What is the global market size of Wearable Camera Market?

Wearable Camera Market size was valued at USD 4 billion in 2021 and is poised to grow from USD 4.73 billion in 2022 to USD 18.03 billion by 2030, growing at a CAGR of 18.2% in the forecast period (2023-2030).

Wearable Camera Market Size, Share, Growth Analysis, By Type(Head Mount, Body Mount, Ear Mount, Smart Glass), By Application(Sports & Adventure, Security, Healthcare, Military & Defense), By Region - Industry Forecast 2024-2031

Report ID: SQMIG20D2069 | Region: Global | Published Date: April, 2024
Pages: 157 | Tables: 66 | Figures: 75

Wearable Camera Market Regional Insights

North America is expected to account for a large segment of the wearable camera market during the forecast period. This increase can be attributed to the region's law enforcement agencies' increased use of wearable cameras. The possible explanation for this is to increase transparency in the police investigation process, increase officer accountability, and reduce instances of misconduct while also recording the citizen's behavior, such as during a suspect interview or a sobriety test. Furthermore, these recordings could be used as evidence in court, such as in cases of domestic violence. These factors are expected to catalyze the global wearable camera industry's growth during the forecast period.

Wearable Camera Market Report Snapshots

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Wearable Camera Market size was valued at USD 4 billion in 2019 and is poised to grow from USD 4.73 billion in 2023 to USD 18.03 billion by 2031, growing at a CAGR of 18.2% in the forecast period (2024-2031).

Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the Wearable camera Market. Many major firms are shifting their focus to the introduction of new products into the market. Digital Ally, Panasonic, Garmin, GoPro, and Narrative are among the prominent/major key Wearable Camera Market players in the Wearable Camera Market. To gain a competitive advantage over their competitors in this market, players in the Wearable Camera Market are implementing various growth strategies. Major market players have been covered, as have their relative competitive strategies, and the report also mentions recent deals and investments made by different Wearable Camera Market players over the last few years. 'Panasonic Corporation', 'GoPro', 'Garmin', 'Sony Corporation', 'Polar Electro', 'Xiaomi Corporation', 'Insta360', 'Contour LLC', 'Drift Innovation', 'Narrative AB', 'Vievu LLC', 'Looxcie Inc.', 'Taser International Inc.', 'Axon Enterprise Inc.', 'Recon Instruments Inc.', 'Hitachi Ltd.', 'Toshiba Corporation', 'Google LLC', 'Samsung Electronics Co., Ltd.', 'DJI Technology Co., Ltd.'

Consumers' increasing willingness to track their fitness and digitize their medical records has increased the demand for medical wearable camera devices. for instance, Wearable cameras embedded with other software and hardware, can determine nutrition facts and characterize different food types using image processing techniques. The device's features are expected to have a positive impact on the industry.

As an effect of the growing popularity of wearable cameras manufacturers is investing in R&D to create better products. Manufacturers have been observed making significant investments to develop new products and at the same time improve user experience. Furthermore, researchers are focusing on developing dependable and cost-effective products.

North America is expected to account for a large segment of the wearable camera market during the forecast period. This increase can be attributed to the region's law enforcement agencies' increased use of wearable cameras. The possible explanation for this is to increase transparency in the police investigation process, increase officer accountability, and reduce instances of misconduct while also recording the citizen's behavior, such as during a suspect interview or a sobriety test. Furthermore, these recordings could be used as evidence in court, such as in cases of domestic violence. These factors are expected to catalyze the wearable camera industry's growth during the forecast period.

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Wearable Camera Market Size, Share, Growth Analysis, By Type(Head Mount, Body Mount, Ear Mount, Smart Glass), By Application(Sports & Adventure, Security, Healthcare, Military & Defense), By Region - Industry Forecast 2024-2031

Wearable Camera Market Regional Insights

Wearable Camera Market Report Snapshots

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