The global medium format camera market size is expected to grow from $146.5M in 2021 to $181M in 2027
The global medium format camera market size reached $146.5 million in 2021. ResearchAndMarkets.com expects the market to reach $181 million by 2027, exhibiting a CAGR (compound annual growth rate) of 3.59% during 2021-2027. Additional information (the full report is behind a paywall):
"The shifting consumer inclination towards digital and wide-angle cameras for fashion, lifestyle, food, and travel photography represents one of the prime factors positively influencing the market. Medium format cameras offer numerous advantages, such as multiple viewfinders, focus systems, and film and digital backs. Additionally, they provide the flexibility to use interchangeable camera components, thereby allowing users to switch from film to digital mode and vice versa. In line with this, due to the different medium format film sizes of the camera, images can be shot in various aspect ratios like 1:1 and 4:3 to provide versatility in photography. Apart from this, the rising influence of social media platforms and the emerging trend of vlogging is catalyzing the demand for digicams and medium format cameras across the globe. Furthermore, the expansion of offline and online distribution channels is offering lucrative growth opportunities to manufacturers. Moreover, several leading camera brands are investing in research and development (R&D) activities to come up with more compact and lighter camera bodies with the same shooting capabilities. This, in turn, is expected to create a positive outlook for the market in the coming years."
