Action Camera Market Research Report by Forecast to 2023
Summary The influential factors contributing towards the growth of the global action camera market are the growing usage of smart gadgets, thriving consumer electronics industry, and the rising trend of sharing content online on social networking websites. The incessant advancement in the consumer electronics industry has led to the reduction of numerous devices contrary to previous-generation devices. The usage of social media websites as platforms for many promotional and marketing activities such as marketing by online distribution live videos and pictures is growing. action camera market size the implementation of social media is growing among individuals from developed developing countries, and even in slow-development regions such as Nigeria, Jordan, Lebanon, Kenya, and others. On the other hand, the rising adoption of smartphones having high-end cameras is a limitation to market growth over the assessment period.
Action Camera Market Research Report by Forecast to 2023
Major Key Players: • • • • • • • • •
Drift (U.S.) Garmin (U.S.) GoPro (U.S.) iON (U.S.) Rollei (Germany) Sony (Japan) TomTom (Netherlands) Olympus (Japan) Veho (England)
Segmentation: • • •
Based on the technology, the global action camera is sub-segmented into full HD, HD, Ultra HD, and SD. Based on the distribution channel, the market for action cameras is sub-segmented into online and brick & mortar stores Based on the end user, the action camera market is bifurcated into personal and professional
Regional Analysis: The The global market for action cameras is segmented on the basis of region, into Europe, Asia Pacific, North America, and the rest of the world. North America is likely to lead the global action camera market with a CAGR of 11.16% over the forecast period. Asia-Pacific is estimated to account for the second-largest market and display the highest CAGR of 17.39% over the review period. The market in Europe is projected to register a 15.13% CAGR in the
