According to North Carolina State University, in the US, around 11.5 million individuals go hunting annually. That represents less than 4% of the entire country.
Growing Security Concerns in Commercial and Residential Areas Fuels the Market Growth
Growing security concerns in both, business as well as residential sector, is driving the global trail camera market globally. These cameras are used frequently all over the world since they are readily found at, utilize less power, are highly portable, can operate on batteries, and are less expensive than CCTV sets. For instance, The Royal Newfoundland Constabulary (RNC), the provincial police force for Newfoundland and Labrador, reports that some cabins and homeowners have devised an efficient method of apprehending potential burglars on the west coast. Trail cameras, which have historically been used to monitor hunting grounds, are now being employed by certain landowners as a low-cost security system. Therefore, a trail camera is used in the residential and commercial sector for various reasons, such as preventing thieves, which drives the global market for trail cameras.
Increasing Number of Product Launches Boosts the Market Growth
Companies are launching new products in order to attract customers which will increase the demand and growth of the trail camera market globally. For instance, in 2022, Reolink launched the Keen sub-brand, which focuses on producing portable trail cameras ideal for primarily monitoring animals. , and this is crucial in reservations, parks, and wildlife sanctuaries as animals won't be startled or bothered by humans. The focus is to preserve 4G cellular connectivity and battery life while also hiding the IR LEDs and using a camouflage pattern of camera. The ability to pan and tilt the camera while standing a distance away is still crucial since it enables users to acquire a 360-degree view of their surroundings. Additionally, in 2022, Campark launched its TC-Series of trail cameras to improve the quality of their nighttime image and videos. While keeping the 4K HD native video, TC05 model is enhancing picture clarity. The camera can capture 48MP photos, has a night trigger range of up to 65 feet (20 meters), comes with a 120° wide-angle lens, and triggers instantaneously after motion is detected in less than 0.2 seconds. Hence, this factor is projected to further fuel the market growth.
Strategic Acquisitions & Partnerships Among Companies Drives the Market Growth
Several trail camera companies are focusing on improving their strategies in order to expand their services through mergers, acquisitions, partnerships, etc. For instance, in 2021, Good Sportsman Marketing Outdoor acquired Plano Synergy's hunting accessories and archery brands. GSM Outdoors deals in outdoor and sporting consumer goods businesses. The premier outdoor and sporting consumer goods company, GSM Outdoors, also sells trail camera, and was established to fulfill the needs of avid sportsmen. Therefore, such factors are expected to boost the market growth during the forecast period.
Rising Consumer Spendings on Wildlife Research & Monitoring Activities
The International Union for Conservation of Nature Red List contains a total of 41,415 species as of 2022, 16,306 of which are threatened with extinction as endangered species. This is an increase from 16,118 in 2021.
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Market Segmentation
Company Profile
Good Sportsman Marketing, LLC (Wildgame Innovations), Browning Trail Cameras, Visa Outdoor Operations LLC, Quebec Inc. (Spypoint), Covert Scouting Cameras, LLC., RECONYX, INC., Cuddeback, Blaser Group GmbH (Minox), Boly Inc., Orion Systems Integrators, LLC
Attribute | Details |
Base Year | 2022 |
Historical Years | 2018 – 2021 |
Estimated Year | 2023 |
Forecast Period | 2024 – 2028 |
Quantitative Units | Revenue in USD Billion and CAGR for 2018-2022 and 2023-2028 |
Report Coverage | Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered | · Product Type · Pixel Size · Application · Distribution Channel · Region |
Regional Scope | North America, Europe, Asia-Pacific, Middle East & Africa, and South America |
Country Scope | United States, Canada, Mexico, Russia, France, United Kingdom, Italy, Spain, China, India, Japan, Indonesia, Vietnam, Saudi Arabia, Egypt, UAE, Turkey, Brazil, Argentina; Colombia |
Key Companies Profiled | Good Sportsman Marketing, LLC (Wildgame Innovations), Browning Trail Cameras, Visa Outdoor Operations LLC, Quebec Inc. (Spypoint), Covert Scouting Cameras, LLC., RECONYX, INC., Cuddeback, Blaser Group GmbH (Minox), Boly Inc., Orion Systems Integrators, LLC, etc. |
Customization Scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
Pricing and Purchase Options | Avail of customized purchase options to meet your exact research needs. Explore purchase options |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request) |