PUBLISHER: The Business Research Company | PRODUCT CODE: 1695216
PUBLISHER: The Business Research Company | PRODUCT CODE: 1695216
Underwater cameras are specifically crafted imaging tools tailored for capturing underwater photographs and videos. They serve divers, snorkelers, and enthusiasts alike, facilitating the documentation of marine life and the preservation of breathtaking underwater sceneries. These cameras boast waterproof capabilities and robust construction, ensuring resilience in the face of the challenging underwater milieu.
The primary categories encompass digital single lens reflex (DSLR), mirrorless, and compact cameras. A digital single lens reflex (DSLR) functions by utilizing a mirror mechanism to direct light from the lens to an optical viewfinder, granting photographers meticulous control over settings. This enables the capture of high-quality images suitable for both personal and commercial purposes, distributed across various online and offline platforms.
The underwater camera research report is one of a series of new reports from The Business Research Company that provides underwater camera market statistics, including the underwater camera industry's global market size, regional shares, competitors with an underwater camera market share, detailed underwater camera market segments, market trends and opportunities, and any further data you may need to thrive in the underwater camera industry. This underwater camera market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The underwater camera market size has grown rapidly in recent years. It will grow from $6.27 billion in 2024 to $7.04 billion in 2025 at a compound annual growth rate (CAGR) of 12.1%. The growth in the historic period can be attributed to the increasing popularity of underwater activities, growing interest in underwater exploration and marine conservation efforts, expansion of the underwater tourism industry, rising disposable income levels, and increasing awareness about the importance of documenting underwater ecosystems and wildlife.
The underwater camera market size is expected to see rapid growth in the next few years. It will grow to $10.98 billion in 2029 at a compound annual growth rate (CAGR) of 11.8%. The growth in the forecast period can be attributed to the continued growth of the underwater tourism industry, expansion of marine research and exploration activities, increasing adoption of underwater cameras for commercial applications, growing consumer interest in adventure sports and outdoor activities, and rise of eco-tourism and nature conservation initiatives. Major trends in the forecast period include constant technological innovations, integration of artificial intelligence (AI) and automation features, applications in research and exploration, and sustainable and eco-friendly underwater camera solutions.
The increasing popularity of underwater tourism is expected to drive the growth of the underwater camera market in the future. Underwater tourism involves the commercial exploration and enjoyment of underwater environments, such as diving, snorkeling, and submarine tours, aimed at attracting tourists to underwater destinations and attractions. The rise in underwater tourism is driven by growing interest in marine conservation, environmental awareness, advancements in dive tourism infrastructure, and the development of sustainable and responsible tourism practices. Underwater cameras enhance the experience by enabling tourists to capture, share, and preserve their underwater memories, while also supporting educational, environmental, and research initiatives related to marine conservation and exploration. For example, in October 2023, the World Economic Forum, a Switzerland-based international non-governmental organization, reported that coastal and marine tourism accounts for at least 50% of global tourism, representing a $9.5 trillion industry that creates 1 in every 11 jobs worldwide. Marine protected areas (MPAs) are fostering nature-based tourism, a rapidly growing sub-sector expected to generate $665 billion annually by 2030. As a result, the growth of underwater tourism is propelling the underwater camera market.
Leading companies in the underwater camera market are concentrating on developing innovative products, such as the Ricoh WG-80, to enhance image quality and performance in demanding underwater conditions. The Ricoh WG-80 is a rugged and waterproof outdoor camera designed to withstand water, dust, cold, and shock, providing uncompromising protection. For example, in May 2022, Ricoh Imaging Americas Corporation, a US-based company specializing in photographic equipment and supplies, introduced the Ricoh WG-80. This durable, lightweight, and waterproof compact digital camera is specifically designed for underwater activities and features a back-illuminated CMOS image sensor for capturing high-resolution images, along with other functionalities such as 5x optical zoom, a built-in ring light for macro photography, underwater modes, full HD recording, and a 2.7-inch LCD monitor. The camera incorporates innovative features like six LED macro lights, underwater shooting optimizations, and various shooting modes and filters.
In January 2023, Halma PLC, a UK-based safety equipment company, acquired Deep Trekker Inc. for $47 million. This acquisition aims to expand Halma's footprint in underwater inspection and robotics by integrating Deep Trekker's expertise and product line of remotely operated vehicles (ROVs). Furthermore, the acquisition aligns with Halma's objectives of addressing environmental concerns, enhancing safety standards, and capitalizing on new growth opportunities across various sectors such as aquaculture, infrastructure, energy, search and recovery, commercial diving, defense, and ocean science. Deep Trekker Inc. is a Canada-based company specializing in the manufacturing of underwater inspection cameras.
Major companies operating in the underwater camera market report are Sony Corporation; Panasonic Corporation; Canon Inc.; Fujifilm Corporation; Ricoh Company Limited; Olympus Corporation; Garmin Ltd; Nikon Corporation; GoPro Inc.; Polaroid Corporation; Steinsvik AS; Ocean Systems Inc.; SJCAM Corp; Brinno Inc.; Rollei GmbH And Co. KG; Contour LLC.; Ikelite Underwater Systems; Subsea Tech LLP; SeaLife Cameras; Aquatic Digital Inc.; Nauticam International Limited.; Shenzhen Zhiyong Industrial Co. Ltd.
North America was the largest region in the underwater camera market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the underwater camera market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the underwater camera market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The underwater camera market consists of sales of action cameras, mirrorless underwater cameras, dslr underwater cameras, and underwater camera lights. 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.
Underwater Camera Global Market Report 2025 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 underwater 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 underwater camera ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The underwater 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 forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.