Creating 360-degree video has turn into one of the vital well-liked and accessible means for creators to turn into concerned in creating digital actuality (VR) content material. Not solely people however manufacturers, companies, advertising and marketing and inventive industries have all embraced the know-how as a brand new means to interact with audiences. Based on a report by MarketsandMarkets, this pattern is ready to proceed, resulting in continued progress within the 360-degree digital camera market.
Based on the report, the 360-degree digital camera market was valued at $347.7 million (USD) in 2017, and is anticipated to succeed in a price of $1,569 million (USD) by 2023, at a CAGR of 27.1% in the course of the forecast interval.
The 360-degree digital camera market includes a big community of gamers who’re concerned in analysis and growth, materials suppliers, producers, buyers and distributors. A number of the largest names in these areas embrace Samsung, Ricoh, GoPro, Insta360, LG electronics, Nikon, kokak and Xiaomi.
North America is anticipated to dominate the 360-degree digital camera market, by way of worth, all through the forecast interval. The projected progress of this market is attributed to excessive demand for cameras in numerous industries, together with healthcare, automotive, industrial and shopper electronics.
The marketplace for 360-degree cameras has been divided into a number of sectors within the report for simpler evaluation. Primarily based on decision, it has been divided into HD and UHD, with the UHD part anticipated to develop at the next CAGR in the course of the forecast interval. That is as a result of quick charge of innovation on this space hen in comparison with different photographic markets akin to DSLR.
Primarily based on digital camera kind, the report has segmented the market into single . The marketplace for skilled rated cameras is anticipated to develop at a excessive charge over the forecast interval.
Additional data, and the total textual content of the report, may be discovered on the MarketsandMarkets web site. As ordinary, VRFocus will proceed to convey you the newest developments within the VR trade.