Wearable cameras are considered as an addition of the smartphone camera which enables hands-free function, thus allowing users to take pictures with the support of both body and head mounts. In the present scenario, the wearable camera market includes the cameras that are majorly used for adventure and sports activities, public safety, and consumer applications. Sports and fitness are one of the biggest divisions of the wearable camera market.
MARKET SCOPE
The "Global Wearable Camera Market Analysis to 2028" is a specialized and in-depth study with a special focus on the global market trend analysis. The report aims to provide an overview of the wearable camera market with detailed market segmentation by type, application, and geography. The report provides key statistics on the market status of the leading wearable camera market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on type, the global wearable camera market is segmented head-mounted wearable cameras, wrist wearable cameras, eye wear integrated, cloth clipping wearable cameras, and others.
- On the basis of application, the market is segmented into healthcare, sports, defense, and others.
MARKET DYNAMICS
Drivers:
- The wearable camera market is anticipated to grow owing to driving factors including innovative usage of cameras for capturing personal experience and increasing professional applications supporting attractiveness of wearable cameras market.
- Increasing use of different social media sites and apps and advancement of Internet accessibility have encouraged users to adopt the wearable camera technology which is further expected to provide opportunities for wearable camera market to grow in the future.
Restraints
- High cost of these cameras is hindering the growth of the market.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The wearable camera market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the wearable camera market in these regions.
IMPACT OF COVID-19 ON WEARABLE CAMERA MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the wearable camera market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from wearable camera market are anticipated to lucrative growth opportunities in the future with the rising demand in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the wearable camera market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Axon Enterprise, Inc.
- Digital Ally Inc.
- Drift Innovation Ltd
- GoPro, Inc.
- iON America, LLC
- Xiaomi
- PINNACLE RESPONSE LTD
- Sony Corporation
- VIEVU LLC
- YI Technology
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.