Wilmington, Delaware, Sept. 13, 2023 (GLOBE NEWSWIRE) -- Australia Digital Camcorders Market was valued at US$ 440 million in 2022 and is expected to grow at a significant CAGR of over 3.7% over the forecast period of 2023-2030, according to the latest market report by RationalStat
Market Definition, Market Scope, and Report Overview
A digital camcorder, often known as a camcorder, is a portable electronic device that captures and records video and sounds. These devices are used for a variety of reasons, including home video recording, event documentation, professional video content creation, and more. Digital camcorders, which store video digitally on multiple media types, have essentially supplanted analogue camcorders, which require physical tape for recording.
The pandemic of COVID-19 has expedited the adoption of remote employment and online education. As a result, webcams and camcorders have gained popularity for video conferencing, virtual meetings, and online classes. The combination of technology improvements, evolving consumer preferences, and increasing demand for high-quality video material across numerous sectors and industries is driving the growth of the digital camcorder market.
- According to a deep-dive market assessment by RationalStat, the Australia digital camcorders market has been analyzed on the basis of market segments, including lens, camera type, end user and geography/regions (including Western Australia, Southern Australia, Eastern Australia, Northern and Central Australia). The report also offers Australia and regional market sizing for the historical period of 2019-2022 and the forecast period of 2023-2030.
- Market intelligence for the Australia digital camcorders market covers market sizes on the basis of market value (US$/EUR Million) and volume (Units) by various products/services/equipment, demand assessment across the key regions, customer sentiments, price points, cost structures, margin analysis across the value chain, financial assessments, historical and forecast data, key developments across the industry, import-export data, trade overview, components market by leading companies, etc.
- In addition, the long-term sector and products/services 10-year outlook and its implications on the Australia digital camcorders market. It also includes the industry's current state – Production Levels, Capacity Utilization, Tech quotient, etc. Key information will be manufacturing capacity by country, installed base, import volumes, market size, key players, market size, dynamics, market data, insights, etc.
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Australia Digital Camcorders Market: Segmental and Market Share Analysis
- On the basis of camera lens, the interchangeable lens segment is projected to dominate the market. It gives users a broader range of image capture capabilities than another type.
- On the basis of end user, professional segment is expected to hold a major share of the market because of the increased demand for powerful digital cameras among film producers.
Report Synopsis
| Report Metrics | Details |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Base Year Market Size | US$ 440 million |
| Market Size Forecast | US$ 588 million |
| Growth Rate | 3.7% |
| Key Market Drivers |
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| Companies Profiled |
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Competition Analysis and Market Structure
These players adopt various strategies in order to reinforce their market share and gain a competitive edge over other competitors in the market. Mergers & acquisitions, partnerships and collaborations, and product launches are some of the strategies followed by industry players. Some of the key developments in the Australia digital camcorders market include,
- In September 2020, The IMAX Corporation, an American-Canadian theatrical corporation, collaborated with digital camera manufacturers such as ARRI, Panavision, Red Digital Camera, and Sony to produce digital cameras for filmmaking.
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RationalStat has segmented the Australia digital camcorders market based on lens, camera type, end user and region
- Australia Digital Camcorders Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Lens
- Built-in
- Interchangeable
- Australia Digital Camcorders Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Camera Type
- Compact Digital Camera
- DSLR
- Mirrorless
- Australia Digital Camcorders Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by End User
- Professional Photographers
- Prosumers
- Hobbyists
- Others
- Australia Digital Camcorders Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Region
- Australia Digital CamcordersMarket
- Western Australia
- Southern Australia
- Eastern Australia
- Northern and Central Australia
- Australia Digital CamcordersMarket
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Key Questions Answered in the Digital Camcorders Report:
- What will be the market value of the Australia digital camcorders market by 2030?
- What is the market size of the Australia digital camcorders market?
- What are the market drivers of the Australia digital camcorders market?
- What are the key trends in the Australia digital camcorders market?
- Which is the leading region in the Australia digital camcorders market?
- What are the major companies operating in the Australia digital camcorders market?
- What are the market shares by key segments in the Australia digital camcorders market?
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Research Methodology
RationalStat has developed a state-of-the-art research methodology to crunch numbers and provide the best possible real-time insights to clients. We combine a varied range of industry experience, data analytics, and experts’ viewpoint to create a research methodology for market sizing and forecasting.
RationalStat combines a mix of secondary sources as well as primary research to assess the market size and develop a forecast. Key steps involved in accurately deriving the market numbers are:
- Defining the problem by understanding the type of market and data required by the client.
- Data gathering and collection through relevant paid databases, publicly available sources, company reports, annual reports, surveys, and interviews.
- Formulating a hypothesis to create market numbers, forecasts, influencing factors, and their relevance.
- Evaluating and analyzing the data by referring to data sources utilized and leveraged.
- Validating, interpreting, and finalizing the data by combining the details gathered from primary and secondary sources with the help of experienced analysts.
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About RationalStat LLC
RationalStat is an end-to-end Australia market intelligence and consulting company that provides comprehensive market research reports, customized strategy, and consulting studies. The company has sales offices in India, Mexico, and the US to support Australia and diversified businesses. The company has over 80 consultants and industry experts, developing more than 850 market research and industry reports for its report store annually.
RationalStat has strategic partnerships with leading data analytics and consumer research companies to cater to the client’s needs. Additional services offered by the company include consumer research, country reports, risk reports, valuations and advisory, financial research, due diligence, procurement and supply chain research, data analytics, and analytical dashboards.
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