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.
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.
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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.
Global Panoramic Camera Market – Segments
MRFR has segmented the analysis into four key dynamics; for the convenience of the report and enhanced understanding,
- By Types: Comprising Industrial Camera and Commercial Camera.
- By Applications: Traffic Monitoring, and Grid Layout, Aerial Scenery among
- By Technologies: Single-Sensor Camera and Multi Sensor Camera among others.
- By Regions: North America, Europe, APAC & RoW (Rest of the World).
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 – Regional Analysis
North America accounts for the largest market share in the global Panoramic Camera Market. The outstanding growth attributes to the presence of successful brands (camera manufacturers) in the region. Moreover, the growing demand for futuristic technology solutions coupled with the increasing crime in the region is expected to drive the market growth. Simultaneously, increasing demand for the cameras featuring the high image quality and low power consumption fuels the regional market growth. Continuing with the same trends, the market is expected to lead the global market in the future as well.
The Europe market for Panoramic Camera is expected to witness a remarkable growth owing to the vast contributions, especially from the well-defined markets of the UK and Germany. Additionally, rising government initiatives to provide security at public places, coupled with the increasing number of stadiums and university campuses in the region are demanding the high-security solutions, thereby, fostering the market growth for Panoramic Camera in the region.
The Asia Pacific market, on the other hand, is emerging as the fastest growing market for the Panoramic Cameras. Significant contributions from rapidly developing markets of India, China, and Japan, backed by the massive demand for video surveillance coupled with the growing government initiatives to take precautionary measures against terrorism, are expected to foster the growth of the regional market during the forecast period 2016-2022.
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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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