Global Action Camera Market
The GMI Research foresees an expansion in the Action Camera Market over the forecast period. This is because of the accessibility of extensive range of modern action camera, ease of shopping, and the easy comparison between different models and prices.
Introduction of the Action Camera Market
An action camera is a condensed handheld or fixture digital camera used to seize pictures and videos primarily in the course of a trip, or event and enables minimum interaction with the camera while recording.
Action Camera Market Dynamics
The increasing prominence of action camera market is primarily because of the accelerating number of travellers and surging need to record superior quality videos and photos in different environments. Also, action cameras offer several benefits such as higher storage capacity, durability, image steadiness, superior quality of images while on bike or surfboard will stimulate the market growth. Moreover, as per the Action Camera Market Forecast, the World Travel and Tourism Council (WTTC) states that the travel & tourism sector encountered a growth of 3.5% in 2019, which is nearly 10.3% of the overall GDP, will offer huge growth opportunities for the market.
Besides this, as per the Action Camera Market Analysis, the vogue of supports events and the admiration to share content on social media platforms, which include twitter, snapchat, Instagram, and Facebook, as well as, the mounting number of social media influencers will strengthen the market growth. However, the extortionate price of action cameras is hindering the market growth. In addition, accessibility of economical smartphones with sophisticated camera features will further curb the Action Camera Market Size.
Resolution Segment Drivers
The ultra HD segment is anticipated to experience a huge growth over the coming years. This is because of the benefit of action camera to capture superior quality videos to play on smartphones, computers and TVs. Additionally, increasing implementation of 4K video footage in digital television and cinematography will encourage the Global action cameras market size.
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