360-degree Camera Market Size, Share, Growth Analysis, By Connectivity Type(Wired, and Wireless.), By Resolution(High Definition (HD), and Ultra-high Definition (UHD).), By Camera Type(Single, and Professional.), By Vertical(Media & Entertainment, Consumer, Military & Défense, Travel & Tourism), By Application(Traffic-Monitoring, Grid Layout, and Aerial Scenery.), By Region - Industry Forecast 2024-2031

Drivers:

Affordable Prices of 360-degree cameras

• The event can be recorded for viewers using a 360-degree camera. Since 360-degree cameras are now reasonably priced, users can easily purchase them to get a complete view of their surroundings. The integration of these cameras with mobile devices and rising interest in watching real-time 4k and HDR content are driving up demand for 360-degree cameras.

Improving Demand for VR Headsets

• The market for 360-degree cameras is expanding as demand for VR headsets increases. The greatest consumer of VR content is the gaming industry. Additionally, the growth and introduction of serialised content has changed the traditional entertainment sector. VR content creators are creating a variety of genres, from entertainment to art and culture.

Restraint:

Need for large bandwidth to stream high-quality 360-degree videos

• In verticals such media and entertainment, sports, and entertainment, there is a growing demand for high-resolution monitoring and frame rates for the better-quality image. Large bandwidth is now required to transmit 360-degree films of the highest quality since they were first introduced. The bandwidth used by 360-degree videos is four to five times greater than that of conventional 2D videos. Considering that they are omnidirectional, 360-degree cameras frequently record images from all angles.