Global Panoramic Camera Market Size By Type (Industrial Camera, Commercial Camera), By Application (Aerial Scenery, Traffic Monitoring, Grid Layout), By Geographic Scope And Forecast

Panoramic Camera Market Size And Forecast

Panoramic Camera Market size was valued at USD 3.32 Billion in 2023 and is projected to reach USD 13.2 Billion by 2030, growing at a CAGR of 31.12% during the forecast period 2024-2030.

High supply for economically efficient technology to represent a growing sophisticated industry in the photography segment, increasing demand for the electronic photography industry, and an increased supply for safety and security policies in the government and business areas are the key drivers for the Panoramic Camera Market. The Global Panoramic Camera Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Panoramic Camera Market Definition

A panorama camera is an electronic device used to cover the area between 180° to 360°resolution. These Cameras take panoramic pictures by revolving a lens so that the film is exposed through a narrow vertical slit or by rotating the camera so that adjacent areas of the film are exposed consecutively. These cameras have High resolution with a fully automated program and a High range and working efficiency even under critical & low lighting. Panoramic cameras are widely used in indoor and outdoor surveillance programs. It can monitor human movement and enhance management in big areas. There are also one or more image sensors available. These cameras are perfectly adaptive for various purposes, including video surveillance of airline terminals and train and subway lines, urban monitoring facilities such as government spaces monitoring, safety for critical facilities and manufacturing premises, and video surveillance of college/university facilities.

Panoramic Camera Market Overview

The Panoramic Camera Market is Anticipated to grow during the forecasted period. It captures the footage of large areas effortlessly, and one single camera can be sufficient compared to multiple CCTV cameras these are the driving factors for the Panoramic Camera Market. However, the need for a wide communication channel, low adaptability to work at night, and Ineffective work in rooms with low ceilings and a Significant number of partitions and doors and some of the factors that may act as a restraint for the Panoramic Camera Market. But, with the increasing need for safety and security among the people the Panoramic Camera Market is anticipated to grow during the forecasted period. And the growing interest of users in Virtual reality, which is only possible with the help of a Panoramic Camera, may act as one of the most extensive opportunities for the Market to grow shortly.

Global Panoramic Camera Market Segmentation Analysis

The Global Panoramic Camera Market is Segmented on the basis of Type, Application, and Geography.

By Type

• Industrial Camera• Commercial Camera

Based on the Type, the market is bifurcated into Industrial camera and Commercial camera. While Industrial cameras are used for surveillance purposes in industries and to check the regular work being done daily, Commercial Cameras are widely used for safety and security purposes.

By Application

• Aerial Scenery• Traffic Monitoring• Grid Layout• Others

Based on the Application, the market is Bifurcated into Aerial Scenery, Traffic monitoring, Grid Layout, and Others. These Cameras are used for Aerial Scenery or for making a V.R. video. It is also used very widely for Traffic monitoring and parking lots for security purposes. Both are widely used applications for the Panoramic Camera and will hugely contribute to the Market during the forecasted period.

By Geography

• North America• Europe• Asia Pacific• Rest of the world

On the basis of Geography, the Global Panoramic Camera Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. North America is the largest market, with a share of over 20%, followed by China and Europe, both having a combined share of over 25 percent. Asia Pacific region is expected to witness high growth in the global market for the panoramic camera during the forecasted period. This growth is mainly ascribed due to increasing technological advances, and the presence of major key players in the region.

Key Players

The “Global Panoramic Camera Market” study report will provide a valuable insight with an emphasis on the global market. The major players in the market are Samsung Electronics, Ricoh, Nikon, 360fly, Insta360, GoPro, L.G. Electronics, Sony, Kodak, Bublcam, Immervision, Panono, Xiaomi, Digital Domain Productions, Freedom360, and Panasonic.

Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.

Key Developments

• In April 2022, Wärtsilä Voyage launched its Smart Panoramic Edge Camera System (S.P.E.C.S), designed to enhance marine safety by providing 360-degree situational awareness, streamed directly to the bridge in real-time.

• In April 2022, Video production firm JockeyCam has utilized its state-of-the-art technology to unleash a new 360-degree horse racing experience for racegoers, inviting them to set foot into the world of jockeys by the magic of Virtual Reality (V.R.).

• On Dec. 21, 2021, The U.S. Air Force has held off on approving Boeing’s new design for the KC-46 tanker’s beleaguered Remote Vision System due to ongoing technical concerns associated with the aircraft’s panoramic display system. A separate suite of cameras is used to detect and identify aircraft approaching the tanker to get fuel. A preliminary design review (P.D.R.) for the Remote Vision System 2.0 took place in May 2021 and was expected to close last fall.

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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