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The 360-degree Camera Market size was valued at USD 1.50 billion in 2023. It is expected to reach USD 13.18 billion by 2032 and grow at a CAGR of 27.32% over the forecast period 2024-2032.
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.
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
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 .
By Connectivity Type
Wired
Wireless
By Resolution
HD
UHD
By Verticals
Automotive
Commercials
Military
Healthcare
Others
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.
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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
The major key players are GoPro, LG electronics, Samsung electronics, Ricoh, Insta360fly, Panasonic, Nikon, Xiomi, Sony, YI technology, immervision, Ponono, Facebook, and Other players.
| Report Attributes | Details |
| Market Size in 2023 | US$ 1.50 Billion |
| Market Size by 2032 | US$ 13.18 Billion |
| CAGR | CAGR of 27.32% From 2024 to 2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Data | 2020-2022 |
| 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. |
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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