Action Camera Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
The action camera market is expected to register a CAGR of approximately 15.8% during the forecast period. The market for action cameras is expected to witness substantial growth due to the various benefits compared with either standard point-and-shoot or DSLR. The various benefits provided include recording 4k videos in top-notch quality without any hassle, compact size, provision to capture different angles in extreme sports such as surfing and skiing, and the ability to use it as a car dashcam.
Key HighlightsThe global action camera market is moderately consolidated, with a few vendors accounting for significant market share globally. Some of the players operating in the action camera market include insta360, GoPro Inc., Olympus Corporation, Garmin Ltd, and Nikon. The market players are increasingly making significant investments in terms of new product launches while making various innovations in existing products. This will help them gain maximum market traction as the market continuously evolves in line with emerging trends.
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