Action Camera Market Subjected to Expand to Showcase Rampant Growth by 2023
The global Action Camera Market is expected to witness substantial growth during the forecast period. North America accounted for the largest market share of 39.9% of the total market in 2017, with a market value of USD 1,691.0 million; the market is expected to register a CAGR of 11.2% during the forecast period. The presence of GoPro, Inc. which holds a leading spot and nearly half of the total market share is driving the growth of the action camera market in the region. The US and Canada are both countries with high disposable income. Moreover, the consumer electronics market in North America is highly developed and mature. Every major company has a physical store in the US which further contribute to the overall sales of action cameras in the region. However, higher competition from the new Asian companies providing cheaper products than the established players is posing as a challenge for the companies operating in North America. Get Free Sample Report: h...