According to MarketsandMarkets’ research report, “360-Degree Camera Market by Connectivity Type, Resolution, Vertical, and Geography - Global Forecast to 2023", the overall market is estimated to reach $1,569.2 million by 2023 from $473.6 million by 2018, at a CAGR of 27.1% between 2018 and 2023. The growing awareness about the need for safety and security at public places and affordable prices of 360-degree cameras are the major drivers for the growth of the 360-degree camera market.
- Wired technology to hold major share of 360-degree camera market during forecast period
- Market for media and entertainment to grow at high CAGR between 2018 and 2023
- North America expected to hold major share of 360-degree camera market between 2018 and 2023
- Samsung Electronics (South Korea), Ricoh (Japan), GoPro (US), Insta360 (China), 360fly (US), LG Electronics (South Korea), Nikon (Japan), Kodak (US), Rylo (US), Bubl (Canada), and Xiaomi (China) are the major players in the 360-degree camera market. The report profiles of companies such as Immervision (Canada), Digital Domain Productions (US), YI Technology (US), PANONO (Professional 360GmbH) (Germany), AITBOT (Shenzhen Hatoa Technology (China), Freedom360 (US), Jaunt (US), Facebook (US), Humaneyes (Israel), Sony (Japan), and Panasonic (Japan).
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