Market Research Future published a research report on “Waterproof Camera Market Research Report- Global Forecast 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.
Pune, India – January 10, 2019 —
The waterproof camera market is growing rapidly. High development in the field of technology and heavy investment in the development of new product by the key players is driving the global market whereas the major challenges identified in the market are high cost and rising smartphones market. For the purpose of this study, the global Waterproof Camera Market has been segmented on the basis of type, range, application and region.
On the basis of type, normal waterproof camera is dominating the market with more than 60% of market share and is expected to grow with 20% of compound annual growth rate during the year 2017 to 2023 whereas on the basis of range, demand for 10-30m waterproof cameras are high and the market of 10-30m waterproof camera is expected to grow with 20% of CAGR. On the basis of application, the travel and tourism industry is dominating the waterproof camera market with more than 20% of market share. Government initiative around the world to promote the tourism industry is playing a key role in the growth of waterproof camera market. On the basis of regions, North America is dominating the waterproof camera market whereas Asia-Pacific has emerged as fastest growing market with 23% of compound annual growth rate.
The global Waterproof Camera market is expected to grow at USD 10.4 billion by the end of year 2023 with 18.5% CAGR during forecast period 2017-2023.
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The prominent players in the market of Waterproof Camera market are – Fujufilm (Japan), Nikon (Japan), Go-Pro (U.S.), Canon (Japan), Kodak (U.S.), Honeywell International Inc. (U.S.), Panasonic Corporation (Japan), Robert Bosch Gmbh (Germany), FLIR Systems (U.S.), Olympus (Japan) among others.
The global waterproof camera market has been segmented on the basis of application, range, types, and lastly, region. On the basis of application, this market has been segmented into media & entertainment, security & surveillance, and travel & tourism. Waterproof cameras are useful for shooting underwater scenes in movies and TV shows. For security and surveillance, they are useful in water-themed amusement parks and swimming pools in order to ensure that people with limited swimming skills do not drown in the water at a time when everybody is busy in having fun. As mentioned earlier, they are used in the travel and tourism industry because they help tourists to capture the view of every scenic beauty of nature without them being worried about the weather.
Based on range, the market has been segmented into 10-30 m, 30-60 m, 60-80 m, and 80 m & above. By type, the market is segmented into disposable waterproof cameras and normal waterproof cameras. Disposable underwater cameras are cheap and have a limited functioning span. They are used for fun activities like snorkeling and can take pictures within 33 feet depth. The distance between a disposable waterproof camera and the object to be photographed should be maximum 33 feet (underwater).
Market Research Future Analysis
The Global Waterproof Camera market is expected to witness rapid growth in the demand in next couple of years. In the year 2016, 32 Million waterproof cameras were shipped around the world and is expected to grow at more than 100 million by the end of year 2023. Integration of advance technologies and growing application areas are some of the major factors driving the market of waterproof camera.
Latest Industry News
Z-Edge WiFi sports action cam is a newly launched waterproof camera available for $ 70. It offers all features of GoPro at a fraction of the latter’s cost. 26 JUL 2018
Fujifilm, the Japanese giant in the market of waterproof cameras, has announced the launch of a new waterproof digital camera, named the FinePix XP130. This is the first camera in the XP series to feature Bluetooth connectivity. 24 JAN 2018
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• Camera Manufacturers and Suppliers
• Waterproof Technology Solution Providers
• Research firms
• Consultancy firms
• Semiconductor Manufacturing Companies
• End-user sectors
• Technology Investors
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Name: Abhishek Sawant
Organization: Market Research Future
This news is published on Reuters.