According to a new report published by Allied Market Research titled, “Action Camera Market by End User, Technology, and Distribution Channel: Opportunity Analysis and Industry Forecast, 2021–2027,” The action camera market size was valued at $2.1 billion in 2019, and is projected to reach $3.2 billion by 2027, growing at a CAGR of 8.6 % from 2021 to 2027. North America dominated the market in 2019, accounting for nearly 34% of the total market share. The action camera market exhibits an incremental revenue opportunity of $1.1 billion from 2019–2027. 

Request The Free Sample PDF Of This Report : https://www.alliedmarketresearch.com/request-sample/5083  

The action camera market holds a substantial scope for the market growth. The market is currently in its growth stage; however, its contribution to the global market is expected to increase significantly during the forecast period. Increase in demand for compact cameras has enforced the market to produce innovative products with various features such as water proofing, Wi-Fi connectivity, and latest sensor technologies. Growth of the global population and rise in per capita income boost the market growth, thus increasing production of action cameras. Change in consumer behavior in the personal use segment and preference of consumers for mobile phones over action cameras are expected to affect sales in coming years. Although, numerous players are entering the action camera market with innovative cameras with new features. Emerging innovative cameras with compact sizes are expected to increase the market competition in years to come. 

Growth in population in developing countries, such as China and India, has increased demand for body worn cameras and action cameras. This increase in population, coupled with per capita income has increased demand for action cameras, further raising production of cameras. In emerging countries, per capita income is more as compared to developed countries and hence, adoption of new and innovative products such as body worn cameras, diving cameras, and action cameras is eventually higher. 

The action camera market is segmented on the basis of end user, technology, distribution channel, and region. By end user, it is categorized into professional and personal. The professional segment was valued at $1.3 billion and is expected to growth with a CAGR of 7.7 (2019-2027) to reach $1.9 billion by 2027. The personal segment is expected to be the fastest growing segment with a CAGR of 9.9% during the forecast period. The fastest growth of personal segment is attributed increase in demand for personal users for different types of action cameras made with various attractive features.  

Buy Now & Get Exclusive Discount on this Report : https://www.alliedmarketresearch.com/checkout-final/14c8a320c2f9a7e36e3727016d7fb664  

By technology, it is categorized into standard definition (SD), high definition (HD), and ultra-high definition (Ultra HD). On the basis of distribution channel, the market is divided into brand outlets, supermarkets/hypermarkets, e-commerce, and specialty stores. Region-wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, France, Italy, Germany, Russia, and rest of Europe), Asia-Pacific (China, India, Japan, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, the UAE, Saudi Arabia, and rest of LAMEA). Countries such as China, the U.S. and the UK, NORDIC countries, India, and South Korea are largest spenders on action cameras. In addition, factors such as product availability, socio-economic status, per capita expenditure and consumer purchasing power are responsible for the growth of the action camera market in these regions. 

Key Findings Of The Study 

The ultra-HD products segment is expected to grow at a CAGR of 11.9% during the forecast period. 

Asia-Pacific is anticipated to dominate the action camera market growth, registering a CAGR of 13.4% 

Professional segment is projected to contribute with highest market share during the forecast time period, with around 60% market share in 2027, and CAGR of 7.7% 

The e-commerce distribution segment is anticipated to dominate the global action camera market, with a CAGR of 12.6% during the forecast period. 

The specialty store segment is estimated to grow at a CAGR of 7.6% during the forecast period.  

To Get in-depth Information Connect to Analyst : https://www.alliedmarketresearch.com/connect-to-analyst/5083  

The global market is fragmented with the presence of several market participants across various regions. The strong presence private label brands is giving tough competition to global players. The key players operating in Global Action camera market include GoPro, Inc., Samsung Electronics Co., Sony Corporation, Shenzhen Arashi Vision Co., Ltd, Drift Innovation Ltd, The Ricoh Company, World Wide Licenses Ltd –iON, Eastman Kodak Company, Toshiba Corporation, and Xiaomi Corporation. 

Reasons to Buy this Action camera Market Report: 

> Mergers and acquisitions should be well-planned by identifying the best manufacturer. 

> Sort new clients or possible partners into the demographic you’re looking for. 

> Suitable for providing dependable and high-quality data and analysis to assist your internal and external presentations. 

> Develop tactical initiatives by gaining a better grasp of the areas in which huge corporations can intervene. 

> To increase and grow business potential and reach, develop and plan licencing and licencing strategies by finding possible partners with the most appealing projects. 

> Recognize newcomers with potentially strong product portfolios and devise effective counter-strategies to acquire a competitive edge. 

> To develop effective R&D strategies, gather information, analysis, and strategic insight from competitors 

About Us 

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain. 

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry. 

Contact: 

David Correa 
5933 NE Win Sivers Drive 
#205, Portland, OR 97220 
United States 
USA/Canada (Toll Free): 
+1-800-792-5285, +1-503-894-6022 
UK: +44-845-528-1300 
Hong Kong: +852-301-84916 
India (Pune): +91-20-66346060 
Fax: +1(855)550-5975 
[email protected] 

Web: www.alliedmarketresearch.com 

Allied Market Research Blog: https://blog.alliedmarketresearch.com  

Follow Us on | Facebook | LinkedIn | YouTube |