The Global Action Camera Market Size accounted for USD 2,951 Million in 2021 and is estimated to achieve a market size of USD 7,631 Million by 2030 growing at a CAGR of 11.3% from 2022 to 2030. The expanding number of sports events, leisure activities, concerts, and live performances are the primary elements fueling the global action camera market growth. Furthermore, the growing popularity of action cameras in professional activities, as well as recreational and camping experiences, is boosting the action camera market value in the coming years.
Action Camera Market Report Key Highlights
The action camera is a special camera that is used to take or capture adventures, sports, and other activities featuring high-speed actions. The action camera is designed in such a way that it can be mounted on car dashboards, helmets, and cycles, or can be worn on the body for capturing amazing photos and video. The action camera can be differentiated into various types including box style, cube style, bullet style, periscope, and 360 degrees.
Global Action Camera Market Trends
Action Camera Market Report Coverage
|Market||Action Camera Market|
|Action Camera Market Size 2021||USD 2,951 Million|
|Action Camera Market Forecast 2030||USD 7,631 Million|
|Action Camera Market CAGR During 2022 - 2030||11.3%|
|Action Camera Market Analysis Period||2018 - 2030|
|Action Camera Market Base Year||2021|
|Action Camera Market Forecast Data||2022 - 2030|
|Segments Covered||By Resolution, By Distribution Channel, By End User, By Application, And By Geography
|Regional Scope||North America, Europe, Asia Pacific, Latin America, and Middle East & Africa|
|Key Companies Profiled||Sony Corporation, YI Technology, GoPro, Inc., Nikon Corporation, SZ DJI Technology Co., Ltd., TomTom, Garmin Ltd., Panasonic Corporation, Drift Innovation, SJCAM, and iON Worldwide.
||Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis|
The growth of the action camera market is primarily driven by the rising popularity of adventure sports and growth in the consumer electronics industry, an increase in the urban population which increases the adoption of action cameras, a growing number of action camera manufacturers, and an increase in popularity of action camera across the globe. Furthermore, the rising user base of social media sites such as Instagram, Facebook, and Twitter and sharing videos and photos with friends and followers, the increase in the number of vendors in the market, and the rising spending capacity of individuals on action camera is estimated to boost the market growth. Moreover, changing lifestyles of consumers across developed countries, the growing consumer electronics industry, technological advancement in cameras, and the emergence of new product development in action cameras are expected to create opportunities for the manufacturers in the global market over the forecast period. However, an increase in demand for smartphones along with high-end cameras and high costs of the products are expected to hamper the growth of the global action camera market in the coming years.
Action Camera Market Segmentation
The worldwide action camera market segmentation is based on the resolution, distribution channel, end user, application, and geography.
Action Camera Market By Resolution
According to an action camera market forecast, the ultra HD segment is expected to grow at the fastest rate in the market during the forecast period. Ultra HD offers high video resolution and has a wide-angle lens for capturing the view. The major factors that are driving the growth of this segment are the increase in demand for detailed pictures and the increase in consumer preference towards shooting 1080p or 720p. The manufacturers Sony Corporation, GoPro, Inc., Panasonic Corporation, and TomTom are mainly investing in the development of ultra HD action cameras, which expected the lead the market in the coming years.
Action Camera Market By Distribution Channel
According to the action camera industry analysis, the retail segment accounts for the largest share of the market and held a significant market portion in 2021. The major factors that are driving the growth of this segment are the increase in consumer preference towards checking the quality of the product in person and the increase in concerns regarding aftermarket service. This is expected to enhance the dominance of the retail segment in the global market over the forecast period.
Action Camera Market By End User
In terms of end users, the personal segment is projected to lead the worldwide action camera market in 2021. This is due to increased population use of action cameras, increased tourism events, increased disposable income, as well as increased engagement in social media networks. These factors have contributed considerably to the expansion of this segment.
Action Camera Market By Application
In terms of applications, the sports segment led the global action camera market in 2021. This growth can be due to an increase in sports events as well as a rise in the number of outdoor sports that desire to capture high-quality images and films of various sports & recreation activities such as riding, scuba diving, surfing, and skydiving. Furthermore, the employment of digitalization with better optics and resolution aids in the capture of high-quality photographs and movies in motion. Furthermore, the expanding number of sporting leagues & activities around the world is fueling category expansion.
Action Camera Market Regional Outlook
The Middle East & Africa
North America Holds Dominating Share of Action Camera Market
North America accounted for the high market share of the action camera market and the region is also expected to maintain its dominance over the forecast period. The rapid consumption of action cameras in terms of volume, the rising popularity of adventure sports such as scuba diving, sky diving, and bungee jumping, and rising disposable income are the major driving factor for the region in the global market. Moreover, the increasing demand for action cameras over digital cameras and the increase in demand for professional cameras with extensive storage facilities are expected to enhance the market growth in the global action camera market in the future. Europe is expected to account for the second-largest in the global market during the forecast period. The growing availability of technically advanced and latest product varieties, growing disposable income of individuals, and rising sports enthusiasts population are expected to enhance the regional market growth in the global action camera market during the forecast.
Asia-Pacific is expected to hold the highest CAGR in the global market during the forecast period. Manufacturers are investing in developing countries to meet the demand for an action camera. Moreover, changing lifestyle of consumers, increases in expenditure on the adventure and sports activities, the rising popularity of social media, and growing GDP, and strong economic growth in countries, such as China, Korea, Thailand, Japan, and India, are expected to enhance the market growth in the global action camera market during the forecast.
Action Camera Market Players
Some of the top action camera market companies offered in the professional report includes Sony Corporation, YI Technology, GoPro, Inc., Nikon Corporation, SZ DJI Technology Co., Ltd., TomTom, Garmin Ltd., Panasonic Corporation, Drift Innovation, SJCAM, and iON Worldwide.
The estimated value of global action camera market in 2021 was accounted to be USD 2,951 Million.
The projected CAGR action camera market during the analysis period of 2022 to 2030 is 11.3%.
The prominent players of the global action camera market are Sony Corporation, YI Technology, GoPro, Inc., Nikon Corporation, SZ DJI Technology Co., Ltd., TomTom, Garmin Ltd., Panasonic Corporation, Drift Innovation, SJCAM, and iON Worldwide.
North America held the dominating action camera during the analysis period of 2022 to 2030.
Asia-Pacific region exhibited fastest growing CAGR for action camera during the analysis period of 2022 to 2030.
Increasing social media marketing and content trends and escalating demand from travelers for high-tech action cams drives the growth of global action camera market.
Based on resolution, full HD segment is expected to hold the maximum share action camera market.