Press release
Body-Worn Camera Market Projected to Hit $1.53 Billion by 2028 at CAGR of 13.4%, Boosted by AI Integration and Advanced Analytics
Body-Worn Camera Market Report
Body-Worn Camera Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $1.53 Bn In 2028 At A CAGR Of 13.4%:
The body-worn camera market size has grown rapidly in recent years. It will grow from $0.82 billion in 2023 to $0.93 billion in 2024 at a compound annual growth rate (CAGR) of 13.1%. The growth in the historic period can be attributed to increasing high-profile incidents, government support and initiatives, rising civil rights concerns, increasing criminal investigations, and evidence collection.
The body-worn camera market size is expected to see rapid growth in the next few years. It will grow to $1.53 billion in 2028 at a compound annual growth rate (CAGR) of 13.4%. The growth in the forecast period can be attributed to growing public awareness, demand for accountability in law enforcement, rising globalization, growing crime rates, and increasing hands-free recording tools. Major trends in the forecast period include law enforcement technologies, wearable technology, facial recognition, high-resolution cameras, advancements in camera technology, and the integration of artificial intelligence (AI) and advanced analytics.
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Body-Worn Camera Market Major Segments
The body-worn camera market covered in this report is segmented -
1) By Type: Recording And Live Streaming, Recording
2) By Resolution: 4K, Full HD (High Definition), HD (High Definition), Other Resolutions
3) By Distribution Channel: Offline, Online
4) By End User: Law Enforcement, Military, Transportation, Sports And Leisure, Other End Users
Key Driver - High Demand From Adventure Tourism Growth In Body-Worn Camera
Rising demand for adventure tourism is expected to propel the growth of the body-worn camera market going forward. Adventure tourism refers to a type of tourism that involves exploration or travel with a certain degree of risk, requiring special skills and physical exertion. The rising demand for adventure tourism is due to several factors, including the desire for outdoor recreation, the growth of experiential travel, the rise of adventure travel companies, and the desire for unique experiences. Body-worn cameras enhance the adventure tourism experience by capturing unforgettable moments, promoting safety, fostering educational opportunities, and inspiring others to explore the world around them. For instance, in 2023, according to the Adventure Travel Trade Association, a US-based tour operator, the average number of travelers handled by respondents rose by 213% from 1,355 in 2021 to 4,243. Therefore, the rising demand for adventure tourism is driving the body-worn camera market.
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Prominent Trend - Enhance Functionality With Innovative Evidence Management Technology
Major companies operating in the body-worn camera market are developing innovative products, such as Axon Body Workforce to enhance the functionality and efficiency of these devices. The Axon Body Workforce camera is reliable and unobtrusive for everyday use, with a full-shift battery, secure mounting options, and a lightweight design. For instance, in January 2024, Axon Enterprise Inc., a US-based company that specializes in developing technology and weapons products, launched the Axon Body Workforce, a new generation of body cameras designed to protect frontline workers in retail stores and healthcare facilities. This innovative body camera is aimed at addressing workplace violence affecting frontline workers, providing a solution to enhance safety and security in these environments.
Body-Worn Camera Market Players
Major companies operating in the body-worn camera market are Sony Corporation, Panasonic Corporation, Motorola Solutions Inc., Garmin Ltd., NICE Systems Ltd., Axon Enterprise Inc., GoPro Inc., Hytera Communications Corporation Limited, Safe Fleet Acquisition Corp, Transcend Information Inc., WatchGuard Technologies Inc., CP PLUS International, Safety Vision LLC, Digital Ally Inc., Wireless CCTV LLC, Utility Associates Inc., Diamante Technology Co. Ltd., Veho (Muvi), Pro-Vision Solutions LLC, Reveal Media Ltd., VIEVU LLC, Wrap Technologies Inc., Pinnacle Response Ltd., LensLock Inc, Shenzhen AEE Technology Company, Excelerate Technology Limited, Getac Video Solutions Inc, COBAN Technologies Inc.
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Largest And Fastest Growing Region In The Market
North America was the largest region in the body-worn camera market in 2023. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the body-worn camera market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Body-Worn Camera Market Report Structure
3. Body-Worn Camera Market Trends And Strategies
4. Body-Worn Camera Market - Macro Economic Scenario
5. Body-Worn Camera Market Size And Growth
…..
27. Body-Worn Camera Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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