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Underwater Camera Market Share

Report ID: GMI4803
Published Date: Aug 2020
Report Format: PDF

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Underwater Camera Market Share

The underwater camera market players are focusing on offering differentiated underwater cameras to strengthen their product portfolio and industry position. In June 2019, Olympus Corporation launched its TG 6 compact digital camera that can shoot underwater up to 15-meter-deep and a newly developed circular fisheye converter. Similarly, in February 2020, Ricoh Company Limited introduced its rugged WG 70 underwater camera with built-in digital microscope that enables users to get a magnified view of underwater creatures. Intense competition amongst players to develop high-quality products will support the industry growth.

Key companies operating in the market include:

Brinno Inc
Canon Inc
Fujifilm Holdings Corporation
Garmin Ltd
GoPro Inc
Nikon Corporation
Ocean Systems, Inc
Olympus Corporation
Panasonic Corporation
Ricoh Company Ltd
Sony Corporation
Steinsvik
Subsea Tech

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The market size of underwater camera crossed USD 4.5 billion in 2019 and is expected to surpass 5 million units in terms of global shipments by 2026, depicting a CAGR of 15% during the forecast period.

Global mirrorless underwater camera segment share may exhibit 17% CAGR through 2026, since the lack of mirrors in these products helps them to be much more compact & lighter than DSLRs and enhances their portability.

The Australia & New Zealand industry size from education & research application segment may showcase 18% CAGR through 2026, given that researchers in the region are consistently deploying advanced cameras in the ocean to study underwater species’ behavior.

The European market size from offline distribution channel may grow at 14% CAGR through 2026, driven by the fact that a certain section of professionals still prefers shopping from offline stores to ensure product reliability & quality.

The business will depict massive traction in North America driven by the well-established technology proliferation in the region and deployment of high-quality cameras. North America held 25% of the global industry share in 2019.