Wearable Camera Market

Market Synopsis:

The Global Wearable Camera Market is valued at USD 4.73 Billion in 2022 and is projected to reach a value of USD 18.03 Billion by 2030 at a Compound Annual Growth Rate (CAGR) of 18.20% over the forecast period.

Wearable Cameras are cameras that can be worn on bodies by the use of multiple attachments. They can be strapped onto the body or to the head in order to record from a unique POV perspective. This type of camera recording is highly popular in sports and adventure applications and the increasing popularity of the same is expected to boost the adoption of Wearable Camera on a global level. The pandemic of 2020 resulted in the downfall of Wearable Camera sales as the lockdowns restricted outdoor and sports activities. The Wearable Camera Market is expected to make a steady comeback as the restrictions are lifted and will grow at a stellar Compound Annual Growth Rate (CAGR) over the forecast period.

The rising popularity of advanced camera technologies and increased demand for sports specific technologies and unique recording techniques boost the demand for Wearable Cameras on a global scale. The increasing popularity of sharing experiences on social media via videos and pictures is expected to further boost the demand for Wearable Camera over the forecast period. Increasing disposable income across the world is also expected to boost the sales of Wearable Cameras in the long run.

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Market Segmentation:

The Wearable Camera Market is segmented on the basis of type, product, and end user industry. On the basis of type, the market is segmented into Head Mount and Body Mount. On the basis of product, the market is segmented into Cameras and Accessories. On the basis of end user industry, the market is segmented into Sports and Fitness, Military and Defense, Manufacturing, Healthcare, and Others.

Based on End User

The sports and fitness segment are projected to account for a dominant market share in the global landscape over the forecast period. The increasing popularity of adventure sports and rising demand for fitness trends are expected to boost the adoption of Wearable Cameras in this segment over the coming years. Integration of Wearable Cameras with various healthcare metrics is expected to further boost the Wearable Camera Market growth through 2028.

Based on Product

The Wearable Camera Market is projected to be dominated by the camera segment and is expected to maintain the same stance over the forecast period as well. Increasing advancements in camera technologies and an increasing number of launches from Wearable Camera manufacturers are expected to be prominent trends propelling growth in this segment over the forecast period.

North America is Anticipated to Dominate the Market

The region of North America will account for a dominant market share in the Wearable Camera industry landscape over the forecast period. The presence of key Wearable Camera manufacturers and the rising popularity of adventure sports and fitness trends are expected to drive the demand for Wearable Cameras in this region in the coming years. Increasing focus on health and fitness is also expected to have a positive impact on the Wearable Camera Market growth over the coming years. The United States and Canada are expected to be prominent markets in this region over the forecast period. In 2021, the Wearable Camera Market in North America holds a dominant market share of 41.8% and held a net worth of USD 1.97 Billion in the same year.

The Wearable Camera Market in the Asia Pacific will see growth at the fastest Compound Annual Growth Rate (CAGR) growth in the Global Wearable Camera Market. The rising popularity of Wearable Camera and the increasing disposable income of the general population will be major trends that will drive sales of Wearable Camera over the forecast period in this region. The emerging economies of India and China are projected to be highly lucrative markets for Wearable Cameras over the forecast period in this region.