What is the present valuation and projected CAGR of the bike camera market?
The bike camera market size has grown strongly in recent years. It will grow from $2.03 billion in 2024 to $2.19 billion in 2025 at a compound annual growth rate (CAGR) of 8.0%. The growth in the historic period can be attributed to increasing popularity of cycling, rising concerns for cyclist safety, adventure and sports cycling trends, community and social media engagement, legal and insurance considerations.
The bike camera market size is expected to see strong growth in the next few years. It will grow to $2.97 billion in 2029 at a compound annual growth rate (CAGR) of 7.9%. The growth in the forecast period can be attributed to integration with smart cycling accessories, rise in bike commuting and urban cycling, influence of cycling events and competitions, environmental advocacy and bike tourism. Major trends in the forecast period include emergence of 360-degree cameras for comprehensive coverage, integration with navigation and GPS systems, rise of subscription-based cloud services, focus on rugged and weather-resistant designs, incorporation of voice control features.
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What key drivers have fueled the bike camera market’s development over the years?
The growing popularity of bike commuting is expected to propel the growth of the bike camera market going forward. Bike commuting refers to using a bicycle as the primary mode of transportation for traveling to and from work or other destinations, promoting a healthier and more sustainable urban mobility option. The rise in bike commuting encourages safety-conscious cyclists to invest in bike cameras for documenting rides and protecting themselves in case of accidents or incidents, leading to increased bike camera sales. For instance, in February 2024, according to the Office of Energy Efficiency and Renewable Energy, a US-based government agency, in 2022, 52% of all bike trips were made for social or recreational reasons. The second most frequent purpose was for church or school, followed by commuting from home to work. Overall, approximately 2.2 billion bike trips were taken that year. Therefore, the growing popularity of bike commuting will drive the growth of the bike camera market.
What is the segmentation for the bike camera market?
The bike camera market covered in this report is segmented –
1) By Type: 4K, 1080P, 720P, Other Types
2) By Sales Channel: Online, Offline
3) By Application: Personal, Commercial
Subsegments:
1) By 4K: Ultra HD (UHD), Action Cameras
2) By 1080P: Standard HD (Full HD), Action Cameras
3) By 720P: Standard HD, Compact Cameras
4) By Other Types: 360-Degree Cameras, Dash Cameras, Wearable Cameras
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Who are the most influential companies in the bike camera market?
Major companies operating in the bike camera market report are Sony Corporation, Garmin Ltd., Shimano Inc., Nikon Corporation, SZ DJI Technology Co Ltd. (Dajiang Innovations), GoPro Inc., Coleman Company Inc., TomTom N.V., Polaroid Corporation, Sena Technologies Inc., SJCAM Ltd., Mio (MiTAC Europe Limited), RevZilla Motorsports LLC, Insta360 (Arashi Vision Inc.), Cycliq Products Pty. Ltd., Veho Tech Inc., Contour LLC, SVP, Drift Innovation Ltd., MOHOC Inc., Runcam, Sound Around Inc., Campark, Dargon Touch, YI Technology Inc., INNOVV Tech Co. Ltd.
What are the top industry trends projected to impact the bike camera market?
Major companies operating in the bike camera market focus on developing innovative products, such as the INNOVV H5 Helmet Camera, to gain a competitive advantage. INNOVV H5 helmet cameras are compact and durable action cameras with 360-degree panoramic views and real-time stabilization attached to helmets or headgear to capture hands-free, high-quality video footage in action sports, adventure travel, and safety documentation. For instance, in May 2022, INNOVV Tech Co. Ltd., a China-based manufacturer of helmet cameras, launched the INNOVV H5 Helmet Camera, a portable, modular system with a built-in, high-performance Sony 4K sensor, image stabilization, and a variety of user-selectable imaging capabilities to enhance or optimize video recordings throughout its range of resolution settings for 4K, 2.7K, 1080, and 720P. The camera can be mounted on helmets or various platforms, and it features automatic recording, easy controls, and a dedicated app.
What are the major regional insights for the bike camera market, and which region holds the top position?
North America was the largest region in the bike camera market in 2024. The regions covered in the bike camera market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
What Does The Bike Camera Market Report 2025 Offer?
The bike camera market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
A bike camera is a compact video recording device mounted on a bicycle or helmet, capturing real-time footage of rides and surroundings for safety, documentation, or entertainment purposes. They are typically lightweight, durable, and equipped with features such as high-definition video recording, image stabilization, and wide-angle lenses.
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