Press release
Body-Worn Camera Market Landscape to 2034: Key Forces Shaping the Next Decade of Growth
Body-Worn Camera Market
What Is the Expected CAGR for the Body-Worn Camera Market Through 2025?
The market size for body-worn cameras has seen significant expansion over the past few years. The market is projected to escalate from $0.93 billion in 2024 to $1.04 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 11.7%. Factors such as elevated incidents receiving wide attention, governmental backing and programs, growing civil rights worries, a surge in criminal probes, and evidence accumulation have contributed to the growth witnessed in the historical period.
What's the Projected Size of the Global Body-Worn Camera Market by 2029?
The market size for body-worn cameras is projected to experience a swift expansion in the upcoming years, reaching an estimable value of $1.62 billion by 2029 with a compound annual growth rate (CAGR) of 11.8%. This increase during the forecast period can be connected to the heightening public consciousness, the call for responsibility in police work, expanding globalization, escalating crime percentages, and the surge in hands-free recording devices. Among the primary trends projected within the said period are police technologies, wearable devices, facial recognition features, high-definition cameras, progression in camera technology, and incorporation of artificial intelligence (AI) and sophisticated analytics.
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Top Growth Drivers in the Body-Worn Camera Industry: What's Accelerating the Market?
The growth of the body-worn camera market is anticipated to be driven by the escalating demand for adventure tourism. This form of tourism is characterized by exploratory travel that warrants a certain level of risk, special skills, and physical effort. The surge in interest for adventure tourism can be attributed to several factors, such as the preference for outdoor leisure activities, the expansion of experience-based travel, the emergence of adventure travel firms, and the pursuit of distinctive experiences. Body-worn cameras augment the adventure tourism experience, enabling the recording of memorable moments, promoting security, providing educational prospects, and motivating others to discover their surroundings. For instance, the Adventure Travel Trade Association, a US-based travel agency, reported in 2023 that the average clientele managed by their respondents skyrocketed by 213% - from 1,355 in 2021 to 4,243. Hence, the growing popularity of adventure tourism is propelling the body-worn camera market forward.
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What Trends Will Shape the Body-Worn Camera Market Through 2029 and Beyond?
Leading firms in the body-worn camera market, such as Axon Body Workforce, are creating advanced products to augment the effectiveness and practicality of these devices. The Axon Body Workforce camera is durable and discreet for day-to-day use, equipped with a full-shift battery, dependable attachment methods, and a light structure. For instance, in January 2024, Axon Enterprise Inc., a US-based developer of technology and weapons products, introduced Axon Body Workforce, a new wave of body cameras engineered to safeguard frontline workers in healthcare facilities and retail establishments. This groundbreaking body camera aims to mitigate workplace violence that impacts frontline workers, providing an answer to strengthen safety and security in those settings.
What Are the Main Segments in the Body-Worn Camera Market?
The body-worn cameramarket 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
Subsegments:
1) By Recording And Live Streaming: Live Streaming With Recording Capabilities, Real-Time Data Transmission And Recording
2) By Recording: Video Recording Only, Audio And Video Recording
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Which Top Companies are Driving Growth in the Body-Worn Camera Market?
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.
Which Regions Will Dominate the Body-Worn Camera Market Through 2029?
North America was the largest region in the body-worn camera market in 2024. 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.
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