Wearable Camera Market Size, Share, Opportunities, COVID 19 Impact, And Trends By End User Industry (Sports And Fitness, Military And Defence, Manufacturing, Healthcare, Others), By Type (Head Mount, Body Mount, Others), By Product (Cameras, Accessories), And By Geography - Forecasts From 2021 To 2026

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.

Growth Factors

• Surging demand for smart wearable devices and preference towards technologically advanced models having the features of capture and record will increase the market adoption of the wearable camera and hence drive the market growth.One of the prime reasons which are projected to drive notable growth in the wearable device market surging demand for smart wearable devices. With technological innovation and a rise in disposable income, the consumer has increased their expenditure on a smart wearable device having the feature of photo, video, and audio capturing, which is anticipated to increase the demand for wearable cameras by the smart device industry.

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.

Key Developments

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.

Wearable Camera Market Scope:

Report Metric	Details
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
Base year	2019
Forecast period	2021–2026
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

Key Segmentation:

• By End-Users Industry
  • Sports and Fitness
  • Military and Défense
  • Manufacturing
  • Healthcare
  • Others
• By Type
  • Head Mount
  • Body Mount
  • Others
• By Product
  • Camera Accessories
• By Geography
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • Germany
    • United Kingdom
    • France
    • Italy
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Israel
    • South Africa
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Thailand
    • Indonesia
    • Taiwan
    • Others

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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.