$ 2.02 Billion growth expected in Action Camera Market | 10.70% YOY growth in 2021 amid COVID-19 Spread | North America to Notice Maximum Growth | Technavio
NEW YORK, May 4, 2021 /PRNewswire/ -- The global action camera market by technology (ultra HD and HD), end-user (commercial and residential), distribution channel (online and offline), and geography (North America, Europe, APAC, South America, and MEA) has been added to Technavio's offering. The global action camera market is expected to grow by USD 2.02 billion. However, the growth momentum is expected to decelerate at a CAGR of over 10% during 2021-2025.
The imposition of lockdowns negatively affected and delayed the manufacturing of action cameras, which, in turn, hampered their sales in 2020. However, the market is expected to recover in 2021 with the implementation of social distancing measures and the increased availability of action cameras in online distribution channels.
The market is expected to be driven by factors such as the growing popularity of social networking sites, the increasing popularity of action cameras, and the high growth in adventure tourism.
The report also offers information on the upcoming trends and challenges that will influence market growth.
Action Camera Market: Opportunities
Action Camera Market: Segmentation by Technology
Action Camera Market: Segmentation by Geography
One of the fortune 500 companies had used the detailed research report on the action camera market and had decided to increase their market share in the North American region which offers the highest market opportunities during the forecast period.
Explore more about market opportunities: Enquire about the report before purchasing
Action Camera Market: Major Vendors
C&A Marketing Inc.
Along with the market data, Technavio offers customizations as per the specific needs of companies. The following customization options are available for the action camera market report:
Market Player Information
Related Reports on Action Camera Market:
Global Digital Camera Market – Global digital camera market is segmented by type (digital single-lens reflex (DSLR) cameras, compact digital cameras, bridge compact digital cameras, and mirrorless interchangeable lens cameras) and geography (APAC, North America, Europe, MEA, and South America).
Global Underwater Camera Market – Global underwater camera market is segmented by End-user (Residential and Commercial), Geography (North America, Europe, APAC, MEA, and South America), and Distribution Channel (offline and online).
Global Camera Accessories Market – Global camera accessories market is segmented by distribution channel (online and offline), type (lenses, bags and cases, tripods, batteries and chargers, and others), and geography (APAC, Europe, MEA, North America, and South America).
Global 360-degree Camera Market – Global 360-degree camera market is segmented by end-user (professional and non-professionals), application (filmmaking, events, and others), and geography (North America, Europe, APAC, South America, and MEA).
Global Digital Broadcast and Cinematography Cameras Market – Global digital broadcast and cinematography cameras market is segmented by product (ENG cameras, Cinema cameras, and EFP cameras) and geography (North America, Europe, APAC, South America, and MEA).
Five Forces Analysis
Market Segmentation by Technology
Market Segmentation by End-user
Market Segmentation by Distribution channel
View original content to download multimedia:http://www.prnewswire.com/news-releases/-2-02-billion-growth-expected-in-action-camera-market--10-70-yoy-growth-in-2021-amid-covid-19-spread--north-america-to-notice-maximum-growth--technavio-301283135.html
Keynote Presentation - Eric Burger, Former FCC CTO
Networking LIVE! Reception - On the Amazing Spacious Seaside Patio of the Loews Miami Beach Resort