The global 360-degree camera market size is expected to reach USD 8.13 billion by 2030, registering a CAGR of 27.8% from 2024 to 2030, according to a new report by Grand View Research, Inc. The escalating frequency of security breaches and threats across public, commercial, and residential spaces is driving a surge in demand for 360-degree cameras. These cameras, integrated with advanced technologies, enhance surveillance capabilities and improve efficiency in monitoring large, open areas such as warehouses, parking lots, and retail locations. This trend is expected to fuel significant market expansion.
The automotive industry is rapidly adopting 360-degree cameras to enhance safety and convenience. These cameras offer a complete view of vehicles, reducing blind spots and aiding parking. Integration with ADAS and autonomous driving further drives demand. Beyond automotive, 360-degree cameras integrated with drones are revolutionizing agriculture, construction, and environmental monitoring industries. By capturing comprehensive visual data, these systems enable detailed analysis and decision-making.
Gather more insights about the market drivers, restrains and growth of the 360-degree Camera Market
The demand for high-resolution 360-degree cameras is increasing due to their ability to capture clear, detailed visuals. These cameras are used in various applications, including virtual tours, gaming, and social media. Improved image quality enhances user experiences and drives adoption. Players like GoPro, Insta360, and Samsung Electronics dominate the market. Driven by rapid technological advancements, manufacturers are continuously improving image quality, offering models capable of capturing up to 16K resolution. This innovation is fueling adoption
360-degree Camera Market Report Highlights:
- Based on connectivity, the wireless segment dominated the market in 2023 with a share of 51.02%, owing to the convenience, flexibility, and mobility of wireless connectivity
- Ultrahigh-definition held the largest market share of 64.85% in 2023. This is due to security needs and technological advancements crucial for infrastructure facilities, military organizations, and government agencies
- Media & entertainment application segment dominated the market with the largest revenue share of 31.82% in 2023 due to social media popularity and smartphone integration
- North America dominated the global market with a revenue share of 25% in 2023 due to consumer tech adoption, VR/AR popularity, and security needs. The U.S. is expected dominate the North America market
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List of Key Players in the 360-degree Camera Market
- 360fly
- Digital Domain Productions
- GoPro
- Insta360 (Arashi Vision Inc.)
- Kodak
- LG Electronics
- Nikon Corporation
- PANONO (Professional 360GmbH)
- Ricoh
- Samsung Electronics
- Xiaomi
- YI Camera Technology
About Grand View Research
Grand View Research is a full-time market research and consulting company registered in San Francisco, California. The company fully offers market reports, both customized and syndicates, based on intense data analysis. It also offers consulting services to business communities and academic institutions and helps them understand the global and business scenario to a significant extent. The company operates across multitude of domains such as Chemicals, Materials, Food and Beverages, Consumer Goods, Healthcare, and Information Technology to offer consulting services.
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