A camcorder is a self-contained portable electronic device with features such as video capture and recording as its primary function. Camcorder is equipped with an articulating screen mounted on the left side, a belt to facilitate holding on the right side, hot-swappable battery facing toward the user, hot-swappable recording media, and an internally contained quiet optical zoom lens. The photography of wild animals requires camcorders with prime resolution and their ability to shoot in darkness during the night is driving its demand. Furthermore, these devices are lightweight and feature remaining storage capacity, and the ability to record high-speed motions.
Camcorders are highly popular in the entertainment and media industries. Increasing low-budget movies and television shows is a key factor driving the market. Expansion of the media and journalism industry across the globe is expected to propel the market. Electronic media channels including news organizations have been using camcorders frequently, especially for covering news from remote locations. Expansion of electronic media, such as news channel, which frequently use camcorders to cover news from remote areas is also a key driver of the market. Wildlife research and documentaries are also driving the industry. Increased spending on safari travel among working-class professionals owing to growing consumer awareness regarding luxury leisure activity is expected to boost the utility of camcorders.
Manufacturers keep improvising their products in order to cater to a larger customer base. Manufacturers of digital camcorders have been investing in R&D of electronic devices and launching products in line with the requirements of different customer segments. For instance, in 2018, Sony launched a new camcorder named ‘HXR-NX200’. The new camcorder is capable of capturing 4K high-resolution images, in addition to its excellent HD capabilities. Such advancement offers new opportunities for professional videographers and content creators and provides new avenues to end-users of the product.
The presence of counterfeit products in the market poses a challenge for the original brand. Numerous small players sell camcorders built-in with low quality parts, offered at low prices. Such counterfeit products hamper the camcorder market.
Asia Pacific accounted for a prominent share of the global camcorder market, in terms of revenue, as compared to that held by other regions, due to increased adoption of camcorders from various end-users, such as wildlife, researchers, media, entertainment, and personal use, in the region. Additionally, increasing applications of camcorder among consumers in countries such as China, India, and Japan is expected to boost the demand for camcorder. Technological advancements and rapid rise in demand for camcorders are also driving the camcorder market in the region.
Companies are working on product innovation and development to increase their customer base. Furthermore, key companies are adopting the merger and acquisition strategy to boost their market revenue at the global level. Some of the major companies identified in the camcorder market are:
Camcorder Market, by Resolution
Camcorder Market, by End-user
Camcorder Market, by Region
The report on the camcorder market is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macroeconomic indicators, and governing factors, along with market attractiveness as per segments. The report also maps the qualitative impact of various factors on market segments and regions.