Fiormarkets thinks that the underwater camera market will grow from $4.8 billion in 2019 to $15.30 billion by 2027:
“The underwater camera market is expected to grow from USD 4.8 billion in 2019 to USD 15.30 billion by 2027, at a CAGR of 15.6% during the forecast period 2020-2027.
The factors driving the market are the growing demand for underwater cameras for personal use, the implementation of underwater cameras in media & entertainment applications, the emergence of camera rental services, the high demand for underwater sports, and the rising trend of underwater photography on social media feeds. The factor restraining market growth is the high cost of the camera.” (Fiormarkets)
According to a new study from Rise Above Research, 63% of respondents in the 18-24-year-old age group had bought photo products in the last year;
