Body worn camera market size to grow by USD 676.40 million between 2021 and 2026; Developments in the global body worn camera market identified as a key trend - Technavio

NEW YORK, March 29, 2023 /PRNewswire/ -- The global body worn camera market size is estimated to grow by USD 676.40 million from 2021 to 2026, according to Technavio. The market is estimated to grow at a CAGR of 16.91% during the forecast period. Developments in the global body worn camera market are identified as the key trends. Vendors are focusing on introducing technologically advanced body worn cameras to remain competitive in the market. For instance, in June 2020, Panasonic i-PRO Sensing Solutions offered its Arbitrator body worn camera as a part of its comprehensive security solution. Vendors are also collaborating with security forces to deploy advanced body-worn cameras. Such developments are positively influencing the growth of the market. For more insights on the market size (2022 to 2026) - Request a sample report

Global Body Worn Camera Market - Segmentation Assessment
Segment Overview
Technavio has segmented the market based on mode (recording and live streaming and recording) and geography (North America, Europe, APAC, South America, and MEA).

• The market growth will be significant in the recording and live-streaming segment during the forecast period. The demand for body worn cameras that can record as well as live stream has increased among en-users. This has encouraged market players to introduce new products that offer several hours of live streaming, video recording, and longer standby time on a single charge. These factors are driving the growth of the segment.

Geography Overview
The report provides actionable insights and estimates the contribution of all regions to the growth of the global body worn camera market.

• North America will account for 43% of the market growth during the forecast period. The significant increase in the adoption of surveillance systems in countries such as the US, Canada, and Mexico is driving the growth of the body worn camera market in North America.

Insights on the market contribution of various segments, including country- and region-
wise data and forecast market size (2022 to 2026) - Download a Sample Report

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Global Body Worn Camera Market ? Market Dynamics

Key factor driving growth

• The market is driven by the increased demand for body worn cameras from adventure tourism and sports.
• The demand for body worn cameras is increasing among sports enthusiasts participating in adventure tourism and sports such as backpacking, scuba diving, rafting, snorkeling, bird watching, and leaf-peeping.
• This can be attributed to increased health consciousness among people and the growing need for leisure activities amid hectic lifestyles.
• Also, increased consumer interest in recreational water sports is increasing the adoption of body worn cameras, which is driving the growth of the market in focus.

Major challenges hindering the market growth

• The increased availability of counterfeit products is hindering the growth of the market.
• Vendors in the market are facing difficulties in sales due to the increased availability of fake copies of original branded products.
• Most of the counterfeit products are manufactured in countries such as China and India due to the availability of low-cost labor.
• Many consumers knowingly or unknowingly purchase counterfeit products due to their significantly lower retail price.
• All these factors are negatively affecting the growth of the global body worn cameras market.

Drivers, trends, and challenges have an impact on market dynamics, which can impact
businesses. Find more insights in a sample report!

What are the key data covered in this body worn camera market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the body worn camera market between 2022 and 2026
• Precise estimation of the size of the body worn camera market and its contribution to the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the body worn camera market industry across North America, Europe, APAC, South America, and MEA
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of body worn camera market vendors

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• The camera accessories market is estimated to grow at a CAGR of 3.71% between 2022 and 2027. The size of the market is forecast to increase by USD 856.09 million. The market is segmented by type (lenses, bags and cases, tripods, batteries and chargers, and others), distribution channel (online and offline), and geography (North America, Europe, APAC, South America, and Middle East and Africa).
• The photography equipment market size is expected to decrease by USD -4.65 billion from 2021 to 2026, and the market's growth momentum will decelerate at a CAGR of -13.57%. The market is segmented by distribution channel (offline and online), product (cameras and other photography equipment), and geography (North America, APAC, Europe, South America, and the Middle East and Africa).

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Table of contents:

Executive Summary

Market Landscape

• Market ecosystem
• Value chain analysis

Market Sizing

• Market definition
• Market segment analysis
• Market size 2021
• Market outlook: Forecast for 2021 - 2026

Five Forces Analysis

• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

Market Segmentation by Mode

• Market segments
• Comparison by Mode
• Recording and live streaming - Market size and forecast 2021-2026
• Recording - Market size and forecast 2021-2026
• Market opportunity by Mode

Customer landscape

Geographic Landscape

• Geographic segmentation
• Geographic comparison
• North America - Market size and forecast 2021-2026
• Europe - Market size and forecast 2021-2026
• APAC - Market size and forecast 2021-2026
• South America - Market size and forecast 2021-2026
• MEA - Market size and forecast 2021-2026
• Key leading countries
• Market opportunity by geography
• Market drivers
• Market challenges
• Market trends

Vendor Landscape

• Vendor landscape
• Landscape disruption

Vendor Analysis

• Vendors covered
• Market positioning of vendors
• Axon Enterprise Inc.
• Cohu Inc.
• Getac Technology Corp.
• Motorola Solutions Inc.
• Panasonic Corp.
• Pro-Vision Solutions LLC
• Safe Fleet Acquisition Corp.
• Sentinel Camera Systems LLC
• StuntCams LLC
• VeriPic Inc.

Appendix

• Scope of the report
• Currency conversion rates for US$
• Research methodology
• List of abbreviations

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SOURCE Technavio