The global mirrorless cameras market is anticipated to grow at a CAGR of 7.0% during the forecast period (2022-2028). Mirrorless cameras capture images without the use of a mirror in the camera body. These cameras are different from digital single lens reflex (DSLR) cameras, in which it reflects images into viewfinders through mirrors. Mirrorless cameras often use electronic viewfinders (EVF) to display images digitally. Mirrorless cameras have the advantage of usually being lighter, more compact, faster, and better for videos. Mirrorless cameras have superior functionality and performance benefits and rising interest in fashion, wildlife, wedding, and fashion photography have increased the use of mirrorless cameras, which in turn, drives the growth of the market.
Additionally, the rise of social media and the increasing disposable income of the people are further accelerating the growth of the market. However, shorter battery life is the major issue with these cameras, along with limited lens selection, and high cost, which is expected to restrain the growth of the global mirrorless cameras market. The market is segmented based on the type and distribution channel. Based on the type, the market is sub-segmented into the fixed lens and interchangeable lens. Fixed lenses are used in mirrorless cameras as they are faster in use and users can see better which supports to take better pictures. Interchangeable lenses are lenses that can be mounted on a camera and swapped out for other lenses. It provides the user with a wider choice of image capture capabilities.
Some major players in the market include Canon Inc., FUJIFILM Corp., and Nikon Corp., among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, new product launches, and collaborations, to stay competitive in the market. For instance, in April 2021, Fujifilm Corp. announced the launch of two novel mirrorless cameras, the X-E4, and GFX100S. The Fujifilm GFX100S is the latest addition to the GFX Series of Mirrorless digital cameras, which had been equipped with an advanced large-format sensor. Additionally, in March 2021, Sony India announced the launch of a novel full-frame mirrorless camera, which has been called the Sony Alpha 1.
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Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Type
- By Distribution Channel
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- Canon Inc., FUJIFILM Corp., and Nikon Corp., among others.
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Global Mirrorless Cameras Market Report by Segment
By Type
- Fixed Lens
- Interchangeable Lens
By Distribution Channel
- Online
- Offline
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
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