Published on : Dec 04, 2017
ALBANY, New York, December 04, 2017: ResearchMoz.us has added a new research report to its repository, titled, “Wearable Camera Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017–2025.” The report studies the market from every possible angle to provide readers with useful insights about its overall revenue and size, competitive landscape, and growth path in the near future. It carefully examines the growth drivers and trends molding the market. The aim is to offer stakeholders a proper understanding about the current trends and vulnerabilities of the market so as to enable them to take astute decisions.
The report finds that the global wearable camera market is being driven mainly by the convenience they accord. As a result they are being increasing preferred for adventure tourism and sports, which are becoming highly popular these days. The healthcare sector too is a major driver of demand in the market. The cutting-edge design and technologies of wearable cameras along their simple mechanisms and small size, makes them ideal for recording surgeries and conducting dental procedures. Besides, rising popularity of the social media and growing internet penetration too is serving to boost the market.
A wide array of wearable cameras are purveyed in the market these days, including small, low resolution ones to full HD ones for professionals. Manufacturing companies are coming up with new varieties every now and then to entice more customers. All these is proving highly beneficial for the market. The only thing that is acting as a roadblock to the market at present is the rapid adoption of smartphones having high megapixel camera that can be taken almost anywhere.
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Wearable cameras find application in various areas such as sports and adventure, healthcare, security, etc. The sports and adventure segment currently grosses maximum revenue in the market and in the next couple of years too will likely dominate vis-à-vis revenue. The sales channel in the market can be broadly split into online and offline. The offline segment at present contributes most of the revenue in the market.
Geographically, the key regions of the global wearable camera market studied in the report are North America, South America, Europe, Asia Pacific, and the Middle East and Africa. North America is a chief contributor to the overall market among them on account of the presence of numerous key players in the region trying to innovate and offer new products with unique features and functionalities. Other factors catalyzing growth in the region is the widespread use of social media, a solid tourism industry, and incorporation of latest technologies such as artificial intelligence in wearable cameras. In the years ahead too, the region is expected to hold on to its substantial share, powered primarily by the U.S.
Europe is another key region where many key manufacturers of wearable cameras are domiciled. The region is expected to expand at a cracking pace in the upcoming years on the back of strategic collaboration between players. Besides, many countries in Europe are investing in body worn cameras for police and security forces meant for spying, gathering video evidence, capturing offenses and assaults in crime scenes, etc. The market in the region is driven mainly by Germany. Asia Pacific market is also expected to soar in the foreseeable future because of the increasing economic development that is already spurring sales.
Some of the prominent names operating in the global wearable cameras market are Garmin Ltd., GoPro Inc., Sony Corporation, Xiaomi, Narrative AB, Axon Enterprise Inc., Pinnacle Response Ltd., Contour, LLC., Rollei GmbH, and Vievu LLC.
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