360-Degree Camera Market Expected to Reach $4.6 Billion by 2030: Discover What’s Driving Growth
The 360-degree camera market has been on a steady rise as users demand more immersive and panoramic visual experiences across industries. These versatile cameras have become integral in fields like real estate, virtual tours, media, and gaming. According to Intent Market Research, the global 360-degree camera market, valued at USD 1.9 billion in 2023, is anticipated to grow at a remarkable compound annual growth rate (CAGR) of 13.7%, reaching an estimated USD 4.6 billion by 2030. In this article, we’ll explore the market dynamics, current trends, key growth drivers, and future predictions shaping the 360-degree camera market. What is a 360-Degree Camera? A 360-degree camera is a device equipped with multiple lenses or panoramic capture technology, allowing it to record views in all directions. Unlike standard cameras, 360-degree cameras capture an entire scene at once, making them ideal for immersive experiences in virtual reality (VR), augmented reality (AR), and live streaming.