360-Degree Cameras are also known as Omni-directional cameras that capture and films the 360-degree angle of the surroundings using various lenses embedded on a golf ball-like structure. Such panorama capturing technology helps in enhancing the virtual reality experience that is generating a trend in 360-degree video streaming. However, issue of sphere camera lens is acting as a restraining factor for this market. Generating new marketing platform will add new market opportunities in the forecast period.
MARKET SCOPE
The "Global 360-Degree Camera Market Analysis to 2028" is a specialized and in-depth study with a special focus on the global market trend analysis. The report aims to provide an overview of the 360-degree camera market with detailed market segmentation by type, resolution, application, and geography. The report provides key statistics on the market status of the leading 360-degree camera market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
? Based on type, the global 360-degree camera market is segmented into budget cameras, middle range cameras, and high-end cameras.
? Based on resolution, the global 360-degree camera market is segmented into 1080p, 2K, 4K, and higher.
? On the basis of application, the market is segmented into sports, concert, film-making, and panoramic picture art.
MARKET DYNAMICS
Drivers:
? Technological advancements in the consumer elctronics is will boost the growth of the global 360-degree camera market.
? Increasing demand from the gaming industry and the film-making industry is likely to bolster the market growth.
Restraints
? Large bandwidth requirement to stream HDR and 4K resolution 360-degree videos may restrain the market growth.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The 360-degree camera market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the 360-degree camera market in these regions.
IMPACT OF COVID-19 ON 360-DEGREE CAMERA MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the 360-degree camera market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from 360-degree camera market are anticipated to lucrative growth opportunities in the future with the rising demand in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the 360-degree camera market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
? 360fly, inc.
? Detu
? Garmin ltd.
? Go Pro, Inc.
? Insta360.
? LG Electronics
? Nikon Corporation
? Ricoh Company ltd.
? Samsung Electronics Co., Ltd.
? YI Technology
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.