Global action camera market Industry Trends, Estimation & Forecast, 2018 - 2027

1. Global action camera market Industry Trends, Estimation & Forecast, 2018 - 2027 An action camera is a small camera, which can be mounted on helmets, motorcycles, cars, surfboards, and other objects to capture images in high definition and in a wide-angle perspective. Extreme sports events, holidays, seasonal cycles, and music festivals are the key factors driving the demand for action cameras across the globe. The rising popularity of action cameras in the professional activities along with outdoor adventures is also fueling the demand for action cameras.The rise in the number of adventurists and sports enthusiasts across the globe as travel and exploration has been a major trend. The Actions cameras fulfill the photography needs as they are lightweight, compact and come in a variety of size and shapes that normally suits any environmental conditions. The action cameras majorly attached to surfboards, handlebars, and helmets, and are also an integral part of extreme sports such as wing-suit flying and base jumping. The popularity of social networking sites and technological advancements in electronics are the major drivers in the global action camera market.The major factors driving the global action camera market include the rising popularity and user-base of social networking sites such as Twitter, Facebook, and Instagram, the trend of sharing photos and videos with followers and friends, and the increasing number of vendors in the market.

2. “Global action camera Market was valued at USD 3.4 billion in 2018 and it is expected to reach more than USD xx billion by 2025, likely to grow at a CAGR of 15.3% during the forecast period.” To request a sample copy or view summary of this report, click the link below: https://www.bizizzmarketresearch.com/sample/global-action-camera-market The sports application segment is projected to capture major industry share over the forecast period. An increase in the number of sports enthusiasts such as surfing, skiing, skateboarding, climbing, skydiving, biking, bicycle, and racing, among other sports is further propelling the market demand. While the retail channels hold the largest share of the action camera market as consumers prefer checking the equipment and its features in person. The growing need for channel partners in order to streamline sales strategy exhibits a great impact on the business. Also, retail business involves high customer retention owing to aftermarket service at a nominal charge. The retail channels may also have a mix of accessories and cameras or deal individually in both segments. Europe is anticipated to gain significant traction in the global market as several big players are launching their products mainly for European markets. For instance, Motorola One Action launched a 117-degree wide action camera in August 2019 North America to dominate the action camera market during the forecast period.IT is expected to hold a significant market value share in the global action camera market. The market is anticipated to register a CAGR of xx% throughout the forecast period. The growth in the population of sports enthusiasts, availability of technologically advanced and latest product varieties with easy access to high spending connection are the key factors making North America the leading regional market for action cameras. Some of the major players in action camera market are GoPro, Garmin, iON, Sony, Panasonic, Drift, Polaroid, Rollei, Contour, JVC Kenwood, and Veho.These companies are effectively launching new products with low costs for their customers to strive in the competitive market of an action camera. Impact of COVID-19 on Economy, Industry and Company The emergence of novel coronavirus has affected the global economy, industry dynamics and company’s top line. The entire ecosystem has to suffer the impact of this pandemic disease which would result in demand & supply gap, production delay and weak consumer demand of end products across industries.

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