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Press Release / Technology / Action Camera Market 2018 Receives a Rapid Boost in Economy due to High Emerging Demands by Forecast to 2023

Action Camera Market 2018 Receives a Rapid Boost in Economy due to High Emerging Demands by Forecast to 2023

By kiran on December 06 2018 | 23 Views

Action Camera Market, By Technology (Ultra HD action camera, Full HD action camera, HD action camera and SD action camera) - Forecast 2023

Market Highlights:
Action camera is different from normal camera designed with specialized features. Action camera are mainly used to shoots photos and video mostly in sports events, or adventures trip. These are the cameras comes with additional features such as it gets attached with helmets, handle bars. It also possible to carry the action camera under water and attached to practically anything. Action camera can store the recording and photos in SD card so that user can easily transfer it to phone or computer through card reader.
The factors such as rising demand of electronic gadgets and advance technology devices are the primary driving factors of the Action Camera Market. Growing tourism industry is one of the primary factor driving the action camera market. In addition, increasing popularity of social networking sites activities such as posting photos and videos and different events on it is expected to drive the action camera market at fast pace. Twitter, Facebook, and Instagram are some popular social network sites getting popular over the year. Furthermore, due increasing competition among action camera manufacturers, customers can avail of more options with features suiting their needs. This is expected to boost the growth of the action camera market over the forecast period, 2017-2023.
On the basis of technology, the market can be segmented into Ultra HD action camera, Full HD action camera, HD action camera and SD action camera. Out of these, Ultra HD action camera accounted for the largest market share in terms of revenue due to the increasing application of it in global sports events like Olympics, football, cricket world cup etc. Furthermore, Ultra HD action camera is expected to be fastest growing technology segment in forecast period.
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Major Key Players:

Drift (U.S.)
Garmin (U.S.)
GoPro (U.S.)
iON (U.S.)
Rollei (Germany)
Sony (Japan)
TomTom (Netherlands)
Olympus (Japan)
Veho (England)                                                 

Regional Analysis:
The global action camera market is expected to grow significantly over the forecast period, 2017-2023. Academic segment of action camera market globally drives the market majorly due to increasing popularity of social networking site, and advance technology devices.
The market is expected to have higher growth rate as compared to the previous years due to the booming tourism industry globally. It is due to the rising income of individuals globally and increasing affordability of technology products globally. It gives willingness push to action camera market in future prospective.
The global action camera market segmented into four main regions such as North America, Asia-Pacific, Europe and Rest of the World. The regional segment is further bifurcated into U.S., Canada, Mexico, UK, France, Germany, China, Japan and India.
North America region hold the largest share of the total action camera market in terms of revenue. It is due to the presence of some leading action camera providers in the region. Drift (U.S.), Garmin (U.S.), GoPro (U.S.), iON (U.S.) are some leading industry participants located in U.S. Recently, in September 2017, GoPro has launched new action cameras to bring 4K and 360-video to the mainstream. As compare to other regions, people in North America are more sports enthusiasts and high technology adoption is expected to grow the action camera market at fast pace. Europe is expected to show an impressive raise in the growth of global action camera consumption due to increased adoption of technology.
Asia-Pacific region is expected to grow over the forecast period. Countries such as Japan, China and India contributes largely to the overall market share. The reason is attributed to the increasing awareness about smart gadgets and advance technology products. Booming tourism industry in Asia Pacific is expected to grow the action camera market at fast pace.
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Segments:
For the purpose of this study, Market Research Future has segmented the market of Action Camera into technology, distribution channel, end-user and region.
By Technology

Ultra HD action camera
Full HD action camera
HD action camera
SD action camera

By Distribution Channel

Online Sales
Retail Sales

By End-users

Personal
Professional

By Region
North America

US.
Canada
Mexico

Europe

UK
France
Germany
Rest of Europe

Asia-Pacific

China
Japan
India
Rest Of Asia Pacific

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Intended Audience:

Operating system providers
Training center
Schools
Manufacturers
Operating system providers
Software Developers
Sensor providers

About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
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