Market Highlights
The global 360-degree camera market spans across North America, Europe, Asia-Pacific, the rest of the world.
Advancements in consumer video devices and growing popularity of social sharing platforms are factors impacting the growth of the global 360-degree camera market during the forecast period. However, adoption of smartphones with high-end cameras is expected to impact market growth. 360-degree cameras also have applications in automotive. Crossovers such as the Nissan Qashqai, Peugeot 3008, and Skoda Karoq are types of vehicles based on family hatchbacks but have an increased ride height and are generally taller and broader. The biggest problem associated with such big cars is parking. Thus, 360-degree cameras are used in cars as it assists the driver in parking cars safely. Among these, Nissan was an early adopter of the 360 Degree Camera System Market.
The geographic analysis of the 360-degree camera market has been done for North America, Europe, Asia-Pacific, the rest of the world. North America has dominated the 360-degree camera market in 2018 and is expected to reach USD 963.1 million in 2026, with the highest CAGR of 24.55%. The regions of Asia-Pacific and Europe are also expected to witness significant growth over the forecast period.
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In North America, the US accounted for the largest market share in 2018. The population of the US has high disposable income and consumer electronics market in the country is also highly developed and mature are some of the major factors, which are driving the growth of the 360-degree camera market in the region. Europe is expected to register steady growth in the 360-degree camera market during the forecast period owing to the increasing social media content sharing trend has increased the ownership of digital cameras. The region, by country, has been segmented into the UK, Germany, France, and the rest of Europe. Asia-Pacific has the highest CAGR for the 360-degree camera market based on the region due to hub for manufacturing of electronic components which reduces the manufacturing costs of these cameras. consumers in China, India, Japan, South Korea, Singapore, Taiwan, and other countries in the region. Additionally, growing investments by key market players operating in this region significantly contribute towards the market growth. Furthermore, the rising trend of content sharing over social media platforms in the region stimulates market growth. The rest of the world held the fourth position in terms of market share in 2018. The market growth in this region is currently stagnant due to the presence of emerging economies. However, the market is expected to experience a growing trend in the future due to Highly active social media users and rising popularity of social networking sites for sharing photos and videos. The region has been segmented into the Middle East & Africa and South America.
Sample the market data and market information presented through more than 30 market data tables and figures spread over 152 numbers of pages of the project report. Avail of the in-depth table of contents TOC & market synopsis on “The Global 360-Degree Camera Market Research Report—Forecast till 2026”.
Global 360-Degree Camera Market: Segmentation
The global 360-degree camera market has been segmented based on component, connectivity type, resolution, camera type, vertical, and region. Based on component, the global market has been segmented into hardware, and software. By connectivity type, the market has been segmented into wired and wireless. Based on resolution, the market has been bifurcated into high definition and ultra-high definition. By camera type, the market has been segmented into personal and professional. Based on Vertical, the global 360-degree camera market has been segmented into media & entertainment, military & defense, travel & tourism, automotive, commercial, healthcare, and others.
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.
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