IMARC Group, a leading market research company, has recently releases report titled “360-Degree Camera Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027.” The study provides a detailed analysis of the industry, including the global 360-degree camera market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How big is the 360-degree camera market?
The global 360-degree camera market size reached US$ 812.5 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 3,446.7 Million by 2027, exhibiting a growth rate (CAGR) of 26.3% during 2022-2027.
What is 360-degree camera?
A 360-degree camera contains a field of vision that encompasses almost the whole sphere or a full circle in the horizontal plane. In applications where extended visual area coverage is required, such as robotics and panoramic photography, these devices are commonly utilized for graphical simultaneous localization and mapping and illustrated odometry challenges.
Various 360-degree camera implementations are available, including cameras with more than 30 lenses and two opposing fisheye lens assortments and several other types, such as Z-CAM, MadV, Red Digital Cinema, Ricoh, FXG, Panono, Trisio, Vuze, Insta360, Gear360, GoPro, and Kandao. Owing to its capacity to record a full circle image, this device provides enhanced results for optical flow and feature selection matching.
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Market Trends and Drivers:
The growing product popularity among consumers, on account of its capability of delivering high-quality photographs, is primarily driving the 360-degree camera market. Besides this, the incorporation of advanced and innovative features, such as DSLR with HD video and picture quality, is further augmenting the market growth.
Moreover, compared to standalone and single cameras, a 360-degree camera with multiple rigs and lenses is responsible for separately recording and providing improved content, which is also catalyzing the global market. Apart from this, the escalating interests in wildlife, fashion, and wedding photography among the masses and the increasing product utilization in surveillance and security applications in public spaces are acting as significant growth-inducing factors. In addition, the emerging trend of virtual and augmented reality (VR/AR) content is also stimulating the market growth.
Furthermore, the inflating need for this device in autonomous automobiles to provide smart views is expected to bolster the 360-degree camera market in the coming years.
Who are the key players operating in the industry?
The report covers the major market players including:
360-Degree Camera Companies:
- 360fly
- Bubl Technology Inc.
- Gopro Inc.
- Insta360
- Kodak (NYSE: KODK)
- LG Electronics (KRX: 066570)
- Nikon (OTCMKTS: NINOF)
- Nokia Corporation (NYSE: NOK)
- Panono
- Ricoh Company Ltd.
- Rylo
- Samsung Electronics (KRX: 005930)
- Sony (NYSE: SONY)
- Xiaomi (OTCMKTS: XIAC)
Explore Full Report Description At: https://www.imarcgroup.com/360-degree-camera-market
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Connectivity Type:
- Wired
- Wireless
Breakup by Resolution:
- HD
- UHD
Breakup by Camera Type:
- Single
- Professional
Breakup by Vertical:
- Media & Entertainment
- Consumer
- Military & Defense
- Travel & Tourism
- Automotive
- Commercial
- Healthcare
- Others
Breakup by Application:
- Traffic-Monitoring
- Grid Layout
- Aerial Scenery
- Others
Breakup by Distribution Channel:
- Online Stores
- Single-Brand Stores
- Multi-Brand Stores
Breakup by Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
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