Connect with us

Technology

Action Camera Market size is set to grow by USD 3.65 billion from 2024-2028, Growing popularity of social networking sites boost the market, Technavio

Published

on

NEW YORK, July 18, 2024 /PRNewswire/ — The global action camera market size is estimated to grow by USD 3.65 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of over 15.11%  during the forecast period. Growing popularity of social networking sites is driving market growth, with a trend towards rapid shift in demand from developed nations to developing nations. However, rising popularity of smartphones  poses a challenge. Key market players include C and A Marketing Inc., CASIO Computer Co. Ltd., Chilli Tech Europe Ltd., Drift Innovation Ltd., Eastman Kodak Co., Garmin Ltd., GoPro Inc., HTC Corp., iON America LLC, Nikon Corp., Olympus Corp., Panasonic Holdings Corp., Ricoh Co. Ltd., Rollei GmbH and Co. KG., Shenzhen Amkovery Tech. Development Co. Ltd., SJCAM Ltd., Sony Group Corp., Toshiba Corp., Veho, and Xiaomi Communications Co. Ltd..

Get a detailed analysis on regions, market segments, customer landscape, and companies- View the snapshot of this report

Action Camera Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 15.11%

Market growth 2024-2028

USD 3657.3 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

12.8

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 35%

Key countries

US, China, UK, Germany, and France

Key companies profiled

C and A Marketing Inc., CASIO Computer Co. Ltd., Chilli Tech Europe Ltd., Drift Innovation Ltd., Eastman Kodak Co., Garmin Ltd., GoPro Inc., HTC Corp., iON America LLC, Nikon Corp., Olympus Corp., Panasonic Holdings Corp., Ricoh Co. Ltd., Rollei GmbH and Co. KG., Shenzhen Amkovery Tech. Development Co. Ltd., SJCAM Ltd., Sony Group Corp., Toshiba Corp., Veho, and Xiaomi Communications Co. Ltd.

Market Driver

The global action camera market is experiencing a significant transition from developed to developing nations. This shift is primarily due to the escalating popularity of adventure tourism and improving sports facilities in emerging economies. The reach of action cameras remains limited in countries like India and China, creating a vast business opportunity for vendors. Key driving factors for sales in developing nations include rising urbanization, increasing disposable income, growing usage of social media, and a burgeoning interest in photography. These trends are expected to boost the demand for action cameras during the forecast period. 

The action camera market is experiencing significant growth, driven by primary drivers like voice control technology and extreme sporting events. Global demand is high for these compact devices, particularly during seasonal cycles such as holidays and festivals. Consumers, both amateurs and professionals, are using action cameras to capture life experiences in Full HD, HD, Ultra HD, and standard resolution. Sports like mountaineering, rafting, boating, skiing, underwater sports, and even bicycle racing are popular use cases. Brands like YI Technology lead the market with innovative features like AI technologies and VR techniques. Accessories like dashboard mounts and underwater housings expand the market’s reach. Despite lockdowns, the market continues to thrive, with trends like Periscope and 360-degree cameras gaining traction. Action cameras offer a unique way to exploit life’s adventures and create high-quality films and photographs. 

Discover 360° analysis of this market. For complete information, schedule your consultation – Book Here!

Market Challenges

The sales of smartphones have significantly increased since their introduction to the mass market in 2009. This growth can be attributed to the declining average selling price (ASP) and advancements in communication network infrastructure. High-end smartphones, such as the iPhone 11 Pro, Google Pixel 4, and Samsung Galaxy Note 10 Plus, offer superior cameras capable of shooting high-quality videos. As a result, smartphones have become an essential device for many consumers. Global electronics manufacturers are focusing on developing affordable smartphones with advanced features, including high-end cameras, to cater to the growing middle-class population, particularly in developing countries like China and India. This trend is expected to hinder the growth of the global action camera market during the forecast period.The Action Camera Market is experiencing significant growth due to increasing demand from Recreational Activities, Emergency Services, and Adventurous sports. Digital technology advances, such as updated processors and 4K resolution, are driving market traction. Market participants are focusing on meeting Shooting needs with features like wide-angle lenses, horizon leveling, and video stabilization. Sky diving, bungee jumping, scuba diving, and extreme sports events are popular use cases. Youth population and Social media platforms are key drivers, with IoT integration enabling cloud storage services and real-time sharing. Technologically advanced devices with bigger sensors, 10-bit color depth, and enhanced video stabilization are emerging trends. GoPro offers touch-sensitive screens and Boost mode for improved user experience. Battery capacity is a challenge, as is meeting the needs of Adventure Enthusiasts in various shooting conditions.

For more insights on driver and challenges – Request a sample report!

Segment Overview 

This action camera market report extensively covers market segmentation by  

Technology 1.1 Ultra HD1.2 HDEnd-user 2.1 Commercial2.2 ResidentialDistribution Channel3.1 Online3.2 OfflineGeography 4.1 North America4.2 Europe4.3 APAC4.4 South America4.5 Middle East and Africa

1.1 Ultra HD-  The action camera market has experienced significant growth in recent years due to increasing consumer interest in capturing and sharing adventures. These compact, portable devices offer high-definition video and photo capabilities, making them ideal for extreme sports and travel. Major players in the market include GoPro and Sony, who continuously innovate to meet consumer demands. Competition is fierce, leading to affordable pricing and advanced features. This market trend is expected to continue as technology advances and consumers seek new ways to document their experiences.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2017-2021) – Download a Sample Report

Learn and explore more about Technavio’s in-depth research reports

The global body-worn camera market is experiencing robust growth driven by increasing adoption in law enforcement and security sectors. These cameras enhance transparency, accountability, and safety in operations, fueling demand worldwide.

Military adoption of body-worn cameras is rising, driven by their role in enhancing situational awareness and operational effectiveness. These ruggedized cameras offer real-time data capture and analysis capabilities, supporting modern warfare requirements.

The automotive dashboard camera market is expanding due to growing vehicle safety concerns and insurance mandates. These cameras provide crucial evidence in accidents and deter theft, driving their integration into modern vehicles globally.

Research Analysis

The Action Camera Market is experiencing significant growth, driven by the adventurous spirit of the youth population and the desire to capture and share their experiences on social media platforms. Technologically advanced devices with 4K resolution and IoT capabilities are primary drivers of this market traction. Emerging trends include AI and VR techniques, providing immersive experiences for users. Adventure enthusiasts are increasingly using action cameras for extreme sports events such as mountaineering, rafting, boating, skiing, underwater sports, surfing, climbing, skydiving, bicycle racing, and bicycling. Holidays and seasonal cycles also contribute to market demand. Box Style and Cube Style cameras offer versatility and compactness, making them popular choices for consumers. Global demand for action cameras continues to rise, fueled by the growing popularity of these devices in various industries and applications.

Market Research Overview

The Action Camera Market is experiencing significant growth as Adventure Enthusiasts seek to capture and share their extreme experiences in 4K resolution on Social Media Platforms. IoT technology and the Youth population’s affinity for tech-savvy gadgets are primary drivers. Extreme sports events, holidays, and seasonal cycles continue to fuel market traction. Technologically advanced devices with bigger sensors, 10-bit color depth, enhanced video stabilization, and the broadest field-of-view are in high demand. Offerings from companies like GoPro, with touch-sensitive screens and voice control, lead the trend. Emerging trends include AI and VR techniques for immersive experiences. Adventurous sports such as mountaineering, rafting, boating, skiing, underwater sports, and high-quality films and photographs are popular use cases. Accessories like dashboard and ocean mounts expand the market, catering to consumers, amateurs, and professionals alike. Lockdowns and holidays like Thanksgiving have boosted sales. Periscope and 360-degree cameras are new additions, offering unique perspectives. Market participants include YI Technology and others, with updated processors and cloud storage services. Shooting needs vary, from standard resolution to Full HD, HD, Ultra HD, and Standard Resolution. The market is diverse, catering to various shooting needs, from extreme sports to emergency services and recreational activities.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

TechnologyUltra HDHDEnd-userCommercialResidentialDistribution ChannelOnlineOfflineGeographyNorth AmericaEuropeAPACSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

View original content to download multimedia:https://www.prnewswire.com/news-releases/action-camera-market-size-is-set-to-grow-by-usd-3-65-billion-from-2024-2028–growing-popularity-of-social-networking-sites-boost-the-market-technavio-302199142.html

SOURCE Technavio

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

ZKH Group Limited to Announce First Quarter 2026 Financial Results on Thursday, May 21, 2026

Published

on

By

SHANGHAI, May 7, 2026 /PRNewswire/ — ZKH Group Limited (“ZKH” or the “Company”) (NYSE: ZKH), a leading maintenance, repair and operations (“MRO”) procurement service platform in China, today announced that it will release its unaudited financial results for the first quarter 2026, on Thursday, May 21, 2026, before the open of the U.S. markets.

The Company’s management will hold an earnings conference call on Thursday, May 21, 2026 at 7:00 A.M. U.S. Eastern Time (7:00 P.M. Beijing/Hong Kong Time) to discuss the financial results. Listeners may access the call by dialing the following numbers:

United States (toll free):

+1-888-317-6003

International:

+1-412-317-6061

Mainland China (toll free):

400-120-6115

Hong Kong (toll free):

800-963-976

Hong Kong:

+852-5808-1995

Access Code:

2335796

A replay of the conference call will be accessible by phone one hour after the conclusion of the live call at the following numbers, until May 28, 2026:

United States:

+1-855-669-9658

International:

+1-412-317-0088

Replay Access Code:

6840038

A live and archived webcast of the conference call will also be available on the Company’s investor relations website at https://ir.zkh.com.

About ZKH Group Limited

ZKH Group Limited (NYSE: ZKH) is a leading MRO procurement service platform in China, underpinned by robust supply chain capabilities and dedicated to serving customers globally through a product-led, agentic AI-driven approach. Through its primary online platforms, the ZKH platform, the GBB platform and the Northsky platform, along with innovative technology and extensive industry expertise, the Company provides bespoke MRO procurement solutions to a diverse and loyal customer base. These solutions encompass hyper-personalized product curation from a comprehensive selection of quality products at competitive prices. Additionally, the Company ensures timely and reliable product delivery through professional fulfillment services. By focusing on reducing procurement costs and addressing management efficiency challenges, ZKH is transforming the opaque MRO procurement process and empowering all stakeholders across the value chain.

For more information, please visit: https://ir.zkh.com.

For investor and media inquiries, please contact:

ZKH Group Limited
IR Department
E-mail: IR@zkh.com

Christensen Advisory
Email: zkh@christensencomms.com

View original content:https://www.prnewswire.com/news-releases/zkh-group-limited-to-announce-first-quarter-2026-financial-results-on-thursday-may-21-2026-302765384.html

SOURCE ZKH Group Limited

Continue Reading

Technology

Goldman Sachs, J.P. Morgan, TD Securities, Morgan Stanley, and Bank of America Join LTX in Bid to Unlock Greater Liquidity in Corporate Bonds

Published

on

By

Broadridge-backed LTX to add Representatives from J.P. Morgan and TD Securities to its Board of Directors

NEW YORK, May 7, 2026 /PRNewswire/ — LTX, an AI-powered corporate bond e-trading venue backed by global Fintech leader, Broadridge Financial Solutions, Inc. (NYSE:BR), today announced that Goldman Sachs, J.P. Morgan, TD Securities (through its subsidiary, TD Financial Products LLC), Morgan Stanley, and Bank of America have joined LTX as fully integrated liquidity providers. This major milestone underscores the participants’ commitment to serving buy-side clients by delivering increased choice and improving liquidity in fixed income markets. J.P. Morgan and TD Securities will each appoint a representative to LTX’s Board of Directors.

The AI-powered LTX corporate bond e-trading platform offers investors access to a suite of innovative trading tools including the award-winning BondGPTSM solution. These leading dealers will provide investment grade and high yield bond liquidity on the platform, joining 40+ liquidity providers and 100+ buy-side investors already on LTX.

Patrick Whelan, Global Head of FICC Digital Markets at JP Morgan, said, “In a competitive market, we’re committed to supporting new entrants and fostering greater competition in the US credit multi-dealer platform landscape. Our collaboration with LTX leverages innovative technology to broaden investor access, enhance liquidity, and streamline execution—empowering clients with more choice and driving industry advancement.”

“We’ve been impressed by LTX’s commitment to deliver innovative execution and artificial intelligence solutions to both sell-side and buy-side participants,” said Marty Mannion, Co-Head of TD Financial Products.  “We are excited to enter into this strategic partnership and accelerate these efforts to drive greater efficiencies in the corporate bond market.”

“We are excited to welcome these five leading dealers as fully integrated liquidity providers and look forward to working with them to drive increased liquidity and execution in the fixed income marketplace,” said Chris Perry, President of Broadridge. “Broadridge’s commitment to helping our clients innovate and grow through cost effective technology solutions is further reinforced by the inclusion of these premier institutions. I’m also excited to welcome J.P. Morgan and TD Bank to the Board of LTX.”

“We’re thrilled to be working with Goldman Sachs, J.P. Morgan, TD Securities, Morgan Stanley, and Bank of America as liquidity providers on LTX,” said Jim Kwiatkowski, CEO of LTX. “The combination of LTX’s innovative trading tools and AI-powered workflows with the deep liquidity and market expertise of these leading institutions positions us to help transform corporate bond trading. Together, we are unlocking liquidity, optimizing efficiency, and helping drive down trading costs for the market. It’s an exciting time for LTX, for our growing list of buyside clients, and for the future of corporate bond trading.”

Backed by Broadridge, LTX was created to address corporate bond market challenges that have slowed the growth in adoption of electronic trading compared to other markets by offering certain benefits. These include facilitating essential dealer-client relationships, lower trading and data costs, and better e-trading options for large sized trades. Partnering with some of the leading market participants, LTX is uniquely positioned to address these industry pain points by using patented AI and execution protocols to deliver improved liquidity at a lower cost, while facilitating relationships between dealers and buy-side clients through direct, fully disclosed trading. The addition of these liquidity providers underscores LTX’s position as a dynamic marketplace for buy- and sell-side corporate bond market participants.

LTX’s latest  innovation, BondGPT Intelligence, brings GenAI-powered insights directly into investing and trading workflows, anticipating traders’ needs and helping them identify opportunities and execute trades more efficiently. Using patented technology for the methods and systems behind BondGPT including the large language model (LLM) orchestration of machine learning agents, these milestones build on LTX’s legacy of harnessing innovation to further electronify the corporate bond market and reinforce Broadridge’s commitment to advancing intelligent trading solutions.

About LTX
LTX is an electronic trading platform that enables corporate bond market participants to trade smarter, combining powerful, patented artificial intelligence with innovative e-trading protocols to improve liquidity, efficiency, and execution. The Liquidity Cloud is LTX’s secure network of actionable disclosed sell-side axes and anonymous buy-side indications of interest (IOIs). LTX leverages Broadridge Business Process Outsourcing, LLC as its broker dealer.

For more information about LTX, please visit www.ltxtrading.com.

About Broadridge
Broadridge Financial Solutions (NYSE: BR) is a global technology leader with trusted expertise and transformative technology, helping clients and the financial services industry operate, innovate, and grow. We power investing, governance, and communications for our clients – driving operational resiliency, elevating business performance, and transforming investor experiences.

Our technology and operations platforms process and generate over 7 billion communications annually and underpin the daily average trading of over $15 trillion in tokenized and traditional securities globally. A certified Great Place to Work®, Broadridge is part of the S&P 500® Index, employing over 15,000 associates in 21 countries.

For more information about us, please visit www.broadridge.com 

Broadridge Contacts:

Investors:
broadridgeir@broadridge.com           
Media:
Gregg.Rosenberg@broadridge.com 

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/goldman-sachs-jp-morgan-td-securities-morgan-stanley-and-bank-of-america-join-ltx-in-bid-to-unlock-greater-liquidity-in-corporate-bonds-302764983.html

SOURCE Broadridge Financial Solutions, Inc.

Continue Reading

Technology

Electric Era Teams with WEX to Drive Customers and Revenue to Retail-Based Charging Locations

Published

on

By

SEATTLE, May 7, 2026 /PRNewswire/ — Electric Era, America’s leading retail-first EV charging company, today announced the addition of WEX® fleet payment processing services to their retail-based EV fast charging systems across the U.S.

Adding WEX fleet cards as a payment option underscores Electric Era’s unique strategy to design DC fast charging systems that function as marketing platforms for retailers to draw-in customers to grow sales revenues. With WEX, Electric Era’s chargers are available to WEX Fleet EV drivers to use at prominent fuel retailers in the Skycharger Network, Plaid Pantry and Space Age locations, and will be rolling out across Electric Era stations at Love’s Travel Stops, Giant Eagle and more soon.

“Our vision is to make EV charging as ubiquitous as traditional petroleum fueling with equally dependable charging stations located in safe, accessible locations to drive traffic and revenues to retail and food establishments,” said Quincy Lee, Electric Era CEO and founder. “By adding WEX, we’re creating new opportunities to drive even more store traffic to our retail customers, while simplifying payment processing for EV drivers and fleet operators.”

With the addition of WEX, commercial EV drivers will be able to use their WEX EV RFID or WEX DriverDash® mobile app to charge at Electric Era EV charging sites, and utilize WEX’s proprietary payment network to process payments, while simultaneously capturing charging data, driver ID, locations and vehicle mileage. This allows fleet managers to simplify billing, controls and expense tracking for both their electric-powered and internal combustion engine (ICE) fleet vehicles simultaneously.

“We’re focused on making mixed-energy fleet management seamless for fleet operators, and this is an important step toward making that happen,” said Sarah Booth, senior director, WEX Connected Fleet. “This collaboration with Electric Era adds reliable, retail adjacent EV fast charging to our growing network and will help our customers efficiently manage both electric and traditional fueled vehicles within a single account.”

Simple and easy to use, Electric Era’s EV chargers are available to all EV drivers and do not require special apps or accounts to use them. Simply tap a valid credit, debit or – and now a WEX RFID card – to pay for charging. EV fleet drivers can also pay via the WEX DriverDash mobile app.

A Retail-First EV Charging Platform
Founded by a SpaceX engineer, Electric Era reimagines high-power EV charging systems from the ground up to break down the barriers to rapid deployment of highly reliable DC fast charging systems. To make level-3 DC fast charging a profitable, market-driven solution, Electric Era designed their chargers specific for retail businesses to leverage retail adjacency and utilize the charging kiosks as an extension of company brand and retail space.

Electric Era’s patented battery-backed power architecture and energy management system enables their chargers to be installed as fast as 60-days, while delivering 400 kW max charge output with 99.8% per-port reliability – the new industry standard.

To help convenience stores and fuel retailers leverage the unique revenue-driving opportunities of DC fast charging systems, Electric Era provides complete start-to-finish, turn-key installations of their retailer-branded chargers – including successfully coordinating grant funding that reduces upfront CapEx costs to de-risk deployments and generate faster ROI.

About Electric Era
Electric Era is the only full-service EV charging solutions provider focused on the rapid deployment of highly reliable Level-3 DCFC systems at retail locations to grow and extend their retail space. Electric Era’s patented battery-backed charging architecture and bespoke, retail-first charging solutions deliver industry-leading power and reliability in a package that dramatically reduces installation time and energy costs.

For more information and the latest Electric Era updates, go to electricera.tech or follow us on
X: @ElectricEraTech LinkedIn: Electric-Era Facbook: ElectricEraTechnologies and YouTube: electricera.tech

SIDEBAR

HED: Electric Era + WEX® Opening Doors to Fleet Productivity and Retail Opportunities

As transportation-centric businesses accelerate EV adoption to reduce carbon emissions and lower operating costs, the Electric Era + WEX alliance enables fleet operators to:

Simplify company/driver-specific dashboards to simultaneously track both petro-fuel and electric charging platformsTrack EV specific expenses as a line item in familiar report formats – with similar levels of oversight and control as petroleum refuelingAllow retailers to gain access to WEX’s customer base to help attract new customers and increase store traffic for additional retail revenuesOpens the door to future QSR/fuel retailer loyalty program offerings via Electric Era’s EV charging systemsFurther strengthens Electric Era’s retail-first EV charging systems for retail and QSR/refueling locations and leader in public/private funded installations

View original content to download multimedia:https://www.prnewswire.com/news-releases/electric-era-teams-with-wex-to-drive-customers-and-revenue-to-retail-based-charging-locations-302764939.html

SOURCE Electric Era

Continue Reading

Trending