Press release
360 Degree Camera Market Key Players - LG Electronics, Nikon Corporation, Samsung Electronics by Forecast to 2023
The 360 degree camera are widely used in robotic applications which resolves the simultaneous localization and mapping (SLAM) problems visually. Additionally, the ability of camera to capture omnidirectional view increases the demand in all different verticals. However, increase in number of virtual reality technology in media & entertainment industry for high resolution images , transformation of 360 degree view to landscape image and increase implementation of 360 degree market for gaming industry are anticipated to be major drivers of 360 degree camera market over the forecast period.
On the other hand, high cost of the camera and lack of compatibility with other technologies are presumed to hinder the growth of 360 Degree Camera Market over the forecast period.
Major Key Players:
Some of the major players in Global 360 degree camera market include Canon Inc. (Japan), Gopro, Inc. (U.S.), Samsung Electronics Co., Ltd. (South Korea), Sony Corporation (Japan), Panono Gmbh (Germany), Sony Corporation (Japan), Apple Inc. (U.S.), Insta360.com(China), Guopai Technology ( China), and 360fly Inc.(U.S.) among others, are profiled in MRFR Analysis and are at the forefront of competition in the global 360 degree camera market.
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Industry News
November 2017, Apple Inc, updated the Clips by launching immersive 360 degree selfies on iPhone X. Clips, an app for iOS developed to share and create fun videos, have been updated to provide different artistic styles , effects and redesigned interface that makes it feasible to capture and modify the videos. The selfie scene is a new and enhanced feature that places users into animated, 360-degree scenes while recording selfies.
October 2017, Samsung introduced 360 HQ camera for live streaming 3D content for virtual reality. For streaming high quality 3D content for professional experts and enthusiast for virtual reality experience, Samsung electronics launched 360 round camera in the market. The 360 camera include 17 lenses -eight stereo pairs positioned horizontally and one single lens positioned vertically—to live stream 4K 3D video and spatial audio, and create engaging 3D images with depth.
360 Degree Camera Market Global Market - Segmentation
Segmentation by Phone Support: Android and IPhone
Segmentation by Technology Adopter: Innovators, Early adopters and Early majority.
Segmentation by End User: Professional users and Individual users.
Segmentation by Distribution Channels: Online Stores, Single-Brand Store and Multi-Brand Store
Segmentation by Applications: Commercial, Industrial, Residential, Healthcare, Military & Defence and Others
Segmentation by Region: North America, Europe, Asia Pacific, and Rest of the World.
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360 degree camera Market Global Market - Regional Analysis
North America is expected to dominate the global 360 degree camera market with the largest market share in the region. This is attributed to increase in demand for drone applications and surging need for the security & surveillance purpose at public places. The U.S and Canada are the leading countries in the North America region. Asia Pacific region is expected to be the fastest growing region in 360 degree camera market. China, Republic of Korea, Taiwan and Japan are leading nations in 360 degree camera market owing to large number of camera manufacturers and enhanced demand for high resolution images in media & entertainment and military & defense sectors. Additionally, Europe is expected to have substantial growth of the 360 degree camera market owing to advanced technological infrastructure in the region.
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