Action Camera Market: Global Market Industry Analysis and Forecast (2023-2029)

Action Camera Market size was valued at US$ 2.85 Bn. in 2022 and the total revenue is expected to grow at CAGR 9.13% through 2023 to 2029, reaching nearly US$ 5.26 Bn.
Action Camera Market Overview:
An action camera is a digital camera specially designed to record action sequences, sports, adventure, and kind of activities normally featuring high-speed action while being completely immersed in it at the same time. An Action Camera is typically compact, lightweight, easy portability, rugged, and water-proof at surface level, normally mounted on helmets, cars, surfboards, motorcycles, and other objects to capture or record images and videos. It consists of various sensors in camera units that improve the overall 4k resolution quality, which provides high-quality videos.To know about the Research Methodology :- Request Free Sample Report

2022 is considered as a base year to forecast the market from 2023 to 2029. 2023’s market size is estimated on real numbers and outputs of the key players and major players across the globe. Past five years' trends are considered while forecasting the market through 2029. 2022 is a year of exception and analyzed especially with the impact of lockdown by region.
Action Camera Market Dynamics:
The Action Camera market is showing northward direction growth, thanks to the growing trend of sports events such as trekking, mountain racing, ice skating, and outdoor adventure, increasing use of social media platforms such as Twitter, Facebook & Instagram for sharing live videos & pictures, and promotional & marketing activities are driving the growth of the action camera market across the globe. Action cameras come in handy when working in erratic conditions, extreme weather, and underwater outings due to their waterproof nature and specialized design, which is attracting consumers to buy these cameras in cost-sensitive regions.

Nowadays, streaming live videos and posting them on social media platforms such as Facebook, Twitter, YouTube, and other platform is a trend among youngsters. According to a study, in the age group between 14-35 years, about 39.2% choose live streaming over social media content, and about 79.4% choose video content creation. These factors are driving the action camera market growth among the young population.

An Action Camera market is highly fragmented and manufacturers are focusing to develop cameras with advanced technologies like Wi-Fi & network connectivity through the internet and waterproof casings, durable, and compact design, which are creating new opportunities for market growth of action cameras across the globe. For instance, the in-built waterproof casing is offered in Nikon KeyMission360, where customers have to buy aftermarket casings for Veho K2Pro 4K.

Increasing Smartphone penetration coupled with advanced features of the camera is a major hurdle for the growth of the action camera market across the globe. Nonetheless, product innovation and high-technology-driven features are expected to drive market growth during the forecast period.
Segment Analysis:
Based on the Resolution, the Action Camera Market is segmented into Ultra HD (UHD), Full HD, and HD. The Full HD Action Camera segment captured the largest market share accounted for 1.823 Billion in 2022 and is expected to grow at a CAGR of 12.93% during the forecast period. The full HD Action cameras provide flexibility in standard definition and high definition, clear & high-defined pictures, and sharp images due to oversampling of pixels, and stabilization, which is driving the demand growth for this segment across the globe.

The Ultra HD (UHD) Action Camera segment is expected to witness rapid growth at a CAGR of 14.2% during the forecast period. The advanced feature coupled with a high-quality resolution for video recording and capturing images are driving the market growth for this segment.

Based on the Distribution Channel, the Action Camera Market is segmented into Retail and Online. The Online Action Camera segment captured the largest market share accounted 3.178 Billion in 2022. The increasing consumer’s preference for online shopping, along with the growth of the e-commerce industry, attractive web graphics, online offers, and discounts are driving the product demand for this segment.

Based on the Application, the Action Camera Market is segmented into Recreational Activities, Sports, Emergency Services, and Others. The Sports application segment held the largest market share accounted for 41.1% in 2022. The growing interest of people in sports activities such as skiing, biking, racing, skydiving, surfing, climbing, skateboarding, and others coupled with the habit of recording it is fueling the growth of the action camera market across the globe. In addition, a rising number of sports leagues such as Football and Cricket leagues among the many countries are expected to drive the growing demand for action cameras in the sports segment.
Regional Insights:
North America region held the largest market share of xx% in 2022. The growth in the region is supported by the presence of major producers and consumers in the region. The increasing use of smart gadgets and the growing trend of sharing content on social networking websites, coupled with the accessibility of technologically advanced and latest product varieties are driving the action camera market growth in this region. In the North American region, the U.S. accounts for the highest number of action camera consumers due to high awareness of the usage, a large number of travel bloggers, and the advanced adventure sports industry.

Asia Pacific region held global market revenue share accounted for 25.8% in 2022 and is expected to witness a significant CAGR of 13.62% during the forecast period. The rising per capita incomes of people, rising expenditure on leisure, adventure, and sports activities, coupled with the vast popularity of social media channels are fueling the growth of the action camera market in the region.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also help in understanding the Trampoline Market dynamic, structure by analyzing the market segments and projecting the Trampoline Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Action Camera Market make the report investor’s guide.
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Action Camera Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 2.85 Bn.


Forecast Period 2023 to 2029 CAGR:
9.13 %
Market Size in 2029:
US $ 5.26 Bn.


 Segments Covered:
by Resolution
Ultra HD (UHD)
Full HD
HD


by Distribution Channel
Retail
Online


by Application
Recreational Activities
Sports
Emergency Services
Others



Action Camera Market by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest)
Action Camera Market Key Players
1. Go Pro
2. Garmin
3. Sony
4. TomTom
5. Olympus
6. Veho
7. Drift
8. Rollei
9. Samsung Electronics Co
10. Shenzhen Arashi Vision Co., Ltd
11. The Ricoh Company
12. World Wide Licenses Ltd.
13. Eastman Kodak Company
14. Toshiba Corporation
15. Xiaomi Corporation

Frequently Asked Questions:

1. Which region has the largest share in Global Action Camera Market?
Ans: North America region held the highest share in 2022.

2. What is the growth rate of Global Action Camera Market?
Ans: The Global Action Camera Market is growing at a CAGR of 9.13% during forecasting period 2023-2029.

3. What is scope of the Global Action Camera market report?
Ans: Global Action Camera Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. Who are the key players in Global Action Camera market?
Ans: The important key players in the Global Action Camera Market are – Go Pro, Garmin, Sony, TomTom, Olympus, Veho, Drift, Rollei, Samsung Electronics Co, Shenzhen Arashi Vision Co., Ltd, The Ricoh Company, World Wide Licenses Ltd., Eastman Kodak Company, Toshiba Corporation, and Xiaomi Corporation

5. What is the study period of this market?
Ans: The Global Action Camera Market is studied from 2022 to 2029.