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The global 360-degree camera market was valued at US$ 714 Million in 2020.
We expect the global 360-degree camera market to grow at a CAGR of around 25% during 2021-2026.
The rising preferences for virtual and augmented reality (AR/VR) in video games and the growing need for advanced monitoring, surveillance, and detecting suspicious activities, represent some of the factors driving the global 360-degree camera market.
Sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in temporary shutdown of numerous manufacturing units and disrupted supply chains for 360-degree cameras, thereby hampering the overall market growth.
Based on the resolution, the global 360-degree camera market has been divided into high-definition (HD) and ultra-high-definition (UHD), where high-definition (HD) currently accounts for the largest market share.
Based on the distribution channel, the global 360-degree camera market can be segmented into online stores, single-brand stores, and multi-brand stores. Among these, multi-brand stores exhibit a clear dominance in the market.
Based on the connectivity type, the global 360-degree camera market has been bifurcated into wired camera and wireless camera. Currently, wireless cameras hold the majority of the total market share.
Based on the camera type, the global 360-degree camera market can be categorized into single and professional, where single camera type currently accounts for the majority of the total market share.
Based on the vertical, the global 360-degree camera market has been segregated into media and entertainment, consumer, military and defense, travel and tourism, automotive, commercial, healthcare, and others. Among these, the media and entertainment sector holds the largest market share.
Based on the application, the global 360-degree camera market can be divided into traffic-monitoring, grid layout, aerial scenery, and others. Currently, aerial scenery exhibits a clear dominance in the market.
On a regional level, the market has been classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America, where North America currently dominates the global market.
Some of the major players in the global 360-degree camera market include 360fly, Inc., Bubl Technology Inc., GoPro Inc., Insta360 (Arashi Vision Inc.), Eastman Kodak Company, LG Electronics Inc., Nikon Corporation, Nokia Corporation, Professional360 GmbH (Panono), Ricoh Company Ltd., Rylo, Inc., Samsung Electronics Co. Ltd., Sony Corporation and Xiaomi Group.
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