The overview report of the Body-Worn Camera Market
In addition, the worldwide body-worn camera market has been expected to increase at a CAGR of 16.4%, with the value of USD 2074.0 million over the estimated forecast year of 2030.
Although wearable technology is still in its early stages, niche segments like head-mounted displays and body-worn cameras are expected to have a longer-term perspective. Changing consumer lifestyles, the shift toward fitness and the need for advanced technologies for healthcare and security applications are expected to bring significant changes to market development. The body-worn cameras are used to capture video and audio data digitally. It typically comprises a microphone, camera, battery and data storage unit, which is either onboard or connected to a camera unit with a cable. They are primarily used for surveillance purposes by police and special law enforcement agencies. It allows capturing evidence and recording real-time data. The prime driving factor for the Body Worn Camera Industry growth is the rising need for maintenance and accountability of a transparent approach to police conduct.
Wearable cameras are witnessing increased adoption in various applications in sports and adventure segments. Goalies use those referees, catchers and umpires for the live recording of the sport, and skiers, skydivers, suffers and riders for recording and sharing their adventurous moments. With the rapidly increasing popularity of these cameras and the growing interest of the people in sports and adventurous activities, this segment growth is to drive the market forward. Various factors, like the increasing use of the connected wearable, the rise in extreme sports events, holidays and the music festivals, the growing trend of sharing content on the social networking websites, are driving the growth of the cameras in sports and adventure segments. The outbreak of the coronavirus has disrupted the supply chain globally. The global market has been facing a huge loss during the lockdown time.
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Report of Market Segmentation:
As per the latest body-worn camera market report, the market has been segmented into operation, resolution, end-users and regional analysis. The operation section has segmented the market into recording type, live streaming, and recording. The resolution section has classified the market into four parts 4K, full HD, HD, and others. The market has been divided into law enforcement, military, transportation, sports leisure, and others based on end-users. According to the regional basis, the market has been divided into five categories: Asia-Pacific, Europe, North America, South America, and Middle East Africa.
The body-worn camera market has evolved rapidly since federal funding programs in the United States for law enforcement body-worn cameras were announced in 2014. This funding and subsequent initiatives stimulated and accelerated increases in the shipments of body-worn cameras in the United States. More than half of the medium to large police departments in the United States use or are testing body-worn cameras in a present pilot program.
However, nearly one-third of the 18,000 state and local police departments in the United States purchase body cameras for their officers. This number is only expected to increase, positively fueling the market's growth.
Regional Analysis
North America to Lead in Global Body Worn Camera Market
North America can command the lead in the global market and exhibit 18.3% CAGR during the forecast period. This is attributed to its demand in law enforcement agencies and public outcry regarding the distaste of behavior of public officials. Pilot programs made with collaboration of vendors and improving efficiency of LEOs can drive regional market growth. Availability of compact devices can influence regional demand.
Competitive Analysis
Transcend Information, Inc. (Taiwan), Coban Technologies, Inc. (U.S.), GoPro, Inc. (U.S.), Motorola Solutions (U.S.), WatchGuard Technologies, Inc. (U.S.), Digital Ally, Inc. (U.S.), Axon Enterprises, Inc. (U.S.), Reveal Media Limited (U.S.), Panasonic Corporation (Japan), and Pinnacle Response Ltd. (Ireland) are key players in the global body worn camera market. Development of new features and collaborations are to be witnessed in the market.
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Industry News
Axon has joined hands with Gujarat State Police to deploy 10, 350 body worn cameras for its personnel. This can be used by first responders to take appropriate decisions and provide visibility to ongoing situations.
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