Market Economics: Decline of Digital Camera Industry

Running head: MARKET ECONOMICS
Market Economics
Name of the Student
Name of the University
Student ID

MARKET ECONOMICS1
Table of Contents
Introduction................................................................................................................................2
Data............................................................................................................................................2
Analysis......................................................................................................................................4
Conclusion..................................................................................................................................6
References..................................................................................................................................8

MARKET ECONOMICS2
Introduction
The product on which the following discussion is based on is digital camera. Digital
camera is type of camera, which is unlike the traditional camera that requires film reels. In
digital cameras, the main mechanism is to capture images in digital memory and thus it
removes the need for film washing and directly photos can be printed from digital memory.
The digital camera is meant for the professional photographers, travellers, passionate
photographers and other customers who buy cameras for general purpose. Market for digital
camera has seen its peak after the 2000s when it became cheaper and stayed up many years
until the mobile phones started to pack in with good camera lenses. The market for digital
camera has fell by manifolds, only the market for digital SLR has different and sustainable
market so far.
Data
Figure1: Digital camera data