Substitutes are Threats for Film Camera Industry: Ken Research
Ken Research has released report on the
growth estimates of Film Camera Industry, in the global market named as, “Global
Film Camera Industry Situation and Prospects Research report 2017".
The report evaluates the global trends and growth prospects of the film camera
industry. The provided in-depth analysis has been complemented with the
integrity of knowledge and the comprehensiveness of contents, which is further
guaranteed to be of professional help to even the industry insiders or
investors with the opportunity of new and feasible projects to be
assessed.
Moreover, this report provides deep insights
of the industry inculcated with particulars regarding its definition,
classifications, applications, development policies and plans, manufacturing
processes, cost structures, import/export, supply and consumption figures,
price, revenue and gross margin by regions, company profiles, product
specification, capacity, production, upstream raw materials, equipment, and downstream
consumers analysis. Additionally, the analysis is provided for the
international market including development history and the competitive
landscape analysis.
Industry
Outlook
The film camera industry lately has made a
global resurgence, subjugating may social media platforms of its yet feeble but
strong existence, for instance, on Instagram, it has been thriving with the
hashtag #filmisnotdead, and creating a
tsunami of trends within the indie and hipster communities. The film cameras by definition, is a
chemical emulsion on a plastic substrate that is sensitive to light and exposes
photographic film to light in order to take a picture. It has been in use since
the late 1800s. They can also be defined as analog cameras which when exposed
forms an analogous image of the scene. There are specialties of film cameras
available in the market depending on their size, quality, specifications, etc.
The film camera market has witnessed considerable decline since the past few
years starting from the Great Recession period of 2009, where the economy went
down to significant depths.
Owing to the tragedy in Japan, the market for
DSLR film cameras has went down the drain because of the steady increase of the
current models and many of them becoming sparse, giving lease opportunities to
the film cameras to be backed up in the market again. The photography market is
expected to witness phenomenal growth in the developing markets of India and
China due to the increment of the earning capacity of the consumers. Moreover,
the Japanese economy is expected to spend comprehensively on the R&D of the
camera products and on the new innovations.
The market segmentation has been typified
based on the product size, product type and application. The product type is
inclusive of 35mm, Advantix, 120, 220 and the larger 4x5 and 8x10 formats. It
can be further segmented on the basis of consumer segment, varied price ranges
such as premium, mid-size, and low price range, and as well as on the basis of
distribution channel which are inclusive of multi brand, single brand and
online store. Film movie cameras capture consecutive images (frames) on 8mm,
16mm and 35mm film.
Acquainted with the fact that the world
economy enlarged by just 2.2 per cent in the year 2016, and is anticipated to
further extend by only 2.7 per cent in 2017 and reach till 2.9 per cent in
2018, it can be concluded that the market is witnessing a stagnant growth,
connoting a state of economic stabilization instead of robust revival of the
global demand. Moreover, the correspondence between the demand, investment,
trade and productivity may lead to the self- perpetuation of the Film camera
industry supported with the weak global growth.
Drivers and Constraints
With the increasingly popular and kind of a
hybrid marriage between the analog and the digital, pixels and rolls, Light
room and darkrooms, has led to the beginning of a potentially interesting
trend. Although the film is not dead, but there have certainly been some utter
concerns about the development of the industry with the consumers expressing
their lasting commitment to the traditional format through mobile apps’
language. Some of the significant drivers identified behind the stagnant growth
of the film camera market are low penetration, increasing disposable income,
increasing social media, increasing tourism, and increasing advertising.
Despite the decent growth, major photo companies have experienced harsh
setbacks in film product sales – particularly in color – with a dramatic impact
on production triggering a domino effect that has ultimately fallen on
customers. The use of substitute products like mobile cameras, technological
advancements like mirror-less camera, 3D camera and increased functionality
like GPS, Bluetooth, Wi-Fi etc., are acting as restraint to growth. The Film
Camera Wholesaling industry is further anticipated to contract over the next
few years, characterized by an ongoing trend of consolidation and facility
closures, as well as an annualized decrease in the industry's contribution to the
overall economy (IVA). The innovation of the digital photography and the
introduction of the iPhone and other camera equipped smart phones, have
additionally aided to the film cameras being substituted by them.
The significant market players identified to
help push the sales of the product include Canon, CONTAX, Fujifilm, Hasselblad,
Holga, Kodak, Konica Minolta, Leica, Lomography, Mamiya, Nikon, Olympus,
Pentax, Polaroid and Rollei. These companies are further focusing on the
innovative development of the product and of new ways to bring in the trend of
film photography back.
Key
Topics Covered in the Report:
Global Camera Industry Research Report
Global Camera Industry Research
Global Film Camera Industry Research
Global Film Camera Industry Future Outlook
Film Camera Market Trends
Global Film Camera Demand Analysis
North America Film Camera Industry Supply
Europe Film Camera Industry Trends
Japan Film Camera Market Production
Global Film Camera Market Competition
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