The industry will drive 4K camera changes along with broadcasting system innovations. 4K technology is likely to render a mark in various digital media segments, such as TV screens and digital cameras. 4K advancements coupled with escalating demand for high-resolution images should augment market demand.
The global 4K camera market is expected to grow at a healthy CAGR of over 20 percent during 2016 to 2024. The same will be credited to its multiple applications in consumer electronics, entertainment, and education industries. Additionally, high-quality videos and images offered by these cameras can drive the overall industry. 4K cameras provide a resolution that is four times higher than standard/HD ones.
However, high prices along with large-sized zooms preferred by professional or skilled broadcasters may hinder the industry. Manufacturers are now focusing on the development of 2/3 inch ultra-HD devices. The latter reflect the market values for outdoor broadcast applications, such as live sports production.
The acquisition of 4K devices is anticipated to be mandatory for new devices in the next 8 years. The introduction of mirror-less ultra-HD cameras will provide users with better focusing systems and more compact size. Bigger sensors offered by such cameras can positively impact the overall industry; the flexibility of interchangeable lenses should boost market incomes.
Various factors in North America like increasing population, high consumer disposable earnings, and demand for high-resolution images and videos are predicted to propel regional sales. This will be true specifically regarding the US and Canada. European nations such as the Netherlands, Germany, Switzerland, etc., could also face higher demand. Developing economies like India and some others are estimated to observe huge demand for 4K cameras in the near future. – ABS Newswire