Action Camera Market Size & Share to Reach USD 15 billion by 2030, Exhibit a CAGR of 17.1%
Research Reports
Mar 15, 2023
Action Camera Market Insights
According to MRFR analysis, the global Action Camera Market is expected to register a CAGR of ~17.1% from 2022 to 2030 and hold a value of over USD 15 billion by 2030.
An action camera is a small, portable camera that is designed to be used in extreme environments and activities, such as sports and outdoor activities. They are often used to capture high-quality videos and photos. The COVID-19 pandemic has had an impact on the action camera industry. With lockdowns and social distancing measures in place, people have been spending more time outdoors, participating in activities such as hiking, biking, and other outdoor sports. This has led to an increase in demand for action cameras, as people look to capture their outdoor experiences. Furthermore, with many people traveling less, they are more likely to engage in outdoor activities nearby, leading to an increase in demand for action cameras.
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Action Camera Market Key Players
Some of the key market players are-
- Xiaomi Corporation
- Garmin Ltd.
- GoPro, Inc.
- Nikon Metrology NV (Nikon Corporation)
- Olympus Corporation, Panasonic Corporation
- Sony Corporation
- TomTom N.V.
- Drift Innovation Ltd.
- SJCAM Limited.
Action Camera Market Report Scope:
|
Report Attribute/Metric |
Details |
|
Market Size in 2030 |
USD 15 billion |
|
Growth rate: |
CAGR of 17.1% from 2022 to 2030 |
|
Forecast Period |
2022-2030 |
|
Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
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Action Camera Market Segmentation
The Global Action Camera market has been segmented into type, technology, and distribution channels.
Based on the type, the market has been segmented into Box Style, Cube-Style, Bullet Style and Periscope, and 360°.
Based on the technology, the market has been segmented into Full HD, Ultra HD, HD, and SD.
Based on the distribution channel, the market has been segmented into Online and Brick & Mortar Stores.
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Regional Analysis
The North American action camera market had the highest revenue due to the growing popularity of extreme sports and an increase in government investment to improve emergency services. The leading digital technology and advanced features of action cameras are some of the main reasons for the market’s positive revenue growth
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