Digital Camera Battery Market
Digital Camera Battery Market Forecasts to 2028 - Global Analysis By Type (Primary Battery and Secondary Battery), By Camera Type (Interchangeable Lens and Built-in Lens), By Battery Chemistry, By Application and By Geography
|
Years Covered |
2020-2028 |
|
Estimated Year Value (2022) |
US $726.3 MN |
|
Projected Year Value (2028) |
US $973.3 MN |
|
CAGR (2022 - 2028) |
5.0% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
Asia Pacific |
|
Highest Growing Market |
Middle East & Africa |
According to Stratistics MRC, the Global Digital Camera Battery Market is accounted for $726.3 million in 2022 and is expected to reach $973.3 million by 2028 growing at a CAGR of 5.0% during the forecast period. Digital cameras, including DSLRs, compact cameras, mirrorless cameras, and others, are powered by batteries. Rechargeable lithium-ion batteries are frequently used with digital cameras. However, alternative chemistries are also frequently used to power digital cameras, including nickel metal hydride, nickel cadmium, zinc-carbon, alkaline, primary lithium, and nickel-zinc. Batteries made by several digital camera manufacturers are designed to power their particular models.
According to the Camera & Imaging Products Association, the global sales of digital cameras dropped by 93% in 2021 compared to 2011. According to Epec, LLC, Ni-MH batteries cost less than 50% of a lithium-ion battery for the final battery pack's production price.
Market Dynamics:
Driver:
Increasing demand for low-weight cameras
The demand for digital cameras is primarily being driven by the growing use of high-speed cameras in the entertainment, media, and sports industries. The popularity of action photography has increased demand for lightweight digital cameras. The rise of social media platforms like Instagram has expanded the market for photography among users all over the world, and many of them snap pictures using professional digital cameras to publish to the app rather than just using their phones. In general, light cameras are used for simple photo capture. It is projected that the adoption of low-weight batteries in digital cameras will be fueled by the expanding technological advancements in this field.
Restraint:
Industry growth affected on account of declining digital camera sales
Sales of digital cameras have been dropping globally during the forecast period. Over the past few years, major digital camera manufacturers have witnessed a fall in their inconsistent sales. The Camera & Imaging Products Association estimates that, in comparison to 2011, global sales of digital cameras dropped by 93% in 2021. The improvement in smartphone cameras' quality is the main cause of this reduction. Smartphone cameras currently come with a variety of features, including computational photography and AI usage.
Opportunity:
Increasing consumer conscience to boost adoption of rechargeable batteries
Due to their higher energy efficiency, lower waste production, and ability to be recharged using basic chargers, secondary batteries are more popular among consumers, which is primarily driving the need for rechargeable secondary batteries. The performance of lithium-ion batteries has also improved due to increased R&D in material sciences, which has raised consumer demand for them. The trajectory of battery technology advancement has been uneven, with periods of stagnation alternating with notable advances. In fact, the concept of a battery-powered (wireless) gadget predates both computers and cable tools by decades.
Threat:
High expenses hindering the market growth
The heavy SLR digital camera body costs two to three times as much as a normal camera body. Low-end digital cameras currently compete with Instamatic cameras in terms of pricing. Additionally, it is considered that digital cameras aren't good. Moreover, technology is rapidly overcoming these limitations.
Covid-19 Impact:
The coronavirus pandemic has an impact on many people's way of living. They had to largely rely on working from home as a result of the epidemic to maintain social distance. There were less opportunities for people to use cameras for photography because they were confined in their residences and unable to travel or go on outings. Additionally, COVID-19 restrictions reduced the production ability of camera manufacturers. This had a significant impact on the market for digital cameras, which therefore had an impact on the sales of digital camera batteries.
The nickel metal hydride battery segment is expected to be the largest during the forecast period
The nickel metal hydride battery segment is expected to dominate the market during the forecast period as rechargeable Ni-MH batteries are used in two-way radios, cordless power tools, digital cameras, and cell phones. Moreover, Ni-MH produces high peak power, has a higher specific energy, uses less harmful metals, and has less of an impact on memory. It is also eco-friendly and has a deep discharge.
The interchangeable lens segment is expected to have the highest CAGR during the forecast period
As most digital cameras are powered by rechargeable batteries, the interchangeable lens camera segment is predicted to have the highest CAGR during the forecast period. These batteries are typically included with digital camera orders from OEMs or camera manufacturers. Furthermore, the Camera & Imaging Products Association estimates that 5,330,282 interchangeable lens cameras were produced globally in 2021, 2,216,698 of which were single-lens reflex cameras and 3,113,584 were mirrorless cameras.
Region with largest share:
Due to its rapid industrialization and urbanisation, the Asia-Pacific region dominated the global market and is expected to be the largest over the forecast period. Additionally, demand for digital cameras for social media use is increasing as a result of increased urbanisation and high internet penetration rates in this region. According to Internet World Stats, as of January 31st, 2021, over 50% of the world's internet users were located in the Asia Pacific region.
Region with highest CAGR:
During the projection period, the Middle East and Africa region is anticipated to have the highest CAGR. Lower lithium-ion battery costs and increased sales of portable electronics and digital cameras in the region are boosting the market. Additionally, the market in this region is expanding as a result of technological developments in the field of digital photography that prompted the development of more powerful and efficient camera batteries.
Key players in the market
Some of the key players in Digital Camera Battery market include Canon Inc, Nikon Corporation, SONY ELECTRONICS INC., Panasonic Corporation, Samsung, Duracell Inc., Energizer, Fujifilm, RICOH IMAGING COMPANY, LTD., OM Digital Solutions Corporation, Bower, Toshiba, Olympus, Phottix and Sigma.
Key Developments:
In July 2022, Ricoh Imaging Company, Ltd. announced the unveiling of the stand-alone model of the Ricoh Gr Iiix Urban Edition. The product was earlier available under the RICOH GR IIIx Urban Edition Special Limited Kit.
In May 2022, Ricoh Imaging Company, Ltd. announced the RICOH WG-80 digital compact camera launch. The camera is powered by a Rechargeable D-LI92 lithium-ion battery, with approximately 300 shots battery life for still applications, and approx. 260 min battery life for playback applications.
In April 2022, Ricoh and Ricoh Imaging announced that Ricoh won the if DESIGN AWARD 2022 for the RICOH GR IIIx, a digital camera by the company, in the “Product” category.
In December 2021, Samsung SDI announced that it launched its battery brand PRiMX. Samsung SDI is to promote the super-gap technology strategy by launching a brand that conveys the company’s identity.
In November 2021, Fujifilm launched the mirrorless digital camera, FUJIFILM X-T30 II. The device provides premium image quality while being lightweight and compact. It utilizes the NP-W126S Li-ion battery.
Types Covered:
• Primary Battery
• Secondary Battery
Camera Types Covered:
• Interchangeable Lens
• Built-in Lens
Battery Chemistries Covered:
• Nickel Metal Hydride Battery
• Lithium-ion Battery
Applications Covered:
• Pocket Camera
• SLR Cameras
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Digital Camera Battery Market, By Type
5.1 Introduction
5.2 Primary Battery
5.3 Secondary Battery
6 Global Digital Camera Battery Market, By Camera Type
6.1 Introduction
6.2 Interchangeable Lens
6.3 Built-in Lens
7 Global Digital Camera Battery Market, By Battery Chemistry
7.1 Introduction
7.2 Nickel Metal Hydride Battery
7.3 Lithium-ion Battery
8 Global Digital Camera Battery Market, By Application
8.1 Introduction
8.2 Pocket Camera
8.3 SLR Cameras
9 Global Digital Camera Battery Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 Italy
9.3.4 France
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Australia
9.4.5 New Zealand
9.4.6 South Korea
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Argentina
9.5.2 Brazil
9.5.3 Chile
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 Qatar
9.6.4 South Africa
9.6.5 Rest of Middle East & Africa
10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies
11 Company Profiling
11.1 Canon Inc
11.2 Nikon Corporation
11.3 SONY ELECTRONICS INC.
11.4 Panasonic Corporation
11.5 Samsung
11.6 Duracell Inc.
11.7 Energizer
11.8 Fujifilm
11.9 RICOH IMAGING COMPANY, LTD.
11.10 OM Digital Solutions Corporation
11.11 Bower
11.12 Toshiba
11.13 Olympus
11.14 Phottix
11.15 Sigma
List of Tables
1 Global Digital Camera Battery Market Outlook, By Region (2020-2028) ($MN)
2 Global Digital Camera Battery Market Outlook, By Type (2020-2028) ($MN)
3 Global Digital Camera Battery Market Outlook, By Primary Battery (2020-2028) ($MN)
4 Global Digital Camera Battery Market Outlook, By Secondary Battery (2020-2028) ($MN)
5 Global Digital Camera Battery Market Outlook, By Camera Type (2020-2028) ($MN)
6 Global Digital Camera Battery Market Outlook, By Interchangeable Lens (2020-2028) ($MN)
7 Global Digital Camera Battery Market Outlook, By Built-in Lens (2020-2028) ($MN)
8 Global Digital Camera Battery Market Outlook, By Battery Chemistry (2020-2028) ($MN)
9 Global Digital Camera Battery Market Outlook, By Nickel Metal Hydride Battery (2020-2028) ($MN)
10 Global Digital Camera Battery Market Outlook, By Lithium-ion Battery (2020-2028) ($MN)
11 Global Digital Camera Battery Market Outlook, By Application (2020-2028) ($MN)
12 Global Digital Camera Battery Market Outlook, By Pocket Camera (2020-2028) ($MN)
13 Global Digital Camera Battery Market Outlook, By SLR Cameras (2020-2028) ($MN)
14 North America Digital Camera Battery Market Outlook, By Country (2020-2028) ($MN)
15 North America Digital Camera Battery Market Outlook, By Type (2020-2028) ($MN)
16 North America Digital Camera Battery Market Outlook, By Primary Battery (2020-2028) ($MN)
17 North America Digital Camera Battery Market Outlook, By Secondary Battery (2020-2028) ($MN)
18 North America Digital Camera Battery Market Outlook, By Camera Type (2020-2028) ($MN)
19 North America Digital Camera Battery Market Outlook, By Interchangeable Lens (2020-2028) ($MN)
20 North America Digital Camera Battery Market Outlook, By Built-in Lens (2020-2028) ($MN)
21 North America Digital Camera Battery Market Outlook, By Battery Chemistry (2020-2028) ($MN)
22 North America Digital Camera Battery Market Outlook, By Nickel Metal Hydride Battery (2020-2028) ($MN)
23 North America Digital Camera Battery Market Outlook, By Lithium-ion Battery (2020-2028) ($MN)
24 North America Digital Camera Battery Market Outlook, By Application (2020-2028) ($MN)
25 North America Digital Camera Battery Market Outlook, By Pocket Camera (2020-2028) ($MN)
26 North America Digital Camera Battery Market Outlook, By SLR Cameras (2020-2028) ($MN)
27 Europe Digital Camera Battery Market Outlook, By Country (2020-2028) ($MN)
28 Europe Digital Camera Battery Market Outlook, By Type (2020-2028) ($MN)
29 Europe Digital Camera Battery Market Outlook, By Primary Battery (2020-2028) ($MN)
30 Europe Digital Camera Battery Market Outlook, By Secondary Battery (2020-2028) ($MN)
31 Europe Digital Camera Battery Market Outlook, By Camera Type (2020-2028) ($MN)
32 Europe Digital Camera Battery Market Outlook, By Interchangeable Lens (2020-2028) ($MN)
33 Europe Digital Camera Battery Market Outlook, By Built-in Lens (2020-2028) ($MN)
34 Europe Digital Camera Battery Market Outlook, By Battery Chemistry (2020-2028) ($MN)
35 Europe Digital Camera Battery Market Outlook, By Nickel Metal Hydride Battery (2020-2028) ($MN)
36 Europe Digital Camera Battery Market Outlook, By Lithium-ion Battery (2020-2028) ($MN)
37 Europe Digital Camera Battery Market Outlook, By Application (2020-2028) ($MN)
38 Europe Digital Camera Battery Market Outlook, By Pocket Camera (2020-2028) ($MN)
39 Europe Digital Camera Battery Market Outlook, By SLR Cameras (2020-2028) ($MN)
40 Asia Pacific Digital Camera Battery Market Outlook, By Country (2020-2028) ($MN)
41 Asia Pacific Digital Camera Battery Market Outlook, By Type (2020-2028) ($MN)
42 Asia Pacific Digital Camera Battery Market Outlook, By Primary Battery (2020-2028) ($MN)
43 Asia Pacific Digital Camera Battery Market Outlook, By Secondary Battery (2020-2028) ($MN)
44 Asia Pacific Digital Camera Battery Market Outlook, By Camera Type (2020-2028) ($MN)
45 Asia Pacific Digital Camera Battery Market Outlook, By Interchangeable Lens (2020-2028) ($MN)
46 Asia Pacific Digital Camera Battery Market Outlook, By Built-in Lens (2020-2028) ($MN)
47 Asia Pacific Digital Camera Battery Market Outlook, By Battery Chemistry (2020-2028) ($MN)
48 Asia Pacific Digital Camera Battery Market Outlook, By Nickel Metal Hydride Battery (2020-2028) ($MN)
49 Asia Pacific Digital Camera Battery Market Outlook, By Lithium-ion Battery (2020-2028) ($MN)
50 Asia Pacific Digital Camera Battery Market Outlook, By Application (2020-2028) ($MN)
51 Asia Pacific Digital Camera Battery Market Outlook, By Pocket Camera (2020-2028) ($MN)
52 Asia Pacific Digital Camera Battery Market Outlook, By SLR Cameras (2020-2028) ($MN)
53 South America Digital Camera Battery Market Outlook, By Country (2020-2028) ($MN)
54 South America Digital Camera Battery Market Outlook, By Type (2020-2028) ($MN)
55 South America Digital Camera Battery Market Outlook, By Primary Battery (2020-2028) ($MN)
56 South America Digital Camera Battery Market Outlook, By Secondary Battery (2020-2028) ($MN)
57 South America Digital Camera Battery Market Outlook, By Camera Type (2020-2028) ($MN)
58 South America Digital Camera Battery Market Outlook, By Interchangeable Lens (2020-2028) ($MN)
59 South America Digital Camera Battery Market Outlook, By Built-in Lens (2020-2028) ($MN)
60 South America Digital Camera Battery Market Outlook, By Battery Chemistry (2020-2028) ($MN)
61 South America Digital Camera Battery Market Outlook, By Nickel Metal Hydride Battery (2020-2028) ($MN)
62 South America Digital Camera Battery Market Outlook, By Lithium-ion Battery (2020-2028) ($MN)
63 South America Digital Camera Battery Market Outlook, By Application (2020-2028) ($MN)
64 South America Digital Camera Battery Market Outlook, By Pocket Camera (2020-2028) ($MN)
65 South America Digital Camera Battery Market Outlook, By SLR Cameras (2020-2028) ($MN)
66 Middle East & Africa Digital Camera Battery Market Outlook, By Country (2020-2028) ($MN)
67 Middle East & Africa Digital Camera Battery Market Outlook, By Type (2020-2028) ($MN)
68 Middle East & Africa Digital Camera Battery Market Outlook, By Primary Battery (2020-2028) ($MN)
69 Middle East & Africa Digital Camera Battery Market Outlook, By Secondary Battery (2020-2028) ($MN)
70 Middle East & Africa Digital Camera Battery Market Outlook, By Camera Type (2020-2028) ($MN)
71 Middle East & Africa Digital Camera Battery Market Outlook, By Interchangeable Lens (2020-2028) ($MN)
72 Middle East & Africa Digital Camera Battery Market Outlook, By Built-in Lens (2020-2028) ($MN)
73 Middle East & Africa Digital Camera Battery Market Outlook, By Battery Chemistry (2020-2028) ($MN)
74 Middle East & Africa Digital Camera Battery Market Outlook, By Nickel Metal Hydride Battery (2020-2028) ($MN)
75 Middle East & Africa Digital Camera Battery Market Outlook, By Lithium-ion Battery (2020-2028) ($MN)
76 Middle East & Africa Digital Camera Battery Market Outlook, By Application (2020-2028) ($MN)
77 Middle East & Africa Digital Camera Battery Market Outlook, By Pocket Camera (2020-2028) ($MN)
78 Middle East & Africa Digital Camera Battery Market Outlook, By SLR Cameras (2020-2028) ($MN)
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
Frequently Asked Questions
In case of any queries regarding this report, you can contact the customer service by filing the “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929
Yes, the samples are available for all the published reports. You can request them by filling the “Request Sample” option available in this page.
Yes, you can request a sample with your specific requirements. All the customized samples will be provided as per the requirement with the real data masked.
All our reports are available in Digital PDF format. In case if you require them in any other formats, such as PPT, Excel etc you can submit a request through “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929
We offer a free 15% customization with every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.
We have 3 different licensing options available in electronic format.
- Single User Licence: Allows one person, typically the buyer, to have access to the ordered product. The ordered product cannot be distributed to anyone else.
- 2-5 User Licence: Allows the ordered product to be shared among a maximum of 5 people within your organisation.
- Corporate License: Allows the product to be shared among all employees of your organisation regardless of their geographical location.
All our reports are typically be emailed to you as an attachment.
To order any available report you need to register on our website. The payment can be made either through CCAvenue or PayPal payments gateways which accept all international cards.
We extend our support to 6 months post sale. A post sale customization is also provided to cover your unmet needs in the report.
Request Customization
We provide a free 15% customization on every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.
Note: This customization is absolutely free until it falls under the 15% bracket. If your requirement exceeds this a feasibility check will be performed. Post that, a quote will be provided along with the timelines.
WHY CHOOSE US ?
Assured Quality
Best in class reports with high standard of research integrity
24X7 Research Support
Continuous support to ensure the best customer experience.
Free Customization
Adding more values to your product of interest.
Safe & Secure Access
Providing a secured environment for all online transactions.
Trusted by 600+ Brands
Serving the most reputed brands across the world.
