Global Camcorders Market Witnessed to Grow Significantly at an Impressive CAGR of 7.80% during 2017-2021

Market Research HUB

Albany, New York, August 02, 2017: In recent years, the market of camcorders has achieved a very strong growth worldwide, and is expected to grow significantly in the coming years also. As per the findings, the increase in international tourism departures coupled with the minimal expenditure incurred by travelers has resulted in the growth of the tourism industry, which, in turn, is driving the camcorders market. These major findings details with statistics can be found in the latest report titled “Global Camcorders Market 2017-2021”, which has been published to the online repository of Market Research Hub (MRH). This report carefully analyzes the global market by focusing on the market share, revenue, sales and growth rate in the coming years.

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Camcorder or video cameras are one of the must have gadgets to meet the demands of today’s modern lifestyle. It is a portable electronic device that is used to record live videos and audios for later playback. It helps in the easy recording of events and is used by professionals for filmmaking. With the increase in the demand for high definition televisions, people prefer to have their home videos recorded with high definition camcorders too. These camcorders have high definition technology which gets a better view of the videos and images and flash them at their best. Market leaders like Canon and Sony have introduced many new models of digital camcorders, in view of the positive trends in the global markets.

Initially, the research report starts by presenting the market introduction covering market landscape, size and forecast. Moreover, Porter’s five forces analysis offers insight into the market competition throughout its value chain. The provided research comprises all the drivers, restraints and opportunities of the piezoelectric diaphragm market at the global and various regional levels which include APAC, EMEA and Americas. As per the analyst’s estimation the global camcorders market witnessed to grow at a CAGR of 7.80% during the period 2017-2021. One of the recent trends in this market is the emergence of 4K camcorders, which can be used in different locations and conditions, use less storage, and retain high quality of images.

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Moreover, the study provides a detailed industry analysis based on product type (general and traditional camcorders and professional camcorders), storage (mini-DV, DVD, HDD, and flash memory camcorders) and application (media and entertainment, R&D, and security and surveillance). This market study estimates that in terms of storage, the HDD camcorders segment will dominate the camcorders market by the end of the forecast period.

At last, this study includes the profiles of key players in the market and the strategies adopted by them to sustain in the competition. Key vendors operating in this market are Sony, Canon, Panasonic and Samsung Electronics. Some other prominent vendors are Indigi, Ricoh, JVCKENWOOD, Kodak, Polaroid and Vivitar.

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