The demand for waterproof cameras in the U.S. region has witnessed substantial growth, driven by various factors that cater to the evolving needs and preferences of consumers. The U.S. Waterproof Camera Market has experienced robust demand, primarily fueled by the thriving travel and tourism industry, rising disposable income, and the growing popularity of water-related activities.
One of the significant factors contributing to the demand is the flourishing travel industry in the United States. As the global tourism industry continues to contribute significantly to the GDP, the increased number of travelers has spurred the demand for waterproof cameras. Tourists seek to capture and document their experiences, especially during water-based activities such as snorkeling, scuba diving, and beach vacations. The waterproof feature ensures that these cameras can be used in various weather conditions and underwater environments, making them an ideal companion for travelers.
The rise in disposable income among U.S. consumers has also played a pivotal role in driving the demand for waterproof cameras. With higher spending capacity, consumers are more inclined to invest in luxury and adventure products like waterproof cameras. The appeal of these cameras extends beyond their waterproof capability, encompassing features such as high-resolution imaging, durable construction, and advanced functionalities.
Normal Waterproof Cameras Dominate In North America, normal waterproof cameras constitute the majority, capturing a market share of 70.73% in 2017. The normal waterproof camera market is projected to reach USD 4,122.81 million by the end of 2023, growing at a CAGR of 22.41% from 2017 to 2023. Additionally, disposable waterproof cameras are expected to reach USD 1,131.84 million by the end of 2023, with a CAGR of 14.32% during the same period.
10-30m Range and Travel & Tourism Application Dominate The 10-30m range segment holds the largest market share in North America, accounting for 39.45% in 2017. This segment is anticipated to grow to USD 2,579.88 million by the end of 2023, with a CAGR of 24.78% from 2017 to 2023. In terms of application, the Travel & Tourism segment is dominant, capturing a market share of 36.30% in 2017. The Travel & Tourism market is expected to reach USD 2,312.09 million by the end of 2023, growing at a CAGR of 24.23% from 2017 to 2023. The Media & Entertainment market is projected to reach USD 1,516.44 million by the end of 2023, with a CAGR of 19.34% during the same period.