Global Wearable Cameras Market Analysis, Trend, Size, Share, and Forecast 2017 - 2022

Fact.MR’s recent study reveals that the global wearable cameras market is set to surpass a valuation of US$ 9,120 Mn, by 2022, reflecting a robust CAGR during the forecast period (2017-2022). Demand for wearable cameras has escalated due to the increasing popularity of various adventure sports such as mountain biking, hiking, skiing, sky diving, and trekking among others. People who participate in these sports activities use wearable cameras for live streaming and recording their experience. Moreover, the growth of the travel and tourism sector is also reflecting favourably on the global market for wearable cameras. Broadcasting organisations are rapidly incorporating wearable cameras for live telecast of sporting events in order to offer player’s infield viewpoint or perspective to viewers. Wearable cameras are mounted on players during the game that stream the real time incidences happening with the player. Owing to their high performance and efficiency, military application of wearable cameras have also increased of late. However, most wearable cameras have fragile components that remain highly expensive, which to an extent is hampering their sales.

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The report offers an overview of the wearable cameras market. This comprises an introduction to the market, along with a standard definition of the product – sport accessories. In this section, market value and year-over-year growth is offered to the readers. Year-over-year growth provides readers with a broader view of growth patterns over the forecast period.

The report’s succeeding section focuses on drivers, restraints and key trends from macroeconomic, demand, and supply perspectives. Impact analysis of weighted average model-based growth drivers is contained in the report for better provision of decision-making insights to clients.

In order to offer readers with up-to-date information about the latest advancements in the global wearable cameras market, the report provides updates about market opportunities, which can benefit leading manufacturers of sport accessories. With continuous evolution of the sports sector, keeping a record of latest developments and trends is fundamental for wearable cameras manufacturers to formulate key business strategies. Detailed insights about raw material sourcing, supply chain, pricing analysis, list of distributors, and cost structure are provided in this section.

North America to Spearhead the Global Wearable Cameras Market
The wearable cameras market in North America is expected to remain highly lucrative during the forecast period (2017-2022) and is projected to exhibit a double-digit CAGR. This is primarily owing to the presence of a large number adventure seekers and outdoor sport enthusiasts who prefer to use wearable cameras to monitor and capture their field experience. Further, rise in disposable income and availability of cutting-edge wearable cameras in the region is also driving the growth of the market in the North America region.

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Head Mount Wearable Cameras Top Selling Product Type Segment
On the basis of product type, preference for head mount wearable cameras is significantly high and the trend is expected to continue over 2022. In terms of revenue, global sales of head mount wearable cameras currently account for more than 52% market share. Towards the end of the assessment period, around US$ 4,800 Mn worth head mount wearable cameras are anticipated to be sold globally.

Competition Tracking
Key market players profiled in Fact.MR’s report include Digital Ally, Inc., Garmin International, Inc., GoPro, Inc., iON America LLC, Narrative, Pinnacle Response, Axon Enterprise, Inc., VIEVU, Hitachi, Ltd., and General Electric Company.

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