The Action Camera Global Market Report 2023 by The Business Research Company, provides action camera market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s Action Camera Global Market Report 2023, the global action camera market size grew from $3.23 billion in 2022 to $3.68 billion in 2023 at a compound annual growth rate (CAGR) of 13.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The action camera market report size is expected to grow to $6.27 billion in 2027 at a CAGR of 14.3%.
The rise in extreme sports events, holidays, and music festivals is driving the growth of the action camera market. Action cameras are majorly used to capture sports events, holiday musical events, and many other activities such as actions and adventures of surfing, skateboarding, skiing, climbing, skydiving, bicycle racing, biking, and other sports. The action camera is handier than a DSLR (digital single-lens reflex camera) because of the fixed point-and-shoot model. They can be placed anywhere, from a dashboard to underwater, to capture high-quality videos and photos. There will be a significant need for action cameras in response to the rise in extreme sports events, holidays, and music festivals.
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The action camera market is segmented:
1) Action Camera Market By Type: Box Style, Cube Style, Bullet Style, Periscope & 360°, Other Types
2) Action Camera Market By Resolution Type: Full HD, HD, Ultra HD, Other Resolutions
3) Action Camera Market By Distribution Channel: Brand Outlets, Supermarkets/Hypermarkets, E-Commerce, Specialty Stores
4) By Application: Sports, Travel And Tourism, Recreational Activities, Entertainment And Media, Automotive, Emergency Services, Other Applications
Top Major Players
The digital upgradation and use of IoT is the key trend gaining popularity in the action camera market. Major companies are focusing on adopting visual computing, AI (artificial intelligence), and edge computing in smart action camera products to enable better productivity with ease and convenience. IoT application-based action camera helps to build an ecosystem for remote downloading and accessing device data at user ease. The digital upgradation and use of IoT also focus on creating an ecosystem of connected devices such as an action camera connected with an external device for multiple usages. For instance, in May 2022, Hero Electronix, the Hero Group’s technology company, launched Qubo Smart Dash Cam with artificial intelligence. It has a built-in 6-axis G-sensor that can auto-detect a sudden shake or collision and store the recording in the event file and comes with a mobile app for both Android and iOS to access the file. It can be easily set up on the dashboard and record photos and videos while driving. In addition, in November 2021, Hero Electronix announced its plan to launch smart sunglasses as well as action cameras with a vision to create a novel connected device ecosystem.
The action camera market report table of contents includes:
1. Executive Summary
2. Action Camera Market Characteristics
3. Action Camera Market Trends And Strategies
4. Action Camera Market – Macro Economic Scenario
5. Action Camera Market Size And Growth
……..
26. Africa Action Camera Market
27. Action Camera Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Action Camera Market
29. Action Camera Market Future Outlook and Potential Analysis
30. Appendix
List Of Tables
Table 1: Global Historic Market Growth, 2017-2022, $ Billion
Table 2: Global Forecast Market Growth, 2022-2027F, 2032F, $ Billion
Table 3: Global Action Camera Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Table 4: Global Action Camera Market, Segmentation By Resolution Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Table 5: Global Action Camera Market, Segmentation By Distribution Channel, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
……..
Table 47: GoPro Inc Financial Performance
Table 48: Nikon Corporation Financial Performance
Table 49: Garmin Limited Financial Performance
Table 50: Sony Corporation Financial Performance
Table 51: Veho World Financial Performance
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