Mirrorless Camera Market – By Type (Fixed Lens & Interchangeable Lens), By Stabilization (Lens Based & Sensor Based), By Sensor Size (1/2.3”, 1\" (CX), Four Thirds, APS-C & Full Frame), By Distribution Channel (Online Stores & Offline Stores), By Geography - Global Opportunity Analysis & Industry Forecast, 2023-2030

Report Code: ESR 0802 Report Format: PDF + Excel

Mirrorless Camera Market Overview:

Mirrorless Camera Market size is estimated to reach $2.2 billion by 2030, growing at a CAGR of 4.7% during the forecast period 2023-2030. Rising disposable income, changing consumer lifestyles, easy accessibility and affordability and the growing content creation trend, particularly in the digital media space involving photos and videos. As social media platforms and online content continue to gain popularity, there is an increasing demand for high-quality visuals, which in turn causes the demand for mirrorless cameras.

According to Photutorial data, 1.72 trillion photos were captured globally in 2022 and by 2025, more than 2 trillion photos will be taken each year. Mirrorless cameras have grown in popularity over the years due to their smaller and more compact size than DSLRs, making them easier to transport and more versatile. Mirrorless cameras also have advanced autofocus systems and high-quality image sensors, which result in sharp, clear images with accurate colors. In addition to that, these cameras are popular among visual artists and content creators due to their ability to shoot in high-definition (HD) and 4K video. Furthermore, as mirrorless camera technology continues to improve, more photographers are turning to mirrorless cameras for their versatility and high-quality performance.

Market Snapshot:

Mirrorless Camera Market - Report Coverage:

The “Mirrorless Camera Market Report - Forecast (2023-2030)” by IndustryARC, covers an in-depth analysis of the following segments in the Mirrorless Camera Market.


Attribute

Segment

By Type

  • Fixed Lens

  • Interchangeable Lens

By Stabilization

  • Lens Based

  • Sensor Based

By Sensor Size

  • 1/2.3”

  • 1" (CX)

  • Four Thirds

  • APS-C

  • Full Frame

By Distribution Channel

  • Online Stores

  • Offline Stores

By Geography

  • North America (U.S., Canada and Mexico)

  • Europe (Germany, France, UK, Italy, Spain, Russia and Rest of Europe),

  • Asia-Pacific (China, Japan, South Korea, India, Australia & New Zealand and Rest of Asia-Pacific),

  • South America (Brazil, Argentina, Chile, Colombia and Rest of South America)

  • Rest of the World (Middle East and Africa).


COVID-19 / Ukraine Crisis - Impact Analysis: 

The pandemic has considerably reduced consumer spending, particularly during the early months of the outbreak, resulting in a drop in sales and revenue. The pandemic has also disrupted the supply chain and manufacturing processes, leading to production delays and shortages of specific camera models and components. On the other hand, the pandemic has also increased demand for online content as more people spend their time at home and online. Consequently, there is an increased demand for high-quality cameras, including mirrorless models, for content creation.

The Russia-Ukraine war has broader consequences on the global economy, including energy prices, supply chains, and trade flows. These macroeconomic factors have indirectly impacted consumer purchasing power and overall demand for consumer electronics, including mirrorless cameras.

Key Takeaways:

∙ Fastest Growth of Asia Pacific Region

Asia Pacific region is analyzed to grow with the highest CAGR 5.1% in the global mirrorless camera market during the forecast period 2023-2030. Rising disposable income and consumer spending on electronics has led to a growing demand for mirrorless camera technology in the region. In addition, the popularity of social media and content creation in countries such as China, Japan, India, and South Korea is expected to continue fueling the demand for high-quality cameras. Moreover, the increasing popularity of travel and tourism in the Asia Pacific is contributing to the demand for mirrorless cameras. As more people explore and document their journeys, the need for portable, lightweight, and high-performance cameras becomes essential.

∙ CMOS Sensors: The Pervasive Powerhouse in the Camera Industry

The CMOS sensor offers several advantages over conventional sensors, such as better colour reproduction, a higher dynamic range, and reduced noise, resulting in better image quality. As a result, it has gained popularity among expert photographers and videographers who require high-quality images and videos. In addition, CMOS technology is widely used in consumer electronics products such as electronic devices, smartphones, etc. Hence, it makes it cheap and readily available and has a vast scope for research and development in future. For instance, in March 2023, Panasonic revealed that they have been working on a new organic photoconductive film (OPF) CMOS image sensor designed to improve image quality performance, and particularly colour performance in comparison to Backside Illuminated CMOS sensors, used in the majority of cameras today.

∙ Sensor-Based Stablization is Leading the Market

Sensor-based stabilization cameras account the market share of $0.83 Billion. Sensor-based stabilization has several/ advantages, including compatibility with a broad range of lenses, including vintage lenses without built-in stabilization. Furthermore, sensor-based stabilization has advanced in recent years, with newer systems capable of identifying and correcting for even greater camera shake. As a result, it has become a more appealing choice for professional photographers and videographers who require the highest image clarity and stability. For instance, Sony is known for its emphasis on sensor-based or in-body image stabilization (IBIS). Sony announced the ZV-FF, a full-frame camera designed for content creators, in March 2023. According to Sony, this is the smallest full-frame camera with IBIS and AI-based processing. They claim that the IBIS has been improved to provide up to 30% more stabilization.

∙ Competition from Smartphone as a Major Challenge

The mirrorless camera industry faces a significant challenge from smartphones, as these devices continually improve their camera capabilities and gain popularity among consumers. Smartphone manufacturers such as Apple, Samsung, and Google have introduced advanced features like multi-lens systems, computational photography, and AI-driven image processing algorithms, narrowing the gap between smartphones and dedicated mirrorless cameras. This shift in consumer behavior is evident in market with declining camera sales and rising smartphone sales. Social media platforms also play a role, as users prefer the convenience of capturing, editing, and sharing photos and videos directly from their smartphones. The emergence of camera-enhancing accessories further supports the competition, as companies offer external lenses and attachments specifically designed for smartphones. In response, mirrorless camera manufacturers are focused on innovation and differentiation, introducing features like high-speed autofocus, in-body image stabilization, and high-resolution sensors to cater to photography enthusiasts and professionals who demand superior image quality and advanced capabilities.

Mirrorless Camera Market Share (%) By Region, 2022


Key Market Players:

Product/Service launches, approvals, patents and events, acquisitions, partnerships and collaborations are key strategies adopted by players in the Mirrorless Camera Market. The top 10 companies in this industry are listed below:

  1. Sony Group Corporation
  2. Nikon Corporation
  3. Panasonic Corporation (Lumix)
  4. Canon Inc.
  5. Fujifilm Holdings Corporation
  6. Olympus Corporation
  7. Leica Camera AG
  8. Pentax Corporation
  9. Samsung Electronics Co., Ltd.
  10. Victor Hasselblad AB

Scope of the Report:

Report Metric

Details

Base Year Considered

2022

Forecast Period

2023–2030

CAGR

4.7%

Market Size in 2030

$2.2 billion

Segments Covered

Type, Stabilization, Sensor Size, Distribution Channel and Region

Geographies Covered

North America (U.S., Canada and Mexico), Europe (Germany, France, UK, Italy, Spain, Russia and Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia, New Zealand and Rest of Asia-Pacific), South America (Brazil, Argentina, Chile, Colombia and Rest of South America), Rest of the World (Middle East and Africa).

Key Market Players

  1. Sony Group Corporation

  2. Nikon Corporation

  3. Panasonic Corporation

  4. Canon Inc.

  5. Fujifilm Holdings Corporation

  6. Olympus Corporation

  7. Leica Camera AG

  8. Pentax Corporation

  9. Samsung Electronics Co., Ltd.

  10. Victor Hasselblad AB


1.Mirrorless Camera Market – Market Overview 
  1.1.Definition and Scope 
2.Mirrorless Camera Market - Executive Summary 
  2.1.Key Trend by Product Type 
  2.2.Key Trends by Application 
  2.3.Key Trends by Utilization Type 
  2.4.Key Trends by Region 
3.Mirrorless Camera Market – Comparative Analysis 
  3.1.Product Bench Marking – Key Companies 
  3.2.Global Financial Analysis – Key Companies 
  3.3.Market Share Analysis – Key Companies 
  3.4.Patent Analysis 
  3.5.Pricing Analysis 
4.Mirrorless Camera Market – Startup Companies Scenario (Premium) 
  4.1.Key Startup Company Analysis by 
    4.1.1.Investment 
    4.1.2.Revenue 
    4.1.3.Venture Capital and Funding Scenario 
5.Mirrorless Camera Market – Market Entry Scenario Premium (Premium) 
  5.1.Regulatory Framework Overview 
  5.2.New Business and Ease of Doing Business Index 
  5.3.Case Studies of Successful Ventures 
6.Mirrorless Camera Market – Forces 
  6.1.Market Drivers 
  6.2.Market Constraints 
  6.3.Market Challenges 
  6.4.Porter’s Five Force Model 
    6.4.1.Bargaining Power of Suppliers 
    6.4.2.Bargaining Powers of Customers 
    6.4.3.Threat of New Entrants 
    6.4.4.Rivalry Among Existing Players 
    6.4.5.Threat of Substitutes 
7.Mirrorless Camera Market – Strategic Analysis 
  7.1.Supply Chain Analysis 
  7.2.Opportunities Analysis 
  7.3.Product Life Cycle 
8.Mirrorless Camera Market – By Type 
  8.1.Fixed Lens 
  8.2.Interchangeable Lens 
9.Mirrorless Camera Market - By Stabilization 
  9.1.Lens Based 
  9.2.Sensor Based 
10.Mirrorless Camera Market – By Sensor Size 
  10.1.1/2.3” 
  10.2.1" (CX) 
  10.3.Four Thirds 
  10.4.APS-C 
  10.5.Full Frame 
11.Mirrorless Camera Market - By Distribution Channel 
  11.1.Online Stores 
  11.2.Offline Stores 
12.Mirrorless Camera Market - By Geography 
  12.1.North America 
    12.1.1.United States 
    12.1.2. Canada 
  12.2.Europe 
    12.2.1. United Kingdom 
    12.2.2. Germany 
    12.2.3. France 
    12.2.4. Italy 
    12.2.5. Spain 
    12.2.6. Belgium 
    12.2.7. Poland 
    12.2.8. Rest of Europe 
  12.3.APAC 
    12.3.1. China 
    12.3.2. Japan 
    12.3.3. India 
    12.3.4. South Korea 
    12.3.5. Indonesia 
    12.3.6. Thailand 
    12.3.7. Vietnam 
    12.3.8. Australia & New Zealand 
    12.3.9. Rest of Asia-Pacific 
  12.4.South America 
    12.4.1. Brazil 
    12.4.2. Argentina 
    12.4.3. Rest of South America 
  12.5.Middle East and Africa 
    12.5.1. Saudi Arabia 
    12.5.2. United Arab Emirates 
    12.5.3. South Africa 
    12.5.4. Rest of Middle East and Africa 
13. Mirrorless Camera Market – Entropy 
    13.1 New product launches
    13.2 M&A's, collaborations, JVs and partnerships
14. Mirrorless Camera Market – Industry/Segment Competition Landscape Premium 
  14.1.Market Share Analysis 
    14.1.1. Market Share by Product Type – Key Companies 
    14.1.2. Market Share by Region – Key Companies 
    14.1.3. Market Share by Country – Key Companies 
  14.2.Competition Matrix 
  14.3.Best Practices for Companies 
15. Mirrorless Camera Market – Key Company List by Country Premium Premium 
16. Mirrorless Camera Market – Company Analysis 
  16.1.Sony Group Corporation 
  16.2.Nikon Corporation 
  16.3.Panasonic Corporation 
  16.4.Canon Inc. 
  16.5.Fujifilm Holdings Corporation 
  16.6.Olympus Corporation 
  16.7.Leica Camera AG 
  16.8.Pentax Corporation 
  16.9.Samsung Electronics Co., Ltd. 
  16.10.Victor Hasselblad AB.

The Mirrorless Camera Market is projected to grow at 4.7% CAGR during the forecast period 2023-2030.

Global Mirrorless Camera Market size is estimated to be $1.6 billion in 2023 and is projected to reach $2.2 billion by 2030

The leading players in the Mirrorless Camera Market are Sony Group Corporation, Nikon Corporation, Panasonic Corporation, Canon Inc, Fujifilm Holdings Corporation, Olympus Corporation, Leica Camera AG, Pentax Corporation, Samsung Electronics Co Ltd, Victor Hasselblad AB and others.

Advancements in sensor technology, growing demand for full-frame mirrorless cameras, and integration with other technologies are some of the 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major mirrorless camera market trends, which will create growth opportunities for the market during the forecast period.

The rising demand for high-quality content creation, particularly in the era of social media, the trends such as professional photography and the rapid development in sensor technology are the driving factors of the market.