With Insta360's successful debut on the A-share market, the panoramic camera, a specialized segment within the broader imaging industry, has garnered significant attention from the capital markets. The burgeoning demand for content creation and the proliferation of diverse short video formats have fueled rapid expansion in the market for terminal imaging equipment. Industry projections indicate that the global retail market size for panoramic cameras will escalate from 2.51 billion yuan in 2017 to 7.85 billion yuan in 2027, exhibiting a robust compound annual growth rate exceeding 10%. This burgeoning blue ocean market is enticing numerous hardware manufacturers to actively position themselves within it. Rumors abound that DJI, the world's leading drone manufacturer, will introduce its inaugural consumer-grade panoramic camera next month. Numerous investment institutions remain optimistic about the industry's growth prospects and emphasize that artificial intelligence (AI) will usher in even more innovative opportunities for the sector.