Market Forecast By Product (Built-in Lens Camera, Interchangeable Lens Camera, DSLR, Non-reflex) And Competitive Landscape
Product Code: ETC363101 | Publication Date: Aug 2022 | Updated Date: May 2024 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
Qatar Digital Camera market currently, in 2023, has witnessed an HHI of 2169, Which has increased slightly as compared to the HHI of 1617 in 2017. The market is moving towards moderately competitive. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
In the year 2021, China was the largest exporter in terms of value, followed by Poland. It has registered a growth of 10.35% over the previous year. While Poland registered a decline of -4.01% as compared to the previous year. In the year 2017, China was the largest exporter followed by the USA. In terms of the Herfindahl Index, which measures the competitiveness of countries exporting, Qatar has a Herfindahl index of 1617 in 2017 which signifies moderately concentrated also in 2021 it registered a Herfindahl index ofย 1707 which signifies moderately concentrated in the market.
The Qatar Digital Camera Market report thoroughly covers the market by product. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Qatar Digital Camera Market is estimated to grow significantly in the country owing to the rising mirrorless camera demand due to their smart technologies, which provide high pixel count images & videos. Additionally, the rising purchase of smartphones equipped with premium quality cameras is hindering the market growth. Nevertheless, the increasing interest of the population in photography and videography is likely to leaving a favorable impact on the purchase of quality cameras, and this is further likely to accelerate the growth of the digital camera market.
According to 6Wresearch, the Qatar Digital Camera Market size is anticipated to gain traction during 2023-2029. The market has been growing tremendously in the country owing to an increase in the number of vloggers who like to upload high-quality video content on their social media channels, which accelerates the demand for premium-quality cameras. ย A continuous investment by the manufacturers into the development of innovative cameras to cater to customers' needs is one of the ongoing trends likely to boost the Qatar Digital Camera Market growth in the country. Additionally, the mirrorless cameras' adoption rate is fuelling owing to their compactness and highly stabilized images compared to traditional cameras, this factor is opening up the corridors for market expansion. Moreover, the rising social media influencers with the growing popularity of social media channels have resulted in an increased demand for quality digital cameras to shoot quality videos, this is one of the leading factors boosting the growth of the Qatar Digital Camera Market which is a part of the Middle East digital camera market.
The COVID-19 outburst had a significant impact on the Qatar Digital Camera industry. The pandemic resulted in major restrictions in the country which affected the product supply and demand and simultaneously ceased trade practices and social distancing. These factors declined the product purchase and further resulted in a major decline in the market shares at a massive rate. Also, economic uncertainties were one of the major factors that affected the purchase of digital cameras.
Certain key players operating in the country have gained a massive presence with the offering of an extensive range of cameras:
The above-mentioned players are shaping the market at a tremendous rate in the country continuously investing in advancement to ensure quality images and videos. A wide range of digital cameras is being offered by these companies to cater to their customersโ needs.
According to Nitesh Kumar Research Manager, 6Wresearch, non-reflex cameras are estimated to gain market shares in the coming years underpinned by increasing customers' demand for compact-size cameras embedded with smart features.
The report offers a comprehensive study of the subsequent market segments: