EETimes quotes Tractica market research forecasting that wearable camera shipments will increase from 5.6M in 2014 to 30.6M units annually by 2020, representing a CAGR of 33%.
“Wearable camera adoption will be strongest in areas where there is a clear and specific use case or context in which the camera is used,” says research director Aditya Kaul. “While GoPro is driving the market for sports and adventure enthusiasts, we expect usage of consumer lifelogging cameras like those from Narrative to mature over time to capture specific moments and support video streaming. The public safety sector is also experiencing growth in the adoption of body-worn cameras for police officers provided by companies like Taser, Vievu, and Digital Ally. In addition, enterprise users are experimenting with applications like user experience research in retail and hospitality.”