Action Cameras Market
According to a new market report published by Credence Research Inc “Action Camera Market – Growth, Share, Opportunities, Competitive Analysis, and Forecast, 2016 – 2026,” is expected to witness considerable growth throughout the forecast period due to its benefits such as enhanced quality and ease of use compared to digital cameras.
Increasing income level and rising popularity of adventure and sports activities are driving the demand for action camera
Action cameras are becoming popular across the world to take pictures and videos especially during sports and adventure activities such as surfing, rock climbing, skydiving, paragliding, bungee jumping, scuba diving, snorkeling, caving, surfing and others. Action camera are easy to handle, compact in size and enables users to take high quality photos and videos which is motivating consumers to purchase these cameras over traditional cameras. In addition, increasing income level and trend of sharing videos and photos of adventure activities on social networking sites like Facebook, Instagram and others also supporting the demand of action cameras globally. In addition, manufacturers are focusing to introduce innovative products with enhanced quality and cloud integration which will further boost the demand for action cameras globally. Some manufacturers are offering package solution with necessary accessories required for action cameras at cost effective price, in order to attract customers to select their brands. All these factors influencing the demand for action cameras globally. The global market for action cameras is expected to cross US$ 10.25 Bn by 2026 at a CAGR of 12.6% throughout the forecast period from 2018 to 2026.
Browse the full report at https://www.credenceresearch.com/report/action-cameras-market
Benefits of action camera such as small size without compromising on quality and hands free operations which are motivating its sale over traditional digital cameras. In addition, action cameras allows users to shoot videos with first person perspectives which is increasing its demand in recording of adventure activities such as skiing, rock climbing, surfing and other activities. In order to increase the brand loyalty manufacturers are focusing on adding cloud computing services to expand media functions of their action camera solutions. Moreover, manufacturers are offering attractive package solutions with necessary accessories required for action camera. This cost effective solutions are attracting consumers. The action camera market is facing challenge from continuous growth in smartphones with high quality camera features. The global market for action cameras is expected to cross US$ 10.25 Bn by 2026 at a CAGR of 12.6% throughout the forecast period from 2018 to 2026.
Table of Content(TOC):
Chapter 1 Preface
1.1 Report Description
1.1.1 Purpose of the Report
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research Methodology
1.2.1 Phase I – Secondary Research
1.2.2 Phase II – Primary Research
1.2.3 Phase III – Expert Panel Review
1.2.5 Approach Adopted
Chapter 2 Executive Summary
2.1 Market Snapshot: Global Action Camera Market
2.2 Global Action Camera Market, By Technology, 2017, (US$ Bn)
2.3 Global Action Camera Market, By End-use Application, 2017 (US$ Bn)
2.4 Global Action Camera Market, By Sale Channel, 2017 (US$ Bn)
2.5 Global Action Camera Market, By Geography, 2017 (US$ Bn)
Chapter 3 Market Dynamics
3.1 Product Insights and Market Overview
3.1.1 Global Action Camera Market Revenue and Volume, 2016 – 2026, (US$ Mn) (Mn Units)
3.2 Market Trends
3.3 Market Dynamics
3.3.1 Market Drivers
3.3.2 Market Challenges
3.3.3 Impact Analysis of Drivers and Restraints
3.4 Value Chain Analysis
3.4.1 Value Chain Analysis: Global Action Cameras Market
3.5 Market Attractive Analysis …
The global action camera market is highly competitive and dominated by the recognized players such as GoPro Inc, Sony Corp, Garmin Ltd, Olympus Corp, TomTom N.V., Rollei GmbH & Co. KG, Veho, Drift and others. High capital investment and strong research and development capabilities are required are limiting new entrance in this capital intensive industry. In addition, leading brand successfully created considerable base of loyal customers in the global market. In order to attract customers in this competitive environments, new entrant has to introduce innovating product offerings at attractive pricing.
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