Global Body Worn Camera Market Overview:
Body-worn cameras are a small-sized camera that are clipped into the uniform and it is used to collect audio and video footage. The rapid adoption of the Body-Worn Camera is creating the potential to provide key evidence for cases, but it also improves the community relations and accountability of the product. It is the most advanced wearable device which helps in video capturing. Its major application is for the police officer, whom it provides the highest video and image quality, even in low-light resolution, and with an advanced wide-angle capability. The global body-worn camera market value is expected to reached near about USD ~990 million by FY2023. Some of the key players profiled in the study are Pinnacle Response Ltd. (United Kingdom), Pro-Vision (United States), Transcend Information, Inc. (Taiwan), Wolfcom Enterprises (United States), Veho (MUVI) (United Kingdom), Panasonic (Japan), Digital Ally (United States), Shenzhen AEE Technology Co. Ltd. (China), Safety Vision LLC (United States) and GoPro-Intrensic (United States).
On the basis of geography, the market of Body Worn Camera has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Storage, the sub-segment i.e. Memory Based will boost the Body Worn Camera market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channels, the sub-segment i.e. Online Sales Channels will boost the Body Worn Camera market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Development in Wearable Device Market
- Improvement in The Security, Safety, And Decision-Making During Emergency Operations
- High Adoption of the Body-Worn Camera with the Cloud Storage Features Across the Globe
- Intense Market Rivalry Among Emerging Economies
- Lack of Consumer Awareness
- Technology Development in Consumer Electronics Market Across the Globe
- High Cost Associated with Body Worn Camera
Major Market Developments:
In Mar 2020, Axis Communication announced too enter into the body-worn camera market by designing advanced solutions for the application for law enforcement and private security. Their solutions include a robust camera, docking station, and an advanced system controller. Through this initiative, the company is aiming to enhance its product offering and become more competitive among leading players.
The companies are exploring in this market are expanding their footprints across new regions and highly investing various growth strategies such as adopting mergers & acquisitions, expansions, investments, new product launches. The major players are expanding in new areas with the expansions and acquisitions across the globe to avail a competitive advantage through combined initiatives.
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analyst and Strategic Business Planners, Body Worn Camera Manufacturers, Distributors, and Suppliers, Government Regulatory and Research Organizations and End-Use Industries
Major Objectives Focused through this Study
To define, describe, and forecast the Global Body Worn Camera market on the basis of product [Recording Type and Live Streaming Type] , application [Law Enforcement Agencies and Civil Usage], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Body Worn Camera market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Body Worn Camera industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Vendors which are also part of the research are Shenzhen Eeyelog Technology Co. Ltd. (China), Pannin Technologies (United States) and 10-8 Video Systems LLC (United States).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Body Worn Camera market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.