DUBLIN, Oct. 23, 2014 /PRNewswire/ -- Research and Markets has announced the addition of the "Digital Camera Market in Latin America 2014-2018" report to their offering.
A digital camera or digicam is an optical device used to encode images and videos into a digital format. Unlike traditional film cameras that record an image on film (analog), digital cameras record images as digital data. Digital cameras can be classified into built-in lens cameras, such as point-and-shoot cameras, and interchangeable lens cameras, such as DSLRs and MILCs.
A DSLR camera works on a unique reflex design scheme that combines optics with the mechanism of an SLR camera having a digital imaging sensor. A MILC is a class of digital system camera that provides an interchangeable lens mount and does not have a mirror reflex optical viewfinder. Today, digital cameras have made it very easy for individuals to capture still moments worthy of remembrance.
The analysts forecast the Digital Camera market in Latin America will grow at a CAGR of 17.82 percent over the period 2013-2018.
This report covers the present scenario and the growth prospects of the Digital Camera market in Latin America for the period 2014-2018. To calculate the market size, the report takes into account the unit shipments of the following types of digital cameras available in the market: Built-in Lens Cameras (point-and-shoot) and Interchangeable Lens Cameras (DSLRs and MILCs). The geographies considered in the report are: Brazil, Peru, Argentina, Chile, and the Rest of Latin America.
The report, the Digital Camera Market in Latin America 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report focuses on the Digital Camera market landscape in Latin America and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
The Digital Camera market in Latin America is witnessing an increase in demand for personalized digital cameras. Vendors are increasingly introducing personalized digital cameras in the market such as advanced waterproof and rugged digital cameras in different colors. In addition, vendors are targeting female customers with their mirrorless cameras.
This trend of targeting consumers with personalized products is also helping the vendors to better understand customer needs as well as design and introduce products accordingly to increase their market share .
According to the report, there are many factors contributing to the growth of the Digital Camera market in Latin America. The increase in DSLR camera sales is mainly attributed to their improved features. These cameras are gaining popularity among end-users because they produce high-quality images.
Further, the report states that the Digital Camera market in Latin America is confronted by certain growth inhibitors. The increasing popularity of smartphones is a major challenge that vendors face as it has a negative impact on the sales of digital cameras in the region. In addition, these smartphones are equipped with high-quality cameras, posing a threat to the sales of DSLR cameras.
The report also includes a discussion of the other vendors operating in this market. The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Key Topics Covered:
01. Executive Summary
02. List of Abbreviations
03. Scope of the Report
04. Market Research Methodology
06. Market Landscape
07. Market Segmentation
08. Geographical Segmentation
09. Buying Criteria
10. Market Growth Drivers
11. Drivers and their Impact
12. Market Challenges
13. Impact of Drivers and Challenges
14. Market Trends
15. Trends and their Impact
16. Vendor Landscape
17. Key Vendor Analysis
18. Other Prominent Vendors
19. Other Reports in this Series
- Casio Computer
- Leica Camera
- Ricoh Imaging
For more information visit http://www.researchandmarkets.com/research/7s2sbb/digital_camera
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SOURCE Research and Markets