Description
Global 360 Degree Camera Market Research Report—Forecast till 2026
Market Snapshot
The global 360-Degree Camera Market is expected to register a substantial CAGR of 25.17%during the review period of 2020 to 2026. The camera captures a perfect view of an object at a 360-degree angle with the help of dual wide-angle lenses each captures a 180-degree view. It is also identified as an omnidirectional camera. This type of camera catches two pictures or video views from double focal points with a 180-degree field of view and either consequently join them together in-camera or offers free compatible software with which you can join them together usually with a single click. An image processor is a significant segment for enhancing caught pictures that incorporates a hyper-sewing motor for in-camera sewing and a hyper-WDR equipment dynamic reach preparing. Programming in a 360-degree camera is liable for sewing the pictures and recordings created by the camera. There are two kinds of 360 recordings namely monoscopic and stereoscopic.
The global 360-degree camera market is anticipated to exhibit a substantial market during the forecast period owing to the highest market value of USD 778.5 Million in 2020. The prime factor expected to drive the global market is the rising use of social media as a platform for various promotional and marketing activities by sharing live videos and pictures is increasing. Additionally, the constant technological advancements in the consumer electronic segment are set to enhance the global market growth during the review period.
Market Segmentation
The global 360 Degree Camera Market has been segmented based on Component, Connectivity Type, Resolution, Camera Type, and Verticals.
By Component segment, the global market has been classified into Hardware (Sensors, Processor, Battery, Memory Device, Others), Software. Based on Connectivity Type the market has been bifurcated into Wired and Wireless types.
The resolution segment categorizes the global 360 Degree market into High Definition and Ultra-High Definition. In terms of the Camera Type, the market has been sub-divided into Personal, Professional. In terms of Vertical segment, the global market has been classified into Media & Entertainment, Military & Defense, Travel & Tourism, Automotive, Commercial, Healthcare, Others
Regional Analysis
Global 360-Degree Camera Market, by region, has been studied across North America, Europe, Asia-Pacific, the rest of the world.
North America is likely to drive the global market with the largest market share of 33.32% of a market value of USD 199.4 million, in 2018. The region is expected to exhibit the highest CAGR of 24.6% during the forecast period.
Europe is projected to register as the second-largest market with a significant market share of a CAGR of 27.5%. the region was valued at USD 150.3 million in 2018.
Major Players
The Prominent Players of the global 360 Degree Camera Market are Samsung (South Korea), Ricoh Company, Ltd (Japan), YI Technology(China), GoPro, Inc. (US), Insta360.com (China), 360fly (US), LG Electronics Inc. (South Korea), Nikon Corporation (Japan), The Eastman Kodak Company (US), Rylo, Inc. (US), Bubl Technology Inc. (Canada), Immervision (France), Shenzhen Hatoa Technology Co., Ltd (China), Digital Domain Holdings Limited (US), and Xiaomi Corporation (China) among others.
COVID 19 Impacts
We are continuously tracking the impact of the COVID-19 pandemic on various industries and verticals within all domains. Our research reports include the same and help you understand the drop and rise, owing to the impact of COVID-19 on the industries. Also, we help you to identify the gap between the demand and supply of your interested market. Moreover, the report helps you with the analysis, amended government regulations, and many other useful insights.