What is the global market size of Underwater Camera Market?

Underwater Camera Market size was valued at USD 6.8 billion in 2021 and is poised to grow from USD 7.75 billion in 2022 to USD 10.71 billion by 2030, growing at a CAGR of 21.95% in the forecast period (2023-2030).

Underwater Camera Market Size, Share, Growth Analysis, By Type(Digital Single Lens Reflex (DSLR), Mirrorless, and Compact), By Distribution Channel(Online, and Offline), By Application(Personal, Commercial, Education & Research Institutes, Media & Entertain-ment), By Region - Industry Forecast 2024-2031

Q: Who are the key vendors in the Global Underwater Camera Market?

The competitive landscape of the global Underwater Camera market is characterized by intense rivalry among key players striving for technological supremacy, market share, and innovation. Industry leaders like GoPro, Canon, Sony, and Nikon dominate with their established brand presence, cutting-edge imaging technologies, and extensive product portfolios tailored to diverse underwater photography needs. 'GoPro, Inc. (USA)', 'Canon Inc. (Japan)', 'Sony Corporation (Japan)', 'Nikon Corporation (Japan)', 'Panasonic Corporation (Japan)', 'Olympus Corporation (Japan)', 'Garmin Ltd. (Switzerland)', 'FLIR Systems, Inc. (USA)', 'Ricoh Company, Ltd. (Japan)', 'FLIR Systems, Inc. (USA)'.

Report ID: SQMIG25E2063 | Region: Global | Published Date: March, 2024
Pages: 223 | Tables: 93 | Figures: 66

Underwater Camera Market News

October 2022: Austrian solution supplier Single Use Support added new single-use bioprocess containers under the IRIS brand to its product offering. In order to handle biopharmaceutical fluids, the company made use of its expertise while maintaining its vendor-agnostic strategy.

At the Bioprocess International conference in Boston, Massachusetts, in September 2022, Thermo Fisher Scientific Inc. introduced the Thermo Scientific DynaSpin Single-Use Centrifuge system. The device is made to offer the best single-use option for mass cell culture harvesting.

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Underwater camera Market size was valued at USD 7.75 billion in 2022 and is poised to grow from USD 9.45 billion in 2023 to USD 46.23 billion by 2031, growing at a CAGR of 21.45% during the forecast period (2024-2031).

The competitive landscape of the Underwater Camera market is characterized by intense rivalry among key players striving for technological supremacy, market share, and innovation. Industry leaders like GoPro, Canon, Sony, and Nikon dominate with their established brand presence, cutting-edge imaging technologies, and extensive product portfolios tailored to diverse underwater photography needs. 'GoPro, Inc. (USA)', 'Canon Inc. (Japan)', 'Sony Corporation (Japan)', 'Nikon Corporation (Japan)', 'Panasonic Corporation (Japan)', 'Olympus Corporation (Japan)', 'Garmin Ltd. (Switzerland)', 'FLIR Systems, Inc. (USA)', 'Ricoh Company, Ltd. (Japan)', 'FLIR Systems, Inc. (USA)'

The surge in digital content creation and sharing on social media platforms has fueled the need for high-quality underwater imagery and videos, contributing to the demand for underwater cameras.

Rising Popularity of Underwater Tourism: The increasing interest in underwater exploration and adventure tourism has led to a growing demand for underwater cameras to capture and share unique underwater experiences.

The North American region commands a substantial market share due to a confluence of compelling factors that drive the demand for underwater cameras. First, a surge in consumer trends towards water-related activities and aquatic adventures has led to a heightened interest in underwater cameras for capturing these experiences. Second, the region's well-established technological prowess is translating into an increased adoption of advanced imaging technologies, thereby elevating the appeal of underwater cameras among consumers. Third, manufacturers in North America are intensively focusing on product innovation, earmarking higher investments for research and development to introduce cutting-edge features and enhanced performance. This commitment to continuous improvement resonates well with consumers, who are increasingly seeking sophisticated and reliable underwater camera solutions. Collectively, these factors position North America as a key player in the underwater camera market.

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