Press release
360 Degree Cameras Market Will Multiply At An Impressive CAGR By 2027 & Top Key Players LG Electronics, Samsung Electronics Co. Ltd., Nikon Corp., Gopro Inc., 360fly Inc. Ricoh Company Ltd., Nokia Corporation, Sphericam Inc., Giroptic Corp. And Bubl Techn
Global 360-Degree Camera Market reached at remarkable revenue of 2016 by registering a notable CAGR across the globe. Moreover, the market is expected to garner USD 19,008.5 Million by the end of 2024. Moreover, the global market is projected to grow on the back of factors such as increasing popularity of virtual reality videos, rising adoption in media & entertainment industry and wide range of applications. Additionally, implementation of 360-degree cameras in unmanned aerial vehicles in order to provide better visual experience is also expected to fuel the demand for 360-degree cameras in near future.
In application segment, media & entertainment and defense segments are witnessing huge demand. Use of VR videos to train troops and growing popularity of 3D movies are escalating the growth of these segments. Further, rising adoption of 360-degree cameras in defense sector for applications such as to provide real life simulation for training soldiers is a major factor which is displaying the potential of 360 degree cameras in defense applications. Media and Entertainment segment contributed around 17.6% market share of total 360-degree camera market in 2016.
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Technological Advancements
Further, technological advancements in 360 degree cameras such as vandal resistant, water proof and night vision are projected to expand the market size of 360 degree cameras in near future.
Wide Application Possibilities
360 degree cameras are equipped with some advanced video-monitoring features such as heat mapping, object recognition, tracking, locking onto a person or vehicle people counting and moving object removals. Further, such features are making 360 degree cameras ideal solution for video surveillance in different areas. Although, high cost associated with some 360-degree cameras products is expected to hamper the growth of 360-degree cameras market in developing regions. Apart from this, lack of technological maturity is major factors that may hinder the growth of 360-degree camera market over the next few years.
The report titled “Global 360 Degree cameras Market: Global Future Outlook (2016-2024) Demand Analysis & Opportunity Evaluation” delivers detailed overview of the global 360 degree cameras market in terms of market segmentation by end-user type, by connectivity type, by application, by distribution channel, by price range and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
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This report also provides the existing competitive scenario of some of the key players of the global 360 degree cameras market which includes company profiling of LG electronics, Samsung Electronics Co. Ltd., Nikon Corp., GoPro Inc., 360fly Inc. Ricoh Company Ltd., Nokia Corporation, Sphericam Inc., Giroptic Corp. and Bubl Technology Ltd. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global 360 degree cameras market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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Research Nester is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment etc. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decision so as to avoid future uncertainties.
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