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360 Cameras Will Grow Over 7800% Over The Next Six Years

by User Not Found | Nov 22, 2016

We forecast that the sales of 360 cameras will grow over 7800% withing the next six years. The popularity of the cameras is driven by the sales of Virtual Reality headsets which will increase the consumption of 360 content through popular platforms.

The professional industry will see also growth as mainstream movie studios will begin offering 360 movies in the near future. The sales of professional grade cameras such as Nokia's Ozo, will see 43 fold growth during our forecast period.

Biggest growth is seen within the semiprofessional camera segment where bloggers and 360 video enthusiasts produce more content for consumption. The share of the semiprofessional segment will grow from 14% to 23% during the forecast period.

The largest segment however is the consumer segment. The share of the segment is 83% in 2016 and will remain the largest segment with 76% share in 2022.  

Asia Pacific will be the biggest region having a 59% share of the market in 2016 however as markets mature and other markets see accelerated growth the share will decline to 36% still remaining as the biggest region.

The report is an excellent tool for all vendors seeking growth from new business areas as well as for established vendors looking to see where the market is.

Our Emerging Device Strategies (EDS) service provides coverage of emerging devices including drones, robots, handsets and other form factors. Unique to this service are next generation LTE-A and 5G devices, handset form factor (phablet, superphone, smartphone, feature phone) forecasts, vendor specific and industry profit analysis and detailed forecasts of enabling technologies for emerging devices. 

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