Reportedly, global underwater camera market will surpass US$8 billion by 2026 with regard to annual valuation. Globally, underwater camera market trends driven by the enhanced media and entertainment sector as well as underwater sports. The demand for underwater cameras that capture high-quality images will be augmented by a surge in activities such as swimming, scuba diving, and snorkeling.
Recently innovated cameras seem to allow shooting 4K vivid videos and also live-stream online. Such products are specifically designed to explore the deepest parts of the ocean through drones, that are difficult for divers to reach. Underwater imaging helps in various applications like researching the marine ecosystem and oceanic species.
Compact cameras are comparatively more affordable as compared to DSLRs and mirrorless cameras that are widely used in diving or snorkeling. These cameras are highly preferred in underwater photography due to the small size and portability that eliminates drag issues.
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Water rescue operations require vigilance with regards to the safety of both the rescuer and the victim. In such settings, underwater camera plays a critical role in spotting the exact location, reducing the overall time spent in manually searching for the victim. Additionally, professional underwater cameras are used to examine the underwater situation prior to diving.
The underwater camera market is also expected to witness a major upsurge in years ahead, driven by the mounting needs to capture clear and sharp underwater images to enhance marketability in the tourism industry.
In terms of segmentation by product, the compact underwater camera segment is likely to observe high growth over the estimated timeline, as it delivers high-quality images in the versatile subaquatic conditions. The segmental growth can also be credited to its low price as compared to mirrorless cameras and DSLRs, lightweight, and high portability with no drag issues.
With regards to the application spectrum, the global underwater camera market from the commercial segment is anticipated to account for a significant growth rate, owing to the increasing usage in education & research, media & entertainment, underwater sports, and other commercial applications.
Media companies and large aquarium owners are adopting these industrial underwater video cameras to capture quality videos for films, thereby attracting tourists and enhancing the marketing strategies.
On the regional front, the Asia Pacific underwater camera market is set to exhibit a CAGR of 12% through 2026. The regional market growth can be attributed to the expansion of the tourism industry in Japan, Singapore, and Taiwan, which attracts several scuba divers.
Moreover, government organizations in Japan, Australia, and other countries are lending a major focus on studying marine life. Taiwan, for instance, has 5 diving regions with diverse marine life. The country is also providing diving opportunities with a wide range of corals and fish species as well as emphasizing on the establishment of 3 marine parks. Likewise, Australia’s Great Barrier Reef also attracts divers from across the world.
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Table Of Content:
Chapter 5. Underwater Camera Market, By Product
5.1. Key trends by product
5.2. Printers Digital Single Lens Reflex [DSLR]
5.2.1. Market estimates and forecast, 2016 – 2026
5.3.1. Market estimates and forecast, 2016 – 2026
5.4.1. Market estimates and forecast, 2016 – 2026
Chapter 6. Underwater Camera Market, By Application
6.1. Key trends by product
6.2.1. Market estimates and forecast, 2016 – 2026
6.3.1. Market estimates and forecast, 2016 – 2026
6.3.2. Education & research institutes
126.96.36.199. Market estimates and forecast, 2016 – 2026
6.3.3. Media & entertainment
188.8.131.52. Market estimates and forecast, 2016 – 2026
6.3.4. Underwater sport
184.108.40.206. Market estimates and forecast, 2016 – 2026
220.127.116.11. Market estimates and forecast, 2016 - 2026
Chapter 7. Underwater Camera Market, By Distribution Channel
7.1. Key trends by distribution channel
7.2.1. Market estimates and forecast, 2016 – 2026
7.3.1. Market estimates and forecast, 2016 – 2026
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