Underwater Camera Market Report 2024 (Global Edition)

Global Underwater Camera Market Report 2024 Market Size Split by Type (Digital Single Lens Reflex (DSLR), Mirrorless, Compact), by Application (Individual, Commercial, Education and Research Institute...

Underwater Camera Market Report Description

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Underwater Camera Market Insights Video

Competitive Landscape of the Underwater Camera Market

The global underwater camera market is highly competitive, with major companies vying for market dominance, innovation, and technological supremacy in fierce competition. Leaders in the market with well-established brands, state-of-the-art photographic technologies, and broad product lines catering to a variety of underwater photography requirements are GoPro, Canon, Sony, and Nikon. These companies consistently make investments in R&D, which leads to innovations like better durability, higher image quality, and specialized features like auto-correction and underwater modes. Additionally, their market power is increased through strategic alliances with diving resorts and agreements with marine research organizations.

In October 2022, New single-use bioprocess containers under the IRIS brand were added to Single Use Support's range of products by the Austrian solution provider. The company maintained its vendor-agnostic policy while utilizing its expertise to handle biopharmaceutical fluids. (Source:https://www.susupport.com/company/news/single-support-launches-iris-single-use-bag-line) In September 2020, GoPro Corporation unveiled the GoPro HERO9 Black, which includes advanced features such as 5K video recording, enhanced image stabilization, better low-light performance, and waterproof capabilities. (Source:https://investor.gopro.com/press-releases/press-release-details/2020/GoPro-Packs-More-of-Everything-into-New-HERO9-Black/default.aspx) In February 2020, According to Ricoh Company Ltd., the Ricoh WG-70 digital compact camera was launched. This new model has a lightweight, small underwater body design, great shockproof and waterproof performance, and a variety of shooting functions. One of the company's primary business tactics for expanding its clientele and enhancing its product offering is the introduction of new products. (Source: https://news.ricoh-imaging.co.jp/rim_info2/2020/20200205_020162.html)

Top Companies Market Share in Underwater Camera Industry: (In no particular order of Rank)

• Canon Inc.
• Ocean Systems
• Inc.
• Olympus Corporation
• FUJIFILM Corporation
• Nikon Corporation
• Sony Corporation
• GoPro
• Inc.
• Steinsvik
• Subsea Tech
• Garmin Ltd.
• Ricoh Company Ltd.
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Underwater Camera Market

Which Region Dominates the Underwater Camera Market in 2024?

According to Cognitive Market Research, North America currently dominates the Underwater Camera market, and the region is expected to have significant growth during the projected period. The market for underwater cameras is anticipated to expand significantly in North America because of a number of important factors. Along with a high degree of customer interest in water sports and adventure tourism, the region is home to several of the world's top camera manufacturers, including GoPro and Canon. Demand is further fueled by the expansion of marine research, snorkeling, and recreational diving operations in well-known locations, including the Caribbean and Pacific Coast. Moreover, rising disposable incomes and improvements in camera technology contribute to higher adoption rates. With its tech-savvy customer base and cutting-edge product offerings, North America's outdoor and adventure tourism business is predicted to develop rapidly as the industry recovers.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific is expected to make significant gains during the projected period, with the greatest compound annual growth rate (CAGR). The growing popularity of water sports, adventure travel, and marine research throughout Asia Pacific is expected to propel the underwater camera market's expansion. The popularity of scuba diving and snorkeling in places like Thailand, Australia, and Japan is driving up demand for high-quality underwater cameras. Further factors contributing to higher adoption rates are rising disposable incomes and technological developments. As a result of the region's developing tourism industry and rising interest in taking pictures underwater, Asia Pacific is predicted to become a major participant in the worldwide underwater camera market.

The current report Scope analyzes Underwater Camera Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Underwater Camera Market

According to Cognitive Market Research, the global Underwater Camera market size was estimated at USD 7154.2 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 2861.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.7% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Underwater Camera market with a market size of USD 2257.87 million in 2024 and is projected to grow at a CAGR of 4.5% during the forecast period. In the U.S., there is a strong presence of leading camera manufacturers and continuous advancements in camera technology.
• The Canada Underwater Camera market had a market share of USD 343.40 million in 2024 and is projected to grow at a CAGR of 5.5% during the forecast period. In Canada, high-quality underwater imaging is necessary for both government and private activities in marine research and conservation.
• The Mexico Underwater Camera market is projected to witness growth at a CAGR of 5.2% during the forecast period, with a market size of USD 260.41 million in 2024.

Europe Underwater Camera Market

According to Cognitive Market Research, the global Underwater Camera market size was estimated at USD 7154.2 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 2146.26 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.0% from 2024 to 2031.

• The United Kingdom Underwater Camera market had a market share of USD 360.57 million in 2024 and is projected to grow at a CAGR of 5.8% during the forecast period. In the UK, There is a high demand for underwater cameras in the educational and wildlife documentary industries.
• The France Underwater Camera market is projected to witness growth at a CAGR of 4.2% during the forecast period, with a market size of USD 197.46 million in 2024.
• According to Cognitive Market Research, the German Underwater Camera market size was valued at USD 424.96 million in 2024 and is projected to grow at a CAGR of 5.2% during the forecast period. Germany's emphasis on sustainability has led to a high demand for underwater cameras in scientific and environmental research.
• The Italy Underwater Camera market is projected to witness growth at a CAGR of 4.4% during the forecast period, with a market size of USD 184.58 million in 2024.
• The Russia Underwater Camera market is projected to witness growth at a CAGR of 4.0% during the forecast period, with a market size of USD 332.67 million in 2024.
• The Spain Underwater Camera market is projected to witness growth at a CAGR of 4.1% during the forecast period with a market size of USD 175.99 million in 2024
• The Luxembourg Underwater Camera market is projected to witness growth at a CAGR of 5.1% during the forecast period, with a market size of USD 66.53 million in 2024.
• The Portugal Underwater Camera market is projected to witness growth at a CAGR of 4.8% during the forecast period, with a market size of USD 45.07 million in 2024.
• The Greece Underwater Camera market is projected to witness growth at a CAGR of 5.3% during the forecast period, with a market size of USD 25.76 million in 2024.
• The Rest of Europe's Underwater Camera market is projected to witness growth at a CAGR of 3.7% during the forecast period, with a market size of USD 332.67 million in 2024.

Asia Pacific Underwater Camera Market

According to Cognitive Market Research, the global Underwater Camera market size was estimated at USD 7154.2 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 1645.47 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.5% from 2024 to 2031.

• According to Cognitive Market Research, the China Underwater Camera market size was valued at USD 740.46 million in 2024 and is projected to grow at a CAGR of 8.0% during the forecast period. Underwater Cameras surged in China due to the need for underwater cameras driven by the growth of coastal cities and rising interest in marine tourism.
• The Japan Underwater Camera market is projected to witness growth at a CAGR of 7.0% during the forecast period, with a market size of USD 227.07 million in 2024.
• The India Underwater Camera market had a market share of USD 197.46 million in 2024 and is projected to grow at a CAGR of 10.3% during the forecast period. In India, the need for strong underwater cameras is fueled by the expansion of the commercial diving sector, which includes underwater inspections and maintenance.
• The South Korean Underwater Camera market is projected to witness growth at a CAGR of 7.6% during the forecast period, with a market size of USD 164.55 million in 2024.
• The Australian Underwater Camera market is projected to witness growth at a CAGR of 8.2% during the forecast period, with a market size of USD 85.56 million in 2024.
• The South East Asia Underwater Camera market is projected to witness growth at a CAGR of 9.5% during the forecast period, with a market size of USD 113.54 million in 2024.
• The Rest of Asia Pacific Underwater Camera market is projected to witness growth at a CAGR of 8.3% during the forecast period, with a market size of USD 116.83 million in 2024.

South America Underwater Camera Market

According to Cognitive Market Research, the global Underwater Camera market size was estimated at USD 7154.2 Million, out of which Latin America held the market share of around 5% of the global revenue with a market size of USD 357.71 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.9% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Underwater Camera market size was valued at USD 153.10 million in 2024 and is projected to grow at a CAGR of 6.5% during the forecast period. Underwater Cameras flourished in Brazil because underwater cameras are in high demand for research and exploration due to Brazil's vast and varied marine habitats, which include the coastlines of the Atlantic Ocean and the Amazon River.
• Argentina's Underwater Camera market had a market share of USD 60.10 million in 2024 and is projected to grow at a CAGR of 6.8% during the forecast period. Argentina's rising personal disposable income .
• Colombia Underwater Camera market is projected to witness growth at a CAGR of 5.7% during the forecast period, with a market size of USD 31.84 million in 2024.
• Peru's Underwater Camera market is projected to witness growth at a CAGR of 6.1% during the forecast period, with a market size of USD 29.33 million in 2024.
• Chile Underwater Camera market is projected to witness growth at a CAGR of 6.2% during the forecast period, with a market size of USD 25.76 million in 2024.
• The Rest of Latin America's Underwater Camera market is projected to witness growth at a CAGR of 5.0% during the forecast period, with a market size of USD 57.59 million in 2024.

Middle East and Africa Underwater Camera Market

According to Cognitive Market Research, the global Underwater Camera market size was estimated at USD 7154.2 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 143.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.2% from 2024 to 2031..

• The GCC Countries Underwater Camera market is projected to witness growth at a CAGR of 7.0% during the forecast period, with a market size of USD 61.24 million in 2024. Underwater Camera sales flourish due to the presence of major market players.
• The Egypt Underwater Camera market is projected to witness growth at a CAGR of 6.5% during the forecast period, with a market size of USD 15.02 million in 2024.
• The South Africa Underwater Camera market is projected to witness growth at a CAGR of 7.2% during the forecast period, with a market size of USD 22.61 million in 2024. Underwater Camera sales flourished in South Africa due to underwater camera demand being increased by support from governmental and non-governmental organizations for marine research and conservation.
• The Turkey Underwater Camera market is projected to witness growth at a CAGR of 5.7% during the forecast period, with a market size of USD 12.31 million in 2024.
• The Nigeria Underwater Camera market is projected to witness growth at a CAGR of 5.3% during the forecast period, with a market size of USD 15.02 million in 2024.
• The Rest of the MEA Underwater Camera market is projected to witness growth at a CAGR of 5.2% during the forecast period, with a market size of USD 16.88 million in 2024.

Underwater Camera Market Analysis

Underwater Camera Market Type Segment Analysis

According to Cognitive Market Research, digital single-lens reflexes (DSLR) are likely to dominate the Underwater Camera Market over the forecast period. Digital single-lens reflex (DSLR) cameras are in high demand in the underwater camera industry because of their sophisticated capabilities, high image quality, and versatility. DSLR underwater cameras are the best choice for professional underwater photography and filming since they come with manual settings, high-resolution imaging, and lens compatibility. Enthusiasts and pros looking for finely detailed, high-quality images are drawn to their remarkable performance in difficult underwater situations. DSLR underwater cameras are still in high demand despite being more expensive, especially from serious photographers and marine researchers.

The mirrorless is the fastest-growing segment in the Underwater Camera Market. The underwater camera industry is seeing a rise in demand for mirrorless cameras because of their improved features, lightweight construction, and tiny size. Mirrorless cameras are perfect for underwater photography and filming because they have quick autofocus, high-resolution imaging, and interchangeable lenses. Their real-time exposure adjustments and electronic viewfinders make them more useful underwater in a variety of lighting situations. Furthermore, improvements in mirrorless models' waterproof housings have made them a well-liked option for both recreational and expert divers, which has increased their market share.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Underwater Camera Industry. Request a Free Sample PDF!

Underwater Camera Market Application Segment Analysis

According to Cognitive Market Research, the commercial segment holds the largest share of the market. Commercial applications in the underwater camera industry are growing at a substantial pace. Underwater inspections, pipeline monitoring, marine research, and industrial uses, including underwater building, are all using these cameras more and more. They are vital for jobs like underwater surveillance, marine wildlife research, and environmental monitoring due to their durability and high-resolution imagery. Maritime engineers and commercial divers also use these cameras for thorough documentation and inspections. The industry is expanding and becoming more innovative due to the need for dependable, high-quality underwater cameras in these industries.

In the Underwater Camera Market, the industry has been expanding at a rapid pace. Industrial applications are witnessing tremendous expansion in the underwater camera market. These cameras are essential for jobs like pipeline surveillance, underwater inspections, and submerged building projects. Their strong durability and high-resolution imaging capabilities make them perfect for defect detection, underwater infrastructure inspection, and maintenance work in difficult settings. They are also utilized in environmental monitoring and deep-sea exploration, supplying vital information to the oil and gas, maritime logistics, and environmental conservation industries. This drives market demand and advances technology.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Underwater Camera Distribution Channel Segment Analysis

Underwater Camera Market Distribution Channel Segment Analysis

According to Cognitive Market Research, the offline segment holds the largest market share. Offline distribution channels are essential for connecting with customers in the underwater camera business. Customers can test underwater cameras out with their hands-on experience in specialty retail outlets like electronics and camera shops, which enables them to assess the cameras' features and performance prior to making a purchase. Retailers of adventure and outdoor gear also serve professionals and enthusiasts in need of specialized gear. Exhibiting the newest items is another function of trade shows and exhibits. These offline channels greatly contribute to market expansion by offering individualized attention, knowledgeable guidance, and prompt availability.

In the Underwater Camera market, the rapidly growing sector is the online category. The number of online distribution channels is growing and is important in the underwater camera business. A variety of underwater cameras are available with thorough product descriptions, reviews, and affordable prices from e-commerce sites, including Amazon, Best Buy, and specialist camera merchants. Online markets provide a large assortment of products, ease of use, and the option to compare models. Furthermore, social media and online forums affect customer choices, while brand websites and digital marketing tactics stimulate direct sales. This move to digital media enables more accessibility and reach, which propels market expansion and customer involvement.

• Online
• Company Owned Portal
• E-commerce Portals
• Offline
• Hypermarkets/ Supermarkets
• Specialty Stores

Author's Detail

Kalyani Raje

Senior Research Analyst at Cognitive Market Research

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ResearchGate Profile: https://www.researchgate.net/profile/Kalyani-Raje

An optimistic Senior Research Analyst with years of experience in competitive assessment and business consulting. A seasoned professional and subject-matter expert (SME) in the Automobile and transportation vertical.

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