The global waterproof camera market will touch USD 14.2 billion at an 18.50% CAGR by 2032, as per the recent Market Research Future report.
Eminent industry players profiled in the waterproof camera market report include
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Rising Popularity of Smart Action Underwater Camera to Boost Market Growth
The market for waterproof cameras is anticipated to see growth for the surging popularity of the smart action underwater cameras. Viewers may create their own personal perspective into sports like rock climbing, surfing, & skiing by employing action cams. The market for waterproof cameras is anticipated to reach new heights due to the rising demand for action underwater cameras for action movies & action underwater photography.
Increasing Use in Security and Surveillance to offer Robust Opportunities
In recent years, there has been an increase in the usage of waterproof cameras both for security & surveillance applications. This is because modern cameras can take sharp pictures and films even when there is little light. Also resistant to the water damage, waterproof cameras are the best choice for usage in settings where there is a chance of water exposure. Outdoor security systems, the underwater security systems, & industrial security systems are some of the most often used applications for waterproof security cameras.
Restraints and Challenges
High Cost to act as Market Restraint
The high price of waterproof cameras, lack of competent shooters, and dearth of experienced consumers may act as market restraints over the forecast period.
The global waterproof camera market is bifurcated based on application, range, and type.
By type, normal will lead the market over the forecast period.
By range, 10-30M will domineer the market over the forecast period.
By application, security and surveillance will spearhead the market over the forecast period.
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Like many other industries, the COVID-19 epidemic had a significant effect on waterproof camera market. The manufacturing sector has suffered significantly as a result of the epidemic. Electrical circuitry and semiconductors, which are used in camera components, were particularly heavily hit while the pandemic was at its worst. This market was indirectly influenced by the decline in tourism due to travel restrictions.
North America to Command Waterproof Camera Market
In 2022, this market was headed by North America (45.80%). North American manufacturers of cameras are well known for their technical advancements. Due to the presence of several sizable camera manufacturers & tech companies, North America is a leader in the development of cutting-edge goods and technology. This involves enhancing the camera’s overall functionality as well as its video capabilities, connectivity options, and picture quality. Additionally, in the North American area, the U.S. Market had the greatest market share, while the Canada Waterproof Camera Market had the quickest rate of growth.
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