16.4% CAGR to Boost Body Worn Camera Market Exponentially

Body Worn Camera Market – Overview

Body worn camera sector has expanded significantly in the recent years. Technological advancements have considerably improved the product quality leading to further development of the sector. Market Research Future, a firm which specializes in market reports related to the information and communication technology sector among others, recently published a report on this market.

The global body-worn camera market Size was valued at 545.9 million in 2021. The body-worn camera industry is projected to grow USD 2,074.0 million by 2030, exhibiting a compound annual growth rate (CAGR) of 16.4% during the forecast period (2022 - 2030).

Body worn cameras are increasingly being adapted by various law enforcement authorities worldwide, so as to possess evidence regarding crimes, establish effective surveillance and also ensure safety of officers. Thus, the majority of demand for this industry comes from the government sector and law enforcement agency.

Latest Industry News:

Jan 2018 800 Tasmania Police officers will receive the $3.4 million body worn camera rollout commence mid-2018. This program has been dubbed Project Authenticate, the large scale IT initiative which will see up to 300 body worn cameras used by 410 offices in Tasmania’s south, 200 in the state’s north and 191 police in the western district. The project will be accompanied by a large data management system to store and safeguard the sensitive footage.

Oct 2017 The Toronto Police Services Board has consented to go ahead with a $500,000 non-binding request for proposals on the camera technology last year following a year-long pilot project. The approval to move ahead with the procurement process came a month after a police report was released in favor of the plan, despite an estimated cost of $85 million over 10 years to implement, operate and maintain the cameras.

Oct 2017 Prison officers in England and Wales are to receive body-worn cameras as part of a £3m investment to improve safety in jails, the Ministry of Justice has recently announced. The MoJ revealed it was investing £2m in 5,600 cameras, meaning every prison officer across England and Wales will have access to the devices.

Jul 2017 Transcend Information, a leading manufacturer of storage and multimedia products, announces the introduction of the DrivePro Body 30 body camera. The camera has been designed specifically for public safety professionals, the camera features a 12-hour battery life, IP67 rated dust and water resistance, and U.S. military-grade shock resistance. 

Get Report Details @ https://www.marketresearchfuture.com/reports/body-worn-camera-market-2972

Global Competitive Analysis

With the emerging industry players displaying a trend of solid growth in the market, and the addition of new and advanced products, the sector will diversify rapidly in the forecast period. Companies are aiming to gain & solidify their shares of the market segment, by competing and experimenting with various advantage points. The prominent players in body worn camera market are – Pinnacle Response Ltd. (U.K.), PRO-VISION (U.S.), Shenzhen AEE Technology Co. Ltd. (China), Safety Vision LLC (U.S.), GoPro-Intrensic (U.S.), Transcend Information, Inc. (Taiwan), Wolfcom Enterprises (U.S.), Veho (MUVI) (U.K.).

One of the industry players, Pinnacle Response BodyCams is overseeing a roll out by G4S within a multi-million Pound contract. G4S has secured a contract with EDF for facilities management at the UK's first nuclear power station for over a generation - Hinkley Point C. G4S has acquired the renowned Body Worn Video Solution from Pinnacle Response to aid staff on location.

Industry Segments

The body worn camera market can be segmented on the basis of following:

By Type: Recording Type, recording and live streaming type

By Solutions: Smart redaction, smart scene 360, smart shot 360

By Industry: police, local authorities & council, special industry, retail & leisure, transportation and emergency services.

Detailed Regional Analysis

The body worn camera market is focused on the global market. The regional analysis of body worn camera includes regions such as Asia Pacific, North America, Europe and Rest of the World. It has been observed that presently North America accounts for the largest share of the market, whereas Asia-Pacific is projected to show growth during the forecast period. Europe region is estimated to exhibit significant market share of body worn camera market which is estimated to overtake the North America region by the end of this year.