India Professional Digital Camera Market Assessment, By Category [DSLR, DSLM, Compact, Camcorders, Lenses], By Type [Full Frame, APS-C, Micro 4/3], By Distribution Channel [Online, Offline], By Region; Opportunities and Forecast, FY2018-FY2032F

India's professional digital camera market was valued at USD 465.55 million in FY2024 and is expected to reach a value of USD 1181.82 million in FY2032 at a CAGR of 12.35% during the forecast period. The market is growing steadily due to the increasing demand for high-quality photography and videography. The market is primarily driven by professional photographers, videographers, and filmmakers who require advanced features such as high-resolution sensors, low-light photography, interchangeable lenses, and manual controls to capture high-quality images and videos. Apart from this, the increasing popularity of social media platforms and the rise of digital marketing led to a surge in demand for high-quality visual content.

New Product Launch Drives India Professional Digital Camera Market

The professional digital camera market in India is witnessing significant market growth owing to an increase in several new product launches from major brands. Companies in the market are introducing advanced models with innovative features to address the growing requirement for professional videographers and photographers. These new launches often aim at advanced technologies including high-speed processing, improved image sensors, enhanced video capabilities, and better low-light performance. New and high-performance cameras offer superior performance, ease of use, and compact size, driving the India professional digital camera market demand in the forecast period. In addition, the Indian market is also witnessing an increasing requirement for hybrid cameras, which combine the features of mirrorless cameras and other high-tech cameras, offering high performance and versatility. Companies in the market plan to launch new high-performance and high-tech cameras to address the demand from working professionals.

For instance, in July 2024, Canon Inc. announced the launch of EOS R1 and EOS R5 Mark II cameras in India to expand the market presence and revenue and address the growing demand from photography enthusiasts.

Increasing Demand for Mirrorless Cameras

Mirrorless cameras are gaining popularity among professional photographers in India, largely due to their compact size, ease of use, superior image quality, video capabilities, affordability, and popularity among professional photographers. In recent years, the market observed a sudden paradigm shift towards mirrorless cameras from digital SLR cameras (DSLR) and has managed to grab the majority of market share in a short time. This is being driven by leading market players shifting focus to the production of more mirrorless cameras than DSLRs amid the growing preference of end-users towards these cameras. 

Growing Inclination of Content Creators Towards Hybrid Cameras

Hybrid cameras, also known as Mirrorless interchangeable-lens cameras (MILCs), have gained immense popularity among vloggers, content creators, and social media influencers seeking a portable, lightweight camera, and delivers exceptional image and video quality. The emergence of social media platforms such as Instagram, YouTube, and TikTok has amplified the need for cameras that can capture high-quality content for these platforms.

COVID-19 Impact

The COVID-19 pandemic has significantly impacted the Indian economy, including the professional digital camera market. Due to the nationwide lockdown and restrictions on movement and gatherings, many photography projects, events, and shoots were postponed or cancelled. As a result, the demand for professional digital cameras decreased significantly. In addition, the closure of multi-brand stores and showrooms also affected the market as it became difficult for photographers and enthusiasts to access cameras and related equipment. However, online sales of professional digital cameras increased as many people shifted to online shopping during the pandemic.

The pandemic affected the supply chain network drastically, which heavily restricted the import of cameras and led to an increase in the prices of professional digital cameras in India as there is no manufacturing facility for cameras in India. Despite the challenges in post-COVID scenario, the professional digital camera market in India is recovering in the coming years as the situation normalizes and the demand for high-quality content and digital photography increases.

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India Professional Digital Camera Market, Assessment, Opportunities and Forecast: Report Scope

“India Professional Digital Camera Market Assessment, Opportunities, and Forecast, FY2018-FY2032F”," is a comprehensive report by Markets & Data, providing in-depth analysis and assessment of the current state of affairs of the professional digital camera market in India, industry dynamics, and challenges. The report includes market size, segmental shares, growth trends, opportunities, and forecasts (FY2025–FY2032). Additionally, the report profiles the leading players in the industry, mentioning their respective market share, business model, competitive intelligence, etc.

Report Attribute	Details
Base Year for Analysis	FY2024
Historical Period	FY2018-FY2023
Forecast Period	FY2025-FY2032
Projected Growth Rate	CAGR of 12.35% from FY2025-FY2032
Revenue Forecast in FY2032	USD 1181.82 Million
Units	Revenue in USD Billion and Volume in Unit Thousands
Segments Covered	·         By Category ·         By Type ·         By Distribution Channel
Regions Covered	·         Metro Cities ·         Non-Metro Cities
Key Companies Profiled	Canon India Pvt. Ltd., Nikon India Pvt. Ltd., Sony India Pvt. Ltd., Panasonic Life Solutions Pvt. Ltd., Fujifilm India Pvt. Ltd., FCE Lifestyles Pvt Ltd. (Leica India), OM Digital Solutions Corporation (Olympus Corporation), Kodak India Pvt Ltd (Eastman Kodak Company), Pentax Ricoh Imaging Company Ltd.
Customization Scope	15% free report customization with purchase.
Pricing and Purchase Options	Avail the customized purchase options to fulfil your precise research needs.
Delivery Format	PDF and excel through email (subject to the license purchased)

 

 In this report, India Professional Digital Camera Market has been segmented into the following categories:

1. India Professional Digital Camera Market, By Category

1.1. DSLR

1.2. DSLM (Mirrorless)

1.3. Compact

1.4. Camcorders

1.5. Lenses

2. India Professional Digital Camera Market, By Type

2.1. Full frame

2.2. APS-C

2.3. Micro 4/3

3. India Professional Digital Camera Market, By Distribution Channel

3.1. Online

3.2. Offline

3.2.1. Brand Stores/Kiosks

3.2.2. Multi-Brand Stores

3.2.3. Others

4. India Professional Digital Camera Market, By Region

4.1. Metro Cities

4.2. Non-Metro Cities

4.2.1. Tier 1 Cities

4.2.2. Tier 2 Cities

4.2.3. Tier 3 Cities

4.2.4. Tier 4 Cities

Key Players Landscape and Outlook

To expand the market share and profitability, several businesses are focusing on strategic collaboration projects. However, mid-size and small businesses are leveraging the expansion capabilities to gain new contracts and tap into new markets as a result of technical improvements and product innovations.

The market is highly competitive with key players involving Canon India Pvt. Ltd., Nikon India Pvt. Ltd., Sony India Pvt. Ltd., Panasonic Life Solutions India Pvt. Ltd., Fujifilm India Pvt. Ltd.

• In February 2023, Canon unveiled the EOS R8, a new entry-level full-frame camera and the EOS R50, a new APS-C mirrorless camera that will replace the EOS M50 Mark II. Both cameras feature many of the robust video and still shooting features of the EOS R6 Mark II, including Canon Log 3 and up to 40 frames per second continuous shooting.
• In January 2023, Panasonic has introduced the Lumix S5II and S5IIX cameras in India. The new hybrid mirrorless cameras feature a freshly created 24.2-megapixel 35mm full-frame CMOS sensor along with PDAF (Phase Detection Auto-Focus). In order to achieve high resolution, natural description, and around 2x faster signal processing for high bit-rate video recording, the image engine has also undergone recent development.
• In October 2022, Nikon India launched firmware version 3.00 for flagship full-frame mirrorless camera Nikon Z9. Firmware version 3.00 further enhances the Z9, offering exciting new features related to both video and still functions, as well as improved operability and display features that respond to user needs.

Key Players Operating in India Professional Digital Camera Market

• Canon India Pvt. Ltd.
• Nikon India Pvt. Ltd.
• Sony India Pvt. Ltd.
• Panasonic Life Solutions Pvt. Ltd.
• Fujifilm India Pvt. Ltd.
• FCE Lifestyles Pvt Ltd. (Leica India)
• OM Digital Solutions Corporation (Olympus Corporation)
• Kodak India Pvt Ltd (Eastman Kodak Company)
• Pentax Ricoh Imaging Company Ltd.

Key Benefits of Buying This Report

Markets and Data reports are based on qualitative and quantitative data collected through ‘on-ground’ primary research interventions. Based on our in-depth research, our reports can also provide granular city/state-level market size data. The report includes deeper actionable insights provided by industry experts & Key Opinion Leaders, thus offering cutting-edge business solutions. The forecast data included in the report is based on the ‘Drivers based forecasting’ technique, ensuring accurate decoding of the future.

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