Global Underwater Camera Market to grow at a CAGR of 19.82% during the period 2017 - 2021; Finds New Report

Report forecast the global underwater camera market to grow at a CAGR of 19.82% during the period 2017-2021.

Underwater cameras are used to take photos and shoot videos of underwater sports and activities. Regular cameras are not suitable for underwater photography and videos as their ICs have limited protection and are not designed for extreme conditions such as water or snow. Underwater cameras are compact, lightweight, designed for rugged conditions, and work efficiently in an industrial environment. They can be worn by a person under water. These cameras are used to take high-speed and high-quality images underwater.

The report covers the present scenario and the growth prospects of the global underwater camera market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of underwater cameras, excluding cameras that cannot be submerged in water.

The market is divided into the following segments based on geography:

• Americas
• APAC
• EMEA

According to the report, one of the major drivers for this market is popularity of social networking sites. The increase in social media activities is one of the major drivers for the sales of underwater cameras. In 2015, Facebook in 2015 had 1.5 billion monthly active users and Twitter had 300 million monthly active users. Over a billion unique users visit YouTube every month. GooglePlus has around 120 million active users monthly, and there are more than 300 million people on Instagram. The demand for underwater cameras is increasing as people are keen to share photos and videos with their friends through popular social networking sites.

Further, the report states that one of the major factors hindering the growth of this market is underwater cameras are vulnerable to damage. The setup of an underwater camera is fragile, which makes it vulnerable to damage due to heavy usage. Low-cost underwater digital cameras are usually made of plastic due to which the cameras are prone to shocks when dropped. An underwater camera has a bulky design to protect it from shock and to protect ICs from being exposed to water. Its bulkiness hinders its usability and minimizes control.

Global Underwater Camera Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the global underwater camera market: Canon, Nikon, Panasonic, and Sony.

Other Prominent Vendors in the market are: Brinno, Drift Innovation, Fujifilm, Garmin International, GoPro, Olympus, Ricoh, Rollei, Samsung Electronics, and Toshiba.

Market driver

• Popularity of social networking sites
• For a full, detailed list, view our report

Market challenge

• Underwater cameras are vulnerable to damage
• For a full, detailed list, view our report

Market trend

• Bundle packaging
• For a full, detailed list, view our report

Key questions answered in this report

• What will the market size be in 2021 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?

Spanning over 66 pages and 37 Exhibits “Global Underwater Camera Market 2017 - 2021” report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Market segmentation by end-user, Market segmentation by distribution channel, Geographical segmentation, Key leading countries, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Appendix.

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