Garmin Action Camera Market Share

The factors driving the growth.

Garmin action camera market share. The report named global action camera market serves crucial perceptions into global action camera industry along with newfangled industry details currently dominating players in action camera chapter wise analysis of each section and looming industry trends which will guide the readers to target action camera market product specifications and clients driving the long term market. Extreme sports events holidays seasonal cycles and music festivals are the key factors driving the demand for action camera across the globe. The global action camera market size was estimated at usd 3 3 billion in 2018 and is expected to register a revenue based cagr of 16 7 over the forecast period. In 2019 garmin will celebrate its 30th anniversary.

The global action camera market size is expected to reach 8 9 billion by 2025 rising at a market growth of 18 3 cagr during the forecast period. Garmin believes the principal competitive factors impacting the market for its products are design functionality quality and reliability customer service. As per recent company data garmin earned 20 percent of its revenue from the aviation segment in 2019 whilst the outdoor and fitness segment earned 52 percent of the revenue. The global action camera market is expected to witness substantial growth during the forecast period.

We are very pleased with our accomplishments in 2018 and are optimistic about what we. Can achieve in the coming year. Key participants accumulating significant action camera market share include gopro drift innovation contour garmin ion worldwide jvc kenwood rollei. Entering 2020 we see many opportunities ahead and believe that we are well positioned to seize these opportunities with a strong lineup of products across all.

The market for action cameras is expected to witness a substantial growth due to the various benefits it provides in comparison with either standard point and shoot or dslr. Asia pacific action camera market size is expected to witness high growth owing to rising customer demand across the region. The market value reached usd 4 237 9 million in 2017 and is expected to reach usd 9 382 5 million by 2023. While we continue to see a decline of the pnd market size our share of the market remains strong.

Quarterly and annual earnings 2019 was another remarkable year of revenue and operating income growth driven by strong performance in our aviation marine outdoor and fitness segments. The global action camera market is expected to grow at 14 21 cagr during the forecast period. The action camera market is expected to register a cagr of approximately 18 during the forecast period 2020 2025.