(MENAFN- Credence Research Inc) Ease Of Use And Enhanced Quality Are Driving The Demand For Action Cameras Globally
According to a new market report published by Credence Research Inc “Action Camera Market - Growth, Share, Opportunities, Competitive Analysis, and Forecast, 2016 - 2026,” is expected to witness considerable growth throughout the forecast period due to its benefits such as enhanced quality and ease of use compared to digital cameras.
Increasing income levels and increasing popularity of adventure activities such as skydiving, paragliding, bungee jumping, surfing, BASE jumping, rock / mountain climbing, scuba diving, snorkeling, caving, surfing, skiing and wakeboarding are increasing the demand for action cameras to capture life-time experience during these recreational activities. In addition, changing attitudes towards travel, adventure activities and posting photos and videos on social networking also encourages the development of the demand for action cameras.
Browse Full Report Originally Published by Credence Research @ https://www.credenceresearch.com/report/action-cameras-market
Benefits of an action camera such as small size without sacrificing on reliability and hands-free operations that enable it to sell over conventional digital cameras. In addition, action cameras allow users to take first-person videos that increase their appetite for capturing adventure activities such as skiing, rock climbing, surfing and other sports. To order to increase brand loyalty, manufacturers concentrate on integrating cloud computing technology to extend the media features of their action camera solutions.
In addition, manufacturers offer attractive kit solutions with the requisite accessories available for action cameras. Such cost-effective solutions are appealing to customers. The market for action cameras faces the challenge of continuous growth in smartphones with high-quality camera features. The global market for action cameras is predicted to reach US$ 10.25 billion by 2026 with a CAGR of 12.6 per cent over the forecast period from 2018 to 2026.
You can get the sample copy of this research by Credence Research here @ https://www.credenceresearch.com/sample-request/59580
North America is the largest market for cameras. The U.S. is the world's largest single market for camera action. Huge numbers of sports fans, along with high spending capacity, are increasing demand for action cameras in the U.S. Asia Pacific is projected to see the fastest growth in the forecast, with increased spending on leisure and adventure activities and an increase in revenue, boosting demand for action cameras in major markets in the region, including China, Japan, India, Southeast Asian countries and other emerging markets.
The global market for camera action is highly competitive and dominated by established players such as GoPro Inc, Sony Corp, Garmin Ltd, Olympus Corp, TomTom N.V., Rollei GmbH & Co. KG, Veho, Drift, and so on. High capital spending and strong research and development capabilities are needed to prevent new entry into this capital-intensive industry.
You can get the sample copy of this research by Credence Research here @ https://www.credenceresearch.com/sample-request/59580
In addition, the leading brand has successfully established a strong base of loyal customers on the global market. In order to attract buyers in this competitive environment, new entrants must launch innovative product products at attractive prices.
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