16 Largest Photography Companies In The World

In This Article:

In this article, we will take a look at the 16 largest photography companies in the world. If you want to see more companies in this selection, go to the 5 Largest Photography Companies in the World.

According to Zion Market Research, the size of the global digital photography market stood at $105.2 billion at the end of 2020, and it is anticipated to increase to $149.4 billion by 2028. This would reflect a compound annual growth rate (CAGR) of 4.4% from 2021 to 2028. The increase in photo sharing over social media platforms like Facebook, Instagram, Snapchat, and TikTok has given a boost to the photography industry. Popular companies operating in the photography industry, such as Canon Inc (NYSE:CAJ), Sony Group Corporation (NYSE:SONY), and FUJIFILM Holdings Corporation (OTC:FUJIY), are continuously focusing on innovation and developing new technologies to enhance the quality of photography taking place globally. Additionally, a number of top camera manufacturers are investing in projects to create smaller, lighter camera bodies with equivalent shooting capabilities. It is anticipated that this will produce a favorable outlook for the industry in the upcoming years.

According to Nikkei, a cumulative 70% of the market share in the global photography industry is held by Canon Inc (NYSE:CAJ) and Sony Group Corporation (NYSE:SONY). Canon and Sony's combined market share increased by 4.4% over pre-pandemic levels, while Nikon's share decreased by 4.9%, and Fujifilm's share increased by 0.9%. With 41% of the market share in 2020, North America held the top position in the global market for photographic services. The second-largest region, accounting for 29% of the market share for photography services globally, was Asia Pacific.

16 Largest Photography Companies In The World
16 Largest Photography Companies In The World

Pixabay/Public Domain

Our Methodology

We have scoured multiple reports and websites to analyze the scale of operations, growth prospects, and revenue of these companies. We have focused on the pure-play companies in the photography industry that are either engaged in the production of photographic equipment or are involved in the provision of specialized photographic services. These companies have been ranked in ascending order of their 2021 revenue.

16 Largest Photography Companies in the World

16. Hasselblad

2021 Revenue: $38.6 Million

Hasselblad is a Gothenburg, Sweden-based producer of digital medium format cameras and lenses founded in 1906.

The Hasselblad 500 series is considered one of the most revolutionary cameras in the photography industry. Meanwhile, the company's XPAN line of cameras offers the 35mm format and can quickly switch to full panorama format without changing the film. The camera weighs only 950 grams with a silent camera shutter. The camera comes with three interchangeable lenses with focal lengths of 30mm, 45mm, and 90mm.