Global Wearable Camera Market Overview
Modernization and penetration of social networking sites changed the way of using cameras. Wearable camera allows capturing moments related to adventure, sports, functions, etc. due to availability of hands-free functionality.
Technological advancements in camera technology offer the advantages in terms of camera quality and durability of wearable cameras. Increase in funding in research and development will raise the popularity of wearable camera among the population. Increasing urbanization across the globe and growing preference of consumer towards wearable devices and rise in adoption of advanced and high quality cameras are likely to spur the demand for wearable camera in near future.
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Moreover, importance of wearable camera is growing in healthcare industries and government organizations. Growing trend of wearable camera among the youth is driving the growth of wearable camera market. Wide-scale applications and numerous wearable camera options such as body worn, cloth clipping cameras are some of the vital features of wearable camera which are expected to establish importance in various end use industries.
Market size and forecast
The global wearable camera market is anticipated to account for USD 3.8 Billion by 2023 by registering a promising CAGR over the forecast period i.e. 2016-2023. The wearable camera shipments are expected to increase from 5.8 Million in 2015 to 33.2 Million by 2023 on account of rising adoption of wearable cameras in sports and adventure field.
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Regionally, Europe is expected to showcase a tremendous growth in the market of wearable cameras across the globe in near future. The market is driven by rising installation of wearable cameras on federal security forces for public safety. Factors such as government initiatives towards public safety and increasing adoption of wearable cameras in sports such as sky diving; mountain cycling, etc. are expected to boost the demand for wearable camera over the forecast period i.e. 2016-2023.
The key players of wearable camera market as follows:
Scope and Context
The major highlights of the market study include:
- The growth opportunities as well as challenges faced by the industry players are discussed in detail in the report.
- A number of visually appealing graphs and tables are used in the report which make it easy to comprehend and assess the data and statistics.
- Financials of the key players in the industry are analyzed including the overall revenue, profit margins, sales and production cost. The analytical tools such as Porter’s five forces analysis and value chain analysis are used as well in order to give the clients an idea of the various business strategies adopted by the market leaders.
- The segmentation of the market is done on the basis of Product Type, Regions, Top Key Players, and Applications. The Wearable Camera Market study offers the market size, share and growth rate of each segment accompanied by a detailed analysis of the segment holding the largest market share.
- The data collection for this report is done through both primary and secondary research methodologies in order to ensure accurate statistics.
- For the geographical analysis, this report covers various regions which consist of:
- North America (U.S. & Canada)
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America)
- Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe)
- Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific)
- Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa)
- The exhaustive study of Wearable Camera Market in the stated regions evaluates the present status of the industry along with consumption ratios and the target consumer base. Further, the Y-o-Y growth (%) and revenue (in USD Million) are mentioned for each segment in the report along with the factors driving the market growth.
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