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Action Camera Market size is set to grow by USD 3.65 billion from 2024-2028, Growing popularity of social networking sites boost the market, Technavio

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NEW YORK, July 18, 2024 /PRNewswire/ — The global action camera market size is estimated to grow by USD 3.65 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of over 15.11%  during the forecast period. Growing popularity of social networking sites is driving market growth, with a trend towards rapid shift in demand from developed nations to developing nations. However, rising popularity of smartphones  poses a challenge. Key market players include C and A Marketing Inc., CASIO Computer Co. Ltd., Chilli Tech Europe Ltd., Drift Innovation Ltd., Eastman Kodak Co., Garmin Ltd., GoPro Inc., HTC Corp., iON America LLC, Nikon Corp., Olympus Corp., Panasonic Holdings Corp., Ricoh Co. Ltd., Rollei GmbH and Co. KG., Shenzhen Amkovery Tech. Development Co. Ltd., SJCAM Ltd., Sony Group Corp., Toshiba Corp., Veho, and Xiaomi Communications Co. Ltd..

Get a detailed analysis on regions, market segments, customer landscape, and companies- View the snapshot of this report

Action Camera Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 15.11%

Market growth 2024-2028

USD 3657.3 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

12.8

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 35%

Key countries

US, China, UK, Germany, and France

Key companies profiled

C and A Marketing Inc., CASIO Computer Co. Ltd., Chilli Tech Europe Ltd., Drift Innovation Ltd., Eastman Kodak Co., Garmin Ltd., GoPro Inc., HTC Corp., iON America LLC, Nikon Corp., Olympus Corp., Panasonic Holdings Corp., Ricoh Co. Ltd., Rollei GmbH and Co. KG., Shenzhen Amkovery Tech. Development Co. Ltd., SJCAM Ltd., Sony Group Corp., Toshiba Corp., Veho, and Xiaomi Communications Co. Ltd.

Market Driver

The global action camera market is experiencing a significant transition from developed to developing nations. This shift is primarily due to the escalating popularity of adventure tourism and improving sports facilities in emerging economies. The reach of action cameras remains limited in countries like India and China, creating a vast business opportunity for vendors. Key driving factors for sales in developing nations include rising urbanization, increasing disposable income, growing usage of social media, and a burgeoning interest in photography. These trends are expected to boost the demand for action cameras during the forecast period. 

The action camera market is experiencing significant growth, driven by primary drivers like voice control technology and extreme sporting events. Global demand is high for these compact devices, particularly during seasonal cycles such as holidays and festivals. Consumers, both amateurs and professionals, are using action cameras to capture life experiences in Full HD, HD, Ultra HD, and standard resolution. Sports like mountaineering, rafting, boating, skiing, underwater sports, and even bicycle racing are popular use cases. Brands like YI Technology lead the market with innovative features like AI technologies and VR techniques. Accessories like dashboard mounts and underwater housings expand the market’s reach. Despite lockdowns, the market continues to thrive, with trends like Periscope and 360-degree cameras gaining traction. Action cameras offer a unique way to exploit life’s adventures and create high-quality films and photographs. 

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Market Challenges

The sales of smartphones have significantly increased since their introduction to the mass market in 2009. This growth can be attributed to the declining average selling price (ASP) and advancements in communication network infrastructure. High-end smartphones, such as the iPhone 11 Pro, Google Pixel 4, and Samsung Galaxy Note 10 Plus, offer superior cameras capable of shooting high-quality videos. As a result, smartphones have become an essential device for many consumers. Global electronics manufacturers are focusing on developing affordable smartphones with advanced features, including high-end cameras, to cater to the growing middle-class population, particularly in developing countries like China and India. This trend is expected to hinder the growth of the global action camera market during the forecast period.The Action Camera Market is experiencing significant growth due to increasing demand from Recreational Activities, Emergency Services, and Adventurous sports. Digital technology advances, such as updated processors and 4K resolution, are driving market traction. Market participants are focusing on meeting Shooting needs with features like wide-angle lenses, horizon leveling, and video stabilization. Sky diving, bungee jumping, scuba diving, and extreme sports events are popular use cases. Youth population and Social media platforms are key drivers, with IoT integration enabling cloud storage services and real-time sharing. Technologically advanced devices with bigger sensors, 10-bit color depth, and enhanced video stabilization are emerging trends. GoPro offers touch-sensitive screens and Boost mode for improved user experience. Battery capacity is a challenge, as is meeting the needs of Adventure Enthusiasts in various shooting conditions.

For more insights on driver and challenges – Request a sample report!

Segment Overview 

This action camera market report extensively covers market segmentation by  

Technology 1.1 Ultra HD1.2 HDEnd-user 2.1 Commercial2.2 ResidentialDistribution Channel3.1 Online3.2 OfflineGeography 4.1 North America4.2 Europe4.3 APAC4.4 South America4.5 Middle East and Africa

1.1 Ultra HD-  The action camera market has experienced significant growth in recent years due to increasing consumer interest in capturing and sharing adventures. These compact, portable devices offer high-definition video and photo capabilities, making them ideal for extreme sports and travel. Major players in the market include GoPro and Sony, who continuously innovate to meet consumer demands. Competition is fierce, leading to affordable pricing and advanced features. This market trend is expected to continue as technology advances and consumers seek new ways to document their experiences.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2017-2021) – Download a Sample Report

Learn and explore more about Technavio’s in-depth research reports

The global body-worn camera market is experiencing robust growth driven by increasing adoption in law enforcement and security sectors. These cameras enhance transparency, accountability, and safety in operations, fueling demand worldwide.

Military adoption of body-worn cameras is rising, driven by their role in enhancing situational awareness and operational effectiveness. These ruggedized cameras offer real-time data capture and analysis capabilities, supporting modern warfare requirements.

The automotive dashboard camera market is expanding due to growing vehicle safety concerns and insurance mandates. These cameras provide crucial evidence in accidents and deter theft, driving their integration into modern vehicles globally.

Research Analysis

The Action Camera Market is experiencing significant growth, driven by the adventurous spirit of the youth population and the desire to capture and share their experiences on social media platforms. Technologically advanced devices with 4K resolution and IoT capabilities are primary drivers of this market traction. Emerging trends include AI and VR techniques, providing immersive experiences for users. Adventure enthusiasts are increasingly using action cameras for extreme sports events such as mountaineering, rafting, boating, skiing, underwater sports, surfing, climbing, skydiving, bicycle racing, and bicycling. Holidays and seasonal cycles also contribute to market demand. Box Style and Cube Style cameras offer versatility and compactness, making them popular choices for consumers. Global demand for action cameras continues to rise, fueled by the growing popularity of these devices in various industries and applications.

Market Research Overview

The Action Camera Market is experiencing significant growth as Adventure Enthusiasts seek to capture and share their extreme experiences in 4K resolution on Social Media Platforms. IoT technology and the Youth population’s affinity for tech-savvy gadgets are primary drivers. Extreme sports events, holidays, and seasonal cycles continue to fuel market traction. Technologically advanced devices with bigger sensors, 10-bit color depth, enhanced video stabilization, and the broadest field-of-view are in high demand. Offerings from companies like GoPro, with touch-sensitive screens and voice control, lead the trend. Emerging trends include AI and VR techniques for immersive experiences. Adventurous sports such as mountaineering, rafting, boating, skiing, underwater sports, and high-quality films and photographs are popular use cases. Accessories like dashboard and ocean mounts expand the market, catering to consumers, amateurs, and professionals alike. Lockdowns and holidays like Thanksgiving have boosted sales. Periscope and 360-degree cameras are new additions, offering unique perspectives. Market participants include YI Technology and others, with updated processors and cloud storage services. Shooting needs vary, from standard resolution to Full HD, HD, Ultra HD, and Standard Resolution. The market is diverse, catering to various shooting needs, from extreme sports to emergency services and recreational activities.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

TechnologyUltra HDHDEnd-userCommercialResidentialDistribution ChannelOnlineOfflineGeographyNorth AmericaEuropeAPACSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Technology

APEC crucial for a rules-based multilateral trading system

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BEIJING, Nov. 17, 2024 /PRNewswire/ — The 31st APEC Economic Leaders’ Meeting in Lima, Peru, concluded on Saturday, with leaders of 21 member economies calling for enhanced free trade and greater connectivity. Facing unprecedented global risks and challenges that cannot be addressed by any single economy alone, Asia-Pacific economies are expected to engage in closer cooperation to withstand turbulence and build a community with a shared future for mankind. In an interview with Global Times (GT) reporter Qian Jiayin, Cynthia Sanborn (Sanborn), director of the Center for China and Asia-Pacific at Universidad del Pacífico in Peru, said that APEC serves as a useful platform for developing business contacts and opening new opportunities for trade.

GT: The theme of this year’s APEC meeting is “Empower, Include, Grow.” Why do you think this theme was chosen for the APEC meeting in Peru? How has the APEC mechanism contributed to the development of Latin American countries?

Sanborn: I think that the primary objective is to “overcome existing differences among the group” of member economies – including the US, China, Russia, among others – aimed at bridging existing differences. This collaborative effort seeks to establish a roadmap toward an integrated global economy.

Inclusion holds particular significance in this theme, as organizers are committed to fostering active engagement from sectors within these societies that have traditionally been marginalized in national and global forums. These sectors include women, Indigenous communities and young people.

In evaluating the developmental impact of this forum, it is important to note that only three Latin American countries – Peru, Chile and Mexico – are members of APEC. As small open economies and major commodity exporters, Peru and Chile have benefitted enormously from their early participation in diverse international forums dedicated to free trade and globalization. Their opening to Asian markets and trade has significantly contributed to their economic growth and development. 

Today, China stands as the largest trading partner for both Peru and Chile, underscoring the significance of these ties. Peru, for instance, has established trade agreements with 14 of the 21 APEC member economies. Furthermore, participation in APEC has facilitated the involvement of Latin American countries in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, reinforcing their commitment to regional integration and trade expansion.

In addition, APEC serves as a useful platform for developing business contacts and opening new opportunities for trade.

GT: The Chinese-invested and built Chancay Port was opened on November 14, marking another iconic project under the Belt and Road Initiative (BRI) in Latin America. What are your views on the future prospects of Chinese investment in Peru and Latin America?

Sanborn: It is important to emphasize the significant potential and interest within Latin America for expanding Chinese investment, particularly in high value-added sectors that can drive sustainable development. While certain countries, like Brazil, are not formal participants in the BRI, they nonetheless attract substantial Chinese investment in critical areas such as renewable energy and electric vehicle production, underscoring the strategic importance of these partnerships. Peru, with the development of the Chancay Port, also stands ready to be a logistic and maritime trading hub, connecting all of South America with Asia, as well as creating a special economic zone in which such value-added industries can be developed.

GT: APEC has long worked to eliminate trade barriers in the Asia-Pacific region. However, given the rise of protectionism and the severe challenges facing the multilateral trading system, how do you think the APEC multilateral framework should respond to these challenges?

Sanborn: The rise of protectionism is a pressing concern for countries in Latin America. We have free trade agreements with over half of APEC members, including key partners such as the US and China. We remain hopeful that these agreements will be respected across political transitions, preserving the mutual economic benefits they provide. In this context, forums like APEC are crucial for keeping the discussion of fair and open trade on the table, serving as vital platforms to advocate for a rules-based multilateral trading system.

GT: With APEC and G20 being held in Latin American countries, issues like the rise of the Global South and global governance have again become key topics of focus for participants. What does the rise of the Global South in global governance mean? 

Sanborn: The evolving role of the Global South in global governance has become an important topic of discussion, with Latin American leaders having contributed to the demands of developing countries for a redefinition of global institutions and for greater attention to issues such as climate change, inequality, and social and environmental justice. Yet, it is also clear that the countries commonly grouped under the “Global South,” including those in Latin America, do not form a monolithic bloc and often differ in their perspectives and policies. 

On global issues like the crises in Gaza and Ukraine, Latin American countries hold a range of views, reflecting the region’s diverse political landscapes and priorities. Navigating the path toward transformative change in global governance while respecting the varied standpoints and complex realities of these nations remains an ongoing challenge.

View original content:https://www.prnewswire.com/news-releases/apec-crucial-for-a-rules-based-multilateral-trading-system-302307939.html

SOURCE Global Times

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Co-Creating Intelligent Education: Dahua Unveils Comprehensive Education Solutions and Products

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HANGZHOU, China, Nov. 17, 2024 /PRNewswire/ — Dahua Technology, a world-leading video-centric AIoT solution and service provider, today introduced a series of smart education solutions under the theme “Student-centered Learning, Innovative School Management, and Intelligent Student Safety” at an online event. These solutions, accompanied by new educational products, aim to empower global education through advanced technology and digital transformation.

Enhancing Learning Experiences

Dahua’s Smart Classroom Solutions include DeepHub smart interactive whiteboards, which integrate with video and audio systems to enable hybrid learning. With one-click recording, classroom content can be saved in real time, allowing students to catch up on lessons they missed. Equipped with gamification features, DeepHub fosters active learning. Additionally, a mobile lab training cart provides real-time, 4K demonstrations, combining theory and practice to enhance engagement and overcome visibility challenges.

Smarter School Management

To improve efficiency, Dahua has developed automated attendance solutions that use AI technology to track attendance accurately, saving valuable class time. The Dahua Smart Examination Solution offers identity verification and electronic device detection, reducing proctor workload by 50% and enhancing examination integrity. The One-Card/One-Face System facilitates fast access and integrates payment for campus amenities, and the Dahua Smart Parking Solution streamlines vehicle management, saving users an average of 10-20 minutes per session.

Advanced Campus Security

Dahua’s intelligent security systems create a safer campus environment with access control that regulates entry, AI-based behavioral analysis to detect threats, and cameras with sound and light alarms for restricted areas. The Dahua monitoring center integrates video surveillance with AR technology, providing real-time alerts and data to improve security decision-making. A VR Patrol System also automates security patrols, reducing human error and enhancing coverage. The Multi-School Management System links schools within a region to provide coordinated responses to potential threats, improving response efficiency by up to 50%.

New Educational Products

Dahua also unveiled several new products tailored for education:

Classroom Camera: This PTZ camera supports classroom recording, online exam monitoring with AI, and automatic attendance based on class schedules.DSS Pro EDU: A web-based system with an attendance module, DSS Pro EDU integrates with school management systems to streamline attendance tracking and reporting.DeepHub Interactive Whiteboards: The ST420-S3 model offers NFC login, Wi-Fi 6, enhanced audio, and advanced whiteboard functions like handwriting recognition. The ST473 model, featuring capacitive touch, a 48-megapixel camera, and voice tracking, provides an interactive and high-definition learning experience.Audio System: Dahua’s professional-grade audio system includes MIMO technology, echo and noise reduction, and wireless microphone charging, delivering high-quality sound for both online and hybrid learning.Lab Training Cart: With 4K resolution, multi-screen display, and local storage, the mobile lab cart enhances practical learning by ensuring detailed and clear visuals.

This event highlights Dahua’s dedication to shaping the future of education through intelligent solutions. Following this launch, in-person education summits will be held in Brazil, Indonesia, and the UAE to help more customers improve educational quality and campus management through Dahua’s tailored products and solutions.

View original content to download multimedia:https://www.prnewswire.com/news-releases/co-creating-intelligent-education-dahua-unveils-comprehensive-education-solutions-and-products-302307962.html

SOURCE Dahua Technology

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Kapsch TrafficCom satellite tolling addresses global traffic and environmental challenges

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Eco-friendly tolling system combats congestionInfrastructure-light system requires less construction and maintenanceSuccessful urban and nationwide systems operated by Kapsch TrafficCom

VIENNA and NEW DELHI, Nov. 17, 2024 /PRNewswire/ — Congestion and traffic-based pollution are increasingly serious issues around the globe, and in India. Indian authorities are battling millions of hours wasted in traffic and increasingly toxic air, while resources to maintain road infrastructure are dwindling. 

Satellite tolling is an efficient and effective way to address these critical challenges, and the Indian Ministry of Road Transport and Highways is currently working on such a solution. The technology, using GPS, Galileo, and other global satellite data, provides highly accurate, infrastructure-light tolling adaptable to different environments, from urban centers to national toll networks.

Kapsch TrafficCom is one of the front runners pushing the technology. The solution combines flexibility, low operational costs, and rapid scalability, enabling clients to charge vehicles based on real-time geolocation, regardless of road or jurisdiction. For India, satellite tolling is the optimal choice to manage the ever-growing amounts of traffic moving along its enormous highway and road network.

Kapsch TrafficCom’s satellite tolling system has already proven successful in regions like Norway and Bulgaria. The platform is data protection-compliant and offers exceptional data privacy protections, ensuring only necessary geolocation data is collected and stored.

“In Bulgaria, we achieved the first go-live within 11 months and are now managing 16,000km of road,” explains Carolin Treichl, EVP EMENA at Kapsch TrafficCom. “Our solution doesn’t just calculate distance-based charges. It empowers cities and nations to manage congestion, reduce pollution, and replace declining fuel tax revenues with a fair road user charge.”

Full release: Press | Kapsch TrafficCom

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Sandra Bijelic  

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Kapsch TrafficCom AG
P +43 664 628 1720  
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View original content:https://www.prnewswire.com/in/news-releases/kapsch-trafficcom-satellite-tolling-addresses-global-traffic-and-environmental-challenges-302305845.html

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