25th October 2019 – Global Wearable
Camera Market is expected to reach USD 10.9 billion by 2025. Wearable
camera is an electronic device, which is merged into items of accessories and
clothing that can securely be worn on the body. It is considered as an
extension of the smartphone camera that can be easily operated. It allows
customers to take video or pictures by using head mounts or body. It is
exclusively used in sport, security, and adventure activities. The Wearable
Camera Market is estimated to grow at a significant CAGR of 18.2% over the
forecast period as the scope and its applications are rising enormously across the
globe.
Rising popularity of wearable camera
among the populace, technology enhancement in camera technology, growing
urbanization all over the globe, and high demand in government organizations
and healthcare industries are documented as major factors of Wearable Camera
Market that are estimated to enhance the growth in the years to come. Wearable
Camera Market is segmented based on type, product type, application, and
region.
Ear mount & smart glass, head mount,
and body mount are the types that could be explored in Wearable Camera in the
forecast period. The head mount sector accounted for the substantial market
share of Wearable Camera and is estimated to lead the overall market in the
coming years. This may be because of high demand from security agencies as it
can be easily worn on the body, simple mechanics, may obtain high quality
videos, enhanced sharing options like GPS and Wi-Fi that allow users to keep
track of position and speed.
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Accessories and camera are the product
types that could be explored in Wearable Camera in the forecast period. Camera
sector accounted for the substantial market share of Wearable Camera and is
estimated to remain dominant in the coming years. This may be because of advanced
video steadiness and allow capturing ongoing life experiences.
The market may be categorized based on
applications like industrial, sports & adventure, healthcare, security, and
others. Sports & adventure sector accounted for the substantial market
share of Wearable Camera and is estimated to lead the overall market in the
coming years. also, the security sector is estimated to grow at fastest pace in
the coming years.
Globally, North America accounted for
the substantial market share of Wearable Camera and is estimated to lead the
overall market in the coming years. The reason behind the overall market growth
could be high disposable income; and region contains huge number of adventure
enthusiasts, outdoor enthusiasts, and adventure destinations.
Instead, Europe and the Asia Pacific are
also estimated to have a positive influence on the future growth. Europe is the
second largest region with significant market share. However, Asia Pacific is
estimated to grow at fastest pace with the highest CAGR in the foremost period.
The aspects that may be ascribed to the growth comprise rising use of enhanced
technology, growth in spending on vacations, and macroeconomic incentive. The
developing countries like China and India are the major consumers of Wearable
Camera in the region.
The key players of Wearable Camera
Market are JVCKenwood USA Corporation, GoPro Inc., Contour LLC, Drift
Innovation Ltd., Sony Corporation, Garmin Ltd., Xiaomi, Narrative AB, Vievu
LLC, Pinnacle Response Ltd., and Axon Enterprise Inc. These players are
concentrating on inorganic growth to sustain themselves amongst fierce
competition. As companies all over the world have to believe that alliance with
a market would permit them proportional market existence and authority to declare
the leadership position.
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