Key Projection on Future of Global Wearable Cameras Market for Forecast Period 2017 – 2022

Recently, a novel report developed using proven research methodologies at the headquarters of Fact. MR has identified various prominent factors and trends prompting market growth ofWearable Cameras Market. The study is titled as “Wearable Cameras Market Forecast, Trend Analysis & Competition Tracking: Global Review 2017 to 2022”, which deeply analyses the global market trends, with historical data from 2016 and 2017, and projections of compound annual growth rates (CAGRs) during the mentioned forecast of (). For the benefit of the readers, the report concludes with a special focus on the detailed profiles of the major vendors in the global wearable cameras market.

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Demand for wearable cameras has surged owing to the rising popularity of adventure sports such as hiking, mountain biking, trekking, skiing and sky diving among other. Participants use wearable cameras to record and live stream their experience. In addition, the expansion of the travel and tourism industry is also influencing the global wearable cameras market. Many broadcasting studios are now using wearable cameras during live telecast of sporting events to provide exclusive player perspective or viewpoint. Players are mounted with wearable camerasduring the game to offer an infield view to viewers. Use of wearable cameras has also increased in the defense sector due to their efficiency and high performance. Moreover, growing attraction towards outdoor activities and higher emphases on improving safety measures is also expected to make a positive impact on the global sales of wearable cameras over the next couple of years. On the other hand, the small size of wearable cameras makes them fragile and expensive, which to an extent has been deterring the prospects of the global wearable cameras market.

Wearable cameras can be worn or attached to a part of the body. The designs of wearable cameras often incorporate practical features and functions. Wearable cameras are head mountable, ear mountable and body mountable. These cameras can be used for recording and broadcasting real time incidences, without having to hold a camera in hand.

The scope of Fact.MR’s report is to analyze the global wearable cameras market for the forecast period 2017-2022 and provide readers an unbiased and accurate analysis. Wearable cameras manufacturers, stakeholders, and suppliers in the global sports sector can benefit from the analysis offered in this report. This report offers a comprehensive analysis, which can be of interest to leading trade magazines and journals pertaining to sport accessories.

Head Mount Wearable Cameras Top Selling Product Type Segment

On the basis of product type, preference for head mount wearable cameras is significantly high and the trend is expected to continue over 2022. In terms of revenue, global sales of head mount wearable cameras currently account for more than 52% market share. Towards the end of the assessment period, around US$ 4,800 Mn worth head mount wearable cameras are anticipated to be sold globally.

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Highlights from Fact.MR’s Report on Wearable Cameras Market Include:

1) On the basis of product type, the head mount wearable camera segment is expected to remain dominant throughout the forecast period followed by the body mount wearable cameras. The head mount wearable camera segment currently represent a substantial percentage of the global market in terms of revenue. By the end of 2022, this segment is estimated to surpass a market valuation of US$ 4,800 Mn.
2) By distribution channel, the sport stores segment is expected to retain its top position over the assessment period. In terms of revenue, the segment is projected to command for more than one-fourth market share by 2017-end. Between 2017 and 2022, the sport stores distribution channel segment is anticipated to exhibit a strong CAGR of 14%.
3) On the basis application, the industrial segment is expected to stay highly attractive in the foreseeable future. Currently, the segment represents close to 24% revenue share of the global market for wearable cameras. Towards the end of forecast period, the industrial application segment is set to reach a market valuation of over US$ 2,300 Mn.
4) By price-based, the economy and mid-range price segments are expected to dominate during the forecast period. Both the segments are expected to collectively account for nearly two-third revenue share of the global market by 2017-end.
5) Among regions, North America will continue to lead the global market for wearable cameras during the forecast period. Sales of head mount wearable cameras is significantly high in the region. The market for wearable cameras in North America is projected to reflect a CAGR of 15.7% during 2017 to 2022.

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