Game Camera Market Revenue to Cross US$ 130.34 million by 2027: The Insight Partners

The global game camera market was valued at US$ 89.41 million in 2019 and is projected to reach US$ 130.34 million by 2027; it is expected to grow at a CAGR of 5.0% from 2020 to 2027. In North America, the US, Canada, and Mexico are the major economies involved in investing in advanced technology in several industries, leading to a highly competitive market in the region. The immense popularity of hunting and wildlife photography in North America is one of the significant factors driving the market. The US Fish and Wildlife Service report was presented by the US Department of the Interior, which confirms that ~101.6 million Americans, that is 40% of the US population, took part in wildlife-related activities in 2016, including fishing, hunting, and wildlife watching.

As a partnership effort with national and states conservation administrations, the report is a crucial source of data on wildlife recreation in the US. Private organizations, Federal, and state use this information to manage wildlife. Wildlife researchers and environmentalists highly depend on game cameras and live animal traps to perform population studies and monitoring. Researchers in the region are deploying game cameras to monitor the animals and learn how animal species interact. Thus, rising use of game cameras in wildlife research is propelling the growth of the market in the region. Initially, hunters and wildlife researchers were the major users of game cameras; however, wildlife enthusiasts have also started to use the camera to observe wildlife.

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Rising spending on wildlife research and monitoring, and increasing focus on developing game cameras with advanced technologies are driving the growth of the game camera market.
Mounting recreational and animal monitoring activities. In addition, surging security issues in residential and commercial sectors across the globe would compel the market growth in near future. Despite having a growth outlook, the ongoing COVID-19 outbreak is anticipated to hinder the global economy, business activities, and company revenues in the game camera market worldwide. The business lockdowns, travel bans, event cancellations, and supply chain disruptions in various countries are anticipated to hinder the growth of the market until mid-2021.

In 2019, Europe stood second in the game camera market with a decent market share, and it is anticipated to witness a decent CAGR from 2020 to 2027. Germany, France, the UK, Russia, and Italy are among the major countries in Europe. The region has a huge and energetic hunting community. People in Europe have been hunting for several decades. In several countries of Europe, the wildlife is owned privately, and hunting is reserved for upper-class people. The average hunter in the region spends ~US$ 30,380 to 36,456 per year to hunt. The region boasts around seven to nine million registered hunters, which is quite low than the US, with ~45 million registered hunters. In Germany, hunters require liability insurance, a national hunting license, and a regional hunting permit.

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Impact of COVID-19 Pandemic on Game Camera Market

The US is the major manufacturer and supplier of game cameras with numerous companies producing game cameras in the country. This is primarily due to substantial rise in hunting activities, demand from research organization, and wildlife photography fanatics. The outbreak of COVID-19 in the country has led the manufacturers to furlough a decent percentage of their employees, and operate with very limited workforce. This showcased drastic drop in production volumes of game cameras, thereby, showcasing negative trend in revenue generation trend in the game camera market. In addition, distributors are observing a decline in demand for game cameras, as the state borders and national borders are closed during lockdown phase and movement of individuals is restricted, which constricted the hunters and researchers activities. This parameter is hampering the growth of the game camera market. Moreover, the shipping delay is another prominent factor behind the declination in the revenue generation stream of the game camera market in the US.

In North America, hunting is the most popular practice. The region comprises a few of the finest game animals-the animals that can be hunted for their meat or sport. In the region, hunting opportunities are huge and they vary from whitetail hunting in Eastern hardwood forests to elk hunting in high alpine meadows to mule deer in the Sonoran Desert to muskox Canadian Arctic. Growing popularity of wildlife management in North America can be attributed to "North American Model of Wildlife Conservation," which depends on money produced by hunters. Several hunters have added the game camera to their equipment due to rising innovations. As most hunters are busy scouting, the game camera helps determine the game activity.

Game Camera Market-Company Profiles

• Boly Media Communications Co. Ltd
• Browning Trail Cameras
• Cuddeback
• Denver Electronics A/S
• Minox GmbH
• Reconyx, LLP
• Spypoint
• Stealth Cam (GSM Outdoor)
• Vista Outdoor Operations LLC
• Wildgame Innovations

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