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The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of wireless trail camera market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of wireless trail camera
The global trail camera market is set to enjoy a valuation of US$ 147.8 million in 2022 and further expand at a CAGR of 3.9% to reach US$ 216.6 million by the end of 2032.
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This newly published and insightful report sheds light on Market Insights of wireless trail camera, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of wireless trail camera market .
It also covers the market dynamics that include the drivers, restraints, historical and forecast data, opportunities, and trends that are expected to influence the trail camera market during the forecast period of 2021 to 2031. This study provides comprehensive analysis of the market across different geographies, in terms of both, value and volume. These cameras are also widely used for hunting expeditions, majorly in North America and Europe. Over the past 5 years, the global trail camera market expanded at a steady CAGR of over 3%.
Key Takeaways from Trail Camera Market Study
Over the past 5 years, the global trail camera market registered a growth of 3.3? in terms of value. Market outlook continues to remain steady over the next 10 years, and will register over 4% CAGR in terms of value from 2021 to 2031. North America leads the market and will hold over one-third share through 2031. The trail camera market in the U.K. will register a growth of over 4% YOY. Germany and France will be stable in terms of demand, while Japan and Korea will continue to be a bright spot in Asia. Wireless trail cameras will hold over two-third market share over the next ten years. 8 to 12 MP cameras are the most preferred across regions and sectors. Hunting and wildlife monitoring will account for over 80% demand for trail cameras through 2031. Direct to customer and third-party sales channels will hold close to two-third market share.
Competitive Dashboard
Eminent players of trail camera are Bushnell Core DS Low Glow, Bushnell Trophy, Camera Essential E3, Spy Point Solar Dark. The key manufacturers of trail camera products are employing the latest technologies and optimization systems for better utilization across diverse end-use applications. Key manufacturers are focusing on developing new product designs that ensure an increase in the efficiency and safety. Additionally, leading manufacturers are trying to apply different strategies such as product launches, partnerships, and others or techniques such as a blend of organic and inorganic promotional ways to increase the sales of the product.
In 2021, a new range of browning cameras was introduced and it's called the Elites. The most notable change is the addition of high-power LEDs for better night coverage and image quality.
Key Segments of Trail Camera Market
Product Type
Pixel Size
Flash
White Flash Low Glow No Glow
Trigger Speed
Up to 25 Sec 0.25 to 0.75 Sec Above 0.75 Sec
Application
Hunting Wildlife Monitoring Others (Residential, Utility, Commercial)
Sales Channel
Modern Trade Channels Independent/Brick & Mortar Stores Direct to Customer Third-party Online Channels
Region
North America Latin America Europe CIS & Russia Japan APEJ MEA
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Important Market Movements
Snapshot Wisconsin, a statewide management initiative started in 2016 by the Wisconsin Department of Natural Resources in the U.S., invited volunteers to host trail cameras in Wisconsin for efficient monitoring of wildlife resources. Researchers at the Mississippi State University developed an infrared trail camera survey technique capable of providing accurate analysis of the local deer population. In 2017, Wildgame Innovations launched a new range of trail cameras with zero detection, silent shield, Tru-Dual Cam, and Airborne features. The company also offered online interactive access for seamless operation of its trail cameras. Boly Inc., launched the 'Boly 4G MG984G Series' with super-fast 4G data transmission speed and economic price ranges.
Rise in biological research and wildlife management projects to capture images that will help in making evidence-based decisions is pushing demand for trail camera northwards. Another major growth factor is consumers prioritizing security across different industries and even residential buildings. Activities such as large-scale farming require these trail cameras to keep an eye on potential threats and take preventive measures accordingly.
The market is witnessing immense competition among prominent companies involved in product innovation and development. Developments such as camouflaged farm gate hunting cameras aid the farming industry, while programmed trail cameras are gaining significance in residential security to identify and prevent crimes, along with portability features and capturing videos in darkness.
Fact.MR's study points towards steady growth of the global trail camera market at a CAGR of more than 4% over the next ten years.
What Does the Future Hold?
Leading companies such as Wildgame Innovations LLC, Boly Inc., Browning Arms Company, Vista Outdoor Inc., G. Telecom, Reconyx, Cuddeback, and Covert Scouting Cameras have been found to foray into untapped opportunities across Asia Pacific and the Middle East & Africa, in a bid to expand their services and tap into new customer segments.
Penetrating into markets and breaking away from traditional CCTV surveillance systems has been hampered by a limited customer base. Lack of awareness and high cost are two major factors that hinder the growth and feasibility of trail cameras. Consumers' incline more towards CCTVs or smartphones, and hesitation in utilizing other alternatives hinders adoption, limiting the consumer base in the trail camera market.
Key Question answered in the survey of Wireless Trail Camera market report:
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More Valuable Insights on Wireless Trail Camera Market
Fact.MR, in its new report, offers an unbiased Market Analysis of Wireless Trail Camera, Sales and Demand of Wireless Trail Camera, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.
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