USD 2951 million
Report ID:
SQMIG25E2082 |
Region:
Global |
Published Date: July, 2001
Pages:
165
|Tables:
173
|Figures:
79
Action Camera Market size was valued at USD 3284.46 Million in 2023 and is poised to grow from USD 3655.6 Million in 2024 to USD 9581.12 Million by 2032, growing at a CAGR of 11.3% during the forecast period (2025-2032).
Action cameras are small and light, comfortable to wear, portable, and mountable for recording action videos. To photograph and record high-definition videos, the action cameras can be mounted to almost anything, including surfboards, bicycles, body parts, and skateboards. Adventure has become an important part of modern travel and expedition. Consumer lifestyles have shifted to be more active and healthier, as evidenced by the rapid growth of adventure tourism. The majority of action videos and photos are captured with an action camera and shared on social media platforms, blogs, and other travel websites. The market for action cameras is expected to grow significantly due to the numerous advantages over conventional point-and-shoot or DSLR cameras. The various advantages include the ability to record 4k videos in high quality without any hassle, the compact size, the capability to capture multiple angles in sports activities such as surfers and skiing, as well as the ability to use it as a car dashboard camera.
The videos shot on cameras and lenses are designed to provide viewers with a first-person perspective. This is piquing viewers' interest because they can form their views about activities like surfing, rock climbing, and skiing. Because of the small size and excellent 'point of view' feature of action cameras, people have been able to capture and share their adventures on social media platforms. Because of their waterproof nature and specialized design, action cameras are useful for working in extreme weather and underwater excursions, in addition to being simple and small. This demand is propelling the sale of action cameras.
The action camera has several features, including wide angle capture, amazing image quality, 4k+ resolution, waterproof specifications, and stable footage. The novel action camera innovation products are affordable and packed with a slew of exciting features, and are expected to fuel the global action camera market growth.
US Action Camera Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 2951 million
Largest Segment
Offline
Fastest Growth
Offline
Growth Rate
11.3% CAGR
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The Global Action Camera market is segmented based on Type, Technology Resolution, Distribution Channel, End-User, Application, and Region. Based on Resolution, the Action Camera Market is segmented into Ultra HD, Full HD, and Standard Resolution. Based on Type, the Action Camera Market is segmented into Box Style, Cube-Style, Bullet Style, Periscope, and 360 Degree. Based on Technology, the Action Camera Market is segmented into Ultra HD, Full HD, HD, and SD. Based on Distribution Channel, the market is segmented into Online, Offline. Based on End-User, the Action Camera Market is segmented into Personal, Professional. Based on Application, the Action Camera Market is segmented into Sports, Recreational Activities, Emergency Services, and Others. Based on region the global Action Camera market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.
Action Camera Market Analysis by Distribution Channel
Offline channels account for the largest share of the action camera market because customers prefer to inspect the equipment and its characteristics in aperson. High consumerism is prevalent in consumer trends. The growing need for channel partners to streamline sales strategy has a significant impact on the business. Furthermore, the retail industry has a high customer retention rate due to the availability of aftermarket service at a low cost. Retail channels may also sell both accessories and cameras, or they may specialize in one or the other.
Because of the rise in e-commerce and the growing popularity of online purchases, online channels are expected to have a positive impact over the forecast period. Attractive and functional graphics that demonstrate cutting-edge products appeal to online users, influencing first-time online buyers' purchasing decisions. Furthermore, online discounts and offers during the holiday season are likely to fuel a surge in online sales. Furthermore, e-commerce is a growing domain in the lens industry, implying that robust growth opportunities will exist during the forecast period.
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During the forecast period, North America is expected to have the largest market share. The United States is a significant contributor to the region's action camera market growth, the region's high disposable income, and the growing popularity of adventurous activities such as sky diving, bungee jumping, and boating. The media coverage of adventure sports is a thriving industry in the United States, as the regional market sees a rise in demand for a camera systems with large storage capacities. Furthermore, significant investments in R&D activities aimed at the creation of advanced versions are supporting regional growth. Furthermore, the major trend observed in the United States that affects the market in the region is a shift in consumer behavior from digital to action cameras.
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Social media is increasingly being used as a platform for numerous marketing and promotional activities, such as sharing photos and streaming videos. Social media is widely acknowledged as a rich source of data that brands can study and use to determine customer needs and trends. The trend of sharing videos and photos with friends and followers is growing with the rapid expansion of social networking sites such as Facebook, Instagram, Twitter, and others. This is the primary reason for the expansion of the action camera market size over the upcoming year.
The complexity of device handling with too many accessories can influence first-time users' purchasing decisions. Complex system settings may deter a first-time user from exploring the device. Pricing is another factor that creates constraints and influences market trends, as smartphones with advanced lens features are now available at an affordable price. As a result, market vendors have introduced low-cost, durable, waterproof, weather-resistant, and compact design action cameras to capture the attention of consumers. These factors are expected to increase the action camera market share in the forecast year.
Action Camera Market Restraint
The complexity of device handling with several accessories can influence first-time users' purchasing decisions. Complex system settings may deter a first-time user from considering the device. Pricing is yet another factor that creates constraints and influences market trends, as gadgets with advanced lens features are now available for a reasonable price. As a result, market players have introduced low-cost, durable, waterproof, weather-resistant, and compact design action cameras to capture the attention of consumers.
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The global market is differentiated by the presence of a significant number of market participants. The key strategy adopted in recent years by the market's prominent players has been the launch of new products. However, in order to capitalize on the strategic initiatives, several players have begun providing cloud storage services for action cameras. For instance, FeiyuTech introduced the FeiyuPocket 2S and FeiyuPocket 2, two new portable gimbal cameras with eye-catching features for videographers. The FeiyuPocket2S is the flashier of the two, with a magnetically detachable head and handles that allow users to experiment with a variety of shooting angles. Its magnetic features also allow it to be worn and mounted, expanding the possibilities for action camera-style POV shooting and making it a useful helmet camera option.
Action Camera Market Top Player's Company Profiles
Action Camera Market Recent Development
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our analysis, we found that the Consumer electronics industry evolution, such as sensor miniaturization and widespread use of smart gadgets, is expected to boost the market growth. The market has been driven by features such as mobility, comfortability, compactness, and versatility. The new generation of action cameras on the market frequently include add-ons that enable Wi-Fi and other capabilities that connect action camera users to other devices. These factors are expected to support our analysis of the action camera market forecast.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 2951 million |
Market size value in 2031 | USD 8608.37 million |
Growth Rate | 11.3% |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Million |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Historical Year | 2019 |
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Action Camera Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Action Camera Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Action Camera Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Action Camera Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Action Camera Market size was valued at USD 2951 million in 2019 and is poised to grow from USD 3284.46 million in 2023 to USD 8608.37 million by 2031, growing at a CAGR of 11.3% in the forecast period (2024-2031).
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Report ID: SQMIG25E2082
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