Virtual reality experiences now can involve the use of VR devices where users can control the angle of the shot with the help of omnidirectional camera. Online experiences are also making a mark as it is easy to scroll around an image as the film on the screen. The user only need to click and drag the pointer to the direction of where the visual is needed to be seen. The cameras in the setup of omnidirectional camera are all synced together to ensure that they function as one which means there is no need for stitching video together.
The features of omnidirectional camera is that it can refocus continuously after taking a photo making it highly efficient for multiple shots. These omnidirectional camera give a real VR experience without any lag. It also supports features like live streaming ability with 360° VR production. This technology organizes images coming in from small cameras put together in a rig.
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Omnidirectional Camera Market: Drivers and Challenges
The major driver for omnidirectional camera market is the increase in use of virtual reality technology in recent time. Virtual reality has made a huge impact in market and this has led to its involvement in smart phone market which all tougher drive the market of omnidirectional camera. As the technology in these types of cameras continues to improve, they are becoming increasingly more affordable to a wider segment of the video surveillance market. Similarly, higher resolutions and more affordable storage for video data make it more affordable to get increased amounts of coverage and detail at the same time.
The major challenge faced by the omnidirectional camera market is that it can still not be used for security purposes as it is a higher cost segment camera and is an easy target for theft in some regions.
Omnidirectional Camera Market: Segmentation
Segmentation of Omnidirectional Camera Market on the basis of type the omnidirectional camera market can be segmented into catadioptric and dioptric omnidirectional camera market.
On the basis of application the omnidirectional camera market can be segmented in optical manufacturing, automation, biotechnology and healthcare, roboticists and media and entertainment. The segmentation by application tells about the area of application areas of these omnidirectional camera.
Omnidirectional Camera Market: Key Players
Some of the key players of omnidirectional camera market are: Sphericam Inc, Panono, Bubl, Samsung, Theta S, Kodak , LG, Nikon, Panasonic, 360fly, ALLie, Drone Volt, Elmo, Garmin, Giroptic, GoPro, Insta360, Vuze, JAUNT and Orah.
Omnidirectional Camera Market: Key Development
In May 2016, Samsung wrote a patent application he U.S. Patent & Trademark Office for Next-Gen Gear VR Omnidirectional Camera Service Tied to Live Sporting & Music Events which would be coming with their new segment mobile phones.
Omnidirectional Camera Market: Regional Overview
On the basis of geography, Omnidirectional Camera market can be segmented into five key regions namely North America, Latin America, Europe, APAC and Middle East & Africa. Among various regions, the Omnidirectional Camera market in North America is expected to dominate during the forecast period owing to large number of companies set up in this region which uses VR technology for their devices. North America region is expected to be followed by Asia Pacific and Europe.
The report covers exhaustive analysis on:
- Omnidirectional Camera Market Segments
- Omnidirectional Camera Market Dynamics
- Historical Actual Market Size, 2012 – 2016
- Omnidirectional Camera Market Size & Forecast 2017 To 2027
- Supply & Demand Value Chain
- Omnidirectional Camera Market Current Trends/Issues/Challenges
- Competition & Companies involved
- Omnidirectional Camera Market Value Chain
- Omnidirectional Camera Market Drivers and Restraints
Regional analysis for Omnidirectional Camera Market includes
- North America Market
- Latin America Market
- Rest of Latin America
- Western Europe Market
- Rest of Western Europe
- Eastern Europe Market
- Asia Pacific Market
- Australia and New Zealand (A&NZ)
- Rest of Asia Pacific
- Japan Market
- Middle East and Africa Market
- GCC Countries
- North Africa
- South Africa
- Rest of MEA
The report is a compilation of first-hand information, qualitative, and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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- Detailed overview of parent market
- Changing market dynamics of the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and product offerings
- Potential and niche segments/regions exhibiting promising growth
- A neutral perspective towards market performance
- Must-have information for market players to sustain and enhance their market footprint