Action Camera Market is expected to reach $3.2 billion by 2027- Exclusive Report by Allied Market Research

The action camera market size was valued at $2.1 billion in 2019, and is projected to reach $3.2billion by 2027, growing at a CAGR of 8.6% from 2021 to 2027.

An action camera comprises a wide angled lens to capture desired wide and best possible view as clear as 4k resolution quality and hence provides high quality videos. The image clarity relies on cameras as well as devices used for capturing those images. Moreover, presence of various sensors in camera units improves the overall product quality. Chips miniaturization also influences type and format of resolution for action cameras.

Global Key Players:

Some key companies profiled in the report include GoPro, Inc., Samsung Electronics Co., Sony Corporation, Shenzhen Arashi Vision Co., Ltd, Drift Innovation Ltd, The Ricoh Company, World Wide Licenses Ltd.-iON, Eastman Kodak Company, Toshiba Corporation, and Xiaomi Corporation.

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Action cameras use CMOS (complementary metal oxide semiconductor) image sensor technology and hence are able to click pictures in time-lapse as well as in burst mode. Action cameras are generally worn or mounted so that they can shoot pictures and record videos with the point of view as first person perspective. One of the very common examples of action cameras is body worn camera. It can be mounted or attached on a helmet or hat, handlebars of a bike or on front side of any vehicle, and on chest. Moreover, it can also be mounted on a monopod or tripod for handheld use. It can be used in a wide range of applications with various designs. Body worn cameras are more commonly used as social and recreational activities within various industries including finance, healthcare & medical, military, journalism, and citizen surveillance.

Rise in number of product launches is expected to drive the global action camera market growth during the action camera market forecast period. Recent researches and developments in the consumer electronic industry such as adoption of sensors in products and smart gadgets is expected to drive the action camera market growth during the forecast period. Attractive features such as compact size, portability, convenience, and versatility fuel the demand for action cameras.

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North America and Europe are known to be the dominant regions in the action camera market with higher action camera market share. North American countries has witnessed higher rate of traction for action camera, owing to its increased demand from consumers. Some key macroeconomic factors such as rise in social media usage and surge in per-capita income also play an important role in contributing to the overall growth of the action camera market.

However, Asia-Pacific is expected to exhibit significant growth in the future, owing to rise in demand for different types of innovative and compact action cameras for outdoor activities purpose. In addition, the region has witnessed considerable surge in number of millennials, who are forefront consumers of action cameras. Therefore, rise in millennial population is anticipated to offer remunerative action camera market growth opportunities.

Key Benefits For Stakeholders

The report provides an extensive analysis of the current and emerging market trends and opportunities in the action camera market.
The report provides detailed qualitative and quantitative action camera market analysis of current action camera market trends and future estimations that help evaluate the prevailing market opportunities.
A comprehensive analysis of the factors that drive and restrict the growth of the action camera industry is provided.
An extensive analysis of the market is conducted by following key product positioning and monitoring the top competitors within the market framework.
The report provides extensive qualitative insights on the potential segments or regions exhibiting favorable growth.

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