The correct phonetic pronunciation of the term for a gadget employed to capture visual content is /ˈkæmərə/. This term is derived from the Latin word "camera", meaning "vaulted room" or "bedroom". The pronunciation involves stressing the first syllable, "cam", and the second syllable, "er", while pronouncing the "er" as a schwa sound. It is important to enunciate each syllable clearly to convey the correct pronunciation of this term.