GITNUX REPORT 2024

Global Action Camera Industry Statistics: $8.12B Market Projected by 2025

Explore the booming action camera industry: $8.12 billion market by 2025, with GoPro leading.

Author: Jannik Lindner

First published: 7/17/2024

Statistic 1

GoPro held a 29.9% market share in the global action camera market in 2018.

Statistic 2

The market for action cameras is highly competitive with key players focusing on product innovation and pricing strategies.

Statistic 3

Action camera vendors are focusing on strategic partnerships with sports events and athletes for brand promotion.

Statistic 4

The rise of adventure sports and activities has been driving the demand for action cameras.

Statistic 5

Increasing popularity of social media platforms for sharing adventure content is boosting the sales of action cameras.

Statistic 6

Waterproof action cameras are in high demand due to their suitability for water sports and activities.

Statistic 7

High-definition video recording capabilities are a key feature driving consumer preference for action cameras.

Statistic 8

The availability of a wide range of accessories and mounts for action cameras is expanding the market reach.

Statistic 9

The use of action cameras for capturing travel experiences and vlogs is gaining popularity among consumers.

Statistic 10

Action cameras with 360-degree capability are gaining popularity among consumers for immersive content creation.

Statistic 11

The increasing trend of live streaming on social media platforms is driving the demand for action cameras.

Statistic 12

The rise of vlogging and content creation on platforms like YouTube is boosting action camera sales.

Statistic 13

The use of action cameras for personal security and surveillance purposes is on the rise.

Statistic 14

The demand for rugged and durable action cameras for extreme sports activities is increasing.

Statistic 15

The trend of compact and lightweight action cameras is attracting a wider consumer base.

Statistic 16

Action cameras with slow-motion recording capabilities are preferred for capturing fast-paced action sequences.

Statistic 17

The affordability and accessibility of action cameras are driving increased adoption among amateur filmmakers and content creators.

Statistic 18

The global action camera market size is projected to reach $8.12 billion by 2025.

Statistic 19

The action camera market is expected to grow at a CAGR of 16.7% from 2019 to 2025.

Statistic 20

Forecasted revenue for action cameras in the United States is expected to reach $1.5 billion by 2024.

Statistic 21

Incidence of outdoor recreational activities has surged, contributing to the growth of the action camera market.

Statistic 22

Online retail channels are witnessing significant growth in action camera sales.

Statistic 23

Action camera sales are expected to be driven by the growth of the tourism and travel industry.

Statistic 24

The global action camera market is projected to grow at a CAGR of 23.3% from 2021 to 2028.

Statistic 25

The growing popularity of adventure tourism is propelling the growth of the action camera market.

Statistic 26

The market for underwater action cameras for scuba diving and water sports is expanding.

Statistic 27

The Asia Pacific region is anticipated to witness the fastest growth in the action camera market.

Statistic 28

North America accounted for the largest market share in the action camera industry in 2018.

Statistic 29

In 2020, North America accounted for the largest market share in the action camera industry.

Statistic 30

By 2028, the Asia Pacific region is expected to witness the highest growth rate in the action camera market.

Statistic 31

Lightweight and compact design features are driving the adoption of action cameras for various outdoor activities.

Statistic 32

The adoption of action cameras for professional sports broadcasting and documentaries is increasing.

Statistic 33

The demand for action cameras with advanced stabilization technology is increasing for smooth video capture.

Statistic 34

The shift towards 4K video recording capabilities in action cameras is a major trend in the market.

Statistic 35

In 2020, the demand for action cameras with Wi-Fi connectivity witnessed significant growth.

Statistic 36

Action camera manufacturers are focusing on enhancing battery life for prolonged recording sessions.

Statistic 37

The availability of action cameras with built-in GPS for location tracking is a key feature driving market growth.

Statistic 38

Action cameras with voice control features are gaining traction among consumers for hands-free operation.

Statistic 39

The demand for action cameras with image stabilization technology is increasing for smooth video output.

Statistic 40

Action cameras with enhanced low-light performance are gaining popularity for capturing quality footage in various conditions.

Share:FacebookLinkedIn
Sources

Our Reports have been cited by:

Trust Badges

Summary

  • The global action camera market size is projected to reach $8.12 billion by 2025.
  • The action camera market is expected to grow at a CAGR of 16.7% from 2019 to 2025.
  • GoPro held a 29.9% market share in the global action camera market in 2018.
  • Forecasted revenue for action cameras in the United States is expected to reach $1.5 billion by 2024.
  • The Asia Pacific region is anticipated to witness the fastest growth in the action camera market.
  • The rise of adventure sports and activities has been driving the demand for action cameras.
  • Incidence of outdoor recreational activities has surged, contributing to the growth of the action camera market.
  • North America accounted for the largest market share in the action camera industry in 2018.
  • Increasing popularity of social media platforms for sharing adventure content is boosting the sales of action cameras.
  • Lightweight and compact design features are driving the adoption of action cameras for various outdoor activities.
  • The market for action cameras is highly competitive with key players focusing on product innovation and pricing strategies.
  • Waterproof action cameras are in high demand due to their suitability for water sports and activities.
  • The adoption of action cameras for professional sports broadcasting and documentaries is increasing.
  • Online retail channels are witnessing significant growth in action camera sales.
  • High-definition video recording capabilities are a key feature driving consumer preference for action cameras.

Hold onto your helmets and get ready to capture lifes epic moments in high-definition glory because the action camera industry is on a skyrocketing trajectory! With a projected global market size set to hit a jaw-dropping $8.12 billion by 2025, its clear that these pint-sized powerhouses are here to stay. Whether youre an adrenaline junkie gearing up for the next extreme adventure or a budding vlogger looking to up your content game, the action camera craze shows no signs of slowing down. From GoPro dominating the market with a 29.9% share to the Asia Pacific region revving up for rapid growth, this is one industry thats not just capturing memories but also capturing consumer hearts worldwide. Get ready to dive in, buckle up, and hit record, because the action camera revolution is only just getting started!

Competitive Landscape and Market Strategies

  • GoPro held a 29.9% market share in the global action camera market in 2018.
  • The market for action cameras is highly competitive with key players focusing on product innovation and pricing strategies.
  • Action camera vendors are focusing on strategic partnerships with sports events and athletes for brand promotion.

Interpretation

In the fast-paced world of action cameras, GoPro stands tall as the alpha dog with almost 30% of the market in its grasp, showcasing a dominance akin to a daredevil soaring off a cliff. However, with competitors nipping at its heels like adrenaline junkies in pursuit of the perfect shot, the battle for supremacy is fierce. In this rugged terrain, innovation and pricing become the ammunition of choice, as companies strive to outmaneuver each other in a high-stakes game of capture-the-consumer. And just as extreme athletes seek the perfect teammate to conquer the next challenge, action camera vendors are forging strategic alliances with sports events and athletes to catapult their brand to new heights. It's a thrilling ride in the action camera industry, where only the boldest and most creative can capture the ultimate prize.

Consumer Behavior and Preferences

  • The rise of adventure sports and activities has been driving the demand for action cameras.
  • Increasing popularity of social media platforms for sharing adventure content is boosting the sales of action cameras.
  • Waterproof action cameras are in high demand due to their suitability for water sports and activities.
  • High-definition video recording capabilities are a key feature driving consumer preference for action cameras.
  • The availability of a wide range of accessories and mounts for action cameras is expanding the market reach.
  • The use of action cameras for capturing travel experiences and vlogs is gaining popularity among consumers.
  • Action cameras with 360-degree capability are gaining popularity among consumers for immersive content creation.
  • The increasing trend of live streaming on social media platforms is driving the demand for action cameras.
  • The rise of vlogging and content creation on platforms like YouTube is boosting action camera sales.
  • The use of action cameras for personal security and surveillance purposes is on the rise.
  • The demand for rugged and durable action cameras for extreme sports activities is increasing.
  • The trend of compact and lightweight action cameras is attracting a wider consumer base.
  • Action cameras with slow-motion recording capabilities are preferred for capturing fast-paced action sequences.
  • The affordability and accessibility of action cameras are driving increased adoption among amateur filmmakers and content creators.

Interpretation

The Action Camera Industry is riding the wave of adventure culture, with consumers craving rugged, waterproof cameras to capture their adrenaline-fueled escapades. The rise of social media has turned everyone into a potential content creator, fueling the demand for high-definition, 360-degree-capable cameras to showcase their experiences in all their immersive glory. From extreme sports enthusiasts seeking durability to vloggers looking to document their daily lives, action cameras have become the go-to gadget for those looking to make a splash in the digital realm. As live streaming and YouTube fame continue to soar, the action camera market shows no signs of slowing down, offering a compact, affordable solution for amateurs and pros alike to capture life's most thrilling moments.

Market Size and Growth Projections

  • The global action camera market size is projected to reach $8.12 billion by 2025.
  • The action camera market is expected to grow at a CAGR of 16.7% from 2019 to 2025.
  • Forecasted revenue for action cameras in the United States is expected to reach $1.5 billion by 2024.
  • Incidence of outdoor recreational activities has surged, contributing to the growth of the action camera market.
  • Online retail channels are witnessing significant growth in action camera sales.
  • Action camera sales are expected to be driven by the growth of the tourism and travel industry.
  • The global action camera market is projected to grow at a CAGR of 23.3% from 2021 to 2028.
  • The growing popularity of adventure tourism is propelling the growth of the action camera market.
  • The market for underwater action cameras for scuba diving and water sports is expanding.

Interpretation

As the global action camera industry continues to skyrocket like a daredevil base jumper, with projections reaching higher than Mount Everest's peak, it's clear that these compact gadgets are capturing more than just heart-pounding stunts. With sales accelerating faster than a downhill skier in a slalom race, it's evident that the adventure-seeking population is not just snapping selfies, but documenting their exhilarating escapades. From online retailers seeing a surge in sales to scuba divers seeking underwater thrills, the action camera market is making waves bigger than a tsunami – so hold on tight, because this industry is on a wild ride bound for the stratosphere.

Regional Market Trends

  • The Asia Pacific region is anticipated to witness the fastest growth in the action camera market.
  • North America accounted for the largest market share in the action camera industry in 2018.
  • In 2020, North America accounted for the largest market share in the action camera industry.
  • By 2028, the Asia Pacific region is expected to witness the highest growth rate in the action camera market.

Interpretation

The action camera industry seems to be engaging in its own breathtaking adventure, with North America leading the pack like a seasoned trailblazer in 2018 and 2020, while the Asia Pacific region is gearing up to give a thrilling chase in the coming years. It's like watching a competitive race where the frontrunner just won't give up the top spot, but the underdog is steadily gaining ground with every step. It's a reminder that in the fast-paced world of technology, there's always room for a surprise twist just around the corner.

Technological Advancements and Features

  • Lightweight and compact design features are driving the adoption of action cameras for various outdoor activities.
  • The adoption of action cameras for professional sports broadcasting and documentaries is increasing.
  • The demand for action cameras with advanced stabilization technology is increasing for smooth video capture.
  • The shift towards 4K video recording capabilities in action cameras is a major trend in the market.
  • In 2020, the demand for action cameras with Wi-Fi connectivity witnessed significant growth.
  • Action camera manufacturers are focusing on enhancing battery life for prolonged recording sessions.
  • The availability of action cameras with built-in GPS for location tracking is a key feature driving market growth.
  • Action cameras with voice control features are gaining traction among consumers for hands-free operation.
  • The demand for action cameras with image stabilization technology is increasing for smooth video output.
  • Action cameras with enhanced low-light performance are gaining popularity for capturing quality footage in various conditions.

Interpretation

In the wild world of action cameras, it seems like innovation is as fast-paced as a downhill mountain bike race. With a focus on lightweight design, advanced stabilization, and 4K capabilities, these gadgets are becoming the must-have accessory for outdoor enthusiasts and professional filmmakers alike. From tracking your adventurous exploits with built-in GPS to capturing the perfect shot in low-light conditions, it's clear that action cameras are raising the bar for what can be achieved in action-packed videography. So, whether you're shredding waves or shredding through your Netflix queue, there's no denying that the action camera industry is zooming ahead with all the bells and whistles to make your footage shine bright like a GoPro.

References