Cropped sensor cameras are a class of digital cameras which comprise a sensor smaller than the traditional 24 mm X 36 mm camera lens. The crop factor represents the scale by which the cropped sensor is smaller relative to 35mm film format. For example, a camera sensor with crop factor of 2 generates images that would have to be magnified 2X to get the images fitting the traditional camera settings. Cropped sensor cameras are best utilized in photographing objects which are at a distance such as sports and wildlife, where individual components need to be in focus even if it means the loss of detail in other elements of the scene. An observable trend in the market is the increasing popularity of wildlife tourism and commercial sports events, which have led to increased sale of cropped sensor cameras. The cropped sensor camera market is highly competitive and diversified. The market in the coming years is expected to exhibit a high CAGR owing to the technological developments in the field.
There are many factors driving the global cropped sensor camera market. The growing popularity of photography recreationally and professionally is expected to be a major driver of the market. The advancement in sensor technology is paving the way for more compact professional grade cameras which is anticipated to drive the cropped sensor camera market. Moreover, these cameras are comparatively cheaper and easier to use than the full frame cameras. Additionally, the rising popularity of social media has given a platform for photography enthusiasts to share their work. This factor is expected to drive the market throughout the forecast period.
There are, however, some factors that are restraining the market’s growth. Cropped sensor cameras do not capture the level of detail like full sensor or full frame cameras do. There is an observable loss of quality in the pictures taken by cropped sensor cameras. This factor is expected to emerge as a major restraint of the market.
The global cropped sensor camera market can be segmented on the basis of type and geography. On the basis of type, the market can be classified into Digital single-lens reflex (DSLR) cameras, Compact cameras, Bridge compact cameras, and Mirrorless interchangeable lens cameras. Based on type, Digital single-lens reflex (DSLR) cameras sub-segment is expected to hold a major share of the market throughout the forecast period. These high end cameras provide better image quality compared to other types of cropped sensor cameras and are used by professionals. Compact cameras sub-segment is expected to expand at an impressive rate as these are easy to use and cheaper than the DSLR cameras.
On the basis of geography, the market can be segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America is expected to hold a major share of the total market with rapid proliferation of photography in countries like Canada and the United States. Additionally, the presence of leading market players in the region is expected to be a major driver of growth. Asia Pacific is expected to emerge as a rapidly growing region owing to the presence of local market players and increasing disposable income. Regions like South America and Middle East & Africa are expected to hold a minor share of the market.
The major players in the global cropped sensor camera market are Canon Inc., The Eastman Kodak Company, Nikon Corporation, Samsung Group, Panasonic Corporation, and The Ricoh Company, Ltd. Other prominent market players include Fujifilm Holdings Corporation, Sony Corporation, Olympus Corporation, GoPro, Inc. and Konica Minolta, Inc.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
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The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.