The body-worn camera global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Body-Worn Camera Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The body-worn camera market size has grown rapidly in recent years. It will grow from $0.82 billion in 2023 to $0.93 billion in 2024 at a compound annual growth rate (CAGR) of 13.1%. The growth in the historic period can be attributed to increasing high-profile incidents, government support and initiatives, rising civil rights concerns, increasing criminal investigations, and evidence collection.
The body-worn camera market size is expected to see rapid growth in the next few years. It will grow to $1.53 billion in 2028 at a compound annual growth rate (CAGR) of 13.4%. The growth in the forecast period can be attributed to growing public awareness, demand for accountability in law enforcement, rising globalization, growing crime rates, and increasing hands-free recording tools. Major trends in the forecast period include law enforcement technologies, wearable technology, facial recognition, high-resolution cameras, advancements in camera technology, and the integration of artificial intelligence (AI) and advanced analytics.
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Scope Of Body-Worn Camera Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Body-Worn Camera Market Overview
Market Drivers –
Rising demand for adventure tourism is expected to propel the growth of the body-worn camera market going forward. Adventure tourism refers to a type of tourism that involves exploration or travel with a certain degree of risk, requiring special skills and physical exertion. The rising demand for adventure tourism is due to several factors, including the desire for outdoor recreation, the growth of experiential travel, the rise of adventure travel companies, and the desire for unique experiences. Body-worn cameras enhance the adventure tourism experience by capturing unforgettable moments, promoting safety, fostering educational opportunities, and inspiring others to explore the world around them. For instance, in 2023, according to the Adventure Travel Trade Association, a US-based tour operator, the average number of travelers handled by respondents rose by 213% from 1,355 in 2021 to 4,243. Therefore, the rising demand for adventure tourism is driving the body-worn camera market.
Market Trends –
Major companies operating in the body-worn camera market are developing innovative products, such as Axon Body Workforce to enhance the functionality and efficiency of these devices. The Axon Body Workforce camera is reliable and unobtrusive for everyday use, with a full-shift battery, secure mounting options, and a lightweight design. For instance, in January 2024, Axon Enterprise Inc., a US-based company that specializes in developing technology and weapons products, launched the Axon Body Workforce, a new generation of body cameras designed to protect frontline workers in retail stores and healthcare facilities. This innovative body camera is aimed at addressing workplace violence affecting frontline workers, providing a solution to enhance safety and security in these environments.
The body-worn camera market covered in this report is segmented –
1) By Type: Recording And Live Streaming, Recording
2) By Resolution: 4K, Full HD (High Definition), HD (High Definition), Other Resolutions
3) By Distribution Channel: Offline, Online
4) By End User: Law Enforcement, Military, Transportation, Sports And Leisure, Other End Users
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Regional Insights –
North America was the largest region in the body-worn camera market in 2023. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the body-worn camera market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the body-worn camera market are Sony Corporation, Panasonic Corporation, Motorola Solutions Inc., Garmin Ltd., NICE Systems Ltd., Axon Enterprise Inc., GoPro Inc., Hytera Communications Corporation Limited, Safe Fleet Acquisition Corp, Transcend Information Inc., WatchGuard Technologies Inc., CP PLUS International, Safety Vision LLC, Digital Ally Inc., Wireless CCTV LLC, Utility Associates Inc., Diamante Technology Co. Ltd., Veho (Muvi), Pro-Vision Solutions LLC, Reveal Media Ltd., VIEVU LLC, Wrap Technologies Inc., Pinnacle Response Ltd., LensLock Inc, Shenzhen AEE Technology Company, Excelerate Technology Limited, Getac Video Solutions Inc, COBAN Technologies Inc.
Table of Contents
1. Executive Summary
2. Body-Worn Camera Market Report Structure
3. Body-Worn Camera Market Trends And Strategies
4. Body-Worn Camera Market – Macro Economic Scenario
5. Body-Worn Camera Market Size And Growth
…..
27. Body-Worn Camera Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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