Action Camera Market Overview:
According to the research reports by MRFR, Action Camera Market Research Report: By End-User, Type, Distribution Channel, Technology, and Region- Forecast till 2030, the global market is predicted to attain a valuation of approximately USD 23.33 Billion by the end of 2030. The report further predicts the market to thrive at a robust CAGR of over 14.4% during the review timeframe from 2020 to 2030.
Market Scope: The action camera is not like any other camera. They are mainly developed that can be easily fixed to helmets, cars & other objects, and surfboards, & they are tiny, so simple, and challenging. These action cameras have fantastic quality features. They have various lens kinds capable of capturing high–definition or high-resolution photos or videos with several wider angles. Whatever this kind of camera offers, it can be available on smartphones now. Because of this, the action camera market has witnessed several losses in the business. But in the case of other nations, it is easily be seen that the action camera industry has been developing substantially in their country as the optimum number of people have been utilizing the digital cameras assisting the market to enhance their business remarkably across their region.
Report Attribute/Metric |
Details |
Market Size in 2030 |
USD 23.33 Billion |
Growth rate: |
CAGR of 14.4% from 2022 to 2030 |
Forecast Period |
2022-2030 |
Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
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Competitive Analysis
The global market for action cameras has prominent leaders such as:
Market USP Covered
Market Drivers
The global market for action cameras has been overgrown in recent years. The main factor boosting the market’s growth is its several advantages, offering a standard comparison of various shooting points through DSLR. Furthermore, the aspects such as recording the 4K video shooting, increase of the action camera, new tending features, new design techniques and different shades of enhancing effect, and different angels of sports like surfing and skiing are also anticipated to influence the growth of the market over the assessment timeframe.
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Market Restraints
On the other hand, the increasing of advanced & high-quality smartphones may restrict the market’s performance.
COVID-19 Impact
In recent times, the global health crisis has had a massive impact on most industry areas. Like all the market areas, the action cameras market also witnessed several unexpected challenges during the pandemic. Given the lockdowns and halt on outdoor activities, the market had to witness significant revenue losses and a decline in demand. On the other hand, with all the activities getting back on track, the global market for action cameras is anticipated to witness substantial growth over the assessment timeframe.
Segment Analysis
Based on the resolution, the Ultra H.D. (UHD) segment is predicted to dominate the global market for action cameras over the assessment era. These cameras are known to offer various benefits to users. For example, shooting in UHD offers flexibility in high definition and standard definition. Commercial accessibility for advanced devices with UHD features substantially boosts the demand for these cameras. The growing consumer preference for high-resolution cameras is another prime aspect boosting the segment’s growth.
Among all the distribution channels, the retail segment is anticipated to dominate the global market for action cameras over the coming years. the preference to check the equipment and its features in person is the primary aspect causing a rise in the segment’s growth. On the other hand, the online channels segment is anticipated to register the highest CAGR over the coming years. the growth of the segment is accredited to factors like the growing popularity of online purchases and the rise in e-commerce.
Among all the application areas, the sports segment is anticipated to lead the global market for action cameras over the forecasted timeframe. The segment’s growth is ascribed to the rising number of sports enthusiasts, an increase in the number of adventure sports, and high exposure from media. On the other hand, the recreational activities segment is projected to exhibit maximum growth over the coming years, given the rising interest in fitness and adventurous activities.
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Regional Analysis
The global market for action cameras is analyzed across five major regions: North America, Latin America, Asia-Pacific, Europe, and the Middle East & Africa.
According to the MRFR research reports by MRFR, the North American region is anticipated to dominate the global market for action cameras over the coming years. the region secured the top position across the global market in 2020 because of the rising number of extreme sports events. The growing emphasis by governments on improving emergency services such as rescue workers and medics is another prime aspect supporting the growth of the regional market. Moreover, the aspects such as a rise in investments to connect the advanced technologies into action cameras and the presence of leading digital technology are also likely to influence the growth of the regional market over the assessment timeframe.
The action camera market for the Asia-Pacific region is anticipated to register the highest CAGR over the coming years. The massive customer base across the region is the primary aspect supporting the regional market’s growth. The improvement in economic conditions across the region causing a rise in per capita income is another prime parameter boosting the demand for these cameras. Moreover, the factors such as significant action camera manufacturers, improved lens and resolution characteristics, adventure and sports activities, widespread use of social media channels, commercial availability of camera variations, and the growing presence of retail channels and e-commerce may also influence the growth of the regional market over the coming years.
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