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Electronic Viewfinder Market Trends

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

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Electronic Viewfinder Market Trends

The market is witnessing a shift toward OLED and Micro-OLED displays due to their superior image quality. These technologies offer higher contrast ratios, vibrant colors, and faster refresh rates, enhancing the viewing experience. OLED's ability to deliver true blacks and low power consumption makes it ideal for high-end cameras. As consumer demand for better image clarity and realism increases, manufacturers are incorporating OLED technology into viewfinders, driving innovation and competition within the market.

The rising popularity of mirrorless cameras is a significant trend in the electronic viewfinder industry. Unlike DSLR cameras that use optical viewfinders, mirrorless models depend on electronic viewfinders for image composition. Mirrorless cameras offer portability, faster autofocus, and better video capabilities, making them favored by professional photographers and content creators. As consumers shift toward these compact, high-performance devices, the demand for advanced, high-resolution EVFs continues to grow, prompting manufacturers to focus on improving viewfinder technology to meet evolving market needs.

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.