Action Camera Market 2023 : Industry Insights, Growing Trends And Outlook 2032 | GoPro Inc., Nikon Corporation, Garmin Limited, Sony Corporation, Veho World

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company's Action Camera Global Market Report 2023 identifies the rise in extreme sports events, holidays, and music festivals as the major driver for the Action Camera market's growth in the forecast period. Action cameras are majorly used to capture sports events, holiday musical events, and many other activities such as actions and adventures of surfing, skateboarding, skiing, climbing, skydiving, bicycle racing, biking, and other sports. The action camera is handier than a DSLR (digital single-lens reflex camera) because of the fixed point-and-shoot model. They can be placed anywhere, from a dashboard to underwater, to capture high-quality videos and photos. There will be a significant need for action cameras in response to the rise in extreme sports events, holidays, and music festivals.

The global action camera market size grew from $3.23 billion in 2022 to $3.68 billion in 2023 at a compound annual growth rate (CAGR) of 13.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The action camera market size is expected to grow to $6.27 billion in 2027 at a CAGR of 14.3%.

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Major competitors in the Action Camera market are GoPro Inc., Nikon Corporation, Garmin Limited, Sony Corporation, Veho World, Xiaomi, Drift Innovation, SZ DJI Technology Co Limited, Yi Technology, Panasonic, Insta360, SJCAM, JVC Kenwood Corporation, Eastman Kodak Company and Polaroid Cube.

A key trend in the Action Camera market includes the digital upgradation and use of IoT. Major companies are focusing on adopting visual computing, AI (artificial intelligence), and edge computing in smart action camera products to enable better productivity with ease and convenience. IoT application-based action camera helps to build an ecosystem for remote downloading and accessing device data at user ease. The digital upgradation and use of IoT also focus on creating an ecosystem of connected devices such as an action camera connected with an external device for multiple usages.

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The Action Camera market is segmented -
By Type: Box Style, Cube Style, Bullet Style, Periscope & 360°, Other Types

By Resolution Type: Full HD, HD, Ultra HD, Other Resolutions

By Distribution Channel: Brand Outlets, Supermarkets/Hypermarkets, E-Commerce, Specialty Stores

By Application: Sports, Travel And Tourism, Recreational Activities, Entertainment And Media, Automotive, Emergency Services, Other Applications

By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Action Camera market.

The Business Research Company's "Global Action Camera Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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The Table Of Content For The Action Camera Market Include:
1. Executive Summary
2. Action Camera Market Characteristics
3. Action Camera Market Trends And Strategies
4. Action Camera Market - Macro Economic Scenario
5. Action Camera Market Size And Growth
……
26. Africa Action Camera Market
27. Action Camera Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Action Camera Market
29. Action Camera Market Future Outlook and Potential Analysis
30. Appendix

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