According to a recent market survey data from KeyMission 360, Tencent Digital (Compiled: Remarks) shows that the market size of wearable motion cameras will more than triple in the next five years.
According to the report, shipments of all wearable cameras will increase from 7.4 million to 2021 in 2015 to 24 million, and the total market size will reach 3.4 billion U.S. dollars. Although the current sports camera market is in a state of slight stagnation, but the future manufacturers will provide lower prices, better performance products to ease the current decline in overall market demand.
However, although the wearable camera market will show an overall growth trend in the future, the product itself will also usher in major changes. The first is that 360-degree imaging technology will be further used by manufacturers including Nikon, Ricoh, LG, and Samsung, which will also stimulate the growth of the entire consumer market. Consumers will use their wearable cameras to record the precious moments in their lives and become a virtuous circle in a market.
“The consumer market will become the biggest driver for the growth of wearable cameras in the future, and the applications for industrial, business, and medical applications will have very limited growth in the future,†said Aditya Kaul, research director at Tractica.
Source: digitaltrends
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