LONDON–(BUSINESS WIRE)–Feb 4, 2021–
The 360-degree camera market is expected to grow by USD 1.63 billion, progressing at a CAGR of over 29% during the forecast period.
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Technavio has announced its latest market research report titled Global 360-degree Camera Market 2020-2024 (Graphic: Business Wire)
The declining price of 360-degree cameras is one of the major factors propelling market growth. However, factors such as hardware and software limitations of 360-degree cameras will hamper the market growth.
More details: https://www.technavio.com/report/360-degree-camera-market-industry-analysis
360-degree Camera Market: Application Landscape
The launch of new products such as GoPro Max and Insta360 Evo and the availability of platforms such as YouTube and Facebook for filmmakers to showcase their work will boost the need for 360-degree cameras in filmmaking applications. Market growth in this segment will be slower than the growth of the market in the events segment.
360-degree Camera Market: Geographic Landscape
North America was the largest 360-degree camera market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. 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 significantly influence 360-degree camera market growth in this region. Over 37% of the market’s growth will originate from North America during the forecast period. The US is an important 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.
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Companies Covered:
- 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.
What our reports offer:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers market data for 2019, 2020, until 2024
- Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Key Topics Covered:
Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 – 2024
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 placement
- Filmmaking – Market size and forecast 2019-2024
- Events – Market size and forecast 2019-2024
- Others – Market size and forecast 2019-2024
- Market opportunity by Application
Market Segmentation by End-user
- Market segments
- Comparison by End user placement
- Professional – Market size and forecast 2019-2024
- Non-professionals – Market size and forecast 2019-2024
- Market opportunity by End user
Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- North America – Market size and forecast 2019-2024
- Europe – Market size and forecast 2019-2024
- APAC – Market size and forecast 2019-2024
- South America – Market size and forecast 2019-2024
- MEA – Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
Drivers, Challenges, and Trends
- Market drivers
- Volume driver – Demand led growth
- Volume driver – Supply led growth
- Volume driver – External factors
- Volume driver – Demand shift in adjacent markets
- Price driver – Inflation
- Price driver – Shift from lower to higher priced units
- Market challenges
- Market trends
Vendor Landscape
- Overview
- Vendor landscape
- Landscape disruption
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
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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KEYWORD:
INDUSTRY KEYWORD: TECHNOLOGY PHOTOGRAPHY
SOURCE: Technavio Research
Copyright Business Wire 2021.
PUB: 02/04/2021 12:14 PM/DISC: 02/04/2021 12:14 PM
Copyright Business Wire 2021.
