360 Degree Camera Market Segmentation:
Connectivity Type Segment Analysis
The wireless segment is projected to capture 70.5% of the global 360 degree market share by 2035. The wireless 360-degree cameras are gaining traction, owing to their portability and cloud compatibility. The widespread rollout of 5G and Wi-Fi 6E is also contributing to the growing demand for wireless 360-degree cameras. In Europe, the readiness for 5G, supporting outdoor and mobile usage across sports, events, and security, is fueling the demand for advanced cameras. The reduced setup cost and mobility are also other factors fueling the sales of wireless cameras.
Resolution Segment Analysis
The HD segment is anticipated to account for 69.5% of the global 360 degree market share throughout the forecast period. Affordability, balanced file sizes, and compatibility with mobile and web platforms are the prime factors boosting the sales of HD-resolution 360-degree cameras. Most of the enterprises and consumers prefer investing in HD over 4K, due to lower bandwidth and storage requirements. The booming content creation trend across the world is also promoting the adoption of HD-resolution 360-degree cameras. In addition, the public-safety agencies are deploying HD 360° cameras for broad coverage and situational awareness.
Our in-depth analysis of the global 360 degree camera market includes the following segments:
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