Global 360-Degree Camera
Market By Application (Residential,
Commercial, Industrial, Healthcare, Defense, Media & Entertainment, Others)
By End User (Professional,
Individuals) By Distribution Channels
(Online Stores, Single-Brand Store, Multi-Brand Store) and
Region - Global Forecast to 2024
360-degree camera is an image
recorder which captures 360-degree field of view in horizontal plane.
360-degree cameras are able to capture the light rays which are falling on
camera’s focal points through a sphere. These cameras can shoot 360-degree
picture or video of any place. 360-degree camera is a great tool for different kind
of applications such as video surveillance and investigation of architectural
places. Apart from this, 360-degree camera is perfect gadget for making virtual
reality videos and for mapping purposes.
Market Size & Forecast
Global 360-degree camera market is
expected to flourish at a compound annual growth rate (CAGR) of 34.4 % over the
forecast period i.e. 2017-2024. Rising popularity of virtual reality games and
increasing demand for virtual reality headset are key factors which are
expected to foster the growth of global 360-degree camera during the forecast
period.
In terms of region, global
360-degree camera market is segmented into five major regions i.e. North
America, Europe, Asia-Pacific, Latin America and Middle East & Africa
region. In terms of share, North America region stood with highest share of
global 360-degree camera in 2016. The growth of North America region can be
attributed to various factors such as rising reputation of virtual reality
games and presence of some of the major players of virtual reality gaming world
such as Sony and Microsoft in this region. Apart from this, Asia-Pacific is
expected to be the fastest growing region for 360-degree camera
market during the forecast period owing to
the high adoption of virtual reality technologies in Japan and China. Europe
region is anticipated to witness a remarkable growth during the forecast period
due to rising sale of gaming console in this region.
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Market Segmentation
Our-in depth analysis of the global
360-degree camera market includes the following segments:
By Application
·
Residential
·
Commercial
·
Industrial
·
Healthcare
·
Defense
·
Media & Entertainment
·
Others
By End User
·
Professional
·
Individuals
By Distribution Channels
·
Online Stores
·
Single-Brand Store
·
Multi-Brand Store
By Region
Global 360-degree camera market is
further classified on the basis of region as follows:
·
North America (U.S. & Canada)
Market size, Y-O-Y growth & Opportunity Analysis
·
Latin America (Brazil, Mexico, Rest
of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
·
Europe (U.K., Germany, France,
Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, Rest of Western
Europe) Market size, Y-O-Y growth & Opportunity Analysis
·
Asia-Pacific (China, India, Japan,
Singapore, Australia, New Zealand, Rest of Asia) Market size, Y-O-Y growth
& Opportunity Analysis.
·
Middle East and Africa (GCC, North
Africa, South Africa and Rest of Middle East) Market size, Y-O-Y growth &
Opportunity Analysis.
Growth Drivers & Challenges
The growth of global 360-degree
camera market is primarily driven by rising popularity of virtual reality
headsets coupled with increasing number of virtual reality gamers across the
globe. Additionally, 360-degree cameras are very helpful tool to record videos
for virtual reality headset device. Further, these cameras are highly used in
virtual reality gaming also. Thus, rising penetration of 360-degree camera in
virtual reality world is likely to drive the growth of global 360-degree camera
market in near future.
Construction of new virtual reality
theme park is also a major factor driving the growth of global 360-degree
camera market. China has launched the very first virtual reality theme park
called SoReal Theme Park. Rising popularity of virtual reality in Asian
countries such as China and Japan is likely to foster the growth of 360-degree
camera market. Moreover, rising adoption of 360-degree cameras in defense
sector in order to provide real life simulation for training soldiers is likely
to foster the growth of global 360-degree
camera market.
Rising
number of industries introducing technologically advanced virtual reality
devices in market is likely to drive the growth of global 360-degree camera
market during the forecast period.
However, problems associated with
360-degree camera such as dull quality of video, lack of compatibility with
other technologies are likely to dampen the growth of global 360-degree camera
market in near future. Moreover, high cost of 360-degree cameras is also a
major challenge which is expected to hinder the growth of global 360-degree
camera market in near future.
Key Player
·
LG electronics
o
Company Overview
o
Key Product Offerings
o
Business Strategy
o
SWOT Analysis
o
Financials
·
Samsung
·
Nikon
·
GoPro
·
360fly
·
Bublcam
·
Giroptic
·
Facebook
·
Immersive Media Company
·
Nokia
·
Ricoh
·
Sphericam
Scope & Context
Overview of the Parent Market
Analyst View
Segmentation
The global 360-degree camera market
is segmented as follows:
·
By Distribution Channel Market Size
& Y-O-Y Growth Analysis
·
By End User Market Size & Y-O-Y
Growth Analysis
·
By Application Market Size &
Y-O-Y Growth Analysis
·
By Region Market Size & Y-O-Y
Growth Analysis
Market Dynamics
Supply & Demand Risk
Competitive Landscape
Porter’s Five Force Model
Geographical Economic Activity
Key Players (respective SWOT
Analysis) and their Strategies and Product Portfolio
Recent Trends and Developments
Industry Growth Drivers and
Challenges
Key Information for Players to
establish themselves in current dynamic environment
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Article Source:- http://www.researchnester.com/blog/global-360-degree-camera-market-2016-2024-research-nester/
Name:- Ajay Daniel
Email: ajay.daniel@researchnester.com
U.S. +1 646 586 9123
U.K. +44 203 608 5919
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