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Global Action Camera Market Is Expected To Reach USD 9,382.5 Million By 2023

Press release   •   Jul 22, 2019 12:52 IST

Global Action Camera Market Is Expected To Reach USD 9,382.5 Million By 2023

A new research report titled "Global action camera market" successfully exhibits the complete scenario of the global and an individual analysis of the various regional segments.

“Global action camera market” provides, wherever applicable and relevant, technical data of products, and sheds useful light on expected commercial production dates and current R&D status. This report will help the viewer in Better Decision Making.

This report provides an analysis of the latest trends in the industries in each sub-segment between 2017 and 2023 and forecasts revenue growth around the globe, the regional and the country levels. The research covers drivers and restraints of the worldwide action camera market. The effect of these drivers and limitations on action camera demand during the forecast period is also discussed. The study also shows worldwide and regional possibilities in the action camera market. For this research, we have segmented the action camera market report into a type, application/end-user and regional segment.

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This study offers a thorough assessment of price trends, government regulatory scenarios, value chain analysis, and major market players that offers an overview of the action camera industry worldwide. In order to help comprehend a competitive landscape on the market, Porter’s 5 Forces model for action camera is also included. The research includes market attraction assessment, in which different segments are evaluated in accordance with their market size, growth rate and overall appeal.

The market is studied for regions such as North America (U.S. and Canada), Europe (U.K., Germany, France, Spain, Italy and Rest of Europe), Asia Pacific (China, Japan, India, South Korea, Australia, and Rest of Asia Pacific), Latin America (Mexico, Brazil, ,and Rest of Latin America) and Middle East & Africa (GCC, South Africa, and Rest of Middle East & Africa).

Action cameras are lightweight, compact, and portable devices used to shoot pictures and videos. The factors driving the growth of the global action camera market include increasing use of smart gadgets, and booming consumer electronics industry and growing trend of sharing content on social networking websites. The continuous advancement in the consumer electronics industry has led to the miniaturization of various devices contrary to previous generation devices. The camera segment of consumer electronics has witnessed evolution in terms of product size, quality, and efficiency. The use of social media as a platform for various promotional and marketing activities marketing, by sharing live videos and pictures is increasing. Currently, the adoption of social media is increasing even among individuals from developing countries such as Jordan, Nigeria, Kenya, Lebanon, and others. However, rising in adoption of smartphones having high-end camera is a restraint to market players.
In 2018, North America dominated the global market; the regional market was valued at USD 1,892.0 million and is expected to register a CAGR of 11.16% during the forecast period. However, the market in Asia-Pacific is expected to be the fastest-growing at the highest CAGR of 17.39% during the review period. 

The global action camera market has been segmented on the basis of type, technology, distribution channel, end-user, and region. By type, the market is segmented into box style, cube style, bullet style, and periscope and 360 degree. Based on technology, the market is segmented into full HD, ultra HD, HD, and SD. By distribution channel, the market is segmented into online and brick & mortar stores. By End-User, the market is segmented into professional and personal.

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Based on type, the box style segment was the largest at a market value of 2,027.4 million in 2018; it is projected to register a CAGR of 15.00% during the forecast period. By technology, the full HD segment accounted for the highest market value of 1,755.8 million in 2018; the segment is projected to exhibit a CAGR of 14.39% during the review period. The online segment was the largest in 2018 with a market value of 2,958.6 million; it is projected to exhibit a CAGR of 14.86% during the assessment period. On the basis of end-user, the professional segment dominated the market in 2016 with a value of 2,671.1 million in 2018; it is projected to exhibit a CAGR of 14.76% during the forecast period.
Key Players
The key players in the global action camera market are Sony Corporation (Japan), Garmin Ltd. (US), GoPro, Inc. (US), Olympus Corporation (Japan), SZ DJI Technology Co., Ltd. (China), Veho World (UK), SJCAM Limited (China), TomTom N.V. (Netherlands), PLR Ecommerce, LLC (US), Panasonic Corporation (Japan), Nikon Corporation (Japan), and YI Technology (China).

Global Action Camera Market Analysis & Forecast, from 2016 to 2023

• To provide a detailed analysis of the market structure along with a forecast of the various segments and sub-segments of the global Action Camera market
• To provide insights into factors affecting market growth
• To analyze the global Action Camera market based on Porter's Five Forces analysis
• To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries—North America, Europe, Asia, and the rest of the world
• To provide country-level analysis of the market with respect to the current market size and future prospects
• To provide country-level analysis of the market for segments on the basis of type, technology, distribution channel, end-user and region
• To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market
• To track and analyze competitive developments such as joint ventures, strategic alliances, mergers & acquisitions, product developments, and research and developments in the global action camera market

Target Audience

• Technology Providers
• Research organizations
• Technology investors
• Venture capitalists
• Government organizations

Key Findings

• The global action camera market is expected to reach USD 9,382.5 million by 2023.
• Based on type, the box style segment accounted for the largest market share with a value of USD 2,027.4 million in 2018 and is projected to register a CAGR of 15.00% during the forecast period.
• On the basis of technology, the full HD segment was the largest market valued at USD 1,755.8 million in 2018 and is projected to exhibit a CAGR of 14.39% during the forecast period.
• By distribution channel, the online segment accounted for the largest market share with a value of USD 2,958.6 million in 2018 and is projected to register a CAGR of 14.86% during the forecast period.
• Based on end-user, the professional segment was valued at USD 2,671.1 million in 2018 and is expected to register a CAGR of 14.76% during the forecast period.
• North America is projected to be the largest regional market.

Regional and Country-Level Analysis of the Global Action Camera Market, Estimation and Forecast
North America is expected to lead the global action camera market with a CAGR of 11.16% during the forecast period. Asia-Pacific is projected to be the second-largest market exhibiting a highest CAGR in the market of 17.39%.

The market in the Europe is expected to be the growing at a 15.13% CAGR. The market in the rest of the world is projected to register a CAGR of 8.64% during the forecast period.

The report on the global action camera market also covers the following country-level analysis:

• North America
o US
o Canada
o Mexico
• Europe
o UK
o Germany
o France
o Rest of Europe
• Asia-Pacific
o China
o India
o Japan
o South Korea
o Rest of Asia-Pacific
• Rest of the world

Table Of Contents

Global Action Camera Market Research Report Forecast to 2023

1 Executive Summary
1.1 Market Summary
2 Market Introduction
2.1 Definition
2.2 Scope of the Study
2.3 List of Assumptions
2.4 Market Structure
3 Research Methodology
3.1 Research Process
3.2 Forecast Model
4 Market Dynamics
4.1 Overview
4.2 Drivers
4.2.1 Increasing Use of Smart Gadgets and Booming Consumer Electronics Industry
4.2.2 Growing Trend of Sharing Content on Social Networking Websites
4.3 Restraints
4.3.1 Rising Adoption of Smartphones Having High-End Cameras
4.4 Opportunities
4.4.1 Integration of VR with 360° Cameras
5 Market Factor Analysis
5.1 Value Chain Analysis
5.1.1 Hardware Manufacturers
5.1.2 Assemblers
5.1.3 Sales & Distribution
5.1.4 End User
5.2 Porter’s Five Forces Model
5.2.1 Threat of New Entrant
5.2.2 Bargaining Power of Supplier
5.2.3 Bargaining Power of Buyers
5.2.4 Threat of Substitute
5.2.5 Intensity of Rivalry
6 Global Action Camera Market, by Type
6.1 Overview33
6.2 Box Style
6.3 Cube Style
6.4 Bullet Style
6.5 Periscope and 360 Degree
7 Global Action Camera Market, by Technology
7.1 Overview
7.2 Ultra HD
7.3 Full HD
7.4 HD
7.5 SD
8 Global Action Camera Market, by Distribution Channel
8.1 Overview
8.2 Online
8.3 Brick & Mortar Stores
9 Global Action Camera Market, by End User
9.1 Overview
9.2 Personal
9.3 Professional
10 Global Action Camera Market, by Region
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 UK
10.3.2 Germany
10.3.3 France
10.3.4 Rest of Europe
10.4 Asia-Pacific
10.4.1 China
10.4.2 Japan
10.4.3 India
10.4.4 South Korea
10.4.5 Rest of Asia-Pacific
10.5 Rest of the World
10.5.1 Middle East and Africa
10.5.2 South America
11 Competitive Landscape
12 Company Profiles
12.1 Sony Corporation
12.1.1 Company Overview
12.1.2 Financial Overview
12.1.3 Products/Solutions/Services Offered
12.1.4 Key Developments
12.1.5 SWOT Analysis
12.1.6 Key Strategies
12.2 Garmin Ltd.
12.2.1 Company Overview
12.2.2 Financial Overview
12.2.3 Products/Solutions/Services Offered
12.2.4 Key Developments
12.2.5 SWOT Analysis
12.2.6 Key Strategies
12.3 GoPro, Inc.
12.3.1 Company Overview
12.3.2 Financial Overview
12.3.3 Products/Solutions/Services Offered
12.3.4 Key Developments
12.3.5 SWOT Analysis
12.3.6 Key Strategies
12.4 Olympus Corporation
12.4.1 Company Overview
12.4.2 Financial Overview
12.4.3 Products/Solutions/Services Offered
12.4.4 Key Developments
12.4.5 SWOT Analysis
12.4.6 Key Strategies
12.5 SZ DJI Technology Co., Ltd.
12.5.1 Company Overview
12.5.2 Products/Solutions/Services Offered
12.5.3 Key Developments
12.6 Veho World
12.6.1 Company Overview
12.6.2 Products/Solutions/Services Offered
12.6.3 Key Developments
12.7 SJCAM Limited
12.7.1 Company Overview
12.7.2 Products/Solutions/Services Offered
12.7.3 Key Developments
12.8 TomTom N.V.
12.8.1 Company Overview
12.8.2 Financial Overview
12.8.3 Products/Solutions/Services Offered
12.8.4 Key Developments
12.8.5 SWOT Analysis
12.8.6 Key Strategies
12.9 PLR Ecommerce, LLC
12.9.1 Company Overview
12.9.2 Products/Solutions/Services Offered
12.9.3 Key Developments
12.10 Panasonic Corporation
12.10.1Company Overview
12.10.2Financial Overview
12.10.3Products/Solutions/Services Offered
12.10.4Key Developments
12.10.5SWOT Analysis
12.10.6Key Strategies
12.11 Nikon Corporation
12.11.1Company Overview
12.11.2Financial Overview
12.11.3Products/Solutions/Services Offered
12.11.4Key Developments
12.11.5SWOT Analysis
12.11.6Key Strategies
12.12 YI Technology
12.12.1Company Overview
12.12.2Products/Solutions/Services Offered
12.12.3 Key Developments

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