PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1621704
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1621704
Electronic Viewfinder Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2024 - 2032
The Global Electronic Viewfinder Market was valued at USD 1.26 billion in 2023 and is projected to grow at a CAGR of 8% between 2024 and 2032. The rising demand for DSLR and mirrorless cameras is a key driver of this growth, as these devices rely heavily on advanced viewfinding technologies for precise image composition. Mirrorless cameras are built around EVFs, as they do not use optical viewfinders. Increasing interest in high-quality photography and compact, professional-grade cameras has made these products popular among photographers, videographers, and content creators, encouraging manufacturers to invest in enhanced EVFs. The electronic viewfinder market holds considerable potential for growth in augmented reality (AR) applications.
With advancements in AR technology, the demand for high-quality displays that effectively blend digital information with real-world settings is on the rise. EVFs can significantly enhance AR experiences by offering users clear, immersive visuals that superimpose digital content onto their environment. This development is especially pertinent in industries such as gaming, education, and training, where AR is gaining traction, thereby opening new opportunities for expansion in the EVF market. The market is segmented by viewfinder technology into LED, LCD, OLED, and micro-OLED electronic viewfinders.
The LCD electronic viewfinder segment is anticipated to surpass USD 880 million by 2032, leading the market due to its affordability and widespread application in consumer and mid-range cameras. LCD technology offers a balance of image clarity and cost-efficiency, making it a popular choice for hobbyists and semi-professionals. Regarding resolution, the market is divided into Low Resolution (<1M dots), Medium Resolution (1M-3M dots), High Resolution (>3M dots), and Ultra-High Resolution (>5M dots). The High Resolution (>3M dots) segment is expected to grow fastest, with a projected CAGR of over 8.5% from 2024 to 2032. The growing preference for high-resolution EVFs is driven by the need for greater image clarity and precision, particularly among professionals seeking the best possible visual quality in their work.
| Market Scope | |
|---|---|
| Start Year | 2023 |
| Forecast Year | 2024-2032 |
| Start Value | $1.26 Billion |
| Forecast Value | $2.57 Billion |
| CAGR | 8% |
North America held a significant portion of the global EVF market in 2023, accounting for over 20% of the market share. The U.S. market is witnessing brisk expansion owing to the high adoption of advanced photography equipment, supported by a thriving professional photography and content creation industry. The increasing popularity of mirrorless cameras, along with a strong demand for high-quality imaging solutions for social media, vlogging, and filmmaking, is fueling further market growth. Additionally, advancements in technology and a growing preference for premium camera features contribute to the rising demand for EVFs in the region.
Table of Contents
Chapter 1 Methodology & Scope
- 1.1 Market scope & definition
- 1.2 Base estimates & calculations
- 1.3 Forecast calculation
- 1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
- 1.4.2.1 Paid sources
- 1.4.2.2 Public sources
Chapter 2 Executive Summary
- 2.1 Industry 360° synopsis, 2021-2032
Chapter 3 Industry Insights
- 3.1 Industry ecosystem analysis
- 3.1.1 Factor affecting the value chain
- 3.1.2 Profit margin analysis
- 3.1.3 Disruptions
- 3.1.4 Future outlook
- 3.1.5 Manufacturers
- 3.1.6 Distributors
- 3.2 Supplier landscape
- 3.3 Profit margin analysis
- 3.4 Key news & initiatives
- 3.5 Regulatory landscape
- 3.6 Impact forces
- 3.6.1 Growth drivers
- 3.6.1.1 Rising DSLR and mirrorless camera demand
- 3.6.1.2 Advancements in display technologies (OLED/LCD)
- 3.6.1.3 Increasing popularity of vlogging and content creation
- 3.6.1.4 Surge in smartphone camera innovations
- 3.6.1.5 Growing adoption in professional photography
- 3.6.2 Industry pitfalls & challenges
- 3.6.2.1 High production costs of advanced displays
- 3.6.2.2 Limited battery life in EVF cameras
- 3.6.1 Growth drivers
- 3.7 Growth potential analysis
- 3.8 Porter's analysis
- 3.9 PESTEL analysis
Chapter 4 Competitive Landscape, 2023
- 4.1 Introduction
- 4.2 Company market share analysis
- 4.3 Competitive positioning matrix
- 4.4 Strategic outlook matrix
Chapter 5 Market Estimates & Forecast, By Camera Type, 2021-2032 (USD Million)
- 5.1 Key trends
- 5.2 DSLR cameras
- 5.3 Mirrorless cameras
- 5.4 Point-and-shoot cameras
- 5.5 Professional video cameras
- 5.6 Cinema cameras
- 5.7 Action cameras
- 5.8 Drone cameras
- 5.9 Smartphone attachments
Chapter 6 Market Estimates & Forecast, By Viewfinder Technology, 2021-2032 (USD million)
- 6.1 Key trends
- 6.2 LED electronic viewfinder
- 6.3 LCD electronic viewfinder
- 6.4 OLED electronic viewfinder
- 6.5 Micro-OLED electronic viewfinder
Chapter 7 Market Estimates & Forecast, By Resolution, 2021-2032 (USD million)
- 7.1 Key trends
- 7.2 Low resolution (<1M dots)
- 7.3 Medium resolution (1M-3M dots)
- 7.4 High resolution (>3M dots)
- 7.5 Ultra-High resolution (>5M dots)
Chapter 8 Market Estimates & Forecast, By Application, 2021-2032 (USD million)
- 8.1 Key trends
- 8.2 Photography
- 8.3 Videography
- 8.4 Cinematography
- 8.5 Broadcast
- 8.6 Surveillance
- 8.7 Scientific research
- 8.8 Medical imaging
Chapter 9 Market Estimates & Forecast, By Region, 2021-2032 (USD million)
- 9.1 Key trends
- 9.2 North America
- 9.2.1 U.S.
- 9.2.2 Canada
- 9.3 Europe
- 9.3.1 UK
- 9.3.2 Germany
- 9.3.3 France
- 9.3.4 Italy
- 9.3.5 Spain
- 9.3.6 Rest of Europe
- 9.4 Asia Pacific
- 9.4.1 China
- 9.4.2 India
- 9.4.3 Japan
- 9.4.4 South Korea
- 9.4.5 ANZ
- 9.4.6 Rest of Asia Pacific
- 9.5 Latin America
- 9.5.1 Brazil
- 9.5.2 Mexico
- 9.5.3 Rest of Latin America
- 9.6 MEA
- 9.6.1 UAE
- 9.6.2 South Africa
- 9.6.3 Saudi Arabia
- 9.6.4 Rest of MEA
Chapter 10 Company Profiles
- 10.1 Canon Inc.
- 10.2 Fujifilm Holdings Corporation
- 10.3 Hasselblad
- 10.4 JVC Kenwood Corporation
- 10.5 Konica Minolta, Inc.
- 10.6 Kopin Corporation
- 10.7 Leica Camera AG
- 10.8 Nikon Corporation
- 10.9 Olympus Corporation
- 10.10 Panasonic Corporation
- 10.11 RED Digital Cinema
- 10.12 Ricoh Company, Ltd.
- 10.13 Seiko Epson Corporation
- 10.14 Sigma Corporation
- 10.15 Sony Corporation
- 10.16 ZEISS Group
