Action Camera Market Size- KBV Research

NEW YORK - Jan. 8, 2020 - PRLog -- According to a new report Global Action Camera Market, published by KBV Research, The Global Action Camera Market size is expected to reach $8.9 billion by 2025, rising at a market growth of 18.3% CAGR. The primary drivers of the global action camera market are the increasing popularity and user base of social networking sites including Facebook, Twitter, and Instagram, the trend of sharing photos and videos with followers and family, and the growing number of industry vendors.

Retail channels have the majority share of the action camera market as consumers prefer to personally check the equipment and its features. The growing need for channel partners to streamline the sales strategy has a significant effect on the market. Retail business also requires high customer retention due to a nominal charge for aftermarket operation. Additionally, retail outlets can have a combination of accessories and cameras or deal in both categories individually. The Online market is anticipated to grow at a CAGR of 21.3% during (2019-2025).

The sports segment represented a higher market share, which can be attributed to an increase in the number of adventure sports and high media exposure. Increasing the number of sports enthusiasts including surfing, skiing, skateboarding, climbing, skydiving, biking, bicycling and racing, among other sports is further increasing market demand. The Recreational Activities market is expected to witness a CAGR of 17.6% during (2019-2025). The Emergency Services market is experiencing a growth rate of 21.9% during (2019-2025).

Due to the high disposable income and growing popularity of adventure sports such as bungee jumping, skydiving and paragliding in the area, North America dominated the market in 2018. Media coverage of adventure sports is a booming industry in the U.S. as there is a growing demand for professional cameras with large storage facilities on the regional market. The Europe market is expected to witness a CAGR of 17.4% during (2019-2025). Additionally, The Asia Pacific market is would witness prominent CAGR of 20.3% during (2019-2025).

Structural Insights: https://www.kbvresearch.com/action-camera-market/

Global Action Camera Market Segmentation

By Resolution Type

Full HD

HD

Ultra HD

Others

By Distribution Channel

Retail

Online

By Application

Sports

Recreational Activities

Emergency Services

Others

By Geography

North America

US

Canada

Mexico

Rest of North America

Europe

Germany

UK

France

Russia

Spain

Italy

Rest of Europe

Asia Pacific

China

Japan

India

South Korea

Singapore

Malaysia

Rest of Asia Pacific

LAMEA

Brazil

Argentina

UAE

Saudi Arabia

South Africa

Nigeria

Rest of LAMEA

Companies Profiled

Xiaomi Corporation

Garmin Ltd.

GoPro, Inc.

Nikon Metrology NV (Nikon Corporation)

Olympus Corporation

Panasonic Corporation

Sony Corporation

TomTom N.V.

Drift Innovation Ltd.

SJCAM Limited