Global 360-degree Camera Market

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 2025-2032


Report ID: SQMIG45J2069 | Region: Global | Published Date: April, 2024
Pages: 197 | Tables: 145 | Figures: 78

360-degree Camera Market Insights

360-degree Camera Market size was valued at USD 1.51 Billion in 2023 and is poised to grow from USD 1.88 Billion in 2024 to USD 0 Billion by 2032, growing at a CAGR of 24.60% during the forecast period (2025-2032).

360-degree cameras use omnidirectional camera systems to simultaneously record views from all directions. The 360-degree capability of these cameras leads to an improved visual flow. This camera records a horizontal surface view of a 360-degree field. The excellent image quality allows for a high zoom level and potentially extremely high resolution. The usage of augmented and virtual reality in video games and other interactive entertainment is increasing, which is why 360 cameras are becoming more and more popular. These videos are often taken with one camera, or occasionally with a system of cameras and lenses. These camera setups are largely used in the film business.

The market for 360-degree cameras is being driven by the integration of these cameras with mobile devices as well as the growing tendency to watch real-time 4K and HDR video. In addition, an increase in the number of security lapses, theft, and burglary incidents in public, commercial, and apartment buildings is driving up product sales. These cameras are also used by the defence sector for monitoring and surveillance purposes. The lack of public awareness of 360-degree cameras is one of the key causes of their low adoption rate. These camera setups are too large to photograph close-up shots of small items or models. To provide a camera to track the surroundings, multiple lenses are positioned closely to one another in a ball or disk-shaped gear in a traditional 360-degree form in the camera.

The most difficult problems faced by 360-degree cameras include shooting in confined spaces and getting close-up shots of objects. The distance between the two cameras, which results in picture errors, generates the parallax effect. In the coming years, it's anticipated that hardware and software limitations, a lack of proper device compatibility, and high price of 360-degree cameras, may hinder the growth of this market.

Several 360-degree camera models are now being released by various tech businesses, each with their own price, ergonomics, size, and design. Customers can live stream 4K footage via Smartphone connectivity to prominent platforms with these solutions. This includes facial recognition, improved picture rates, night vision, and advanced image stability. High-quality picture sensors and expandable memory are also offered by the main rivals, which increases their efficiency and attracts a wider user base.

US 360-degree Camera Market is poised to grow at a sustainable CAGR for the next forecast year.

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360-degree Camera Market size was valued at USD 1.51 Billion in 2023 and is poised to grow from USD 1.88 Billion in 2024 to USD 0 Billion by 2032, growing at a CAGR of 24.60% during the forecast period (2025-2032).

The global 360-degree market is still in its budding stage so there is high scope of growth with the entry of new players. This is further projected to intensify the overall market competition. Merger and acquisition strategies are highly adopted by players along with increase in investments in research and development. The ability to live stream 4K videos to popular platforms using Android or iOS devices is provided by a number of manufacturers. 'Samsung Electronics Co., Ltd.', 'Ricoh Company, Ltd.', 'GoPro, Inc.', 'Nikon Corporation', '360fly Inc.', 'Eastman Kodak Company', 'LG Electronics Inc.', 'Insta360', 'Bubl Technology Inc.', 'Humaneyes Technologies Ltd.', 'Giroptic, Inc.', 'Detu', 'Garmin Ltd.', 'Panono GmbH', 'Insta 360', 'Vuze Camera', 'Nokia Corporation', 'ALLie Camera', 'SJCAM Limited', 'Kodak Pixpro SP360'

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.

The global market for 360-degree cameras is expanding as a result of the rising acceptance of VR headsets and the appeal of augmented and virtual reality content. The market is expanding because of the increasing demand for 360-degree films and photos for surveillance and security applications in public spaces. Consumers all around the world are keen to buy these cameras, which has contributed to the market's steady growth in recent years. These cameras have gained popularity among end-use sectors thanks to their user-friendliness, ability to share content across numerous platforms, and high-resolution 360-degree films, among other appealing characteristics. Manufacturers are releasing goods that can be easily shared on social media sites and are compatible with a variety of mobile devices, which is increasing demand. The addition of high-quality image sensors and expandable memory to 360-degree cameras makes them even more alluring. The increasing use of these cameras in autonomous vehicles by various well-known manufacturers is anticipated to boost the market for 360-degree cameras in a significant and profitable way. The market is also being helped by the expanding usage of these cameras in cars to provide smart views.

North America accounted for the largest share in 2022. The availability of a sizable number of producers making standalone cameras and rigs, combined with the willingness of customers to embrace technologically advanced products, are the main factors promoting this regional market. The rise of this region is also being fuelled by the expansion of VR gaming and the rising popularity of VR headsets in the United States and other countries in the region. This region is further anticipated to develop a faster growth rate in the coming years due to the high acceptance rate of innovative technologies and ongoing technological advancements in the consumer electronics market.

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Global 360-degree Camera Market

Report ID: SQMIG45J2069

$5,300
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