Market Share of Camcorder Industry
The camcorder market is consolidated, with major companies holding a dominant market presence. Some key market players include Canon Inc., Sony Group Corporation, Panasonic Holding Corporation, and GoPro Inc. These companies have maintained their market position by frequently adding new products and engaging in strategic initiatives like partnerships and collaborations. However, the growing demand is attracting new players into the market, which will make the market more competitive.
•September 2024: GoPro unveiled two new cameras: the flagship HERO13 Black, equipped with HB-Series Lenses, and the compact, user-friendly HERO, capable of 4K recording. Both cameras introduce distinct features, enhancing GoPro's signature and customer-favorite technologies. As per GoPro, the HERO13 Black can record continuously for 1.5 hours at top resolutions of 4K30 and 5.3K30 and boasts over 2.5 hours of recording at HD-quality 1080p30.
•August 2024: Sony unveiled two new handheld camcorders: the PXW-Z200 and the HXR-NX800. These models integrate professional-grade technology from Sony's Alpha series, akin to that in the FX30, FX3, FX6, and FX9, into a unified camcorder design. The X200 and NX800 boast a dedicated AI processing unit, enhancing Sony’s Fast Hybrid autofocus technology with AI-driven subject recognition and focus tracking capabilities.
Camcorder Market Leaders
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Canon Inc.
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Sony Group Corporation
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Panasonic Holding Corporation
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JVCKENWOOD Corporation
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GoPro Inc.
*Disclaimer: Major Players sorted in no particular order
