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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-
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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