Photographic and photocopying equipment industry comprises of the sales of photographic & photocopying equipment by various entities that produce the photographic and photocopying equipment including cameras (except television & video), film developing equipment, projectors, photocopying equipment, and micro-film equipment. Projector manufacturers are providing several laser projectors to clients for seeking energy efficient equipment that provide high quality images. Laser projectors use laser light source while traditional projectors use xenon lamps. Laser projectors provide high quality images and vivid color reproduction. Laser projectors are moderately energy efficient as well as last longer than lamp-based projectors. Laser projectors are extensively used in business presentations, gaming, home theatre systems, and movie screening. Owing to these benefits, laser projector is one of the fastest growing segments of projector industry.
There are many types of photographic equipment such as cameras, papers & chemicals, film processing mini labs, photographic films, flash lamps, stands, and lenses among others. With internet becoming ever-present, the ability to share photos & videos over a wireless network is likely to gain traction among various manufacturers of photographic equipment. The insertion of voice commands for recording or capturing the images & videos in photographic equipment is probable to bolster the growth of the global photographic equipment market. Some of the key features of photographic & photocopying equipment include better lens zooming ability, full HD videos, image detection, and touch screen user interface.
As per analysis, “Photographic And Photocopying Equipment Global Market Report 2020-30: Covid 19 Impact and Recovery” the key companies operating in the global photographic and photocopying equipment market include Xerox Corporation; Canon Inc; Avid Technology Inc; Ricoh Electronics; X-Rite Incorporated and among others.
Based on type, photographic and photocopying equipment market is segmented as projectors, cameras (except television & video), photocopying equipment and others. Based on application, market is categorized as commercial use and household use. Based on operation type, market is bifurcated into semi-autonomous, autonomous and manual operation. In addition, based on capacity type, market is bifurcated into small & medium capacity and large capacity.
The photographic and photocopying equipment market is driven by growth in economy, followed by rise in disposable income. However, increase in use of smart-phones may impact the market. Moreover, introduction of technologically advanced features including SIM card slots & sharing capability with social media websites, Bluetooth and Wi-Fi provide key opportunities for growth of the market.
Based on geography, the Western Europe holds major share in global photographic and photocopying equipment market owing to presence of key players and growth in technological advancements across the region. The Asia-Pacific is second largest region in global market due to growth in urbanization and population and rise in per capita income in the region. The North-America region is estimated to witness higher growth rate because of developing photocopying technologies coupled with increase in government organizations and several other service industries over the forecast period. It is projected that future of the global photographic and photocopying equipment market will be bright caused by rise in requirement for multi-functional devices and growth in number of offices & educational institutes, especially in underdeveloped economies during the forecast period.
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Ankur Gupta, Head Marketing & Communications