Press release
360 Degree Panoramic Camera Market Size Forecast = USD 516.65 Billion By 2028 At A 23.89% CAGR
360 Degree Panoramic Camera market was valued at USD 115.33 Billion in 2021 and is expected to reach USD 516.65 Billion by the year 2028, at a CAGR of 23.89%.
With just a single camera a panoramic camera provides a wide area coverage. To obtain such angles, various technologies can be used, such as fisheye lenses, several sensors placed at different angles, and others. A 360 degree camera photo gives a controllable panoramic image that surrounds the original point. All 360 degree panoramic cameras provide a complete view. The 360-degree panoramic camera is used for both indoor and outdoor applications. The demand for 360- degree panoramic cameras is rising in various industries and is also a factor for market expansion. This camera is widely used for various applications such as video surveillance in railways, airports, malls school campuses, and other public areas. In the media and entertainment segment, these setups are widely used as it is simple to use and incredibly durable, making them ideal for a variety of shooting scenarios are some of the factors driving the growth of the market. 360- degree panoramic camera is one of the fixed cameras that provides an area of 360-degree resolution.
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The Report Will Include A Major Chapter
1. Patent Analysis
2. Regulatory Framework
3. Technology Roadmap
4. BCG Matrix
5. Heat Map Analysis
6. Price Trend Analysis
7. Investment Analysis
8. Company Profiling and Competitive Positioning
9. Industry Value Chain Analysis
10. Market Dynamics and Factors
11. Porter's Five Forces Analysis
12. Pestle Analysis
13. SWOT Analysis
Market Dynamics:
Driver:
The rising urbanization and industrialization, along with increasing disposable income coupled with growing demand for cost-effective cameras and increased trend of digital technology are the major driving factors of the 360-degree panoramic camera market. In recent years awareness about the necessity for safety and security at the corporate house also public places are increasing are a few other factors driving the growth of the 360-degree panoramic camera market.
Opportunities:
Lower power consumption and the development and introduction of 360-degree panoramic cameras with much better image quality drives will create significant opportunities for market players in the upcoming years.
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Market segmentation
By Type
• Industrial
• Commercial
By Verticals
• Media & Entertainment
• Consumers
• Healthcare
• Military & Defense
• Travel & Tourism
• Automotive
• Commercial
• Others
Regional Insights:
360 Degree panoramic camera market is growing with the emergence of advanced and virtual technology. North-America dominates the market with a market share of 45.36% and was estimated to have a market size of USD 33.82 billion in the year 2019. Due to the various industrial and commercial use of the product in the media and entertainment industry, the United States is expected to have a significant contribution in leading the 360 Degree panoramic camera market of North-America during the forecast period. The 360 Degree panoramic camera market is consolidated in the North-America region due to the presence of many supply-chain players in the region.
• North America (U.S., Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
• South America (Brazil, Argentina, Rest of SA)
Major Key Players Considered in the Market
• Samsung
• Nikon
• Nokia
• Bublcam
• Teche
• Ricoh
• Canon
• Sony
• Panono
• 360fly
• GoPro
• Insta360
• LG Electronics
• Kodak and other major players.
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The report on the global 360 Degree panoramic camera industry is presented in a straightforward manner, the statistical insights will help the user grasp the market's development patterns, crucial factors, and any loopholes which may affect the market expansion. The latest study from Introspective Market Research can help small & medium investors, equity firms, start-ups, and large manufacturers to understand the market. Besides, retailers, suppliers, and government agencies can also gain useful insights from the research study.
The report's analysis goals are as follows:
1. To determine the size of the global 360 Degree panoramic camera market by identifying its sub-sections.
2. To determine the size and forecast of the global 360 Degree panoramic camera market based on key factors.
3. To consider the major players and their future development strategies.
4. To investigate the Global 360 Degree panoramic camera Market in terms of growth patterns, opportunities, and their overall interest in the industry.
5. To estimate the size of the global 360 Degree panoramic camera market (in terms of volume and value) using data from the organization, fundamental locales/nations, products, and applications.
6. Important information about the overall Global 360 Degree panoramic camera Market share, organization size, and industry segments, as well as market growth, SWOT analysis, and future improvement plans.
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