Action Cameras Market Scope
Action cameras refer to the specialized camera devices that are used to capture sports, adventures, or kinds of activities normally featuring high-paced actions. The action camera market has been estimated to experience significant growth in terms of extensive application in recording action sports and activities. Increasing popularity and usage of social networking sites is predicted to propel the industry growth over the forecast period.
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain competitive advantage through combined collaborations. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Action Cameras market throughout the predicted period.
GoPro, Inc. (United States), Sony Corporation (Japan), Garmin Ltd. (United States), Olympus Corporation (Japan), SZ DJI Technology Co., Ltd (China), Veho World (United Kingdom), Drift Innovation (United States), Panasonic Corporation (Japan), SJCAM Limited (China), TomTom NV (Netherlands), PLR Ecommerce, LLC (United States), Nikon Corporation (Japan), Chilli Technology (United Kingdom), YI Technology (China), BRAUN Photo Technik GmbH (Germany), Rollei GmbH & Co. KG (Germany) and JVC Kenwood Holdings Inc. (Japan) are some of the key players that are part of study coverage.
Segmentation Overview
The study have segmented the market of Global Action Cameras market by Type (Box Style, Cube Style, Bullet Style, Periscope and 360°), by Application (Outdoor Pursuits, Evidential Users, TV Shipments, Emergency Services and Security) and Region with country level break-up.
On the basis of geography, the market of Action Cameras has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
Integration Of VR With 360° Cameras
Market Growth Drivers:
Increasing Trend of Sharing Video Content on the Internet and Surging Demand for Capturing Action Sports and Activities
Challenges:
Intense Competition between Competitors
Restraints:
Rising Popularity of Smartphones with In-built Excellent-Quality Cameras
Opportunities:
Rising Demand for Ultra HD Technology and Increasing Demand from Developing Economies
Market Leaders and their Expansionary Development Strategies
In Dec 2019, Panasonic India has announced the launch of Lumix DC-S1H, which is the company's latest digital single-lens full-frame mirrorless camera aimed to deliver cinema-quality video output., and In Oct 2019, B&H Photo would like to share the announcement of the Olympus OM-D E-M5 Mark III Mirrorless Micro Four Thirds Digital Camera. The popular and versatile Micro Four Thirds format camera line has been updated with a 20.4 MP sensor, the TruePic VIII Quad Core image processor, a Dual F.A.S.T. AF 121-point on-chip autofocus system, and weather sealing.
Key Target Audience
Action Cameras Manufacturers, Action Cameras Suppliers/Distributors, Raw Material Suppliers, Potential Investors, Research Firm, Government Bodies and Others
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.