Market Research Future published a research report on “4K Camera Market Research Report- Global Forecast till 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast Report to 2023.
Market Research Future (MRFR) states different factors that can benefit the 4K global camera market 2020 in its latest report. As per MRFR analysis, the 4K camera market is expected to rise at 20% CAGR across the forecast period 2017-2023. The 4K camera market can value at USD 31 billion by 2023, states MRFR.
4K Camera market offers high quality images and videos that are highly desirable in different cash-rich sectors. This is expected to impel the expansion of the 4K camera market in the years to come. The highly efficacy of 4k camera devices with resolution of about 4096 x 2160 pixels that provides four times greater definition in images. The increase in awareness about highly effectiveness of 4K cameras is likely to prompt the expansion of the market in the years ahead. The introduction of 4K technology innovations can also boost the expansion of the 4K camera global market in the analysis period.
The high investment made in the development of advanced model, such as 2/3 inch sensor and 2/3 inch ultra-high definition models and their high adoption in the sports sector can also prompt the expansion of the 4K Camera Market in the years to come. The 4K technology is observed to rise at a high fast pace. In addition, costs associated with the technology is also minimal. This can also favor the rise of the 4K camera market in the analysis period.
Occipital, Inc (U.S.), Infineon Technologies AG (Germany), Canon Pvt Ltd (Japan), Blackmagic Design Pty. Ltd (Australia), Sony Corporation (Japan), Axis Communications AB (Sweden), Sharp Corporation(Japan), Schneider Electric (France), Skyworth Digital Holdings Ltd (China), and Panasonic Corporation (Japan) among others are some reputed names in the global 4K camera market enlisted by MRFR.
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The segment evaluation of the 4K camera market is done by type and application.
The application based segments of the 4K camera market are consumer electronics, retail, advertisement, aerospace entertainment, education, and defense among others. The application based segments of the 4k camera market is expected to earn high profits for the worldwide market across the study period. The entertainment segment can generate substantial revenue for the market due to high quality of picture, along with high resolution offered by the camera. In addition, 4K camera is also used to monitor airports, parking structures, train stations, and casinos among others.
The type based segments of the 4K camera market are Hybrid, DSLR, Mirror less, and Compact among Others. The high popularity of DSLR can support the rise of the 4K camera market in the years to come. The increased application of hybrid 4K camera can impel the market in the near future.
In Asia Pacific region, the 4K camera market is likely to thrive in the near future due to enhancements in camera technologies, rise of e-commerce business, expansion of manufacturing hub, and surge in the demand for ultra HD televisions. In North America, the surge in sales of consumer electronic can prompt the regional market rise. In Europe, the surge of 4K camera market can be attributed to the rise of the 4K camera market are rise in the need for high resolution pictures, technological advancements, better picture quality, and increased demand for consumer electronics. The rise in the application of 4K camera devices across sports sector can also support the surge of the market. The increased popularity of ultra-high resolution model that include ultra-motion and spider cameras can impel the rise of the market.
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