Bizizz Market Research has recently published a research report, “Trail Camera Market By Pixel size (Below 8 MP, 8 – 12 MP and Above 12 MP), Application (Security & Surveillance, Wildlife Monitoring & Research and Others), Component, and Region-Global Industry Trends, Estimation & Forecast, 2019 – 2027”.
As per the report, Global Trail Camera Market was valued at US$ XX Bn in 2018 and it is anticipated to reach at market value of US$ 167.3 Mn by 2027, witnessing a CAGR of 8.6 % during the forecast period. Key drivers of the market are increasing number of wildlife and other natural activities coupled with technologies stimulated the demand of trail camera. However, higher cost associated with trail camera may hinder the growth of the market during the forecast period.
The driving factor of trial camera is observed to be plunging wildlife monitoring and controlling activities. These trail cameras are being incorporated with the advanced technologies that are boosting the market demand for these products by the customers globally. Moreover, the portability of the trail cameras are stimulating factors its growth
The Trail Camera market is anticipated to register a CAGR of over 8.6% during the forecast period.
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By Pixel size, 8-12 MP segment held a key share in Global Trail Camera Market in 2018.
The demand for 8-12 MP is higher worldwide due to its wide applicability for various cameras. It also has added advantages that could contribute to the stimulated demand for the usage in trail camera. Such features of these segment is plunging the demand of 8-12 MP in the varied purposes of gaining high quality images and videos that is appropriate to the environmental conditions globally. Because of the advantages associated with it manufacturers are offering them with advanced features that shall contribute to the end-users as per the requirement.
North America is Anticipated to Dominate the Global Trail Camera Market during the Forecast Period.
The market of trail camera is leading in the North America because of an increased adventures of individuals and research activities. Additionally, the contribution of the governments in the wildlife monitoring is stimulating the growth of trail camera in the recent years. Such trends in the global trail camera market is plunging the demand of trail camera.
Global Trail Camera market was highly fragmented among the number of local and global players. The companies offering trail camera are competing with introducing various advanced features into the market. Thus expanding the market foot hold of organizations in the other geographical locations.
Prominent players operating in the Global Trail Camera Market are: Boly Inc., Plano Synergy Holdings Inc., GG Telecom, Vista Outdoor, Inc., and Wildgame Innovations LLC, Browning Trail Cameras, GSM Outdoors, LLC, Spypoint, EBSCO Industries, Inc., Covert Scouting Cameras, Cuddeback, and RECONYX., among others.
Impact of COVID-19 on Economy, Industry and Company
The emergence of novel coronavirus has affected the global economy, industry dynamics and company’s top line. The entire ecosystem has to suffer the impact of this pandemic disease which would result in demand & supply gap, production delay and weak consumer demand of end products across industries.
At Bizizz Market Research, our analyst has done extensive research across industries and identified various methodologies which would assist C-Level executives to counter this ongoing threat and make informed business decisions.
Areas at which Bizizz Market Research would help decision makers are:
a) Insights on current demand & supply gap analysis
b) Impact on value chain and supply chain and strategies adopted to off set its impact
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e) Market assessment, regional
and country attractiveness, competitive benchmarking
and entry strategy
f) Prioritizing strategies and
how it would impact company’s short to long-term business
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