Global Action Camera Market to Cross US$ 10 billion –Market Analysis and Growth Forecast Till 2021

BANGALORE, India - Dec. 5, 2016 - PRLog -- The report Global Action Camera Market Strategic Assessment and Forecast Till 2021 provides a detailed analysis of the worldwide action camera market. The market research report provides in-depth analysis of the market growth factors, emerging trends in global industry and strategical analysis of the key strength and opportunities of the key vendors. The report covers a detailed explanation of emerging vendors as well.

Growth and prominence of wearable action cameras is one of the emerging trend in global action camera market

Wearable cameras have established themselves as an extension of the digital camera market. With digital camera sales undergoing a decline over the last six years largely as smartphones become primary camera devices for many consumers. Wearable action cameras are more popular in sports and public safety applications and gained more acceptance than consumer lifelogging and industrial, enterprise level and healthcare applications. GoPro is one of the leading well-recognized and successful wearable camera companies responsible for introducing action cameras, which, in turn, has encouraged traditional consumer electronics players and camera manufacturers to enter the market. The market research report outlines other emerging trends with valid explanation.

Ubiquity of digital imaging and social connectivity identified as one of the major driving factors of global action camera market

Growing popularity of social networking and increasing trend of sharing images over various mediums have led to the growth of the camera industry. Social media is becoming more visual in nature, and the photograph is fast becoming the center of social media engagement. The growing popularity of social networking platforms such as Facebook, Instagram, and Twitter etc. drives the worldwide action camera market. End-users share images and videos of their adventure activities captured through action cameras on the social networking sites, consequently increasing the demand for these cameras.

The market research report outlines the various factors driving the growth of global action camera market it also outlines the impeding challenges for the market. The research analysts at Beige Market Intelligence expects the global action camera market to cross US$ 10 billion with a growing CAGR of almost 23% till the year 2021. The market research report includes a detailed market segmentation of the worldwide action camera market by resolution standard (HD, Full HD, UHD) by end user (Extreme Sports, Tourism, Movie-making, Security) by geography (APAC, EMEA, Latin America, North America).

Global Action Camera Market – Market Share and Key Vendor Analysis

This market research profiles the major companies in the global action camera market and provides the competitive landscape and market share of key the players.  The report covers the entire market outlook regarding the value chain operating within the market. The leading vendors in the market include GoPro, Drift Innovation,  Garmin, iON Worldwide, Sony. The emerging vendors include Polaroid, JVC Kenwood, Tom Tom, Veho, Rollei, Xiaomi -Y1 Technology, Braun Photo Technik, Chilli Technology, Olympus, Panasonic.

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