Wearable And Body Worn Cameras Market Size, Share, Industry Trends and Forecast to 2030

What is the Market Size & CAGR of Wearable And Body Worn Cameras market in 2021?

The global wearable and body worn cameras market had a market size of USD 5.2 billion in 2021, with a Compound Annual Growth Rate (CAGR) of 9.4% from 2021 to 2028. The market is expected to reach USD 8.7 billion by the end of 2028.

COVID-19 Impact on the Wearable And Body Worn Cameras Market

The COVID-19 pandemic significantly impacted the wearable and body worn cameras market in 2020 and 2021. The global lockdowns and restrictions led to a temporary decline in the demand for these devices, especially in sectors like law enforcement and public safety. However, as restrictions eased and the need for remote monitoring and surveillance increased, the market witnessed a gradual recovery.

Wearable And Body Worn Cameras Dynamics

The wearable and body worn cameras market is driven by increasing concerns about safety and security, growing adoption of body worn cameras in law enforcement agencies, and the rising trend of smart wearables. Additionally, advancements in camera technology, such as improved video quality and storage capabilities, are further fueling market growth.

Segments and Related analysis

The wearable and body worn cameras market can be segmented based on product type, application, end-user, and region. Product types include body worn cameras, head mounted cameras, and others, while applications range from law enforcement and public safety to sports and entertainment. End-users include government agencies, private security firms, and individual consumers.

By Region Analysis

The wearable and body worn cameras market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America currently leads the market due to the high adoption rate of body worn cameras in law enforcement agencies. However, the Asia Pacific region is expected to witness the highest growth rate in the coming years.

Key Market Players and Competitive Landscape

Some of the key players in the wearable and body worn cameras market include Axon Enterprise Inc., GoPro Inc., Panasonic Corporation, and Vievu LLC. These companies are actively involved in product development, partnerships, and acquisitions to maintain their competitive edge in the market.

Recent happenings in the Wearable And Body Worn Cameras Market

- In October 2021, Axon Enterprise Inc. introduced a new range of body worn cameras with enhanced video recording capabilities and real-time streaming features. - In January 2022, GoPro Inc. launched a new line of wearable cameras specifically designed for outdoor sports enthusiasts, capturing high-quality action shots. - Panasonic Corporation announced a strategic partnership with a leading software company to integrate AI-powered analytics into their body worn cameras for enhanced security applications. - Vievu LLC collaborated with a renowned law enforcement agency to pilot test their latest body worn camera models, focusing on usability and data management.