Market Insights Consumer Consumer Electronics TV, Radio & Multimedia

Digital Cameras - G20

The revenue in the Digital Cameras market in 2024 is estimated to be US$19.0bn.
It is projected to grow annually by 1.20% (CAGR 2024-2029).
When comparing the global market, the highest revenue is generated in China, reaching US$6,147.0m in 2024.
In terms of per person revenues, the figure is US$3.80 in 2024.
Looking ahead, the volume in the Digital Cameras market is expected to reach 96.0m pieces units by 2029.
The market is anticipated to demonstrate a volume growth rate of 0.8% in 2025.
Additionally, the average volume per person in the Digital Cameras market is projected to be 0.0pieces units in 2024.
It is worth noting that these numbers pertain to the Digital Cameras market within the G20 countries.
In Japan, the birthplace of leading camera brands, digital camera sales continue to thrive, driven by a strong culture of photography and technological innovation.

Key regions: Germany, United Kingdom, China, Europe, Brazil

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Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on consumer spending on electronic and digital devices used privately either for entertainment (televisions, game consoles, smart speakers, etc.), communication (telephones, smartphones, etc.) or home-office activities (printers, copiers, etc.).

Modeling approach:

Market sizes are determined through a bottom-up approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use annual financial reports of the market-leading companies and industry associations, third-party studies and reports, survey results from our primary research (e.g., the Statista Global Consumer Survey), as well as performance factors (e.g., user penetration, price per product, usage). In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, number of internet users, smartphone penetration rate, household number and consumer price index. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing are well suited for forecasting electronic products due to the non-linear growth of technology adoption and regular product upgrade. The main drivers are GDP per capita, consumer spending per capita, and 5G penetration rate.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year. In some cases, the data is updated on an ad hoc basis (e.g., when new, relevant data has been released or significant changes within the market have an impact on the projected development). GCS data is reweighted for representativeness.