Global Underwater Camera Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
“Global Underwater Camera Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global underwater camera market report has been segmented on the basis of end user, sales channel, and region.
Global Underwater Camera Market: Introduction
Underwater camera is a device to capture different types of images such as moving images as well as still images under the water. Underwater camera is commonly used while activities such as scuba diving, snorkeling, swimming, and others underwater activities.
Global Underwater Camera Market: Dynamics
The global underwater camera market is expected to register a significant growth rate in terms of revenue, owing to rapid urbanization and increasing spending capacity of the consumers. In addition, increasing penetration of Internet and rising influence of social media to share experiences and pictures are other major factors expected to support growth of the global underwater camera market over the forecast period. Rising adoption of underwater cameras especially by young population to capture underwater elements such as sponges, fishes, ship wrecks while adventure trips is expected to support revenue growth of the global underwater camera market.
Major factor hampering growth of the global underwater camera market is high cost of products. In addition, lack of awareness among individuals in some region is another factor hampering growth of the global underwater camera market.
Global Underwater Camera Market: Segment Analysis
Among the end-use segments, the personal segment is expected to account major revenue contribution in the global underwater camera market. This can be attributed to increasing adoption by individuals or adventure tourists in order to capture their underwater experiences and share it through social media platforms such as Instagram, Facebook, and Snapchat.
Among the sale channel segments, the online segment is expected to account major revenue contribution, owing to increasing Internet penetration and rising awareness about benefits of purchasing products online with best deals.
The advancement of USV research is mainly due to its naval military applications, that led to the development of different prototypes of USVs for different uses. Notably, research on construction applications of USVs is limited to marine and ocean science literature
Global Underwater Camera Market: Regional Analysis
Asia Pacific market is estimated to account for major share in terms of revenue in the global underwater camera market. Asia Pacific market is expected to register highest growth over the forecast period, owing to increasing presence of prominent players, large number of consumers, and rising spending capacity. In addition, integration of underwater cameras with smartphones, coupled with ability to share real-time images on social media platforms is expected to present new opportunities for major players in the global underwater camera market. Rising awareness of tourist destinations such as Maldives, Indonesia, and Malaysia is also to drive growth of the Asia Pacific market over forecast year. China market is projected to account for significant share in terms of revenue in the Asia Pacific, whereas the India market is estimated to register moderate CAGR over the next 10 years. Markets in Europe and North America are expected to register considerable growth rate over the forecast period owing to booming tourism sector in these regions.
Global Underwater Camera Market Segmentation:
Segmentation by End User:
Segmentation Sales Channel:
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- 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)
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