Mirrorless Cameras Market - Forecasts from 2019 to 2024

The mirrorless cameras market was estimated to be valued at US$1.913 billion in 2018. Mirrorless cameras refer to a camera that uses a single removable lens and employs a digital display system instead of an optical viewfinder. Mirrorless cameras utilize an image sensor to display an image acting as an electronic viewfinder. These cameras are relatively smaller, lighter and more manageable than its counterpart the DSLR cameras. The mirrorless cameras market has been segmented on the basis of type, distribution channel, and geography. Geographically the Asia Pacific region is assessed to have a high market growth for the mirrorless cameras market due to the rise in disposable income as well as rapid urbanization. In North America as well as the European region it is projected that these regions will hold a significant hold in the market during the forecasted time period due to high consumption of food, beverages, confectionaries, etc.

Drivers

Rising global disposable income
Growing retail industry

Restraints

Availability of substitutes

Industry Update

In 2018, Nikon and Canon launched mirrorless cameras under the name Nikon Z and the Canon R series in response to the successful mirrorless camera series of Sony’s Alpha range.

Major industry players profiled as part of the report are Sony Corporation, Nikon Corporation, Canon Inc., Fujifilm Holdings Corporation, Leica Camera AG, and Panasonic Corporation among others.

Segmentation

The mirrorless camera market has been analyzed through the following segments:

By Type
Fixed Lens
Interchangeable Lens

By Distribution Channel
Online
Offline

By Geography

North America
United States of America
Canada
Mexico

South America
Brazil
Argentina
Others

Europe
Germany
France
United Kingdom
Spain
Others

Middle East and Africa
Saudi Arabia
Israel
Others

Asia Pacific
China
Japan
South Korea
India
Others