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Mark Peters : July 7th 2017 - 12:24 CET

Camcorder market forecast report 2017

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Research and MarketsWorldwide Camcorder Market Report 2017 : Research and Markets has uploaded "Global Camcorders Market 2017-2021" report to their offering. The analysts forecast the worldwide camcorder market to grow at a CAGR of 7.80% during the period 2017-2021. The camcorder market report has been prepared based on an in-depth market analysis with inputs from industry experts. The forecast covers the market landscape and its growth prospects over the coming years. The camcorder report also includes a discussion of the key vendors operating in this market. One trend in the market is improved portability features. Camcorders, unlike large phones and cameras that are difficult to grip, provide easy-to-carry functionalities. They are portable and designed to provide extended shooting from a variety of angles.
Camcorder market forecast report

Camcorder market forecast report
One driver in the market is growing tourism industry. Over the decades, the tourism industry has witnessed continuous growth because of the growing economic sectors worldwide. Tourism has become one of the major industries in international commerce because of the increase in the number of new tourist destinations.

One challenge in the camcorder market is popularity of smartphones and tablets. High-end mobile phones are replacing gadgets such as calculators, MP3 players, and camcorders. The smartphone shipment increased from around 1.4 billion units in 2015 to more than 1.5 billion units in 2016, with a year-over-year growth of around 7%. Samsung smartphones and Apple smartphones provide improved video quality.

Key camcorder vendors in the market space are Canon, Panasonic, Sony and Samsung. Other prominent manufacturer are Indigi, JVC Kenwood, Kodak, Polaroid, Ricoh and Vivitar.

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