TMCnet News
The Worldwide Action Camera & Accessories Industry is Expected to Reach $6.58 Billion by 2027DUBLIN, Aug. 4, 2021 /PRNewswire/ -- The "Action Camera & Accessories Market by Product Offering, Technology, Frame Rate, Distribution Channel, End User, and Application - Global Forecast to 2027" report has been added to ResearchAndMarkets.com's offering. The action camera & accessories market is expected to grow at a CAGR of 13.5% from 2020 to 2027 to reach $6.58 billion by 2027. In terms of volume, the action cameras market is estimated to grow at a CAGR of 12.1% from 2020 to 2027 to reach 29.9 million units by 2027 from 13.4 million units in 2020. Based on technology, the market is segmented into full HD, ultra HD, and SD. The ultra HD segment is estimated to grow at the highest CAGR from 2020 to 2027 in terms of revenue and volume. The growth is attributed to the introduction of cameras with 4K HD resolution that captures clear images & stabilized videos while performing high-speed activities. The companies are launching new cameras to meet the consumer demand related to high stabilization & connectivity to editing applications. The market growth is witnessed in recent years due to the increased adoption of high cost and ultra HD cameras by online content creators and bloggers as they have the requirement for highly efficient cameras. Based on application, the market comprises sports, travel & tourism, recreational activities, entertainment & media, automotive, emergency services, and other applications. In 2020, the sports segment accounted for the largest share of the market in terms of revenue and volume. Adopting full HD & ultra HD and high frame rate cameras in the adventure sports applications to record uninterrupted videos drives the market growth. An in-depth analysis of the action camera & accessories market's geographical scenario provides detailed qualitative and quantitative insights about the five major geographies (North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa) with the coverage of major countries in each region. North America commanded the largest share in terms of revenue and volume of the action camera & accessories market in 2020, followed by Europe, Asia Pacific, Latin America, and the Middle East &Africa. The key players operating in the action camera & accessories market include GoPro, Inc. (U.S.), Sony Corporation (Japan), Insta360 (Arashi Vision Inc.) (China), SJCAM (China), JVCKENWOOD Corporation (Japan), TomTom International BV (Netherlands), Garmin Ltd. (U.S.), SZ DJI Technology Co., Ltd. (China), Drift Innovation (U.K.), YI Technology (China), Eastman Kodak Company (U.S.), Nikon Corporation (Japan), Rollie (Germany), Panasonic Corporation (Japan), and Xiaomi (China). Key Topics Covered: 1. Introduction 2. Research Methodology 3. Executive Summary 4. Market Insights 4.1 Introduction 4.2 Market Dynamics 4.2.1 Drivers 4.2.1.1 Growing adoption of action cameras in adventure sports 4.2.1.2 Increasing trend of travel blogging across the globe 4.2.2 Restraints 4.2.2.1 Availability of high resolution & wide-angle cameras in smartphones 4.2.3 Opportunities 4.2.3.1 Rising demand for advanced action cameras across the automotive sector 4.2.4 Challenges 4.2.4.1 Data security concerns 4.3 COVID-19 Impact Analysis 4.4 Porters Five Forces Analysis 5. Action Camera & Accessories Market, by Product Offering 5.1 Introduction 5.2 Action Cameras 5.3 Action Camera Accessories 5.3.1 Batteries 5.3.2 Mounts 5.3.3 Mods 5.3.4 Protectors 5.3.5 Other Accessories 6. Action Camera Market, by Technology 6.1 Introduction 6.2 Full HD 6.3 Ultra HD 6.4 SD 7. Action Camera Market, by Frame Rate 7.1 Introduction 7.2 31-60 fps 7.3 15-30 fps 7.4 61-120 fps 7.5 121-240 fps 8. Action Camera Market, by Distribution Channel 8.1 Introduction 8.2 Online 8.3 Offline 9. Action Camera Market, by End User 9.1 Introduction 9.2 Personal 9.3 Professional 10. Action Camera Market, by Application 10.1 Introduction 10.2 Sports 10.3 Travel & Tourism 10.4 Recreational Activities 10.5 Entertainment & Media 10.6 Automotive 10.7 Emergency Services 10.8 Other Applications 11. Action Camera & Accessories Market, by Geography 11.1 Introduction 11.2 North America 11.2.1 U.S. 11.2.2 Canada 11.3 Europe 11.3.1 U.K. 11.3.2 Germany 11.3.3 France 11.3.4 Italy 11.3.5 Spain 11.3.6 Switzerland 11.3.7 Russia 11.3.8 RoE 11.4 Asia Pacific 11.4.1 China 11.4.2 Japan 11.4.3 South Korea 11.4.4 India 11.4.5 Australia 11.4.6 Singapore 11.4.7 RoAPAC 11.5 Latin America 11.5.1 Brazil 11.5.2 Mexico 11.5.3 RoLATAM 11.6 MEA 11.6.1 UAE 11.6.2 Saudi Arabia 11.6.3 South Africa 11.6.4 RoMEA 12. Competitive Landscape 12.2.1 Market Share Analysis of Top Players 12.2.2 Competitive Growth Strategies 12.2.1. Partnerships, Agreements, and Collaborations 12.2.2 Acquisitions 12.2.1. New Product Launches 12.2.3 Expansions 13. Company Profiles (Business Overview, Financial Overview, Product Portfolio, Strategic Developments) 13.1 GoPro, Inc. 13.2 Sony Corporation 13.3 Garmin Ltd. 13.4 SZ DJI Technology Co., Ltd. 13.5 TomTom N.V. 13.6 YI Technology 13.7 JVC Kenwood Corporation 13.8 Insta360 (Arashi Vision) 13.9 Drift innovation Ltd. 13.10 SJCAM 13.11 Eastman Kodak Company 13.12 Nikon Corporation 13.13 Rollei 13.14 Panasonic Corporation 13.15 Xiaomi 14. Appendix For more information about this report visit https://www.researchandmarkets.com/r/1buzuo Media Contact: For E.S.T Office Hours Call +1-917-300-0470 U.S. Fax: 646-607-1904 View original content:https://www.prnewswire.com/news-releases/the-worldwide-action-camera--accessories-industry-is-expected-to-reach-6-58-billion-by-2027--301348423.html SOURCE Research and Markets |