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360-Degree Camera market Report Scope & Overview:

The 360-Degree Camera market size was valued at USD 1.5 billion in 2023 and is expected to reach at USD 10.37 billion by 2031, and grow at a CAGR of 27.32% over the forecast period of 2024-2031.

The 360-degree camera is very beneficial in cars these days due to the rise in the traffic all around the globe. 360-degree camera is not a single camera but it has multiple cameras which are located in every part of the car and installed in a software which further gives the driver a single view as a combination visualisation of multiple cameras in a single screen, the use of 360-degree camera is done mostly during when you are in the traffic where you don’t have a proper view of the distance of other vehicles beside you. The growth in the advanced technology in the automotive industry is considered as the driving factor and also the demand for the 360-camera degree in cars world wide is the major driving factor for 360-degree camera market. The rising concerns in the passengers regarding the safety of the cars also contributes towards the growth of the 360-degree camera market.

360-Degree Camera market Revenue Analysis

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Impact Of covid 19

Covid 19 had a severe impact on the automotive industry the major factors which contributed to the negative impact was the stop in the export of Chinese parts due to the lockdown rules imposed by the government worldwide, also the stop in large scale manufacturing due to the shut down of industries manufacturing plants.

The other factors include the effect on the global economic condition and also the economic conditions of the customers, 360camera degree is high functioning technology which can be seen in expensive cars as the covid made changes in the buying pattern of the customers people started thinking twice before spending which resulted in decline of the 360 degree camera market

Market Dynamics

Drivers

  • The benefits of the 360-degree camera as the safety concern among the customers using cars is increasing day by day and the rising demand of the 360-degree camera technology in cars .

Restrain

  • Technical errors due to the internal glitches

  • The meet the video quality expectation of the customers

Opportunities

  • The increase in the technology advancement in the automotive sector supported by the government

  •  The rise in the demand for the 360-degree camera technology among the passengers because of the benefits associated with the technology

Challenges

  • Capturing the exact view and giving providing the small details to the driver is the challenging factor.

Impact of Russia Ukraine War

The Russia Ukraine war had an negative impact on the automotive industry due to several factors the major one include value chain of the automotive industry which includes the disruption of the operational functioning of the automotive industry, also the export and import restriction imposed by the Russia and Ukraine government, Russia also faced severe issues like loss of infrastructure, and the major concerns were the investors thinking twice before investing in this region due to the war conditions also it hampered the market penetration strategy for many organizations. Also, the supply chain disruption cause by the Russia Ukraine war impacted the sales.

Impact of ongoing recession

The statements given by the Elon Musk, the recession will have an negative impact on the automotive industry due to the economic conditions of the nations which will result in decline of sales, as the customers have to pay extra for the 360 degree camera the recession will have a impact on the buying pattern of the people which will surely have a negative impact on the 360  degree camera market. Henceforth people may shift towards the lesser inexpensive availability of 360 degree camera in the market, mostly the refurbished one .

Market segmentation analysis

360-degree camera is mostly divided into three segments by connectivity type, by resolution and by verticals,  the most important segment is by the verticals which includes automotive, commercials, military, healthcare and many others, the adaption of advanced technology in each and every sector because of the useful benefits is the driving factor for 360-degree camera market .

Key Market Segmentation

By Connectivity Type

  • Wired

  • Wireless

By Resolution

  • HD

  • UHD

By Verticals

  • Automotive

  • Commercials

  • Military

  • Healthcare

  • Others

Regional Analysis

According to the report the North America is said to dominate the 360-degree camera market due to the rise in adaption of technology advancement  in the cities of north America as well as the emerging nations and the rise in the awareness of the 360-degree camera and the benefits of the same in almost every business vertical is the driving factor.

Whereas the APAC is also said to be the growing region due to the initiatives taken by the government regarding the technological advancement.

360-Degree Camera market By Region

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REGIONAL COVERAGE:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America 

KEY PLAYERS:

The major key players are GoPro, LG electronics, Samsung electronics, Ricoh, Insta360fly, Panasonic, Nikon, Xiomi, Sony, YI technology, immervision, Ponono, Facebook, and Other players.

Samsung electronics-Company Financial Analysis

Company Landscape Analysis

360-Degree Camera market Report Scope:
Report Attributes Details
Market Size in 2023  US$ 1.5 Billion
Market Size by 2031  US$ 10.37 Billion
CAGR   CAGR of 27.32% From 2024 to 2031
Base Year 2022 
Forecast Period  2024-2031
Historical Data  2020-2021
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Connectivity type (Wire, Wireless)
• By Resolution (HD, UHD)
• By Verticals Automotive Commercials, Military Healthcare Others)
Regional Analysis/Coverage North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America)
Company Profiles GoPro, LG electronics, Samsung electronics, Ricoh, Insta360fly, Panasonic, Nikon, Xiomi, Sony, YI technology, immervision, Ponono, Facebook
Key Drivers • The benefits of the 360-degree camera as the safety concern among the customers using cars is increasing day by day and the rising demand of the 360-degree camera technology in cars.
Market Challenges • Capturing the exact view and giving providing the small details to the driver is the challenging factor.

 

Frequently Asked Questions

Ans: The 360-Degree Camera Market is growing at a CAGR of 27.32% over the forecast period 2024-2031. 

Ans: The 360-Degree Camera Market included analysis of GoPro, LG electronics, Samsung electronics, Ricoh, Insta360fly, Panasonic, Nikon, Xiomi & other players

Ans: The 360-Degree Camera market size was valued at USD 1.5 bn in 2023.

The benefits of the 360-degree camera as the safety concern among the customers using cars is increasing day by day and the rising demand  of the 360-degree camera technology in cars .

An: The 360-Degree Camera market reports coveres analysis of north america, south america, Europe, Asia Pacific & Others

Table of Contents

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

4. Impact Analysis

4.1 COVID 19 Impact Analysis

4.2 Impact of the Ukraine- Russia war

4.3 Impact of ongoing Recession

 4.3.1 Introduction

4.3.2 Impact on major economies

4.3.2.1 US

4.3.2.2 Canada

4.3.2.3 Germany

4.3.2.4 France

4.3.2.5 United Kingdom

4.3.2.6 China

4.3.2.7 Japan

4.3.2.8 South Korea

4.3.2.9 Rest of the World

 4.4 Supply-Demand Analysis

4.4.1 Introduction

4.4.2 Pre Covid Supply-Demand Analysis

4.4.3 Post Covid

5. Value Chain Analysis

 

6. Porter’s 5 forces model

 

7. PEST Analysis

8. 360-Degree Camera Market Segmentation, by  connectivity Type

8.1 Wired

8.2 Wireless

9. 3 60-Degree Camera Market Segmentation, by Resolutions

9.1 HD

9.2 UHD

10 360-Degree Camera Market Segmentation, by Verticals

10.1 Automotive

10.2 Commercials

10.3 Military

10.4 Healthcare

10.5 Others

11. Regional Analysis

11.1 Introduction

11.2 North America

11.2.1 USA

11.2.1.1 USA 360-Degree Camera Market by Connectivity Type

11.2.1.2 USA 360-Degree Camera Market by Resolutions

11.2.1.3 USA 360-Degree Camera Market by Verticals

11.2.2 Canada

11.2.2.1 Canada 360-Degree Camera Market by Connectivity Type

11.2.2.2 Canada 360-Degree Camera Market by Resolutions

11.2.2.3 Canada 360-Degree Camera Market by Verticals

11.2.3 Mexico

11.2.3.1 Mexico 360-Degree Camera Market by Connectivity Type

11.2.3.2 Mexico 360-Degree Camera Market by Resolutions

11.2.3.3 Mexico 360-Degree Camera Market by Verticals

11.3 Europe

11.3.1 Germany

11.3.1.1 Germany 360-Degree Camera Market by Connectivity Type

11.3.1.2 Germany 360-Degree Camera Market by Resolutions

11.3.1.2 Germany 360-Degree Camera Market by Verticals

11.3.2 UK

11.3.2.1 UK 360-Degree Camera Market by Connectivity Type

11.3.2.2 UK 360-Degree Camera Market by Resolutions

11.3.2.3 UK 360-Degree Camera Market by Verticals

11.3.3 France

11.3.3.1 France 360-Degree Camera Market by Connectivity Type

11.3.3.2 France 360-Degree Camera Market by Resolutions

11.3.3.3 France 360-Degree Camera Market by Verticals

11.3.4 Italy

11.3.4.1 Italy 360-Degree Camera Market by Connectivity Type

11.3.4.2 Italy 360-Degree Camera Market by Resolutions

11.3.4.3 Italy 360-Degree Camera Market by Verticals

11.3.5 Spain

11.3.5.1 Spain 360-Degree Camera Market by Connectivity Type

11.3.5.2 Spain 360-Degree Camera Market by Resolutions

11.3.5.3 Spain 360-Degree Camera Market by Verticals

11.3.6 The Netherlands

11.3.6.1 Netherlands 360-Degree Camera Market by Connectivity Type

11.3.6.2 Netherlands 360-Degree Camera Market by Resolutions

11.3.6.3 Netherlands 360-Degree Camera Market by Verticals

11.3.7 Rest of Europe

11.3.7.1 Rest of Europe 360-Degree Camera Market by Connectivity Type

11.3.7.2 Rest of Europe 360-Degree Camera Market by Resolutions

11.3.7.3 Rest of Europe 360-Degree Camera Market by Verticals

11.4 Asia-Pacific

11.4.1 Japan

11.4.1.1 Japan 360-Degree Camera Market by Connectivity Type

11.4.1.2 Japan 360-Degree Camera Market by Resolutions

11.4.1.3 Japan 360-Degree Camera Market by Verticals

11.4.2 South Korea

11.4.2.1 South Korea 360-Degree Camera Market by Connectivity Type

11.4.2.2 South Korea 360-Degree Camera Market by Resolutions

11.4.2.3 South Korea 360-Degree Camera Market by Verticals

11.4.3 China

11.4.3.1 China 360-Degree Camera Market by Connectivity Type

11.4.3.2 China 360-Degree Camera Market by Resolutions

11.4.3.3 China 360-Degree Camera Market by Verticals

11.4.4 India

11.4.4.1 India 360-Degree Camera Market by Connectivity Type

11.4.4.2 India 360-Degree Camera Market by Resolutions

11.5.4.3 India 360-Degree Camera Market by Verticals

11.4.5 Australia

11.4.5.1 Australia 360-Degree Camera Market by Connectivity Type

11.4.5.2 Australia 360-Degree Camera Market by Resolutions

11.4.5.3 Australia 360-Degree Camera Market by Verticals

11.4.6 Rest of Asia-Pacific

11.4.6.1 APAC 360-Degree Camera Market by Connectivity Type

11.4.6.2 APAC 360-Degree Camera Market by Resolutions

11.4.6.3 APAC 360-Degree Camera Market by Verticals

11.5 The Middle East & Africa

11.5.1 Israel

11.5.1.1 Israel 360-Degree Camera Market by Connectivity Type

11.5.1.2 Israel 360-Degree Camera Market by Resolutions

11.5.1.3 Israel 360-Degree Camera Market by Verticals

11.5.2 UAE

11.5.2.1 UAE 360-Degree Camera Market by Connectivity Type

11.5.2.2 UAE 360-Degree Camera Market by Resolutions

11.5.2.3 UAE 360-Degree Camera Market by Verticals

11.5.3 South Africa

11.5.3.1 South Africa 360-Degree Camera Market by Connectivity Type

11.5.3.2 South Africa 360-Degree Camera Market by Resolutions

11.5.3.3 South Africa 360-Degree Camera Market by Verticals

11.5.4 Rest of Middle East & Africa

11.5.4.1 Rest of Middle East & Asia 360-Degree Camera Market by Connectivity Type

11.5.4.2 Rest of Middle East & Asia 360-Degree Camera Market by Resolutions

11.5.4.3 Rest of Middle East & Asia 360-Degree Camera Market by Verticals

11.6 Latin America

11.6.1 Brazil

11.6.1.1 Brazil 360-Degree Camera Market by Connectivity Type

11.6.1.2 Brazil Africa 360-Degree Camera Market by Resolutions

11.6.1.3 Brazil 360-Degree Camera Market by Verticals

11.6.2 Argentina

11.6.2.1 Argentina 360-Degree Camera Market by Connectivity Type

11.6.2.2 Argentina 360-Degree Camera Market by Resolutions

11.6.2.3 Argentina 360-Degree Camera Market by Verticals

11.6.3 Rest of Latin America

11.6.3.1 Rest of Latin America 360-Degree Camera Market by Connectivity Type

11.6.3.2 Rest of Latin America 360-Degree Camera Market by Resolutions

11.6.3.3 Rest of Latin America 360-Degree Camera Market by Verticals

12. Company Profile

12.1 GoPro

12.1.1 Market Overview

12.1.2 Financials

12.1.3 Product/Services/Offerings

12.1.4 SWOT Analysis

12.1.5 The SNS View

12.2 LG electronics

12.2.1 Market Overview

12.2.2 Financials

12.2.3 Product/Services/Offerings

12.2.4 SWOT Analysis

12.2.5 The SNS View

12.3 Samsung electronics

12.3.1 Market Overview

12.3.2 Financials

12.3.3 Product/Services/Offerings

12.3.4 SWOT Analysis

12.3.5 The SNS View

12.4 Ricoh

12.4.1 Market Overview

12.4.2 Financials

12.4.3 Product/Services/Offerings

12.4.4 SWOT Analysis

12.4.5 The SNS View

12.5, Insta 360

12.5.1 Market Overview

12.5.2 Financials

12.5.3 Product/Services/Offerings

12.5.4 SWOT Analysis

12.5.5 The SNS View

12.6 360fly

12.6.1 Market Overview

12.6.2 Financials

12.6.3 Product/Services/Offerings

12.6.4 SWOT Analysis

12.6.5 The SNS View

12.7 Panasonic

12.7.1 Market Overview

12.7.2 Financials

12.7.3 Product/Services/Offerings

12.7.4 SWOT Analysis

12.7.5 The SNS View

12.8 Nikon

12.8.1 Market Overview

12.8.2 Financials

12.8.3 Product/Services/Offerings

12.8.4 SWOT Analysis

12.8.5 The SNS View

12.9 Xiomi

12.9.1 Market Overview

12.9.2 Financials

12.9.3 Product/Services/Offerings

12.9.4 SWOT Analysis

12.9.5 The SNS View

12.10 Sony

12.10.1 Market Overview

12.10.2 Financials

12.10.3 Product/Services/Offerings

12.10.4 SWOT Analysis

12.10.5 The SNS View

12.10 YI technology

12.10.1 Market Overview

12.10.2 Financials

12.10.3 Product/Services/Offerings

12.10.4 SWOT Analysis

12.10.5 The SNS View

12.10 immervision,

12.10.1 Market Overview

12.10.2 Financials

12.10.3 Product/Services/Offerings

12.10.4 SWOT Analysis

12.10.5 The SNS View

12.10 Ponono,

12.10.1 Market Overview

12.10.2 Financials

12.10.3 Product/Services/Offerings

12.10.4 SWOT Analysis

12.10.5 The SNS View

12.10, Ponono,

12.10.1 Market Overview

12.10.2 Financials

12.10.3 Product/Services/Offerings

12.10.4 SWOT Analysis

12.10.5 The SNS View

13. Competitive Landscape

13.1 Competitive Benchmarking

13.2 Market Share analysis

13.3 Recent Developments

14. Use Case and Best Practices

15. Conclusion

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The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

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Primary Research

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Data Bank Validation

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