The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Head Mount Wearable Cameras market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Head Mount Wearable Cameras
The report offers actionable and valuable market insights of Head Mount Wearable Cameras. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Head Mount Wearable Cameras Market across various industries and regions.
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This newly published and insightful report sheds light on Market Insights of Head Mount Wearable Cameras, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Head Mount Wearable Cameras Market.
Wearable cameras are cameras that can be conveniently latched on a part of the body and are usually miniature in size. They are designed keeping in mind the mechanics and user-friendliness and are equipped with advanced features and functions that allow live streaming of motion events in high-resolution.
Depending on the specific end user’s needs, the features are incorporated. They have a wide range of applications such as in sports and adventure, security, healthcare, and industrial.
Competition Tracking of Global Wearable Cameras Market
Some of the key companies whose product development initiatives and consolidation strategies are expected to be crucial in the evolution of the wearable cameras market are
- Hitachi Ltd.
- Axon Enterprise Inc.
- Pinnacle Response
- iON America LLC
- GoPro Inc.
- Garmin International Inc.
- Digital Ally, Inc.
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Fact.MR’s recent study reveals that the global wearable cameras market is set to surpass a valuation of US$ 9,120 Mn, by 2022, reflecting a robust CAGR during the forecast period (2017-2022). Demand for wearable cameras has escalated due to the increasing popularity of various adventure sports such as mountain biking, hiking, skiing, sky diving, and trekking among others. People who participate in these sports activities use wearable cameras for live streaming and recording their experience.
Moreover, the growth of the travel and tourism sector is also reflecting favourably on the global market for wearable cameras. Broadcasting organisations are rapidly incorporating wearable cameras for live telecast of sporting events in order to offer player’s infield viewpoint or perspective to viewers. Wearable cameras are mounted on players during the game that stream the real time incidences happening with the player. Owing to their high performance and efficiency, military application of wearable cameras have also increased of late. However, most wearable cameras have fragile components that remain highly expensive, which to an extent is hampering their sales.
Additional Highlights from Fact.MR’s Report on Wearable Cameras Market Include:
On the basis of product type, the head mount wearable camera segment is expected to remain dominant throughout the forecast period followed by the body mount wearable cameras. The head mount wearable camera segment currently represent a substantial percentage of the global market in terms of revenue. By the end of 2022, this segment is estimated to surpass a market valuation of US$ 4,800 Mn.
By distribution channel, the sport stores segment is expected to retain its top position over the assessment period. In terms of revenue, the segment is projected to command for more than one-fourth market share by 2017-end. Between 2017 and 2022, the sport stores distribution channel segment is anticipated to exhibit a strong CAGR of 14%.
On the basis application, the industrial segment is expected to stay highly attractive in the foreseeable future. Currently, the segment represents close to 24% revenue share of the global market for wearable cameras. Towards the end of forecast period, the industrial application segment is set to reach a market valuation of over US$ 2,300 Mn.
By price-based, the economy and mid-range price segments are expected to dominate during the forecast period. Both the segments are expected to collectively account for nearly two-third revenue share of the global market by 2017-end.
Among regions, North America will continue to lead the global market for wearable cameras during the forecast period. Sales of head mount wearable cameras is significantly high in the region. The market for wearable cameras in North America is projected to reflect a CAGR of 15.7% during 2017 to 2022.
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More Valuable Insights on Head Mount Wearable Cameras Market
Fact.MR, in its new report, offers an unbiased Market Analysis of Head Mount Wearable Cameras, Sales and Demand of Head Mount Wearable Cameras, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.
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