Share
Action Camera Market Size, Share, and Analysis, By Resolution (Ultra HD, Full HD, HD, Standard Resolution), By Distribution Channel (Online, Retail), By Application (Sports, Recreational Activities, Emergency Services, Others), By End User (Personal, Professional) and Regional Forecasts, 2022-2032
Action Camera Market size was USD 4.17 billion in 2021 and projected to grow from USD 5.7 billion in 2023 to USD 22.7 billion by 2032, exhibiting a CAGR of 16.7% during the forecast period.
Action cameras aka action cams are digital cameras mainly designed for capturing action while being immersed. These type of cameras are usually rugged, compact, and waterproof at any given surface level. They normally employ CMOS image sensors that proficiently record high-definition video besides clicking images in burst and time-lapse modes. One of their common features is slow-motion video recording at 240 or 120 fps.
Action Camera Market is expected to reach USD 22.7 billion, growing at a CAGR of 16.7% during the forecast period owing to growing viewers of video content, expanded use of smartphones, availability of low-cost data, and growing internet penetration. Also, the rising participation of youngsters in creating video content to gain fame on various social media platforms like Facebook, Instagram, Tik-Tok, and YouTube are expected to boost the growth of Action Camera Market over the forecast period.
Action Camera Market is classified based on the Resolution into Ultra HD, Full HD, HD, and Standard Resolution. The High Definition (HD) segment held a major market share and is estimated to continue dominance in future as well. The HD action cameras are compact and portable cameras offering wide-angle lenses. They enable users to capture images and movies of the desired quality. The Ultra HD category is anticipated to develop the fastest. The increase in professional demand is a major contributor to the segment's growth. Also, owing to the sophisticated functions included in the top-tier action cameras, the adoption of actionable cameras is expanding commercially.
Action Camera Market is classified based on the Application into Sports, Recreational Activities, Emergency Services, and Others. The Sports segment registered a major market share in 2022 and will lead in the coming years as well. The expanding global demand for action cameras is being driven by the increasing popularity of sports like riding, skiing, skydiving, racing, climbing, surfing, skateboarding, and more, and the habit of videography. In addition, a growing number of sports leagues like Cricket and Football, are anticipated to drive the product demand in the sports market.
Rising Popularity of Action Cameras in Growing Number of Uses are Expected to Boost the Market Growth
The main factors boosting the Action Camera Market are the rise in holidays, sporting events, music festivals, and seasonal cycles. The global Action Camera Market is also rising as action cameras become more and more common in both professional and outdoor activities. Contrarily, technological developments in consumer electronics domain like the inclusion of Al and VR methods in cameras, are significantly boosting the market growth.
Increasing Number of Sports Enthusiasts and Attractive Features of Action Cameras are Expected to Boost the Market Growth
Significant increase in the number of adventurers and sports fans throughout the world is having an effect on the rise of the global Action Camera Market. The criteria for photography are accurately met by actions cameras since they are light, portable, and available in a unique designs and sizes and designs that often work in any setting. Moreover, the camera's 4k resolution and superb image quality allow the capturing of crystal-clear videos. Ruggedness and a long battery life are two more key attributes that help the market grow.
Increasing Use of Smartphones (Substitute) and Growing R&D in Mobiles for Better Quality Cameras to Restrain the Market Growth
The market growth is expected to be constrained by the development of smartphones having high-quality cameras, their longer life cycles, and expensive prices of action cameras. There are several smartphones with high-quality cameras on the market. It is envisaged that ongoing R&D would lead to the creation of cellphones with significantly higher quality. Also, mobile phones are more budget-friendly than action cameras.
Action Camera Market is segmented based on regional analysis into five major regions: North America, Latin America, Europe, Asia Pacific and the Middle East and Africa. North America owned a majority of the market share in the past years. This is due to the earlier adoption of newer technology. In addition, there are now a lot more content creators who specialize in creating action and adventure-related content. As per forecast, Europe will account for the second-largest share for Action Cameras Market. The region's increasing number of independently owned brand shop brands would help in the growth of the sector in the coming years.
Action camera sales were significantly disturbed by the COVID-19 pandemic. Due to stringent lockdowns enforced in some countries and the cessation of travel and adventure sports, the demand and use of action cameras was low in all regions at the beginning of 2020. To stop the spread of the disease, businesses temporarily stopped producing cameras and accessories. Action camera firms worldwide were negatively impacted by the implementation of strict lockdowns and the temporary suspension of leisure and sporting activities like rafting, mountaineering, skiing, boating, and underwater sports.
|
ATTRIBUTE |
DETAILS |
|
Study Period |
2018-2032 |
|
Base Year |
2022 |
|
Forecast Period |
2022-2032 |
|
Historical Period |
2019-2021 |
|
Growth Rate |
CAGR of 16.7% from 2022-2032 |
|
Unit |
Value (USD Billion) |
|
Segmentation |
Main Segments List |
|
Resolution |
|
|
Distribution Channel |
|
|
Application |
|
|
End User |
|
|
By Region |
|
Action Camera Market size was estimated at USD 4.17 billion in 2021 and is expected to reach USD 22.7 billion in 2032.
Action cameras aka action cams are digital cameras mainly designed for capturing action while being immersed. These type of cameras are usually rugged, compact, and waterproof at any given surface level.
Ultra HD and Sports segments accounted for the largest Action Camera Market share.
Key players: Panasonic Corporation, Sony Corporation, Garmin Ltd., Nikon Corporation, SZ DJI Technology Co. Ltd., TomTom, Eastman Kodak Company, GoPro Inc., YI Technology, Insta360, Rollei GmbH & Co. KG, Akaso, Smartprix, SJCAM, Drift Innovation, and Other Prominent Players are the key players in the Action Camera Market.
Rising number of platforms for short videos and growing popularity of different social medias are the factors driving the Action Camera Market.
Select License Type
Select License Type
FATPOS CLIENT Appriciation DURING THE PROJECT
Working with Fatpos Global, allowed us to take advantage of their knowledge and easy approach, allowing us to collect important data utilizing a variety of techniques. The results were clearly presented and explained, and FG responded to our questions with speed and expertise.
|
Swiss-based global building materials manufacturer |
The analyses and presentations Fatpos Global have produced for us have been of a very high caliber and have allowed us to proactively improve our customer relationship management. They have also done so while maintaining complete anonymity. Without any doubt, we suggest Fatpos Global to you.
|
|
Tech-powered construction company |
We appreciate the team’s punctuality, flexibility in terms of report modification, post report purchase support and pleasant reaction all around. Overall, my experience with this company was nothing but positive, and I couldn't be more grateful for their excellent service. Thank you for all that you do!
|
|
American global management consulting firm |
We are able to concentrate on the topics and implications that are most important to our clients thanks to the adaptability and responsiveness of the team at Fatpos Global. We would highly recommend this company to anyone in need of their services, and I will certainly be using them again in the future.
|
|
Headquartered in Zug, Switzerland, leading supplier of medical and surgical instrument |
To better study our client demographics, develop the ideal product-price architecture, and enhance our target marketing initiatives, we hired Fatpos Global. Every component of the project was completed, and we are very happy with the useful insights and actionable results.
|
|
Kosovan company, A leading organic fertilizers producer |
Thank you for your team's generous assistance, The final report was delivered to me, and I find it to be really helpful. Also, you may be sure that I will get in touch with you if I ever require fresh materials for market research. Gratitude once more.
|
|
German specialty chemicals company based in Cologne, Germany |
