Underwater Cameras Market: - An Overview
The underwater camera is a waterproof camera for shooting videos and photos under the water. These cameras are used in snorkeling, swimming, or remotely operated underwater vehicles to capture images and videos. Underwater cameras use wide-angle lenses or macro lenses to allow close focus of the subject to avoid lack of clarity or image scattering for underwater images. There is increasing use of underwater cameras in commercial applications such as shooting documentaries, movies, underwater sports, and education & research to capture the subjects from underneath the water. Moreover, consumer’s lifestyle has changed to be more active, which can be seen through the high growth towards adventure sports such as water diving, and water surfing. Such factors are increasing the demand for underwater cameras.
COVID-19 Pandemic Impact on the market
The COVID-19 pandemic has impacted global business, outdoor activities, tourism, and other sectors. The COVID-19 impact has brought effects on many aspects such as travel bans and quarantines, restrictions on outdoor events, and others. This has negatively impacted the underwater camera sales, due to the disrupted in tourism sector and slowdown in underwater sports and adventures. Due to the COVID-19 impact, the international tourist arrivals globally is expected to decline by 60%-80% in 2020. These major factors declined the demand for an underwater cameras. However, according to estimates, as the COVID-19 pandemic situation gets controlled, the market for the underwater camera would recover soon by Q1, 2021.
Underwater Cameras Market: Drivers and Restraints
Increasing Demand of 3D Underwater Cameras
The rapidly growing new innovative technologies such as the integration of AI technology and 3D technology into the underwater cameras, is fueling the market demand. The 3D underwater camera has increased in popularity in the fields such as deep sea mapping, marine research and 3D movies. 3D underwater cameras are designed to operate in the 3D reconstruction of underwater scenes and objects for archeology, structural inspection, and seafloor mapping. The 3D underwater camera is being increasingly used to map the sea bed, detect marine population, and monitor fish stocks. Such features of 3D underwater cameras are propelling the growth of the underwater camera market.
Increasing Popularity of Underwater Photography on Social Media Platform
The underwater photography on social media platforms is a constantly growing trend. Social media is a great platform for photographers to share videos and images, with friends and the world. Facebook, Instagram, and other platform have increased significantly due to the popularity among the adventure enthusiasts. Underwater photography is a special type of photography that is most popular among snorkelers, scuba divers, and underwater sports. These cameras are widely used by photojournalists, marine scientists, and professional underwater photographers. Such factors has increased the demand for underwater cameras.
Underwater Cameras Market: Segmentation
The Underwater Cameras market has been segmented on the basis of Type, Sales Channel, Application, and Region.
The Underwater Cameras market is segmented on the basis of Type:
The Underwater Cameras market is segmented on the basis of Sales Channel:
The Underwater Cameras market is segmented on the basis of Application:
Underwater Cameras Market: Competition Landscape
Some of the prominent players in underwater cameras market are Canon Inc., Garmin Ltd., GoPro Inc., Panasonic Corp., Nikon Corp., FUJIFILM Holdings Corp., Sony Corp., Olympus Corp., Ricoh Co. Ltd., Subsea Tech, among others.
Underwater Cameras Market: Regional overview
Based on the region, the underwater cameras market has been segmented into North America, Latin America, East Asia, Europe, South Asia & Pacific, and Middle East & Africa. Due to the increasing number of outdoor and underwater activities in North America & Europe, these regions collectively holds more than 50% of the market shares in 2020. Moreover, the presence of some of the popular beachside tourist destinations is increasing the demand the underwater camera in the South Asia & Pacific and MEA region. Furthermore, the increasing demand for the social media platform for underwater photography is boosting the adoption of an underwater cameras.
The Underwater Cameras market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators, and governing factors, along with Underwater Cameras market attractiveness as per segment. The Underwater Cameras market report also maps the qualitative impact of various market factors on Underwater Cameras market segments and geographies.
The report covers exhaustive analysis on:
Regional analysis includes: