According to a recent study by Fact.MR, the global wearable cameras market is expected to reach a valuation of US$ 9,120 Mn by 2022, indicating a strong CAGR over the forecast period (2021-2031).
The popularity of adventure sports such as mountain biking, hiking, skiing, sky diving, and trekking, among others, has increased demand for wearable cameras. Wearable cameras are used by participants in these sports activities to live stream and record their experiences. Furthermore, the global market for wearable cameras is benefiting from the expansion of the travel and tourism sector. Broadcasting companies are rapidly incorporating wearable cameras into live telecasts of sporting events in order to provide viewers with a player’s infield perspective.
In the Wearable Cameras Market, manufacturers of Next-Generation Cameras will concentrate on the Head Mount type.
Wearable cameras come in a variety of forms, including head, body, and ear mounts. Head mount wearable cameras, in particular, have gained a lot of traction among users all over the world, thanks to their widespread use in outdoor activities like underwater recording.
The trend is reflected in the segment’s dominant share, which currently accounts for over 52% of global wearable camera sales.
The growing demand for technologically advanced head-mount cameras in the wearable market for users in developed regions is expected to keep demand high.
Wearable Cameras Market Attractiveness is Supported by Growing Professional Applications
The travel and tourism industry, as well as the sports industry, have made significant strides in the wearable camera market.
Wearable cameras, in particular, have been gaining traction among broadcasting studios for live streaming sporting events from multiple vantage points of the players on the field, fueling the wearable cameras market’s evolution.
The images and videos captivate the audience. Wearable cameras are becoming increasingly popular among law enforcement agencies, private investigators, secret shoppers, and others due to their potential for covert surveillance.
One of the key application areas driving the global market’s steady growth is the rising demand for police-grade body cameras in various countries.
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