openPR Logo
Press release

Action camera market share to grow at 22% CAGR from 2016 to 2023

05-17-2017 08:30 AM CET | IT, New Media & Software

Press release from: Global Market Insights, Inc.

Global Market Insights, Inc.

Global Market Insights, Inc.

Action camera market size is anticipated to grow at a CAGR of over 22% from 2016 to 2023. As of 2015, more than 7 million units were shipped across the world. Increasing popularity and usage of social networking sites is predicted to propel the industry growth over the forecast period.

By end-use, professional and personal are the major segments. Personal action camera market share accounted for around 75% of the overall revenue in 2015. Ultra HD, SD, HD, and Full HD are contributing towards technology segment. GoPro accounted for over 45% of the overall industry in 2015.

U.S. action camera market size led regional demand, and is anticipated to continue its dominance over the forecast period.

Request for an in-depth table of contents for this report @ https://www.gminsights.com/request-toc/upcoming/353

Surging application of these devices for capturing action sports and activities is likely to drive action camera market growth. Attributes such as high quality as well as high speed offered by these devices is expected to positively impact the industry from 2016 to 2023. They are majorly attached to surfboards, handlebars and helmets, and are also an integral part of extreme sports such as wing-suit flying and base jumping. At times, multiple cameras are used to capture various perspectives. For instance, a helmet camera is used to capture the actor's perspective in combination with another camera that is attached to the rider's environment, such as a wing, board, wrist and handlebar.

Ability to capture high speed action scenes and capability to withstand extreme rugged conditions such as heavy rain and wind may positively impact action camera market share over the forecast period. Furthermore, features offered such as compact size, light weight and high amount of convenience while mounting on vehicle is forecast to drive demand from 2016 to 2023.

Growing popularity among various age groups coupled with advanced product features offered by vendors is likely to provide massive growth potential to the action camera market over the next seven years. Rising competition among the industry participants may hamper demand from 2016 to 2023. Furthermore, increasing demand from developing economies is likely to provide high growth prospects to industry players.
Sports application is likely to capture major industry share over the forecast period.

Furthermore, professional sales are mainly driven by emergency services, security and TV productions. Price polarization is predicted to be the key action camera market trend. The industry is likely to experience substantial demand from professional athletes as this device helps in monitoring as well as improving their performance on field.

Advent of bundle packaging in predicted to boost demand for these products. As vendors bundle cameras with numerous accessories, it thus eliminate users’ need of buying extra equipment. This in turn offers high cost effectiveness to customers. Introduction of new players in the industry is expected to benefit customers, as this device with high features and enhanced quality are likely to be available at affordable prices.

Increasing significance of smartphones is expected to hamper industry growth from 2016 to 2023. Enhanced features such as high image and video quality offered by smartphone cameras are forecast to hinder demand.

Make an inquiry for buying this report @ https://www.gminsights.com/inquiry-before-buying/353

Asia Pacific action camera market size is expected to witness high growth owing to rising customer demand across the region. Europe is predicted to experience stable growth from 2016 to 2023.

Key participants accumulating significant action camera market share include GoPro, Drift Innovation, Contour, Garmin, iON Worldwide, JVC Kenwood, Rollei, PLR IP (Polaroid), Sony, and Veho.

Other prominent partners are Brinno, Braun Photo Technik, Chilli Technology, EyeSee360, Geonaute, Delkin Devices, GoPole, Hitachi, HEDCAMz, iSAW, Liquid Image, Mobius, Panasonic, Oregon Scientific, PAPAGO, RePlay XD, Pyle Audio, Toshiba, Shimono, Vievu, Viofo, VIO POV and Xsories.

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Action camera market share to grow at 22% CAGR from 2016 to 2023 here

News-ID: 539472 • Views:

More Releases from Global Market Insights, Inc.

Rare Sugar Market Top 3 Trends, Covid-19 Outbreak, Factors Driving, Threats, Cha …
Rising awareness regarding health & fitness and the subsequent shift in consumer trends towards low-calorie sweeteners will boost rare sugar market share over the forecast spell. Recent years have marked a steady rise in the prevalence of cardiovascular ailments, diabetes, and obesity, among other chronic conditions, which have triggered a massive change in consumer perceptions towards health. This in turn has led to a surge in demand for various functional foods
Global Selenium Yeast Market Industry Assessment, Trends, Competitive Landscape, …
The selenium yeast market is anticipated to register substantial gains on account of rising inclination towards organic additives in animal nutrition, with an aim to improve livestock health and production. Consumers are steadily becoming aware of the downsides associated with using synthetic additives. As a result, they are preferring selenium yeast feed grades over other counterparts to provide balanced nutrition to their livestock. According to Global Market Insights Inc estimates
Power Distribution Component Market Share, Size, Trends by 2025 | Leading Key players Eaton, Schneider, Siemens, Hitachi, Powell, Hubbell
Power Distribution Component Market Share, Size, Trends by 2025 | Leading Key pl …
Global Power Distribution Component Market Report offers market overview, segmentation by types, application, countries, key manufactures, cost analysis, industrial chain, sourcing strategy, downstream buyers, marketing strategy analysis, distributors/traders, factors affecting market, forecast and other important information for key insight. Request a sample of this research report @ https://www.gminsights.com/request-sample/detail/3091 Voltage rating have acted as a standard industry protocol toward the installation of power components reliant on regulatory preference, deployment areas, and the group
Prenatal Vitamin Ingredients Market New Entrants, Risk Factors, Market Expansion …
The rise in the instances of miscarriages on account of poor diet and hygiene will anchor the consumption of prenatal vitamin ingredients. Excessive intake of junk food has resulted in the scarcity of important nutrients in pregnant women that could adversely affect the fetus health and development. Furthermore, prenatal vitamin ingredients possess additional nutritional components that are not so easily sourced from regular food items and products. Prenatal vitamin ingredients can

All 5 Releases


More Releases for Increasing

Increasing Focus On Using Lightweight Materials Is Increasing Demand For Two Com …
Two Component Adhesives Market Overview Two component adhesives are binding substances known for adhesions that are led by chemical reactions. These adhesives are sometimes recognized as reactive adhesives or structural adhesives. To Get In-depth Information View Full Report – https://www.factmr.com/report/5376/two-component-adhesives-market Two component adhesives are known for their fast curing, easy process due to their creamy consistency, flawless shine after mechanical polishing, high chemical and wear resistance, and high bonding power even at high
Torso Model : increasing use of torso model in the medical industry, increasing …
Torso Model Market Overview The torso or trunk is an anatomical name for the central part, or core, extending the neck and limbs. The torso includes the trunk's thoracic segment, the abdominal segment of the trunk, and the perineum. Human torso models are both complicated and rich in detail as the torso contains many vital organs. Doctors and medical instructors employ torso manikins to illustrate the complex structure and functions of
Thyristor Market - The Increasing Demand From Increasing Population 
Published: Oct, 2018 The global thyristor market was valued at US$ 4,035.0 Mn in 2017 and is projected to register compound annual growth rate (CAGR) of over 7.0% from 2018 to 2026, according to a new report published by Transparency Market Research (TMR) titled “Thyristor Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026.” The report suggests that the rising population and urbanization is likely to spur the
Growth of the Global PVC Pipes and Fittings Market is Increasing With Increasing …
PVC Pipes and fittings are made from the polyvinyl chloride material. PVC pipes and fittings are manufactured by heating plastic resins and the molten resins are set to make desirable shapes and sizes. The PVC pipes and fittings are widely used in the various applications such as irrigation, building & construction, water supply, sewage management and others. PVC pipes and fittings are of various types such as rigid pipes and
Thick Film Resistors Market - Increasing Consumer Spending And Increasing Global …
Resistor is a two-terminal electronic component that is used to resist or reduce the amount of current flowing in an electronic circuit. A resistor is diverse component which comes in variety of resistance values, sizes, shapes and types and these different types of resistors are used in different applications. Resistors can be broadly categorized as fixed resistors and variable resistors. Thick film resistor is one of the fixed resistors, these
Increasing Health Sensitivity Among Consumers Is Boosted By Increasing Health Se …
SAN FRANCISCO, Nov. 09, 2017 Global Nutraceuticals Product Market size is expected to reach $340 billion by 2024 from $195 billion in 2016; growing at a CAGR of 7.2% from 2016 to 2024. By geography, Asia-Pacific and Rest of the World are expected to grow at a CAGR of 7.6% and 7.7%, respectively, during the forecast period. Click Here to Request a Free Sample PDF of This Report @ https://www.variantmarketresearch.com/report-categories/food-beverages/nutraceuticals-market/sample-request Increasing investments