Overview and Scope
A bike camera is a compact video recording device mounted on a bicycle or helmet, capturing real-time footage of rides and surroundings for safety, documentation, or entertainment purposes. They are typically lightweight, durable, and equipped with features such as high-definition video recording, image stabilization, and wide-angle lenses.
Sizing and Forecast
The bike camera market size has grown strongly in recent years. It will grow from $1.86 billion in 2023 to $2.03 billion in 2024 at a compound annual growth rate (CAGR) of 9.1%. The growth in the historic period can be attributed to increasing popularity of cycling, rising concerns for cyclist safety, adventure and sports cycling trends, community and social media engagement, legal and insurance considerations..
The bike camera market size is expected to see strong growth in the next few years. It will grow to $2.74 billion in 2028 at a compound annual growth rate (CAGR) of 7.8%. The growth in the forecast period can be attributed to integration with smart cycling accessories, rise in bike commuting and urban cycling, influence of cycling events and competitions, environmental advocacy and bike tourism.. Major trends in the forecast period include emergence of 360-degree cameras for comprehensive coverage, integration with navigation and gps systems, rise of subscription-based cloud services, focus on rugged and weather-resistant designs, incorporation of voice control features..
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Segmentation & Regional Insights
The bike camera market covered in this report is segmented –
1) By Type: 4K, 1080P, 720P, Other Types
2) By Sales Channel: Online, Offline
3) By Application: Personal, Commercial
North America was the largest region in the bike camera market in 2023. The regions covered in the bike camera market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The growing popularity of bike commuting is expected to propel the growth of the bike camera market going forward. Bike commuting refers to using a bicycle as the primary mode of transportation for traveling to and from work or other destinations, promoting a healthier and more sustainable urban mobility option. The rise in bike commuting encourages safety-conscious cyclists to invest in bike cameras for documenting rides and protecting themselves in case of accidents or incidents, leading to increased bike camera sales. For instance, in May 2023, according to Cyclist’s Touring Club Company Ltd., a UK-based charitable membership organization, approximately 315,000 individuals (7% of those 16 or older) used bicycles for transportation in 2021, compared to 227,000 (5%) in 2019. Further, approximately 10% of the population (5.7 million people) cycled a few times or once or twice during 2021, an increase from 8% in 2020. Therefore, the growing popularity of bike commuting will drive the growth of the bike camera market.
Key Industry Players
Major companies operating in the bike camera market report are Sony Corporation, Garmin Ltd., Shimano Inc., Nikon Corporation, SZ DJI Technology Co Ltd. (Dajiang Innovations), GoPro Inc., Coleman Company Inc, TomTom N.V., Polaroid Corporation, Sena Technologies Inc., SJCAM Ltd., Mio (MiTAC Europe Limited), RevZilla Motorsports LLC, Insta360 (Arashi Vision Inc.), Cycliq Products Pty. Ltd., Veho Tech Inc., Contour LLC, SVP, Drift Innovation Ltd, MOHOC Inc., Runcam, Sound Around Inc, Campark, Dargon Touch, YI Technology Inc., INNOVV Tech Co. Ltd.
The bike camera market report table of contents includes:
1. Executive Summary
2. Bike Camera Market Characteristics
3. Bike Camera Market Trends And Strategies
4. Bike Camera Market – Macro Economic Sce
5. Global Bike Camera Market Size and Growth
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32. Global Bike Camera Market Competitive Benchmarking
33. Global Bike Camera Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Bike Camera Market
35. Bike Camera Market Future Outlook and Potential Analysis
36. Appendix
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