360-Degree Camera Market was valued at USD 776 Million in 2020 and is expected to reach USD 3066.5 Million by 2027 with a CAGR of 27.15% during the forecast period.
The base year considered for the study is 2018 and the forecast period is 2021-2027. The rising popularity of virtual reality games and increasing demand for virtual reality headsets are key factors that are expected to drive the growth of global 360-degree cameras during the forecast period.
A 360-Degree Camera is a camera having a field of view that covers roughly the whole sphere or at least a full circle in the horizontal plane. A 360-degree camera is also known as an omnidirectional camera in the photography field. Omnidirectional cameras are important in areas where large visual field coverage is needed, such as panoramic photography and robotics.
Global 360-Degree Camera Market report is segmented on the basis of connectivity, applications, resolutions, end-users, and by regional & country level. Based upon connectivity, the global 360-degree camera market is segmented into wired and wireless. Based on applications the 360degree camera market is segmented into media & entertainment, consumer, military & defense, travel & tourism, automotive, commercial, healthcare, and others. Based on resolutions the market is segmented into high definition and ultra-high definition. Based upon end users global 360-degree camera market is segmented into single and professional.
The regions covered in this 360-degree camera market report are North America, Europe, Asia-Pacific and the Rest of the World. On the basis of country level, the market of the 360-Degree Camera market is subdivided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, Middle East Asia (UAE, Saudi Arabia, Egypt) GCC, Africa, etc
Some major key players for global 360-Degree Camera market are Nikon, LG Electronics, 360fly, GoPro, Samsung Electronics, Insta360, Kodak, Ricoh, Rylo, Bubl, Xiaomi, Immervision, Digital Domain Productions, YI Technology, PANONO, AITBOT, Freedom360, Jaunt, Facebook, Humaneyes, Sony and Panasonic and others.
Market Dynamics –
Rapid introduction of technically advanced Virtual Reality (VR) devices, a growing number of VR gamers, and increasing requirement for 360 videos in media and entertainment sector are some of the major driving factors behind the growth of the 360-degree camera market. Moreover, growing awareness about the need for safety and security at public places and inexpensive prices of 360-degree cameras are the major drivers for the growth of the 360-degree camera market. However, the limitations of software and hardware and lack of proper compatibility with other devices are likely to restrain the growth of the market.
The global 360-Degree Camera market is segmented into North America, Europe, Asia-Pacific, Latin America, the Middle East and Africa, and Rest of the World. North America is expected to dominate in the 360-degree camera market due to their high demand in various applications such as healthcare, industrial, and consumer electronics in this region. Asia-Pacific region is expected to be the fastest-growing region for 360-degree camera market due to high adoption of virtual reality technologies in Japan and China. Europe region is anticipated to witness remarkable growth during the forecast period due to rising sale of gaming consoles in this region.
|Historical data||2015 - 2020|
|Forecast Period||2021 - 2027|
|Market Size in 2020:||USD 776 Million|
|Base year considered||2020|
|Forecast Period CAGR %:||
|Market Size Expected in 2027:||USD 3066.5 Million|
|Tables, Charts & Figures:||175|
Nikon, LG Electronics, 360fly, GoPro, Samsung Electronics, Insta360, Kodak, Ricoh, Rylo, Bubl, Xiaomi, Immervision, Digital Domain Productions, YI Technology, PANONO, AITBOT, Freedom360, Jaunt, Facebook, Humaneyes, Sony and Panasonic, and others.
|Segments Covered||By Connectivity, By Resolutions, By Application, By End-Users|
|Regional Analysis||North America, U.S., Canada, Europe, Germany, France, U.K., Italy, Spain, Sweden, Netherland, Turkey, Switzerland, Belgium, Rest of Europe, Asia-Pacific, South Korea, Japan, China, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest Of APAC, Latin America, Mexico, Colombia, Brazil, Argentina, Peru, Rest of South America, Middle East and Africa, Saudi Arabia, UAE, Egypt, South Africa, Rest Of MEA|
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