The global action camera market size is expected to reach USD
9.6 billion by 2025, expanding at a revenue-based CAGR of 16.7%, according to a
new report by Grand View Research, Inc. A shift in consumer trends and demand
for technologically advanced action cameras is likely to induce the market
growth throughout the forecast period. 4K and above in parallel with high
definition image resolution have made a huge difference to consumer perception
about the camera industry in the recent years. For instance, display
manufacturers are now focusing on providing adjustable contrast features for
images with effective brightness.
Entry level pricing and consumer
demand for latest technology are the major driving factors as the industry is
progressing in terms of resolution, image quality, and enhanced VR aspects.
Demand for 4K resolution in action cameras is accelerating owing to the
increased sale of Ultra HD variants in the past few years. It is also
anticipated that the adoption of 4K display technology will outpace the demand
for Ultra HD technology in the forthcoming years. Such consumer buying patterns
will enable manufacturers to produce massive units of digital media.
Recently, AKASO unveiled EK7000 Pro 4K
waterproof action camera that involves adaptable view angle, auto image
stabilization, and a wireless remote control. It is highly ideal for water
sports to produce high quality images in the diving mode in underwater
scenarios. The company has made the product available for consumers on
Amazon.com and Amazon.co.uk at an attractive price. EK7000 Pro 4K exhibits
features such as upside down and loop recording that is capable of recording in
outdoor conditions and producing sensitive evidence in case of insurance
claims.
Asia Pacific is likely to witness a
steady growth owing to rise in demand for action camera with advanced lens and
resolution features. Major factors triggering the demand for these devices are
increasing expenditure on leisure, rising disposable incomes, adventure and
sports activities, and the vast popularity of social media channels. Moreover,
commercial availability of varieties of cameras along with growing presence of
retail channels and e-commerce is also propelling the regional demand over the
forecast period.
Browse full research report on Action Camera Market: https://www.grandviewresearch.com/industry-analysis/action-camera-market
Further key findings from the report suggest:
- Ultra
HD segment is estimated to register remarkable growth owing to growing
emphasis of the customers on image quality and resolution of the videos
captured
- Retail
channels accounted for highest market share in 2018 owing to change in
consumer trends and high reliability for aftermarket sales service
- The
action cameras are being increasingly used for capturing the actions and
adventures of surfing, skiing, skateboarding, climbing, skydiving, biking,
bicycle racing, among other sports, hereby supporting the growth for the
sports segment
- Action
cameras are experiencing a surge in demand by professionals for capturing
crucial moments of their adventures and sharing them on social media
platforms with their followers
- Asia
Pacific is anticipated to register higher growth in the market owing to
increasing number of sports leagues and tournaments in the region
- Some
of the key players mentioned are GoPro, Inc.; Sony Corporation; Nikon
Corporation; Garmin Ltd.; SJCAM; YI Technology; and SZ DJI Technology Co.,
Ltd.
Browse
request sample of this report by Grand View Research: https://www.grandviewresearch.com/industry-analysis/action-camera-market/request/rs1
Grand View Research has segmented the global action camera market
based on resolution,
distribution channel, application, end use, and region.
Action Camera Resolution Outlook (Revenue, USD Million; Volume,
Thousand Units, 2014 - 2025)
- Ultra
HD
- Full
HD
- HD
- Standard
Resolution
Action Camera Distribution Channel Outlook (Revenue, USD Million;
Volume, Thousand Units, 2014 - 2025)
- Online
- Retail
Action Camera Application Outlook (Revenue, USD Million; Volume,
Thousand Units, 2014 - 2025)
- Sports
- Recreational
Activities
- Emergency
Services
- Others
Action Camera End-use Outlook (Revenue, USD Million; Volume,
Thousand Units, 2014 - 2025)
- Personal
- Professional
Action Camera Regional Outlook (Revenue, USD Million; Volume,
Thousand Units, 2014 - 2025)
- North
America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- Asia
Pacific
- China
- India
- Japan
- Latin
America
- Brazil
- Middle
East & Africa
About
Grand View Research
Grand View Research, Inc. is a U.S.
based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, we offer market intelligence studies
ensuring relevant and fact-based research across a range of industries, from
technology to chemicals, materials and healthcare.
For
more info visit @ https://www.grandviewresearch.com
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