The action camera market is expected to grow by USD 3.43 billion during 2020-2024, according to Technavio. The report offers a detailed analysis of the impact of the COVID-19 pandemic on the action camera market in optimistic, probable, and pessimistic forecast scenarios.
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Technavio has announced its latest market research report titled Global Action Camera Market 2020-2024 (Graphic: Business Wire)
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The action camera market will witness a negative impact during the forecast period owing to the widespread growth of the COVID-19 pandemic. As per Technavio’s pandemic-focused market research, market growth is likely to increase as compared to 2019.
With the continuing spread of the novel coronavirus pandemic, organizations across the globe are gradually flattening their recessionary curve by leveraging technology. Many businesses will go through response, recovery and renew phases. Building business resilience and enabling agility will aid organizations to move forward in their journey out of the COVID-19 crisis and towards the Next Normal.
This post-pandemic business planning research will aid clients to:
- Adjust their strategic planning to move ahead once business stability kicks in.
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Key Considerations for Market Forecast:
- Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior
- Optimistic, probable, and pessimistic scenarios for all markets as the impact of pandemic unfolds
- Pre- as well as post-COVID-19 market estimates
- Quarterly impact analysis and updates on market estimates
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Major Three Action Camera Market Participants:
Casio Computer Co. Ltd.
Casio Computer Co. Ltd. operates its business under consumer and systems segments. The company offers action cameras such as COOL STREET GEAR G’z EYE.
Eastman Kodak Co.
Eastman Kodak Co. operates its business under various segments such as print systems, enterprise inkjet systems, software and solutions, consumer and film, advanced materials and 3D printing technology, and Eastman Business Park. The company offers action cameras under the brand KODAK PIXPRO.
Garmin International Inc.
Garmin International Inc. operates its business under five segments, which include outdoor, fitness, marine, auto, and aviation. The company offers VIRB action cameras with 360 degree footage.
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE! Get report snapshot here to get detailed market share analysis of market participants during COVID-19 lockdown: https://www.technvaio.com/report/action-camera-market-industry-analysis
Action Camera Market 2020-2024: Segmentation
Action camera market is segmented as below:
- Ultra HD
- North America
- South America
The action camera market is driven by the popularity of social networking sites. In addition, other factors such as increasing implementation of product bundling strategy is expected to trigger the action camera market growth during the forecast period.
Get more insights about the global trends impacting the future of action camera market, Request Free Sample @ https://www.technavio.com/talk-to-us?report=IRTNTR41026
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.