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Wearable Camera Market Size To Reach $22.83Bn By 2030

Wearable Camera Market Size To Reach $22.83 Billion By 2030

October 2023 | Report Format: Electronic (PDF)

Wearable Camera Market Growth & Trends

The global wearable camera market size is expected to reach USD 22.83 billion by 2030, at a CAGR of 14.4% from 2023 to 2030, according to a new report by Grand View Research, Inc. The growing demand for convenience and exceptional experience of cameras has increased the growth and penetration of wearable cameras. The growing demand for smartphones, easy accessibility of the internet, and high-speed data networks have resulted in the increasing usage of these cameras. The growing adoption of wearable cameras in the security and medical sectors is anticipated to revolutionize the market by 2025.

The market has been segmented based on varied types of wearable cameras, such as head mount, body mount, and ear mount & smart glass. Based on applications, the market has been segmented into sports & adventure, security, healthcare, and industrial. The sports & adventure sector is the largest application sector in terms of size and is expected to dominate the market over the forecast period, owing to the rising popularity of sports and adventure activities.

The growing popularity of wearable cameras is encouraging manufacturers to invest in research & development for creating better products. Manufacturers have been observed making significant investments to simultaneously develop new products in an effort to enhance user experience. Additionally, researchers are focusing on innovating reliable and cost-effective products.

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Wearable Camera Market Report Highlights

The product segment is categorized into accessories and camera. The camera held the largest market share of 87.6% in 2022
The head mount segment dominated the market with the highest revenue share of 67.8% in 2022
The growing demand for wearable cameras can be accredited to the growing popularity of sharing experiences on social networking sites.
Wearable cameras offer exciting new applications in the medical field. For instance, they are used for surgical training where the first-person surgical video captured by the wearable camera is used as a training resource.
North America dominated the wearable camera market with the largest revenue share of 42.7% in 2022