Digital Camcorders Market Analysis Report By Resolution, By Distribution Channel, By Region And Segment Forecasts From 2019 To 2025

Industry Insights

The global digital camcorders market size was estimated at USD 1.8 Billion in 2018. The market is expected to witness a significant growth rate with a CAGR of 10.4%, from 2019 to 2025. The rising influence of media, journalism, and the entertainment industry is expected to have a positive impact on this market growth. The usage of such products for covering news across remote locations has also contributed to this growth. Moreover, these camcorders are also being used for producing movies having a low budget and television shows to curtail the expenses for shooting.

Also, popular movies like paranormal activities have been produced with the help of such camcorders. The major consumers for such products are students and interns across the film-making industry. The majority of the key players in this industry have started launching technologically advanced products as per the rising trend among the customers.

The rising influence of video recording across family functions, domestic celebrations, festivals and get together has boosted the market demand for such products. Ease of availability, affordable price, and simple storage capacity have also fueled the market growth for such products. Moreover, the rising influence of social media to share such videos among family and friends has also increased the demand for camcorders.

The rising influence of online video lectures in the educational and research sector is also creating the demand for such products. This can be attributed to features like e-learning which increase the reach of education even to remote locations across the globe. Also, the usage of YouTube among students and millennials for educational, interview and research purposes has been on the rise for the last few years. Thus, the digital camcorders market is expected to boost in the upcoming years.

Resolution Insights

In 2018, the resolution segment of Full HD 1080p held the largest share of 55% across the global market. This can be attributed to the rising demand for blue ray prints for video streaming websites and televisions. It is acting as a substitute for several video formats such as 720 and 1080p thereby enhancing the video quality. This resolution is capable to capture high-quality videos that do not create a strain on the eyes.

The UHD 2160p resolution segment is expected to register the fastest CAGR of 10.7% during the forecasted years, 2019 to 2025. This growth can be attributed to the rising demand among the users to capture details in the recordings thereby increasing the picture quality. The clarity and visual details of this segment are finer as compared to the rest of the resolutions. This is expected to drive the market growth for digital camcorders in the upcoming years.

Distribution Channel Insights

The offline distribution channel held the largest share across the globe. This can be attributed to the preference among the customers to physically examine the product before deciding on a purchase. Also, customers across developing countries like India and China rely on electronic stores for the purchase of such products. Thus, the offline channel contributes more to the market growth for products like digital camcorders.

The online distribution channel of such equipment is expected to witness the fastest growth during the forecasted period, 2019 to 2025. This can be attributed to the accessibility of such products on e-commerce portals and websites. Also, a wide range of products available for comparison, doorstep delivery, hassle-free return policy, and the rising influence of the internet among millennials is expected to drive the market in the upcoming years.

Regional Insights

The European region is expected to witness the fastest growth with a CAGR of 11.1% during the forecasted period, 2019 to 2025. This growth can be attributed to the growth in the tourism sector among the millennial across countries like France, Greece, and Italy. Most people prefer to carry their camcorders while touring with family and friends to capture the auspicious moments. Thus, the digital camcorders market is expected to boost in the upcoming years.  

Also, the projects being carried out under the educational curriculum are being conducted in natural environments. So, the usage of camcorders is on rising for recording the observations. This is expected to have a positive impact on the market growth for camcorders during the forecasted period, 2019 to 2025.

Digital Camcorders Market Share Insights

The market includes key players such as Canon Inc.; JVCKENWOOD Corporation; GoPro, Inc.; SAMSUNG; Panasonic; Toshiba Corporation; Vivitar Corporation, and SONY. These manufacturers are constantly focusing on R&Ds for product development and innovation. They are continuously launching new products having evolved functioning and latest features. The rising trend among the manufacturers to reduce the weight of the product and improving the picture quality is expected to have a positive impact on the market growth in the upcoming years.

They are developing products that are of fine quality and are affordable to the customers. The latest products can also be connected to the internet. Moreover, the launching of products having an inbuilt Wi-Fi connection has helped in recording and uploading the media simultaneously. Thus, the market is expected to boost during the forecasted period, 2019 to 2025.

Report Scope

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels, and provides an analysis of the latest industry trends in each of the sub-segments from 2015 to 2025. For this study, Million Insights has segmented the global digital camcorders market report based on resolution, distribution channel, and region:

• Resolution Outlook (Revenue, USD Million, 2015 - 2025)
    • Full HD (1920 x 1080) 1080p
    • UHD (3840 x 2160) 2160p

• Distribution Channel Outlook (Revenue, USD Million, 2015 - 2025)
    • Offline
    • Online

• Regional Outlook (Revenue, USD Million, 2015 - 2025)
    • North America
        • U.S.
    • Europe
        • Germany
        • U.K.
    • the Asia Pacific
        • India
        • China
        • Japan
    • Central & South America
        • Brazil
    • Middle East and Africa