Global Li-ion Battery Market for Digital Cameras 2015-2019
About Li-ion Battery for Digital Camera
A li-ion battery is a rechargeable battery with the highest electrochemical potential. A positive terminal, negative terminal, and an electrolyte between the terminals constitute the main parts of the battery. Li-ion moves from the anode (made up of lithium cobalt oxide) to the cathode (made up of carbon or graphite) during charging and vice versa during discharging. Some benefits of using li-ion batteries include higher current density, low self-discharge rates, and minimal maintenance costs. Li-ion batteries are widely used in consumer electronics. A li-ion battery is used as a power source in a digital camera. Most of the digital camera models run on li-ion battery because of its high compatibility and long power supply ability.
Technavio's analysts forecast the global li-ion battery market for digital cameras to decline at a CAGR of 11.8 percent over the period 2014-2019.
Covered in this Report
The report covers the present scenario and the growth prospects of the global li-ion battery market for digital cameras for the period 2015-2019. The report provides the segmentation of the market based on the following: demand type and geography.
Technavio's report, Global Li-ion Battery market for Digital Cameras 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, APAC, and EMEA; it also covers the market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.Key Regions
Technavio Announces the Publication of its Research Report – Global Li ion Battery Market for Digital Cameras 2015-2019
Technavio recognizes the following companies as the key players in the Global Li ion Battery Market for Digital Cameras: LG Chem, Panasonic, Samsung SDI and Sony
Other Prominent Vendors in the market are: America Digital Accessories, Hanhel Industries, Lenmar Enterprise and ShenZhen Sun Rise Digital
Commenting on the report, an analyst from Technavio’s team said: “Li-ion batteries are most suitable for digital cameras as they have the best weight to energy ratio. This implies that they have a high power density while being lightweight, which is of prime importance. Li-ion batteries also have a protection circuit that ensures safety, making them more compatible for the usage. These batteries have a low self-discharge rate when not in use. In addition, the life span of Li-ion batteries can be increased through regular use, discharging completely, removing the battery when not in use, and avoiding use under extreme temperatures. The demand for small and lightweight digital cameras such as MILCs is growing rapidly, which is raising the demand for Li-ion batteries as they can store energy for longer periods and can be manufactured in small and thin sizes.”
According to the report, the increased popularity and shifting consumer interest toward digital photography have positively impacted market growth. Advances in technology, online photo communities, and social networking sites for sharing images have made digital photography more popular among consumers. The availability of image editing tools, such as Adobe Photoshop, and free online tools, such as Picasa, have also shifted the attention of consumers toward digital photography. Another major reason for shifting consumer focus is the benefits associated with digital photography, as these photos can be published, stored, displayed, handled, and archived using various digital technologies, without chemical processing. Thus, these benefits have attracted end-users' interest, thereby driving the demand for digital cameras, which ultimately propels the Li-ion battery market.
Further, the report states that restrictions on lithium content during shipment of li-ion batteries have significantly affected global Li-ion battery shipments, and it is likely that these restrictions will become more stringent in the coming years.
LG Chem, Panasonic, Samsung SDI, Sony, America Digital Accessories, Hanhel Industries, Lenmar Enterprise, ShenZhen Sun Rise Digital