Body Worn Camera Market Trends

  • Report ID: 6728
  • Published Date: Nov 21, 2024
  • Report Format: PDF, PPT

Body Worn Camera Market Trends

Growth Drivers

  • Rising concerns about transparency and accountability: As public scrutiny of police conduct becomes more intense, BWCs are viewed as a shining necessity that promotes the transparent nature of public interaction and offers unbiased documentation of events. For instance, in May 2024, Panasonic launched the new LUMIX S9, the world's smallest and lightest full-frame mirrorless camera in the LUMIX S Series. The LUMIX S9, is an introduction to its line-up of cameras, making the journey from capturing moments to sharing them around the globe seamless and intuitive. Consequently, the demand for BWCs is accelerating, as both citizens and policymakers push for greater oversight and ethical policing practices.
  • Support for real-time streaming & live monitoring: Streaming in real-time and live monitoring support drive significant growth in the body worn camera market this improves situational awareness and working efficiency. Real-time transmission is the best feature of event monitoring as it helps command centers monitor the event in real time. For instance, in October 2024, Iveda Corporation announced today its new VEMO Body Cam, the industry's first wearable body camera solution using real-time AI video analytics. Therefore, crucial situations are responded to in time, increasing officer safety while ensuring proper actions take place. It increases the use of BWCs in most sectors because it aids proper decision-making at the right time, amongst others. Real-time documentation by security agencies and law enforcers helps enhance quick intervention.

Challenges

  • High initial costs: The body worn cameras are expensive as they come with a high initial cost due to storage infrastructure, installation of software, and constant maintenance expenses. These costs are very expensive and chargeable to agencies that have tight financial constrictions. Therefore, so far as transparency and accountability are issues concerned, there are evident advantages in BWCs, but the financial barrier will most certainly be a restriction to widespread adoption, especially among those with fewer resources in regions.
  • Integration with existing systems: In the body worn camera market, integration is one of the significant challenges as many law-enforcement agencies and organizations rely on legacy systems for data management and incident reporting. Compatibility issues between new BWC technologies and infrastructure, such as records management systems, video storage solutions, or case management software, can make implementation difficult and costly, as expensive upgrades may be needed. Poor interoperability can therefore hamper the seamless use of BWCs, leading to operational disruptions and associated financial costs for agencies that want to update systems.

Body Worn Camera Market: Key Insights

Base Year

2024

Forecast Year

2025-2037

CAGR

16.5%

Base Year Market Size (2024)

USD 804.0 million

Forecast Year Market Size (2037)

USD 5.25 billion

Regional Scope

  • North America (U.S., and Canada)
  • Asia Pacific (Japan, China, India, Indonesia, Malaysia, Australia, South Korea, Rest of Asia Pacific)
  • Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Latin America (Mexico, Argentina, Brazil, Rest of Latin America)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Author Credits:  Abhishek Verma


  • Report ID: 6728
  • Published Date: Nov 21, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of the body worn camera market was estimated at over USD 804.0 million.

The market size of the body worn camera market is projected to cross USD 5.25 billion by the end of 2037 expanding at a CAGR of 16.5% during the forecast period i.e., between 2025–2037.

The major players in the market are Axon Enterprise, Inc., GoPro Inc., Reveal Media, Digital Ally Inc., Intrensic, and others.

Based on the resolution, the full HD segment is anticipated to garner the largest market share of 66.7% by 2037 and display lucrative growth opportunities during 2025–2037.

The market in North America is projected to hold the largest market share of 50.6% by the end of 2037 and provide more business opportunities in the future.
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