Wearable Camera Market Research Report 2019-2026: Latest Business Trends, Emerging Economies are Key Opportunity Areas for Market Key Vendors

Wearable Camera Market

Wearable cameras can be mounted on eyeglasses or worn on the chest area and are typically used for sports and adventure activities, public safety, and consumer applications. They also offer real-time information in law enforcement applications, such as in the case of patrolling. These cameras are not only convenient but also offer additional benefits compared to traditional cameras.  Wearable cameras are also useful in covering areas covertly, which is particularly important in localities or areas where there is an evident lack of truck and confidence in law enforcement authorities. In such cases, the video documentation of events can prove accounts articulated by officers and community residents.

While technological advancements have long since introduced cameras embedded in our smartphones, the introduction of wearable cameras has taken the technology to new heights. In the past few years, the U.S. has recorded significant growth in the wearable camera market. Companies such as Narrative, Sony, and Panasonic are designing camera-equipped glasses and smaller life-logging devices that clip on outfits and allow hands-free documentation of the lives of surfers, snowboarders, and rock climbers, among others.

Continuous innovations have led to the introduction of compact and easily attachable cameras that can be used in extreme situations where it is not possible to hold traditional cameras or recorders. Since these cameras are mounted on clothes, they also reduce extra weight from the user’s baggage. Although body-worn cameras are already offering much in every sector, the industry is yet to fully understand the value of the technology. The figure below illustrates the history of key developments in the wearable camera market.

A recorded conversation between an enforcement officer and a civilian is often more cooperative and easy compared to one that is not recorded. Thus, wearable cameras significantly make the jobs of law enforcement officers easier by ensuring cooperation. Additionally, the recorded videos can also help in uncovering facts and facilitating the quicker resolution of complex issues.

Apart from law enforcement, wearable cameras find use in deep mines, narrow pathways, and extreme outdoor sports. They are also used in the healthcare and F&B sectors to monitor acute operations. The figure below represents growth in the number of wearable camera units sold globally from 2013 to 2020.

Internet connectivity and high-speed data network have significantly extended the capabilities of wearable cameras, enhancing market penetration on a global scale and value share accumulation in an array of industry verticals. In the medical and security sectors, lack of trust, data breaches, and criticality drive the growth of the wearable camera market.

Dilemmas related to the privacy and usability of lifelogging cameras are expected to restrain market growth. Negative perceptions of their ease of use and utility are the key areas of concern hampering the early acceptance of wearable cameras among the general public. However, increasing R&D investments by manufacturers and regulatory laws will lead to the development of new products that enhance user experience. Public-private partnerships will also help boost market growth in compliance with emerging policies.

The most prominent end-users in the global wearable camera market are industrial, sports healthcare, manufacturing, logistics, and government. 360 vision, virtual reality (VR), artificial intelligence (AI), deep learning, and computer vision will enable the expansion of wearable cameras in the industrial sector to monitor operational activates. These cameras allow the easy tracking and maintenance of complex industrial processes, which are otherwise difficult to record with hand-held cameras.

Japan is emerging as the second-largest medical device market. The country, along with South Korea, also has a strong foothold in semiconductors and manufacturing. Japan’s software connectivity and hardware devices are treated under the same regulations. China represents a highly censored market. The country mostly prefers products from domestic manufacturers; hence, China offers high potential for foreign investors to invest in Chinese companies that both manufacture and supply wearable cameras.

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The Major Prominent Players Covered in this Report:
GoPro Inc. (The U.S.), Drift Innovation Ltd. (The U.K.), Narrative AB (Sweden), Garmin Ltd. (The U.S.), Pinnacle Response Ltd. (The U.K.), Axon Enterprise, Inc. (The U.S.), Xiaomi (China), Vievu LLC (The U.S.), Sony Corporation (Japan), Contour, LLC (The U.S.), Wearable Camera & More.

NOTE: Our analysts monitoring the situation across the globe explains that the market will generate remunerative prospects for producers post the COVID-19 crisis. The report aims to provide an additional illustration of the latest scenario, economic slowdown, and COVID-19 impact on the overall industry.

By Type
Head Mount
Body Mount
Ear Mount & Smart Glass

By Application
Sports & Adventure
Healthcare
Industrial
Others

Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth rate of Steerable Medical Devices in these regions, from 2019 to 2026, covering:
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

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Key Wearable Camera Market Trends:
- The report identifies, determines, and forecasts the Global Wearable Camera Market segments based on their type, sub-type, technology used, applications, end-users, and regions.
- Industry to Industry Holds Largest Share in the Wearable Camera Market
- It examines the micro-markets based on their growth trends, development patterns, future prospects, and contribution to the overall market.
- Demand from Regional / geographical is Expected to Drive the Growth
- Rising Adoption of Market Segments in this Growth
- North American, Europe is Expected to Witness Higher Growth Rate over the Forecast Period
- It studies the competitive developments such as partnerships and collaborations, mergers and acquisitions (M&A), research and development (R&D) activities, product developments, and expansions in the Global Wearable Camera Market.

Key Questions Answered in The Report:
What will the Wearable Camera market growth rate?
What are the key factors driving the global Wearable Camera market?
Who are the key manufacturers in the Wearable Camera market space?
What are the market opportunities, market risk, and market overview of the Wearable Camera market?
What are sales, revenue, and price analysis of top manufacturers of the Wearable Camera market?
Who are the distributors, traders, and dealers of the Wearable Camera market?
What are the market opportunities and threats faced by the vendors in the global Steerable Medical Devices Industry?
What are sales, revenue, and price analysis by types and applications of the Wearable Camera Industry?
What are sales, revenue, and price analysis by regions of Wearable Camera industry?
What are the driving factors contributing to market growth during the short, medium, and long term?

Europe Market to Witness Varying Growth Rates Amid High Adoption & Stringent Regulations -
The U.K., followed by Spain and Belgium, was one of the foremost adopters of wearable cameras. The technology is adopted by the police force in said countries to promote peaceful interactions between the police and citizens in sensitive situations. However, stringent regulations that protect citizens’ interests and prohibit video surveillance or recording in private dwellings may hinder the adoption of these cameras.

Adoption in the industrial and healthcare sectors is also limited by the regulatory framework. Wearable cameras are regulated by EU laws and require conformity assessment.
Sports and adventure applications are expected to flourish in light of the strong tourism sector, especially in France. Wearable cameras allow tourists to shoot and share real-time life experiences.
Russia conducts its own device clearance and does not recognize other national approvals, unlike the new networked medical device regulations.

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