4K Camera Market Size, Share, and Growth Analysis, By Type (Portable Type and Fixed Type), By Application (Public Place & Government, Defense & Aerospace, Entertainment & Advertisement, and Others), Regional Forecast to 2028

Updated On: 15 May 2023

REPORT OVERVIEW

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The global 4K camera market size was USD 21070 million in 2022 and is expected to reach USD 40050 million by 2028 exhibiting a CAGR of 11.3%. The global COVID-19 pandemic has been unprecedented and staggering, with 4K camera experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden spike in CAGR is attributable to demand returning to pre-pandemic levels once the pandemic is over.

4k is video quality, which means 4000 pixels’ width of the footage. The HD innovation from PC screens, cameras, TV screens, and projectors is about to be replaced by 4K innovation. A 4K image has almost 8.3 million pixels, compared to only 2 million pixels in a 1080p image. With a 4K camera, videos are produced that are high resolution, lifelike, and of a quality that allows even the smallest differences to be seen. This is not feasible with a Full HD camera. The primary factor driving this market's expansion is quality. A new method of photography called 4K encourages taking high-resolution pictures. Due to the fact that 4K appreciates high-quality 23840 x 2160 photos at a goal several times that of full HD, screens such as TVs are anticipated to augment market growth in the foreseeable future.

COVID-19 Impact: Lockdown Disrupted Shoots, Upliftment Of Restrictions Surged The Market Growth

Various nations are working towards game-changing innovations to protect their personnel and clientele as the COVID-19 outbreak has caused economic hardship. COVID-19 has had a negative impact on the global market for 4K medical imaging since it has disrupted the supply of imaging devices and decreased demand for medical imaging like MRI, which has slowed down the market's growth. The COVID-19 epidemic impacted the movie business since it caused movement restrictions and theatre closures due to enforced lockdowns. Production companies launched movies on the OTT services platform as a result of theatre closures. For the production of the series, major OTT platforms have embraced high-end filming cameras. These premium cameras serve as the film's source of innovation and video acquisition.

LATEST TRENDS

"High Resolution Of The Camera To Bolster Market Growth"

With 8.3 million pixels to display, 4K resolution gives four times the pixel density of full HD 1080p, which improves the picture quality and displays stunningly strong colors and fine details. Brilliant picture quality and vibrant colors are important factors in the 4K technology market's expansion. For the finest viewing experience, consumers are purchasing ultra-high-definition TVs today. During the projection period, 4K camera demand is anticipated to increase significantly as prices drop. The market for higher-resolution exhibitions is changing due to the technological revolution. The horizontal resolution of 4K technology is 3840 or 4096 pixels, and the vertical resolution is 2190 pixels. Its increased resolution and superior quality are its key advantages. After the opening

Segmentation

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• By Type Analysis

By type, the market is segmented into portable type and fixed type.

• By Application Analysis

Based on application, the market is classified into public place & government, defense & aerospace, entertainment & advertisement, and others.

DRIVING FACTORS

"Product Adoption in Various Sectors to Augment Market Growth"

The innovation of this camera system is likely to grow exponentially due to its importance in various computerized media such as advanced cameras and Tv screen framework screens. It is widely used in public and government places to gain an HD view and record any event organized in the region. Moreover, the defense & aerospace sector uses this camera to gain a clearer geographic view. These factors are estimated to surge the 4k camera market growth in the foreseeable future. 

"Expansion of The Entertainment and Advertising Sector to Boost the Product Demand "

The entertainment industry is rapidly growing due to the increasing disposable income for the consumption of leisure, entertainment, and consumer goods. Entertainment has become a routine in human life, estimated to augment market growth. Moreover, the products and services feel the need to advertise their products and services to gain growth in the global market. Furthermore, the popularity of sports, TV shows, movies, and reality shows is rising, which is estimated to prosper 4k camera market growth.

RESTRAINING FACTORS

"High Cost of the Product May Restrict the Market Growth"

4k cameras are expensive which is estimated to be a major restraining factor in the global market growth. The high cost of the product resists small businesses to adopt these cameras. These factors are estimated to hinder market growth in the future. 

REGIONAL INSIGHTS

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"North America to Dominate the Market Due to the Presence of Key Market Players in the Region"

North America is estimated to hold a leading part of the 4k camera market share owing to the strong presence of major marker vendors, who are investing heavily on innovation of the product. Additionally, it is attributable to the rising participation of the youth population in recreational and sports activities.

Asia Pacific is likely to show significant growth due to the growing demand for entertainment from the emerging countries such as India, China, and Japan.

KEY INDUSTRY PLAYERS

"Key Companies to Emphasis On the Development of Advanced Technology"

Key market players are focused on strengthening their presence by adopting advanced technologies. The competitors are adopting strategies to gain mergers and acquisitions in the global market. Major players of the market are emphasis on gaining collaborations, mergers, and acquisitions is increasing among leading players. The major market players are striving to maintain partnerships with other key players in the same industry. Gaining partnerships with other companies will develop a strong consumer base in the global market. The key competitors are adopting organic and inorganic growth strategies to surge their market share in the global market. 

List of Market Players Profiled

• Canon (Japan)
• Nikon (Japan)
• Panasonic Corporation (Japan)
• Bosch Security Systems (U.S.)
• Infineon Technologies (Germany)
• Occipital (U.S.)
• Sony Corporation (Japan)
• Axis Communications (Sweden)
• Sharp Corp (Japan)
• Blackmagic Design (Australia)
• FLIR Systems (U.S.)
• Hong Kong Skyworth Digital Holdings (China)
• LUMAX (India)
• L.G Electronics (South Korea)
• Schneider Electric (France)
• Primesense (Israel)
• Pentax (Japan)
• Red Digital Cinema Camera Company (U.S.)
• Samsung Electronics (South Korea)
• Softkinetic (Belgium)

INDUSTRY DEVELOPMENT

• May 2022- Nikon made a partnership with Microsoft to create VR content. Nikon authorizes the production and shooting of volumetric virtual reality and 3D content. Additionally, it is the first licensed partner in Japan known as Microsoft Mixed Reality Capture Studios (MRCS). This launch creates a significant sign that Nikon is adapting development of content development on a corporate level.

REPORT COVERAGE

The market research study offers thorough information on numerous market aspects. The growth drivers, restraints, geographical analysis, competitive environment, and challenges are a few of them. Additionally, it provides an analytical analysis of market trends and projections for various factors to show potential investment areas. From 2022 through 2028, the market is objectively assessed to determine its financial viability. The report's data was compiled using a variety of primary and secondary sources.