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Instant Cameras and Accessories Market size is set to grow by USD 316.7 million from 2024-2028, Rise in gifting culture to boost the market growth, Technavio

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NEW YORK, June 27, 2024 /PRNewswire/ — The global instant cameras and accessories market  size is estimated to grow by USD 316.7 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  4.36%  during the forecast period. Rise in gifting culture is driving market growth, with a trend towards rising popularity of online retail. However, proliferation of smartphones and digital cameras  poses a challenge. Key market players include Canon Inc., Eastman Kodak Co., Elite Brands Inc., FUJIFILM Corp., HassyPB, HP Inc., Instant Box Camera, Leica Camera AG, Lomographische GmbH, MiNT Camera, Olympus Corp., Polaroid International B.V., and RCP Handels GmbH and Co. KG.

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Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Distribution Channel (Online and Offline), Type (Camera and Accessories), and Geography (North America, APAC, Europe, South America, and Middle East and Africa)

Region Covered

North America, APAC, Europe, South America, and Middle East and Africa

Key companies profiled

Canon Inc., Eastman Kodak Co., Elite Brands Inc., FUJIFILM Corp., HassyPB, HP Inc., Instant Box Camera, Leica Camera AG, Lomographische GmbH, MiNT Camera, Olympus Corp., Polaroid International B.V., and RCP Handels GmbH and Co. KG

Key Market Trends Fueling Growth

Online retail and e-commerce platforms have become essential sales channels for instant cameras and accessories vendors. Leading manufacturers, such as Canon, Fujifilm, Polaroid, and Kodak, sell their products through these channels, including their own websites and e-commerce giants like Amazon, eBay, and Alibaba. Online retail offers competitive pricing and geographical flexibility, while providing consumers with the convenience of purchasing from home. Effective SEO tools and advertisement analytics enhance product promotion. The growth of online retail for instant cameras and accessories is driven by increasing Internet penetration and the rising adoption of these products. This trend is expected to continue during the forecast period, contributing to market expansion. 

The Instant Camera and Accessories market is experiencing a resurgence, fueled by the trend towards instant photos and physical prints. Consumers are drawn to the nostalgic appeal of instant photography, with brands like MiNT Camera and Leica leading the charge. Instant cameras like the Instax Mini and Wide continue to be popular choices, offering an iconic look that sets them apart from digital technology. Accessories such as lenses, filters, straps, cases, photo albums, and frames are in high demand. Brands are innovating with features like self-developing film, Bluetooth connectivity, flip-out screens, mirrors, and shooting modes. Instant photo printing is available both online and offline, through platforms like social media and physical stores. Instant film and selfies are driving sales, with self-timers, flash units, and shooting modes enhancing the user experience. The trend towards instant photography is here to stay, with hybrid instant cameras featuring digital image sensors also gaining traction. 

Research report provides comprehensive data on impact of trend. For more details- Download a Sample Report

Market Challenges

The instant cameras and accessories market faces competition from the rising popularity of smartphones and digital cameras. These advanced devices offer high-definition resolution, optical zoom capabilities, and superior performances in various lighting conditions. Notable models like the Apple iPhone and Samsung Galaxy S7 boast exceptional picture and video quality. With these Internet-connected devices, users can easily share images on social media. In emerging markets, particularly China, the proliferation of high-end smartphones and digital cameras is anticipated to decrease the demand for instant cameras, potentially hindering the market’s growth during the forecast period.The Instant Cameras and Accessories market is experiencing a resurgence, driven by the popularity of Instax Mini and Instax Wide formats. Vintage-style photography continues to be a trend, fueled by the iconic look of Instant film. However, the market faces challenges from digital technology and instant photo printing’s availability online and offline. Self-developing film is a niche but growing segment. Instant cameras offer features like selfies, flip-out screens, mirrors, lenses, frames, Bluetooth, flash units, self-timers, and shooting modes. Hybrid instant cameras with digital image sensors and digital picture processing are gaining traction, competing with DSLRs, mirrorless lens cameras, and even mobile phones. Accessories like retractable lens buttons, lens barrels, and batteries are essential for optimal performance. The market’s future lies in catering to diverse user needs while maintaining the balance between traditional and digital offerings.

For more insights on driver and challenges – Download a Sample Report

Segment Overview 

This instant cameras and accessories market report extensively covers market segmentation by

Distribution Channel1.1 Online1.2 OfflineType 2.1 Camera2.2 AccessoriesGeography 3.1 North America3.2 APAC3.3 Europe3.4 South America3.5 Middle East and Africa

1.1 Online-  The instant cameras and accessories market has experienced significant growth due to the influence of e-commerce. Online sales have expanded the market’s reach, particularly in retail sectors. However, concerns over product authenticity and credibility have hindered the market’s digital transformation. Counterfeit products have proliferated online, eroding consumer trust in electronic purchases. Nevertheless, the availability of customer preference data and convenient return policies are driving the market’s online segment. Vendors are leveraging data to cater to consumer demands and expand their customer base. These factors are expected to continue fueling the market’s growth during the forecast period.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2018 – 2022)  – Download a Sample Report

Research Analysis

The Instant Cameras and Accessories Market is experiencing a resurgence in popularity due to the nostalgic appeal of instant photos and physical prints. Instant cameras allow users to capture and develop their photographs on the spot, providing a tangible memento of the moment. These cameras come in various designs, from classic models to modern versions with features like selfies, flip-out screens, mirrors, and Bluetooth connectivity. Accessories such as lenses, filters, self-developing film, frames, straps, cases, photo albums, and additional equipment like flash units and self-timers add to the creative possibilities. Brands like MiNT Camera, Leica Camera, Instax Mini, and Instax Wide offer a range of instant cameras and accessories to cater to different photography styles and preferences. Instant photography continues to thrive in the age of social media platforms, offering a unique and personal touch to digital images.

Learn and explore more about Technavio’s in-depth research reports

The set-top box market and home audio equipment market are experiencing significant growth driven by technological advancements and consumer demand for enhanced entertainment experiences. Innovations in smart technology, 4K streaming, and integration with home automation systems are key trends propelling the set-top box market. Meanwhile, the home audio equipment market is booming with the popularity of wireless speakers, soundbars, and high-fidelity audio systems. Consumers seek immersive audio experiences for home theaters and smart home setups, contributing to robust market expansion. Both markets are poised for continued growth as they adapt to evolving consumer preferences and technological innovations.

Market Research Overview

The Instant Cameras and Accessories Market refers to the industry that produces and sells Instant Cameras, Instant Films, and related accessories such as Lenses, Filters, Straps, Cases, Photo Albums, and various other add-ons. Instant Photos, with their physical prints, continue to hold a nostalgic appeal in today’s digital age. Instant cameras, including MiNT Camera and Leica Camera, offer an iconic look and provide immediate gratification. Instant photography is popular on Social Media Platforms, with trends like Vintage-style photography and Selfies. Instant film and Instant photo printing are available both online and offline through various platforms. Self-developing film and accessories like Flip-out screens, Mirrors, Lenses, Frames, Bluetooth, Flash units, Self-timers, Shooting modes, and Shot are also part of this market. Digital technology has led to the development of Hybrid instant cameras with Digital image sensors, DSLRs, Motion mode, and Digital picture processing. Point-and-shoots, Mirrorless lens cameras, and even Mobile phones with retractable lens buttons and lens barrels have entered the Instant Camera Market. Battery life is an essential factor in the success of Instant Cameras and Accessories.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

Distribution ChannelOnlineOfflineTypeCameraAccessoriesGeographyNorth AmericaAPACEuropeSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Nearly 50% of Young People Resolve to Quit Nicotine in 2025

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EX Program by Truth Initiative Offers a Proven Path to Success

WASHINGTON, Dec. 23, 2024 /PRNewswire/ — Almost half (48%) of young people aged 18-24 are making quitting nicotine a priority for their 2025 New Year’s resolutions, according to new data from Truth Initiative® – the nation’s largest nonprofit public health organization dedicated to preventing youth and young adult nicotine addiction and empowering quitting for all.

 

This survey data* highlights a growing desire to break free from nicotine addiction and the urgent need for effective resources for 18- to 24-year-olds, among whom e-cigarette use is prevalent and dual use of cigarettes is a growing concern. For many, the journey to quit can feel daunting, especially for the scores of young people who think quitting means going “cold turkey” without a network of support. To meet this need, Truth Initiative is offering resources to help their resolutions stick and has launched Outsmart Nicotine, a new campaign designed to introduce young people to EX® Program, a comprehensive quitting resource developed in partnership with Mayo Clinic in 2008.

Empowering Young People with Tools and Encouragement Through EX Program

EX Program is a free cessation resource tailored to meet the unique challenges faced by young people. It offers proven, evidence-based tools designed to support quitting through personalized quit plans, interactive text messages, and 24/7 access to the nation’s most established online quit community. A randomized clinical trial among young adults published in JAMA Internal Medicine found that EX Program text message support can increase the odds of quitting by up to 40%, making EX Program one of the most effective resources for tackling nicotine addiction. These tools have helped millions quit nicotine over nearly two decades, solidifying EX Program as one of the most effective cessation resources available.

Redefining Quitter’s Day: Introducing “You Got This Day” as Part of the Outsmart Nicotine Campaign

Through the Outsmart Nicotine campaign, Truth Initiative is driving awareness of these tools with a series of ads that celebrate the small, everyday victories that lead to quitting nicotine for good. The campaign’s launch ad, “You Got This,” creates an uplifting tone with the iconic track “Can I Kick It?” by A Tribe Called Quest to inspire young people to take that first step toward a nicotine-free life.

“Quitting nicotine is hard, but it doesn’t have to be a lonely or impossible journey,” said Kathy Crosby, CEO and President of Truth Initiative. “With Outsmart Nicotine and the proven-effective EX Program, we’re showing young people that freedom from addiction is possible and within reach– and giving them the tools to quit smarter, not harder.”

Traditionally known as Quitter’s Day, the second Friday in January – January 10th in 2025 – marks the time of year when many people abandon their new year’s resolutions. Giving it a fresh perspective, Truth Initiative is renaming it “You Got This Day” to motivate young people to push through challenges and keep working toward their quit goals. The campaign reframes this day as a moment of empowerment, reminding young adults that quitting is difficult, but with the right support, it’s possible.

Take the First Step Toward Quitting

Truth Initiative invites young people to take the first step toward quitting by texting EXPROGRAM to 88709 or visiting exprogram.com. Organizations interested in EX Program’s enterprise solution can learn more at exprogram.com/enterprise.

*According to Truth Initiative Continuous Tracking Online (CTO) survey data collected October 17, 2024December 17, 2024, from 662 respondents.

About Truth Initiative
Truth Initiative® is a national nonprofit public health organization committed to a future free from lifelong addiction, fostering healthier lives and a more resilient nation. Our mission is to prevent youth and young adult nicotine addiction and empower quitting for all. Through our evidence-based, market-leading cessation EX® Program and national public education and prevention campaigns, we are leading the fight against youth and young adult tobacco use, which threatens to put a new generation at risk of lifetime nicotine addiction. Our rigorous scientific research and policy studies, community and youth engagement programs supporting populations at high risk of using tobacco, and innovation in tobacco dependence treatment continue to contribute to ending one of the most critical public health battles of our time. Based in Washington, D.C., our organization was established and funded through the 1998 Master Settlement Agreement between attorneys general from 46 states, five U.S. territories, and the tobacco industry. To learn more, visit truthinitiative.org.

About EX Program
EX® Program is a proven-effective tobacco cessation program, developed by Truth Initiative® with Mayo Clinic, that brings together the best evidence-based quitting approaches, interactive digital quitting programs, and the most established online quit community. EX Program has helped millions of youth and adults develop the skills and confidence to successfully quit. Truth Initiative research has shown that EX Program text messages can increase a user’s odds of quitting by up to 40%. To learn more, visit exprogram.com.

About EX Program Enterprise
Developed by Truth Initiative® with Mayo Clinic, EX® Program Enterprise is the best strategic partner for employers, health plans, and public health organizations to end smoking, vaping, and nicotine use. Sponsored users receive multimodal quitting support, available in both English and Spanish. Clients get real-time dashboards to track performance, year-round promotions, and expert client success guidance. To learn more about available options visit exprogram.com/enterprise.

 

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SOURCE Truth Initiative

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Foxconn Announces Strategic Partnership With Zettabyte to Transform AI Data Centers

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TAIPEI, Dec. 23, 2024 /PRNewswire/ — Zettabyte, a global leader in AI data center software and infrastructure solutions, is proud to announce a strategic partnership with Hon Hai Technology Group (Foxconn), the world’s largest electronics manufacturer. This collaboration, underpinned by capital funding, aims to drive innovation and expand the adoption of energy-efficient AI solutions worldwide.

At the forefront of Zettabyte’s offerings is Zware, its advanced AI data center management software. Zware optimizes GPU performance, dramatically lowering energy usage while maximizing computing output. This cutting-edge solution empowers businesses to achieve unparalleled efficiency and sustainability in AI computing.

“We are thrilled to partner with Foxconn, a company renowned for its excellence in manufacturing and innovation,” said Kenneth Tai, Chairman of Zettabyte. “This partnership will accelerate the deployment of our technology, meeting the surging demand for high-performance, energy-efficient AI computing globally.”

Partnering with Zettabyte aligns with Foxconn’s commitment to advancing sustainable technologies. According to Foxconn, Zware’s ability to enhance AI data center operations while significantly reducing energy consumption opens opportunities to set new benchmarks for the future of AI data centers.

This collaboration underscores Zettabyte’s leadership in revolutionizing AI infrastructure and its dedication to providing transformative technologies to enterprises worldwide.

About Zettabyte

ZETTABYTE is a global innovator in AI data center technology, delivering solutions that redefine efficiency and sustainability in AI data centers. Its flagship software, Zware, is setting a new standard for sustainable and efficient AI computing.

About Foxconn

Established in 1974 in Taiwan, Hon Hai Technology Group (“Foxconn”) (TWSE: 2317) is the world’s largest electronics manufacturer and leading technological solutions provider, ranking 32nd among the Fortune Global 500. In 2023, revenue totaled TWD6.162 trillion (approx. US$198 billion or EUR183 billion)

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Karma Automotive Collaborates with the Connected Vehicle Systems Alliance (COVESA), UC Riverside and ROADMEDIC.AI to Develop and Pilot Software and Standards for Next-Generation 9-1-1 Emergency Response Vehicle Communications

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At CES2025, a new vision is shared for standardizing the method that enables Software Defined Vehicles to more rapidly and robustly dispatch 9-1-1 Emergency Response Services to vehicle collisions 

IRVINE, Calif., Dec. 23, 2024 /PRNewswire/ — Karma Automotive, America’s only full-line ultra-luxury vehicle manufacturer, is passionate about enabling the proliferation of open standards in Software Defined Vehicle Architecture (SDVA) to increase industry collaboration, and to speed development as the expanded role of software redefines the driving experience aboard modern vehicles. With vehicle occupant safety as a preeminent focus in all vehicle development, Karma Automotive is collaborating with the Connected Vehicle Systems Alliance (COVESA), the University of California Riverside and ROADMEDIC.AI to develop standards-based software applications which leverage vehicle connectivity to provide robust and real-time insights to 9-1-1 first responders and the related eco-system.   

Developing technology that gets emergency responders to the scene faster to save lives

According to a paper published by the National Institute of Health (NIH), for every 1-minute increase in EMS response time, fatality odds increase by 2.6%. The goal of the effort is to drastically reduce emergency response times, and materially increase preparedness of responders when arriving at the site of a critical incident. Then, to validate software applications and communication protocols that have been validated in real-world applications that can be shared and easily deployed by the broader automotive industry.

To announce this project, Karma Automotive will join the COVESA Networking Reception and Demonstration at CES2025 on January 7 at 5pm at the Bellagio Hotel in Las Vegas, NV and showcase the ultra-exclusive, high-performance 2025 Karma Invictus. Karma Invictus is underpinned by the Karma Cloud Services platform that serves as the backbone for the development of the proposed safety system.

Enabling the detailed transmission of vital vehicle and occupant data in real-time could help responders increase preparedness to triage an incident, as contemporary automobiles carry tremendous amounts of data. Leveraging connectivity systems, a vehicle can directly identify number and location of occupants, severity of impact, location of the incident, vehicle extrication instructions and even driver biometrics. Software can be used to organize, parse, and transmit this data in real-time to parties based on their specific role in the 9-1-1 response eco-system.  When combined with vehicle-embedded and cloud-based AI, this data can be sorted and delivered independently, yet simultaneously to the diverse network of service providers that engage in incident response activities. Collectively, this effort is referred to as the ‘9-1-1 Dispatcher Visibility Demonstration Project’.

“Much of what we deliver to our customers in software should not be looked at as differentiating, but rather essential,” says Marques McCammon, President, Karma Automotive. “Safety for example is important to all industry players, and if we could standardize our approach to innovation in the space, we can not only improve the well-being of drivers universally, but also reduce development cost, and time getting new tech technologies to market. This philosophy is central to the Karma Automotive brand promise and our positioning as America’s only ultra-luxury automotive brand.”  

“Together with our partners, we look to democratize development and share the learnings to the benefit of the broader industry and the community at large,” continues McCammon, “and with upcoming Karma vehicles, this technology will be seamlessly integrated within our Karma Connect Vehicle Data Management and connectivity services platform.”

“This collaboration is the realization of a 25-year journey,” said Lawrence E. Williams, CEO and Founder of ROADMEDIC.AI. “Many times, it seemed like a pipe dream, but today, thanks to Karma Automotive’s shared vision, we are turning that dream into reality. Together, we are poised to revolutionize 9-1-1 emergency response systems and save countless lives.”

Next Generation 9-1-1 Technology: A Game Changer
Karma Automotive is the first OEM automotive partner to COVESA’s ‘9-1-1 Dispatcher Visibility Demonstration Project’. Working in collaboration with the University of California Riverside, the automaker will utilize 3rd Generation Karma Revero sport sedans to pilot the technology application and its related use cases. The results of this effort will then be shared with the greater COVESA community, National Highway Traffic Safety Administration (NHSTA), and other community members and stakeholders.

Existing 9-1-1 emergency response systems rely heavily on caller-based information, often supplemented by telematics systems transmitting data to manufacturer call centers. These systems, while useful, introduce delays and inconsistencies that can hinder timely emergency responses. By contrast, the Next Generation 9-1-1 Technology spearheaded by Karma Automotive and its partners will enable vehicles to instantly transmit vital, multi-layered crash data directly to 9-1-1 Emergency Communication Centers, bypassing intermediaries and saving precious seconds in emergency scenarios.

About Karma Automotive

Karma Automotive is America’s only full-line ultra-luxury vehicle manufacturer, and a pioneer of EREV (Extended Range Electric) vehicles which it manufactures at its Karma Innovation and Customization Center (KICC) in Moreno Valley, CA. Its Executive, Product Development, and Design headquarters are located in nearby Irvine, CA. The Karma portfolio embodies California’s spirit of innovation and entrepreneurial boldness, reflected by the signature Comet Line which is the central hallmark of Karma’s new design language. Sales of the 3rd Generation Karma Revero sport sedan, the world’s first luxury EREV plug-in hybrid, are now underway in the USA and EU, offering luxury balanced with conscientiousness delivered without compromise. Sales of Revero’s ultra-exclusive, performance-tuned stablemate, Karma Invictus, will begin in Q1 2025, followed by the Gyesera four-seater in Q4 2025.  The Karma Kaveya super-coupe, with up to 1,000HP and butterfly-doors, will arrive in Q4 2026, incorporating SDVA (Software-Defined Vehicle Architecture) developed in collaboration with Intel Automotive. Further, Karma Automotive will provide Tier 1’s and Original Equipment Manufacturers (OEMs) with business-to-business SDVA solutions, as it does today with Karma Connect, its proprietary Vehicle Data Management and Over-the-Air services platform, which presently provides services to the world’s second largest OEM. Karma Automotive’s dealer network spans North America, Europe, South America and the Middle East. (www.karmaautomotive.com) 

About ROADMEDIC.AI

ROADMEDIC.AI is an authorized automotive OEM Tier 1 supplier dedicated to improving 9-1-1 emergency response through instantaneous IP-based data transmission from motor vehicles to 9-1-1 centers. Their innovative solutions save lives and reduce harm in crash events. For more information, visit www.roadmedic.com.

About COVESA

The Connected Vehicle Systems Alliance (COVESA) is an open, member-driven global technology alliance accelerating the full potential of connected vehicles. By developing common approaches and technologies, COVESA provides a collaborative platform that empowers automotive software stakeholders and world-class developers to address challenges and opportunities in connected mobility and navigate the digital transformation of the automotive industry. Learn more about COVESA or join our community at www.covesa.global.

Media Contact:                                                                                                                                                           

Joe Richardson, (917) 716-6617                                                                              
Joe@BeautifulNoisePR.com 

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