Panoramic Camera Market – Overview
Panoramic Camera is perceiving its heydays and enjoying the augmented demand from various industry verticals like Defence & Security, Media & Entertainment, and robotics, etc. Aspects substantiating the prominence of this Camera mainly include the wide field of view it offers, covering 180º to 360º area. The large coverage area makes it suitable for the indoor and outdoor surveillance applications, wherein broad area overview is essential. Panoramic Cameras are primarily used to surveille a large area, and to track the real-time human traffic.
Therefore, they are mainly installed at the places where huge visitor traffic is expected such as the library, museum, stadium, hotel/restaurant, banks, shopping malls, etc. so as to improve area management and to establish law & order, ensuring safety & security. Their wide coverage area also means the need of just one camera & network port instead of many, which further means easy installation and saving of time and money.
Hence, Panoramic Cameras have proven to be a cost-effective solution for effective surveillance. Consequently, these cameras perceive extensive uptake and augmenting demand from the field of defense & security. This, in turn, drives its market growth, escalating the market to further heights on the global platform.
Recognizing the exponential expansions the Panoramic Camera Market is perceiving currently, Market Research Future (MRFR) recently published a study report giving out the complete market insight up till 2022. In its analysis, MRFR confirms that the global Panoramic Camera market will ascend to USD 36 Billion by 2022 registering a whopping double digit CAGR of 31% during the assessment period (2016-2022).
Also, factors that contribute the market growth include increasing industrialization, urbanization along with the improving economy worldwide which is resultantly fuelling consumer’s purchasing power. Significant investments made by the camera makers to bring more features and innovations in these cameras are resultantly, are paying off well by fostering the market growth.
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With the expanding reach of Virtual Reality experience coupled with the intervention of Drone technology, Panoramic Cameras are finding new application areas every day. For instance, its uses in real estate sector and amusement parks which are contributing to the market growth & proliferation of Panoramic Camera, worldwide. Similarly, military, law enforcement, public safety agencies/ private security companies use pet mounting 360-degree panoramic cameras with other systems include thermal imaging or infrared sensitive cameras for surveillance through monitoring their sniffer dogs’ activities.
At the same time, the augmented market proliferation of smartphones with the high-end Panoramic view camera is a factor restricting the market growth up to some extent. Also, the paramount concern pertaining to the cyber-security are presenting challenges impeding the market growth.
The key players of global panoramic camera market report include Samsung electronics Ltd. (Korea), Ricoh Company Ltd. (Japan), Nikon Corporation (Japan), Canon Inc. (Japan), Roundshot (Switzerland), Panono GmbH (Spain), Panasonic Corporation (Japan) , D-Link Corporation(Taiwan), Sony Corporation (Japan) , Immer Vision, Inc. (Canada) and others.
Global Panoramic Camera Market has been segmented on the basis of type, application and region. By type, the market has been categorized into industrial camera and commercial camera. On the basis of application, the market includes- traffic monitoring, grid layout, aerial scenery and others.
On the basis of technology panoramic camera can be segmented into single-sensor cameras and multi sensor cameras. Single sensor camera uses only one image sensor and they are well suited for indoor monitoring of retail stores, hotels, schools and offices. A Multi sensor camera enables a higher pixel density or resolution for the same area coverage and they are well suited stadiums, university campuses, parking lots and shopping malls.
Market Research Analysis:
The global panoramic camera market is expected to grow significantly. The market is highly application basis. Among various applications, traffic monitoring is expected to drive the market globally due to rising government initiatives to increase safety on roads. With the growing advancement in digital technology and increasing adoption of virtual reality products for gaming and other applications, the demand for high resolution camera is increasing thereby increasing the growth of panoramic cameras market during forecast period 2016-2022.
Geographically, North America is expected to dominate the panoramic camera market due to high demand of high safety for wireless network infrastructure in the region. The Asian countries, especially Japan China and India over the forecast period is projected to be the fastest growing market due to rising law enforcement to reduce crime rate in the region.
May 09, 2018 – Karbonn Mobiles (India), a leading mobile device company launched its new smartphone–camera-centric budget model. The device features an 8MP+8MP dual front Twinfie camera setup and an 8MP rear camera with LED flash and several shooting modes, including Panoramic view and Time-lapse.
May 08, 2018 – Intel Sports (US) a technology giant and Altia Systems, Inc. (US) a leading global provider of Camera technology announced their partnership to broadcast live sports in 3D VR, during the launching event of Altia’s PanaCast Live, a portable video camera system that allows for 4K-resolution 180-degree 3D (live broadcasting) of sporting events with the help of Intel’s True VR platform.
May 10, 2018 – VIVOTEK Inc. (Taiwan), a leading global provider of security surveillance solutions, IP cameras, and video servers, NVR, among others launched its new more efficient multi-sensor camera – The MS9390-HV. It’s a 180-degree panoramic network camera. The new camera offers an 8MP sensor with H.265 Compression Technology and is capable of recording video at 30fps.
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- Panoramic camera Manufacturers
- Panoramic camera Distributors
- Research firms
- Consultancy firms
- Software developers
- Vendors from various verticals such as Canon, Ricoh, Nikon, Samsung among others
- Semiconductor Manufacturers
- End-user sectors
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