Body worn cameras often used for sting operations as they record video digitally. Market Research Future (MRFR) has unveiled a research report about the global body worn camera market that observes massive boost for this market with 17% CAGR (Compound Annual Growth Rate) between 2018 and 2023.
In terms of cash, the market is expected to rise to the USD 990 mn. Observing the market structure, this report evaluates the future growth potential of the Body Worn Camera Market and assays the scenario of the key players in the market. It also covers the competitive developments such as joint ventures, new product developments, mergers and acquisitions, research and developments (R & D) in the market.
Useful for capturing evidence, they are primarily used for surveillance purposes by police and special law enforcement agencies. A key factor leading to their market growth include increasing need for accountability and maintenance of a transparent approach during police conduct. A major factor leading to the market growth includes usage by military forces for training purposes. Body-worn cameras are useful for compiling evidence in domestic violence cases.
The body worn camera market is expected to grow at approx. USD 990 Million by 2023, at 17% of CAGR between 2017 and 2023.
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Major Key Players:
- Pinnacle Response Ltd. (U.K.)
- PRO-VISION (U.S.)
- Shenzhen AEE Technology Co. Ltd. (China)
- Safety Vision LLC (U.S.)
- GoPro-Intrensic (U.S.)
- Transcend Information, Inc. (Taiwan)
- Wolfcom Enterprises (U.S.)
- Veho (MUVI) (U.K.)
- 10-8 Video Systems LLC (U.S.)
- Shenzhen Eeyelog Technology Co. Ltd. (China)
- Pannin Technologies (U.S.)
The body worn camera market is basically focused globally. The regional analysis of body worn camera market is being studied for regions such as Asia Pacific, North America, Europe and Rest of the World.
It has been observed that presently North America accounts for the largest share of the market, whereas Asia-Pacific is projected to show growth during the forecast period. Europe region is estimated to exhibit significant market share of body worn camera market which is estimated to overtake the North America region by the end of this year.
The body worn camera market can be segmented on the basis of following:
By Type: Recording Type, recording and live streaming type
By Solutions: Smart redaction, smart scene 360, smart shot 360
By Industry: police, local authorities & council, special industry, retail & leisure, transportation and emergency services.
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Latest Industry News:
Jan 2018 800 Tasmania Police officers will receive the $3.4 million body worn camera rollout commence mid-2018. This program has been dubbed Project Authenticate, the large scale IT initiative which will see up to 300 body worn cameras used by 410 offices in Tasmania’s south, 200 in the state’s north and 191 police in the western district. The project will be accompanied by a large data management system to store and safeguard the sensitive footage.
Oct 2017 The Toronto Police Services Board has consented to go ahead with a $500,000 non-binding request for proposals on the camera technology last year following a year-long pilot project. The approval to move ahead with the procurement process came a month after a police report was released in favor of the plan, despite an estimated cost of $85 million over 10 years to implement, operate and maintain the cameras.
Oct 2017 Prison officers in England and Wales are to receive body-worn cameras as part of a £3m investment to improve safety in jails, the Ministry of Justice has recently announced. The MoJ revealed it was investing £2m in 5,600 cameras, meaning every prison officer across England and Wales will have access to the devices.
Jul 2017 Transcend Information, a leading manufacturer of storage and multimedia products, announces the introduction of the DrivePro Body 30 body camera. The camera has been designed specifically for public safety professionals, the camera features a 12-hour battery life, IP67 rated dust and water resistance, and U.S. military-grade shock resistance.
- Technology investors
- Consumer wearable manufacturers
- Integrated device manufacturers (IDMs)
- Wearable electronics technology platform developers
- Original equipment manufacturers (OEMs)
- Smart grid integrators
- Surface mount component device distributors and providers
- Research/Consultancy firms
Table of Contents
1 Market Introduction
1.2 Scope of Study
1.2.1 Research Objective
1.3 Market Structure
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List of Tables
Table 1 Body Worn Camera Market, By Type
Table 2 Body Worn Camera Market, By Solutions
List of Figures
Figure 1 Research Type
Figure 2 Body Worn Camera Market, By Type (%)
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