PUBLISHER: The Business Research Company | PRODUCT CODE: 1484737
PUBLISHER: The Business Research Company | PRODUCT CODE: 1484737
Body-worn cameras are compact devices fitted with cameras that individuals, often law enforcement officers, security personnel, or other professionals in public-facing roles, wear on their person. These cameras are specifically designed to capture audio and video footage of various interactions, incidents, and events from the wearer's point of view.
The primary types of body-worn cameras are recording and live streaming. Recording involves capturing video content for later viewing or analysis, while live streaming enables real-time transmission of video footage. These cameras offer different resolutions, including 4K, full HD (high definition), HD (high definition), and other resolutions. The recorded content is distributed through various channels, including offline and online platforms, catering to diverse end-users such as law enforcement, military personnel, transportation workers, individuals in sports and leisure activities, and other relevant sectors.
The body-worn cameras market research report is one of a series of new reports from The Business Research Company that provides body-worn cameras market statistics, including the body-worn cameras industry global market size, regional shares, competitors with a body-worn cameras market share, detailed body-worn cameras market segments, market trends and opportunities, and any further data you may need to thrive in the body-worn cameras industry. This body-worn cameras market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The body-worn camera market size has grown rapidly in recent years. It will grow from $0.82 billion in 2023 to $0.93 billion in 2024 at a compound annual growth rate (CAGR) of 13.1%. The historical growth can be attributed to various factors such as heightened attention to high-profile incidents, which led to increased scrutiny and calls for accountability, government backing and initiatives aimed at fostering transparency and accountability within law enforcement, mounting civil rights concerns driving the need for heightened oversight and documentation of interactions, a surge in criminal investigations necessitating precise evidence collection, and a broader trend of embracing technology to enhance security and justice outcomes.
The body-worn camera market size is expected to see rapid growth in the next few years. It will grow to $1.53 billion in 2028 at a compound annual growth rate (CAGR) of 13.4%. The anticipated growth in the forecast period is driven by several factors, including heightened public awareness, a growing demand for accountability within law enforcement agencies, the effects of globalization, rising crime rates, and the proliferation of hands-free recording tools. Significant trends expected during this period encompass advancements in law enforcement technologies, the widespread adoption of wearable technology, the integration of facial recognition systems, the deployment of high-resolution cameras, continuous enhancements in camera technology, and the integration of artificial intelligence (AI) and advanced analytics for improved functionality and insights.
The increasing popularity of adventure tourism is anticipated to drive growth in the body-worn camera market in the foreseeable future. Adventure tourism, characterized by exploration or travel involving risk and physical exertion, has witnessed a surge in demand driven by various factors, including the growing preference for outdoor recreation and experiential travel. Body-worn cameras play a vital role in enhancing the adventure tourism experience by capturing memorable moments, promoting safety, and facilitating educational opportunities. For example, in 2023, the Adventure Travel Trade Association reported a significant increase in the number of travelers, reflecting the rising interest in adventure tourism and subsequently driving the demand for body-worn cameras.
Leading companies in the body-worn camera market are investing in the development of innovative products such as the Axon Body Workforce to improve device functionality and efficiency. The Axon Body Workforce camera is designed for everyday use, offering features such as a full-shift battery, secure mounting options, and a lightweight design. In January 2024, Axon Enterprise Inc. introduced the Axon Body Workforce, targeting frontline workers in retail and healthcare sectors. This new generation body camera aims to address workplace violence concerns, providing enhanced safety and security measures for employees.
In August 2023, Wrap Technologies Inc. strengthened its position in the body-worn camera market through the acquisition of Intrensic LLC for approximately $2.7 million. This strategic move enables Wrap to expand its product offerings and create a fully integrated technology ecosystem, catering to the needs of law enforcement and public safety sectors. Intrensic LLC, known for its expertise in manufacturing body-worn cameras, aligns well with Wrap's vision of providing cutting-edge security solutions to its clients.
Major companies operating in the body-worn camera market are Sony Corporation, Panasonic Corporation, Motorola Solutions Inc., Garmin Ltd., NICE Systems Ltd., Axon Enterprise Inc., GoPro Inc., Hytera Communications Corporation Limited, Safe Fleet Acquisition Corp, Transcend Information Inc., WatchGuard Technologies Inc., CP PLUS International, Safety Vision LLC, Digital Ally Inc., Wireless CCTV LLC, Utility Associates Inc., Diamante Technology Co. Ltd., Veho (Muvi), Pro-Vision Solutions LLC, Reveal Media Ltd., VIEVU LLC, Wrap Technologies Inc., Pinnacle Response Ltd., LensLock Inc, Shenzhen AEE Technology Company, Excelerate Technology Limited, Getac Video Solutions Inc, COBAN Technologies Inc.
North America was the largest region in the body-worn camera market in 2023. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the body-worn camera market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the body-worn camera market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The body-worn camera market consists of revenues earned by entities by providing services such as video recording, audio recording, evidence collection, transparency and accountability, training and evaluation, de-escalation, and conflict resolution. The market value includes the value of related goods sold by the service provider or included within the service offering. The body-worn camera market also includes sales of mounting accessories, battery packs or power banks, charging stations, docking stations, memory cards or storage devices, and accessories for enhancements. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Body-Worn Camera Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on body-worn camera market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for body-worn camera ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The body-worn camera market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.