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Exclusive Research Report on Action Camera Market Size, Analytical Overview, Growth Factors, Demand and Trends Forecast to 2028 | Emergen Research
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The global action camera market size is expected to reach USD 4,372.7 Million in 2028, and register a revenue CAGR of 8.3% during the forecast period. Steady action camera market revenue growth can be attributed to rising trend of sharing photographs and videos (both live and recorded) on social networking platforms and media sites such as Facebook, Twitter, Instagram, Tumblr, and Snapchat. An increasing number of individuals and social media influencers as well as celebrities regularly share digital content, images, videos, and other such content with friends and followers. This trend is expected to continue owing to increasing number of social media apps and easy accessibility. Currently, streaming of live videos is garnering significant traction worldwide, especially amongst youngsters. According to a study, about 34% of Generation Z persons born between 1997 and 2015 exhibit an increasing inclination towards live streaming, particularly on social media platforms and nearly 82% choose live video streaming over social media content. Also, availability of apps, such as Reels, TikTok, and Youtube Shorts to create and post short videos is a key factor driving robust demand for action cameras.
Key Players Included in this report are:
Eastman Kodak Company, Olympus Corporation, Toshiba Corporation, CASIO Computer Co. Ltd., Panasonic Corporation, Sony Corporation, Garmin Ltd., SJCAM Ltd., GoPro Inc., and TomTom International BV
What are New Additions in 2023?
➢ Detailed industry forecast
➢ Additional information on company participants
➢ Customized reports and analyst assistance are available upon request.
➢ Recent market developments and potential future growth opportunities
➢ Personalized regional/country reports upon request
➢ New data sources are being integrated.
➢ Increased focus on data privacy and security
➢ Increased collaboration and co-creation
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Market Segmentation Analysis
Players can concentrate on high-growth regions and, if necessary, modify their business plan according to the research report. The Action Camera Market is divided into a variety of categories, uses, and geographical areas. Players gain from the report's regional segmentation research since it offers pertinent data and insights into important geographic marketplaces.
The global market for different product types, including Box Type, Cube Type, Bullet Type, and Periscope and 360°, is expected to witness revenue growth from 2018 to 2028. In terms of revenue, the Box Type product segment is projected to experience a substantial increase, reaching millions of US dollars by 2028. Similarly, the Cube Type and Bullet Type segments are anticipated to demonstrate positive revenue outlooks during the forecast period. Moreover, the Periscope and 360° product category is expected to witness notable revenue growth, driven by advancements in immersive technology and the increasing demand for immersive experiences.
When considering the resolution outlook, the market is expected to witness revenue growth across different resolution types, namely Ultra-High Definition (UHD), Full High Definition (FHD), High Definition (HD), and Standard Definition (SD). The Ultra-High Definition resolution segment is projected to witness significant revenue growth, as it offers superior visual quality and is increasingly adopted in various applications such as gaming, media streaming, and virtual reality. The Full High Definition and High Definition resolution segments are also expected to contribute to the market revenue, catering to a wide range of consumer needs. Although the demand for Standard Definition resolution may decline over time, it is still expected to generate revenue, particularly in certain industries or regions where older display technologies are prevalent.
In conclusion, the market for Box Type, Cube Type, Bullet Type, and Periscope and 360° products is expected to experience revenue growth. The resolution outlook indicates positive revenue prospects for Ultra-High Definition, Full High Definition, High Definition, and Standard Definition resolutions, reflecting the ongoing technological advancements and evolving consumer preferences in the visual display market. These trends present potential opportunities for businesses operating in this sector to capitalize on the growing demand for immersive experiences and high-quality visual content.
COVID-19 Impact Analysis
The post-COVID-19 phase has undergone substantial change, and Action Camera Market research highlights the opportunities and difficulties that still exist. This study report thoroughly examines the effects of the COVID-19 pandemic on the global economy and post-pandemic market behaviour.
Regional Outlook
We carefully examined each division, regional classification, national study, and subject-specific data set during the market research. This Action Camera Market research report's goal is to look at growth patterns, promising futures, important obstacles, and expected results. Information on significant market participants, strategic alliances, plans, new product launches, and joint ventures are all included in the research.
Browse Full Report Description + Research Methodology + Table of Content + Infographics@ https://www.emergenresearch.com/industry-report/action-camera-market
Key Reasons to Purchase Action Camera Market Report
➼ In-depth analysis of the market on the global and regional levels.
➼ Major changes in market dynamics and competitive landscape.
➼ Segmentation on the basis of type, application, geography, and others.
➼ Historical and future market research in terms of size, share growth, volume, and sales.
➼ Major changes and assessment in market dynamics and developments.
➼ Emerging key segments and regions
➼ Key business strategies by major market players and their key methods
Look Over transcripts provided by Emergen Research
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conversational artificial intelligence market: https://www.emergenresearch.com/industry-report/conversational-artificial-intelligence-market
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