Global Volumetric Video Market, By Volumetric Capture (Hardware, Camera Unit, Processing Unit, Software, Photogrammetry Software, Services), Application (Medical, Sports, Events, & Entertainment, Signage & Advertisement, Education & Training, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights : Global Volumetric Video Market
The volumetric video market is expected to witness market growth at a rate of 26.85% in the forecast period of 2021 to 2028, and is estimated to reach the value of USD 11.83 billion by 2028. Data Bridge Market Research report on volumetric video market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The increase in demand for the product for various industrial applications globally is escalating the growth of volumetric video market.
Volumetric video refers to the process which assists in capturing the object irrespective whether it’s a 2D or 3D object. It could be static or a moving object, or it also can be a location. Motion sensing techniques is required for moving 3D objects, and static is done using imaging. Imaging of 2D or a 3D object is generally done by using In-depth sensors. This could be directly placed at the body of the object or it can be scanned through using 360 degree cameras.
The rise in usage in AR/VR applications devices across the globe acts as one of the major factors driving the growth of volumetric video market. The proliferation of content delivery devices driving demand for 3D content, and use of volumetric video by medical professionals to imagine the parts of the body in a better and simpler way accelerate the market growth. The rise in demand for 3d/360° content in entertainment sector, and increase in the number of studios which are involved in the volumetric content production for filmmaking and gaming applications further influence the market. Additionally, rapid urbanization, increase in demand for enhanced match viewing experience and rise in need for advanced medical image-guide surgery positively affect the volumetric video market. Furthermore, applications of volumetric video for progressive medical imaging and image-guided surgery extend profitable opportunities to the market players in the forecast period of 2021 to 2028.
On the other hand, high cost associated with the production of volumetric video, and less effective projection under sunlight are expected to obstruct the market growth. The requirement of complex software solutions for image processing, and lack of standardization in 3D content creation are projected to challenge the volumetric video market in the forecast period of 2021-2028.
This volumetric video market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info volumetric video market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Volumetric Video Market Scope and Market Size
The volumetric video market is segmented on the basis of volumetric capture and application. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of volumetric capture, the volumetric video market is segmented into hardware, camera unit, processing unit, software, photogrammetry software and services.
- On the basis of application, the volumetric video market is segmented into medical, sports, events, & entertainment, signage & advertisement, education & training and others.
Volumetric Video Market Country Level Analysis
The volumetric video market is segmented on the basis of volumetric capture and application.
The countries covered in the global volumetric video market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the volumetric video market due to the adoption of technologically advanced solutions and an early adopter of emerging technologies within the region. Asia-Pacific is expected to witness significant growth during the forecast period of 2021 to 2028 because of the high demand for volumetric solutions in various industries in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Volumetric Video Market Share Analysis
The volumetric video market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to volumetric video market.
The major players covered in the volumetric video market report are RealView Imaging Ltd, 8i Limited, LightSpace Technologies, Facebook, Google, The Coretec Group Inc., Voxon Photonics, Jaunt, Inc., Omnivor, Inc., Hammerhead, Unity Technologies, HypeVR Technology, OTOY Inc., Stereolabs, Microsoft, and Intel Corporation, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.