Market Research Future (MRFR) has published a cooked research report on the “Global Action Camera Market”.
MRFR recognizes the following companies as the key players in the Global Action Camera Market— GoPro, DJI, Nikon, Sony, Panasonic, Olympus Corporation, Garmin Ltd, Akaso, Insta360, and SJCAM.
Action Camera Market Highlights
The Global Action Camera Market is accounted to register a CAGR of 14.20% during the forecast period and is estimated to reach USD 13.1 Billion by 2032.
The Global Action Camera Market refers to the worldwide industry encompassing the production, sales, and distribution of action cameras. Action cameras are compact and rugged devices designed to capture high-quality video and photos in extreme conditions, making them popular among adventurers, athletes, and outdoor enthusiasts.
The demand for action cameras is influenced by factors such as consumer disposable income, travel and tourism trends, sporting events, and the overall popularity of outdoor activities. The market is also impacted by the introduction of new features and improvements in camera quality.
Segment Analysis
The Global Action Camera Market has been segmented based on type, application and end user.
On the basis of type, the market is segmented into Box Style, Cube Style, Bullet Style and Periscope & 360 degree. Box-style action cameras are made of plastic or cardboard and have a lens on one end and film on the other. These action cameras are available in full HD, HD, ultra-HD, and various resolutions.
Based on application, the market has been segmented into Sports, Recreational Activities and Emergency Services. The sports section accounted for a larger market share, which can be attributed to a rise in the number of adventurous sports and increased media exposure. The growing popularity of sports such as surfing, skiing, skating, climbing, skydiving, riding, bicycle racing, and others is driving up market demand.
Based on end user, the market has been segmented into Professional and Personal. Both segments are expected to experience significant growth. This is due to the increasing popularity of social media.
Browse In-depth Details [Table of Content, List of Figures, List of Tables] of Action Camera Market Research Report
Regional Analysis
The Global Action Camera Market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Global Action Camera Market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Global Action Camera Market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Global Action Camera Market comprises of Middle East, Africa, and Latin America.
North America, particularly the United States, has traditionally been a major market for action cameras. The region's strong consumer electronics industry, outdoor recreational activities, and active sports culture contributed to the popularity of action cameras.
Europe also represents a substantial market for action cameras, driven by the growing interest in adventure sports and outdoor activities. Countries like the UK, Germany, and France have seen a surge in demand for action cameras, with consumers using them during skiing, mountain biking, and other outdoor pursuits.
The Asia-Pacific region is one of the fastest-growing markets for action cameras. Increasing disposable income, a rising middle class, and a growing interest in outdoor sports and travel have led to an uptick in sales.
Furthermore, the rest of the world's Global Action Camera Market is divided into the Middle East, Africa, and Latin America. Latin America has shown steady growth in action camera sales, driven by factors like increasing adventure tourism, outdoor sports, and improving economic conditions.
Key Findings of the Study
- The Global Action Camera Market is expected to reach USD 13.1 Billion by 2032, at a CAGR of 14.20% during the forecast period.
- North America, particularly the United States, has traditionally been a major market for action cameras. The region's strong consumer electronics industry, outdoor recreational activities, and active sports culture contributed to the popularity of action cameras.
- Based on application, the market has been segmented into Sports and Emergency Services holding the largest market in 2022.
- GoPro, DJI, Nikon, Sony, Panasonic, Olympus Corporation, Garmin Ltd, Akaso, Insta360, and SJCAM.
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Companies Covered | 15 |
Pages | 113 |
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