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South Korea Underwater Camera Market Report and Forecast 2024-2032

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    Report

  • 175 Pages
  • November 2023
  • Region: South Korea
  • Expert Market Research
  • ID: 5912614
According to the report, the South Korea underwater camera market reached a value of USD 60 million in 2023. Aided by the growing interest in marine photography, underwater exploration, and the surge in coastal tourism, the market is projected to further grow at a CAGR of 18% between 2024 and 2032.

Underwater cameras are specialised photographic equipment designed to capture images beneath the water surface. These cameras are not only essential for professional marine photographers but are also becoming increasingly popular among recreational divers, snorkelers, and water sports enthusiasts. Owing to their waterproof, pressure-resistant, and robust nature, underwater cameras enable users to document marine life, underwater landscapes, and various water-based activities with remarkable clarity and precision.

The rapid growth in South Korea's coastal tourism sector is a significant driver of the South Korea underwater camera market growth. Tourists and adventurers flock to the country's picturesque beaches, engaging in snorkelling, diving, and other aquatic activities. Capturing these moments has become an integral part of the experience, and as a result, the demand for durable and high-quality underwater cameras has soared.

Additionally, South Korea's progressive stance on marine conservation and research has played a pivotal role in propelling the South Korea underwater camera market demand. Marine biologists, researchers, and environmentalists often use these cameras to study, document, and promote the diverse marine ecosystem in the region. The push for marine documentaries and the dissemination of underwater content through social media platforms and national broadcasting networks have further augmented the market's growth trajectory.

Technological advancements also serve as a backbone for the burgeoning underwater camera industry in South Korea. As per the South Korea underwater camera market analysis, leading manufacturers are continually innovating, integrating advanced features like high-resolution sensors, augmented reality (AR) capabilities, and improved battery life. This continuous technological evolution ensures that underwater cameras remain an enticing product for both amateur and professional users.

Moreover, the growth of the diving industry in South Korea, bolstered by the country's rich marine biodiversity and numerous diving sites, has significantly increased the value of the South Korea underwater camera market size. Dive shops, training schools, and marine tour operators often equip their customers with these cameras, both for safety documentation and as a value-added service.

Market Segmentation

The market can be divided based on type, application, and distribution channel.

Market Breakup by Type

  • Digital Single Lens Reflex (DSLR)
  • Compact
  • Mirrorless

Market Breakup by Application

  • Individual
  • Commercial
  • Media and Entertainment
  • Underwater Sports
  • Commercial Photography
  • Underwater Research
  • Others

Market Breakup by Distribution Channel

  • Online
  • Offline

Competitive Landscape

The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the South Korea underwater camera market. Some of the major players explored in the report are as follows:
  • Canon Inc.
  • Nikon Corporation
  • Panasonic Corporation
  • Sony Corporation
  • FUJIFILM Corporation
  • GoPro, Inc.
  • GVS Co., Ltd
  • Others

Table of Contents

1 Preface2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot7 Opportunities and Challenges in the Market
8 South Korea Underwater Camera Market Analysis
8.1 Key Industry Highlights
8.2 South Korea Underwater Camera Historical Market (2018-2023)
8.3 South Korea Underwater Camera Market Forecast (2024-2032)
8.4 South Korea Underwater Camera Market by Type
8.4.1 Digital Single Lens Reflex (DSLR)
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2023)
8.4.1.3 Forecast Trend (2024-2032)
8.4.2 Compact
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2023)
8.4.2.3 Forecast Trend (2024-2032)
8.4.3 Mirrorless
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2023)
8.4.3.3 Forecast Trend (2024-2032)
8.5 South Korea Underwater Camera Market by Application
8.5.1 Individual
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2023)
8.5.1.3 Forecast Trend (2024-2032)
8.5.2 Commercial
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2023)
8.5.2.3 Forecast Trend (2024-2032)
8.5.2.4 Breakup by Type
8.5.2.4.1 Media and Entertainment
8.5.2.4.2 Underwater Sports
8.5.2.4.3 Commercial Photography
8.5.2.4.4 Underwater Research
8.5.2.4.5 Others
8.6 South Korea Underwater Camera Market by Distribution Channels
8.6.1 Online
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2023)
8.6.1.3 Forecast Trend (2024-2032)
8.6.2 Offline
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2023)
8.6.2.3 Forecast Trend (2024-2032)
9 Market Dynamics
9.1 SWOT Analysis
9.1.1 Strengths
9.1.2 Weaknesses
9.1.3 Opportunities
9.1.4 Threats
9.2 Porter’s Five Forces Analysis
9.2.1 Supplier’s Power
9.2.2 Buyer’s Power
9.2.3 Threat of New Entrants
9.2.4 Degree of Rivalry
9.2.5 Threat of Substitutes
9.3 Key Indicators for Demand
9.4 Key Indicators for Price
10 Competitive Landscape
10.1 Market Structure
10.2 Company Profiles
10.2.1 Canon Inc.
10.2.1.1 Company Overview
10.2.1.2 Product Portfolio
10.2.1.3 Demographic Reach and Achievements
10.2.1.4 Certifications
10.2.2 Nikon Corporation
10.2.2.1 Company Overview
10.2.2.2 Product Portfolio
10.2.2.3 Demographic Reach and Achievements
10.2.2.4 Certifications
10.2.3 Panasonic Corporation
10.2.3.1 Company Overview
10.2.3.2 Product Portfolio
10.2.3.3 Demographic Reach and Achievements
10.2.3.4 Certifications
10.2.4 Sony Corporation
10.2.4.1 Company Overview
10.2.4.2 Product Portfolio
10.2.4.3 Demographic Reach and Achievements
10.2.4.4 Certifications
10.2.5 FUJIFILM Corporation
10.2.5.1 Company Overview
10.2.5.2 Product Portfolio
10.2.5.3 Demographic Reach and Achievements
10.2.5.4 Certifications
10.2.6 GoPro, Inc.
10.2.6.1 Company Overview
10.2.6.2 Product Portfolio
10.2.6.3 Demographic Reach and Achievements
10.2.6.4 Certifications
10.2.7 GVS Co., Ltd
10.2.7.1 Company Overview
10.2.7.2 Product Portfolio
10.2.7.3 Demographic Reach and Achievements
10.2.7.4 Certifications
10.2.8 Others
11 Key Trends and Developments in the Market
List of Key Figures and Tables
1. South Korea Underwater Camera Market: Key Industry Highlights, 2018 and 2032
2. South Korea Underwater Camera Historical Market: Breakup by Type (USD Million), 2018-2023
3. South Korea Underwater Camera Market Forecast: Breakup by Type (USD Million), 2024-2032
4. South Korea Underwater Camera Historical Market: Breakup by Application (USD Million), 2018-2023
5. South Korea Underwater Camera Market Forecast: Breakup by Application (USD Million), 2024-2032
6. South Korea Underwater Camera Historical Market: Breakup by Distribution Channels (USD Million), 2018-2023
7. South Korea Underwater Camera Market Forecast: Breakup by Distribution Channels (USD Million), 2024-2032
8. South Korea Underwater Camera Market Structure

Companies Mentioned

  • Canon Inc.
  • Nikon Corporation
  • Panasonic Corporation
  • Sony Corporation
  • FUJIFILM Corporation
  • GoPro Inc.
  • GVS Co. Ltd

Methodology

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