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Action Cameras Market top key players - Sony Corporation, GoPro Inc., Garmin Ltd., Olympus Corporation, Veho World

07-21-2021 09:18 AM CET | IT, New Media & Software

Press release from: Mobility Foresights

Action Cameras Market top key players - Sony Corporation, GoPro

The Action Cameras Market are digital cameras used for recording videos while doing activities, usually outdoor adventure sports. They are compact, portable, waterproof, shockproof and crushproof making them extremely suitable for capturing activities such as skiing and surfing.

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DRIVERS

The main factors that are helping this market to grow are:
• The trend to post pictures and videos on social media has helped the action camera market to grow. There are many promotional and marketing campaigns that also require the use of such cameras.

• The rise in the number of smartphone users and growing consumer electronics industry is also helping this market grow.

• There has been advancement in technology to improve the features offered in these action cameras which also make these cameras more attractive. 360 degrees cameras with virtual reality integration are helping capture events in a better way.

CHALLENGES

There are few challenges that may restrict the growth of the market:

• The action cameras are durable products and their replacement rate is very low.

• The cost to purchase action cameras is high which is why they do not appeal to the masses.

• Many smartphones today are providing good quality advanced cameras to capture various moments so the need for action cameras for personal use is not felt.

ACTION CAMERA MARKET SEGMENTATION

By Types
The different types of action cameras offered in the market are:
• Box style
• Cube style
• Bullet style
• Periscope and 360 degree
• Other

By End User
The market can be segmented as follows based on end users :
• Professional
• Personal

By Technology
The market can be segmented as follows based on technology offered via these cameras:
• Standard definition (SD)
• High definition (HD)
• Ultra high definition (Ultra HD)

By Distribution Channel
The different channels through which these cameras are being sold are :
• By brand outlets
• Supermarkets/Hypermarkets
• E-commerce
• Specialty stores

By Region
The regional segmentation can be done as follows:
• North America
• Europe
• Asia-Pacific
• South America
• Middle East and Africa

IMPACT OF COVID-19

Like many other markets, the global action camera market had been negatively impacted during the coronavirus pandemic. There has been loss in revenue and many producers globally stopped their production completely. The main issues that this market faced were :

• The shortage in supply of raw materials due to the complete lockdown in many parts of the world.

• The shortage of human labour during this period.

• In many countries, there were several restrictions that were imposed on international trade which also affected the market.

COMPETITIVE LANDSCAPE

The market is fragmented with a few well known players. The key players in the action camera market are:

Sony Corporation
GoPro Inc.
Garmin Ltd.
Olympus Corporation
Veho World
TomTom NV
SJCAM Limited
PLR E commerce
LLC
Nikon Corporation

Read More Information: https://mobilityforesights.com/product/action-camera-market/

Contact:
Company Name: Mobility Foresights
Contact Person: Kunal Roy
Email: Send Email
Phone: +1-315-675-4056
Address: P3&P4, HAL 3rd Stage
City: Bangalore
State: Karnataka

About Us:
We are among the very few market research firms globally, specialized in mobility domain(s). Our zone of research entails automotive, aerospace, marine, locomotive, logistics and construction & agricultural equipment.We deal in syndicated research, custom research and consumer research for all the above domains mentioned.
We envision the future of mobility every single day, following mobility domains is not just our profession rather it’s our passion. We are here, just to serve you in the most ideal way and your fulfillment is above everything else.

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