以下文章来源于和讯商业 ，作者康嘉林 和讯商业 . 商业世界的故事、逻辑、认知。由"和讯商业"团队出品。 6 月 2 日晚间，影石创新（688775.SH）公布"打新"中签率 为 0.0355% 。 影石创新于 5 月 30 日正式开启发行申购，发行价 47.27 元 / 股，总市值 170 亿元，中信 证券为其保荐人。 影石创新是全景相机市场的 "王者"。区别于传统相机，全景相机能 360 度无死角拍摄，可以一次性把"前后左右上下的场景"全部拍进画面，成像后滑动屏幕可看 到整个环境。 这种堪称魔性的拍照玩法，还在 2025 年的社交平台上掀起了一阵旅行转场热潮： 戴着 insta360 相机，大头钉环游地球。 截至 5 月 27 日，在小红书上，该话题下已经有 478 万浏览量，其实，在"大头钉"成为流量密码前，用影石运动相机滑雪、全景相机的隐形自拍杆复刻《黑客帝 国》里的"子弹时间"等视频，也都收获了影像爱好者海量的关注。 用户的热情也让影石创新有了 "小大疆"的业界美誉，份额连续摸高，据弗若斯特沙利文的机构数据显示，截至 2023 年，影石i nsta360 在全球全景相机的市场份 额连续六年第一， 2 ...

（原标题：差点被南京大学开除的"技术帝"，成了相机"新王"） 6月2日晚间，影石创新（688775.SH）公布"打新"中签率为0.0355%。影石创新于5月30日正式开启发行 申购，发行价47.27元/股，总市值170亿元，中信证券(600030)为其保荐人。 影石创新是全景相机市场的"王者"。区别于传统相机，全景相机能360度无死角拍摄，可以一次性把"前 后左右上下的场景"全部拍进画面，成像后滑动屏幕可看到整个环境。 这种堪称魔性的拍照玩法，还在2025年的社交平台上掀起了一阵旅行转场热潮：戴着insta360相机，大 头钉环游地球。 截至5月27日，在小红书上，该话题下已经有478万浏览量，其实，在"大头钉"成为流量密码前，用影石 运动相机滑雪、全景相机的隐形自拍杆复刻《黑客帝国》里的"子弹时间"等视频，也都收获了影像爱好 者海量的关注。 在相机时代迟暮，手机影像不断内卷、进步的时刻，影石创新做对了什么？ 这就不得不提创始人刘靖康的创业经历。 在创立影石创新前，刘靖康曾组建团队推出了一个名为"名校直播"的APP，以视频采集与分发的方式， 试图让更多同学看到名校的讲座内容。 用户的热情也让影石创新有了"小大 ...

Core Viewpoint - DJI is set to launch its first consumer-grade panoramic camera, DJI Osmo360, in July, which may disrupt the panoramic camera market [1] Company Summary - DJI's new product, DJI Osmo360, has received certification from the Federal Communications Commission (FCC) as early as October 2024 [1] - The design of DJI Osmo360 features a dual-lens symmetrical structure and a more compact body compared to mainstream panoramic cameras on the market [1] - The camera is equipped with a 1950mAh battery, matching the specifications of DJI's action camera, Osmo Action5Pro [1] Industry Summary - The introduction of DJI Osmo360 is expected to shake up the panoramic camera segment, indicating potential changes in market dynamics [1]

作者 | 张子怡 产品图 全景相机为影像领域的细分赛道，规模虽小，但成长迅速。 大疆这款产品早在2024年10月就通过美国联邦通信委员会（FCC）认证。从FCC披露的设计图来看，DJI Osmo 360采用双镜头对称结构，机身比市 面上主流全景相机更为紧凑。其内置1950mAh电池，与其运动相机Osmo Action 5 Pro规格一致。 （图片来自FCC） 目前主流的全景相机形态多为立杆式，在剧烈运动时，可能会出现不稳定的情况。根据FCC图片，大疆的产品更扁平，更容易收纳、携带和固 定。 编辑 | 袁斯来 近日，硬氪从知情人士处独家获悉，大疆计划于7月推出其首款消费级全景相机DJI Osmo 360，全景相机赛道或将洗牌。 大疆的加入是否会彻底改写现有市场格局值得观察，全景相机市场还远未到终场。 根据Frost & Sullivan统计，全球全景相机零售市场规模将从2017年的25.1亿元增长至2027年的78.5亿元，年复合增长超过10%。相比Go Pro等厂 商，大疆进入影像赛道稍晚，但无疑是一个更为强悍的对手。 2018年，大疆发布了灵眸Osmo Pocket口袋云台相机，2019年发布Osmo Ac ...

Core Insights - The article highlights the rise of Insta360, a Chinese company, which is set to launch its IPO on the STAR Market, becoming the first camera brand to enter the A-share market after nearly five years of preparation [2][3] - Insta360 has achieved a remarkable compound annual growth rate (CAGR) of 65% over the past three years, with its core product, the panoramic camera, holding a global market share of 67% in 2023, significantly up from 47% in 2021 [4] - The company is positioned to generate revenues of 5.6 billion yuan and a net profit of 1 billion yuan in 2024, contrasting sharply with GoPro, which is facing significant losses [4][19] Company Overview - Insta360 was founded only ten years ago and has quickly established itself as a competitor to GoPro, which has been the market leader in action cameras for years [15][18] - The company has effectively leveraged the rise of social media and streaming platforms to capture market share in a declining traditional camera market [4][7] - Insta360's innovative product design, such as the Nano panoramic camera, has addressed consumer pain points by enabling easy connectivity and sharing [16] Competitive Landscape - The article discusses the historical dominance of Japanese brands like Nikon and Canon in the camera industry, which has been disrupted by the rise of smartphones and companies like GoPro [7][8] - GoPro's strategic missteps, including its attempt to pivot towards becoming a software company, have left it vulnerable to competition from Insta360 and other emerging brands [21][23] - The article notes that GoPro's market value has plummeted by over 90% since its IPO, while Insta360 is on a growth trajectory [20][42] Market Trends - The rise of short video platforms like TikTok has created a favorable environment for Insta360, allowing it to capitalize on the demand for user-generated content [28][30] - Insta360's latest flagship product, the X5 panoramic camera, boasts superior specifications compared to GoPro's offerings, indicating a shift in competitive dynamics [32][34] - The company has adopted a free model for its AI editing software, contrasting with GoPro's subscription-based approach, which has implications for user engagement and revenue generation [35][36] Industry Dynamics - The article emphasizes the importance of the Guangdong-Hong Kong-Macau Greater Bay Area in supporting Insta360's growth through a robust supply chain [42][44] - The efficiency of Insta360's supply chain, primarily based in Shenzhen, has contributed to its higher profit margins compared to GoPro, which relies on outsourced manufacturing [43] - The competition between Insta360 and GoPro is framed as a broader contest between the innovation ecosystems of China and Silicon Valley [46][47]

金十数据5月19日讯，近日，佳能（中国）商务统括本部项目副总经理栗开宇在2025年P&E照相机械影 像器材与技术博览会接受采访时透露，2025年一季度，全球相机市场保持持续增长，而中国市场更是表 现优异增速最快，整体出货量增长24.1%，微单出货量增长21.8%，达到全球出货量增幅的2倍左右。 今年一季度中国相机市场整体出货量增长24.1% ...

父母遗忘在角落的卡片机被Z世代年轻人捧红了。智能手机的拍照技术不断迭代，但不追求完美真实的 年轻人们，喜欢上卡片机糊糊的画质和独有的氛围感，不惜到二手市场高价入手。 "CCD是什么梗吗？"第一次听说的人不免疑惑。事实上，CCD全称为电荷耦合器件，是一种半导体图像 传感器，普遍应用于早期的数码相机，又被称为卡片机，后被CMOS技术所取代。 不同于手机拍照技术所呈现出的完美真实，CCD卡片机的低像素、颗粒感、高饱和度色彩等与其形成 强烈反差，略糊的画质极具氛围感和复古风，易拍出年轻人喜欢的"松弛感照片"，被称为"出片神器"。 国内外明星和各路博主下场安利下，2020年左右，这个流行于21世纪初的老物件摇身一变成"电子古 董"，不仅是社交媒体的热门话题，还逐渐成为数码相机/卡片机的代名词，二手市场的价格水涨船高， 供不应求。 除了复古的质感，卡片机轻巧易操作，价格远低于微单和单反，被Z世代年轻人视为"情绪价值器"。广 东本土相机制造商家快速嗅到商机，快速推出年轻人专属的卡片机，将老网红变为新晋顶流。 在深圳做了20多年相机的丁辉是其中之一。深圳坐拥"中国电子第一街"华强北，消费电子产业经过多年 发展，拥有从上游的芯 ...

Core Viewpoint - The resurgence of retro-style cameras, particularly among the Z generation, has created significant market opportunities for domestic brands like KOMERY, which have successfully tapped into this trend through targeted product development and strategic use of e-commerce platforms like Pinduoduo [1][2][12]. Group 1: Market Trends and Consumer Behavior - In 2022, a retro photography trend emerged on social media, driven by young influencers using CCD cameras, which resonated with students who needed alternatives to smartphones in schools [1][4]. - The demand for retro filters and nostalgic aesthetics has led to a surge in sales for domestic brands, with KOMERY achieving sales of 50 million yuan on Pinduoduo in 2021, marking a growth rate of over 20 times [1][12]. - Students, unable to carry smartphones in schools, turned to affordable CCD cameras, leading to a rapid sell-out of KOMERY's initial product offerings [4][9]. Group 2: Company Strategy and Development - KOMERY, founded by Ding Hui, transitioned from an OEM model to developing its own brand after recognizing the limitations of relying on foreign markets [6][7]. - The company capitalized on the rise of e-commerce, particularly Pinduoduo, which provided a favorable environment for new brands with low customer acquisition costs and supportive policies [8][9]. - By 2019, KOMERY's C6 series camera sold out 5,000 units in just 72 hours, demonstrating the effectiveness of their market positioning and product design tailored to student needs [9][10]. Group 3: Competitive Landscape and Future Outlook - The domestic camera industry is facing increasing competition and product homogeneity, prompting brands like KOMERY to innovate and differentiate through technology and user experience [12][15]. - KOMERY is exploring advanced features such as optical zoom and AI capabilities to enhance product offerings and compete with international brands [12][16]. - The support from Pinduoduo's initiatives, including the "100 Billion Subsidy" program, is expected to further accelerate the growth of domestic brands in the camera market [14][16].

高光谱相机技术是基于非常多窄波段的影像数据技术，它将成像技术与光谱技术相结合，探测目标的二维几何空间及一维光谱信息，获 取高光谱分辨率的连续、窄波段的图像数据。高光谱相机技术发展迅速，常见的包括光栅分光、声光可调谐滤波分光、棱镜分光、芯片 镀膜等。可以应用在食品安全、医学诊断、航天领域等领域。 中国高光谱相机发展现状及未来趋势 2023 年，中国高光谱相机市场规模达到了 30.59 百万美元，预计 203 1 年将达到 103.77 百万美元，年复合增长率（ CAGR ）为 18.29% 。过去，高端高光谱相机市场主要被国外品牌占据，但近年来国内企业加大了研发投入，技术水平不断提高，国产高光谱相机在性能上 已逐渐接近国际先进水平。同时，国产产品具有价格优势和本地化服务优势，能够更好地满足国内客户的需求，在国内市场的份额有望 逐步提高，实现进口产品的替代。 中国市场核心厂商包括彩谱科技、双利合谱、中达瑞和、 Specim 、 Headwall Photonics 、杭州高谱成像技术有限公司、奥谱天成（厦 门）光电有限公司、 Cubert 、 IMEC 等，按收入计， 2024 年中国市场前三大厂商占有大约 60 ...

2经济表述：认为失业率和通胀双双上行的滞胀风险正在逐步增加。 5月联储议息会议摘要 整体会议"索然无味"，"相机抉择"贯穿始终。 1降息表述：耐心+观测数据+不急于降息。 相机抉择是本次会议主题词。 5月联储议息会议摘要 整体会议"索然无味"，"相机抉择"贯穿始终。 1降息表述：耐心+观测数据+不急于降息。 相机抉择是本次会议主题词。 3通胀方面：关税的通胀效应可能更加顽固，很大程度取决于关税的幅度和延续时长。 相较上月，鲍威尔不再认为关税的通胀影响是" 2经济表述：认为失业率和通胀双双上行的滞胀风险正在逐步增加。 3通胀方面：关税的通胀效应可能更加顽固，很大程度取决于关税的幅度和延续时长。 相较上月，鲍威尔不再认为关税的通胀影响是"transitory"。 4就业方面：认为经济增长的不确定性进一步（Further）增加。 。 ...