PUBLISHER: Grand View Research | PRODUCT CODE: 1321456
PUBLISHER: Grand View Research | PRODUCT CODE: 1321456
The global trail camera market size is expected to reach USD 175.1 million by 2030, expanding at a CAGR of 7.0% from 2023 to 2030, according to a new report by Grand View Research, Inc. The market is largely driven by factors such as the increased spending on wildlife research and monitoring, coupled with increasing scope of application in outdoor security.
An increase in wildlife conservation policies by developing governments to preserve wildlife from illegal hunting and poaching offers a great opportunity for companies to collaborate on such projects. Owing to such conservation policies, extensive monitoring of different species by the governments is surging the demand for cameras equipped with the latest features.
Growing interest and popularity of wildlife photography and hunting activities are driving professionals to spend more on trail cameras. Trail cameras have become a popular way to capture photographs of animals in the environment. This is the major driving force behind the market expansion. Many television networks including Discovery and National Geographic broadcast high-definition wildlife videos. The public's increased interest in learning more about animals has fueled the market expansion.
8 to 12 MP emerged as the largest segment and accounted for a share of over 55.0% in 2021. This segment is expected to be dominant during the forecast period. The 17 to 21 MP segment is expected to expand at the fastest CAGR of 7.9% from 2022 to 2030 as several consumers seek and research trail cameras that are rugged, waterproof, and designed for extended and unsupervised use outdoors with additional features such as night vision, low glow infrared, HD video, high-quality image resolution, and fast trigger speed technology.