According to a study conducted by GMI, Inc., the underwater camera market might exceed USD 8 billion by the year 2026. The demand for underwater camera industry is predicted to grow exponentially in the coming years on account of increasing number of sporting activities like snorkelling and scuba diving. Underwater video cameras are mainly used to capture high-quality images from seabed and deep ocean waters. These cameras can be deployed in tough to reach places in the ocean to conduct marine research or any other activity related to marine ecology and geology.

Professional underwater cameras help educational institutes and researchers to study underwater habitat and species as well as analyze the impact of human intervention on the marine ecosystem. To illustrate, in 2020, the San Diego Zoo installed underwater cameras in their vicinity to study flamingos and capture the fascinating eating style of these birds from underwater camera market. 

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This growth can be attributed to some of the growth drivers mentioned below:

Proliferating demand for compact cameras -

Compact cameras are increasingly being used to capture high-quality photos in diverse subaquatic conditions. Beginners in snorkelling and diving prefer compact cameras owing to their competitive pricing. These cameras are relatively affordable than mirrorless cameras or DSLRs. Due to its compact body, the camera offers improved portability in underwater photography.

Travelers nowadays are also inclining towards compact cameras owing to its easy to carry and lightweight features. It ensures a hassle-free checkout process at airports. Besides, compact cameras that come with smaller sensors also offer more depth of field. For example, in 2020, GoPro launched its newer model of GoPro Hero 9 that comes with a selfie screen, 14.7 MP video stills and 5K video options. GoPro is equipped to handle the harshest of environments with ease. 

Increasing commercial applications -

Underwater video cameras find varied usage in commercial sectors like media & entertainment, education & research, and underwater sports. Media houses use these cameras to capture high-quality videos for their film projects. Meanwhile, large aquariums install high-performance cameras to record short films of rare aquatic life to entice tourists. Citing an instance, earlier in 2019, Bahrain launched the world’s biggest theme park, Dive Bahrain, that provided visitors an option to experience a different diving experience. 

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Promising opportunities across Asia Pacific - 

Rapid expansion of the tourism sector in countries like Singapore, Japan and Taiwan could boost the Asia Pacific underwater camera market growth. Estimates suggest that the regional market could register 12% CAGR during the analysis period. These countries are offering attractive opportunities for scuba diving enthusiasts. While federal organizations in Australia and Japan are implementing high-performance water-proof cameras to study marine life. 

Table of Contents (ToC) of the report:

Chapter 1.   Methodology & Scope

1.1.  Scope & definitions

1.2.  Methodology & forecast parameters

1.3.  Data sources

1.3.1.  Secondary

1.3.2.  Primary

Chapter 2.   Executive Summary

2.1.  Underwater camera market 360º synopsis, 2016 – 2026

2.1.1.  Business trends

2.1.2.  Regional trends

2.1.3.  Product trends

2.1.4.  Application trends

2.1.5.  Distribution channel trends

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