Global chip shortages have been plaguing the tech world, and the digital camera market is feeling its effect. Yes, chips are important in the production of cameras, these chips serve as the brain of cameras. That is where the magic happens, all actions taken on the camera need to go through a processor before one can get any result.
But, certain factors make the production of these chips more difficult. There is a high demand for chips, but few in circulation. The demand for this commodity is high, but the supply is low. This leads to a rise in prices which can affect sales.
According to statistics, in Q2 2022 there was a 10.4% drop in global shipping of digital cameras. Demand for digital cameras is plunging around the world as less than one million units ship in the past 18 months. Different regions hold different sale records for their camera shipments. For instance, China has good sales of digital cameras, but on a worldwide scale sales are plummeting.
Chip shortage has a role in this unimpressive sale, as seen in the digital camera market. But, it is important to note yet another factor that might be pulling sales of digital cameras down. Smartphones, with every new release these devices are getting better in photography.
Some smartphones like Honor, Huawei, and Apple can even film movies due to their quality and stability. Other brands are also doing a good job with their camera abilities. This puts out the need for a digital camera, now only professional photographers will need a digital camera. Some might even wonder why they need to carry such weight around when their smartphones can do the job.
Chip shortage and the improvement in smartphone photography abilities are making sales difficult for digital cameras. Will the digital camera market see a rebound in sales? Possibly, if chip production at all levels returns to normal, camera manufacturers will be able to produce more. This will help satisfy the need for digital cameras and possibly get global sales to normal again.