Trusted Business Insights presents the Latest Study on Trail Camera Market 2019-2025. The report contains market predictions related to market size, revenue, production, CAGR, Consumption, gross margin, price, and other substantial factors. While emphasizing the key driving and restraining forces for this market, the report also offers a complete study of the future trends and developments of the market. It also examines the role of the leading market players involved in the industry including their corporate overview, financial summary, and SWOT analysis.
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Abstract, Snapshot, Market Analysis & Market Definition: Global Trail Camera Market
The global trail camera market size was valued at USD 86.6 million in 2018 and will expand further at a CAGR of 7.1% from 2019 to 2025. Increasing spending on wildlife research and monitoring is expected to remain a key factor driving the market. Moreover, increasing scope of application in the outdoor security is likely to boost the product demand further.
Increasing wildlife monitoring activities also play a crucial role in promoting the product usage, which, in turn, drives the market growth. Moreover, this technology is widely utilized in research activities by zoologists and biologists. According to a data provided by the World Wildlife Fund (WWF), more than 90 animal species are considered endangered.
Out of these, around 50 animal species including Javan Rhino, Orangutan, Saola, Sumatran Elephant, and Bengal Tiger are critically endangered. Increasing security concerns in commercial and residential sectors across the globe is also propelling the product demand. These cameras are installed in the outdoor areas where CCTV installation is too expensive or it is difficult to install due to the lack of power supply.
These cameras are battery powered and offer high portability, which is also expected to propel the product demand. Governments across the globe are installing trail cameras in the remote areas to prevent criminal activities. This is further projected boost the market growth over the forecast period.
Market Segmentation, Outlook & Viewpoint: Global Trail Camera Market
Pixel Size Market Segmentation & Outlook (Revenue, USD Million, 2014 – 2025)
Below 8 MP
8 to 12 MP
Above 12 MP
Application Market Segmentation & Outlook (Revenue, USD Million, 2014 – 2025)
Wildlife Monitoring & Research
Key Players, Recent Developments & Regional Insights: Global Trail Camera Market
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Wildlife monitoring and research was the largest application segment in 2018 with a share of more than 60%. Major demand in this application is generated from wildlife film-makers who require close-up and HD videos and still images. Many forest rangers, researchers, zoologists, and biologists also use these cameras for wildlife monitoring.
Deforestation has become one of the major problems for the governments across the world. Moreover, smuggling of conserved plant species including Red Sandalwood has become major concern forenvironmentalist. These cameras help in monitoring and tracking such illegal activities in dense forests.
North America was the largest market in 2018 and accounted for a share of more than 30%. Rising recreational and animal monitoring & research activities in the region has propelled the product demand. The U.S. government has effectively implemented the Science Support Partnership (SSP) program, a collaboration between the U.S. Fish and Wildlife Service and the U.S. Geological Survey, to obtain crucial information required for the effective management of nations natural resources. On the other hand, Asia Pacific is projected to expand at the fastest CAGR of 7.6% from 2019 to 2025.
Trail Camera Market Share Insights
Key companies in the market include Browning Trail Cameras; Wildgame Innovations LLC; Vista Outdoor, Inc.; and GG Telecom. These companies have undertaken market strategies including product portfolio and distribution channel expansions, product and technological developments, and merger & acquisition to gain the maximum market share. For instance, in March 2018, Browning Trail Cameras launched Recon Force Extreme 4K, which can capture HD videos at 60 frames per second (fps). The company also launched Strike Force XD Pro and Dark Ops XD Pro with dual lens technology.
Key Insights Covered: Global Trail Camera Market
1. North America, Europe, Asia Pacific, Middle East & Africa, Latin America market size (sales, revenue and growth rate) of Trail Camera industry.
2. Global major manufacturers’ operating situation (sales, revenue, growth rate and gross margin) of Trail Camera industry.
3. Global major countries (United States, Canada, Germany, France, UK, Italy, Russia, Spain, China, Japan, Korea, India, Australia, New Zealand, Southeast Asia, Middle East, Africa, Mexico, Brazil, C. America, Chile, Peru, Colombia) market size (sales, revenue and growth rate) of Trail Camera industry.
4. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of Trail Camera industry.
5. Global market size (sales, revenue) forecast by regions and countries from 2019 to 2024 of Trail Camera industry.
Research Methodology: Global Trail Camera Market
- Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
- Demand Side Primary Contributors: OEMs, Industrial Professionals, Researches, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.
- Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among other
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