(MENAFN- iCrowdNewsWire) The global action camera market size is expected to reach USD 4372.7 Million In 2028 and register a steady CAGR of 8.3% during the forecast period, according to a current analysis by Emergen Research. Key factors such as rapid advancements in the consumer electronics sector, rising demand for smart devices and gadgets of compact size, easy portability and versatility, rising disposable income, and increasing popularity of action cameras across the globe are driving global market revenue growth.
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An action camera is a digital camera that comprises a wide-angle lens to capture the best possible view with high-quality resolution. These cameras are generally mounted on dashboards of cars, handlebars of motorbikes, helmets, cycles, or on the body and are typically used to capture real-life videos and images of high-speed actions like sports or adventures. There has been a rapid increase in the sales of advanced action cameras in the media and entertainment sector due to rising number of live sports and extreme sports events. Action cameras are also used by social media influencers, celebrities for constantly creating digital content, videos, images that are published on social media networking sites like Facebook, Instagram, YouTube, and Twitter. One of the key factors fueling growth of the global action camera market is the increasing penetration of internet and social media channels for personal and promotional activities, and availability of various apps such as YouTube shorts, or TikTok.
Moreover, technological advancements in cameras, availability of waterproof, shockproof, WiFi connect action cameras, and increasing demand for body-worn cameras for social media and recreational activities such as scuba diving, surfing, skiing, biking are other key factors boosting global market revenue growth. In addition, increasing investments in research and development activities and rising focus of leading manufacturers to develop advanced and more versatile action cameras is expected to fuel global market growth going ahead.
However, factors such as high initial investments, increasing penetration of smartphones with high-end cameras, and rising concerns about data security and privacy are expected to hamper overall growth of the action camera market to a certain extent during the forecast period.
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Some key highlights in the report:
Among the product type, the bullet action camera segment revenue is expected to expand at the fastest CAGR during the forecast period. Bullet action cameras are easy to deploy and are commonly used for outdoor recording of larger distances and are generally mounted on the handlebar of cycles and motorbikes.
Based on resolution, the ultra-high definition segment is expected to register fastest revenue growth throughout the forecast period owing to rising demand for ultra-high definition cameras in recreational activities, and increasing demand for better viewing angles in the broadcast sector.
Based on application, the sports segment is expected to account for significantly larger revenue share between 2021 and 2028. Increasing number of recreational activities like surfing, biking, surfing, skiing, racing, rising demand for extreme sports and power sports across the globe, and increasing demand for advanced action cameras for high media coverage are key factors fueling segment revenue growth.
North America action camera market is expected to account for largest revenue share throughout the forecast period. High revenue growth is attributed to factors such as presence of high number of vendors, rapidly growing power and extreme sports sector, rising number of sports activities, availability of latest and advanced products, and high R & D investments.
Asia Pacific market revenue is expected to expand at rapid CAGR between 2021 and 2028 owing to presence of large consumer base and action camera manufacturers, rising per capita income, and increasing number of extreme sports events in China, India, Japan, and South Korea.
Leading companies operating in the global action camera include Eastman Kodak Company, Olympus Corporation, Toshiba Corporation, CASIO Computer Co. Ltd., Panasonic Corporation, Sony Corporation, Garmin Ltd., SJCAM Ltd., GoPro Inc., and TomTom BV.
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For the purpose of this report, Emergen Research has segmented into the global action camera market on the basis of product type, resolution, application, and region:
Product Type Outlook (Revenue: USD Million; 2018-2028)
Box Type
Cube Type
Bullet Type
Periscope and 360°
Resolution Outlook (Revenue: USD Million; 2018-2028)
Ultra-high Definition
Full High Definition
High Definition
Standard Definition
Application Outlook (Revenue: USD Million; 2018-2028)
Sports
Emergency Services
Recreational Activities
Others
The research segments the market based on product type, applications and end-use. It profiles the key players of the business and their individual contribution to the global economy. The report focuses on significant investments, business ventures, mergers, acquisitions, collaborations along with the technological developments in the field. It also evaluates the upcoming and niche areas in the business. The researcher aims to offer expert insights related to the industry and the new opportunities available in the market.
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Here are the questions we answer…
What are the future opportunities in store for the vendors operating in the Action Camera market?
What does the competitive landscape look like?
Which emerging technologies are believed to impact the Action Camera market performance?
What are the key trends and dynamics?
Which regulations that will impact the industry?
Which segment will offer the most opportunity for growth between 2020 and 2027?
Where will most developments take place in the long term?
Who are the most prominent vendors and how much market share do they occupy?
What are the latest technologies or discoveries influencing the Action Camera market growth worldwide?
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Regional scope: – North America; Europe; Asia Pacific; Central & South America; MEA
Table of Content
Chapter 1. Action Camera Market Methodology & Sources
1.1. Action Camera Market Definition
1.2. Action Camera Market Research Scope
1.3. Action Camera Market Methodology
1.4. Action Camera Market Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Action Camera Market Key Insights
Chapter 4. Action Camera Market Segmentation & Impact Analysis
Chapter 5. Action Camera Market By Products Insights & Trends, Revenue (USD Million), Volume (Kilo Tons)
Chapter 6. Action Camera Market By Types Insights & Trends, Revenue (USD Million), Volume (Kilo Tons)
Chapter 7. Action Camera Market By Applications Insights & Trends Revenue (USD Million), Volume (Kilo Tons)
Chapter 8. Action Camera Market By End Use Insights & Trends Revenue (USD Million), Volume (Kilo Tons)
Chapter 9. Action Camera Market Regional Outlook
Chapter 10. Competitive Landscape
Continued…
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