Market Overview:
The body-worn camera market is projected to reach USD 368.95 billion by 2030, expanding at a Cagr of 72.3 percent between 2020 and 2030. Body-worn cameras are used to digitally record audio and video data. Police and other law enforcement organizations generally employ these cameras for surveillance. Due to the rising demand for proof against theft, terrorism, and illegal immigration, body-worn cameras are gaining appeal in the law enforcement, military, and transportation sectors. Body-worn camera market segmentation based on mode of operation, resolution, end-user, and area the body-worn camera market is divided into recording type, live streaming type, and recording type. The global demand for filming types is expected to reach USD 1,230.3 million by 2030. The market for body-worn cameras is segmented into four resolutions: 4K, full HD, HD, and others. Among them, the full HD sector is predicted to lead the global market in 2030, with a market value of USD 769.1 million.
End users in body-worn imaging technology include law enforcement, transportation, military, sports and leisure, and others. With the largest market share in 2021, the law enforcement category leads the market. COVID-19 was found and discovered in Wuhan, China, in late 2019. The World Health Organization named COVID-19 a global epidemic in March 2020. This dangerous illness outbreak has now expanded throughout the United States and around the world. It has had a negative impact on worldwide workforces, economies, and financial markets, resulting in an economic slowdown. Because of the rising usage of smart gadgets in law enforcement, the global market for body-worn cameras is expected to rise significantly over the projected period. There are several domestic, regional, and global rivals vying for a significant share of the body-worn camera market. Soon the market will see huge gains.
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Market Segmentation:
By mode of operation: The body-worn camera market has been segmented into two categories: recording type and live streaming and recording.
By resolution: The body-worn camera industry is divided into four categories based on resolution: 4k, full HD, HD, and others.
By end-users: The market has been segmented into law enforcement, military, transportation, sports & leisure, and others based on end-users.
Regional Classification:
North America, Europe, Asia-Pacific, the Middle East, Africa, and South America comprise the body-worn camera market. With a market value of USD 120.7 million in 2021, North America stood for the biggest market share of 36.5 percent; it is predicted to exhibit the highest CAGR of 15.8 percent during the forecast period. The European market is expected to grow at a CAGR of 15.8 percent by 2021.
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Industry News:
Motorola Solutions (US), Axon Enterprises Inc. (US), Panasonic Corporation (Japan), Transcend Information, Inc. (Taiwan), Digital Ally Inc. (US), and IMINT (Sweden). To remain competitive and improve their client base, these competitors work on increasing and improving their Resolution offerings and services. Furthermore, these firms are concentrating on partnerships and collaborations to grow their company in a better way and client base and strengthen their market position.
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