Action Camera Market To Reach USD 16.2 Billion By 2032, Report By DataHorizzon Research [Yahoo! Finance]
GoPro, Inc. - Class A (GPRO)
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Source: Yahoo! Finance
Fort Collins, Colorado, April 17, 2024 (GLOBE NEWSWIRE) -- Demand for action cameras to peak in the forecast period. The growing interest in adventure sports and outdoor pursuits has emerged as a pivotal catalyst propelling the growth of the action camera market. As per the Outdoor Industry Association, outdoor recreation engagement in the United States surged by 6.9% from March 2020 to 2021, with over half of Americans aged 6 and above participating in at least one outdoor activity in 2021. This upsurge in enthusiasm has spurred heightened demand for action cameras, as enthusiasts aspire to capture and showcase their escapades. Additionally, the proliferation of social media platforms such as Instagram and YouTube has incentivized users to generate and distribute top-tier content, further fueling the need for action cameras. Significant strides in technology have been instrumental in propelling the action camera market forward. Manufacturers have prioritized the development of
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GPRO
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- 2/7/24 - Beat
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- GPRO's page on the SEC website