Global 360-Degree Cameras Market

The increasing need for cameras for safety and security at public places and decreasing prices making them easily affordable are the major factors that drive the growth of the Global 360-Degree Camera Market. Furthermore, with increasing recognition of virtual reality headset games, with the advent of advanced technologies, the gaming market is significantly increasing its integration with VR content into their products, aiding the growth of the market. The capability of the camera to capture omnidirectional views has increased its demand in all different verticals. However, lack of compatibility with other technologies is the major restrain in market growth. 360-degree cameras are those which capture a 360-degree field of view in the horizontal plane. It captures the light falling on the camera’s focal point throughout a sphere. These cameras can shoot 360-degree pictures or videos of any place. Various applications of 360-camera involve video surveillance and survey of architectural places, it is a perfect gadget for crafting VR (Virtual Reality) videos that can be used in the mapping. Omnidirectional cameras are essential for photography in areas where large field coverage is required, such as in panoramic photography and robotics. 360 videos and photos are remarkable for taking space. Interior room photography and outdoor photographs are captured in a much better way than a normal camera cannot express. You do not have to worry about missing sides or walls. 360 content makes the people experience that they are brought to the places you have captured in your camera.

Global 360-Degree Camera Market is valued at approximately USD 448.2 million in 2018 and is anticipated to grow with a healthy growth rate of more than 27.32 % over the forecast period 2019-2026 and is estimated to reach USD 3095 million by 2026.

The regional analysis of the Global 360-Degree Camera Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America is the leading/significant region across the world in terms of market share. Whereas, owing to the countries such as China, Japan, and India, the Asia Pacific region is anticipated to exhibit a higher growth rate / CAGR over the forecast period 2019-2026.
Major market players included in this report are Samsung Electronics, Ricoh, Gopro, Insta360, 360fly, LG Electronics, Nikon, Kodak, Rylo, Bubl Technology, Xiaomi, Immervision, Digital Domain Productions Inc, Yi Technology, Panono (Professional 360GmbH), and Aitbot (Shenzhen Hatoa Technology Co., Ltd.)
The detailed segments and sub-segment of the market are explained below:

By Connectivity Type: Wired, Wireless

By Vertical: Media & Entertainment, Consumer, Military & Defense, Travel & Tourism, Automotive, Commercial, Healthcare, Others

By Resolution: High Definition, Ultra-High Definition

By Camera Type: Single, Professional

By Application: File Making, Events, Others

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Bizwit Research & Consulting LLP