The global webcams market is anticipated to value USD 11.60 billion until 2027. It is also expected to register a CAGR of 8.2% over the forecasted years, 2020 to 2027. Rising safety and security concerns coupled with the need for virtual meetings are projected to boost the demand for webcams in the across the globe.
The analog segment held the largest share of around 60.0% across the global market in 2019 on account of its features like smaller sized images and videos over other segments. While, the digital segment is projected to hold 9.9% CAGR in the upcoming years owing to its features like enhanced image quality, high coverage area, and the requirement of fewer cables.
In 2019, the segment of brick & mortar dominated the global market owing to its feature of physical verification of the product before making the purchasing decision. On the other hand, the e-commerce segment is anticipated to hold a CAGR of 11.9% from 2020 to 2027 on account of features like doorstep delivery, hassle-free delivery, and quick replacement policies.
North America held the largest share exceeding 35.0% across the global market in 2019 due to increasing awareness about the safety and security of private and public places prevailing among the millennial population located across the U.S. and Canada. While, Asia Pacific accounted for the highest CAGR of 9.1% over the forecasted years, 2020 to 2027 owing to surging demand for such devices for online education and video conferencing across institutions located in China and India.
The global webcam market includes key players such as Sony Corporation; Logitech; Canon, Inc; Razer Inc.; and 10Moon. They are constantly investing in R& D activities for product development and innovation to gain a competitive advantage and to widen their geographical reach.
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Further key findings from the report suggest:
• The analog segment accounted for the highest share of 60.0% across the global market in 2019.
• The brick & mortar distribution channel segment held highest share of around USD 5.4 Billion in terms of revenue during 2019.
• In 2019, North America accounted for dominant share across the global webcamsmarket.
• The key players in this market are Sony Corporation; Logitech; Canon, Inc; Razer Inc.; and 10Moon.
Million Insights has segmented the global webcam market on the basis of product, technology, distribution channel, end use, and region:
Webcams Product Outlook (Volume, Million Units; Revenue, USD Million, 2016 - 2027)
Webcams Technology Outlook (Volume, Million Units; Revenue, USD Million, 2016 - 2027)
Webcams Distribution Channel Outlook (Volume, Million Units; Revenue, USD Million, 2016 - 2027)
• Brick & Mortar
Webcams End-Use Outlook (Volume, Million Units; Revenue, USD Million, 2016 - 2027)
• Security & Surveillance
• Live Events
• Visual Marketing
Webcams Regional Outlook (Volume, Million Units; Revenue, USD Million, 2016 - 2027)
• North America
• Asia Pacific
• Latin America
• Middle East & Africa