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Global Wearable Camera Market Predicted to Grow at a CAGR of 16.86% during the period 2017-2021

(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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About Market Research Hub

Market Research Hub (MRH) is a next-generation reseller of research reports and analysis. MRH’s expansive collection of market research reports has been carefully curated to help key personnel and decision makers across industry verticals to clearly visualize their operating environment and take strategic steps.

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