Wearable Camera Market Size, Share & Trends Analysis By Application (Sports & Adventure, Security, Healthcare, Industrial), By Type (Head Mount, Body Mount, Ear Mount & Smart Glass), By Product, By Region, And Segment Forecasts, 2018 - 2025

Industry Insights

The global wearable camera market size was valued at USD 2.09 billion in 2016 and is expected to gain traction over the forecast period owing to its rapid adoption across residential and commercial applications. The increasing demand for features such as the convenience of hands-free operation and exceptional experience offered by wearable cameras is likely to propel the global market growth over the forecast period.

The market for wearable camera is expected to witness an increase in share owing to the growing adoption of these cameras in a number of applications, such as sports & adventure, security, healthcare, consumer, enterprise, and industrial. This technology has evolved with impressive features that let users record their experiences in a unique and first-person perspective.

China wearable camera market by application, 2014 - 2025 (USD Million)

The growing popularity of sharing experiences through photos and videos on social media sites presents a significant opportunity for the market growth. The technology offers better low-light performance and enables users to shoot high-quality videos with sophisticated image stabilization.

Moreover, the advancement of Internet accessibility and usage of different social media sites and apps have encouraged users to adopt wearable camera technology, thereby driving the market growth. The main aspects leading to the growth of this technology are convenience, responsiveness, and security.

Application Insights

Based on applications, the market has been segmented into sports & adventure, security, healthcare, and industrial. The sports and adventure segment is anticipated to dominate the wearable camera application market by 2025. The security segment is expected to witness a significant growth owing to the rising illegal activities.

The increasing need for consumers for tracking fitness and digitizing medical records has led to enhanced demand for medical wearable camera devices. For instance, wearable cameras embedded with other software and hardware can determine the nutrition facts and categorize different food types through image processing techniques. These features offered by the device are expected to influence the industry in a positive manner.

Wearables cameras are gaining popularity in several applications and are used by referees, goalies, catchers, and umpires for live recording as well as skydivers, skiers, surfers, and riders for recording and sharing their experiences. The increasing popularity of wearable cameras and the growing interest of individuals in sports and adventure activities are expected to drive the demand for the market.

Type Insights

Based on types, the market has been segmented into head mount, body mount, and ear mount & smart glass. The head mount segment is anticipated to dominate the wearable camera type market by 2025. The body mount segment is expected to witness a significant growth rate owing to the high demand originating from security applications.

Wearable cameras offer a number of advantages, such as robust design, simple mechanics, ultra-wide fields of view, and ability to be worn on the body and used from almost any vantage, thereby providing high-quality videos. In addition, advancements in sharing options, such as Wi-Fi connectivity and GPS functions that enable users to keep track of their speed and position, have also led to the growth of the wearable camera market.     

Body mount cameras are gaining popularity in security applications. For instance, body-worn cameras utilized for law enforcement help in recording interactions with the public, gathering video evidence at crime scenes, and capturing other assaults or offenses. The rising awareness among consumers regarding the advancements of wearable cameras is further expected to drive market growth.

Product Insights

Based on products, the market has been segmented into cameras and accessories. The camera segment is anticipated to dominate the wearable camera product market by 2025.

Wearable camera market by product, 2016 (%)

International vendors dominate the global wearable camera devices market. Operational efficiencies associated with a wearable camera device, such as embedding GPS and enhancing video stabilization, are expected to drive the market growth.

The ability of wearable cameras to capture life experiences while offering improved user experience is expected to improve product demand. Furthermore, the increasing demand for connectivity between devices in order to share information and data online, and store them on the cloud has also led to the growth of the wearable camera technology in the segment.

Regional Insights

The North American region is estimated to be the key regional segment over the forecast period owing to well-established manufacturers and a large consumer base. The region accounted for the largest revenue share and is expected to grow at a CAGR of 14% from 2017 to 2025. The North American, European, and Asia Pacific regions are anticipated to remain the key revenue-generating segments over the forecast period.

The Asia Pacific region is experiencing healthy growth in disposable income owing to lower commodity prices and macroeconomic stimulus, which is anticipated to drive market growth. Innovative technologies and growing leisure spending are the key factors driving the wearable camera industry demand over the projected period.

The French market is expected to witness significant developments in various sports and adventure applications owing to a large tourist attraction in the country. The ability to shoot and share real-time life experiences has led to the increased adoption of wearable cameras.

Wearable Camera Market Share Insights

Key industry participants of the market are GoPro Inc. (U.S.), Drift Innovation Ltd. (UK), Garmin Ltd. (U.S.), Narrative AB (Sweden), Pinnacle Response Ltd. (UK), Axon Enterprise, Inc. (U.S.), Vievu LLC (U.S.), Xiaomi (China), Sony Corporation (Japan), Contour, LLC (U.S.), and JVCKenwood USA Corporation (Japan). The market is characterized by intense competition with the presence of a few major global players holding significant market shares. Key players are indulged in undertaking strategic initiatives such as new product developments to offer avenues for increased profitability through better customer relationships.      

Report Scope

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest trends and opportunities in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the wearable camera market based on applications, products, types, and regions.

• Application Outlook (Revenue, USD Million; 2014 - 2025)

  • Sports & Adventure

  • Security

  • Healthcare

  • Industrial

• Type Outlook (Revenue, USD Million; 2014 -2025)

  • Head Mount

  • Body Mount

  • Ear Mount & Smart Glass

• Product Outlook (Revenue, USD Million; 2014 - 2025)

  • Camera

  • Accessories

• Regional Outlook (Revenue, USD Million; 2014 - 2025)

  • North America

    • The U.S.

    • Canada

    • Mexico

  • Europe

    • Germany

    • The U.K.

    • France

  • Asia Pacific

    • China

    • Japan

  • South America

    • Brazil

  • MEA