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A leak of the EU’s AI Act removes doubts about its adoption, but critics fear that the plans will inhibit innovation. All 892 pages of the final version were published on Monday by Euractiv tech editor Luca Bertuzzi, while a consolidated version that runs a mere 258 pages was shared by European Parliament policy advisor Laura Caroli. Only linguistic or technical details can now be made to the full regulation. EU ambassadors are due to adopt the act on February 2. If all goes to plan, the final regulation will be implemented before the European Parliament elections in June. That…

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By Thomas Macaulay

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By Hisan Kidwai

Even though the Pixel 9 series is months away, Google’s track record of not being able to keep secrets has proven true once again, as a lot of specs about the upcoming Pixel 9 Pro were leaked. Therefore, here is everything you need to know about the Pixel 9 Pro. When will the Pixel 9…

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By Siôn Geschwindt

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By Hisan Kidwai

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By Hisan Kidwai

After a few months of beta testing, Apple has finally introduced the iOS 17.3 update to the general public. With it, the company has introduced several new features, such as stolen device protection, collaborative playlists, and much more. Here is everything you need to know about them. 1. Stolen device protection Having your phone stolen…

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Source:: Computer World

By Barry Elad

Introduction

360 Camera Statistics: The growing popularization of influencers on social media AR, as well as VR video gaming and creating content 360 Camera, are a reason for the similarity. With a 360-degree camera, users can capture larger photographs or videos without having to move the camera from one side. Like the CCTV camera can capture the entire scene and capture everything around it, these cameras also do the same.

Within a short time, the market is predicted to reach $8 billion in revenues due to increasing demand. Let’s look at the meaning of this 360-camera statistic about the size of the market over the next decade.

Editor’s Choice

• Between 2022 to 2032 period, around 63% of the market is expected to be captured by a single camera, which uses one primary lens.
• Compared to wireless, wired 360-degree cameras have more demand between 2022 to 2032. However, both types of cameras are in demand during the forecasted period.
• As of 2022, the 360-degree Camera Market was valued at $1,072/5 million, which is expected to reach $4,343 million by 2028 at a CAGR of 25.66%.
• As studied by 360 Camera Statistics, this camera can capture 5x more bandwidth than normal cameras.
• As of today, Titan is considered the most expensive 360-degree camera which costs around $15,278.

What is a 360 Camera?

A camera that can shoot in 360 directions at once is called a 360 camera. This camera is prominently famous for virtual reality uses. The Insta360 X3 has two lenses over 180°, which is half of 360°. This technique allows capturing high-quality seamless photos or videos. In short, 360 camera can record photos or videos in such a way that it feels as if you were present in that place.

General 360 Camera Statistics

• As of 2022, the 360-degree Camera Market was valued at $1,072/5 million, which is expected to reach $4,343 million by 2028 at a CAGR of 25.66%.
• Between 2022 to 2032 period, around 63% of the market is expected to be captured by a single camera, which uses one primary lens.
• As studied by 360 Camera Statistics, this camera can capture 5x more bandwidth than normal cameras.
• Further 360 Camera Statistics state that, between 2023 and 2029, demand for the same in Asia Pacific is expected to rise at a CAGR of 18.23%.
• The largest market in the 360 camera category segment is wired by type, as well as it is considered to be the fastest-growing segment between 2023 and 2030.

360 Camera Statistics Market Size by Connectivity Type

(Source: market.us)

Looking at the above 360 Camera market, compared to wireless, wired 360-degree cameras have more demand between 2022 to 2032. However, both types of cameras are in demand during the forecasted period.

The market for 360-degree cameras has seen significant growth in recent years, driven by advances in technology and increasing demand across various sectors. This analysis provides an in-depth overview of the current state, trends, and future projections for the 360-degree camera market.

Market Overview

360-degree cameras, also known as omnidirectional cameras, capture a 360-degree field of view. These cameras are increasingly used in various applications, including virtual reality (VR), real estate, tourism, events, and security.

Market Size and Growth Projections

The global market for 360-degree cameras is experiencing robust growth. In 2023, the market was valued at approximately USD 2 billion. It is projected to grow at a compound annual growth rate (CAGR) of around 25% over the next five years, reaching nearly USD 6 billion by 2028.

Key Drivers

Several factors contribute to this growth:

• Increased Use in Virtual Reality (VR): As VR technology becomes more accessible, the demand for 360-degree cameras for content creation is rising.
• Growth in Real Estate and Tourism: Virtual tours, powered by 360-degree photography, are becoming popular in real estate and tourism industries.
• Advancements in Technology: Improvements in camera technology, such as higher resolution and better stitching software, make these cameras more appealing.
• Expanded Application in Security and Surveillance: The ability to provide a comprehensive view makes these cameras valuable for security purposes.

Market Segmentation

By Type

• Single Lens Cameras: More affordable and user-friendly, suitable for general consumers and small businesses.
• Multi-Lens Cameras: Offer higher quality and are typically used by professionals in industries like filmmaking and broadcasting.

By Application

• Entertainment and Media: For creating immersive content in movies, games, and live events.
• Real Estate: Virtual property tours.
• Tourism: Virtual tours of destinations and attractions.
• Security: Surveillance in public places, businesses, and homes.

Regional Analysis

The market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World.

• North America: Currently leads the market due to high technology adoption and presence of key players.
• Europe: Shows substantial growth with increasing use in media and real estate.
• Asia-Pacific: Expected to witness the fastest growth, driven by rising technology adoption in countries like China and India.

Competitive Landscape

The 360-degree camera market is moderately competitive with a mix of established players and new entrants. Key players include GoPro, Ricoh, Samsung, and Insta360. These companies are focusing on innovation, mergers, and partnerships to expand their market presence.

Recent Developments

• Product Launches: Companies are regularly introducing new models with advanced features like higher resolution and better connectivity.
• Strategic Partnerships: Partnerships between camera manufacturers and software providers are common to offer integrated solutions.

Challenges and Opportunities

Challenges

• High Production Costs: Advanced features in cameras lead to higher prices, which may limit market growth.
• Technological Complexities: The need for specialized software for editing and viewing content can be a barrier.

Opportunities

• Integration with Social Media: As social platforms begin supporting 360-degree content, opportunities for consumer engagement increase.
• Advancements in AR and VR: Continued development in AR and VR technologies presents new possibilities for content creation.

Future Trends

• Artificial Intelligence (AI): AI integration for automated editing and content enhancement.
• Increased Resolution: Advancements leading to higher resolution cameras for more detailed images.
• 5G Connectivity: Faster data transfer speeds will enhance live streaming capabilities.

Best 360 Degree Camera to Buy

#1. Rylo 360

Product Overview

• The Rylo 360 is a compact, dual-lens camera that captures 360-degree videos and photos.
• It was developed by Rylo Inc., a company known for innovation in camera technology.

Key Features

• 360-Degree Capture: Records in full 360 degrees using dual 208-degree wide-angle lenses.
• Resolution: Offers 5.8K resolution for videos and high-quality still images.
• Image Stabilization: Advanced stabilization technology for smooth footage, reducing camera shake.
• Compact Design: Small, lightweight, and easy to carry, making it suitable for adventure and travel photography.
• Mobile App Integration: Comes with a user-friendly app for editing, which allows users to control the camera, edit videos, and share content easily.

#2. GoPro Max

Product Overview

• Type: The GoPro Max is a versatile action camera designed for capturing 360-degree videos and traditional GoPro-style videos.
• Target Market: Aimed at adventure enthusiasts, vloggers, and content creators seeking immersive footage and high-quality action shots.
• Design: Robust and waterproof, built to withstand extreme environments and conditions.

Key Features

• 360-Degree Capture: Dual lenses allow for full 360-degree video recording at 5.6K resolution, providing immersive and detailed footage.
• Single-Lens Mode: Can also function as a single-lens HERO camera, offering high-quality traditional video and photo capture.
• Max HyperSmooth: Advanced image stabilization technology ensures smooth, stable footage across various activities.
• Max TimeWarp: Allows for time-lapse videos in 360-degree format, adding a dynamic and creative aspect to time-lapse photography.
• PowerPano: Captures panoramic shots without distortion, ideal for landscapes and group photos.
• Waterproof Design: Usable underwater up to 16 feet (5 meters), suitable for aquatic adventures without needing an additional housing.
• Touch Screen: Features an intuitive touch screen for easy settings adjustments and playback.
• Voice Control: Hands-free operation with voice commands, enhancing ease of use during activities.
• Digital Lenses: Offers multiple digital lens options for different perspectives, including Narrow, Linear, Wide, and Max SuperView.
• Live Streaming: Capable of live streaming in 1080p, making it suitable for social media and real-time audience engagement.
• Built-in Mounting: Comes with built-in folding mounting fingers for quick and easy attachment to a variety of accessories and mounts.
• 360-Degree Audio: Six microphones capture realistic 360-degree audio, enriching the overall video experience.
• Reframe: With the GoPro app, users can easily reframe 360-degree footage into traditional video formats, offering post-shooting creativity.

#3. Insta360 One RS

Product Overview

• Type: The Insta360 One RS is a modular action camera known for its versatility and high-quality imaging capabilities.
• Target Market: Designed for content creators, adventure enthusiasts, and professionals seeking flexibility and performance in various filming scenarios.
• Modularity: Unique modular design allows users to switch between different lens modules for various shooting needs.

Key Features

• Interchangeable Lenses: Features a range of interchangeable lens modules, including a 360-degree lens, a 4K wide-angle lens, and a 1-inch wide-angle lens co-engineered with Leica.
• Resolution and Frame Rate: Offers up to 6K video capture with the 360-degree lens and up to 5.3K with the 4K wide-angle module. High frame rates for smooth slow-motion footage.
• FlowState Stabilization: Advanced stabilization technology, FlowState, delivers gimbal-like smoothness without the need for external stabilizers.
• Waterproof Design: Core body is waterproof, and additional lens guards are available for underwater shooting.
• Voice Control: Allows for hands-free control, enhancing usability during action-packed activities.
• Active HDR Mode: Active HDR mode in the 4K wide-angle module helps in capturing natural lighting and color in dynamic scenes.
• Bullet Time Effect: Unique bullet time feature creates dramatic slow-motion effects circling the subject.
• Invisible Selfie Stick: The 360-degree module makes the selfie stick invisible in videos and photos, creating a flying camera effect.
• Quick Editing Software: Insta360’s app provides powerful, user-friendly editing tools, enabling quick and creative edits.
• MultiView Feature: MultiView allows users to record in two different angles simultaneously, ideal for vlogging and reaction shots.
• Color Plus Technology: Automatically enhances colors and lighting in videos for vibrant and lifelike results.
• Point to Track and Deep Track: Advanced tracking technologies keep subjects in focus even during fast-paced action.
• Rugged Build: Durable design to withstand challenging environments and conditions.

#4. Trisio Lite 2

Product Overview

• Type: The Trisio Lite 2 is a specialized 360-degree camera designed primarily for virtual tour creation and real estate photography.
• Target Market: Aimed at real estate professionals, interior designers, and virtual tour creators seeking high-quality, easy-to-use 360-degree imaging solutions.
• Design: Compact and portable with a focus on simplicity and efficiency in capturing high-resolution panoramic images.

Key Features

• Single-Lens Panoramic Capture: Features a single lens capable of capturing 8K panoramic images, simplifying the process of 360-degree photography.
• High Resolution: Offers high-resolution image capture, ensuring detailed and clear panoramic shots ideal for professional use.
• HDR Imaging: Supports High Dynamic Range (HDR) imaging, enhancing photo quality in varying lighting conditions.
• Easy Operation: Designed for ease of use with straightforward operation, making it accessible even for those new to 360-degree photography.
• Portable Design: Its small size and light weight make it highly portable and suitable for on-the-go shooting scenarios.
• Automated Stitching Software: Comes with software that automatically stitches images together, reducing post-processing time and effort.
• Remote Control: Can be operated remotely via a smartphone app, allowing for flexibility in shooting and convenience in capturing images.
• Virtual Tour Creation: Specifically tailored for creating high-quality virtual tours, with compatibility with various virtual tour software.
• Long Battery Life: Equipped with a long-lasting battery, suitable for extended shooting sessions.
• Storage: Supports external storage options, ensuring ample space for high-resolution images.
• Wi-Fi Connectivity: Includes Wi-Fi functionality for easy transfer of images and remote operation.

#5. Insta360 One RS

Product Overview

• Type: The Insta360 One RS is an innovative, modular action camera designed to cater to a wide range of filming needs.
• Target Market: Aimed at adventure enthusiasts, vloggers, and professional content creators who require flexibility and high-quality output.
• Modularity: Characterized by its unique modular design, allowing users to switch between different camera modules for varied shooting experiences.

Key Features

• Interchangeable Lens Modules: Features several lens modules, including a standard 4K Boost Lens, a 1-Inch Wide Angle Lens co-engineered with Leica, and a 360-degree lens for panoramic shots.
• 4K Boost Lens: Offers up to 4K 60fps video recording, enhanced with FlowState stabilization for smooth footage.
• 1-Inch Wide Angle Lens: Delivers superior image quality with a larger sensor, co-developed with Leica, ideal for low-light environments and detailed imagery.
• 360-Degree Lens: Captures immersive 360-degree footage with a 5.7K resolution, suitable for VR content and panoramic shots.
• FlowState Stabilization: Advanced stabilization technology ensures steady and smooth video, even in action-packed scenarios.
• Active HDR Mode: Active HDR mode helps in balancing highlights and shadows in dynamic environments, particularly with the 4K Boost Lens.
• Rugged and Waterproof: The core unit is water-resistant, and with the right lens module and case, it can be used for underwater filming.
• AI Editing Capabilities: Leveraging AI, the Insta360 app offers quick and smart editing options, including subject tracking and automatic highlight reels.
• Point to Track and Deep Track 2.0: Sophisticated subject-tracking technologies keep the focus on the moving subjects effortlessly.
• Quick Reader Option: Features a fast transfer option to quickly offload footage to phones or other devices.
• Versatile Mounting and Accessories: Compatible with a wide range of mounts and accessories, enhancing its utility in various shooting scenarios.
• Invisible Selfie Stick Mode: When using the 360-degree lens, the selfie stick becomes invisible in the final footage, creating a unique floating camera effect.
• Voice Control: Offers voice command functionality for hands-free control during activities.

Conclusion

As given in the above 360 Camera Statistics, these are the recent technology-based cameras and provide a different approach to photography and video making. Every 360 Camera comes with two lenses over 180° that record from both sides providing wider images in a single frame. These cameras provide high resolution, low light performance in high dynamic range.

These cameras are not only considered to be CCTV cameras but, also a tool for the immense experience of video making and photography. If you are an influencer, or creator on a digital platform you must give it a try!

Source:: Coolest Gadgets

By Barry Elad

Dashboard Camera Statistics: The Dashboard Camera Statistics (DCC) is a small onboard camera that fits in the windscreen of a car, sometimes referred to as a dashboard camera, car DVR, or event data recorder (EDR) (also known as a driving recorder). A small camera for video which is mounted on the windscreen or dashboard of passenger cars and commercial vehicles like trailers and lorries and trailers, is known in the context of “dashboard camera.” A growing number of government initiatives as well as an increasing awareness among the public about the safety of cars are expected to boost market growth.

In the coming years, the market’s growth is likely due to the rising popularity and profit of dashboard cameras across nations such as Russia, France, and Canada. Over the past couple of years, the demand for this product has been driven by the increasing number of vehicle thefts as well as traffic accidents all over the world. Alongside helping prevent accidents caused, and false claims for insurance, dashboard cameras aid in stopping fraud in the insurance industry.

In addition, changes to the regulations regarding the requirement to install dash cams on automobiles in a variety of countries such as those in the United States, the Philippines, and Russia have contributed to boosting the revenue. Insurance policies that are favorable to insurance companies that offer discounts to cars with cameras are also likely to help the expansion of this industry.

“The Global Dashboard Camera Market Size was USD 3.53 Billion in 2021. The Market is expected to reach USD 16.8 Billion by 2030, exhibiting a CAGR of 21.8 percent during the Forecast time frame.’

Editor’s Choice

• Based on the analysis provided by our research analyst the analysis shared by our research analyst, the Dash Cam Market is expected to expand every year at a CAGR of approximately 12.1 percent (2022-2028).
• Based on the initial research it was discovered it was established that the Dash Cam Market was valued at about US$ 3541.3 million by 2021. It will likely be around USD 7027.4 million by 2028.
• Europe was the region with the highest share of the worldwide market for dashcams until the year 2021. This is likely to be due to the increasing use of dash cameras used by Russian drivers to safeguard their cars.
• With the high rates of accidents and widespread corruption in the police force dangerous driving conditions and a low-cost and easily accessible technology, many people in countries such as Russia have dashboard cameras installed in their cars.
• Quantitatively, it’s expected that the HD and 4K segments will see the highest CAGR throughout the projection time.

Market Report Summary

The Dashboard Camera Statistics Market size is projected to reach $5.2 billion by 2026. It is expected to grow by 14.9 percent CAGR over the forecast time. Dashboard cameras are becoming more well-liked by drivers across the globe. In a variety of personal and commercial automobiles, they allow drivers to take charge of safety on the road.

It also allows incidents like collisions or vandalism, as well as robbery that can be documented. For insurance claims and liability cameras, footage from dashboard cameras is now accepted. Insurance companies promote the use of dashboard cameras and offer discounts on premiums for insurance to stop fraudulent insurance claims.

(Source: kbvresearch.com)

Several insurance companies offer their customers up to 15 percent discounts on their monthly rates for vehicles that have dashboard cameras. Dashcams are gaining popularity across the world and have risen dramatically. Dashcams’ use is expected to grow over the coming years within the North American region. In January 2017, New York (NY) State proposed a Senate Bill (S438) to offer a five percent reduction in the cost of fees for using a dashcam by owners of non-commercial vehicles.

Police agencies all over the world have utilized DVRs and dashboard cameras on their dashboards. However, based on recent trends, both passenger cars as well as commercial fleets are now installed. The rising number of fraudulent insurance claims and medical payments made through fraudulent accident reports is the primary reason behind the increased need to install dashboard cameras. Many insurance companies are accepting images of dashboard cameras to settle disputes over claims.

Dashboard Camera The Market

This section focuses on the main market trends affecting this Dashboard Camera Statistics Market according to our experts in research:

Dual-channel cameras to see significant growth

• Multi-lens dashboard cameras represent a lucrative segment to invest in for dashboard camera manufacturers. There is a growing demand for dual-channel dashboard cameras versus single-channel dashboard cameras.
• The cameras are growing in popularity in the eyes of commercial and private automobile owners. Dual-channel dashcam systems consist of two cameras equipped with high-resolution feed for rear and front video recording.
• In August 2022 DPPAI introduced the Z50 Dash Cams model in the Z-series which continues to feature the elegant design and preview screen but with upgraded specifications and high performance. This is a Dual 4K Dash Cam. When compared to Z40, Z50 is more capable in terms of image processing and resolution. With sophisticated algorithms for color enhancement as well as Night VIS technology, Z50 produces images with better clarity balanced lighting, and bright colors even in dark conditions.
• In addition, the introduction of new technology-based applications from firms is fueling the development of the market. For example, Thinkware launched its dual-channel Dash Cam F800 Pro, with improved capabilities over its predecessor, the F800. Dashcams with new features like more efficient power management for hardwired installations, and a new color scheme, but it also has top-of-the-line night-capture capabilities.
• Due to the rising number of traffic-related deaths all over the world and the increasing number of fatalities due to traffic accidents, the market is likely to grow in a positive direction. Dashcams’ use could be impacted by various privacy concerns including recording people who are involved in accidents without permission and thereby a violation of privacy. In certain countries, like Belgium, Portugal, and Austria privacy laws prohibit recording individuals without consent by using a dashcam.

Technology Insights

The segment of technology that is built on technology, accounted for a major share from 2022. The entry-level segment has been drastically reduced by companies that offer dashcams, which are equipped with basic functions and technology. These cameras are cheap and can be set up in moments.

The majority of customers are happy using the basic functions. Basic technology dashcams are sought-after in emerging regions because of their easy process and affordable cost of production.

The smart technology sector has seen a substantial growth rate of about 12.0 percent during the period between 2023 and 2030. There has been growing awareness about the benefits of cameras for consumers due to the frequent footage of crashes and road accidents that are captured by cameras. The leading companies have begun to offer Wi-Fi-enabled models that allow users to upload videos to their mobile phones via mobile apps. The inclusion of these advanced features, in addition to numerous other driver-assistance capabilities, is expected to boost demand for smart cameras in the next few years.

Landscape of the Competitive Landscape

Manufacturers of Dashboard Cameras are mostly looking to innovate and roll the new models. The major companies that operate on the Dashboard Camera market include ABEO Technology CO., Pitta soft Co. Ltd., Garmin Ltd, Falcon Zero LLC, Cobra Electronics Co., Safe Cams, THINKWARE, Harman, Amcrest Technologies LLC, HP Development Company LP, DOD TechDJI, Panasonic Corporation, DOD Tech, Waykens Unc., Papago Inc., LG Innotek, Koninklijke Philips N.V as well as Honeywell International Inc.

Some of the latest developments of the key suppliers for Dashboard Camera are as follows:

• In May 2022, THINKWARE launched Q1000 dashboard cameras. They allow viewers to view live-time footage with a high-detail recording mode as well as while parking. It comes with Super Night Vision 3.0 with HDR and can record more vivid videos in dark conditions. It is designed to assist the management of fleets and vehicles for commercial use to monitor vehicles and increase efficiency.
• The was released in February of 2022. THINKWARE introduced its F790 Dash Camin, its F-series line designed for personal and commercial use. Additional features include de-warping technology and a Quad-Core CPU with 1GHz to ensure optimal video quality, WiFi connections to Android as well as iOS devices, as well as parking mode.
• The version was released in June of 2021. THINKWARE released its X1000 Dashboard Camera featuring both rear and front recording features of 2K QHD and Super Night Vision 3.0 that allows recording in low light technology and noise reduction. It also allows for 24 days of recording when the engine is turned off.
• The version was released in June of 2021. Garmin announced a fresh line of voice-controlled dashboard cameras known as Garmin Dash Cam Mini 2 47, 57, as well as 67W equipped with automated video storage and live view monitor options. They’re designed so that they are not recognized by the driver’s side and record the events that occurred during the time of the accident.
• On April 20, 2021, Safe Cams launched its series of Dashcams Y Series. It is comprised of single and dual camera versions and includes a hardware kit as well as an SD card.
• On October 2019, Pitta Soft together with Mapillary developed a new dash-cam for mapping that utilizes computers and AI. It can capture anything between 1 and 30 frames every second. Its GPS is updated every 15 seconds to take every picture at the exact place. Dash cameras are designed to aid logistic companies in finding locations that meet strict deadlines.
• In June of this year, Garmin rolled out the Dash Cam 46/56/66W and the Dash Cam Mini. It included ultra-high-resolution video, GPS, embedded voice control, and a wide field view encompassing 140-degree and 180-degree field views. Certain models provide high-quality HD video in 1080p and 1440p quality and HDR.

(Source: econmarketresearch.com)

• By 2021 the European market was valued at US$ 1.76 billion. People in Russia were the first to utilize dashcams. The idea then was embraced by Germany, the U.K., and Germany. Europe has the majority in terms of market. Data from dashboard cameras are mandatory in Russia due to the fear of drivers who are rude as well as insurance fraud and accidents that weren’t properly analyzed due to lack of the appropriate technology.
• By 2021 North America had the second-largest market worldwide. This is because security officers across America U.S. are using dashcams to gather more evidence of crime. The majority of people who purchase dashcams are those who are employed by rideshare companies. While they are not mandatory, U.S. lawmakers are striving to make them so. In the time frame, they are predicting, it will lead to more people’s desire to purchase the products available in the market.

COV-19 Impact

Lack of Raw Materials and the components required to manufacture Dashcams which causes production delays and higher manufacturing costs

The global market saw an enormous drop in the beginning since the majority of cameras sold that are sold in Europe as well as North America are imported from Asian manufacturing units. The COVID-19 virus caused a temporary shutdown of manufacturing factories located in China, Taiwan, and Japan and caused a massive shortage of cameras within Western countries. The automotive industry experienced an extreme economic crisis because of the epidemic in the first quarter of 2020, with new orders for passenger vehicles and commercial vehicles declining significantly during the initial 2 quarters of the year 2020.

The industry was able to recover more quickly than was anticipated in 2020, and demand for new cars was steady among consumers. However, factories shut down because of pandemics caused shutdowns and the worldwide shortfall of silicon chips caused delays in the manufacturing of Dashboard Camera Statistics. Due to their complex nature chip manufacturers have been not able to meet the sudden growth in demand. This has led automakers to reduce production in the next few years.

Recent Strategies Applied to the Dashboard Camera Market

• Jan-February 2020: Samsung Electronics unveiled Digital Cockpit 2020 which uses 5G to connect, features both inside and outside of the vehicle, and offers connected experiences for passengers and drivers. Digital Cockpit 2020 includes eight displays in the vehicle and eight cameras.
• Jan.-February. Garmin International launched the Garmin Dash Cam Tandem, the dual lens dash camera. It provides drivers with full coverage of their surroundings in video. The front-facing camera lens, which is high-definition and 1440p and comes with Garmin Clarity HDR can capture clear footage that highlights vital vehicle information, and the interior lens, which has night vision, incorporates the Garmin-exclusive Night Glo technology that records all interactions between passengers and drivers even in dark.
• April 2019, 2019: Garmin International introduced the new Dash Cam 46/56/66W and the Dash Cam Mini, the most recent additions to the popular lineup of dashboard cameras. The new line features an ultra-compact design, high-resolution videos, and a large area of vision, GPS, and voice control. Garmin dash cams equipped with GPS include drivers too.
• February 2019: Panasonic System Solutions unveiled the AS-1 Camera. The camera is compact enough to be able to fit in the rearview mirror of a car and features distinct features that offer remarkable video evidence that is high-quality.
• Jun 2018: Papago launched the latest Go Safe S810 with a robust two-channel dash cam. The S810 tracks the driver’s actions on the roads and features the same features as the Sony Exmore Sensor.
• January 2017: Garmin International came into the partnership with Chinese automotive manufacturing company Dongfeng Peugeot-Citroen Automobile Limited (DPCA). The collaboration was targeted at expanding Garmin’s smart driving recorder (IDVR) technology. IDVR technology is focused on recording road-related footage with high-quality 1080p/30fps at a resolution of 1080p the most advanced systems for driver aids (ADAS).

Industry Dynamics

Growth Factors

The growing demand from regulators and consumers can disrupt the entire automotive industry through new developments in technology. Therefore, the massive investment by automakers in technological advancements and the growing concern about safety for both the vehicle and the individual is driving the Dashboard Camera Statistics market growth over the next few years. Presently, the government is working to reduce the rate of accidents and theft.

In the wake of these changing requirements dashboard cameras have been an essential, more popular vehicle component because they can lower the incidence of car thefts and accidents. This growing demand from several automotive companies to fit cameras on the dashboard of automobiles. For instance, in the year 2018, Citroen introduced its first vehicle that was sold in South Korea, with some built-in dashboard cameras. It’s generally integrated into the rear-view mirror, and it records video continuously unless the driver turns the setting off.

On the other hand, several insurance companies are helping to fund the growth in the demand for their product by offering discounts on car insurance because it helps reduce the risk of fraud through the detection of the events on video. Additionally, in 2018 more than 114,000 vehicle thefts were recorded within England and Wales which was an increase of more than eight thousand offenses in comparison to the year 2017. As a result, the government in these regions is using strict guidelines to introduce dashboard cameras, which will provide a profitable growth opportunity for the market over the coming years.

The Insight of Product

Based on the product segment, the single channel segment was the one with the highest stake in the dashboard camera market by 2020. The dashboard cameras that are 1-channel are typically referred to as single channels and are mounted on the windshield of the vehicle or dashboard, to display and record the roads ahead and behind the automobile. This is only the view in front of the dashboard camera. In addition, there has been a significant drop in the price per square inch (ASP) that comes with the single-channel dashboard camera which is expected to accelerate the market’s expansion.

The segment that is viewed from the rear is predicted to have the highest CAGR when it comes to revenue. The demand for dashboard rear-view cameras has experienced massive growth due to them allowing the vehicle’s direction to be controlled at a low speed, particularly in parking. Numerous vendors are launching new and cutting-edge rear-view dashboard cameras that provide real-time reverse vision and parking assistance lines. The factors discussed above for the rear-view dashboard camera are expected to increase the market’s growth over the next years.

Dashboard Camera Statistics By Application

The personal vehicle market is expected to see a significant increase in profits globally during the forecast time. There is a significant demand for products for personal vehicles, mainly due to the increasing awareness about the benefits of cameras on dashboards and the significant presence of traditional rules and regulations about road safety all over the world.

Furthermore, the top vendors on the market are adding dashcams with various functions for driver assistance. This has increased demand from automakers, resulting in having a significant market share in 2028. Commercial vehicles are predicted to be the most profitable across the globe because these devices are integral in observing the behavior of drivers, reducing accidents, and decreasing fraudulent claims of accidents.

Additionally, the introduction of double-channel cameras on dashboards within these vehicles is also likely to help fleet managers take a look at the entire image. These factors are all likely to support the growth of the market in the coming years.

The Global Market for Dashboard Cameras is size projections for 2012 to 2025.

(Reference: statista.com)

Based on Grand View Research’s report on market research globally, the Dashboard Camera Statistics marketplace will be 5.94 billion U.S. dollars by 2025. While different research firms rate the market differently they all estimate a market size that is firmly in the millions of dollars.

The market for vehicle cameras

Dashboard cameras are only one part of the camera market in vehicles and a variety of camera cases are becoming more standard features of newer automobiles. Side, internal, rear, and front cameras give drivers more vision to ensure safer merging, better access to parking spaces, and enhanced security. In 2020, it is estimated that the market for automotive sensors could reach the 40-billion mark in U.S. dollars by 2025.

Modern sensor technology

Advanced systems for driver assistance (ADAS) can be a major segment, which is usually found in the overall vehicle camera market. Since self-parking and autonomous driving technologies are becoming more feasible in the development of vehicles as well as the rise of autonomous vehicles cameras are a significant segment of the market. The majority of the world’s top automotive companies that are most innovative in this sector originate from Germany. Not surprisingly, the German company – Bosch dominates the market with more than $46 billion U.S. dollars in revenue.

Conclusion

Dashcam, also known as a dashboard camera is a camera that is mounted on the dashboard of a car and is also referred to as a car video recorder. The principal role of a dashboard camera is the precise and careful recording of every aspect of the road. This camera onboard continuously records the front view of the windshield of a car, and occasionally back as well as other glass. Dashboard cameras are mounted on the vehicle’s windscreen in front and, sometimes, the rear screen.

These Dashboard Camera Statistics show us the need for the camera, where demand for the camera has steadily increased and more people are becoming conscious of its use. The dashboard cameras gained considerable popularity over the last few years because of an increase in vehicle crashes. They are primarily used to help drivers record the incidents occurring in the rear and front sides of the vehicle. They keep them in an internal DVR box within the car.

Source:: Coolest Gadgets

Source:: Computer World

By Siôn Geschwindt

Fledgling AI startup EQTY Lab has unveiled the “first-ever” AI chatbot designed to provide accurate and authenticated climate data. AI tools such as ChatGPT and Google’s Bard have faced concerns over the accuracy of the information they provide, as they are trained on data scraped from the internet, but do not necessarily provide rigorous fact-checking. But EQTY Lab claims its open-source ClimateGPT service would provide “trust and transparency” as it draws on scientific data using a robust model that authenticates, secures, and governs the information provided. The model is integrated with Hedera, a public blockchain, which ensures the “highest standards…

This story continues at The Next Web

Source:: The Next Web

By Siôn Geschwindt

A European probe has found massive ice deposits beneath the equator of Mars, a finding that could alter our fundamental understanding of the red planet’s climatic history.  The discovery was made by the European Space Agency’s Mars Express orbiter. This veteran spacecraft has circled the red planet for 20 years, revealing several secrets about its past and present climate. While it’s not the first time the probe has found ice deposits, this is by far the largest amount of water ice ever detected at the equator of Mars. It’s estimated that the deposits are around 3.7km thick, which means that…

This story continues at The Next Web

Source:: The Next Web

By Barry Elad

Introduction

Android TV Box Statistics: As of reports, the global market size of Android TV boxes is expected to reach above $44651.60 million by the end of 2031 with a CAGR of 23.7% from 2021 to 2031. The Android TV box helps in making any normal TV into a smart TV along with enabling lots of features such as Amazon Prime, Netflix, DISNEY+, Discovery, etc. In recent years customers around the have preferred these advanced and new streaming services as they are available in shapes, sizes, and price ranges thus, the market share is expected to reach higher.

These Android TV Box Statistics include insights from various aspects that provide light on why Android TV Box is termed as one of the best services in recent days.

Editor’s Choice

• The total value of Android TV Box sales worldwide is expected to be $5.6 billion by the end of 2023.
• Each year, from 2023 to 2030, the market is predicted to grow by 24%.
• The Asia Pacific region is leading the market, holding more than 80% of the global market share, followed by North America and Europe.
• High demand is seen for Android TV Boxes supporting 1080K resolution and streaming content.
• Major companies in the market include Amazon.com Inc., Huawei Technologies Co. Ltd., ZTE Corporation, Skyworth Group Co. Ltd., NVIDIA
• Corporation, and Xiaomi Corporation.
• The global market value is expected to reach $19,510 million by 2027, growing at a rate of 24.8%.
• By 2028, the market size is projected to be $27937.11 million.
• The majority of traffic (92.89%) to box-android-tv.fr comes from organic search, followed by direct sources (6.1%) and referrals (1.01%).

What is an Android TV Box?

This a streaming device that needs to be plugged into Android TV so, that users can enjoy all exclusive online streaming services that are available on portable devices such as Smartphones, laptops, and tablets. They are also termed set-up boxes or set-top boxes, which can be plugged into television for transforming into smart TVs.

Global Market Share Statistics

• According to the Business Research Company analysis, the global market value of Android TV Box is expected to be around $8.41 billion by the end of 2023.
• On the other hand, by the end of 2027, the expected market size is going to be $19.97 billion, with a growth rate of 24.1% CAGR from 2023 to 2027.
• In the year 2022, the largest market of the Android TV Box was accounted for by the Asia Pacific region.

Additional Statistics For 2024

• Enhanced 4K Support: The demand for Android TV Boxes with 4K resolution capability is expected to increase significantly in 2024.
• Smart Home Integration: A rising trend in integrating Android TV Boxes with smart home systems is observed.
• Voice Control Features: More models are expected to offer advanced voice control features, leveraging AI technology.
• Increase in Streaming Services: A growth in partnerships with various streaming services, offering more content options to users.
• Growth in Emerging Markets: Rapid adoption is anticipated in emerging markets, contributing significantly to the overall market expansion.
• User Interface Improvements: Enhanced user interfaces with more customization options are likely to be a focus for new models in 2024.
• Rise in Gaming Capabilities: Some Android TV Boxes are expected to offer improved gaming experiences, appealing to a broader audience.

Android TV Box Statistics by Players

• Amazon.com Inc.:
  • Expected to hold a significant market share, with a focus on integrating its streaming services and smart home products with its Android TV Box offerings.
  • Continued innovation in user interface and content accessibility predicted.
• Huawei Technologies Co. Ltd.:
  • Anticipated to expand its market presence, particularly in Asia and Europe.
  • Likely to integrate advanced features like 5G technology and AI-enhanced streaming.
• ZTE Corporation:
  • Forecasted to focus on cost-effective Android TV Boxes, appealing to budget-conscious consumers.
  • May see growth in emerging markets due to affordable pricing strategies.
• Skyworth Group Co. Ltd.:
  • Expected to leverage its strong presence in the Asia-Pacific region.
  • Focus on high-quality video output and user-friendly interfaces could drive its market share.
• NVIDIA Corporation:
  • Anticipated to capitalize on its strength in gaming by offering Android TV Boxes with superior gaming capabilities.
  • May introduce new models with enhanced graphics and processing power for a better gaming experience.
• Xiaomi Corporation:
  • Likely to continue its trend of offering feature-rich Android TV Boxes at competitive prices.
  • Expected to see substantial growth in both domestic (China) and international markets.

4K Set-Top Box Market Analysis

(Reference: maximizemarketresearch.com)

• According to the reports of Maximize Market Research, the expected market size of the industry is going to be $10.21 billion by the end of 2029.
• The market growth of the industry is expected to reach a CAGR of 6.10% from 2022 to 2029.
• According to the Research and Market reports, the market size of this industry is going to be $6.4 billion by 2023 with a CAGR of 5.6%.
• The 4K Set-Top Box market in 2024 is characterized by rapid growth due to increasing demand for high-quality video content and advancements in television technology.
• The market is expected to witness a significant increase in value, driven by the widespread adoption of 4K TVs and the growing popularity of streaming services.
• Enhanced support for 4K streaming is becoming a standard feature in new models.
• Integration with emerging technologies like HDR (High Dynamic Range) and Dolby Atmos for improved audio and visual experience.
• A shift towards smart set-top boxes with voice control and AI-based recommendations.
• Increasing preference for devices with low power consumption and faster processing capabilities.
• North America and Europe continue to lead the market, with Asia-Pacific showing significant growth due to rising disposable incomes and digital infrastructure development.
• Major players like Roku, Apple, and Amazon are expected to release new models with advanced features.
• Smaller players are focusing on niche markets with cost-effective solutions.
• The high cost of 4K content production remains a challenge for content providers.
• Opportunities in integrating with smart home ecosystems and cloud-based services.
• Increased focus on data privacy and security standards for IoT devices, including set-top boxes.
• E-waste management and environmental regulations influencing product design and packaging.
• Companies are likely to invest more in marketing campaigns to educate consumers about the benefits of 4K technology.
  Partnerships with content providers and telecom operators for bundled services.
• The market is poised for continued growth with the ongoing transition to digital broadcasting and the proliferation of streaming services.
• Potential for integration with next-gen network technologies like 5G to enhance streaming capabilities.

Android TV Box Statistics by Segment Analysis

• The Android TV Set Top Box is segmented into Digital Cable, Terrestrial Digital, Satellite Digital, and IPTV.
• According to Allied Market Research, the global market size of IPTV is expected to reach around $146.2 billion by the end of 2031, with a CAGR of 9.5% from 2022 to 2031.
• The most used product types are 1080P and 4K in the market of Android TV Boxes.
• As of 2023, the commercial application segment is dominating the market of global Android TV box market with a share above 65%.
• In 2023, the Asia Pacific region will dominate the worldwide market accounting for a market share above 80%, which is followed by North America, Europe, etc.

Android TV Box Statistics by Website Traffic

By Country

(Source: similarweb.com)

• As of the above figure analysis, in July 2023 France had 85.99% of total traffic on box-android-tv.fr but recorded a decrease in the total website visitors by 17.83%.
• Furthermore, other countries recorded the following contribution in total traffic is Belgium with 6.49% (-15.3%), Switzerland = 2.04% (-53.22%), United Kingdom = 1.99%, Senegal = 1.985 (-75.74%).
• Lastly, the rest of the countries collectively made a share of around 1.51%.

By Age Distribution

(Reference: similarweb.com)

• As of October 2023, the box-android-tv.fr Statistics by the demographic state that, the highest number of users observed is between the age group of 18 years to 24 years resulting in 21.21%.
• There 19.39% of Android TV Box aged between 25 years to 34 years.
• 17.07% and 16.73% belong respectively to 35 years to 44 years and 45 years to 54 years.
• 15.73% of users are aged between 55 years to 64 years.
• And there is 9.87% of Android TV Box contributing from the age group of 65 years and above.
• As of the report analysis, there are 80.03% male users and 19.97% females.

Android STB Statistics

(Source: marketresearchfuture.com)

• According to the reports of Market Research Future, in 2023 the market size of the Android set-top box is projected to grow by $73.16 billion.
• By the end of 2032, the market share is going to reach around $208.28 billion with a CAGR of 13.97% from 2023 to 2032.
• In 2022, the android STB market segment is going to be dominated over the world with a share of 80% share with market revenue of around $51.4 billion.
• Based on application, the residential segment is dominating the overall market with a share of 67% with $43 billion in market revenue.
• North American region covered the highest market share which is around $29.4 billion, which is followed by Europe, Asia-Pacific, and the rest of the world.

Best Android TV Boxes

MyGica ATV1960

• This includes powerful Cortex A53 Octa Core COU and ARM Mali-T820MP3 GPU.
• This device supports 2.4GHz and 5.0 GHz settings, 10/100 Ethernet interface, latest Android 7.1 OS.
• Other features include several USB ports, HDMI ports, Wi-Fi connectivity options, and a voice control remote.

HKML Android TV Box

• This device includes effective features such as 4K resolution, a 1.5 GHz quad-core processor, supports 4.2 Bluetooth, 2.4 GHz Wi-Fi, 32GB storage space, and 4GB of memory.
• The benefits are available at a very affordable price of less than $75, which enables 3G imaging, excellent processor, and memory support.

Xiaomi Mi Box S 4K HDR Android TV

• The important feature of this device is the ARM Cortex A53 quad-core processor which enables an effective CPU clock rate range of 957 MHZ to 2.65 GHz per core.
• This Android TV box supports 2.4 GHz wireless connectivity that is compatible with 5G Wi-Fi and supports 4.2 Bluetooth.
• Effective advantages are running under the latest Android OS (Android 8.1), supports 3D and 4K compatibility, and Built-in Google Assistant.

C Cosycost Android TV Box

• The effective features are the latest Android 11.0 OS, which supports 4K resolution, 3D graphics, 4GB of DDR3 RAM, and 32 GB storage.

Yagala TV Box (T95 Android 10.0 Smart Box)

• This device is included with Cortex TM A53 processor and Amlogic’s Allwiner H616 chipset.
• Other features are 4GB of DDR3, 32GB of eMMC flash memory, and are integrated with 5.0 Bluetooth.

Conclusion

As of today, after completing the article on Android TV Box Statistics it can be easily stated that these are the most affordable and versatile devices that allow a traditional TV to transform into an Android smart TV in which users can access a wide range of streaming services and apps too.

There are several advantages of using this device such as users can watch preferred videos, regular network shows on a big screen as well as can play games. This article includes possible statistics; hope will help in understanding the basic details about the topic effectively.

Source:: Coolest Gadgets

By Barry Elad

Introduction

Gaming Consoles Statistics: As of reports, by the end of 2026, the global market share of the gaming console industry is expected to be above $75.54 billion. The market share of this industry is growing enormously around the world and the main factors of the market growth are additional perks, features connecting with the consoles, technological advancement, and rapid urbanization.

These Gaming console statistics include insights from various aspects that provide light on how fast the market is enhancing around the world in recent days.

Editor’s Choice

• The total money made from gaming consoles globally is expected to reach $24.1 billion by the end of 2024.
• From 2024 to 2028, the gaming consoles market is predicted to grow at a rate of 2.12% each year.
• In the United States, the money made from gaming consoles is likely to be $7,484 million by the end of 2024.
• On average, the revenue generated from each person for gaming consoles is estimated to be $3.11 in 2024.
• The total number of gaming consoles expected to be sold by the end of 2028 is 63.49 million units.
• In 2025, the number of consoles sold is expected to increase by 1.9%.
• In 2023, the biggest part of the market was for console hardware (like PlayStation, Xbox), making $19 billion.
• The annual growth of the console hardware market is expected to be 1.4% by the end of 2023.
• The PlayStation 5 was the most popular game console worldwide in 2023, with 45.4 million units sold.
• As of February 2023, Tetris is the top-selling console game, with more than 520 million units sold globally.

Facts of Gaming Consoles

• According to the reports of Techpenny, by the end of 2023, there will be more than 3 billion active video gamers around the world.
• In 2023, revenue generated by gaming consoles will be more than PC gaming.
• In the United States, 40% of adults own a gaming console such as PlayStation or Xbox.
• In the 1st quarter of 2023, global game console shipment has grown by 32% and has reached 10.3 million units.
• According to the reports of Market Research Future reports, by 2027 the market size of the portable gaming console is expected to reach $17 billion with a CAGR of 6%.
• As to reports, the projected market size of global 3D gaming consoles is going to be $23.5 billion by the end of 2026 with a CAGR from 2021 to 2026.
• According to IMARC reports, the key players in the market are Advanced Micro Devices Inc., Ataaru VCS LLC, Bandai Namco Studios Inc., Microsoft Corporation, Nintendo Co. Ltd., NVIDIA Corporation, and Sony Group Corporation.

General Gaming Consoles Statistics

• As of graph analysis, the gaming console market size in 2023 resulted in $53.36 billion and $75.54 billion by the end of 2028 with a CAGR of 7.20% from 2023 to 2028.
• According to top gaming statistics by developers, 31% of developers are working for PlayStation5 in the context of next-generation consoles.
• According to the reports of Data Bridge Market Research, the global market size of Gaming consoles is supposed to reach $115.42 billion by the end of 2029 and is expected to reach a CAGR of 9.5% from 2022 to 2029.
• According to the reports of Mordor Intelligence, by the end of 2023, the expected market size of the gaming console industry has reached $53.36 billion.
• Whereas, the revenue earned by this industry is expected to grow at a CAGR of 0.4% from 2020 to 2026.
• By the end of 2023, the global gaming console market is expected to grow at a CAGR of 4.3% from last year.
• In 2022, globally the bestselling video game console is Nintendo Switch with above 19 million units.
• According to reports, around the world average time spent on gaming consoles is almost 7.11 hours per week.
• In 2023, approximately 3.26 billion people around the world have played video games via consoles, PCs, tablets, and smartphones.

(Source: mordorintelligence.com)

Connected Game Console Statistics

• According to Future Market Insights, revenue earned by the connected game console market in 2023 resulted in $19.5 billion and is expected to reach $75.2 billion by the end of 2033 with a CAGR of 14.4% from 2023 to 2033.
• As of 2023, the largest connected game console market share was generated by the North American region and is expected to reach $18.5 billion by 2033.
• Whereas in the United States, the connected game console market is going to grow at a CAGR of 11.3% resulting in $5 billion in revenue in 2023.
• Whereas, the market in South Asia and the Pacific region is expected to grow at a CAGR of 18.6% from 2023 to 2026.
• In the East Pacific region, China has adopted the highest connected game console in 2023 and is predicted to grow at a CAGR of 16% from 2023 to 2033 resulting in $4.7 billion by 2022.
• Whereas, in Japan, the market share of the connected game console market is expected to grow at a CAGR of 18.1% from 2023 to 2033 and result in $3.4 billion by 2024.
• Based on application, the non-gaming segment is expected to grow at a CAGR of 16.1% from 2023 to 2033.
• According to the reports of FMI, the console service segment is expected to reach a CAGR of 13.3% from 2023 to 2033.
• Based on application, the highest growth is going to be captured by the gaming segment with a CAGR of 16.1% from 2023 to 2033.

Gaming Console Statistics by Type

(Reference: statista.com)

• As of the above graph analysis 2023, the market value of global console statistics by types is followed by physical hardware ($19 billion), physical software ($8 billion), digital full game ($8 billion), add-on content ($15 billion), and subscription ($10 billion).
• Whereas in 2024, gaming console expected revenues by type are followed by physical hardware ($18 billion), physical software ($6 billion), digital full game ($8 billion), add-on content ($17 billion), and subscription ($11 billion).
• Lastly in 2025 and 2026 predicted revenue earned by gaming console types are physical hardware ($19 billion and ($17 billion), physical software ($6 billion and ($6 billion), digital full game ($8 billion and $7 billion), add-on content ($19 billion and $19 billion), and subscription ($11 billion and 12 billion) respectively.

Gaming Content Market Value Statistics by Distribution

(Reference: statista.com)

• As of the above graph analysis, in 2023 total console gaming market sales have resulted in almost $33.4 billion and $41.9 billion by PC gaming market around the world. Whereas, in 2023 packed gaming sales resulted in $7.6 billion.
• In 2024, the expected sales value of the gaming console market is $35.6 billion, and $37.8 billion by the end of 2025.

Console Game Statistics by Sales

• As of February 2023, the best-selling console game is Tetris with sales of over 520 million unit shipments around the world.
• , Minecraft is the 2nd best-selling console across the world with sales of more than 238 million copies of the game.
• As of May 2023, the best-selling console video game is PlayStation 2 with 156 million units around the world.
• As of 2023, the most-selling current-gen game console around the world is PlayStation 5 resulting in 45.4 million units.
• As of Statista reports by December 2023, Nintendo’s Switch is one of the top 5 best-selling console games with over 131 million units.

Console Gaming Statistics by Demographics

• According to the reports of Statista, by June 2023 around 11% of people are usually spending above 20 hours per week playing video games in the United States of America.
• Whereas, 30% of U.S. console gamers approximately spent 1 to 5 hours per week playing video games in 2023.
• As of Statista survey analysis, in September 2023 in the U.S. 28% of people aged between 20 years to 29 years played console video games regularly.
• During the same period, 58% of males and 42% of females played console games in the U.S. by September 2023.
• In 2023 based on genres, 62% of U.S. console gamers played action games and 47% of gamers played shooter games.
• According to reports, around the world average time spent on gaming consoles is almost 7.11 hours per week.
• According to data shared by ZarkCentral, in Europe, time spent on gaming consoles is approximately 7.98 hours per week.
• 35% of United States console gamers are aged between 18 years to 34 years, whereas other age groups of console gamers in countries are 34% in Japan (10 years to 19 years), and 46% in the United Kingdom (above 35 years).
• Based on income level, 54% of adults’ annual earnings is $75,000 are own a single gaming console.

Console Gaming Statistics by Country

• According to Statista Market Insights in the United States, revenue generated by the market is predicted to be $7.4 billion by the end of 2024.
• Revenue generated by other top countries in 2024 is followed by Japan ($2.9 billion), the United Kingdom (42. billion), France ($1.5 billion), and Germany ($973.2 million).
• Whereas, the projected market growth is expected to reach a CAGR of 1.12% (Japan), 2.93% (United Kingdom), 1.39% (France), and 1.84% (Germany) from 2024 to 2028.

Console Gaming Statistics by Region

(Source: technavio.com)

• According to the reports of Technovia, the gaming console industry in the Asia Pacific region, the growth rate is expected to reach 51% from 2017 to 2027.
• As of 2024, revenue earned by the APAC region over the gaming consoles market is expected to be $5.8 billion with a CAGR of 2024 to 2028.
• Furthermore, others are followed by Europe, the Middle East, and Africa (EMEA) region expected market revenue is $9.3 billion (1.92% of CAGR), in the Latin American region (4537.6 million) with a CAGR of 3.02% from 2024 to 2028.

Console Gaming Statistics by Shipment Share

(Source: gizmochina.com)

• As of reports in the console field, Sony is leading over Microsoft in 2023.
• In the 3rd quarter of 2023, in the market of gaming consoles market, Sony Corporation is leading with its PlayStation 5 with a market share of 54%.
• In the 2nd quarter of 2023, the sales of Play Station 5 accounted for 4.9 million units, and Spider-Man 2 with 5 million unit sales.
• Whereas in 2023, Nintendo’s shipments have dropped by 15% from last year but kept a strong share of 27% market share as of now.
• It is expected that by the end of 2024, shipment units of Nintendo Switch is going to reach 15 million units.
• Microsoft’s Xbox Series X/S shipments have also declined by 6% in 2023 resulting in 1.8 million units.
• On the other hand, the market share of Xbox Series X will account for 72% product share by 2023.

(Source: googleusercontent.com)

• According to the reports of True List in the 1st quarter of 2023, the leading gaming console sales were accounted by PlayStation 5 resulting in 1.2 million units which is followed by Nintendo Switch (1.1 million units sold), and Xbox Series (450 K units sold).

Console Gaming Statistics by Operating System

(Reference: statcounter.com)

• As of the above chart representation analysis, the market share of console operating systems in the year 2023 is followed by January (PlayStation = 85.2% and Xbox = 14.76%), April (PlayStation = 84.34% and Xbox = 15.55%), August (Xbox = 96.96% and PlayStation = 3.03%), December (Xbox = 75.66%, PlayStation = 24.32%, and Nintendo = 0.02%).

Conclusion

As of today, looking at the Gaming Consoles Statistics, there are millions of Gaming Consoles fans spread around the world. Gaming consoles started becoming popular gradually after the COVID-19 pandemic. Along with the implementation of advanced technological enhancement thus, the gaming console industry is raising billions of revenue share enormously in coming years.

The market growth of global gaming consoles is expected to grow at a CAGR of 4.11% from 2023 to 2028. This article includes several effective statistical analyses that are segmented into different sections and explained elaborately above, hope this will help in understanding the topic better.

Source:: Coolest Gadgets

By Hisan Kidwai

Ever since its introduction in 2022, generative AI has taken the world by storm, offering users and professionals a way to convey their ideas in a meaningful way. But there are some other creative ways to use AI as well. Let’s assume you are on your way to get a fresh haircut but aren’t sure…

The post 4 AI Websites/Apps You Can Use To Change Your Hairstyle appeared first on Fossbytes.

Source:: Fossbytes

By Thomas Macaulay

On a cold winter’s night in London, Arsenal captain Martin Odegaard stood alone on the pitch. As football fans flocked into the 60,000-seat stadium, his teammates warmed up for the match by blasting shots against the goal. Odegaard had another plan. The 25-year-old wandered into a deserted patch of grass and began his routine. Suddenly, one training staff passed the ball towards his feet while another closed him down from behind. In response, Odegaard quickly glanced over his shoulder, checked where the defender was, and turned the other way.  That was it: check, the shoulder, took a touch. Again and…

This story continues at The Next Web

Source:: The Next Web

By Siôn Geschwindt

A private space mission launched four European astronauts to the International Space Station on Thursday, in a milestone for a region desperate to boost its space credentials following a series of setbacks.   A SpaceX Falcon 9 rocket blasted the astronauts into orbit, launching from NASA’s Kennedy Space Center in Florida. The spacecraft is expected to arrive at the ISS in the early hours of January 20. Spanish astronaut Michael López-Alegría will lead the space crew. Also on board is Walter Villadei of the Italian Air Force, Alper Gezeravcı from Turkey, and Marcus Wandt of Sweden. Gezeravcı is Turkey’s first-ever astronaut.…

This story continues at The Next Web

Source:: The Next Web

By Siôn Geschwindt

French startup Kermap has developed a ‘digital twin’ of the Earth that claims to offer the most up-to-date views of our home planet.  The programme is called Nimbo Earth Online and it is the only platform providing new satellite views of the world every month, without clouds. Google Earth refreshes its imagery every several months to years, depending on location. AI-powered Nimbo’s chronological views of the world rely on Sentinel 1 and 2 satellite images supplied by the EU’s Copernicus programme. The images are available to view in both 2D and 3D. Clouds are completely removed from the photos through…

This story continues at The Next Web

Or just read more coverage about: Google

Source:: The Next Web

By Hisan Kidwai

After months of anticipation, Samsung has finally unveiled the S24 series. And while the devices may look similar to the previous generations, under the hood, the company has introduced some major changes with the new Galaxy AI. Here is everything you need to know about it – What is Galaxy AI? To put things into…

The post Every New Samsung Galaxy AI Feature Explained appeared first on Fossbytes.

Source:: Fossbytes