Waterproof Camera Market maturing with 18.5% CAGR between 2023 and 2032

Pune, India, August, 2018 /press release/- Market Research Future Published a Half-Cooked Research Report on Global Waterproof Bluetooth Speaker Market Research Report.

People going hiking and trekking are often concerned that what if their camera falls in the water while capturing the scenic few of a waterfall or mountain. To address such concerns, the market for waterproof cameras came into existence. The waterproof camera allows users to click and capture any moment on camera, irrespective of the weather. The global waterproof camera market is expected to earn a tremendous amount of revenue in the upcoming years because the travel industry is also a growing industry and tourism industry is always active in some region or the other.

Market Research Future (MRFR) has published a research report about the global waterproof camera market that envisages the maturation for this market between 2023 and 2032, with 18.5% CAGR (Compound Annual Growth Rate). By the end of the forecast period, in terms of cash, this growth is expected to rise to US $ 14.2 bn. This report analyzes the market structure, evaluates its growth potential and future prospects.

The global waterproof camera market has been segmented on the basis of application, range, types, and lastly, region. On the basis of application, this market has been segmented into media & entertainment, security & surveillance, and travel & tourism. Waterproof cameras are useful for shooting underwater scenes in movies and TV shows. For security and surveillance, they are useful in water-themed amusement parks and swimming pools in order to ensure that people with limited swimming skills do not drown in the water at a time when everybody is busy in having fun. As mentioned earlier, they are used in the travel and tourism industry because they help tourists to capture the view of every scenic beauty of nature without them being worried about the weather.

Based on range, the market has been segmented into 10-30 m, 30-60 m, 60-80 m, and 80 m & above. By type, the market is segmented into disposable waterproof cameras and normal waterproof cameras. Disposable underwater cameras are cheap and have a limited functioning span. They are used for fun activities like snorkeling and can take pictures within 33 feet depth. The distance between a disposable waterproof camera and the object to be photographed should be maximum 33 feet (underwater).

The regional segmentation of global waterproof camera market segments the market into North America, Europe, Asia Pacific and rest of the world (RoW). Dominating the market for waterproof cameras, North America holds the 40% share of the global market. High disposable income and growing travel & tourism industries are the prime factors to drive the market in this region and the biggest market in North America comprises of the United States of America (USA) and Canada.

After North America, Europe is the biggest market for waterproof cameras as the tourism industry is big in Europe. Every year, Europe attracts about 100 mn tourists. According to a survey, the highest revenue from tourism is earned by France. Hence, among all European countries, France is an important market. Due to the trend of sharing the travel pictures on social media, many tourists find it thrilling to share their pictures in river or underwater on social media. A waterproof camera is a must buy for these tourists. Asia Pacific region is witnessing a steady growth rate in the waterproof camera market. By the end of the forecast period, the market in the Asia Pacific is going to be worth US $ 2 bn.

Browse In-depth Details [Table of Content, List of Figures, List of Tables] of Waterproof Camera Market Research Report

Key Players

The key players in the global waterproof camera market include Canon (Japan), FLIR Systems (USA), Fujifilm (Japan), Go-Pro (USA), Honeywell International Inc. (USA), Kodak (USA), Nikon (Japan), Olympus (Japan), Panasonic Corporation (Japan), and Robert Bosch Gmbh (Germany).

Latest Industry News

• Z-Edge WiFi sports action cam is a newly launched waterproof camera available for $ 70. It offers all features of GoPro at a fraction of the latter's cost. 26 JUL 2018


• Fujifilm, the Japanese giant in the market of waterproof cameras, has announced the launch of a new waterproof digital camera, named the FinePix XP130. This is the first camera in the XP series to feature Bluetooth connectivity. 24 JAN 2018