$ 1.68 Billion growth expected in 360-Degree Camera Market | 18.45% YOY growth in 2021 amid COVID-19 Spread | North America to Notice Maximum Growth | Technavio
NEW YORK, May 4, 2021 /PRNewswire/ -- The global 360-degree camera market by end-user (professional and non-professionals), application (filmmaking, events, and others), and geography (North America, Europe, APAC, South America, and MEA) has been added to Technavio's offering. The global 360-degree camera market is expected to grow by USD 1.68 billion, registering a CAGR of almost 27% during 2021-2025.
The imposition of lockdowns negatively affected and delayed manufacturing activities across the world. This negatively impacted the sales of 360-degree cameras in 2020. However, the market is expected to recover in 2021 with the implementation of social distancing measures and the growing demand for VR games.
The market is expected to be driven by factors such as the improving demand for VR headsets led by the growth of the VR content market and enhanced consumer experience.
The report also offers information on the upcoming trends and challenges that will influence market growth.
360-Degree Camera Market: Opportunities
360-Degree Camera Market: Segmentation by End-user
360-Degree Camera Market: Segmentation by Geography
One of the fortune 500 companies had used the detailed research report on the 360-degree camera market and had decided to increase their market share in the North American region which offers the highest market opportunities during the forecast period.
Explore more about market opportunities: Enquire about the report before purchasing
360-Degree Camera Market: Major Vendors
The company offers 360 camera support for Facebook recording, YouTube live streaming with video resolution of 2048 x 1024 30 fps and still image resolution of 2304 x 1152.
Huawei Investment and Holding Co. Ltd.
The company offers a portable 360-degree camera that supports convenient social media sharing. With dual 13MP cameras, it can take 5K photos and 2K videos at 30fps.
Koinklijke Philips NV
The company offers a 360-degree camera for a true 360 degree Full HD panoramic view showing no dead angles, including interior and exterior monitoring.
LG Electronics Inc.
The company offers the LG 360 CAM. It helps to record full 13 MP 360-degree photos and 360-degree video in 2K. It also allows smartphones to be used as remote controls to see what is being recorded in real-time.
The company offers a 360-degree hemisphere view camera featuring a high resolution 12 MP sensor, in-camera dewrapping, video analytics, intelligent dynamic noise reduction, and other features.
Along with the market data, Technavio offers customizations as per the specific needs of companies. The following customization options are available for the 360-degree camera market report:
Market Player Information
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Five Forces Analysis
Market Segmentation by Application
Market Segmentation by End-user
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