360 Degree Camera Market Overview:
The advancements in the field of photography have led to innovation in the products that are available in the market which offer better picture quality and resolution. Market reports linked to the information and communications technology sector made available by Market Research Future along with published reports on other sectors have been recently published along with a report on this industry. The market is anticipated to develop at an accelerated pace in terms of revenue while expanding with a positive CAGR in the forecast period.
The popularity of the virtual theme parks and amplified usage of 360 Degree Camera Market in the entertainment industry is increasing the market’s growth considerably in the forecast period. The use of 360 degree cameras in robotics to resolve simultaneous localization and mapping as well as for visual odometry is also contributing to the development of the market in the duration of the forecast period. rising penetration of visual reality headsets and extensive adoption of VR technology in gaming is powering the market growth substantially in the duration of the forecast period.
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The product offering of the market has expanded immensely when compared to the past few years, thus making the market more lucrative for current and new contenders. The improved financial liquidity of the competitors in the market has improved thus providing fresh chances for expansion of the market. The market is very distinct in terms of segments concerning the products as well as the end users that are a part of the market. The market appeal and competitors’ forces at work are considerably improved by the strategies that are being deployed by market players. The market displays an immense potential for developing at an accelerated speed. The product offering of the market has diversified tremendously as associated to the past few years, thereby making the market more lucrative for current and new contenders. The extended sustainability of the market is however considerably dependent on the tactics and the strategic roadmaps that are employed by market players.
The notable competitors in the 360 degree camera market are Nikon Corporation (Japan), Gopro, Inc. (U.S.), Apple Inc. (U.S.), LG Electronics Inc. (South Korea), Samsung Electronics Co., Ltd. (South Korea), Canon Inc. (Japan), Nokia Corporation (Finland), Panono Gmbh (Germany), Sony Corporation (Japan), Microsoft Corporation (U.S.), among others.
The 360 degree camera market is segmented on the basis of phone support and application. On the basis of phone support, the market is segmented into android and Iphone. The application based segment of the market comprises of segments such as residential, commercial, industrial, defense, healthcare, and others
Detailed Regional Analysis:
The regional analysis of 360 degree camera market covers region such as Europe, Asia Pacific, North America, and Rest of the World. The North American region is one of the foremost regions in the 360 degree camera market due to major camera manufacturers existing in the region.
The appearance of HD analog products is creating a new, lower end market. The Asia Pacific region is anticipated to have the most rapid growth rate in the market owing to high adoption of 360 degree camera in the entertainment and gaming industry.
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July 2018 The Vuze XR Camera has been launched by HumanEyes Technologies which can be used to capture photos and video in either 5.7K 360° or VR180 formats. Users can change between the VR format footage or the full 360° mode with a single click, which can also be live streamed to various social media channels. The Vuze XR Camera is the newest innovation from the company’s award winning VR camera line, which comprises of the Vuze and Vuze+ VR cameras and it will be accessible from the fourth quarter of 2018 for the price of £400.
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