The global waterproof camera market is likely to increase rapidly in a reflective way. With remarkable developments in the field of technology and rising investments towards introducing variety of new products by the key players will drive the global market of waterproof camera in the coming years. The social networking sites are quite popular these days which is driving the growth prospects for the global waterproof camera market in the coming years. The individuals are increasing sharing their photos and videos on various social networking sites which in turn surge the demand of underwater cameras.
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Major Key Players
The key players of Waterproof Camera market are Fujifilm (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) and others.
Some other factors that drive the market growth include rising disposable income among people, growing preferences towards hi-tech gadgets, growing importance of online photo communities, digital photography and booming tourism sector will further propel the market size in the future. The number of travelers is increasing rapidly along with increasing number of water sports activities by the tourist which includes water surfing, and other activities are projected to drive the global demand of waterproof camera.
However, higher cost of these cameras and growing focus towards the smartphones that comes with variety of hi-tech features are some of the major challenges observed in this market.
Based on the camera range, application and end-users, the global waterproof camera market has been segregated. Based on the camera range, the market has been divided into various different segments. On the basis of the application, the market is segmented into security & surveillance, media & entertainment, travel & tourism to name a few. Residential and Commercial are the end-users in this market.
Detailed Regional Analysis
The global market of waterproof camera has been analysed across the United States, Europe, India, Japan, China, Southeast Asia, Middle East Africa and rest of the world. Globally, the North America region registered the largest market share in the past which is followed by Europe and Asia Pacific. Presence of various renowned players, higher disposable income and new inventions in the waterproof camera technology is projected to expand this market in the future. People are choosing North American regions for travelling as it has number of diving destinations in the region, growing number of adventure enthusiasts in North America will fuel the regional market in the coming years. The European waterproof camera market is showing rapid growth due to increasing number of travellers in the country and growing demand for private security solutions. Cutting edge technology in designing these cameras will support the growth of waterproof camera market in the APAC region.
The worldwide waterproof camera market is highly competitive in nature mainly due to the presence of several vendors in this market. Growing competition, rapid technological advancements and changes in the consumer taste is making this market more competitive. The key vendors are looking for every alternative to prove their products better than their competitors with an aim to enhance the overall revenues and market share in the future.
Table of Contents – Major Key Points
1 Market Introduction
2 Research Methodology
3 Market Dynamics
4 Market Factor Analysis
5 Global Waterproof Camera Market, By Segments
6 Competitive Analysis
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