Overview of the global camcorders market

Market research analysts at Technavio predict that the global camcorders market will grow steadily during the forecast period and post a CAGR of almost 8% by 2021. This market research analysis identifies the growing tourism industry as one of the primary growth factors for this market. The tourism industry has witnessed continuous growth because of the growing economic sectors across the world. Cameras and camcorders are common devices used by tourists to record their travel experiences. The increase in international tourism departures in addition to the minimal expenditure incurred by travelers and the new updated features and varieties of camcorders, will augment the growth of this market. In addition to offering products that are increasingly portable and are convenient for travelers, the vendors in this market are also focusing on including features such as water resistance and sharp image quality. This will consequently increase the demand for camcorders and will in turn, fuel the growth of this global market.

The market research report identifies the emergence of 4K camcorders as one of the key trends behind the growth of the camcorders market. The new model of camcorders is less expensive, flexible, versatile, and are available in different styles and sizes for various purposes. They can be used in different locations and conditions, use less storage, and retain high quality of images. The 4K technology allows users to adjust the picture quality by setting to an optimum parameter that is good for photography. Additionally, they also provide high-quality content and quadruple the resolution of full HD images, which will be greatly preferred by both professionals and individuals, especially travelers.

Competitive landscape and key vendors

The market is fragmented due to the presence of many large and small vendors. The large well-established vendors dominate the global market whereas the small vendors dominate regional markets. The competition among the key vendors in the camcorders market is due to factors such as product differentiation, portfolio, and pricing of products and the competitive environment will further intensify due to the expansion of product portfolio using innovative features. The vendors are improving product quality and are providing various features at competitive prices to gain the market from the smartphone manufacturers.

The leading vendors in the market are -

• Canon
• Panasonic
• Sony
• Samsung Electronics

The other prominent vendors in the market are Indigi, JVCKENWOOD, Kodak, Polaroid, Ricoh, and Vivitar.

Segmentation by product type and analysis of the camcorders market

• Professional Camcorders
• General and Traditional Camcorders

During 2016, the general and traditional segment accounted for the major shares and dominated the camcorders market. Factors such as the convenience, handy nature, and good image quality with image stabilization capabilities contribute to the growth of this industry segment in the coming years. The additional features such as optical zoom, manual controls, and improved storage capacities drives the consumer demand for this market.

Segmentation by storage type and analysis of the camcorders market

• Mini-DV camcorders
• DVD camcorders
• HDD camcorders
• Flash memory camcorders

This market study estimates that in terms of storage, the HDD camcorders segment will dominate the camcorders market by the end of the forecast period. This mainly attributed to its storage benefits over other camcorders. Additionally, HDD also have built in hard drives which eliminate the need for tapes and DVDs.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global camcorders market?
• What are the key market trends impacting the growth of the global camcorders market?
• What are the challenges to market growth?
• Who are the key vendors in the global camcorders market?
• What are the market opportunities and threats faced by the vendors in the global camcorders market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global camcorders market?

Technavio also offers customization on reports based on specific client requirement.

The camcorder is an electronic recording device which became popular in the 1980s. These devices are capable of recording audio and live motion videos. The device has a lens, an imager, and a recorder. Camcorder focuses on the light while converting the light signals and the electrical signals into digital videos. The digital videos can be stored in tapes or tapeless recorders. Technavio’s reports for the media and entertainment industry encircle a range of product markets including consumer electronics and internet and e-commerce. Technavio also produces voluminous knowledge on several factors such as the changing customer preferences and the factors which will make an impact on the growth of vendors in the consumer electronics industry, and also offers thorough information on all the vendors who possess dominating shares in the media and entertainment industry.

To effectively showcase the consumer electronics industry’s growth possibilities, our market research specialists follow a triangulated approach of primary and secondary research and conduct an extensive analysis of products and services markets across different locations across the globe. To help business strategize new policies for success in the consumer electronics market, this upcoming industry report on the global camcorders market for the years 2017 to 2021 offers executable insights construed from the data accumulated from dependable sources of information such as manufacturers, channel partners, and stakeholders.

This upcoming report on the global camcorders market also keeps in view the growth of resembling markets such as gyro cameras and underwater camera, which are expected to grow at a CAGR of almost 31% and about 20%, respectively by the year 2021. According to Technavio’s team of market research specialists, increasing user’s preference to get a look and feel of the camera before purchasing it is a primary factor fuelling the demand in the consumer electronics sector in the coming few years. Technavio also produces syndicated reports to help local vendors and global players planning to consolidate their market position in the media and entertainment industry.

This upcoming industry research report on the global camcorders market also discloses the growth drivers, emerging trends, and the setbacks currently come across by the vendors in the media and entertainment industry and also presents insights into media and entertainment services, gaming, and publishing and advertising sector.