Action Camera Market is driven by a rapidly evolving technology with a healthy CAGR of ~16.3% by 2022 to 2030

Research Reports

Jul 12, 2023

According to MRFR analysis, the global Action Camera Market is expected to register a CAGR of ~16.3% from 2022 to 2030 and hold a value of over USD 13.8 billion by 2030.

The action camera market refers to the market for compact, rugged, and portable cameras designed for capturing high-quality video and photos in extreme or adventurous environments. Action cameras are typically used in activities such as sports, outdoor adventures, and underwater exploration, offering features like waterproofing, image stabilization, and wide-angle lenses. The COVID-19 pandemic has had a mixed impact on the action camera market. On one hand, travel restrictions and limitations on outdoor activities have reduced the demand for action cameras, particularly among adventure enthusiasts and travelers. The closure of sports events and cancellation of outdoor activities also contributed to a temporary decline in sales. However, the pandemic also led to a shift in consumer behavior. With people spending more time at home, there was an increased interest in indoor fitness, DIY projects, and virtual experiences. This created opportunities for action camera manufacturers to target new use cases such as home workouts, live streaming, and vlogging

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Action Camera Market Key Players

Some of the market key players are-

  • GoPro
  • DJI
  • Nikon
  • Sony
  • Panasonic
  • Olympus Corporation
  • Garmin Ltd
  • Akaso
  • Insta360
  • SJCAM

Report Scope:

Report Attribute/Metric

Details

Market Size 2030

USD 13.8 billion

Compound Annual Growth Rate (CAGR)

16.3% (2022-2030)

Historical Data

2018-2020

Forecast Units

Value (USD Billion)

Report Coverage

Revenue Forecast, Competitive Landscape, Growth Factors, and Trends

Geographies Covered

North America, Europe, Asia Pacific, Middle East & Africa, and South America

Key Market Opportunities

Integration Of VR With 360-Degree Cameras

Key Market Dynamics

Increasing Use Of Smart Gadgets, And Booming Consumer Electronics Industry Growing Trend Of Sharing Content On Social Networking Websites Increasing number of extreme sports events, holidays, and music festivals

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Action camera Market Segmentation

The Global Action camera market has been segmented into type, Resolution, Distribution Channel and End-User

Based on Type: Box Style, Cube Style, Bullet Style, Periscope & 360 degree

Based on Resolution: Full HD, Ultra HD, HD and SD

Based on Distribution Channel: Online, Brick & Mortar Stores

Based on End-User: Professional and Personal

Based on Application: Sports, Recreational Activities, Emergency Services and Others

Regional Analysis

North America holds a significant share in the market, driven by the popularity of outdoor activities, sports events, and adventure tourism in the region. Europe also plays a prominent role, with a strong demand for action cameras among outdoor enthusiasts and travelers.

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The Asia-Pacific region, particularly countries like China and Japan, is witnessing rapid growth in the market, fueled by the rising disposable income, growing interest in adventure sports, and the presence of major action camera manufacturers. Additionally, the Middle East and Africa region show potential for market expansion, driven by the increasing interest in outdoor activities and the development of tourism infrastructure. Latin America also presents opportunities for market growth, driven by the rising popularity of sports and outdoor adventures.

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Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis regarding diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.

Tags: Action Camera Market Overview, Action Camera Trends, Action Camera Market, Action Camera Market Growth, Action Camera Industry, Action Camera Market Analysis, Action Camera Market trends See Campaign: https://www.marketresearchfuture.com/reports/action-camera-market-4582

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