GoPro Inc Action Camera Market Share – Statistics and Analysis 2023-2027
The action camera market is projected to grow at a CAGR of 11.61% according to researchers from Technavio during 2022-2027. This research statistic calculates market size and predicts its growth by USD 3.43 billion by the end of forecast period. The ultra HD segment will be the prominent one in which the action camera market share will grow significantly. Since the projected growth momentum seems positive therefore it imparts the same positive outlook for the investors and market. It will consequently strengthen position of the vendors in the action camera market.
Growing demand for better viewing angles in pictures and videos which is required in broadcast industry, turns out to be a major encouraging factor for global ultra HD action camera market growth. This statistic gives an accurate projection about all the market segments and their contribution to the action camera market size growth.
The research experts from Technavio found the statistical figures, and according to these illustrated facts and figures, increasing popularity of social networking sites is becoming one of the key market drivers. This market driver is responsible for the action camera market growth. There are some market challenges such as growing popularity of smartphones may hamper the market growth.
Growing popularity of action camera especially among filmmakers, adventurers, athletes, and security agencies has become one of the major market trend. Its compact size and user-friendly operation makes it more desirable.
This illustrated statistical data consists of market data and analysis to get a better understanding of specific segment of the market. Technavio, also has the subscription platform having lifetime access to the 17,000+ reports at customized plans and rates.
