Underwater Fishing Camera Market to Surge at 13.9% CAGR: North ... - GlobeNewswire

New York, May 10, 2023 (GLOBE NEWSWIRE) -- In terms of revenue, The global Underwater Fishing Cameras market is estimated to exceed USD 18.1 Billion by 2033 from USD 5.1 billion in 2022,  expanding at a CAGR of 13.9% during the forecast period.

The underwater fishing camera market refers to the market for cameras specifically designed for capturing underwater images and videos during fishing activities. These cameras are used by anglers and fishing enthusiasts to monitor fish behavior, locate fish hotspots, and improve fishing techniques.

Underwater Fishing Cameras Market 1

Request To Download Sample of This Strategic Report: https://market.us/report/underwater-fishing-cameras-market/request-sample/

Key Takeaway:

  • By Type, the DSLR underwater cameras segment dominated the global market in 2022.
  • By application, the commercial segment dominated the global underwater fishing cameras market with the highest revenue share in 2022 and is anticipated to expand significantly over the forecast period from 2023 to 2032.
  • By Distribution Channel, the offline stores accounted for the largest market share in 2022.
  • In 2022, North America dominated the market with the highest revenue share of 45%.

The development of the travel & tourism sector is anticipated to fuel the market growth of underwater fishing cameras. The market growth of underwater fishing cameras is also influenced by their increasing use in commercial applications such as shooting movies, documentaries, underwater sports, and education & research to capture the subject from underwater.

Factors Affecting

There are several factors that can affect the growth of the underwater fishing camera market. Some of these factors include:

  • Multiple features: The underwater fishing cameras have several features, such as LED lights for illumination and high-resolution image and video capturing capabilities. This is expected to boost the market growth.
  • Increasing tourism: The market growth of underwater fishing cameras is mainly influenced by increasing tourism for underwater activities.
  • Social media influence: The market expansion can be attributed to the influence of social media, as it is a great platform for photographers to share images and videos.
  • High costs: The market growth is expected to be hampered by the high costs of underwater fishing cameras as individuals are more budget conscious.

To understand how an Underwater Fishing Camera Market report can bring a difference to your business strategy, Inquire about a brochure at https://market.us/report/underwater-fishing-cameras-market/#inquiry

Top Trends

Researchers are constantly innovating AI algorithms that provide clear, colorful images in underwater cameras. This introduction of new algorithm systems is likely to generate curiosity among the marine life science community and marine life researchers. The rising demand for underwater cameras that offers individuals with distortion-free images is the key trend in the global underwater fishing cameras market. Hence, the major companies are increasing the research and development activities in underwater cameras that offer photos with true colors helping marine life researchers to gain a lot more worth out of the current data sets.

Market Growth

The global underwater fishing camera market is anticipated to expand more as a result of rising usage in various commercial applications such as entertainment & broadcasting, education, underwater sports, and other commercial applications. Moreover, the personal use and rising popularity of new advanced technologies will likely surge the market growth during the forecast period.

Regional Analysis

North America held the highest revenue share in 2022. This significant market growth can be attributed to the supportive research & development and deployment of high-quality cameras. Moreover, the growing installations in aquariums and natural water bodies are anticipated to boost the market growth of this region during the forecast period. For instance, the Seattle Aquarium uses the Splashcam range of underwater cameras for educating the students. This camera provides insights into the behavior of rare species. The United States has well-established technology in this region.

To get more information on the regional analysis of this market, Request a sample @ https://market.us/report/underwater-fishing-cameras-market/request-sample/

Scope of the Report

Report AttributesDetails
Market Value (2022)US$ 5.1 Billion
Market Size in 2032US$ 18.1 Billion
CAGR (2023 to 2032)13.9%
North America Revenue Share45%
Historic Period2016 to 2022
Base Year2022
Forecast Year2023 to 2032

Market Drivers

The increased popularity of underwater photography on social media platforms is expected to drive market growth significantly. Instagram, Facebook, and social media platforms have significantly gained popularity among adventure enthusiasts. Also, these cameras are being used increasingly by marine scientists, photojournalists, and professional underwater photographers. Moreover, underwater photography is most popular among scuba divers, snorkelers, and swimmers. Furthermore, the lifestyle of the consumer has changed to be more active, which can be seen through the significant increase in adventure sports. Such factors are expected to boost market growth during the forecast period.

To know about the regional trends and drivers that will have an impact on the market - Request a sample report!

Market Restraints

The underwater fishing cameras require more battery life to operate, but as these cameras offer limited battery life, it can be a challenge for individuals who are highly involved in underwater fishing sessions and activities for a longer duration. These factors restrict the market growth of underwater fishing cameras. Moreover, the higher costs limit the adoption of underwater fishing cameras as individuals are more budget conscious. Moreover, the competitive pricing of underwater cameras among the key players makes the market highly competitive, thereby leading to poor quality offerings.

Market Opportunities

Rapidly increasing new innovative technologies such as 3D technology and integration of AI in underwater cameras are expected to offer several growth opportunities. The design of the 3D underwater camera is done in such a way as to operate in the 3D reconstruction of underwater scenes as well as objects for structural inspection, archeology, and seafloor mapping. Moreover, the 3D underwater camera is largely used to map the sea bed, monitor fish stocks, and detect the marine population. In the fields of marine research, deepsea mapping, and 3D movies, the 3D ucer water camera has gained huge popularity. Such features of 3D underwater cameras are expected to propel the market growth of underwater fishing cameras in the near future.

Purchase a Copy of this Premium Market Research Study at https://market.us/purchase-report/?report_id=100138

Report Segmentation of the Underwater Fishing Camera Market

Type Insight

DSLR underwater cameras held the largest revenue share in 2022. A DSLR camera is an advanced type of digital camera providing manual control options, better performance levels, and high-level image quality. The growth of this segment is mainly influenced by the rising demand for this product. In addition, the increasing trend toward photography positively drives segment growth. The mirrorless underwater cameras are anticipated to grow at the fastest CAGR during the forecast period. The growth of this segment is likely to influence as it allows travelers to use these cameras more conveniently without the hassle of carrying bulky DSLRs.

Application Insight

The commercial segment accounted for the largest market share in 2022 and is projected to expand more significantly during the forecast period. The shooting of documentaries on the surrounding environment of underwater species is expected to surge the market growth during the forecast period. Moreover, this segment expansion can be attributed to the increasing demand for underwater sports, such as scuba diving, swimming, and snorkeling.

Distribution Channel Insight

The offline stores dominated the global underwater fishing cameras market in 2022. The major driver behind this growth is the camera professionals who prefer to buy these expensive and high-end gadgets from the offline store for better services, a guarantee of product quality, and reliability. Furthermore, the product sold at offline stores limits the risk of fraud and the sale of duplicate products. They also offer more personalized services through sales staff appointed at the store. Moreover, the offline stores solely focus on underwater cameras that help the consumers to buy products that suits their individual needs.

If you want to get a better understanding of the report, you can access a PDF sample, which includes the complete table of contents, list of exhibits, selected illustrations, and example pages @ https://market.us/report/underwater-fishing-cameras-market/request-sample/

Market Segmentation

Based on Type

  • DSLR Underwater Cameras
  • Mirrorless Underwater Cameras
  • Other Types

Based on Application

Based on Distribution Channel

  • Online Platforms
  • Offline Stores

By Geography

  • North America
    • The US
    • Canada
    • Mexico
  • Western Europe
    • Germany
    • France
    • The UK
    • Spain
    • Italy
    • Portugal
    • Ireland
    • Austria
    • Switzerland
    • Benelux
    • Nordic
    • Rest of Western Europe
  • Eastern Europe
    • Russia
    • Poland
    • The Czech Republic
    • Greece
    • Rest of Eastern Europe
  • APAC
    • China
    • Japan
    • South Korea
    • India
    • Australia & New Zealand
    • Indonesia
    • Malaysia
    • Philippines
    • Singapore
    • Thailand
    • Vietnam
    • Rest of APAC
  • Latin America
    • Brazil
    • Colombia
    • Chile
    • Argentina
    • Costa Rica
    • Rest of Latin America
  • Middle East & Africa
    • Algeria
    • Egypt
    • Israel
    • Kuwait
    • Nigeria
    • Saudi Arabia
    • South Africa
    • Turkey
    • United Arab Emirates
    • Rest of MEA

Competitive Landscape

The competitive landscape of the market has also been examined in this report. Some of the significant players include

  • Canon Inc.
  • Nikon Corporation
  • GoPro, Inc.
  • Panasonic Holdings Corporation
  • Sony Group Corporation
  • Fujifilm Holdings Corporation
  • OM Digital Solutions Corporation
  • The Ricoh Company, Ltd.
  • Shenzhen Zhiyong Industrial Co., Ltd.
  • Scale Aquaculture AS
  • Other Key Players

Recent Development of the Underwater Fishing Camera Market

  • In March 2023, Innovasea developed a New tagless fish detection technology based on Artificial Intelligence. This will help to bring the task of fish counting into the 21st century.
  • In October 2019, "FUJIFILM X-Pro" 3a mirrorless camera was launched by FUJIFILM Corporation, a Japanese multinational imaging company. It is lightweight and has both optical and electrical viewfinders.

Related Reports

  • Monofilament Fishing Line Market size is estimated to be USD 282.6 million in 2022 & Is Expected To Reach USD 387.23 million by 2032 with a CAGR of 3.2%
  • Motorcycle Helmet Cameras Market size is estimated to USD 2.64 Bn in 2023 and is forecast of USD 5.01 Bn by 2033 with a CAGR of 6.60%
  • Fishing Reels' Market value was USD 4,695.70 million in 2021. The largest market share is expected to grow at a 4.50% CAGR, from 2022-32.
  • Intraoral Cameras Market was valued at USD 1,774.4 million in 2021 and is projected to reach USD 4993.06 million at a CAGR of 10.9% during the forecast period (2023-32).
  • Bike Cameras Market is expected to grow at a CAGR 8.3% over the next ten years, and will reach at USD 5.11 Bn in 2033, from USD 2.1 Bn in 2023
  • Operating Room Cameras Market is expected to grow at a CAGR of roughly 6.8% over the forecast period, and will reach USD 3.8 Billion in 2032, from USD 1.8 Billion in 2021.
  • Underwater Drone Market was valued at USD 3.9 Billion, this market is estimated to register the highest CAGR of 12.4% and is expected to reach USD 12.2 Billion during the forecast period of 2023 to 2032.

About Us:

Market.US (Powered by Prudour Pvt Ltd) specializes in in-depth market research and analysis and has been proving its mettle as a consulting and customized market research company, apart from being a much sought-after syndicated market research report-providing firm. Market.US provides customization to suit any specific or unique requirement and tailor-makes reports as per request. We go beyond boundaries to take analytics, analysis, study, and outlook to newer heights and broader horizons.

Follow Us on LinkedIn | Facebook | Twitter

Our Blog: 

 
          
 
































Comments











Post a Comment



















Popular posts from this blog









This fish is worth $300,000 - New York Post





















            This fish is worth $300,000 - New York Post                       This fish is worth $300,000 - New York Post       Posted:  05 Jun 2016 12:00 AM PDT   With exacting precision, the surgeon inserted the scalpel above the eyeball and cut out a snotty deposit of fatty tissue. The routine eye-lift was nearly complete when suddenly the patient awoke, suffocating, and began to flop about on the table. The audience gasped. Knowing time was of the essence, the surgeon scooped up the patient in his arms, raced across the stage, and dropped her into a tank of water. She revived.   Because she was a fish.   Yes, fish eye-lifts exist. As do fin jobs and tail tucks. The operating theater was a mall in Jakarta, Indonesia, where a pet expo was under way. As for the patient, she survived, her formerly droopy eyes now bright and perky.   A good thing, too, as this was no ordinary goldfish but rather an Asian arowana, the world's most expensive aquarium denizen, rumored to sell for as mu...








Read more










Catching Dory: selling aquarium fish supports coastal livelihoods in Indonesia | npj Ocean Sustainability - Nature.com




















Image







Abstract The global marine aquarium trade has created new local markets across the planet, including in Indonesia, now the second-largest exporting country of marine aquarium fish in the world. Participating in the global aquarium trade has been touted as a potentially sustainable addition to fisher livelihoods, but scant data exist showing the numbers of fish coming off the reef and how those fish contribute to income. To determine how participants in the trade incorporate aquarium species in their livelihoods, we examine source-level aquarium fish collecting and trading data in the Banggai Archipelago, a region in Central Sulawesi that has become a significant source for popular aquarium, also known as ornamental, fish species. Using a sustainable livelihoods lens, we examine this data to understand how participants in the aquarium trade both contribute to as well as benefit from the trade and consider how their participation relates to emerging Blue Justice principles. From one year...








Read more










NilocG Launches New Website for the Only All-in-One Thrive Fertilization Solution for Planted Aquariums - PRNewswire




















Image







            NilocG Launches New Website for the Only All-in-One Thrive Fertilization Solution for Planted Aquariums - PRNewswire                       NilocG Launches New Website for the Only All-in-One Thrive Fertilization Solution for Planted Aquariums - PRNewswire       Posted:  11 Mar 2021 02:00 AM PST   ALBANY, Ore. , March 11, 2021  /PRNewswire/ -- NilocG launches a new website for planted tank enthusiasts to gather and make THRIVE, a plant fertilizer that assures planted tank aquascapes flourish while eliminating the need for multiple products more readily available online. The company also takes it a step further in the industry, making its flagship product easy to dose, super-concentrated, and an all-in-one solution based on an effective EL dosing method with all essential micro and macronutrients.   Continue Reading               Thrive fertilizer: North America's most trusted aquarium plant fertilizer             Colin Grice , CEO, a self-described planted tank lover, re...








Read more