Wearable cameras are those special cameras that allow capturing of videos and images in an exceptional and distinctive way. Users can capture and store their experiences even if they are related to sports, routine life, or parties. The best part attached with these wearable cameras is that they can be fastened to various articles including a shirt, belt, harness, hat as well as helmet.
These cameras vary from small, low-resolution to full HD. They can be used for regular uses as well as for professional photography or video recording. The camera has widespread applications due to which the scope is widening day by day. Various wearable camera alternatives like body worn or cloth clipping cameras are available.
It has been noted that wearable cameras are gradually attaining huge recognition and acceptance in various applications where there are clear and well-defined uses. A wide variety of wearable cameras are available. Some of them include GoPro HERO, Garmin VIRB Elite, and Narrative Clip. Comparatively, as per the recent scenario, GoPro is considered to be one of the most well-known and flourishing wearable cameras. It is said that they work in varied situations whether it is related to capturing videos for personal video logs, or recording YouTube videos or filming first-person views of extreme sports. Among all types, the sports and adventure cameras that are also termed as action cameras, have proven to be one of the chief factor that is compelling wearable camera adoption across the globe.
Recently, many novel technologies such as 360 vision, virtual reality, artificial intelligence, deep learning, and computer vision have emerged that are likely to improve the wearable camera experience and expand the devices' use cases and applications. We all are aware that modernization is catching its speed gradually and the rate of the penetration of social networking sites has also gone up. Thus, these factors have eventually altered the manner of employing cameras.
Wearable camera has the property of hands-free functionality which is letting the users capture moments and their spent times associated with adventure, sports, as well as functions. We can observe that constant technological developments are taking place in camera technology. And distinct features like better camera quality and durability has made wearable cameras a popular choice among the masses. Other than that, rise in funding in research and development, rising urbanization, augmenting inclination of consumer towards wearable devices and growth in the adoption of enhanced and high quality cameras are also contributing largely in raising the demand for wearable camera across the globe. It has been observed that the significance of wearable cameras is tremendously rising in healthcare and government sectors.
Moreover, the trend of wearable camera is also rising among the youth, which is ultimately boosting up the growth of wearable camera market share. The only flaw pertaining to these cameras is that they find a little difficult to function effectively in the situations of consumer life logging which involves constant capture of a person's day. And that’s the reason why they couldn’t make their place in the industrial, enterprise and healthcare sectors. Market share on the basis of application spans Life Record, Officer, and Security. Market share on the basis of regions spans North America, China, Europe, Japan, Taiwan, and Korea.
Major players currently operating in the wearable camera market share includes Panasonic, Liquid Image, Looxcie, Veho, Drift, Vievu, Sony, iON, Narrative, ParaShoot, Qlippie, MeCam, Taser Axon Body, Digital Ally, Transcend, WearWise, NewViewWear, Mobile-vision, MeMINI, LifeLogger, Glaxxes, Camshot, and Piothead. Expansions, new product introductions and acquisitions are some of the initiatives taken up by the leading companies to cope up with the ongoing competition in the market share.