Action Camera Market size to grow at a CAGR of over 22% from 2016 to 2023

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Action Camera Market size anticipated to grow at
a CAGR of over 22 from 2016 to 2023 Global
Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
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Regional Analysis of Action Camera Market

• Asia Pacific action camera market size is
  expected to witness high growth owing to rising
  customer demand across the region.
• Europe is predicted to experience stable growth
  from 2016 to 2023.

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• Application Analysis of Action Camera Market
• Sports application is likely to capture major
  industry share over the forecast period.
  Furthermore, professional sales are mainly driven
  by emergency services, security and TV
  productions. Price polarization is predicted to
  be the key action camera market trend.
• The industry is likely to experience substantial
  demand from professional athletes as this device
  helps in monitoring as well as improving their
  performance on field.
• Increasing significance of smartphones is
  expected to hamper industry growth from 2016 to
  2023. Enhanced features such as high image and
  video quality offered by smartphone cameras are
  forecast to hinder demand.

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Competitive Market Share of Action Camera
Market

• Key participants accumulating significant action
  camera market share include GoPro, Drift
  Innovation, Contour, Garmin, iON Worldwide, JVC
  Kenwood, Rollei, PLR IP (Polaroid), Sony, and
  Veho.
• Other prominent partners are Brinno, Braun Photo
  Technik, Chilli Technology, EyeSee360, Geonaute,
  Delkin Devices, GoPole, Hitachi, HEDCAMz, iSAW,
  Liquid Image, Mobius, Panasonic, Oregon
  Scientific, PAPAGO, RePlay XD, Pyle Audio,
  Toshiba, Shimono, Vievu, Viofo, VIO POV and
  Xsories.

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