360 Degree Panoramic Camera Market 2018 Top Industry Drivers – Samsung, Nikon, Canon, Nokia, Ricoh, Sony, Bublcam, Panono, Teche and 360fly.

Panoramic cameras provide wide-area coverage with just a single camera. It is used to monitor activities and detect incidents in large areas, track the flow of people, improve area management, and have multiple image sensors. 360-degree panoramic camera is ideal for indoor and outdoor surveillance applications. These cameras are ideally suited for various applications, such as video surveillance at airport terminals and railway & metro stations, city surveillance installations such as monitoring public squares, security for critical infrastructure and industrial sites, video surveillance of university campuses & school halls, and shopping mall security both indoors & outdoor including the car parking.

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The market growth of 360-degree panoramic camera is driven by high demand for cost-effective camera to serve growth in advanced photography market, increase in digital photography market, and rise in demand for safety & security measures in public as well as the corporate places. Panoramic camera also provides a wide area coverage.

However, higher cost and more expensive nature of the 360-degree panoramic camera than the conventional IP cameras, and availability of limited software support services are estimated to hinder the market growth. In addition, low image quality of 360-degree panoramic camera is expected to limit the market growth.

Furthermore, high adoption of 360-degree panoramic camera featured with high image quality and low power consumption fuels the market growth and offers lucrative opportunities for the market.

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The 360-degree panoramic market is segmented based on product type, application, and region. Based on product, the market is divided into industrial camera and commercial camera. Further, based on application, it is divided into traffic-monitoring, grid layout, aerial scenery, and others. Based on region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Key players profiled in the report include Samsung, Ricoh, Nikon, Canon, Nokia, Sony, Bublcam, Panono, Teche and 360fly.

High resolution with fully automated stitching, high dynamic range of 360-degree panoramic camera, increase in demand for advanced photography market, and rise in demand for safety as well as security measures in public places and corporate houses are the significant factors that impact the growth of the global 360-degree panoramic camera market. These factors are anticipated to either drive or hamper the market growth.

The high dynamic range of 360-degree panoramic camera offers significant features which add traction to the market growth. Shots under difficult lighting conditions such as direct sunlight, cast shadow or spotlight are no longer a problem with the Panoramic 360-degree camera. High-contrast images are adequately captured, thus, preserving the special viewing experience.

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