Wearable Camera Market Size, Share, Growth Analysis, and Forecast 2032

Wearable Camera Market Size

The global wearable camera market size was worth around USD 10.95 billion in 2023 and is predicted to grow to around USD 38.53 billion by 2032 with a compound annual growth rate (CAGR) of roughly 15% between 2024 and 2032. The study provides historical data from 2018 to 2022 along with a forecast from 2024 to 2032 based on revenue (USD Billion). The report covers a forecast and an analysis of the wearable camera market on a global and regional level.

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Global Wearable Camera Market: Overview

A wearable camera enables the user to take pictures or record experiences from day-to-day life, sports, tourism activities, party, and many more. The wearable camera is facilitated with multiple sensors such as inertial measurement units, imager, and microphone. The rapid development of wearable camera has led to advances in lifelogging and has made possible to capture moments continuously from a point-of-view of the first person. The wearable camera is widely used in sports, fitness, public safety, consumer application, adventure, and many more.

Global Wearable Camera Market: Growth Factors

The increase in professional applications of a wearable camera, growing demand for the wearable camera from millennials to capture & share their experience on social media through videos & photos, and rise in adoption of wearable technology are the primary factors that are fostering the growth of the global wearable camera market. Innovations and technology have led to the evolution of the cameras resulting in a useful product wearable camera. It offers several benefits to the user. This includes the presence of hands-free technologies, the ability to change focus easily, automatic adjustment, digital storage, and portability. A wearable camera with its compact design allows the user to take photos, record video, and record audios. In addition to this, the wearable camera has application in the healthcare sector.

Self-management is one of the critical components in the management of the chronic disease. This includes numerous activities such as undertaking daily care activities, adhering to prescribed medications, and managing body weight & dietary intake. The wearable camera may provide rich contextual data, insight into everyday activities, and help in the recall. All such factors are propelling the growth of the global market by enhancing the use of the wearable camera. Moreover, the rise in disposable income and manufacturers investing hugely in the development & launch of the innovative product are also some of the key aspects that are fueling the growth of the market.

Furthermore, technological advancements and the rise in use of the wearable camera in sports especially cricket are expected to create numerous opportunities for the growth of the global wearable camera market during the forecast period. However, privacy and ethical concerns are the issues related to the use of a wearable camera which is likely to restrain the growth of the global wearable camera market.

The outbreak of Covid-19 has massively affected the global economy. Social distancing, restriction on transport, and complete lockdown in the cities of several countries have harmed every sector of business. The tech sector including semiconductor, electronic manufacturing service providers, and hardware companies are affected due to the temporarily shut down of their operations. Limitation on personnel movement and disruption in the supply chain are the major factors affecting the manufacturing units. Moreover, the change in customer behavior has also resulted in a decrease in demand for a wearable camera. All these factors have adversely affected the growth of the global wearable camera market during the pandemic situation.

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Global Wearable Camera Market: Segmentation

The global wearable camera market is divided into type, application, and region.

Based on the type, the global wearable camera market is split into ear mount & smart glass, body mount, and head mount. Among these, the head mount segment is expected to hold the largest share in the market.

Based on the application, the global market is segregated into healthcare, sports & adventure, industrial, security, and others. Among these, the sports & adventure segment is estimated to dominate the market.

Wearable Camera Market: Report Scope

Global Wearable Camera Market: Regional Analysis

Among the regions, North America is anticipated to dominate the global wearable camera market and maintain its dominance during the forecast period. The rise in demand for the wearable camera from the healthcare sector, continuous R&D activities to launch a new product, huge investments by the manufacturers, and rapid adoption of wearable technology are the key factors spurring the growth of the market in this region. Asia Pacific is estimated to grow at the highest CAGR due to a rise in disposable income, increase in spending on leisure, and increase in the trend of sharing pics & videos on social media. Europe is also expected to contribute to a significant share in the market.

Global Wearable Camera Market: Competitive Players

The key participants in the global wearable camera market include:

• Contour, LLC
• Sony Corporation
• Xiaomi
• Vievu LLC
• Axon Enterprise, Inc.
• Pinnacle Response Ltd.
• Narrative AB
• Garmin Ltd.
• Drift Innovation Ltd.
• GoPro Inc., among others.

The Global Wearable Camera Market is segmented as follows:

By Type 

• Ear Mount & Smart Glass
• Body Mount
• Head Mount

By Application 

• Healthcare
• Sports & Adventure
• Industrial
• Security
• Others

Global Wearable Camera Market: Regional Segment Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

What Reports Provides

• Full in-depth analysis of the parent market
• Important changes in market dynamics
• Segmentation details of the market
• Former, on-going, and projected market analysis in terms of volume and value
• Assessment of niche industry developments
• Market share analysis
• Key strategies of major players
• Emerging segments and regional markets
• Testimonials to companies in order to fortify their foothold in the market.