According to Fact.MR, a market research and competitive intelligence provider, the global trail camera market will reach the valuation of US$ 147.8 million in 2022 and is projected to grow with the promising CAGR of 3.9% during the forecast period. The market is poised to grow with the increasing demand for wildlife sanctuaries and conservation parks further augmenting the installation of trail camera.
The global trail camera market has evolved over the years from specialized products for nature lovers and hunters to mass products used by the general public for outdoor security and surveillance. The rapid growth of wildlife sanctuaries and national parks around the world, which are destinations of high interest for tourists, has another significant impact on the trail camera market. Significant advances in trail cameras in recent years have provided real amplification for a variety of end uses, accelerating the evolution of the trail camera market.
Furthermore, growth of e-commerce, net proliferation, and growth in online stores, in evaluation with overview sites, are key ameliorations that have facilitated customers to evaluate fee ranges of path digital product variants. Greater availability of inherent intelligence on products, and different applicable information along with information on digital range, battery life, and cause speed, has led to higher product transparency in the path of the digital market, thereby favouring its growth of the market.
Key Takeaways from Market Study
- The global trail camera market is projected to grow 5X and reach US$ 216.6 million by 2032.
- The market witnessed 4% CAGR during historic period of 2017-2021.
- Under product type, cellular wireless trail camera will dominate the market with US$ 70.2 million valuation in 2022.
- Low glow segment is expected to reach market valuation of US$ 77.4 million by 2022 end.
- North America dominated the market with 7% market share in 2021.
The prominent market players are now emphasizing on enhancing product designs through various technological advancements. The top manufacturers are aiming to build diversified product portfolio that aids meet the dynamic demands from end-use sectors. Technological advancements such as wireless trail cameras or no-glow trail cameras with higher picture quality are prime strategic priorities adopted by market participants.
Additionally, industry participants are working to increase their client base by providing collaborative platforms that let customers engage with their technical teams directly. Market participants have created integrated sales channels to streamline their supply chain.