The global market for video production cameras will exceed the value of USD 57.92 billion by 2031; Increasing demand from entertainment industry to elevate market growth: Research Nester

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Key companies covered in Research Nester’s Global Video Production Cameras Market Research Report is Canon and Nikon Inc. These are just two market players that offer video production cameras. These cameras include various features such as video stabilizer, automation solution and more. These two companies continue to work to improve their product. Thus, leading a healthy finish in the market.

New York, October 14, 2022 (GLOBE NEWSWIRE) — Research Nester has released a detailed market report on ‘World market for video production cameras‘ for the forecast period, i.e. 2022 – 2031, which includes the following factors:

  • Market growth during the forecast period

  • Detailed regional synopsis

  • Market segmentation

  • growth controllers

  • challenges

  • Key market players and their detailed profile

Global Video Production Cameras Market Size:
The global video production camera market is estimated to grow with a CAGR of 6.1% during the forecast period. The main factor that is anticipated to drive the growth of the market is the increasing demand from the entertainment industry. The demand for movies is increasing in the entertainment industry. According to a new study, the typical person anticipates watching approximately 300 different movies or TV shows in 2022. In addition, increasing demand for HD channels is anticipated to be another factor driving market growth. In India, the number of HD viewers has more than doubled, rising more than 140 percent in 2019 compared to 2017.
Furthermore, the increasing demand for home entertainment is expected to drive the growth of the market during the forecast period. Between 2019 and 2020, the number of global Internet video subscribers increased by around 25%, totaling around one billion subscriptions. In the coming years, this trend is projected to persist. During the lockdown phase, people spent more time indoors as everything was closed, including movie theaters. Thus, his preference for home entertainment increased. Therefore, in order to develop quality videos that a user can consume on smartphones or on television, the demand for video production cameras is expected to increase. The global video production camera market is estimated to generate revenue of USD 57.92 billion by the end of 2031. Furthermore, the market generated revenue of USD 32.33 billion in the year 2021.
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Global Video Production Cameras: Key Points

  • DSLR and mirrorless camera segment will drive the most growth

  • Increasing urbanization to drive market growth

  • Studio and broadcast segment for highest revenue

Increasing urbanization to drive market growth
Globally, the rate of urbanization is at an all-time high. Nearly 5 billion people will live in cities and towns by 2030, compared to more than half of the world’s population today. The cities are more developed in the case of technology and also the standard of living of most of the people who live in the cities is high. Therefore, they tend to spend more on expensive video cameras. There are also a large number of production houses located in the urban region because the demand is high.
Furthermore, there has been an increasing demand for smartphones which is also expected to influence the growth of the market. The number of smartphone users worldwide is projected to reach 6 billion by 2022, an increase of about 4% per year. Nowadays, smartphones consist of advanced cameras that allow video to be recorded in a standard quality than other video production cameras. Therefore, its demand is expected to increase during the forecast period.

Global Video Production Cameras, Segmentation by Type

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The DSLR and mirrorless camera segment is projected to see the largest revenue of $12,512.6 million by the end of 2031. The segment’s growth can be attributed to an increase in the number of events and an increase in the number of people attending watch sporting events on television. In 2019, once a month, more than 149 million Americans watched live sports. Mirrorless cameras are often used to broadcast sporting events. They include unique features including auto focus system, silent shutter, compact size and others. Plus, they have excellent body image stabilization, making them a perfect fit. Also, DSLR cameras are popular with professional sports and press photographers. With a DSLR, the photographer can use a variety of lenses because each lens can be removed and swapped out for one with a different focal length.

Global market for video production cameras, segmentation by end user

  • Corporate

  • Studio and Broadcasting

  • educational institutions

  • Large spaces and events

  • Others

The studio and broadcast segment is estimated to have the highest revenue of USD 15,988.3 million by the end of 2031, due to the increase in the number of television commercials, newscasts, entertainment programs, news magazines, reality shows and more . In 2021, television had a total of approximately 14,610 brands and about 9,230 advertisers, of which more than 40%, or about 4,480, were new or returning advertisers. Similarly, approximately 7,400, or more than 50% of brands, were new or returning. Additionally, the studio and broadcasting industries are adopting high-end remote-controlled box cameras for robots, which is also expected to fuel the growth of the segment.

Few of the world’s known market leaders video production camera market Those profiled by Research Nester are Canon and Nikon Inc. These two companies are doing more to improve their product by having healthy competition.

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Recent Developments in the Global Video Production Camera Market

  • On May 3, 2022, to enable integration of the Seervision Suite with Canon PTZ cameras, Canon and Seervision entered into a collaboration. Seervision can now provide the video production automation solution alongside its current line of PTZ cameras. By integrating the software suite with Canon’s robotic cameras, a new range of customers could now use cameras at live and hybrid events, in corporate and educational settings, and in other situations.

  • On October 28, 2021, Nikon India Private Ltd., a wholly owned subsidiary of Nikon Corporation Tokyo, unveils the latest full-frame (Nikon FX-format) Z-series mirrorless camera, the Nikon Z 9. It is designed to exceed expectations with unmatched performance and innovative capabilities that are firsts for Nikon and the mirrorless category.

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