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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Underwater Camera Market Analysis
The underwater camera market demand is likely to be propelled in the forecast period by increasing marine biology and oceanography activities. Researchers and experts in the realms of marine biology and oceanography are progressively relying on underwater cameras to record marine creatures, carry out investigations, and gather essential information. With technological advancements enhancing image quality, the market is expected to experience further expansion in the upcoming years.
The rising interest in recreational diving and water sports is a major driver for the underwater camera industry growth. As more people seek to document their underwater experiences, there is a growing demand for user-friendly, durable, and high-quality underwater cameras. Moreover, social media influencers are increasingly engaging and promoting such activities. Market players are also focusing on the production of a wide range of products catering to diverse consumer needs, ranging from compact point-and-shoot cameras to professional-grade DSLR options.
Underwater Camera Market Report Snapshots
Underwater Camera Market Growth
Underwater Camera Market Analysis
Underwater Camera Market Share
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 6.75 billion.
The market is projected to grow at a CAGR of 12.1% between 2024 and 2032.
The market is estimated to witness healthy growth in the forecast period of 2024-2032 to reach a value of around USD 19.02 billion by 2032.
The market is driven by the increasing demand for underwater cameras in marine biology and oceanography and technological advancements improving camera functionalities.
The growing popularity of recreational diving and water sports and the market players focus on the manufacturing of a wide range of camera products are the key trends aiding the market growth.
The market is broken down into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
The different applications are personal, commercial photography, media and entertainment, education and research, and sports, among others.
The competitive landscape consists of Nikon Corporation, Sony Corporation, Canon Inc., FUJIFILM Holdings Corporation, Panasonic Corporation, GoPro Inc., SZ DJI Technology Co., Ltd., Sealife Cameras, Scale Aquaculture AS, Ricoh Company Ltd., and OM Digital Solutions Corporation, among others.
Based on the camera type, the market is divided into DSLR (digital single lens reflex), mirrorless and compact.
The underwater camera market is categorised according to the distribution channel, which includes online and offline.
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