South America Digital Camera Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Compact Digital Camera, Bridge Camera, DSLR Camera, Mirrorless Camera, Digital Rangefinder Camera, and Line-Scan Camera) and End user (Personal and Professional)

DSLR Camera Segment to Dominate SAM Digital Camera Market during 2020-2028

According to a new market research study on “SAM Digital Camera Market to 2028 - COVID-19 Impact and Regional Analysis and Forecast by Type and End-user,” is expected to reach US$ 761.34 million by 2028 from US$ 575.72 million in 2021. The market is estimated to grow at a CAGR of 4.1% from 2021 to 2028. The report provides trends prevailing in the SAM digital camera market along with the drivers and restraints pertaining to the market growth. Growing Demand for Lightweight and High-Quality Digital Cameras is the major factor driving the growth of the SAM digital camera market. However, introduction of premium smartphones and high cost associated with the digital cameras hinder the growth of SAM digital camera market.

Brazil has the highest number of COVID-19 cases, followed by Ecuador, Chile, Peru, and Argentina, among others. The government of South America has taken an array of actions to protect their citizens and contain COVID-19’s spread. The governments of various countries in South America are taking several initiatives to protect people and to contain COVID-19’s spread in the region through lockdowns, trade bans, and travel restrictions. The growing population, rising disposable income, and high demand of consumer electronics are some of the key factors that are expected to drive the demand of digital cameras in this region. Hence, the negative impact of COVID-19 on supply and demand of various products and services as well as on the businesses operating in the region is expected to affect the growth of digital camera market in the year 2020.

The market for digital camera market is segmented into type, End-user, and country. Based on type, the market is segmented into compact digital camera bridge camera (including super zoom cameras), digital single lens reflex (DSLR) camera, mirrorless cameras, digital rangefinder cameras, and line-scan camera. In 2020, the digital single lens reflex (DSLR) camera segment held the largest share SAM digital camera market. Based on application, the digital camera market is categorized into personal and professional. In 2020, the professional segment held the largest share SAM digital camera market. Based on country, the market is segmented into Brazil, Argentina , Rest of SAM.

Canon Inc; Eastman Kodak Company; FUJIFILM Holdings Corporation; Hasselblad; Leica Camera AG; Nikon Corporation; OM Digital Solutions Corporation; Panasonic Corporation; RICOH IMAGING COMPANY, LTD.; Sony Corporation; are among the leading companies in the SAM digital camera market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2021, Leica Camera AG had released a firmware update for the Leica SL2-S camera. As a result, the camera now has additional functions, as well as notably enhanced performance, particularly in video recording

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• Obtain market revenue forecast for market by various segments from 2021-2028 in SAM region