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(IT-NEWSWIRE.COM, May 12, 2017 ) Wearable cameras are worn on the body parts such as head, ear, and eye. Thus, users do not need to hold them by hands to record events. The high penetration of wearable camera in the adventure tourism industry will drive the growth prospects for the global wearable camera market from 2017 to 2021. Wearable cameras are increasingly used to capture various outdoor sports events such as triathlon, adventure racing, freestyle skiing, climbing, trekking, snowboarding, and bicycling with low distortion of the frame, which positively impacts the market. Factors such as the increasing number of adventure tourists, growing number of safety standards for adventure tourism, enhancement of safety standards, and the improvement in various outdoor activity equipment, will boost the confidence of a multitude of users to participate in adventurous activities.
North America is currently the largest market for a wearable video camera since the region accounts for the highest per capita disposable income and will maintain its dominance over the projected period. The region comprises of a vast number of adventure enthusiasts, adventure destinations, and outdoor enthusiasts, and has a high per capita disposable income, which will be major factors fueling market growth in this region.
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Technavios analysts forecast the global wearable camera market to grow at a CAGR of 16.86% during the period 2017-2021.
Report covers the present scenario and the growth prospects of the global wearable camera market for 2017-2021. To calculate the market size, the report considers the revenue generated through sales of wearable cameras along with their respective mounts or straps which are used to wear them on the body.
The market is divided into the following segments based on geography: APAC Eastern Europe MEA North America South America Western Europe
Technavio's report, Global Wearable Camera Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors Drift Garmin iON Rollei Sony
Browse Full Report with TOC - http://www.marketresearchhub.com/report/global-wearable-camera-market-2017-2021-report.html
Other prominent vendors BRAUN PHOTO TECHNIK Brinno Chilli Technology Delkin Devices Hitachi iSAW JVC Liquid Image Looxcie Mobius ActionCam Pivothead Pyle Audio Toshiba VIOFO VIEVU
Market driver Growing popularity of social networking sites For a full, detailed list, view our report
Market challenge Rising popularity of smartphones For a full, detailed list, view our report
Market trend Increasing implementation of product bundling strategy
For a full, detailed list, view our report
Key questions answered in this report What will the market size be in 2021 and what will the growth rate be? What are the key market trends? What is driving this market? What are the challenges to market growth? Who are the key vendors in this market space? What are the market opportunities and threats faced by the key vendors? What are the strengths and weaknesses of the key vendors?
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