outlook from 2021 to 2031 to identify the prevailing digital movie cameras market opportunity.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the digital film cameras market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global digital cinema cameras market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Video Resolution
- 4K/8K Resolution
- Full HD Resolution
By Application
- Amateur
- Professional
By Region
- North America (U.S., Canada, Mexico)
- Europe (UK, Germany, France, Rest of Europe)
- Asia-Pacific (China, Japan, India, South Korea, Rest of Asia-Pacific)
- LAMEA (Latin America, Middle East, Africa)
Key Market Players
- Canon Inc.
- Sony Corporation
- JVCKENWOOD Corporation
- Panasonic Corporation
- ARRI AG
- Red Digital Cinema, LLC.
- Vision Research Inc.
- Kinefinity Inc.
- Nikon Corporation
- Blackmagic Design Pty. Ltd.
Digital Movie Cameras Market Report Highlights
| Aspects | Details |
 Market Size By 2031 | USD 11 billion |
 Growth Rate | CAGR of 4.5% |
 Forecast period | 2021 - 2031 |
 Report Pages | 145 |
 By Video Resolution |
|
 By Application |
|
 By Region |
|
 Key Market Players | Vision Research Inc, Sony Corporation, RED Digital Cinema, LLC., Kinefinity Inc., Panasonic Corporation, ARRI AG, Nikon Corporation, Blackmagic Design Pty. Ltd., Canon Inc., JVCKENWOOD Corporation |
Analyst Review
The digital movie camera market holds high growth potential. The current business scenario experiences increase in usage of digital movie cameras in media and entertainment industries due to increase in the number of OTT streaming platforms with good contents.
Budding entertainment industry and increasing number of independent media houses and streaming services are the factors that drive the market. However, high cost associated with digital movie cameras hampers the market growth. Conversely, technological advancements in digital movie cameras is expected to create lucrative market opportunity.
The current business scenario has witnessed an increase in demand for advanced technologies, particularly in the developing nations such as China and India, owing to surge in population and rise in social awareness among the mass. Companies in this industry have adopted various innovative techniques, such as mergers and acquisitions to strengthen their business position in the competitive matrix.
The market growth is supplemented by proactive industrialization efforts and surge in manufacturing output, owing to technological advancements. These factors have allowed emerging economies to evolve as the potential markets during the forecast period both from the demand as well as the supply side. Moreover, public & private organizations have substantially invested in R&D activities and fabrication techniques to develop cost-effective digital movie cameras.
The professional segment is the leading application of digital movie camera market.
North America is the largest regional market for digital movie camera market.
The global digital movie camera market was valued at $7,195.0 million in 2021, and is projected to reach $11,039.2 million by 2031.
The top companies to hold market share in the digital movie camera market are Canon Inc., Sony Corporation, JVCKENWOOD Corporation, Panasonic Corporation, ARRI AG, Red Digital Cinema, LLC., Vision Research Inc, Kinefinity Inc, Nikon Corporation and Blackmagic Design Pty. Ltd.
The digital movie camera market is estimated to grow at a CAGR of 4.46% during the forecast period.
Loading Table Of Content...
Loading Research Methodology...
