$9.5bn
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89,272
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Revenue for the Camera Equipment Manufacturing industry in China is expected to decrease an annualized 0.8% over the five years through 2023, to $9.5 billion. This includes an anticipated decline of 0.2% in the current year. The four largest industry players, Foshan Pulihua, Canon, Sony and Fujifilm, are expected to account for almost three-quarters of industry revenue in 2023.China has become the world's largest production base for camera equipment. In addition, digital cameras have replaced traditional film cameras as the industry's main product, with digital single-lens reflex (DSLR) cameras and mirrorless cameras becoming increasingly popular with consumers.Basic digital cameras are no longer considered a luxury good for many people in China. The greatest demand for digital cameras comes from economically developed regions of China, such as large provincial capitals and coastal areas. In addition, demand for high-quality photos drives demands for high-end cameras. Revenue generated from traditional film cameras is low, and these sales tend to be concentrated in rural areas and niche markets.Advances in mobile phone technology, particularly relating to smartphone cameras, has threatened the industry since 2012. Industry revenue is forecast to decline an annualized 0.3% over the five years through 2028, due to the stronger performance of smartphone cameras. However, new DSLR and mirrorless camera models, which carry prices that are typically higher than common digital cameras, will continue drive demand and sales. In addition, new developments in camera lenses for DSLR and mirrorless cameras are also anticipated to contribute to the industry's performance. Revenue for the Camera Equipment Manufacturing industry is forecast to total $9.3 billion in 2028.
Industry revenue has declined at a CAGR of 0.8 % over the past five years, to reach an estimated $9.5bn in 2024.
Market size is projected to decline over the next five years.
Company | Market Share (%)
2023 | Revenue ($short_0)
2023 |
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There are no companies that hold a large enough market share in the Camera Equipment Manufacturing in China industry for IBISWorld to include in this product.
Industry revenue is measured across several distinct product and services lines, including Digital cameras, Digital single-lens reflex (DSLR) cameras and Film cameras. Digital cameras is the largest segment of the Camera Equipment Manufacturing in China.
Digital single-lens reflex (DSLR) cameras have the largest market share
Firms in the Camera Equipment Manufacturing industry manufacture cameras, and other photographic components and equipment. Cameras mainly include film cameras, digital cameras and SLR (single-lens reflex) cameras. Other photographic equipment includes darkroom facilities, flash devices, camera accessories and zoom lenses. Establishments that produce film, flash bulbs and photocopiers are not included in the industry.
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China is the world's largest camera production base. China has gained a competitive advantage with cheap labor and policy support.
Learn about an industry's products and services, markets and trends in international trade.
The market for DSLR cameras is the largest. These products are popular among photography enthusiasts, professional photographers and journalists.
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Operations in the Camera Equipment Manufacturing industry in China are mainly concentrated in the Middle South China and East China regions. Guangdong province, Jiangsu provi...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
The development of smartphones is the biggest competitor. The camera technology of smartphones is becoming increasingly advanced and convenient.
Learn about the performance of the top companies in the industry.
Foreign enterprise collaboration is relevant in the industry. The development of China's camera industry originated from foreign companies establishing subsidiaries in China.
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
There are both national and industrial camera equipment standards. The government formulates regulations to guide the development of the camera equipment manufacturing indust...
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Reduced demand leads to a decrease in camera revenue. In particular, mobile phones with improvements in camera technology are growing substitutes for low-end cameras.
Including values and annual change:
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Key data sources in China include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
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IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
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The market size of the Camera Equipment Manufacturing industry in China is $9.5bn in 2024.
There are 117 businesses in the Camera Equipment Manufacturing industry in China, which has declined at a CAGR of 1.2 % between 2019 and 2024.
The market size of the Camera Equipment Manufacturing industry in China has been declining at a CAGR of 0.8 % between 2019 and 2024.
Over the next five years, the Camera Equipment Manufacturing industry in China is expected to decline.
Digital single-lens reflex (DSLR) cameras and Digital cameras (excluding DSLR cameras) are part of the Camera Equipment Manufacturing industry.
The level of competition is high and increasing in the Camera Equipment Manufacturing industry in China.