Global Action Cameras Market to Reach $29.8 Billion by 2030
The global market for Action Cameras estimated at US$8.7 Billion in the year 2023, is expected to reach US$29.8 Billion by 2030, growing at a CAGR of 19.3% over the analysis period 2023-2030. Box Style Action Cameras, one of the segments analyzed in the report, is expected to record a 20.9% CAGR and reach US$14.6 Billion by the end of the analysis period. Growth in the Cube Style Action Cameras segment is estimated at 19.5% CAGR for the next 7-year period.
The U.S. Market is Estimated at $2.2 Billion, While China is Forecast to Grow at 24.5% CAGR
The Action Cameras market in the U.S. is estimated at US$2.2 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$8.1 Billion by the year 2030 trailing a CAGR of 24.5% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 13.4% and 16.4% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 14.9% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$5.1 Billion by the year 2030.
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