Connect with us

Technology

Camera Accessories Market to Reach $10.7 Billion, Globally, by 2033 at 11% CAGR: Allied Market Research

Published

on

WILMINGTON, Del., Sept. 19, 2024 /PRNewswire/ — Allied Market Research published a report, titled, “Camera Accessories Market by Type (Lenses, Bags and Cases, Tripods, Batteries and Chargers, and Others), and Distribution Channel (Online and Offline): Global Opportunity Analysis and Industry Forecast, 2024-2033″. According to the report, the camera accessories market was valued at $3.8 billion in 2023, and is estimated to reach $10.7 billion by 2033, growing at a CAGR of 11% from 2024 to 2033.

Download Sample Pages of Research Overview: https://www.alliedmarketresearch.com/request-sample/A06599 

Prime determinants of growth 

The market for camera accessories is mostly propelled by the rising demand for excellent photography and videography. The demand for sophisticated equipment including tripods, lenses, and lighting solutions has increased due to the growth of social media and content creation. The industry is growing due to technological developments such as smart features and wireless connectivity. Furthermore, there is a greater need for appropriate accessories due to the increasing popularity of mirrorless and DSLR cameras. However, the market experiences obstacles including high costs and the presence of counterfeit products. The increase in photographs taken with smartphones presents another risk. However, possibilities present themselves as the e-commerce industry grows, providing camera accessories to a wider range of consumers.

Report coverage & details:

Report Coverage   

Details               

Forecast Period     

2024–2033                      

Base Year           

2023

Market Size in 2023           

$3.8 billion          

Market Size in 2033

$10.7 billion

CAGR

11 %

No. of Pages in Report        

250

Segments Covered

Type, Distribution Channel, and Region.                       

Drivers              

Rise of Social Media and Content Creation Advancements in Camera Technology Growth in Professional Photography 

Opportunities       

Expansion of E-commerce Innovations in Product Offerings Emerging Markets 

Restraints

High Costs Market Saturation Economic Uncertainties 

Segment Highlights

The market for camera accessories is expanding significantly, especially for tripods, as more people get interested in photography as a recreational activity and as a profession. Demand is being driven mostly by growing disposable income and technological developments in cameras, particularly DSLRs and mirrorless systems. Both amateur and professional photographers are in high demand for tripods since they are necessary for maintaining stability when taking pictures. The market is competitive, with leading companies launching innovative devices like Zhiyun and more recent brands like Joby, Gitzo, and Manfrotto. The increasing number of travel photographers and vloggers is being served by the trend toward lightweight and portable tripods. The expansion of e-commerce platforms has also made it simple for customers to access a variety of tripod solutions, which is propelling market growth.

The market for offline camera accessories is still growing, driven by professionals and enthusiasts who want to experience products before they buy them. Customers may try products like tripods, lenses, and lighting equipment in physical stores since they provide a hands-on experience. For individuals in need of professional guidance and real-time troubleshooting, the advantages of personalized customer service and instant availability are noteworthy. Large electronics companies and specialty camera stores predominate in this market, frequently holding community engagement events like workshops and demos. An additional special offline benefit is the ability to compare various brands and models directly. The offline sector continues despite the growth of e-commerce since photography and videography require high-quality equipment to be considered firsthand.

Buy This Research Report (250 Pages PDF with Insights, Charts, Tables, and Figures) @ https://www.alliedmarketresearch.com/checkout-final/03d5e51579da9c34d83731bb0618aa0e

Regional Outlook

Global market outlooks for camera accessories vary by region. Leading manufacturers have a significant presence in the North American market, which is fueled by technological advancements and a strong culture of photography. As a result of photography’s increasing popularity as a hobby and profession, Europe is seeing consistent growth. Owing to rising disposable income and a growing interest in photography and videography, the Asia Pacific region, especially China and Japan are expanding quickly. Growing consumer awareness and better economic conditions are increasing demand for camera accessories, and Latin America and the Middle East & Africa regions provide unexplored opportunities. Altogether, cultural influences, economic variables, and technological advancements are reflected in the market’s regional dynamics.

Players: –

Canon Inc.Elite Brands Inc.FUJIFILM Corp.Hitachi Ltd.JVCKENWOOD Corp.Kinefinity Inc.Miller Australia Pty Ltd.Nikon Corp.Olympus Corp.Panasonic Holdings Corp.Panavision Inc.RED Digital Cinema LLCRicoh Co. Ltd.Rollei GmbH and Co. KG.SIGMA Corp.Sony Group Corp.The Vitec Group PlcTranscend Information Inc.Koninklijke Philips NVSamsung Electronics Co. Ltd.

The report provides a detailed analysis of these key players in the global camera accessories market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario. 

Inquiry Before Buying @ https://www.alliedmarketresearch.com/purchase-enquiry/A06599 

Recent Developments:

In October 2023, Manfrotto strengthened its presence in the Asia-Pacific professional photography industry by acquiring Lastolite, a firm that specializes in lighting management solutions. Manfrotto’s product line and market reach?grew as a result of this purchase.In August 2023, Fujifilm aimed to cater to the increasing demand for travel and street photographers in the Asia-Pacific region by introducing a variety of innovative camera bags and protective accessories to its product portfolio. This addition is intended to meet the unique requirements of photographers who need high-quality, fashionable camera equipment.

Explore AMR’s Extensive ongoing Coverage on Consumer and Goods Domain:

Wearable Technology Market Opportunity Analysis and Industry Forecast, 2020-2031Action camera Market Opportunity Analysis and Industry Forecast, 2021-2027Outdoor Lighting Market Opportunity Analysis and Industry Forecast, 2021-2031Crawler Camera Systems Market Opportunity Analysis and Industry Forecast, 2019-2026Smart TV Market Opportunity Analysis and Industry Forecast, 2024-2033Battery Operated Lights Market Opportunity Analysis and Industry Forecast, 2024-2032Wireless Stereo Headset Market Opportunity Analysis and Industry Forecast, 2024-2033Electric Massagers Market Opportunity Analysis and Industry Forecast, 2020-2030Vending Machine Market Opportunity Analysis and Industry Forecast, 2023-2032Portable Air Conditioner Market Opportunity Analysis and Industry Forecast, 2021-2027Walkie Talkie Market Opportunity Analysis and Industry Forecast, 2021-2030Hospitality Robots Market Opportunity Analysis and Industry Forecast, 2021-2030

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:
David Correa
United States
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
Int’l: +1-503-894-6022
Toll Free: +1-800-792-5285
Fax: +1-800-792-5285
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com
Allied Market Research Blog: https://blog.alliedmarketresearch.com 
Follow Us on | Facebook | LinkedIn | YouTube |

Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg

 

View original content:https://www.prnewswire.com/news-releases/camera-accessories-market-to-reach-10-7-billion-globally-by-2033-at-11-cagr-allied-market-research-302252947.html

SOURCE Allied Market Research

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

G42 Collaborates with NVIDIA to Deliver Next-Generation Climate Solutions Using Earth-2

Published

on

By

ABU DHABI, UAE, Sept. 20, 2024 /PRNewswire/ — G42, a leader in AI and cloud computing, today announced that it is partnering with NVIDIA to advance climate technology with a focus on developing AI solutions aimed at dramatically enhancing the accuracy of weather forecasting globally.

The collaboration builds on NVIDIA’s Earth-2, an open platform that accelerates climate and weather predictions with interactive, AI-augmented, high-resolution simulation. G42 and NVIDIA will initially focus on a square-kilometer resolution weather forecasting model that improves the accuracy of meteorological predictions.

Key to this initiative is the establishment of a new operational base and Climate Tech Lab in Abu Dhabi. This state-of-the-art facility will serve as a hub for research and development, driving forward both companies’ commitment to environmental sustainability. This facility will also mobilize the creation of tailored climate and weather solutions that leverage over 100 petabytes of geophysical data assets.

Peng Xiao, Group CEO of G42, said, “This initiative with NVIDIA is a testament to our commitment to applying AI in ways that not only innovate but also solve critical global challenges. Establishing the Earth-2 Climate Tech Lab in Abu Dhabi allows us to leverage our unique capabilities and insights to foster a sustainable future for the world.”

In addition to fostering innovation in climate technology, the initiative will focus on building a robust framework for integrating enhanced weather prediction capabilities with comprehensive data metrics and visualization. This will assist organizations worldwide in achieving their sustainability goals through well-informed, data-driven environmental strategies.

“Our collaboration with G42 marks a pivotal step toward harnessing AI to understand and predict climate phenomena with unprecedented accuracy,” said Jensen Huang, founder and CEO of NVIDIA. “The Earth-2 Climate Tech Lab will propel environmental solutions using the most advanced accelerated computing and AI technology to benefit millions of people around the world.”

By uniting G42’s AI expertise with NVIDIA’s computational acumen, this partnership aims to deliver transformative climate solutions that combine scientific accuracy with real-world applicability, driving impactful change across industries and ecosystems.

About G42

G42 is a technology holding group, a global leader in creating visionary artificial intelligence for a better tomorrow. Born in Abu Dhabi and operating worldwide, G42 champions AI as a powerful force for good across industries. From molecular biology to space exploration and everything in between, G42 realizes exponential possibilities, today.
To know more visit www.g42.ai.

Media contacts
Media and PR Team, G42
media@g42.ai

View original content:https://www.prnewswire.co.uk/news-releases/g42-collaborates-with-nvidia-to-deliver-next-generation-climate-solutions-using-earth-2-302253818.html

Continue Reading

Technology

Kawasaki and CB&I Sign Strategic Collaborative Agreement for Promoting Commercial-Use Liquefied Hydrogen Supply Chain

Published

on

By

HOUSTON, Sept. 19, 2024 /PRNewswire/ — Kawasaki Heavy Industries, Ltd. (Kawasaki) and CB&I, a wholly owned unrestricted subsidiary of McDermott, announced today their signing of a strategic agreement for promoting a commercial-use liquefied hydrogen (LH2) supply chain and realizing a zero-carbon-emission society. The signing ceremony took place at Gastech Exhibition & Conference in Houston on September 18, 2024.

“We are very pleased for this opportunity to build and launch a commercial liquefied hydrogen supply chain in cooperation with CB&I,” said Motohiko Nishimura, President, Energy Solutions & Marine Engineering Company, Kawasaki Heavy Industries, Ltd. “By taking advantage of both companies’ strengths and specialized know-how, we aim to cost down hydrogen, strengthen hydrogen supply chain competitiveness, and accelerate the transition to a zero-carbon society.”

Both companies will use their specialized know-how to provide infrastructure that will enable commercial-scale international LH2 supply chains in order to help achieve carbon-neutrality. By leveraging our combined expertise to deliver large-scale LH2 infrastructure solutions, CB&I and Kawasaki are removing barriers, driving down costs and enhancing scalability across the entire supply chain.

“This strategic partnership represents a significant advancement in liquid hydrogen storage capabilities,” said Mark Butts, Senior Vice President of CB&I. “Our technical expertise and extensive experience in liquid hydrogen storage position us at the forefront of the energy transition, delivering reliable storage solutions and executing projects worldwide with proven success.”

Under this agreement, the companies will provide infrastructure to advance the global realization of a sustainable energy economy and meet decarbonization targets. This collaboration will reduce LH2 infrastructure costs and contribute to more widespread use of this clean and efficient energy source.

About CB&I
CB&I is the world’s leading designer and builder of storage facilities, tanks, and terminals. With more than 60,000 structures completed throughout its 130-year history, CB&I has the global expertise and strategically located operations to provide its customers world-class storage solutions for even the most complex energy infrastructure projects. CB&I is a wholly owned unrestricted subsidiary of McDermott. To learn more, visit www.cbi.com.

About McDermott
McDermott is a premier, fully-integrated provider of engineering and construction solutions to the energy industry. Our customers trust our technology-driven approach engineered to responsibly harness and transform global energy resources into the products the world needs. From concept to commissioning, McDermott’s innovative expertise and capabilities advance the next generation of global energy infrastructure—empowering a brighter, more sustainable future for us all. Operating in over 54 countries, McDermott’s locally-focused and globally-integrated resources include more than 30,000 employees, a diversified fleet of specialty marine construction vessels and fabrication facilities around the world. To learn more, visit www.mcdermott.com.

About Kawasaki Heavy Industries, Ltd.
Kawasaki Heavy Industries, Ltd. is general engineering manufacturer with over 125 years of experience manufacturing products spanning land, sea and air. Kawasaki established the Kawasaki Group’s new vision statement, “Group Vision 2030: Trustworthy Solutions for the Future,” and is focusing on three fields, “A Safe and Secure Remotely-Connected Society,” “Near-Future Mobility,” and “Energy and Environmental Solutions” in order to provide solutions for social issues. For “Energy and Environmental Solutions” in particular, by securing the technology necessary for the entire supply chain (for production, transportation, storage and utilization) ahead of the rest of the world, Kawasaki aims to bring about a society that utilizes hydrogen, the ultimate clean energy that emits no carbon dioxide when used. To learn more, visit https://global.kawasaki.com/en.

Forward-Looking Statements
McDermott cautions that statements in this communication which are forward-looking, and provide other than historical information, involve risks, contingencies and uncertainties. These forward-looking statements include, among other things, statements about the expected benefits from the collaboration agreement discussed in this press release.  Although we believe that the expectations reflected in those forward-looking statements are reasonable, we can give no assurance that those expectations will prove to have been correct. Those statements are made by using various underlying assumptions and are subject to numerous risks, contingencies and uncertainties, including, among others: adverse changes in the markets in which we operate or credit or capital markets; our inability to successfully execute on contracts in backlog; changes in project design or schedules; the availability of qualified personnel; changes in the terms, scope or timing of contracts, contract cancellations, change orders and other modifications and actions by our customers and other business counterparties; changes in industry norms; actions by lenders, other creditors, customers and other business counterparties of McDermott and adverse outcomes in legal or other dispute resolution proceedings. If one or more of these risks materialize, or if underlying assumptions prove incorrect, actual results may vary materially from those expected. You should not place undue reliance on forward-looking statements. This communication reflects the views of McDermott’s management as of the date hereof. Except to the extent required by applicable law, McDermott undertakes no obligation to update or revise any forward-looking statement.

For media inquiries, please use the contact information below:

Reba Reid
Global Media Relations
+1 281 588 5636
RReid@McDermott.com

Kristi Krupala-Grove
CB&I Media Relations
+1 346 313 9636
KKrupala2@mcdermott.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/kawasaki-and-cbi-sign-strategic-collaborative-agreement-for-promoting-commercial-use-liquefied-hydrogen-supply-chain-302253698.html

SOURCE McDermott International, Ltd

Continue Reading

Technology

Halal Route Application – Eat, Travel around Thailand, Safe and Sound Halal Style

Published

on

By

BANGKOK, Thailand, Sept. 20, 2024 /PRNewswire/ — The Halal Science Center, Chulalongkorn University has developed Halal Route, an application that lists restaurants, lodging, mosques, prayer directions, and tourist attractions in Thailand under Islamic tourism principles. It hopes to help Muslim tourists travel in Thailand with peace of mind, and supports tourism industry operators to grow and welcome a growing number of Muslim tourists.

The Tourism Authority of Thailand (TAT) predicts that in 2024 there will be around 168 million Islamic tourists worldwide.  According to the Mastercard-Crescent Rating Global Muslim Travel Index (GMTI 2024), Thailand is the 32nd most popular destination for Muslim tourists.  However, the major problem Muslim tourists encounter in Thailand is finding Halal-accredited restaurants, hotels, accommodations, or tourist attractions with service areas (such as prayer rooms) that are compliant with the Islamic way.

Halal Route” is a travel aggregator app that collects searchable information on Halal restaurants, mosques, prayer locations, times, and directions for prayers (the qibla), tourist attractions, Muslim villages or communities, hotels, accommodations, etc.  This app is linked to Google Maps for navigation with precision. It also supports 3 languages, Thai, English, and Arabic, so that Muslim tourists can live and travel more comfortably and with peace of mind,” said Mr.Erfun Weahama, Science Service Officer, Halal Route App development team.

Dr. Anat Denyingyot, Assistant Director of the Halal Science Center, emphasized that the Halal Route application has the most reliable and comprehensive information on halal tourism in Thailand today. “All restaurants and locations have had on-site visits and are audited according to standards approved by a trusted authority or organization, such as certifications from religious organizations or halal food-related entities, as well as management systems to guarantee and be responsible for halal conditions (the HAL-Q system),” Dr. Anat assured.

Currently, the application has more than 1,100 restaurants in its database, and new locations and services are being updated, covering more than 40 provinces from north to south of Thailand that are popular among tourists.

Halal Route is not only for navigation, but a platform that connects Muslim communities from around the world who have the opportunity to visit Thailand,” Associate Professor Dr.Winai Dahlan, Director of the Halal Science Center concluded.

The Halal Route application is free to download on both iOS and Android systems.

Read the full article at https://www.chula.ac.th/en/highlight/185916/  

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/halal-route-application—eat-travel-around-thailand-safe-and-sound-halal-style-302251312.html

SOURCE Chulalongkorn University

Continue Reading

Trending