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Pocket Video Camera Market Poised for 5.21 % Growth, Set to Hit $19.67 Billion by 2029
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The increasing use of social media is expected to propel the growth of the pocket video camera market. Social media platforms, driven by growing internet access and smartphone use, have increased the demand for content creation. In March 2024, Made in CA reported that 33.1 million Canadians were using social media, with the penetration rate in Canada at 91.3%. As content creators and influencers use pocket video cameras for live streaming and videos, this surge in social media activity is driving market growth.
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What is the projected compound annual growth rate (CAGR) of the pocket video camera market from 2025 to 2034, and what factors influence it?
The pocket video camera market has grown significantly in recent years. It will increase from $3.62 billion in 2024 to $3.82 billion in 2025, at a CAGR of 5.4%. This growth is driven by social media trends, falling prices, the rise of vlogging, travel and adventure trends, and the convergence of consumer electronics.
The pocket video camera market is expected to grow to $4.67 billion by 2029, with a CAGR of 5.2%. Growth is driven by AI integration, AR/VR technology, 5G connectivity, sustainability trends, health and fitness interests, and the rise of remote work and education. Trends include the evolution of remote work, a focus on sustainability, digital health and wellness, e-commerce expansion, and metaverse exploration.
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How are the latest trends influencing the growth of the pocket video camera market?
Companies in the pocket video camera market are focusing on compact, portable recording solutions, such as palm-sized digital cameras. For example, in February 2024, Fujifilm India Private Limited introduced the INSTAX Pal, a palm-sized digital camera that enables spontaneous photo capture and remote functionality via Bluetooth. This camera, part of the INSTAX series, allows users to take dynamic shots with one-handed operation and connect to smartphones for selfies or group photos.
What are the major segments of the pocket video camera market and their role in driving growth?
The pocket video camera market covered in this report is segmented -
1) By Type: Normal Type, Moonlight Type, Star Type, Infrared Illumination Type
2) By Price Range: Premium, Mid-Size, Low Price Ranges
3) By Application: Commercial Areas, Consumer Segment, Other Applications
4) By Distribution Channel: Multi-Brand Store, Single-Brand Store, Online Store
Subsegments:
1) By Normal Type: Standard Pocket Video Cameras, HD Pocket Cameras, Ultra HD (4K) Pocket Cameras
2) By Moonlight Type: Low-Light Sensitivity Cameras, Cameras With Enhanced Night Vision, High ISO Capability Cameras For Low-Light Recording
3) By Star Type: Astrophotography Cameras, Long Exposure Cameras For Star Tracking, Cameras For Night Sky Observation
4) By Infrared Illumination Type: Infrared (IR) Night Vision Cameras, Thermal Imaging Pocket Cameras, Cameras With IR LEDs For Total Darkness Recording
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Which regions are key players in the growth of the pocket video camera market?
North America was the largest region in the pocket video camera market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the pocket video camera market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the key firms paving the way for growth in the pocket video camera market?
Major companies operating in the pocket video camera market are Sony Corporation, Panasonic Corporation, Cisco Systems Inc., Canon Inc., FUJIFILM Holdings Corporation, Garmin Ltd., Nikon Corporation, Eastman Kodak Company, GoPro Inc., Blackmagic Design Pty Ltd., HTC Corporation, SZ DJI Technology Co. Ltd., Vivitar Corporation, SJCAM Limited, Rylo Inc., Insta360, ThiEYE, AEE Technology Inc., Kinemax Technology Co. Ltd., Mokacam Technology Co. Ltd.
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What Is Covered In The Pocket Video Camera Global Market Report?
•Market Size Forecast: Examine the pocket video camera market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the pocket video camera market for a structured understanding.
•Key Players Overview: Analyze major players in the pocket video camera market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the pocket video camera market.
•Segment Contributions: Evaluate how different segments drive overall growth in the pocket video camera market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the pocket video camera market.
•Industry Challenges: Identify potential risks and obstacles affecting the pocket video camera market.
•Competitive Landscape: Review strategic developments in the pocket video camera market, including expansions, agreements, and new product launches.
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