Action Camera Market Size, Share, Trends, Growth 2029

Action Camera Market


Action Camera Market was valued at USD 4.1 billion in 2021 and is projected to grow at a CAGR of 13.1% during 2022-2029 and reaching USD 11.0 billion in 2029.

The factors driving the growth of Action Camera Market includes growing internet penetration rates, rise in the sales of consumer electronics such as smartphones and tablets, availability of cheap data and increase in the consumption of video content around the world. Moreover, increase in youth’s participation for creating video content, rapid growth in the tourism industry, integration of advanced technologies such as Augmented Reality (AR), Virtual Reality (VR) and Artificial Intelligence (AI) with action cameras, are some of the additional factors supplementing the Action Camera Market size. In addition, the increasing investments by leading players on research and development, growing importance of social media marketing, rising disposable incomes and growing population growth rates, are further contributing towards the market growth. 

Request a free sample of this report

However, growth of the Action Camera Market is hindered attributed to high cost of procuring action cameras.

The prominent players operating in the market are Sony Corporation, SJCAM, Rollei, GoPro, Inc., Nikon Corporation, Garmin Limited, TomTom International BV, Drift Innovation, OM Digital Solutions Corporation, and insta360.com among others.

Based on Distribution Channel, Online segment is predicted to expand at a significant CAGR during the forecast period

Online stores offer wide range of camera products, provides attractive discount options and are open 24*7 along with rising trend of online shopping, are some of the factors responsible for growth of the segment

Based on Application, the Sports segment is projected to grow at a remarkable CAGR over the forecast period

As per the Action Camera Market Analysis, rise in the number of sporting tournaments such as biking, skateboarding, and skydiving, across the globe, is pushing Action Camera Market share.

Based on Region, the Asia-Pacific region is anticipated to capture a sizeable market share during the forecast period

According to the Action Camera Market Forecast, expansion of the Travel and Tourism industry, rise in the number of sporting events across India, China, and Japan, technological advancements in action cameras, rapid urbanization, increasing per capita income and high population growth rates, are some of the important factors augmenting the market growth in Asia-Pacific region. 

Key Development

  • In 2020, Insta360 introduced One R Convertible Action Camera at CES, which is waterproof, supports voice commands, can be tied together using the included mounting base, and it can be used as a standard action camera or as a 360-degree capture device.

Market Segmentation

Segmentation by Resolution

  • Ultra HD
  • Full HD
  • Others

Segmentation by Distribution Channel

  • Online
  • Retail

Segmentation by Application

  • Sports
  • Recreational Activities
  • Emergency Services
  • Others

Segmentation by Region

  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of APAC
  • North America
    • United States of America
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Rest of Europe
  • RoW
    • Brazil
    • South Africa
    • Saudi Arabia
    • UAE

About GMI Research

GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.

Media Contact
Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Email: enquiry@gmiresearch.com
Phone: Europe – +353 1 442 8820; US – +1 860 881 2270
Address: Dublin, Ireland
Website: https://www.gmiresearch.com/

Location: United States

Comments

Post a Comment

Popular posts from this blog

Seizing the Europe Smart Home Market Opportunity

Image
 The Europe smart home market presents a vast and promising opportunity for businesses and consumers alike. With advancements in technology, changing lifestyles, and increasing awareness about energy efficiency, the smart home industry in Europe is ripe with potential for growth and innovation. The opportunity in the Europe smart home market stems from several key factors. Firstly, the region boasts a large and affluent consumer base that is increasingly embracing connected technology to enhance their lifestyles. From smart thermostats and lighting systems to security cameras and voice-controlled assistants, the demand for smart home devices is on the rise across the continent. Moreover, supportive regulatory initiatives and incentives aimed at promoting energy efficiency and sustainability are creating a conducive environment for the adoption of smart home technology in Europe. Tax incentives, rebates, and subsidies for energy-efficient home upgrades are encouraging homeowners to inv
Read more

Unlocking Opportunities: GCC Medical Packaging Market Growth in 2024

Image
The GCC medical packaging market is poised for substantial growth in 2024, driven by factors such as technological advancements, increasing healthcare spending, and a focus on patient safety. The region's growing population, coupled with rising demand for quality healthcare services, is fueling the expansion of the medical packaging sector. Let's explore the key drivers and opportunities contributing to the growth of the GCC medical packaging market this year. One of the primary drivers of market growth is the continuous innovation in medical packaging technologies. Companies are investing in advanced packaging materials, designs, and functionalities to meet the evolving needs of healthcare providers and patients. Smart packaging solutions equipped with sensors, RFID tags, and tracking capabilities are enhancing product safety, supply chain visibility, and real-time monitoring. This technological progress is driving the adoption of intelligent packaging solutions and fueling m
Read more

Riding the Wave: India Wireless Earphone Market Surges Amidst Growing Demand

Image
 The India Wireless Earphone Market is witnessing remarkable growth, buoyed by an increasing demand for wireless audio solutions and a shift towards a wireless lifestyle. With consumers seeking convenience, mobility, and superior audio quality, wireless earphones have emerged as a must-have accessory in today's digital age, driving significant market expansion. One of the key drivers of growth in the India Wireless Earphone Market is the rising penetration of smartphones and smart devices. With smartphone ownership becoming ubiquitous across urban and rural areas, there is a growing need for wireless earphones that complement these devices seamlessly. As consumers look for hassle-free connectivity and on-the-go audio solutions, the demand for wireless earphones continues to surge, fueling market growth. Moreover, technological advancements in wireless audio technology are driving market expansion. Innovations such as true wireless earbuds, active noise cancellation, and advanced B
Read more