Video Camera Market Share, Size And Trends Analysis Report By Radiant Insights, Inc
Aug 18, 2016
The global video camera market will gain traction over the forecast period (2013-2018). It is projected to gain USD 5 billion over the same duration.
San Francisco, United States - August 18, 2016 /MarketersMedia/ —
A video camera is an electronic device used to capture moving images. It has a wide user base in the media & entertainment industry. But with the advent of smartphones, use of video cameras has spread out in a myriad of mediums. The global video camera market will gain traction over the forecast period (2013-2018). It is projected to gain USD 5 billion over the same duration.
Action cameras are the current trending technology which can catapult the global market to new heights. These cameras are simple and durable and cane attached to helmets, cycles, or anywhere on the body.
The market is segmented by products and regions. Products of the video camera market are professional video cameras, closed-circuit television (CCTV) cameras, Webcams, camcorders, and others. ‘Others’ encompasses specialized cameras involved in scientific research and vehicle cameras.
CCTV cameras are expected to gain more than average market shares on account of security purposes. These will be used to identify people and property and monitor and store their day-to-day activities for future use.
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Cameras attached to vehicles will reportedly grow at a 12% CAGR over the next five years. They are mainly used in Advance Driver Assistance Systems (ADAS). The high growth rate can be ascribed to the demand by consumers in luxury and commercial vehicles.
Regions comprises of North America, Asia Pacific, Europe, Latin America, and RoW (Rest of the World). Asia Pacific will capture major market shares in the years ahead due to disposable incomes and proximity to lucrative regions such as China and India. North America and Europe will follow Asia Pacific.
Some of the prominent players in the video camera market are Panasonic Corporation, Sony Corporation, Victor Company of Japan, Ltd. (JVC), and Canon Inc. Panasonic Corporation recently launched PanaCast 2, a 4K real time video camera which addresses various customer requirements such as technology specifications and price.
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