Hertfordshire, UK—According to Futuresource Consulting, the worldwide action camera market witnessed volume growth in 2017 (+4% year-on-year). It reached 10.3m units, reported the research firm. The study included traditional action cameras as well as 360º consumer video cameras.
Cameras Go 360º Infographic
However, the market value was set to suffer a slight decline ($1.8bn, -2% year on year), noted the UK-based firm. This was driven by an increase in the proportion of entry-level (<$150) cameras. This segment contributed to average trade prices falling by 6% to $176 in 2017.
Futuresource delivers specialist research and consulting services. Moreover, the research firm provides market forecasts and intelligence reports. Since the 1980s, the company has supported a range of industry sectors. These sectors have grown to include: consumer electronics, broadcast equipment, professional displays, entertainment content, education technology, electronics storage and also imaging products.