Wearable and Body-worn Cameras - Global Market Outlook (2018-2027)
According to Stratistics MRC, the Global Wearable and Body-worn Cameras Market is accounted for $2.62 million units in 2018 and is expected to reach $11.18 million units by 2027 growing at a CAGR of 17.5% during the forecast period.
Increasing need for accountability by the officers and an increasing need for maintaining a transparent approach towards the public during police conduct are crucial factors that are likely to boost the growth of the Wearable and Body-worn Cameras market. However, as the data stored can be tampered, this factor is likely to hamper the profit boundaries.
Body-worn cameras, also known as body cameras or a wearable camera is a wearable audio, video, or photographic recording system. Unlike many other forms of camera technology, body-worn cameras serve both as to law enforcement and a public accountability function. Wearable cameras can be head-mounted or body mounted, whichever suits the end-user needs.
Based on end user, the sports and adventure segment is likely to have a huge demand due to their usage by goalies, referees, catchers, and umpires for the live recording of the sport, as well as by skiers, skydivers, surfers, and riders for recording and sharing their adventurous moments. With the rapidly increasing popularity of these cameras and the growing interest of people in sports and adventurous activities, the growth of this segment is to drive the market forward.
By geography, North America is going to have a lucrative growth during the forecast period owing to the rapidly rising adoption of these wearable cameras in various defense applications such as gathering video evidence, spying, and capturing offenses or assaults in the crime scene.
Some of the key players in the Wearable and Body-worn Cameras market are the Xiaomi Corporation, Wolfcom Enterprises, Transcend Information Inc, Sony Corporation, Pinnacle Response Ltd, Panasonic Corporation, GoPro, Inc, Garmin Ltd, Digital Ally, Inc, and Axon Enterprise Inc.
End Users Covered:
• Sports and Adventure
• Special Law Enforcement Agencies
• Local Police
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2018, 2019, 2023 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis, etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Best in class reports with high standard of research integrity
24X7 Research Support
Continuous support to ensure the best customer experience.
Adding more values to your product of interest.
Safe & Secure Access
Providing a secured environment for all online transactions.
Trusted by 600+ Brands
Serving the most reputed brands across the world.