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Body Worn Camera Market May Set a New Epic Growth Story |

10-14-2022 03:10 PM CET | IT, New Media & Software

Press release from: Market Research Future (MRFR)

Body Worn Camera Market

Body Worn Camera Market

Market Overview:
The market research made on the global body-worn camera shows a potential growth of around USD 368.95 Billion during the forecast timeline which is till 2030 at a CAGR of 72.3%.
Body-worn cameras are useful for capturing video and audio data on digital platforms. Such cameras are used for surveillance reasons by special law enforcement agencies and policies as well. There are body-worn cameras that have gained good popularity in the military, law enforcement, and transportation verticals because of the increased evidence requirement against terror activities, theft, and illegal immigration. There is now the segmentation of the body-worn camera done for the purpose of analysis. It is based on the operation, resolution, end user, and region. The market of the global body-worn camera is further enjoying profits at a faster pace. The market growth is noticeable across the globe due to factors like increased smart gadgets use in law enforcement and the high video content demand to be needed for security and surveillance. Also, there is another factor that is further fueling up the body-worn camera for growth and this can further be used by the military forces for training reasons. But the global market growth is likely to be affected by the increased Smartphone addition and action cameras during the forecast timeline.

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Key Players: -
• Axon Enterprises Inc. (US)
• Motorola Solutions (US)
• Transcend Information Inc. (Taiwan)
• Reveal Media Limited (US)
• Panasonic Corporation (Japan)
• Digital Ally Inc. (US)
• Coban Technologies Inc. (US)
• IMINT (Sweden)
• Wireless CCTV LLC (US)
• Getac Video Solutions Inc. (US)
• Hytera Communications Corporation Limited (US)
• Excelerate Technology Limited (UK)
• Safety Vision

There are some major manufacturers and also key players that operate in the market of the body-worn camera and including Motorola Solutions, Panasonic Corporation, Axon Enterprises Inc, WatchGuard Technologies Inc, and Pinnacle Response Ltd to name a few. There are many product launches where the focus is on organic growth which is the main strategy adopted by the key players.
In late 2019, COVID-19 affected not just China but also spread across the world. In the year 2020, the world health organization declared the COVID-19 virus as a global pandemic crisis for which it is important to take some straight action. This eventually affected the economies, workforces, and financial markets all over the world. There had been shutdowns of the factor which also affected the supply chain for the techno industry especially electronic manufacturing service providers and semiconductor companies. The fast pace spread of COVID-19 in the initial two quarters of 2020 did slow do the growth of the GDPO and the world trade volumes while creating some huge implantation in the production ecosystem.

Market Segmentation:
As per the operation:
 Recording type
 Recording
 Live to stream

As per the resolution:
 4k
 HD
 Full HD

As per the end users:
 Military
 Enforcement
 Transportation
 Sports & Leisure

Regional Classification:
The regional analysis made on the body-worn camera market shows North America dominating the market due to law enforcement agencies' demand for the same and also the increased rate of crime. There has also been an increased content trend that is beings hared over different social media platforms which have further propelled the tourism and travel industry growth.

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Competitive Landscape
The body-worn camera market is supported by rising interest in wearing gadgets for recording events and rising adoption of action cameras. The population growth around the world and increasing demand of body-worn camera market-based services and products also support the market growth. However, the body-worn camera market growth can be affected due to highly specific applications. The report covers all such details which will help companies in the body-worn camera market to strengthen their business plan and improve their product portfolio. The body-worn camera market research report also provides company profiles of major companies. The company profile of organizations operating in the body-worn camera market discusses strategies, growth plans, size, revenue, and mergers and acquisition details of top companies in the body-worn camera market. New entrants and established players can plan their strategies based on this data provided in the body-worn camera market research report.

Industry News:
• MetroRio on March 2022 deployed Motorola Solution's Body Worn Cameras to enhance passenger safety.

• With the approval of the League City Council on Dec. 8, League City police officers will likely be allowed to wear body cameras to protect officers and facilitate better disclosure of officers to residents, officials said. The Council's vote helped the city to sign into a five-year deal, paying Axon a total of $1.24 million for body cameras, police car dash camera systems at the League City Public Safety Facility.

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