Li-Ion Battery Market for Digital Cameras in Japan and APAC 2015-2019
About Li-ion Batteries for Digital Cameras
Nowadays, most digital cameras run on Li-ion batteries. This is due to their compatibility and ability to last long. The power in these batteries is generated when ions move from a negatively charged anode to a positively charged cathode. During discharge, ions move from the anode to the cathode, releasing energy; while during charging, ions return to the anode. The charge holding capacity of a Li-ion battery deteriorates over time because of ions being trapped in the anode, which necessitates replacement of the battery.
Technavio's analysts forecast the Li-ion battery market for digital cameras in Japan and APAC to decline at a CAGR of (2.68%) over the period 2014-2019.
Covered in this Report
The report covers the present scenario and the growth prospects of the Li-ion battery market for digital cameras in Japan and APAC for the period 2015-2019. The market has been segmented on the basis of demand type and geography.
Technavio's report, Li-ion Battery Market for Digital Cameras in Japan and APAC 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the landscape of the Li-ion battery market for digital cameras in Japan and APAC and its growth prospects in the coming years. The report also includes a discussion on the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – Li-ion Battery Market for Digital Cameras in Japan and rest of APAC 2015-2019
Technavio recognizes the following companies as the key players in the Li-ion Battery Market for Digital Cameras in Japan and rest of APAC: LG Chem, Panasonic, Samsung SDI and Sony
Other Prominent Vendors in the market are: America Digital Accessories, hähnel industries, Lenmar Enterprises and ShenZhen Sun Rise Digital
Commenting on the report, an analyst from Technavio’s team said: “The increased popularity and shifting consumer interest toward digital photography have positively affected the 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 gained much attention from consumers for 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 several end-users' interest, thereby driving the demand for digital cameras and propelling market growth.”
According to the report, DSLR camera manufacturers are investing heavily in marketing and promoting their products. They are focusing on increasing brand awareness, reinforcing brand relevance, engaging consumers, and pulling consumers to stores or websites. Companies use various methods such as direct marketing, which includes email, print advertising, catalogs, and brochures; in-store events; and internet marketing techniques to increase their brand equity and promote their products. They also use social media such as Facebook, Twitter, Google+, and Pinterest for marketing and interact with customers. Push marketing techniques through promotional offers have boosted the sales demand in the market, ultimately driving the demand for Li-ion batteries for DSLR cameras.
Further, the report states that smartphone users have significantly increased worldwide, which has hampered sales of digital cameras and indirectly market growth.
LG Chem, Panasonic, Samsung SDI, Sony, America Digital Accessories, hähnel industries, Lenmar Enterprises, ShenZhen Sun Rise Digital
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