360-Degree Camera Market, 2023 - Focus on Media & Entertainment, Consumer, Military & Defense, Travel & Tourism, Automotive, Commercial & Healthcare
DUBLIN, July 17, 2018 /PRNewswire/ --
The "360-Degree Camera Market by Connectivity Type (Wired and Wireless), Resolution (HD and UHD), Vertical (Media & Entertainment, Consumer, Military & Defense, Travel & Tourism, Automotive, Commercial, Healthcare) & Geography - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The 360-degree camera market is estimated to be worth USD 473.6 million by 2018 and is expected to reach USD 1,569.2 million by 2023, at a CAGR of 27.1% between 2018 and 2023.
The projected growth of this market can be attributed to the benefits of deploying 360-degree cameras in various applications and surge in the use of 360-degree cameras in the automotive sector.
This report segments the 360-degree camera market on the basis of connectivity type, resolution, camera type, vertical, and region. The market based on connectivity type has been segmented into wired and wireless. The market for wireless 360-degree cameras is expected to grow at a higher CAGR between 2018 and 2023. Wireless 360-degree cameras enable users to capture outdoor sports events and sceneries in real time. These cameras also provide a 360-degree panoramic view of the area around its point of installation and provide great HD or ultra-HD video quality. The 360-degree cameras featuring wireless technology offer more benefits over those having wired connectivity. Most camera manufacturers prefer manufacturing wireless 360-degree cameras owing to their usability in outdoor applications, especially in sports, traveling, and other entertainment purposes.
The 360-degree camera market based on resolution has been segmented into HD and UHD. The market for UHD 360-degree cameras is expected to grow at a higher CAGR during the forecast period. The 360-degree camera market is undergoing a rapid innovation compared to the market for other DSLR cameras, and many companies are manufacturing cameras with high resolutions such as 4K, 5.7K, and 8K for the better clarity image generation.
The 360-degree camera market based on camera type has been segmented into single and professional. The market for professional 360-degree cameras expected to grow at a high rate during the forecast period. Professional or semi-professional 360-degree cameras are capable of covering the entire visual scene. The market for professional 360-degree cameras is expected to grow at a high pace during the forecast period with the growing popularity of the VR technology where fully immersive and high-quality 360 content has always been in demand.
The 360-degree camera marker based on vertical has been segmented into consumer, military and defense, travel and tourism, media and entertainment, automotive, commercial, healthcare, and others. The consumer sector is expected to lead the 360-degree camera marketing terms of value. The rising demand for the professional 360-degree cameras and the growing adoption of these cameras in consumer electronics are some of the factors driving the growth of the 360-degree camera market.
North America is expected to dominate the 360-degree camera market, in terms of value, during the forecast period. The projected growth of the North American market is attributed to the high demand for these cameras in various verticals such as healthcare, industrial, automotive, and consumer electronics in the region. The global automotive and industrial sectors have more growth potential in North America than any other region. The inclination of consumers to adopt technologically advanced products and the presence of a large number of players manufacturing standalone cameras, as well as rigs, are the major factors contributing to the growth of the market in North America.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Attractive Growth Opportunities in 360-Degree Camera Market
4.2 360-Degree Camera Market, By Connectivity Type
4.3 360-Degree Camera Market, By Vertical
4.4 360-Degree Camera Market in North America, Camera Type
4.5 Growth of Leading Countries in 360-Degree Camera Market, 2018-2023
5 Market Overview
5.1 Introduction
5.2 Value Chain Analysis
5.2.1 Value Chain Analysis of 360-Degree Cameras
5.3 Market Dynamics
5.3.1 Drivers
5.3.1.1 Growing Popularity of AR and VR Content
5.3.1.2 Growing Awareness About the Need for Safety and Security at Public Places
5.3.1.3 Affordable Prices of 360-Degree Cameras
5.3.2 Restraints
5.3.2.1 Need for Large Bandwidth to Stream High-Quality 360-Degree Videos
5.3.3 Opportunities
5.3.3.1 Surge in the Use of 360-Degree Cameras in the Automotive Sector
5.3.3.2 Benefits of Deploying 360-Degree Cameras in Various Applications
5.3.4 Challenges
5.3.4.1 Parallax Effect and Other Difficulties While Capturing Small Objects
6 Components of 360-Degree Cameras
6.1 Introduction
6.2 Hardware
6.2.1 Image Sensor
6.2.2 Image Processor
6.2.3 Memory Device
6.2.4 Battery
6.2.5 Microdisplay
6.2.6 Others
6.3 Software
6.3.1 Apps for 360 Videos and Photos.
6.3.1.1 Smartphone Software for 360 Videos and Photos
6.3.1.2 Desktop Software for 360 Videos and Photos
7 360-Degree Camera Market, By Connectivity Type
7.1 Introduction
7.2 Wired
7.3 Wireless
8 360-Degree Camera Market, By Resolution
8.1 Introduction
8.2 High Definition (HD)
8.3 Ultra-High Definition (UHD)
8.3.1 4K
8.3.2 Above 4K (5.7K,8K, 16K)
9 360-Degree Camera Market, By Camera Type
9.1 Introduction
9.2 Single
9.3 Professional
10 360-Degree Camera Market, By Vertical
10.1 Introduction
10.2 Media & Entertainment
10.3 Consumer
10.4 Military & Defense
10.5 Travel & Tourism
10.6 Automotive
10.7 Commercial
10.8 Healthcare
10.9 Others
11 Geographic Analysis of 360-Degree Camera Market
12 Competitive Landscape
12.1 Introduction
12.2 Ranking Analysis of 360-Degree Camera Market Players
12.3 Competitive Situations and Trends
12.3.1 Product Launches and Developments
12.3.2 Partnerships and Collaborations
13 Company Profile
13.1 Key Players
13.1.1 Samsung Electronics
13.1.2 Ricoh
13.1.3 Gopro
13.1.4 Insta360
13.1.5 360fly
13.1.6 LG Electronics
13.1.7 Nikon
13.1.8 Kodak
13.1.9 Rylo
13.1.10 Bubl Technology
13.1.11 Xiaomi
13.2 Other Companies
13.2.1 Immervision
13.2.2 Digital Domain Productions Inc.
13.2.3 Yi Technology
13.2.4 Panono (Professional 360GmbH)
13.2.5 Aitbot (Shenzhen Hatoa Technology Co., Ltd.)
13.2.6 Freedom360
13.2.7 Jaunt
13.2.8 Facebook
13.2.9 Humaneyes Technologies
13.2.10 Sony
13.2.11 Panasonic
For more information about this report visit https://www.researchandmarkets.com/research/6sgtcn/360degree_camera?w=5
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