"Overview of Trail Camera market"
Trail Camera Market Was Valued US$ XX Mn in 2018 and It Is Projected To Reach at US$ 167.3 Mn by 2027, Growing At A CAGR Of 6.8 % during the Forecast Period
The global Trail Camera market has shown moderate growth since the last few years and it is expected to gain traction during the period of the research study. Some of the major factors for the growth of the global market include technological advancements, huge investments in R&D activities, rising prevalence of wildlife monitoring and research across the globe.
Rising Popularity of Wildlife Monitoring Activities Is Anticipated To Drive the Demand for Trail Camera during the Forecast Period
The rising wildlife monitoring activities are majorly promoting the usage of these products. According to a study conducted by World Wildlife Fund almost ninety animal species are in danger, in which 50 species including Bengal Tiger, Javan Rhino, Sumatran Elephant, Saola, and Orangutan are highly endangered. This is anticipated to put a positive impact on the growth of the global market.
The traditional CCTV are costly and require high power supply whereas the trail cameras are battery powered and portable which is expected to boost the demand of these cameras in residential and commercial sectors. Moreover, the regional government is continuously installing trill cameras in remote areas aimed at minimizing criminal activities.
Based on Pixel Size, 8 to 12 MP Segment is anticipated to expand at a rapid pace during the Forecast Period
On the basis of pixel size, the global Trail Camera market is dominated by 8 to 12 MP segment. The segment held more than half of the market share in 2018. The dominance of the segment can be credited to the advanced features associated with it. These products are capable of capturing HD video, tip-lapse, and high-resolution images. With the increasing demand for these cameras, manufacturers are focused on developing new products with advanced additional features. For instance, in 2017 PRADCO Outdoor Brands, Inc. announced the launch of S-50i, a high-tech game camera, and branded as Moultrie. The company also launched some new additions into their A-series with the inclusion of A-35, A-30, and A-30i.
Wildlife Monitoring and Research held a prominent share in Global Trail Camera Market in 2018
Based on application, wildlife monitoring and research are anticipated to be the dominant segment throughout the forecast timespan. The segment is estimated to grow at a moderate CAGR between 2019 to 2027. Trail Cameras has major applications in the wildlife sector as it requires HD and close-up videos. These cameras are used by many biologists, forest rangers, zoologists, and researchers for wildlife monitoring. The Trail Camera also helps in monitoring many illegal activities such as Deforestation and smuggling of conserved plants in dense forests. These factors are expected to put a positive impact on the growth of the segment.
North America was A Key Region of Global Trail Camera Market In 2018
By region, North America had dominated the global Trail Camera Market in 2018. The dominance of the North America region is mainly due to rising animal monitoring and recreational activities across the region. Moreover, many supportive government policies regarding wildlife monitoring and protection are expected to fuel the growth of the region in the coming years. For instance, in March 2017, the U.S. government has successfully implemented the SSP program. The program was a result of the collaboration between the U.S. Geological Survey and the U.S. Fish and Wildlife Service, intended to get important information required in managing natural resources.
Furthermore, Asia Pacific is expected to witness stagnant growth in the coming years. India, China, and Japan are the major contributor for the Trail Camera market in the Asia Pacific.
In December 2019, Nikon announced to launch a new program named Yellow in United States. The program allows anyone to try the new Nikon Z 50 on a trial basis. The trial comes with a validity of 30 days. The user can send it back and claim for free refund if they do not want to keep it. This will help the company to enhance their customer base in North America.
Some of the major companies operating in global Trail Camera market include Browning Trail Cameras, GG Telecom, Vista Outdoor, Inc., and Wildgame Innovations LLC, GSM Outdoors, LLC, Boly Inc., Plano Synergy Holdings Inc., Spypoint, EBSCO Industries, Inc., Covert Scouting Cameras, Cuddeback, and RECONYX.
Global Trail Camera Market by Pixel Size
- Below 8 MP
- 8 - 12 MP
- Above 12 MP
Global Trail Camera Market by Application
- Security & Surveillance
- Wildlife Monitoring & Research
Global Trail Camera Market by Region
- North America
- Asia Pacific
- Latin America
- Middle East & Africa