360 Degree Camera Market- Global Industry Analysis and Forecast (2024-2030)

360 Degree Camera Market was valued at 1.34 Bn. in 2023. Global 360 Degree Camera Market size is estimated to grow at a CAGR of 23.78% over the forecast period.
360 Degree Camera Market Overview:
A 360-degree camera, also known as an omnidirectional camera, is a compact, portable device that allows users to capture a 360-degree field view in the horizontal plane or a visual field of the whole sphere. It is generally equipped with two optical viewfinders on either side of the camera's body, each with at least a 180-degree field of view. The wireless 360-degree camera, including digital single-lens reflex (DSLR), action, and mirrorless cameras, can link to smartphones via Wi-Fi or Bluetooth, making editing, transferring, post-processing, and sharing on social media easier and faster.

It can also be used to create real-time panoramic photos or films without the need for stitching or extra processing, resulting in high-quality results. These cameras have attracted increasing attention in recent years as they are also used to monitor and detect suspicious activities in a huge field, track people's movements, improve area management, and conduct indoor and outdoor surveillance.To know about the Research Methodology :- Request Free Sample Report
360 Degree Camera Market Dynamics:
The growing popularity of virtual and augmented reality in video games and other forms of interactive entertainment across the globe is rapidly increasing the use of 360-degree cameras. The increased popularity of immersive ads for displaying a product, store, or property is driving 360 Degree camera market growth. These advertisements help enterprises in establishing a distinct brand image, especially on social media platforms such as Instagram, YouTube, and Facebook. 360-degree cameras are also used in robotics to solve problems including simultaneous localization and mapping, along with visual odometry and feature matching and selection. Aside from that, the increasing use of these cameras in various automobiles benefits drivers by increasing their awareness of their surroundings.

Demand for 360-degree cameras is being driven by the integration of these cameras with mobile devices, along with the increasing preference to watch real-time 4K and HDR footage. In addition, an increase in the frequency of security breaches, theft, and burglary incidents in public and commercial spaces, as well as residential complexes, is driving product sales. These cameras are also used by the defense sector for surveillance and monitoring. One of the key reasons for their low acceptance rate is that the general public is unaware of 360-degree cameras.

In the automotive industry, 360-degree cameras are rapidly gaining prominence. Drivers are expected to benefit from the usage of 360-degree cameras in automobiles and they'd have a greater understanding of their surroundings, aid while driving, obstruction awareness, and overall automotive safety. The 360-degree cameras take pictures from all angles and present them on the car's LCD screen. 360-degree dash cameras are also becoming more popular since they can provide strong proof in the event of a collision or accident. These cameras come in a variety of shapes, sizes, and models, each with its own set of features. Some of the best-featured cameras for vehicles include the Falcon 4-Camera 1080p Trucker Dash System, Falcon Zero F360, WISEUP 360-Degree Dash Cam, and Finer 3600 Car Camera.

Extreme sports fans and vloggers prefer 360-degree cameras due to their endurance and ability to capture a larger frame. Another key growth-inducing factor is the desire for better photography solutions, as 360-degree cameras are particularly effective at creating high-resolution photographs, especially in low-light settings, making them suitable for professional use. As a result, they're used in aerial photography and cinematography, where they're combined with unmanned aerial vehicles (UAVs) to take high-angle views from a higher vantage point. These factors are expected to uplift the 360-degree cameras market growth throughout the forecast period.
360 Degree Camera Market Segment Analysis:
Based on the Connectivity, the 360 Degree Camera Market is segmented into Wired and Wireless. The Wired segment held the largest market share, accounting for 67.23% in 2023. The 360 degree wired cameras are perfect for circumstances where movement is restricted. The vast majority of these cameras are installed in retail, residential, and commercial establishments. The demand for wireless 360-degree cameras is growing by the day, owing to the improved convenience that these gadgets provide. Real-time scenery and outdoor athletic events can be captured with 360-degree wireless cameras. 360-degree wireless cameras beat wired cameras when flexibility and mobility are required.

Based on the Application, the 360 Degree Camera Market is segmented into Media & Entertainment, Military & Defense, Digital Photography, Travel & Tourism, Automobile, Healthcare, and Others. The Media & Entertainment segment held the largest market share, accounting for 31.87% in 2023. The growing adoption of 360-degree cameras for moviemaking is primarily driving the segment’s growth across the globe. The 360-degree camera rigs along with multiple camera setups, enabling unprecedented 360-degree images. These rigs are reasonably easy to use and extremely durable in a variety of shooting settings.
360 Degree Camera Market Regional Insights:
The North American region held the largest market share accounted for 36.51% in 2023. The willingness of customers to accept technologically advanced products, along with the presence of a large number of players producing standalone cameras and rigs, are the primary drivers of market growth in North America. The growing quantity of VR games and the increasing use of virtual reality headsets in the United States and other nations in the region are also driving this region's growth. In addition, the high acceptance rate of emerging technologies and constant technical breakthroughs in the consumer electronics market is expected to boost the growth of the North American 360-degree camera market throughout the forecast period.

Asia Pacific region is expected to witness significant growth at a CAGR of 18.23% during the forecast period. The Asia Pacific region's growth is expected to be fueled by rising income parity in emerging nations such as China, India, and Japan, along with increased adoption of AR-VR technology and increased demand for 360-degree cameras in the entertainment business. However, the increasing use of smart devices, increasing economic growth, increasing consumer expenditure, and changing spending habits of end-users, are expected to boost the region’s growth over the forecast period.

The objective of the report is to present a comprehensive analysis of the global 360 Degree Camera Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also help in understanding the 360 Degree Camera Market dynamic, structure by analyzing the market segments and projecting the 360 Degree Camera Market size. Clear representation of competitive analysis of key players by Technology, price, financial position, product portfolio, growth strategies, and regional presence in the 360 Degree Camera Market make the report investor’s guide.
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360 Degree Camera Market


Report Coverage
Details


Base Year:
2023
Forecast Period:
2024-2030


Historical Data:
2018 to 2023
Market Size in 2023:
US $ 1.34 Bn.


Forecast Period 2024 to 2030 CAGR:
23.78%
Market Size in 2030:
US $ 6.00 Bn.


 Segments Covered:
by Connectivity
Wired
Wireless


by Resolution
HD
Ultra HD
Others


by Application
Media & Entertainment
Military & Defense
Digital Photography
Travel & Tourism
Automobile
Healthcare
Others



360 Degree Camera Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
360 Degree Camera Market Key Players
1. Nikon
2. LG Electronics
3. 360fly
4. GoPro
5. Samsung Electronics
6. Insta360
7. Kodak
8. Ricoh
9. Rylo
10.Bubl
11.Xiaomi
12.Canon Inc.
13.Sony Corporation
14.Nokia Corporation
15.Panono Gmbh
16.Microsoft Corporation
17.Apple Inc.
18.YI Technology
19.The Eastman Kodak Company
20.Immervision
21.Shenzhen Hatoa Technology Co., Ltd
22.Digital Domain Holdings Limited

Frequently Asked Questions:

1. Which region has the largest share in Global 360 Degree Camera Market?
Ans: North America region held the highest share in 2023.

2. What is the growth rate of Global 360 Degree Camera Market?
Ans: The Global 360 Degree Camera Market is growing at a CAGR of 23.78% during forecasting period 2024-2030.

3. What is scope of the Global 360 Degree Camera Market report?
Ans: Global 360 Degree Camera Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. Who are the key players in Global 360 Degree Camera Market?
Ans: The important key players in the Global 360 Degree Camera Market are – Nikon, LG Electronics, 360fly, GoPro, Samsung Electronics, Insta360, Kodak, Ricoh, Rylo, Bubl, Xiaomi, Canon Inc., Sony Corporation, Nokia Corporation, Panono Gmbh, Microsoft Corporation, Apple Inc., YI Technology, The Eastman Kodak Company, Immervision, Shenzhen Hatoa Technology Co., Ltd, and Digital Domain Holdings Limited.

5. What is the study period of this Market?
Ans: The Global 360 Degree Camera Market is studied from 2023 to 2030.