The Body Worn Camera Market Overview Report
Further, the global body worn camera market is expected to grow at a CAGR of 16.4%, with a value of USD 2,074.0 million in the estimated forecast year of 2030.
Although wearable technology is still in its infancy, niche segments such as head-mounted displays and body-worn cameras should have a longer term perspective. The changing lifestyles of consumers, the move towards fitness, and the need for advanced technologies for health and safety applications are expected to bring significant changes to the development of the market. Body-worn cameras are used to digitally capture video and audio data. It usually includes a microphone, a camera, a battery and a data storage unit, which is either built-in or connected to a camera unit with a cable. They are mainly used for surveillance purposes by police and special law enforcement. It allows to capture evidence and record data in real time. The first driving factor of body-worn camera market growth is the growing need to maintain and report on a transparent approach to police conduct.
Wearable cameras are increasingly being adopted in various applications in the sports and adventure segments. Goalkeepers use these umpires, catchers and umpires for live sports recording, and skiers, skydivers, victims and riders to record and share their adventure moments. With the growing popularity of these cameras and people’s growing interest in sports and adventure activities, this segment growth is bound to drive the market forward. Various factors like increasing usage of connected wearable, rise in extreme sporting events, holidays and music festivals, growing trend of content sharing on social networking sites are driving the growth of Cameras in the segments sports and adventure. The coronavirus outbreak has disrupted the supply chain globally. The global market faced a huge loss during the lockdown period.
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Market Segmentation Report:
According to the latest Body Worn Camera market report, the market has been segmented into operation, resolution, end users and regional analysis. The operations section has segmented the market into recording type, live streaming and recording. The resolution section categorized 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 market for body-worn cameras 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 have stimulated and accelerated the increase in body-worn camera shipments in the United States. . More than half of medium to large police departments in the United States are using or testing body-worn cameras as part of a current pilot program.
However, nearly a 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 growth of the market.
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North America leads the global body-worn camera market
North America can take the lead in the global market and show a CAGR of 18.3% during the forecast period. This is attributed to his demand in law enforcement and public outcry over disgust at the behavior of public officials. Pilot programs carried out with the collaboration of suppliers and the improvement of the efficiency of LEOs can stimulate the growth of the regional market. The availability of compact devices may influence regional demand.
Transcend Information, Inc. (Taiwan), Coban Technologies, Inc. (US), GoPro, Inc. (US), Motorola Solutions (US), WatchGuard Technologies, Inc. (US), Digital Ally, Inc. (US), Axon Enterprises, Inc. (US), Reveal Media Limited (US), Panasonic Corporation (Japan) and Pinnacle Response Ltd. (Ireland) are key players in the global body-worn camera market. The development of new features and collaborations is to be seen in the market.
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Axon has partnered with Gujarat State Police to deploy 10,350 body-worn cameras for its personnel. This can be used by first responders to make appropriate decisions and provide visibility into ongoing situations.
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