Trail Camera Market Projected to Augment at a Notable CAGR during the Forecast Period until 2028
Verfasser: ashwani_kailiya on Friday, 10 May 2019The bullish run in the trail camera market continues in 2018, with an incremental growth of 18,000 units over 2017. A new Fact.MR study offers an in-depth analysis on the key factors at play in this market. According to the study, increasing wildlife exploration and rising demand for higher security and surveillance are instrumental in driving sales of trail cameras. The study opines that demand for trail cameras will grow at a CAGR of 3.5% in terms of volume throughout the period of forecast, 2018-2028.
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Technological advancements have significantly transformed the trail camera space, particularly with respect to connectivity and functionality. Possibility of obtaining thumbnail picture with trail camera has been a remarkable step reflecting a technological novelty in the trail camera marketplace.
Growing proliferation of novel technologies such as Wi-Fi and Bluetooth in the trail camera marketplace are expected to influence the sales of trail camera, in turn presenting a positive outlook of the overall market. The demand for trail camera is being influenced with growing digitalization, as manufacturers continue to focus on researching and developing their products.