Photography market to grow by 3.8% per year
By Andrew Hudson Published: April 16, 2012 Updated: November 26, 2013
The global photography market is expected to grow by 3.8% for the next few years, according to a new report.
BCC Reasearch — a leading information resource producing high-quality market research reports, newsletters, and conferences — has published a report on “Digital Photography: Global Markets” with the following highlights:
- The global photography market was valued at $68.4 billion in 2011 and should reach $82.5 billion in 2016, a 3.8% compound annual growth rate.
- 55% of that market is for cameras and lenses.
- In contrast, the photo print industry is expected to decline slightly from $25 billion in 2011 to $24.7 billion in 2016.