Global Underwater Camera Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
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Underwater Camera Market: Overview
The underwater Camera Market was valued at $24 million in 2020 & is projected to reach $34 million by 2030. It is expected to grow at a 5% CAGR between 2021 and 2030.
An underwater camera is a device to captures different types of images such as moving images as well as still images under the water. An underwater camera is commonly used while activities such as scuba diving, snorkeling, swimming, and other underwater activities.
The global underwater camera market is expected to register a significant growth rate in terms of revenue, owing to rapid urbanization and the increasing spending capacity of consumers.
In addition, increasing penetration of the Internet and the rising influence of social media to share experiences and pictures are other major factors expected to support the growth of the global underwater camera market over the forecast period.
Rising adoption of underwater cameras especially by the young population to capture underwater elements such as sponges, fishes, and shipwrecks while adventure trips are expected to support revenue growth of the global underwater camera market.
The major factor hampering the growth of the global underwater camera market is the high cost of products. In addition, the lack of awareness among individuals in some regions is another factor hampering the growth of the global underwater camera market.
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 them 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 raising awareness about the benefits of purchasing products online with the best deals.
The advancement of USV research is mainly due to its naval military applications, which 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
Underwater Camera Market: Regional Analysis
Asia Pacific market is estimated to account for a major share in terms of revenue in the global underwater camera market.
Asia Pacific market is expected to register the highest growth over the forecast period, owing to the increasing presence of prominent players, a large number of consumers, and rising spending capacity.
In addition, the integration of underwater cameras with smartphones, coupled with the 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 the growth of the Asia Pacific market over the forecast year.
China market is projected to account for a significant share in terms of revenue in the Asia Pacific, whereas the Indian market is estimated to register a moderate CAGR over the next 10 years.
Markets in Europe and North America are expected to register a considerable growth rate over the forecast period owing to the booming tourism sector in these regions.
Underwater Camera Market Segmentation:
Segmentation by End User:
Segmentation Sales Channel:
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- 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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