360-Degree Camera Market Insights:
From 2022 to 2030, the 360-degree camera market is anticipated to grow at a CAGR of 24.6%. By 2030, it is anticipated that the market for 360-degree cameras would be worth around USD 2.5 billion. An omnidirectional camera, often known as a 360-degree camera, is a small, portable device that allows users to capture a 360-degree field view in the horizontal plane or a visual field of the whole sphere. Two fisheye lenses with a minimum 180-degree field of view are normally positioned on either side of the camera's body. Similar to digital single-lens reflex (DSR), action, and mirrorless cameras, the wireless 360-degree camera may connect to cellphones through Wi-Fi or Bluetooth. It facilitates and expedites the editing, transferring, post-processing, and posting processes for social media.
Users may capture every aspect of the events for viewers with a 360-degree camera. Users may easily buy 360-degree cameras to gain a full picture of their surroundings because they are now affordably priced. The integration of 360-degree cameras with mobile devices and consumers' growing appetite for real-time 4K and HDR content have raised the demand for these cameras. The creation and sharing of 360-degree movies by users is encouraged on popular social networking sites like Facebook and YouTube, which enable 360-degree camera material.
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360-Degree Camera Market Key Players:
- YI Technology,
- Immervision, Nikon,
- Xiaomi,
- GoPro,
- 360fly,
- LG Electronics,
- Samsung Electronics,
- PONONO (Professional 360 GmbH),
- Digital Domain Productions.
360-Degree Camera Market Regional analysis:
The North American, European, Asia-Pacific, and Rest of the World regions make up the market. The largest share of the market was in North America. The region with the greatest CAGR throughout the predicted period will be Asia-Pacific.
In 2021, North America had the majority of the market share. The growing popularity of photography in the area is one of the key factors driving demand for 360-degree cameras. There has been a rise in demand for 360-degree cameras in the area as photography has become more widely available and more reasonably priced.
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The market's fastest growth rate in 2021 was in Asia-Pacific. Consumer spending is expected to rise as a result of rising technological improvements such high definition (HD) 360-degree cameras and sensory automation, which are expected to promote the growth of the 360-degree camera market in the Asia-Pacific region.
Market Segmentation
Insights on Connectivity Type: There are wired and wireless connections in the market segmentation for 360 degree cameras. In the wired category, the 360-degree camera market growth was very strong in 2021. Wired cameras are connected to a power source and an internet connection through cables. This sort of camera is widely used in picture studios.
Resolution insights: HD and UHD are the segments of the market for 360 degree cameras based on resolution. The high definition (HD) market category held the biggest market share in 2021. The HD 360-degree camera's enhanced clarity can result in a less fuzzy image on the screen. High definition also has the advantages of better motion and more bright, natural-looking colours (HD).
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Camera Kind Insights: The market is split into single and professional categories based on the type of camera. Since they can shoot wide-angle 360-degree high-quality photographs, professional cameras led the 360-degree camera market in 2021. They increase security and situational awareness while being very effective.
Vertical Insights: The 360-degree camera market has been divided into several vertical segments, including media entertainment, consumer goods, military defence, travel tourism, the automobile industry, business, healthcare, and others.
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