04-May-2023 | Zion Market Research
The global trail camera market size was worth around USD 101.71 Billion in 2022 and is predicted to grow to around USD 175.12 Billion by 2030 with a compound annual growth rate (CAGR) of roughly 7.11% between 2023 and 2030.
The trail camera industry deals with the production and distribution of trail cameras. These are devices designed especially for outdoor applications such as surveillance and photography. However, in recent times, they have also been used extensively for indoor settings such as home security. Trail cameras, unlike traditional counterparts, can be left in the open for a longer time and the technology of these devices allows them to capture images when triggered. Trail cameras are gaining extreme popularity due to several factors and the industry is expected to witness a high CAGR during the forecast period.
The trail camera market players are consistently working toward developing more durable and weather-resistant devices that are expected to help create larger consumer databases.
The global trail camera market is expected to grow owing to the increasing adoption of these devices in wildlife exploration and research activities. With the increasing emphasis on biodiversity and wildlife conservation, several research organizations and government entities use trail cameras to observe animals, birds, and other creatures in wildlife.
The images captured by this equipment are used to either conduct further detailed studies on the animals or birds or for developing strategic measures to manage any impact of climate image on the wildlife. In addition to this, the trail camera industry players are expected to invest higher in developing more advanced cameras by eliminating the existing problems in the cameras currently available for use.
The aspects that need to be covered by better resolution without compromising the battery life and cameras that can withstand hard environments as the current models tend to malfunction in extreme weather conditions. Furthermore, the growing disposable income could lead to higher demand for the items as more people, especially consumer groups that have an interest in wildlife photography and exploration, can now afford durable camera sets. This is further strengthened by lowering the prices of the product itself making it more affordable.
However, the global trail camera industry also deals with significant growth restraints. One of the major restrictions is the relatively poor durability and efficiency of the device in harsh conditions such as extremely low temperatures and rain or snow. These conditions can impact the performance of the equipment. Moreover, the trial cameras have storage limitations since the amount of data captured by the device is generally large which leads to full storage with a short span of use. This requires the storage cards to be frequently checked and changed which can be time-consuming and increases the overall maintenance cost.
The growing expansion in the smart home segment could provide growth opportunities whereas limited distribution channels may challenge market expansion.
The global trail camera market is segmented based on application, pixel size, and region.
Based on application, the global market segments are security and wildlife monitoring & research. In 2022, the industry witnessed the highest growth in the wildlife monitoring & research segment. It dominated more than 61% of the segmental share.
The growth rate is mainly driven by the higher use of trail cameras to observe wildlife by either government entities or common people who have more interest in observing and researching several species of animals and birds present in the wild. Furthermore, the rising emphasis by various environmental agencies on maintaining or improving biodiversity has led to regional governments undertaking programs supporting this cause. Trail cameras have been essential in understanding how rampant urbanization and globalization are impacting wildlife since the growing concerns over climate change impact their life as well.
Based on pixel size, the global market divisions are above 12 MP, 8 to 12 MP, and below 8 MP. In 2022, the 8 to 12 MP segment witnessed dominance over 50% of the segmental share. This set of cameras provides an accurate balance of file size and image quality, which is essential for researchers to analyze the images. For instance, if a camera with higher pixels is used, although it may provide images with higher resolution, in turn, it also means that the file size would be larger. This can drain the battery of the camera resulting in a lesser number of pictures or videos. On the other hand, lower-pixel cameras provide more images but with compromised quality. Hence is crucial to maintain the right balance between both aspects of the camera which is covered in the 8 to 12 MP segment.
The global trail camera market is expected to witness the highest growth in North America. Factors such as the presence of key industry players consistently investing in product improvement and the launch of new advanced devices along with existing consumer databases and product awareness are the driving forces for the regional market. The growth in the European territories is mainly driven by the increasing popularity of wildlife exploration in several parts of the European territory. These nations are home to some of the most popular indigenous species such as Norway, Spain, and Romania. For instance, Spain is famous for many bird species including flamingos, vultures, and eagles. The rising number of people showing interest in observing these creatures is another leading factor of the regional market expansion.
Browse the full “Trail Camera Market By Application (Security, and Wildlife Monitoring & Research), By Pixel Size (Above 12 MP, 8 to 12 MP, and Below 8MP), and By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2023 – 2030.” Report at https://www.zionmarketresearch.com/report/trail-camera-market
The global trail camera market is led by players like:
The global trail camera market is segmented as follows:
By Pixel Size
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