Press release
Action Camera Global Market Report 2024 - By Size, Share, Trends, Demand, Forecast To 2033
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the Action Camera industry. This report on Action Camera market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The action camera market size has grown rapidly in recent years. It will grow from $3.81 billion in 2023 to $4.41 billion in 2024 at a compound annual growth rate (CAGR) of 15.5%. The growth in the historic period can be attributed to rise of social media, rise in outdoor activities, change in consumer lifestyle, increased adoption of smartphones, and the increased use of smart devices. The action camera market size is expected to see rapid growth in the next few years. It will grow to $7.63 billion in 2028 at a compound annual growth rate (CAGR) of 14.7%.
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Key Market Players:
GoPro Inc., Garmin Ltd., Nikon Corporation, Sony Corporation, Veho World Limited.
Market Drivers:
According to the Action Camera Market Report 2023 by The Business Research Company, the rise in extreme sports events, holidays, and music festivals is driving the growth of the action camera market. 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.
More information about the Global Action Camera Market Report -
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Market segments for Action Camera include:
• 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
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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