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Wearable Camera Market By Type (Head Mount, Body Mount, Ear Mount & Smart Glass) By Product (Cameras, Accessories) By Application (Sports & Fitness, Military & Defence, Manufacturing, Healthcare, Others) - Growth, Future Prospects & Competitive Analysis, 2016 - 2028

About this report

The global wearable camera market report explores a critical analysis of the wearable camera industry using key parameters. The report consists of investment strategies, the need for investments in the wearable camera industry, and the multiple benefits for investors. Importantly, this report sets out major changes in the global technical regulations for the wearable camera industry and how economic and non-economic barriers are helping the market grow. Moreover, the report analyzes the global, regional, and country-level historic and forecasted market sizes. The report also provides a comprehensive analysis of key investment propositions, the demand and supply gap, competitor positioning, STAR analysis, SRC analysis, and Tornado analysis. Key technological developments and other analyses such as Porter's five forces analysis, PESTEL analysis, value chain analysis, etc.

REPORT ATTRIBUTE DETAILS

Wearable Camera Market by Volume

Yes

Wearable Camera Market by Value

Yes

Wearable Camera Market, Tornado Analysis

Yes

Wearable Camera Market, STAR Analysis

Yes

Wearable Camera Market, SRC Analysis

Yes

Wearable Camera Market, Import-Export Data

Yes (On Demand)

Wearable Camera Market Pricing Analysis

Yes (On Demand)

Wearable Camera Market Segment Analysis

By Type (Head Mount, Body Mount, Ear Mount & Smart Glass)

By Product (Cameras and Accessories)

By Application (Sports & Fitness, Military &Defence, Manufacturing, Healthcare, and Others)

Wearable Camera Market, Regional Analysis

North America (the US and Canada)

Europe (Germany, UK, France, Italy, Spain, and the Rest of Europe)

Asia Pacific (China, India, Japan, South Korea, Southeast Asia, and the Rest of Asia Pacific)

Latin America (Brazil, Mexico, and the Rest of Latin America)

The Middle East and Africa (GCC Countries, South Africa, and the Rest of the Middle East and Africa)

Wearable Camera Market Key Companies

Sony Corporation, Contour LLC, Garmin Ltd.

GoPro Inc., Narrative AB, Pinnacle Response Ltd., Axon Enterprise Inc., Vievu LLC, Drift Innovation Ltd. And Xiaomi

Wearable Camera Market Competitive Landscape

Market Share Analysis

Competitive Benchmarking

Key Players Market Positioning

Geographical Presence Analysis

Major Strategies Adopted

Key Highlights of the Report

How are the major segments performing in the wearable camera market?

  • In 2021, the head-mount segment accounted for the highest share of the global market due to wearable cameras being compact and sturdy bodies suitable for automatic lighting adjustment, large storage, and incredible portability with hands-free recording capability.
  • In 2021, the sports and fitness segment was anticipated to hold the largest share of the global wearable camera market, as it is widely used in various sports and fitness events.

Which region dominated the wearable camera market?

In 2021, the North American region was anticipated to hold a major share of the global wearable camera market due to the large consumer base for innovative wearable products and the increasing adoption of wearable cameras by law enforcement agencies in the countries in the region. Moreover, the highest technology exposure and availability of smart devices have created a strong market for wearable cameras in the region.

How is the US market performing in the wearable camera market?

In 2021, the North American region was anticipated to hold the largest share of the global wearable camera market. In the U.S., wearable cameras have evolved rapidly through federal funding programs. The U.S. is expected to be a major contributor to wearable camera markets. High technology acquaintance and the easy availability of wearable cameras are factors expected to fuel the growth of the global wearable camera market in the region.

What is the competitive environment of the wearable camera market?

The semiconductor industry's competitive environment provides information on the entire economic profit made by suppliers and businesses, the sales and revenues created in this sector, the wearable camera market share globally, the business organization summary, the introduction of new products, and the opportunities for the industrial wearable camera market. The major player in the wearable camera market is focusing on product innovation to create and launch new products to maximize their sales potential. For instance: In September 2021, Xiaomi Corporation, a consumer electronics organization based in China, announced the launch of a new smart wearable device. The smart glass can capture photos, navigate, and make calls. The smart glass has MicroLEDs that provide a good display while protecting the eye.

Executive Summary

How is the wearable camera used in the healthcare sector?

Wearable cameras are expected to register significant growth in the healthcare sector. Wearable cameras are used in hospitals and clinics to monitor daily activities and record diet plans and other diagnostic treatments without patient intervention. For memory prostheses, hospitals began to use assistive technology devices (ATD) and lifelogging cameras.The device can be worn around the neck and records a patient’s daily life. The captured images are then uploaded to a computer and analyzed by a specialist for further diagnosis.

Which are the key investments by the wearable camera market players?

Several companies focus on growth strategies such as product approvals, product launches, and many others, such as patents and events. The growth strategies and activities witnessed in the market were acquisitions, partnerships, and collaborations. These activities have paved the way for business expansion and market players' customer bases. The market players in the wearable camera market are expected to have significant growth opportunities in the future with the rising demand in the global market. For instance: In 2022, Veo, a Danish AI sports camera start-up, raised US $80 million in a Series C funding round. The company is known for its portable, automated sports cameras that help analyze player performance and other metrics for training. The new funding will be used to expand Veo's business potential across the world.

Some major players in the wearable camera market are Sony Corporation, Contour LLC, Garmin Ltd., GoPro Inc., Narrative AB, Pinnacle Response Ltd., Axon Enterprise Inc., Vievu LLC, and Drift Innovation Ltd., as well as Xiaomi.

What are the major driving factors for the wearable camera market?

The growing adoption of wearable cameras in several applications, such as sports and adventure, security, healthcare, consumer, enterprise, and industrial, is driving the growth of the global market. The advancement of Internet accessibility and usage of different social media sites have encouraged users to adopt wearable camera devices, which is another factor driving the growth of the global wearable camera market. In addition, high adoption across residential and commercial applications is fuelling the growth of the global wearable camera market. Growing demand for features like the convenience of hands-free operation and a unique experience is expected to fuel global market growth during the forecast period. Furthermore, the innovative use of cameras for capturing personal experiences and expanding professional applications contribute to the market's attractiveness.

wearable-camera-market

What are the major risks for the wearable camera market?

Social issues related to wearable cameras, such as illegal surveillance, unauthorized media recording, and so on, have become quite common.Also, music festivals, offices, and others have prohibited the person from wearing a camera, which may hamper the market's growth. In addition, the high cost of wearable cameras is a factor hampering the growth of the global market. Wearable cameras are expensive, and lack of awareness among individuals is another factor hampering the growth of the global market.

Which is the key type in the wearable camera market?

The head-mount segment is projected to hold a prominent share of the global wearable camera market during the forecast period, owing to technological advancements in wearable cameras coupled with the head-mount wearable cameras gaining huge popularity among worldwide users and being expected to fuel the growth of the market. Increasing demand from users for head-mount wearable cameras to have compact, comfortable, and portable devices is expected to fuel this segment's growth. Furthermore, the increasing popularity of head-mount wearable cameras in the broadcasting industry drives the growth of the global market.

How is the wearable camera market performing in different regions?

North America's wearable camera market is accounted for the highest revenue share in the global market due to the large consumer base for innovative wearable products and major manufacturers in countries such as the US and Canada. The US is expected to be a major contributor to wearable camera markets. The ease of access to smart devices and technological knowledge is expected to drive the growth of the region's wearable camera market.In developed countries, state and local police departments and law enforcement offices are fuelling the demand for wearable cameras.

The market in Asia Pacific is expected to register the highest CAGR, owing to rising disposable income and the expansion of the electronics industry. Advancements in technology, an increase in the number of wearable camera shipments, and the availability of Internet connectivity are some factors projected to boost the need for a wearable camera. Also, China is projected to lead the regional market landscape owing to an increase in research and development investment funding.

What is the regulatory landscape for the wearable camera market?

The regulation allows companies to freely collect, use, and share data from wearable devices and their corresponding mobile applications. Consequently, consumers have become dependent on the discretion of wearable device manufacturers to adopt fair and ethical privacy practices.

What is the value market size of wearable cameras?

The global wearable camera market is projected to grow at a significant CAGR of 16.20% in the upcoming years. The global wearable camera industry was estimated to be worth USD 4255.2 million in 2021 and was projected to be worth USD 10475.0 million by 2028.

What are the major players planning for the future of the wearable camera market?

Innovative product launches, joint ventures, mergers and acquisitions, and geographical expansions are major strategies key players adopt in wearable cameras. Many major companies are focusing on new products on the market. Panasonic, Digital Ally, Garmin, GoPro, and Narrative are major players in the global wearable camera market. Players are implementing various growth strategies to gain a competitive advantage over competitors in the wearable camera market.

Segmentation of the Global Wearable Camera Market-

Global Wearable Camera Market – By Type

  • Head Mount
  • Body Mount
  • Ear Mount & Smart Glass

Global Wearable Camera Market – By Product

  • Cameras
  • Accessories

Global Wearable Camera Market – By Application

  • Sports & Fitness
  • Military &Defence
  • Manufacturing
  • Healthcare
  • Others

Global Wearable Camera Market – By Region

  • North America
    • US
    • Canada
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • South-east Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of the Middle East and Africa

Frequently asked questions about the global Wearable Camera Market

COVID-19 had a substantial impact on the market due to the outbreak of the COVID-19 pandemic. Several sporting events, which extensively use body cameras, got stopped. In addition, activities like lifelogging are halted due to restrictions on the movement of people across the globe, thereby reducing the usage of wearable cameras.

North America accounted for the largest share of the global wearable camera market due to major manufacturers and a large consumer base for wearable products.

Growing adoption of the wearable camera across residential and commercial applications is one of the factors expected to drive the growth of the global market.

The head mount segment had a major global market share in 2021.

The cameras segment had a major share in the global market.

Wearable Camera Market Scope

Report Attribute Details
Market Value in 2021 USD 4255.2 million
Market Value in 2028 USD 10475.0 million
CAGR 16.20%
Benchmarking Year 2021
Past data 2016 – 2021
Forecast period 2022 – 2028
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Trusted By
Godaddy
Published Date:  Nov 2022
Category:  Technology & Media
Report ID:   60786
Report Format:   PDF
Pages:   130
Rating:    4.7 (40)
Delivery Time: 24 Hours to 48 Hours   
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