Worldwide action camera market up nearly 50%

According to the latest report from Futuresource Consulting, the worldwide action camera market grew by 44% year on year in 2014, reaching 7.6 million units, with a retail value of $3.2 billion. The report, which tracks annual volume, value and average price from 2013 to 2019, forecasts continued growth, in both volume and value, up to 2019 and beyond.
 
The Worldwide Action Camera Market Report tracks 13 countries and six regions and cites North America and Europe as the two largest markets. However, although we will see continued growth over the coming years, a number of factors, including lengthening replacement cycles, will see the growth begin to slow. At the same time, Asia Pacific has witnessed the strongest growth and is set to continue growing rapidly.
 
Currently consumer sales, mainly for extreme sports has accounted for the vast majority of worldwide demand, however professional sales are set to accelerate, driven mainly by TV production, emergency services, and security.
 
According to Futuresource, another key trend is price polarization, with growing sales for models priced under $200, whlle at the same time seeing strong sales performance from higher value models.
 
“The action camera market has undergone a great deal of development over recent months,” commented Arun Gill, Market Analyst, Futuresource Consulting. “In particular, with 360 degree capture now available, we will see virtual reality applications emerge over the coming months, especially for sports broadcasting.”
 

For further information or to purchase the report, please visit 
http://futuresource-consulting.com/2015-07-Action-Cameras-Market-Growth-1235.html

Coming Up

GTC First Aid Course – Bristol

GTC First Aid Course – Bristol
10 Mar 20 @ Films@59, 59 Cotham Hill, Clifton, Bristol BS6 6JR

GTC First Aid Course – Manchester

GTC First Aid Course – Manchester
12 Mar 20 @ Provision Manchester, Space Studios, Vaughan St, Manchester M12 5FQ

SBCine Expo, Brussels

SBCine Expo, Brussels
13–14/03/2020 @ Tour et Taxis, Shed 2 Avenue du Port 86C, 1000 Bruxelles, Belgium

Media Production and Technology Show 2020

Media Production and Technology Show 2020
13–14/05/2020 @ Olympia, London

View all

Search for Camera Crew

AdvertisementAdvertisementAdvertisement