360-Degree Camera Market Expected to Raise Moderately over 2026Posted by Minakshi on February 22nd, 2021 Market Overview
Competitive Analysis The key 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. In March 2019, YI Technology launched Dome Camera 1080p, which is an intelligent 360-degree eye for the user’s home. The camera can keep recording continuously on its local storage, network storage, or on the cloud, 24x7. In February 2019, Ricoh Co Ltd announced the launch of RICOH THETA Z1 by deploying superior optical and image processing technologies. It offers 360 degrees still image photo shooting as a high-end model of the RICOH THETA camera series. In May 2018, GoPro launched its Fusion 360-Degree Camera in India. GoPro Fusion includes the ability to shoot 360-degree footage at a resolution of 5.2K and a frame rate of 30 frames per second.
Based on connectivity type, the global market has been segmented into Wired and Wireless. The wireless segment accounted for the largest market share of 64.9% in 2018, with a market value of USD 388.4 million; it is expected to register a CAGR of 26.3% during the forecast period. The wired segment was the second-largest market in 2018, valued at USD 209.9 million; it is projected to exhibit a CAGR of 22.8%. Wired 360-degree cameras are connected through cables for data transmission. Such cameras are widely used in surveillance and security applications. Wireless 360-degree cameras are highly preferred by individuals and professional photographers and videographers.
Based on camera type, the market has been bifurcated into personal and professional. The persona segment accounted for the larger market share of 60.7% in 2018, with a market value of USD 60.7 million; it is expected to register a CAGR of 24.9% during the forecast period. The professional segment was valued at USD 234.9 million; it is projected to register the higher CAGR of 25.5%. As compare to professional end-user, personal use of 360-degree cameras for personal activities including skydiving, skateboarding, scuba diving, rafting, trekking, and various other outdoor activities is expected to dominate the 360-degree camera market during the forecast period. The 360-degree camera is also used for professional applications such as outdoor photoshoots, sports events, film making, police patrolling, and surgeries.
The global 360-degree camera market, by region, has been segmented into North America, Europe, Asia-Pacific, the Middle East & Africa, and Central & South America. North America accounted for the largest market share of 33.32% in 2018, with a market value of USD 199.4 million; the market is expected to register the highest CAGR of 24.6% during the forecast period. Europe was the second-largest market in 2018, valued at USD 150.3 million; the market is projected to exhibit a CAGR of 24.9%. North America dominates the 360-degree camera market based on the region due to high demand for these cameras across verticals such as healthcare, industrial, automotive, and consumer electronics. Although there are no major players in this market from the European region, some of the new players such as Ricoh, Huawei, Nikon, and Fujifilm have marked their entry in the market and are working towards increasing their market share through various opportunities in the market. About Market Research Future: Market Research Future (MRFR) has created a niche in the world of market research. It is counted among the top market research companies that offer well-researched and updated market research reports and insights to businesses of all sizes. What sets us apart is our super-responsive team that offers quality work keeping clients abridged of the prospective challenges and opportunities in various markets. Our team is adept in their space as well as patiently listens to every client. The best part is they know their work inside out and possess the expertise to guide the client in the right direction and achieve results on a tight deadline. We are a one-stop solution for all your data research needs. Our team does not believe in the “one size fits all” approach to creating a report that is detailed and concise. We handle 13 industry verticals including Healthcare, Chemicals and Materials, Information and Communications Technology, Semiconductor and Electronics, Energy and Power, Food, Beverages & Nutrition, Automobile, Consumer and Retail, Aerospace and Defense, Industrial Automation and Equipment, Packaging & Transport, Construction, and Agriculture. With our unique approach for every market report, we aim to reach the zenith in qualitative business intelligence and syndicated market research. Our Forte
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