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Electronic Viewfinder Market Size

Report ID: GMI11813
Published Date: Oct 2024
Report Format: PDF

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Electronic Viewfinder Market Size

The global electronic viewfinder market was valued at USD 1.26 billion in 2023 and is anticipated to grow at a CAGR of over 8% between 2024 and 2032.

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Rising DSLR and mirrorless camera demand drives the electronic viewfinder (EVF) market as these cameras rely heavily on advanced viewfinding technologies for precise image composition. Mirrorless cameras are built around electronic viewfinders, as they lack optical viewfinders. The increasing preference for high-quality photography, professional-grade features, and compact designs fuels the popularity of these cameras among photographers, videographers, and content creators. As demand for mirrorless and DSLR cameras grows, manufacturers invest in developing improved EVFs, boosting the overall market for electronic viewfinders.

Electronic Viewfinder Market Report Attributes
Report Attribute	Details
Base Year:	2023
Electronic Viewfinder Market Size in 2023:	USD 1.26 Billion
Forecast Period:	2024 - 2032
Forecast Period 2024 - 2032 CAGR:	8%
2032 Value Projection:	USD 2.57 Billion
Historical Data for:	2021 - 2023
No. of Pages:	300
Tables, Charts & Figures:	359
Segments covered:	Camera type, viewfinder technology, resolution, application
Growth Drivers:	Rising DSLR and Mirrorless Camera Demand Advancements in Display Technologies (OLED/LCD) Increasing Popularity of Vlogging and Content Creation Surge in Smartphone Camera Innovations Growing Adoption in Professional Photography
Pitfalls & Challenges:	High Production Costs of Advanced Displays Limited Battery Life in EVF Cameras

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For instance, in March 2021, SIGMA Corporation has introduced the latest addition to its fp series the SIGMA fp L, the world's smallest and lightest full-frame mirrorless camera equipped with a powerful 61MP Bayer sensor. This ultra-compact camera offers exceptional image resolution and continues the fp series' legacy of seamless still and cine mode switching, alongside customizable scalability. The fp L introduces hybrid autofocus, USB charging during use, and an optional external electronic viewfinder (EVF-11), enhancing both functionality and user experience for photography enthusiasts.

Authors: Suraj Gujar, Saptadeep Das

Frequently Asked Questions (FAQ) :

The global market size for electronic viewfinder was valued at USD 1.26 billion in 2023 and is anticipated to grow at a CAGR of over 8% between 2024 and 2032, driven by increasing demand for advanced viewfinding technologies in DSLR and mirrorless cameras.

The electronic viewfinder industry from LCD electronic viewfinder segment is expected to reach a value of over USD 880 million by 2032, driven by its affordability and widespread use in consumer and mid-range cameras.

North America market accounted for over 20% share in 2023, with significant growth driven by the high adoption of advanced photography equipment and the increasing popularity of mirrorless cameras.

Key players in the market include Sony Corporation, Canon Inc., Nikon Corporation, Panasonic Corporation, Fujifilm Holdings Corporation, Olympus Corporation, and Leica Camera AG.