360-degree Camera Market by Application, End-user, and Geography - Forecast and Analysis 2021-2025

  • Published: Apr 2021
  • Pages: 120
  • SKU: IRTNTR40632
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The 360-degree camera market has the potential to grow by USD 1.68 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 26.73%.

This 360-degree camera market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by end-user (professional and non-professionals), application (filmmaking, events, and others), and geography (North America, Europe, APAC, South America, and MEA). The 360-degree camera market report also offers information on several market vendors, including Alphabet Inc., Fujitsu Ltd., Huawei Investment and Holding Co. Ltd., Koninklijke Philips NV, LG Electronics Inc., Panasonic Corp., Ricoh Co. Ltd., Samsung Electronics Co. Ltd., Shenzhen Arashi Vision Co. Ltd., and Sony Corp. among others.

What will the 360-degree Camera Market Size be in 2021?

360-degree-Camera-Market-Market-Size-2020-2025

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360-degree Camera Market: Key Drivers and Trends

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The improving demand for VR headsets is notably driving the 360-degree camera market growth, although factors such as hardware and software limitations of 360-degree cameras may impede market growth. To unlock information on the key market drivers and the COVID-19 pandemic impact on the 360-degree camera industry get your FREE report sample now.

  • The demand for VR headsets content is increasing in the gaming and entertainment industry because of its ability to create a simulated environment through synchronized sound and sight and data suites.
  • The rising demand for VR headsets has encouraged content makers to develop different types of VR content, ranging from art and culture to entertainment.
  • Several production houses are offering VR content in the form of short videos and films.
  • Companies such as Jaunt are creating short VR content and building a distribution network, where companies can use the VR content to promote their products.
  • The increasing demand for VR headsets will boost the popularity of VR content and consequently drive the growth of the 360-degree camera market.
  • The enhanced consumer experience provided by VR and 360-degree videos will be one of the significant factors fueling 360-degree camera market growth during the forecast period.
  • 360-degree videos stimulate real-life behavior and allow users to explore the virtual world while being seated in one place.
  • VR is increasingly being used in the medical, military, and aviation sectors for providing practical experience of the subject to students and trainees.
  • VR content creators use 360-degree cameras to tell compelling stories through videos.
  • Several companies are entering into partnerships and mergers with companies to contribute to the VR technology in the hardware and software segments.

This 360-degree camera market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. Get detailed insights on the trends and challenges, which will help companies evaluate and develop growth strategies.

Who are the Major 360-degree Camera Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Alphabet Inc.
  • Fujitsu Ltd.
  • Huawei Investment and Holding Co. Ltd.
  • Koninklijke Philips NV
  • LG Electronics Inc.
  • Panasonic Corp.
  • Ricoh Co. Ltd.
  • Samsung Electronics Co. Ltd. 
  • Shenzhen Arashi Vision Co. Ltd.
  • Sony Corp.

 

The 360-degree camera market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the 360-degree camera market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for 360-degree Camera Market?

360-degree-Camera-Market-Market-Share-by-Region-2020-2025

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36% of the market’s growth will originate from North America during the forecast period. The US is a key market for 360-degree cameras in North America. Market growth in this region will be faster than the growth of the market in MEA and South America.

The growing popularity of VR games, an increasing number of studios creating immersive 360-degree movies, and the launch of technologically advanced VR devices will facilitate the 360-degree camera market growth in North America over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

What are the Revenue-generating End-user Segments in the 360-degree Camera Market?

360-degree-Camera-Market-Market-Share-by-End-2020-2025

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The 360-degree camera market share growth by the professional segment will be significant during the forecast period. Fetch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the 360-degree camera market size.

 

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What are the Key Factors Covered in this 360-degree Camera Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive 360-degree camera market growth during the next five years
  • Precise estimation of the 360-degree camera market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the 360-degree camera industry across North America, Europe, APAC, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of 360-degree camera market vendors

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360-degree Camera Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 27%

Market growth 2021-2025

$ 1.68 billion

Market structure

Fragmented

YoY growth (%)

18.45

Regional analysis

North America, Europe, APAC, South America, and MEA

Performing market contribution

North America at 36%

Key consumer countries

US, China, Japan, UK, and France

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Alphabet Inc., Fujitsu Ltd., Huawei Investment and Holding Co. Ltd., Koninklijke Philips NV, LG Electronics Inc., Panasonic Corp., Ricoh Co. Ltd., Samsung Electronics Co. Ltd. , Shenzhen Arashi Vision Co. Ltd., and Sony Corp.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Five Forces Summary
    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Application

    • Market segments
    • Comparison by Application
    • Filmmaking - Market size and forecast 2020-2025
    • Events - Market size and forecast 2020-2025
    • Others - Market size and forecast 2020-2025
    • Market opportunity by Application

    Market Segmentation by End-user

    • Market segments
    • Comparison by End user
    • Professional - Market size and forecast 2020-2025
    • Non-professionals - Market size and forecast 2020-2025
    • Market opportunity by End user

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • North America - Market size and forecast 2020-2025
      • Europe - Market size and forecast 2020-2025
      • APAC - Market size and forecast 2020-2025
      • South America - Market size and forecast 2020-2025
      • MEA - Market size and forecast 2020-2025
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Vendor landscape
      • Landscape disruption
      • Competitive Scenario

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • Alphabet Inc.
      • Fujitsu Ltd.
      • Huawei Investment and Holding Co. Ltd.
      • Koninklijke Philips NV
      • LG Electronics Inc.
      • Panasonic Corp.
      • Ricoh Co. Ltd.
      • Samsung Electronics Co. Ltd. 
      • Shenzhen Arashi Vision Co. Ltd.
      • Sony Corp.

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      Research Framework

      Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

      TechnavioINFORMATION SOURCES

      Primary sources

      • Manufacturers and suppliers
      • Channel partners
      • Industry experts
      • Strategic decision makers

      Secondary sources

      • Industry journals and periodicals
      • Government data
      • Financial reports of key industry players
      • Historical data
      • Press releases
      Technavio

      TechnavioDATA ANALYSIS

      Data Synthesis

      • Collation of data
      • Estimation of key figures
      • Analysis of derived insights

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts
      Technavio

      TechnavioREPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
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      The 360-degree camera market growth will increase by $1627.14 million during 2019-2024.
      The 360-degree camera market is expected to grow at a CAGR of 29.34% during 2019-2024.
      Technavio has segmented the 360-degree camera market by end user (Professional and Non-professionals) and geographic (North America, Europe, APAC, South America, and MEA).
      Alphabet Inc., Fujitsu Ltd., Huawei Investment and Holding Co. Ltd., Koninklijke Philips NV, LG Electronics Inc., Panasonic Corp., Ricoh Co. Ltd., Samsung Electronics Co. Ltd. , Shenzhen Arashi Vision Co. Ltd., Sony Corp. are a few of the key vendors in the 360-degree camera market.
      North America will register the highest growth rate of 37.41% among the other regions. Therefore, the 360-degree camera market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
      • US
      • Japan
      • South Korea (Republic of Korea)
      • UK
      • France
      The key factors driving the 360-degree camera market growth are:
      • Declining price of 360-degree cameras
      • Development of virtual theme parks
      The 360-degree camera market vendors should focus on grabbing business opportunities from the professional segment as it accounted for the largest market share in the base year.
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