The Wearable Camera market was valued at US$4.686 billion in the year 2019 and is expected to reach US$11.966 billion by 2026, growing at a CAGR of 14.33%. Wearable cameras are portable cameras that can be attached to body parts or accessories without being discovered. The prime purpose of wearable cameras is to record the ongoing situation for better clarity. Owing to this feature, the product has a wider adoption in industries, such as crime control, healthcare, news and investigation, and sports and fitness. Increasing investment in these industries coupled with higher demand for better situation analysis through video and/or audio recording is expected to drive in significant demand. Moreover, the other reason which is expected to drive the market growth during the forecast period is the growing demand for smart wearable devices. Technological innovation in the industry has resulted in the launch of smart wearable devices for better comfort and services, which is expected to increase the demand for wearable cameras in accessories and hence drive the market growth. However, privacy issues accompanied by significant costs have the potential to constrain the market, limiting the prospects.
Based on geography, the wearable camera industry is divided into North America, South America, Europe, Middle East and Africa, and Asia Pacific region. The North America and Europe regions are expected to dominate the wearable camera market owing to state-of-art infrastructure, high sports, fitness, and law enforcement budget, and increasing adoption of the wearable device. The Asia Pacific region is expected to emerge as a prime supplier of wearable cameras and accessories owing to the emerging manufacturing industry. China, India, South Korea, and Vietnam are emerging as manufacturing hubs for electronic goods globally. Furthermore, a significant increase in disposable income is also expected to create robust market demand for smart wearables and hence provide a promising growth prospect.
Impact of COVID – 19
A rise in demand for smart wearable devices was observed during the outbreak of the covid-19 virus, owing to increased healthcare concerns. Data from IDC shows that the global wearable device market surged by 35.1% by Q3 2020, with total shipment reaching 125 million units. Increased smart wearable device market supported the market for wearable cameras during the pandemic.
September 2021, Product Launch. Xiaomi Corporation launched one-of a kind smart glass, which is a smart wearable device that integrates intelligence functions into eyewear. The smart glass has the capability to capture photos, display texts, make calls, notify the user, and navigate. MicroLEDs are installed in these smart glasses which provide superior display while providing safety to the human eye.
|Market size value in 2019||US$4.686 billion|
|Market size value in 2026||US$11.966 billion|
|Growth Rate||CAGR of 14.33% from 2019 to 2026|
|Forecast Unit (Value)||USD Billion|
|Segments covered||End-User Industry, Type, Product, And Geography|
|Regions covered||North America, South America, Europe, Middle East and Africa, Asia Pacific|
|Companies covered||Digital Ally, Panasonic, Garmin, GoPro, Narrative, AXON, Xiaomi, Pinnacle Response, Sony Corporation, Contour|
|Customization scope||Free report customization with purchase|
Frequently Asked Questions (FAQs)
Q1. What are the growth prospects for the wearable camera market?
A1. The wearable camera market is expected to grow at a CAGR of 14.33% during the forecast period.
Q2. What is the size of global wearable camera market?
A2. Wearable Camera Market was valued at US$4.686 billion in 2019.
Q3. Who are the major players in the wearable camera market?
A3. Prominent/major key market players in the global wearable camera market include Digital Ally, Panasonic, Garmin, GoPro, and Narrative among others.
Q4. What will be the wearable camera market size by 2026?
A4. The global wearable camera market is expected to reach a total market size of US$11.966 billion by 2026.
Q5. What factors are anticipated to drive the wearable camera market growth?
A5. The increasing popularity of wearable cameras and the growing interest of individuals in sports and adventure activities are expected to drive the demand for the market.
1.1. Market Definition
1.2. Market Segmentation
2. RESEARCH METHODOLOGY
2.1. Research Data
3. EXECUTIVE SUMMARY
3.1. Research Highlights
4. MARKET DYNAMICS
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. The threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
5. WEARABLE CAMERA MARKET, BY END-USER INDUSTRY
5.2. Sports and Fitness
5.3. Military and Défense
6. WEARABLE CAMERA MARKET, BY TYPE
6.2. Head Mount
6.3. Body Mount
7. WEARABLE CAMERA MARKET, BY PRODUCT
8. WEARABLE CAMERA MARKET, BY GEOGRAPHY
8.2. North America
8.2.1. North America Wearable Camera Market, By End User Industry, 2019 to 2026
8.2.2. North America Wearable Camera Market, By Type, 2019 to 2026
8.2.3. North America Wearable Camera Market, By Product, 2019 to 2026
8.2.4. By Country
220.127.116.11. United States
8.3. South America
8.3.1. South America Wearable Camera Market, By End User Industry, 2019 to 2026
8.3.2. South America Wearable Camera Market, By Type, 2019 to 2026
8.3.3. South America Wearable Camera Market, By Product, 2019 to 2026
8.3.4. By Country
8.4.1. Europe Wearable Camera Market, By End User Industry, 2019 to 2026
8.4.2. Europe Wearable Camera Market, By Type, 2019 to 2026
8.4.3. Europe Wearable Camera Market, By Product, 2019 to 2026
8.4.4. By Country
18.104.22.168. United Kingdom
8.5. The Middle East and Africa
8.5.1. Middle East and Africa Wearable Camera Market, By End User Industry, 2019 to 2026
8.5.2. Middle East and Africa Wearable Camera Market, By Type, 2019 to 2026
8.5.3. Middle East and Africa Wearable Camera Market, By Product, 2019 to 2026
8.5.4. By Country
22.214.171.124. Saudi Arabia
126.96.36.199. South Africa
8.6. Asia Pacific
8.6.1. Asia Pacific Wearable Camera Market, By End User Industry, 2019 to 2026
8.6.2. Asia Pacific Wearable Camera Market, By Type, 2019 to 2026
8.6.3. Asia Pacific Wearable Camera Market, By Product, 2019 to 2026
8.6.4. By Country
188.8.131.52. South Korea
9. COMPETITIVE ENVIRONMENT AND ANALYSIS
9.1. Major Players and Strategy Analysis
9.2. Emerging Players and Market Lucrativeness
9.3. Mergers, Acquisitions, Agreements, and Collaborations
9.4. Vendor Competitiveness Matrix
10. COMPANY PROFILES
10.1. Digital Ally
10.7. Pinnacle Response
10.8. Sony Corporation
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