Report Description
The global action camera market size is expected to expand at a substantial CAGR during the forecast period, 2021 – 2028. The growth of the market is attributed to the rising popularity of extreme sporting activities, vacations, seasonal cycles, and music festivals.
An action camera can be referred to as a digital camera that is primarily designed to capture high-speed or fast-paced events. The action cameras are generally smaller in size and high durability as well as are made waterproof to resist from water damage. These devices are usually equipped with CMOS image sensors and can take burst and time-lapse images while also capturing high-definition footage.
As these cameras are meant to capture those extreme events, they are often fixed to helmets, surfboards, or handlebars, and are widely adopted for sport events such as bungee jumping and wingsuit riding. Different variance of cameras are used to catch specific viewpoints, such as a helmet camera that offers the actor’s viewpoint in tandem with a second camera mounted to the rider’s environment such as a board, wing, handlebar, or forearm.
Additionally, these cameras are designed to take footage from a first-person viewpoint and also giving audiences a unique perspective on sports events such as surfing, rock climbing, and skiing. Factors such as lightweight, portable, and smaller sizes and forms, which can be applicable for a variety of situations present key aspects for the wide adoption of the cameras across events. Besides having a long battery life, the devices can capture high resolution image and allow to film crystal-clear footage. With these reasons, the demand for action cameras are increasingly growing on the global market.
Market Trends, Drivers, Restraints, and Opportunities
- Advancements of technology in consumer electronics such as the incorporation of artificial intelligence (AI) and virtual reality (VR) techniques in cameras are key drivers for the market expansion.
- Wide adoption of action cameras from professional players engaging in extreme activities as well as outdoor event experiences are expected to boost the market.
- Availability of Wi-Fi compatibility and smartphone app compatibility are two key features development that drive the demand for the cameras. This is projected to fuel the market expansion.
- Complexity in the handling of the devices and high cost of the products are key challenges that can hamper the market growth during the forecast period.
- Increasing number of organizing outdoor events globally and rising participation from a large number of population in various extreme actions are projected to create several opportunities for the market players.
Scope of Action Camera Market Report
The report on the global action camera market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes
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Details
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Report Title
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Action Camera Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2020
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Historic Data
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2018–2019
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Forecast Period
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2021–2028
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Segmentation
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Resolutions (Ultra HD, Full HD, HD, and Standard Resolution), Distribution Channels (Online and Retail), Applications (Sports, Recreational Activities, Emergency Services, and Others), and End-users (Personal and Professional)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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GoPro, Inc., Sony Corporation, Nikon Corporation, Garmin Ltd., SJCAM, YI Technology, SZ DJI Technology Co., Ltd., and Drift Innovation
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Action Camera Market Segment Insights
Ultra HD segment is expected to exhibit at a rapid pace
Based on resolutions, the global action camera market is divided into Ultra HD, Full HD, HD, and standard resolution. The Ultra HD segment is projected to exhibit a high CAGR during the forecast period due to rising demand for high definition and quality resolution image cameras for various outdoor events. Rising consumers’ preference for shooting videos or images in 4K/UHD over 1080p or 720p to capture a high-resolution footage is a key factor driving the segment growth.
Retail segment is anticipated to hold a key market share
On the basis of distribution channels, the market is bifurcated into online & retail. The retail segment held a major revenue share in 2020 and is anticipated to hold a key share of the market in the coming years. Customers’ inclination towards evaluating the device features and testing the devices in person before buying the products act as key drivers for the segment growth. Availability of a variety of different cameras and increasing enlisting of cameras in consumer electronic items section in retail shops are other major factors driving the segment.
Recreational segment is expected to exhibit a robust CAGR
Based on applications, the global action camera market is divided into sports, recreational activities, emergency services, and others. The recreational segment is expected to exhibit a robust CAGR during the forecast period owing to wide adoption of the camera for recreational activities. Increasing demand for the devices from cyclists, bikers, and skiing players indulging in extreme outdoor activities is a major driver boosting the segment growth.
Professional segment is projected to constitute a large share
On the basis of end-users, the market is segmented into personal and professional. The professional segment is projected to constitute a large share of the market in the coming years owing to rising number of professional players for extreme and daring outdoor sports and activities. On the other hand, the personal segment is anticipated to register a healthy growth rate during the forecast period owing to rising individuals adopting the action cameras for their recreational and leisure activities.
North America to account for a key market share
In terms of regions, the global action camera market is classified as North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. North America is expected to account for a key market share in the coming years owing to high disposable income among a large number of the population and growing popularity of outdoor sports such as bungee jumping, skydiving, and paragliding.
Adventure sports media coverage is a booming industry in the US, which push to rise in the demand for advanced cameras with large storage capacities. In addition, the change in customer preferences from digital to action cameras especially in the US is a significant factor driving the regional market.
Segments
The global action camera market has been segmented on the basis of
Resolutions
- Ultra HD
- Full HD
- HD
- Standard Resolution
Distribution Channels
End-users
Applications
- Sports
- Recreational Activities
- Emergency Services
- Others
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
Competitive Landscape
Key companies that are competing in the global action cameras are GoPro, Inc., Sony Corporation, Nikon Corporation, Garmin Ltd., SJCAM, YI Technology, SZ DJI Technology Co., Ltd., and Drift Innovation. These companies are successfully developing new camera models at cheap prices to expand their portfolio products and customer base.
Table Of Content
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Action Camera Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Action Camera Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Action Camera Market - Supply Chain
4.5. Global Action Camera Market Forecast
4.5.1. Action Camera Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Action Camera Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Action Camera Market Absolute $ Opportunity
5. Global Action Camera Market Analysis and Forecast by Applications
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Applications
5.2.2. Y-o-Y Growth Projections by Applications
5.3. Action Camera Market Size and Volume Forecast by Applications
5.3.1. Sports
5.3.2.
Recreational Activities
5.3.3.
Emergency Services
5.3.4.
Others
5.4. Absolute $ Opportunity Assessment by Applications
5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global Action Camera Market Analysis and Forecast by End Users
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by End Users
6.2.2. Y-o-Y Growth Projections by End Users
6.3. Action Camera Market Size and Volume Forecast by End Users
6.3.1. Personal
6.3.2.
Professional
6.4. Absolute $ Opportunity Assessment by End Users
6.5. Market Attractiveness/Growth Potential Analysis by End Users
7. Global Action Camera Market Analysis and Forecast by Region
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Region
7.2.2. Y-o-Y Growth Projections by Region
7.3. Action Camera Market Size and Volume Forecast by Region
7.3.1. North America
7.3.2. Latin America
7.3.3. Europe
7.3.4. Asia Pacific
7.3.5. Middle East and Africa (MEA)
7.4. Absolute $ Opportunity Assessment by Region
7.5. Market Attractiveness/Growth Potential Analysis by Region
7.6. Global Action Camera Demand Share Forecast, 2019-2026
8. North America Action Camera Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.2. North America Action Camera Market Size and Volume Forecast by Country
8.2.1. U.S.
8.2.2. Canada
8.3. Absolute $ Opportunity Assessment by Country
8.4. North America Action Camera Market Size and Volume Forecast by Applications
8.4.1. Sports
8.4.2.
Recreational Activities
8.4.3.
Emergency Services
8.4.4.
Others
8.5. Basis Point Share (BPS) Analysis by Applications
8.6. Y-o-Y Growth Projections by Applications
8.7. North America Action Camera Market Size and Volume Forecast by End Users
8.7.1. Personal
8.7.2.
Professional
8.8. Basis Point Share (BPS) Analysis by End Users
8.9. Y-o-Y Growth Projections by End Users
8.10. Market Attractiveness/Growth Potential Analysis
8.10.1. By Country
8.10.2. By Product Type
8.10.3. By Application
8.11. North America Action Camera Demand Share Forecast, 2019-2026
9. Latin America Action Camera Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Latin America Average Pricing Analysis
9.2. Latin America Action Camera Market Size and Volume Forecast by Country
9.2.1. Brazil
9.2.2. Mexico
9.2.3. Rest of Latin America
9.3. Absolute $ Opportunity Assessment by Country
9.4. Latin America Action Camera Market Size and Volume Forecast by Applications
9.4.1. Sports
9.4.2.
Recreational Activities
9.4.3.
Emergency Services
9.4.4.
Others
9.5. Basis Point Share (BPS) Analysis by Applications
9.6. Y-o-Y Growth Projections by Applications
9.7. Latin America Action Camera Market Size and Volume Forecast by End Users
9.7.1. Personal
9.7.2.
Professional
9.8. Basis Point Share (BPS) Analysis by End Users
9.9. Y-o-Y Growth Projections by End Users
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.11. Latin America Action Camera Demand Share Forecast, 2019-2026
10. Europe Action Camera Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Europe Average Pricing Analysis
10.2. Europe Action Camera Market Size and Volume Forecast by Country
10.2.1. Germany
10.2.2. France
10.2.3. Italy
10.2.4. U.K.
10.2.5. Spain
10.2.6. Russia
10.2.7. Rest of Europe
10.3. Absolute $ Opportunity Assessment by Country
10.4. Europe Action Camera Market Size and Volume Forecast by Applications
10.4.1. Sports
10.4.2.
Recreational Activities
10.4.3.
Emergency Services
10.4.4.
Others
10.5. Basis Point Share (BPS) Analysis by Applications
10.6. Y-o-Y Growth Projections by Applications
10.7. Europe Action Camera Market Size and Volume Forecast by End Users
10.7.1. Personal
10.7.2.
Professional
10.8. Basis Point Share (BPS) Analysis by End Users
10.9. Y-o-Y Growth Projections by End Users
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.11. Europe Action Camera Demand Share Forecast, 2019-2026
11. Asia Pacific Action Camera Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Asia Pacific Average Pricing Analysis
11.2. Asia Pacific Action Camera Market Size and Volume Forecast by Country
11.2.1. China
11.2.2. Japan
11.2.3. South Korea
11.2.4. India
11.2.5. Australia
11.2.6. Rest of Asia Pacific (APAC)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Asia Pacific Action Camera Market Size and Volume Forecast by Applications
11.4.1. Sports
11.4.2.
Recreational Activities
11.4.3.
Emergency Services
11.4.4.
Others
11.5. Basis Point Share (BPS) Analysis by Applications
11.6. Y-o-Y Growth Projections by Applications
11.7. Asia Pacific Action Camera Market Size and Volume Forecast by End Users
11.7.1. Personal
11.7.2.
Professional
11.8. Basis Point Share (BPS) Analysis by End Users
11.9. Y-o-Y Growth Projections by End Users
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.11. Asia Pacific Action Camera Demand Share Forecast, 2019-2026
12. Middle East & Africa Action Camera Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Middle East & Africa Average Pricing Analysis
12.2. Middle East & Africa Action Camera Market Size and Volume Forecast by Country
12.2.1. Saudi Arabia
12.2.2. South Africa
12.2.3. UAE
12.2.4. Rest of Middle East & Africa (MEA)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Middle East & Africa Action Camera Market Size and Volume Forecast by Applications
12.4.1. Sports
12.4.2.
Recreational Activities
12.4.3.
Emergency Services
12.4.4.
Others
12.5. Basis Point Share (BPS) Analysis by Applications
12.6. Y-o-Y Growth Projections by Applications
12.7. Middle East & Africa Action Camera Market Size and Volume Forecast by End Users
12.7.1. Personal
12.7.2.
Professional
12.8. Basis Point Share (BPS) Analysis by End Users
12.9. Y-o-Y Growth Projections by End Users
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.11. Middle East & Africa Action Camera Demand Share Forecast, 2019-2026
13. Competition Landscape
13.1. Global Action Camera Market: Market Share Analysis
13.2. Action Camera Distributors and Customers
13.3. Action Camera Market: Competitive Dashboard
13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
13.4.1. GoPro, Inc.
13.4.2.
Sony Corporation
13.4.3.
Nikon Corporation
13.4.4.
Garmin Ltd.
13.4.5.
SJCAM
13.4.6.
YI Technology
13.4.7.
SZ DJI Technology Co., Ltd.
13.4.8.
Drift Innovation