Global Action Camera Market is expected to foresee significant growth. North America to lead the growth!
- Vikas Kumar
- January 13, 2023
- CONSUMER GOODS, NEWS
- Action Camera, Action Camera Market, Action Camera Market analysis, Action Camera Market forecast, Action Camera Market growth, Action Camera Market shape, Action Camera Market share, Action Camera Market size, Action Camera Market trends, Asia Action Camera Market, Europe Action Camera Market, Middle East Action Camera Market, US Action Camera Market
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An action camera is a digital camera that has been designed to record action sequences while being completely immersed in them at the same time. In recent years, the growing popularity of social media platforms, the massive increase in the creation and consumption of video content on platforms such as YouTube, and digitization are some of the key factors driving the market. The growing popularity and user base of social networking sites such as Twitter, Facebook, and Instagram, coupled with the tendency to share photos and videos with followers and friends, have captured the attention of users. People now tend to post aesthetic and high-quality videos.
The Action Camera Market is expected to grow at a steady rate of around 11.1% owing to the high disposable incomes. Major companies in the market offer the best action camera for social media and firm applications with technologically advanced features. For instance, In September 2022, Insta360, a Shenzhen-based camera company, introduced a new 360-degree action camera called the X3. The cost of this product in China is 2,998 yuan (USD432). The latest gadget can capture 5.7K 360-degree videos, and matter can later be edited through AI tools in the Insta360 app, with automatic reframing methods for creating magic out of the action.
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On the basis of type, the market is categorized into box type, cube type, bullet type, periscope & 360°, and others. Among these, the bullet type to hold a significant share of the market in 2020. This is mainly due to the advantages such as long-range visions and designed for security applications. Thus, bullet cameras are intended to stick out and be noticeable. The main benefit is that they act as a visual deterrent for potential thieves. Though indoor use is feasible, their deterring properties and long-range capabilities make them the perfect outdoor security measure.
Based on the resolution, the market is categorized into the standard definition, high definition, and ultra HD. Among these, the ultra HD to hold a significant share of the market in 2020. This is mainly due to shooting in UHD offers the flexibility of standard and high definition. Commercial accessibility of advanced devices with UHD capabilities is driving demand significantly. In addition, Consumer preference for recording in his 4K/UHD over 1080p or 720p has contributed significantly to the growth of the segment.
For a detailed analysis of the Global Action Camera Market browse through– https://univdatos.com/report/action-camera-market/
For a better understanding of the market adoption of the Action camera industry, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, and the Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. North America is anticipated to grow at a substantial CAGR during the forecast period. This is mainly due to the increasing demand for smart video cameras is also driven the market growth. Moreover, the increasing popularity of adventure activities such as skydiving, bungee jumping, and other activities increases the demand for action cameras in the region.
Some of the major players operating in the market include Nikon Corp, GoPro Inc, Olympus Corp, Garmin Ltd., Rollei GmbH & Co. KG, Sony Group Corp, SZ DJI Technology Co., YI Technology, Drift Innovation, Eastman Kodak Co.
Global Action Camera Market Segmentation
Market Insight, by End Use
• Personal
• Professional
Market Insight, by Type
- Box Style
- Cube Style
- Bullet Style
- Periscope & 360°
- Others
Market Insight, by Resolution
• Standard Definition
• High Definition
• Ultra HD
Market Insight, by Region
- North America
- The US
- Canada
- Rest of North America
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
- Rest of the World
Top Company Profiles
- Nikon Corp
- GoPro Inc
- Olympus Corp
- Garmin Ltd.
- Rollei GmbH & Co. KG
- Sony Group Corp
- SZ DJI Technology Co.
- YI Technology
- Drift Innovation
- Eastman Kodak Co.
