Industry Background:
Body-worn cameras are a small-sized camera that are clipped into the uniform and it is used to collect audio and video footage. The rapid adoption of the Body-Worn Camera is creating the potential to provide key evidence for cases, but it also improves the community relations and accountability of the product. It is the most advanced wearable device which helps in video capturing. Its major application is for the police officer, whom it provides the highest video and image quality, even in low-light resolution, and with an advanced wide-angle capability. The global body-worn camera market value is expected to reached near about USD ~990 million by FY2023.This growth is primarily driven by Development in Wearable Device Market and Improvement in The Security, Safety, And Decision-Making During Emergency Operations.
Globally, a noticeable market trend is evident High Adoption of the Body-Worn Camera with the Cloud Storage Features Across the Globe
. Major Vendors, such as Pinnacle Response Ltd. (United Kingdom), Pro-Vision (United States), Transcend Information, Inc. (Taiwan), Wolfcom Enterprises (United States), Veho (MUVI) (United Kingdom), Panasonic (Japan), Digital Ally (United States), Shenzhen AEE Technology Co. Ltd. (China), Safety Vision LLC (United States) and GoPro-Intrensic (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
In Mar 2020, Axis Communication announced too enter into the body-worn camera market by designing advanced solutions for the application for law enforcement and private security. Their solutions include a robust camera, docking station, and an advanced system controller. Through this initiative, the company is aiming to enhance its product offering and become more competitive among leading players.
Market Drivers
- Development in Wearable Device Market
- Improvement in The Security, Safety, And Decision-Making During Emergency Operations
Market Trend
- High Adoption of the Body-Worn Camera with the Cloud Storage Features Across the Globe
- Intense Market Rivalry Among Emerging Economies
Restraints
- Lack of Consumer Awareness
Opportunities
Technology Development in Consumer Electronics Market Across the Globe
Challenges
High Cost Associated with Body Worn Camera
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Body Worn Camera Study Sheds Light on
The Body Worn Camera Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Body Worn Camera industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Body Worn Camera industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.