Press release
Omnidirectional Camera Market to Gain Impetus on Back of Growing Demand by 2025
The features of omnidirectional camera is that it can refocus continuously after taking a photo making it highly efficient for multiple shots. These omnidirectional camera give a real VR experience without any lag. It also supports features like live streaming ability with 360° VR production. This technology organizes images coming in from small cameras put together in a rig.
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The major driver for omnidirectional camera market is the increase in use of virtual reality technology in recent time. Virtual reality has made a huge impact in market and this has led to its involvement in smart phone market which all tougher drive the market of omnidirectional camera. As the technology in these types of cameras continues to improve, they are becoming increasingly more affordable to a wider segment of the video surveillance market. Similarly, higher resolutions and more affordable storage for video data make it more affordable to get increased amounts of coverage and detail at the same time.
The major challenge faced by the omnidirectional camera market is that it can still not be used for security purposes as it is a higher cost segment camera and is an easy target for theft in some regions.
Segmentation of Omnidirectional Camera Market on the basis of type the omnidirectional camera market can be segmented into catadioptric and dioptric omnidirectional camera market.
On the basis of application the omnidirectional camera market can be segmented in optical manufacturing, automation, biotechnology and healthcare, roboticists and media and entertainment. The segmentation by application tells about the area of application areas of these omnidirectional camera.
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Some of the key players of omnidirectional camera market are: Sphericam Inc, Panono, Bubl, Samsung, Theta S, Kodak , LG, Nikon, Panasonic, 360fly, ALLie, Drone Volt, Elmo, Garmin, Giroptic, GoPro, Insta360, Vuze, JAUNT and Orah.
On the basis of geography, Omnidirectional Camera market can be segmented into five key regions namely North America, Latin America, Europe, APAC and Middle East & Africa. Among various regions, the Omnidirectional Camera market in North America is expected to dominate during the forecast period owing to large number of companies set up in this region which uses VR technology for their devices. North America region is expected to be followed by Asia Pacific and Europe.
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