SAN FRANCISCO , June 29, 2022 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Wearable Camera - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
What's New for 2022?
Edition: 7; Released: January 2022
Executive Pool: 1329
Companies: 43 - Players covered include Apple, Inc.; Digital Ally Inc.; Garmin Ltd.; GoPro, Inc.; Panasonic Corporation; VIEVU LLC.; Xiaomi, Inc. and Others.
Coverage: All major geographies and key segments
Segments: End-Use (Sports and Fitness, Military and Defense, Manufacturing, Healthcare, Other End-Uses); Type (Head Mount, Body Mount, Ear Mount & Smart Glass)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.
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Global Wearable Camera Market to Reach $11.1 Billion by 2026
Amid the COVID-19 crisis, the global market for Wearable Camera estimated at US$4.1 Billion, is projected to reach a revised size of US$11.1 Billion by 2026, growing at a CAGR of 18.1% over the analysis period. Sports and Fitness, one of the segments analyzed in the report, is projected to record a 17.2% CAGR and reach US$8.6 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Military and Defense segment is readjusted to a revised 18.4% CAGR for the next 7-year period.
The U.S. Market is Estimated at $1.4 Billion in 2021, While China is Forecast to Reach $1.9 Billion by 2026
The Wearable Camera market in the U.S. is estimated at US$1.4 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.9 Billion by the year 2026 trailing a CAGR of 17.4% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 16.1% and 15.6% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 13.3% CAGR.
Manufacturing Segment to Reach US$582.9 Million by the year 2026
In the global Manufacturing segment, USA, Canada, Japan, China and Europe will drive the 19.4% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$157.9 Million will reach a projected size of US$547.3 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More
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Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.
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