Press release
Underwater Cameras Market Estimated to Experience a Hike in Growth by 2033
Underwater Cameras Market
There is increasing use of underwater cameras in commercial applications such as shooting documentaries, movies, underwater sports, and education & research to capture the subjects from underneath the water. Moreover, consumer's lifestyle has changed to be more active, which can be seen through the high growth towards adventure sports such as water diving, and water surfing. Such factors are increasing the demand for underwater cameras.
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COVID-19 Pandemic Impact on the market
The COVID-19 pandemic has impacted global business, outdoor activities, tourism, and other sectors. The COVID-19 impact has brought effects on many aspects such as travel bans and quarantines, restrictions on outdoor events, and others. This has negatively impacted the underwater camera sales, due to the disrupted in tourism sector and slowdown in underwater sports and adventures.
Due to the COVID-19 impact, the international tourist arrivals globally is expected to decline by 60%-80% in 2020. These major factors declined the demand for an underwater cameras. However, according to estimates, as the COVID-19 pandemic situation gets controlled, the market for the underwater camera would recover soon by Q1, 2021.
Underwater Cameras Market: Drivers and Restraints
Increasing Demand of 3D Underwater Cameras
The rapidly growing new innovative technologies such as the integration of AI technology and 3D technology into the underwater cameras, is fueling the market demand. The 3D underwater camera has increased in popularity in the fields such as deep sea mapping, marine research and 3D movies.
3D underwater cameras are designed to operate in the 3D reconstruction of underwater scenes and objects for archeology, structural inspection, and seafloor mapping. The 3D underwater camera is being increasingly used to map the sea bed, detect marine population, and monitor fish stocks. Such features of 3D underwater cameras are propelling the growth of the underwater camera market.
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Increasing Popularity of Underwater Photography on Social Media Platform
The underwater photography on social media platforms is a constantly growing trend. Social media is a great platform for photographers to share videos and images, with friends and the world. Facebook, Instagram, and other platform have increased significantly due to the popularity among the adventure enthusiasts.
Underwater photography is a special type of photography that is most popular among snorkelers, scuba divers, and underwater sports. These cameras are widely used by photojournalists, marine scientists, and professional underwater photographers. Such factors has increased the demand for underwater cameras.
Underwater Cameras Market: Competition Landscape
Some of the prominent players in underwater cameras market are Canon Inc., Garmin Ltd., GoPro Inc., Panasonic Corp., Nikon Corp., FUJIFILM Holdings Corp., Sony Corp., Olympus Corp., Ricoh Co. Ltd., Subsea Tech, among others.
Underwater Cameras Market: Segmentation
Type
DSLR Underwater Cameras
Mirrorless Underwater Cameras
Others
Sales Channel
Online/eCommerce
Offline Stores
Application
Personal
Commercial/Professional
Underwater Research
Media & Entertainment
Underwater Sports
Others
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Expert analysis, actionable insights, and strategic recommendations - the Electronics, Semiconductor, and ICT team at Persistence Market Research helps clients from all over the globe with their unique business intelligence needs. With a repository of over 500 reports on electronics, semiconductors, and ICT, of which, 100+ reports are specific for ICT, the team provides end-to-end research and analysis on regional trends, drivers for market growth, and research development efforts in the electronics, semiconductor, and ICT industry.
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