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July 2014
Action Cameras on Course to Reach 9 Million Units in 2018

Worldwide demand for action cameras reached almost 5 million units in 2013 - which represented annual growth of 47% - and on track to reach 9 million units in 2018, according to the latest research from Futuresource Consulting.

"The USA and UK shared 46% of worldwide demand last year, a drop of 4% share from the previous year, due to stronger growth in other regions", says Arun Gill, Market Analyst at Futuresource Consulting. "The relative importance of outdoor pursuits, propensity to spend on emerging CE categories and the use of social media are some of the main drivers of demand for action cameras."

In 2013, the majority of sales were for consumer applications, such as sports enthusiasts and evidential use, while the remainder was for professional applications, predominantly TV production.

GoPro continues to maintain its position as the dominant market leader, despite a growing number of vendors vying for market share.

"The distribution of action cameras is uniquely lifestyle-centric as opposed to CE-centric, with retailers focused around surfing, skiing, cycling, etc., and generally independent or small chains, as opposed to large chains."

Futuresource expects the worldwide action camera market to continue growing out to 2018, by which point, parts of Europe and Asia Pacific are expected to drive the majority of growth.

This 20 page report provides an assessment of the Worldwide Action Camera market. The report gives forecasts to 2018, profiles the key regions and reviews the latest developments in the competitive landscape, retail distribution and product features. The report is accompanied by a detailed Excel spreadsheet which segments key regions by individual countries.

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Notes
Futuresource Consulting is a specialist research and knowledge-based consulting company, providing organisations with insight into consumer electronics, digital imaging, entertainment media, broadcast, storage media, education technology and IT. With a heritage stretching back to the 1980s, the company delivers in-depth analysis and forecasts on a global scale, advising on strategic positioning, market trends, competitive forces and technological developments. www.futuresource-consulting.com.

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Members of the press may use a press release in its entirety or take segments from it as necessary; they may also use a graph, a slide, or a section of a supplied research report less than fifty words long, provided all text is identified as "Source: Futuresource Consulting" and all graphics are credited with "Futuresource Consulting, copyright 2013".

Futuresource Media Contact
For industry comment, forecasting and trends contact Andy C Watson on:
Direct Dial +44 1582 500169
Email andy.watson@futuresource-hq.com
Web www.futuresource-consulting.com

Meet the Futuresource team
  Arun Gill Arun Gill
Market Analyst
 
Arun has over 3 years' experience in a research and consultancy environment and is closely involved in researching and analysing the personal consumer electronics market developments worldwide, with a focus on Imaging Devices (Digital Cameras and Camcorders), Tablets and Smartphones.

Much of this work has involved providing recommendations to companies, drawing on Arun's understanding and knowledge within the Imaging and Consumer Electronics industry. He has also been particularly focused on evaluating the impact of mobile convergence on dedicated devices.

Arun holds a Bachelor of Science (Hons) degree in Business and Management from Brunel University.

Meet the Futuresource team
  Simon Bryant
Simon Bryant
Associate Director of Consumer Electronics
 
Simon directs our consumer electronics programs and is an expert in a number of CE and Imaging sectors.

He manages the group's continuous work in personal AV, TV Displays, Home-Video, Mobile, Tablet, Imaging and Data-storage areas. In addition to managing our suite of continuous services Simon is also a major contributor to the various private client assignments that are undertaken in this area.

Simon holds a Bachelors of Business Administration in Business Management from Lancaster University.

Meet the Futuresource team
  Andy Watson Futuresource Andy Watson
Associate Director of Marketing
  For all press enquiries, please contact Andy Watson:
Direct Dial: +44 (0)1582 500 169
Switchboard: +44 (0)1582 500 100
Email: andy.watson@futuresource-hq.com
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