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Bike Camera Global Market 2024 - Top Manufacturers, Latest Trends, Future Prospects And Outlook By 2033
Bike Camera Global Market
As per the report, the bike camera market size has grown strongly in recent years. It will grow from $1.86 billion in 2023 to $2.03 billion in 2024 at a compound annual growth rate (CAGR) of 9.1%. The bike camera market size is expected to see strong growth in the next few years. It will grow to $2.74 billion in 2028 at a compound annual growth rate (CAGR) of 7.8%.
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Bike Commuting Boom Fuels Growth In Bike Camera Market
The growing popularity of bike commuting is expected to propel the growth of the bike camera market going forward. Bike commuting refers to using a bicycle as the primary mode of transportation for traveling to and from work or other destinations, promoting a healthier and more sustainable urban mobility option. The rise in bike commuting encourages safety-conscious cyclists to invest in bike cameras for documenting rides and protecting themselves in case of accidents or incidents, leading to increased bike camera sales. For instance, in May 2023, according to Cyclist's Touring Club Company Ltd., a UK-based charitable membership organization, approximately 315,000 individuals (7% of those 16 or older) used bicycles for transportation in 2021, compared to 227,000 (5%) in 2019. Further, approximately 10% of the population (5.7 million people) cycled a few times or once or twice during 2021, an increase from 8% in 2020. Therefore, the growing popularity of bike commuting will drive the growth of the bike camera market.
Innovative Products Like Innovv H5 Helmet Camera Drive Competitive Advantage In Bike Camera Market
Major companies operating in the bike camera market focus on developing innovative products, such as the INNOVV H5 Helmet Camera, to gain a competitive advantage. INNOVV H5 helmet cameras are compact and durable action cameras with 360-degree panoramic views and real-time stabilization attached to helmets or headgear to capture hands-free, high-quality video footage in action sports, adventure travel, and safety documentation. For instance, in May 2022, INNOVV Tech Co. Ltd., a China-based manufacturer of helmet cameras, launched the INNOVV H5 Helmet Camera, a portable, modular system with a built-in, high-performance Sony 4K sensor, image stabilization, and a variety of user-selectable imaging capabilities to enhance or optimize video recordings throughout its range of resolution settings for 4K, 2.7K, 1080, and 720P. The camera can be mounted on helmets or various platforms, and it features automatic recording, easy controls, and a dedicated app.
The bike camera market covered in this report is segmented -
1) By Type: 4K, 1080P, 720P, Other Types
2) By Sales Channel: Online, Offline
3) By Application: Personal, Commercial
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Major companies operating in the bike camera market report are Sony Corporation, Garmin Ltd., Shimano Inc., Nikon Corporation, SZ DJI Technology Co Ltd. (Dajiang Innovations), GoPro Inc., Coleman Company Inc, TomTom N.V., Polaroid Corporation, Sena Technologies Inc., SJCAM Ltd., Mio (MiTAC Europe Limited), RevZilla Motorsports LLC, Insta360 (Arashi Vision Inc.), Cycliq Products Pty. Ltd., Veho Tech Inc., Contour LLC, SVP, Drift Innovation Ltd, MOHOC Inc., Runcam, Sound Around Inc, Campark, Dargon Touch, YI Technology Inc., INNOVV Tech Co. Ltd.
Contents of the report:
1. Executive Summary
2. Bike Camera Market Report Structure
3. Bike Camera Market Trends And Strategies
4. Bike Camera Market - Macro Economic Scenario
5. Bike Camera Market Size And Growth
…..
27. Bike Camera Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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