According to IMARC Group’s recently published report titled “360 Degree Camera Market Size, Share, Revenue, Competitive Analysis, Demand and Growth by 2025”, the market to expand at a CAGR of around 25% during 2020-2025.
A 360-degree camera is a device that captures a panoramic image or a 360-degree field of view in the horizontal plane. It is used to track the movement of people, detect activities in a large area and improve area management.
360 Degree Camera Market Trends:
A rise in the number of crime rates has led to an increased demand for 360-degree cameras as they are used for safety and security measures in defense, military, public as well as the corporate sectors. Apart from this, they are used in robotics to solve simultaneous localization and mapping as well as for visual odometry due to their better optical flow, feature matching and selection in robotics. Furthermore, 360-degree cameras are installed in augmented and virtual reality (AR/VR) gaming and in vehicles to enable smart view. Along with this, as consumers are becoming more inclined toward photography, they prefer to purchase 360-degree cameras, which can produce high-resolution images, even in low-light conditions. Moreover, due to advancements in technology, the leading companies are introducing cameras with intuitive features and innovative designs to attract a broader consumer base.
Note: As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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Market Segmentation:
Market Breakup by Connectivity Type
Wired
Wireless
Market Breakup by Resolution
HD
UHD
Market Breakup by Camera Type
Single
Professional
Market Breakup by Vertical
Media & Entertainment
Consumer
Military & Defense
ravel & Tourism
Automotive
Commercial
Healthcare
Others
Market Breakup by Application
Traffic-Monitoring
Grid Layout
Aerial Scenery
Others
Market Breakup by Distribution Channel
Online Stores
Single-Brand Stores
Multi-Brand Stores
Market Breakup by Region
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
For more information about this report: https://www.imarcgroup.com/360-degree-camera-market
Some of the major players operating in the industry worldwide 360fly, Bubl Technology Inc., Gopro Inc. (NASDAQ: GPRO), Insta360, Kodak (NYSE: KODK), LG Electronics, Nikon, Nokia Corporation, Panono, Ricoh Company Ltd., Rylo, Samsung Electronics, Sony, Xiaomi Ltd. etc.
About Us:
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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