360-Degree Camera Market Size, Demand, Trends and Latest Insights 2023-2028
IMARC Group has recently released a new research study titled “360-Degree Camera Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios. This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.
Market Overview:
The global 360-degree camera market size reached US$ 1,072.5 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 4,343.0 Million by 2028, exhibiting a growth rate (CAGR) of 25.66% during 2023-2028. A 360-degree camera is a type of camera that captures a full 360-degree view of a scene. It uses multiple lenses to capture images from different angles, thus creating a single panoramic image or video. This technology allows users to capture immersive content and view it from any angle or perspective. 360-degree cameras are compact and portable, thus making them ideal for capturing content on-the-go.
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What are the growth prospects and trends in the industry?
The widespread product application across industries, including automotive, travel and tourism, and media and entertainment. Moreover, these products are integrated with face recognition, higher frame rates, night vision, and advanced image-stabilization features, which enable a seamless live streaming experience to users. This is acting as another major growth-inducing factor. In addition to this, the continual launch of products with high-quality image sensors and expandable memory to by the leading players to increase their profitability and attract a wider consumer-base is contributing to the market growth.
The market is also being driven by the extensive product utilization across the real estate industry to offer virtual tours of the properties to the buyers and the rising preference for virtual and augmented reality (AR/VR) in video games and other forms of interactive entertainment. Other factors, such as rising consumer expenditure capacities, significant technological advancements, and the easy availability of affordable product variants, are creating a positive outlook for the market further across the globe.
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)
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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
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Key Highlights of the Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
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.
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.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
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