Global Wearable Camera Market is majorly driven by the technological advancements in wearable cameras, according to our research report “Global Wearable Camera Market Outlook 2023”.
The global wearable camera market is segmented into product type. Among this segment, head mounted is expected to showcase a significant growth in near future on account of growing adoption of head-mounted wearable cameras in various sports and adventure activities. Installation of head mounted wearable cameras in security and task forces is swelling the demand for high quality wearable cameras across the globe.
The global wearable camera market anticipated to account USD 3.8 Billion by 2023 by registering a promising CAGR over the forecast period i.e. 2016-2023. The wearable camera shipments are expected to increase from 5.8 Million to 33.2 Million by 2023 on account of rising adoption of wearable cameras in sports and adventure.
Europe is expected to showcase a tremendous growth in the market of wearable cameras across the globe in near future. The market is driven by rising installation of wearable cameras on federal security forces for public safety. Factors such as government initiatives towards public safety and increasing adoption of wearable cameras in sports such as sky diving, mountain cycling, etc. are expected to boost the demand for wearable camera over the forecast period i.e. 2016-2023.
Continuous research and development to manufacture wearable cameras with long battery life and high capture quality further grows importance in various industrial applications. Moreover, introduction of nigh vision wearable cameras with enhanced interfaces and advanced functions have gained acceptance in public safety and defense sector.
Rising sports activities:
Increasing sports and adventure activities across the globe and growing trend of sharing incidents on social networking sites is the major factor for the establishment of importance of wearable cameras in numerous sports activities. The market of wearable camera is driven on the back of availability of several types of wearable cameras such as head-mounted, eye wear, etc. for the convenience of users.
Although, high cost of wearable cameras, poor battery life of earlier wearable cameras and slow adoption of wearable cameras in enterprise and healthcare sector are some of the key factors which are curbing the market of wearable cameras across the globe.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
This report also provides the existing competitive scenario of some of the key manufacturers of the Global Wearable Camera Market which includes company profiling of Digital Ally, Xiaomi, and GoPro, etc. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview on the Global Wearable Camera Market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stake holders to align their market centric strategies according to the ongoing and expected trends in the future.
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