The underwater camera market report encompasses an in-depth analysis of the business space in question. All the growth facilitators responsible for furling the revenue scope of this industry are mentioned in the study in conjunction with the competitive and geographical trends characterizing this business. Some of the very pivotal parameters encompassed in the report fall along the lines of industry segmentation, industry ecosystem analysis, vendor matrix, and industry insights.
Growing interest of consumers in recreational scuba diving and other related activities is slated to proliferate global underwater camera market size in the forthcoming years.
Likewise, rapid adoption of the underwater camera system in the research activities related to ecology and marine geology will further amplify industry expansion over the forecast spell. Underwater cameras are gaining widespread acceptance owing to myriad benefits, such as the ability to capture high-quality pictures. These devices also support the educational institutes and researchers in assessing underwater habitats, species, as well as the impacts of human intervention on the marine ecosystem.
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Compact cameras are comparatively more affordable as compared to DSLRs and mirrorless cameras that are widely used in diving or snorkeling. These cameras are highly preferred in underwater photography due to the small size and portability that eliminates drag issues.
The advantages of compact cameras such as lighter in weight and easy to carry make them popular among travelers. Also, the smaller sensors of these cameras possess more depth of field at a similar aperture as that of a DSLR. The underwater camera market will be propelled by the rising demand for compact cameras that can enable the highest-quality photography in a versatile subaquatic environment.
On account of exceptional characteristics, these cameras are significantly utilized in commercial applications such as education and research, media and entertainment, and underwater sports. The deployment of these high-performance cameras in large aquarium enables the shooting of short films of rare aquatic species to attract tourists.
For example, in a view to render the opportunity to experience a unique and realistic driving experience, Bahrain inaugurated the world’s largest theme park Dive Bahrain in September 2019. It represents one of the numerous applications of multiple underwater cameras.
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On the regional front, the Asia Pacific underwater camera market is set to exhibit a CAGR of 12% through 2026. The regional market growth can be attributed to the expansion of the tourism industry in Japan, Singapore, and Taiwan, which attracts several scuba divers.
Moreover, government organizations in Japan, Australia, and other countries are lending a major focus on studying marine life. Taiwan, for instance, has 5 diving regions with diverse marine life. The country is also providing diving opportunities with a wide range of corals and fish species as well as emphasizing on the establishment of 3 marine parks. Likewise, Australia’s Great Barrier Reef also attracts divers from across the world.
The competitive landscape of the underwater camera market comprises of companies such as Subsea Tech, Steinsvik, Sony Corporation, Ricoh Company Ltd., GoPro Inc., and Brinno Inc., among others. These key industry players are focusing on strengthening their geographical footprint through varied strategies such as innovative product launches.
Major Key Points from Table of Content:
Chapter 5. Underwater Camera Market, By Product
5.1. Key trends by product
5.2. Printers Digital Single Lens Reflex [DSLR]
5.2.1. Market estimates and forecast, 2016 – 2026
5.3. Mirrorless
5.3.1. Market estimates and forecast, 2016 – 2026
5.4. Compact
5.4.1. Market estimates and forecast, 2016 – 2026
Chapter 6. Underwater Camera Market, By Application
6.1. Key trends by product
6.2. Personal
6.2.1. Market estimates and forecast, 2016 – 2026
6.3. Commercial
6.3.1. Market estimates and forecast, 2016 – 2026
6.3.2. Education & research institutes
6.3.2.1. Market estimates and forecast, 2016 – 2026
6.3.3. Media & entertainment
6.3.3.1. Market estimates and forecast, 2016 – 2026
6.3.4. Underwater sport
6.3.4.1. Market estimates and forecast, 2016 – 2026
6.3.5. Others
6.3.5.1. Market estimates and forecast, 2016 - 2026
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