Global Selfie Stick Market 2016-2020
About Selfie Stick
A selfie stick refers to a monopod individuals use to take their photographs by positioning a smartphone or camera extending beyond the normal range of their arms. Selfie sticks are usually extendable metal sticks. They have a handle at one end and an adjustable clamp to hold a phone at the other end. Different types of selfie sticks available in the market include wired, Bluetooth, and remote-triggered.
Technavio’s analysts forecast the global selfie stick market to grow at a CAGR of 26.05% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global selfie stick market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sale of different types of selfie sticks across the world.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Selfie Stick Market 2016-2020
Technavio recognizes the following companies as the key players in the global selfie stick market: Anker, Fotopro, KobraTech, Kootek, Looq Robotics, Momax, Mpow, fromm works, Satechi, Selfie on A Stick, Selfie Stick Gear, and Xiaomi.
Commenting on the report, an analyst from Technavio’s team said: “One of latest trends in the market is advances in selfie stick technology. The growing awareness and popularity of selfie sticks since their availability in 2013 have propelled manufacturers to add more and more features to gain a competitive advantage in the market. The earliest selfie sticks were just rods capable of holding phones, and the person had to manually click the camera button on the phone to take a picture. Later on, manufacturers introduced advanced selfie sticks, with Bluetooth functionality, that helped the users push a button at the end of the selfie stick to take pictures. After some time, selfie sticks with Bluetooth remotes made their way to the market, helping the users take pictures at the click of a button remotely.”
According to the report, one of the primary drivers in the market is declining prices of selfie sticks. The prices of selfie stick have gone down drastically since their launch in 2013. In 2013, selfie sticks were available at $30, depending on their functionality, warranty, the material used, and connectivity options. In 2016, the price reduced to $5 in the US and around $3 in the South Asian countries due to high proliferation of Chinese manufacturers in the global selfie stick market. The huge rise in the number of manufacturers helped reduce the price of selfie sticks and also impacted the quality and shelf life of these devices adversely. However, the low shelf life of selfie sticks is not a huge concern for the end-users as the quality of the picture depends on the quality of the camera and not the stick.
Further, the report states that one major challenge in the market is widespread ban on selfie sticks. The ban on selfie sticks is now a global phenomenon. Sports arenas, museums, famous landmarks, music festivals, and theme parks across the world have started banning selfie sticks owing to security concerns. The authorities of Arsenal F.C. in the UK decided to ban selfie sticks because they can be used as a weapon. Similarly, in 2015, selfie sticks were banned by Rome's Colosseum over fears that the famous landmark could get damaged by them. New York Metropolitan Museum of Art banned selfie sticks on account of visitor safety and art protection. The following exhibit shows some of the well-known places that have banned the use of selfie sticks.
Anker, Fotopro, KobraTech, Kootek, Looq Robotics, Momax, Mpow, fromm works, Satechi, Selfie on A Stick, Selfie Stick Gear, Xiaomi.
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