Global Wearable Camera Market

Wearable Camera Market Size, Share, Growth Analysis, By Type (Head Mount, Body Mount), By Product, By Connectivity, By Application, By Region - Industry Forecast 2025-2032


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

Wearable Camera Market Dynamics

Wearable Camera Market Driver

  • 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.
  • Wearable cameras are becoming popular in a variety of sports, with referees, goalies, catchers, and umpires using them for live recording, as well as skydivers, skiers, surfers, and riders using them to record and share their experiences. The growing popularity of wearable cameras, as well as individuals' growing interest in sports and adventure activities, are expected to drive Wearable Camera Market demand.
  • Law enforcement officers and the military are increasingly using wearable cameras for a variety of operations. Body cameras worn by police officers serve two purposes: first, they improve officer safety and communication when working in stressful environments, and second, if a situation escalates and people are injured or lives are lost, they help to provide a factual account of what occurred. Furthermore, wearing body cameras has proven to be invaluable to law enforcement in numerous studies commissioned by the United States Department of Justice. According to a Rialto study on body cameras, the California Police Department alone found a 90% decrease in citizen complaints against officers who wore body cameras. Therefore, with an increase in the use of wearable cameras for law enforcement activities, the market is set to grow significantly during the forecast period.

Wearable Camera Market Restraint

  • In recent years, social issues associated with wearable cameras such as illegal surveillance, media recording without permission, and so on have become quite prevalent. As a result, other illegal activities such as piracy and cyberbullying have increased in popularity, as the footage may have been secretly recorded and used for illicit purposes. As a result, places such as music festivals and offices, among others, have prohibited the entry of anyone wearing a camera, potentially stifling Wearable Camera Market growth.
  • High cost is another factor that hinder the growth of the Global Wearable Camera Market. Wearable cameras are more expensive than traditional cameras, which reduces their popularity. Furthermore, a lack of awareness among individuals in some regions is a factor limiting the Global Wearable Camera Market's growth.
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Global Wearable Camera Market size was valued at USD 7.2 billion in 2022 and is poised to grow from USD 8.43 billion in 2023 to USD 24.64 billion by 2031, growing at a CAGR of 14.35% during the forecast period (2024-2031).

Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the Global 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 Global Wearable Camera Market. To gain a competitive advantage over their competitors in this market, players in the Global 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. 'GoPro ', 'Panasonic Corporation ', '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 global wearable camera industry's growth during the forecast period.

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Global Wearable Camera Market

Report ID: SQMIG20D2069

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