Global Wearable Camera Market

Wearable Camera Market Size, Share, Growth Analysis, By Type(Head Mount, Body Mount), By Application(Sports & Adventure, Security) - Industry Forecast 2024-2031

Report ID: SQMIG20D2069 | Region: Global | Published Date: April, 2024
Pages: 157 | Tables: 66 | Figures: 75

Wearable Camera Market News

  • In June 2022, Apple won a patent for a unique camera placement on the Apple Watch.
  • In May 2022, Nokia launched a digital twin, 5G video camera; partners Savox for industrial wearable devices.
  • In May 2022, Motorola announced the launch of Razr 3 Set, First Smartphone With a 200MP Camera.
  • In October 2021, DJI announced the release of the DJI Action 2, an update to the original DJI Action compact camera. The Action 2 features an interchangeable and adaptive magnetic design that can accommodate a variety of framing, shooting, and monitoring accessories. With a weight of 56 grams, the Action 2 is both smaller and more powerful than the original Action camera.
  • In September 2021, GoPro's flagship camera, the HERO10 Black, was released internationally. The latest high-performance GP2 processor is used in the new action camera. The device has a higher resolution 23-megapixel sensor and improved low-light performance, and it can record 5.3K video at 60 frames per second. HyperSmooth 4.0 video stabilization is also included.
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FAQs

Wearable Camera Market size was valued at USD 4 billion in 2019 and is poised to grow from USD 4.73 billion in 2023 to USD 18.03 billion by 2031, growing at a CAGR of 18.2% in the forecast period (2024-2031).

Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the Wearable camera Market. Many major firms are shifting their focus to the introduction of new products into the market. Digital Ally, Panasonic, Garmin, GoPro, and Narrative are among the prominent/major key Wearable Camera Market players in the Wearable Camera Market. To gain a competitive advantage over their competitors in this market, players in the Wearable Camera Market are implementing various growth strategies. Major market players have been covered, as have their relative competitive strategies, and the report also mentions recent deals and investments made by different Wearable Camera Market players over the last few years. 'Panasonic Corporation', 'GoPro', 'Garmin', 'Sony Corporation', 'Polar Electro', 'Xiaomi Corporation', 'Insta360', 'Contour LLC', 'Drift Innovation', 'Narrative AB', 'Vievu LLC', 'Looxcie Inc.', 'Taser International Inc.', 'Axon Enterprise Inc.', 'Recon Instruments Inc.', 'Hitachi Ltd.', 'Toshiba Corporation', 'Google LLC', 'Samsung Electronics Co., Ltd.', 'DJI Technology Co., Ltd.'

Consumers' increasing willingness to track their fitness and digitize their medical records has increased the demand for medical wearable camera devices. for instance, Wearable cameras embedded with other software and hardware, can determine nutrition facts and characterize different food types using image processing techniques. The device's features are expected to have a positive impact on the industry.

As an effect of the growing popularity of wearable cameras manufacturers is investing in R&D to create better products. Manufacturers have been observed making significant investments to develop new products and at the same time improve user experience. Furthermore, researchers are focusing on developing dependable and cost-effective products.

North America is expected to account for a large segment of the wearable camera market during the forecast period. This increase can be attributed to the region's law enforcement agencies' increased use of wearable cameras. The possible explanation for this is to increase transparency in the police investigation process, increase officer accountability, and reduce instances of misconduct while also recording the citizen's behavior, such as during a suspect interview or a sobriety test. Furthermore, these recordings could be used as evidence in court, such as in cases of domestic violence. These factors are expected to catalyze the wearable camera industry's growth during the forecast period.

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Global Wearable Camera Market

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