360 Degree Camera Market by Product Type (Wired Cameras and Wireless Cameras), Resolution (HD and Ultra-HD), Application (Consumer, Commercial, Military & Defense, and Media & Entertainment)-Analysis & Forecast 2019-2030
Report ID : 262 | Published Date : Jun 2020 | Pages : 175 | Region : Global | Report Code : CG-6
360 Degree Camera Market Introduction and Overview
360 degree cameras are electronic devices that capture panoramic images and videos of approximately the entire sphere. 360 degrees camera typically consist of two wide-angle lenses on adjacent sides of the camera, each lens covering half of the sphere and stitches multiple images that are captured to create a single 360 degree image with the help of embedded software in such cameras. These cameras are beneficial for capturing large visual fields for different applications including media & entertainment, healthcare, military & defense, automotive, and others.
The global 360 degree camera market is driven by factors such as the growing popularity of virtual reality games and the rising adoption of 360 degree cameras in the military & defense sector to provide real-time simulations for training. Moreover, the benefits of deploying 360 degree cameras for various applications, such as ease of use, ability to connect multiple devices, and high resolution of 360 degree pictures & videos, are also some of the major factors which are contributing to the global 360 degree camera market growth. However, the high cost of 360 degree cameras and the lack of high-speed internet facilities for connecting such cameras with other devices are affecting the market growth of global 360 degree cameras adversely.
The global 360 degree camera market can be segmented into product type, resolution, application, and regions.
360 Degree Camera Market By Product Type
Based on product type, the global 360 degree camera market can be segmented into wired cameras and wireless cameras. The wireless camera segment is expected to dominate the market and will grow at the highest CAGR in the coming years. The growth of this segment can be attributed to their preferred use to capture sports events, while traveling, for media & entertainment purposes, and others.
360 Degree Camera Market By Resolution
Based on resolution, the global 360 degree camera market can be segmented into HD (High Definition) and Ultra-HD (Ultra-High Definition). The HD segment dominated the market and is expected to continue its dominance during the forecast period. On the other hand, the ultra-HD segment is expected to grow at the highest CAGR during the forecast period. This growth of the ultra-HD segment is driven by the innovations in the 360 degree camera technology and of the need for better image quality in various applications.
360 Degree Camera Market By Application
Based on application, the 360 degree camera market can be segmented into consumer, commercial, military & defense, media & entertainment, and others. The consumer segment is expected to witness the highest CAGR in the coming years. The dominance of the consumer segment is due to the increased purchasing power of consumers and the growing adoption of panoramic cameras that capture indoor & outdoor events and sceneries in real-time.
360 Degree Camera Market By Region
Based on region, the global 360 degree camera market can be segmented into North America, Europe, Asia Pacific, and the Rest of the World (ROW). North America is the largest market for 360 degree cameras and is expected to dominate the global market in the coming years. Market growth in North America can be attributed to the inclination of consumers toward the adoption of technologically advanced products and the increasing demand for 360 degree camera in various end-use industries such as healthcare, industrial, automotive, and consumer electronics.
360 Degree Camera Market Prominent Players
Some of the prominent players in the 360 degree camera market include SAMSUNG ELECTRONICS CO., LTD., Nikon Corporation, FUJIFILM Corporation, GoPro, Inc., Xiaomi, LG Electronics., insta360, Eastman Kodak Company, Professional360 GmbH, and 360fly, Inc., among others.