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Dublin, Jan. 28, 2024 (GLOBE NEWSWIRE) — The “Global Digital Photography Market Report 2023” report has been added to ResearchAndMarkets.com’s offering.
Emerging Product Innovations and Expanding Smartphone Usage Fueling Digital Photography Advancements
The latest industry analysis reveals a significant upswing in the global digital photography market, with expectations for the market to expand from $47.59 billion to $50.71 billion in 2023, demonstrating a robust compound annual growth rate (CAGR) of 6.6%. Despite the economic tensions brought on by the Russia-Ukraine conflict and pandemic aftermath, the sector shows remarkable resilience and is projected to attain a value of $62.81 billion by 2027, growing at a steady CAGR of 5.5%.
Smartphone Ubiquity to Augment Digital Photography Practices
A key driver of market growth is the surge in global smartphone users, transforming the landscape of digital photography. The incorporation of sophisticated imaging capabilities into smartphones makes them the go-to device for numerous consumers, fostering more significant engagement in digital photography activities. Evidence of this trend is seen in the high penetration rate of smartphone connections, which stood at 76% in 2022 and is anticipated to escalate to 92% by the year 2030.
Innovation at the Forefront as Industry Leaders Invest in Technological Advancements
Innovative product developments are increasingly pivotal in the digital photography market. Established players are advancing technologies, with the introduction of superior quality cameras and lenses that cater to the demanding needs of visual content creators. For example, a new camera launched with exceptional image quality and improved system responsiveness signifies the market’s commitment to innovation.
Asia-Pacific Dominates with Rapid Growth Prospects
In geographical terms, Asia-Pacific stood out as the largest market in digital photography in 2022 and is expected to maintain the highest growth rate during the forecast period. Investments in this region are a testament to its potent market dynamics and burgeoning consumer base.
Industry heavyweights such as Samsung Electronics Co Ltd, PENTAX Imaging Co, and Sony Corp continue to play a significant role in advancing the market, alongside specialized firms like Matterport Inc, which recently enhanced its offering by acquiring a leading real estate photography and marketing services company.
A selection of companies mentioned in this report includes
For more information about this report visit https://www.researchandmarkets.com/r/sbptsz
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The Museum of Contemporary Photography’s newest exhibition features a variety of art done by nine Native artists exploring heritage, community and colonialism.
“Native America: In Translation” is the first exhibit of its kind at the campus museum.
“We haven’t done a show that’s been primarily by Native artists. So it felt like time to do that, to address that,” said Deputy Director Karen Irvine, also the chief curator.
The traveling exhibition, organized by Aperture and curated by Wendy Red Star, is at the museum in Columbia College Chicago’s 600 S. Michigan building and will run until May 12.
Red Star is an Apsáalooke, or Crow, multimedia artist who lives in Portland, Oregon.
Throughout the exhibit, there are a variety of photographic mediums from large prints and polaroids to a large projector installation.
“It’s very dynamic,” Irvine said. “There are kind of two layers to it, of course, one is celebratory. A lot of the artists in the show are looking at indigenous traditions, native histories, cultural traditions and emphasizing those and sharing those with the public.”
The other layer addresses a darker time.
“Then of course, there’s also a layer that’s very critical, particularly of US colonialism, and settlers who came to these lands and overtook them,” Irvine added. “So a lot of the artists are looking back at those very fraught and traumatic histories.”
Alicia Le Rigoleur, from Bretagne, France, who was visiting Chicago for the first time, said she visited the museum in order to learn more about American culture through the lens of Native Americans.
“I really like the first pictures we can see on the first floor about those women,” Le Rigoleur said in reference to work done by artist Martine Guiterrez, a queer artist of Mayan heritage who has editorial pieces hung on the walls, some pulled from a magazine spread exploring the origins of gender, heritage and narrative.
“I liked the fact that the photographer said, oh, yeah, ‘we will not be in Paris fashion magazines so I’m going to create my own,” Le Rigoleur said. She added that it’s important to see other women representing themselves as they are so those were some of her favorite pieces.
The gallery is divided by three levels and attendees are able to view the exhibit in any order they choose, reflecting as they go.
A piece by Marianne Nicolson projects light through etched glass, creating symbols on the floor that represent varying aspects of Kwakwaka’wakw and Dzawada’enuxw culture and their relationship to their land.
“This is a very new and different piece from what we usually do,” said Ren Andujar, a senior photography major and gallery assistant at MOCP. “So it was really fun to have to figure out how we set it up and how we get the light to project the image correctly.”
Student workers at the gallery are responsible for helping hang the art, deciding the formation of pieces, painting the walls and assisting with everything that goes into the installation process.
“I like to think that art can communicate in ways that other mediums can’t, that more traditional vehicles for information cannot,” Irvine said. “Then there’s an opportunity for sharing and conversation around a lot of the topics that art addresses.”
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