Camcorders Market Size, Share, Growth, and Industry Analysis by Type (Mini-DV Camcorders, DVD Camcorders, HDD Camcorders, Flash Memory Camcorders), by Application (Media and Entertainment, Personal, R&D, Security and Surveillance), and Regional Forecast to 2032

Updated On: 29 April 2024

CAMCORDERS MARKET REPORT OVERVIEW

The global camcorders market size was USD 8118.5 million in 2022 and the market is projected to touch USD 14246.33 million by 2032, exhibiting a CAGR of 5.8% during the forecast period.

Camcorder is portable electronic device that is used to record live videos and audios for later playback. It helps in the easy recording of events and is used by professionals for filmmaking. The device is capable of recording audio and live-motion videos. It has an imager, lens, and recorder. A camcorder focuses on the light while converting light and electrical signals into digital videos. Electronic media channels including news organizations have been using camcorders frequently, especially for covering news from remote locations. Camcorders are portable devices that are used for videography purposes. The recordings done through camcorders get stored in the internet and external media drives which can be used to create multiple copies. Camcorders are used for a wide range of application by both professionals and non-professionals.

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. Participants are fixing their efforts on encouraging R&D. Technological development are supporting the regional market growth. Manufacturers need to stay updated with changing market trends and develop products that meet growing consumer needs. Companies coming up with progressive technological solutions for firming their positions.

COVID-19 Impact:  Pandemic Hampered The Market Due To Unexpected Disruption In The Sector

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

COVID- 19 pandemic has extremely affected the whole world. It caused many unexpected disruption and affected the industry. COVID- 19 had negative impact on the market due to economic slowdown, unpredictability in financial sector and high unstable market. The pandemic resulted in decreased demand due to a disrupted supply chain, drop in sales of products, delivery schedules. Travel bans imposed affected business collaboration and partnership. Demand had recently reduced due to travel bans and lockdown during the COVID-19 pandemic. The continuous loss in the business due to the lockdown measures is projected to directly influence the growth of the investments in the market.

LATEST TRENDS

"Use Of Innovative Products To Boost The Market Growth "

Technological improvement and development will further enhance the presentation of the product, allowing it to obtain a varied range of requests in the market. Technological advancement will improve performance and propel the market growth. Technological advancement with high demand are increasingly setting a force to increase the productivity. Some players focus on product improvement to meet consumer requirements and likings. Constant innovation in manufacturing of products is anticipated to stimulate product demand.

CAMCORDERS MARKET SEGMENTATION

• By Type Analysis

According to type, the market can be segmented into mini-DV camcorders, DVD camcorders, HDD camcorders, flash memory camcorders

Mini-DV camcorders will capture the maximum market share through forecast period.  

Mini-DV camcorders: Mini-DV camcorders use magnetic tape media to record digital video. They were popular for their high quality and affordability. They are superior video quality for their time, relatively inexpensive media, and easy editing on a PC.

DVD camcorders: These camcorders record video directly onto DVD discs, which can be played back on standard DVD players.

HDD camcorders: HDD camcorders record video directly to an internal hard drive. They have large storage capacity allowing for extended recording times without the need to change media; easy transfer of files to computers or other devices.

Flash memory camcorders: These camcorders use solid-state flash memory cards for storage. They are compact and lightweight design, high storage capacity with the ability to swap cards, and minimal risk of mechanical failure.

By Application Analysis

According to application, the market can be segmented into media and entertainment, personal, R&D, security and surveillance

Camcorders market players cover segment as media and entertainment will dominate the market share during forecast period.

Media and entertainment: They are used in professional filmmaking, television production, live broadcasting, and event videography.

Personal: It is used in family events, travel, vlogging, and hobbyist videography.

R&D: Often used in documenting experiments and projects, educational content creation, and technical analysis.

Security and surveillance: This is used in monitoring public spaces, private property surveillance, and law enforcement.

DRIVING FACTORS

"Increasing Demand for Content Creation To Boost The Market Growth"

The rise of social media, vlogging, and professional content creation fuels the demand for high-quality camcorders. This is particularly true for creators focusing on travel, documentaries, and live events. The digital videos can be stored in tapes or tapeless recorders. Rising application of camcorders by professionals in the entertainment industry will also create lucrative and remunerative camcorders market growth opportunities in the long run.

"Technological Advancement and Innovation To Upsurge The Market"

Technological advancements and innovation activate unique revenue augmenting opportunity which will upsurge the camcorders market growth. Growing investment in research and development activities and growing awareness about benefits are expected to deliver profitable opportunities for the market. Innovations in imaging technology, such as 4K and 8K resolution, improved sensor sensitivity, and image stabilization, drive consumer interest and market growth.

RESTRAINING FACTOR

"Competition From Smartphones & DSLR To Hamper The Market Growth"

The continuous improvement in smartphone cameras and the versatility of DSLRs and mirror less cameras pose significant competition as they offer comparable or superior video quality in more compact forms. Technical difficulties will reduce the industry revenue.

CAMCORDERS MARKET REGIONAL INSIGHTS

The market is primarily segregated into Europe, Latin America, Asia Pacific, North America, and Middle East and Africa.

"Asia Pacific to Dominate the Region Due To Demand For High-Quality Video Equipment"

Asia Pacific is further expected to witness growth in the camcorders market share. The region is dominating the market due to demand for high-quality video equipment for both professional and personal use is robust in this region. The rising inhabitants and increasing income levels are also contributing to the development of the market. Upsurge in investments by key market players for the R&D undertakings and enlargement of their production abilities and product portfolios are projected to upsurge the growth. The expansion of regional market is being aided by technological developments.

KEY INDUSTRY PLAYERS

"Key Players Focus On Partnerships To Gain Competitive Advantage"

The key players are dynamically contributing in strategic events that are aimed at maintaining strong market position and increasing market share by merger, partnerships and others. Key players are motivated to introduce new innovative products. They are spending severely on research and development in order to arise with more new technology so that they can maintain and improve their existing market. The market changes are dynamic such as market expansion, partnership and merger. The collective efforts of these major players expressively impact the competitive landscape and future path of the market.

List Of Market Players Profiled

• Panasonic (Japan)
• Sony (Japan)
• Samsung Electronics (South Korea)
• Polaroid (U.S.)
• Ricoh (Japan)

INDUSTRIAL DEVELOPMENT

November 2021:  Panasonic Avionics won the award for its eX1 in-flight entertainment (IFE) solution for narrowbody aircraft, featuring Bluetooth audio technology which enables easy connections between wireless headphones and seatback IFE screens.

REPORT COVERAGE

The report provides scrutiny and information according to market sectors. Business overview, financial overview, product portfolio, new project launch, recent development enquiry are the factors included in the profile. The report incorporates completely examined and appraised evidence of the noticeable players and their position in the market by methods for various descriptive tools. The report covers national and regional level market size and forecast. The report gives businesses the facility to research new prospect in many areas. The report shows to be an operational tool that players can use to gain a competitive superiority over their opponents and ensure lasting achievement in the market.