Global Action Camera Market to See Nearly 23% CAGR, Projects Beige Market Intelligence in Its Discounted Report Available at MarketPublishers.com26 Dec 2016 • by Natalie Aster
LONDON – The global action camera market is poised to reach a value of more than USD 10 billion at a nearly 23% CAGR to 2021. The market is driven by exciting trends such as the rising propensity to spend on the emerging home electronics categories, a hike in comparative importance of outdoor pursuits, and the usage of social media. Omnipresence of digital imaging and social connectivity, drastic advancements in the film industry and the need for special effects are amid other important market growth driving factors.
The entrance of new players in the market is poised to impact the quality, price, and characteristics of action cameras, which in turn will benefit end-users as action cameras with advanced features and better quality will likely be available at lower prices thus stimulating the market growth.
APAC dominates the consumer electronics market, led mainly by India and China. The North American action camera market is quite mature, with the region capturing close to 40% of the total action camera market by volume as of 2015. The demand for action cameras in North America is poised to surpass the USD 3.51 billion mark by 2021.
Discounted research report “Global Action Camera Market - Strategic Assessment and Forecast Till 2021” created by Beige Market Intelligence offers a deep, granular analysis of the current scenario and growth rate of the world action camera sector, along with presenting detailed market forecasts to 2021.
The study provides segmentation of the marketplace based on resolution standard, end-user, and by geographic region; it offers a granular analysis of each market segment by shipment and revenue. The report includes a detailed discussion of the emerging trends in the industry, details the forces driving the growth of the worldwide action camera marketplace. It also gives an insightful analysis of the market size and leading market share holders across all the regions as well as provides the market size and forecasts with respect to specific countries. The study profiles the top firms in the global action camera market and canvasses the competitive scenario and market shares of top global players.
More discounted and new research studies by the publisher can be found at its page.