Published on : Nov 13, 2017
Albany, New York, November 13, 2017: Over the years, the growing demand for convenience and exceptional experience of cameras has increased the growth and penetration of wearable cameras. The high penetration of wearable camera in the adventure tourism business will rapidly drive the growth prospects for the global wearable camera market in the future years, finds a new study broadcasted to the wide repository of Market Research Hub (MRH). The study is titled as “Wearable Camera Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025”, which provides a comprehensive analysis of the current as well as future growth projections for the market. In order to explain the intensity of competition in the market, the report has been segmented geographically into major regions including North America, Europe, Asia Pacific, South America, and the Middle East and Africa.
Wearable technology is a category of technology devices that can be worn by a consumer and often include tracking information related to health and fitness. Wearable cameras is also a wearable technology gaining huge momentum in various applications. It has been substantially used in head-mounted display, body mounted equipment, camera glasses and other. As per the study findings, the global wearable camera market will likely rise at a solid CAGR of 13.0% from 2017 to 2025 to become worth US$8.12 bn by end of 2025 from US$2.71 bn in 2016. At present, soaring popularity of tourism, adventure, and sports, swift penetration of internet in most corners of the world; and an explosive growth in social media users are some of the prime factors contributing towards market rapid growth.
The research study has further segmented the global market on the basis of application, sales channel and regions. Application-wise, the global wearable camera market can be categorized into healthcare, sports and adventure, security and others. Of them, the segment of sports and adventure contributed the most to the revenue in the market in 2016. This is because wearable cameras can be used to capture various actions with short distortion frames. The report also adds that wearable action cams and head-mounted cameras are a big business now, and with 4K video, underwater recording and some of the best frame rates on the market. In terms of geography, Europe is projected to rise at a maximum pace by clocking a CAGR of 13.7% from 2017 to 2025. This is mainly on account of the rising usage of internet and increase in sports activities.
Moreover, the report also identifies and analyses the emerging trends along with major drivers, challenges and opportunities in the global wearable camera market. Wearable cameras available in the market range from small, low-resolution cameras to full HD ones meant for professionals. The wide array along with the rapid progressions in technology leading to the launch of more refined products every now and then is evidencing highly beneficial to the market. Apart from that, the healthcare sector too is boosting the market.
Currently, the global wearable camera market is fragmented in nature because of the presence of several national and international players. GoPro Inc., Garmin Ltd., Sony Corporation, Narrative AB, Pinnacle Response Ltd., Xiaomi, Rollei GmbH, Axon Enterprise Inc., Contour, LLC. and Vievu LLC are some of the major companies operating within the wearable camera market outlined in this study. For these players, details such as financials, SWOT analysis, business strategies, recent developments, and others are also defined in the study.
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