360 Degree Camera Market Size

360 Degree Camera Market size was over USD 1.86 billion in 2024 and is set to cross USD 19.26 billion by the end of 2037, witnessing more than 19.5% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of 360 degree camera is estimated at USD 2.15 billion. The rapid growth of the virtual reality sector worldwide, decreasing installation time and cost, and rising public awareness of crime situations propels the market’s growth. For instance, the virtual reality market accounted for USD 15 billion in 2020 and generated revenue of nearly USD 4 billion in the year 2021.

Moreover, rising cases of security breaches, increasing integration of 360-degree camera with smartphones, the growing popularity of animated and 3D movies along with the emergence of innovative products is expected to drive 360-degree camera market growth over the forecast period. For instance, in January 2022, a new 360-degree camera has been released. It is capable of shooting 360-degree video and images in one shot. An easy-to-use touchscreen display and high-quality images are provided by this new model.