What is the Historical Analysis of the Volumetric Video Market Size?
The volumetric video market has seen considerable growth due to a variety of factors.
• The size of the volumetric video market has seen substantial growth in the past few years. It is projected to expand from $2.82 billion in 2024 to $3.58 billion in 2025, with a compound annual growth rate (CAGR) of 26.7%.
Factors contributing to the growth during the historic period include an upswing in consumer demand for immersive content, investments in the media and entertainment sector, broadcasting of live events and sports, integration into the gaming industry, and applications in education and training.
What Are the Future Growth Projections for the Volumetric Video Market?
The volumetric video market is expected to maintain its strong growth trajectory in upcoming years.
• The market size of volumetric video is set to experience substantial expansion in the forthcoming years, expected to reach $10.77 billion by 2029, with a compound annual growth rate (CAGR) of 31.7%.
The predicted growth during the forecast period is due to factors such as the use of this technology in healthcare, enhancements in content creation tools, experiences provided by theme parks, widening scope of volumetric video studios globally, standardization efforts and better accessibility. Alongside this, future trends range from advancements in capture technology to the launch of cloud services for volumetric videos, collaborations, partnerships and the rise of virtual events and real-time volumetric video streaming.
What Key Factors and Trends are Driving the Growth of the Volumetric Video Market?
The increase in the application of augmented reality is anticipated to drive the expansion of the volumetric video market. Technology for capturing volumetric video is a technique that brings a three-dimensional space into a digital format, be it an object, a volume of space, or an environment, using an array of cameras focused on a specific target in real time. Augmented reality has been effective in cultural heritage applications, such as managing exhibition data, reconstructing architectural and environmental heritage, representation, curating exhibitions, and storytelling. For instance, VeeRuby Technologies Pvt Ltd., a company based in India that specializes in AR and VR development, predicts that there will be 1.4 billion active AR user devices by May 2023. The company also anticipates that AR will generate revenue of $340 billion by 2028. Therefore, the rising usage and adoption of AR devices is likely to stimulate the market in the coming years.
What Are The Major Segments Within The Volumetric Video Market?
The volumetric video market covered in this report is segmented –
1) By Component: Hardware, Software, Services
2) By Content Delivery: Projectors, AR/VR Head-Mounted Display (HMD), Smartphones, Volumetric Displays
3) By Application: Sports And Entertainment, Medical, Signage And Advertisement, Education And Training
Subsegments:
1) By Hardware: Cameras, Sensors, Storage Devices, Processing Units
2) By Software: Video Capture Software, Editing Software, Playback Software, Integration Software
3) By Services: Consulting Services, Implementation Services, Support And Maintenance Services
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Which Trends Are Expected To Transform The Volumetric Video Market?
The surge in technological progress marks a key trend gathering momentum in the volumetric video market. Cutting-edge technologies facilitate clarity in delivery and interconnected logistics routes. For example, in February 2022, Wild Capture, an American volumetric technology platform and creative services studio, introduced the Digital Human Platform. This platform is designed to advance XR technologies and provide end-to-end production services for crafting digital humans, volumetric crowds, and CG fashion for sectors like media production, software, web-based deliveries, and volumetric video.
Who Are the Key Players in the Volumetric Video Market?
Major companies operating in the volumetric video market include:
• Alphabet Inc.
• Microsoft Corporation
• Verizon Communications
• Meta Platforms Inc.
• Sony Group Corporation
• Intel Corporation
• Canon Inc
• Adobe Inc.
• Dimension
• Autodesk Inc.
• 8I Ltd.
• DGene
• 3nfinite
• Unity Technologies
• Avid Technology Inc.
• Blackmagic Design Pty Ltd.
• Mark Roberts Motion Control
• Arcturus Studios
• Stereolabs Inc.
• LightSpace Technologies Ltd.
• Holoxica Ltd.
• Evercoast
• Boris FX
• Light Field Lab
• Scatter
• 4D View Solutions SAS
• OTOY Inc.
• Disguise
• Foundry
• HapYak
• Holo-Light
• Imagineer Systems Ltd.
• Looking Glass Factory Inc.
• Magic Leap Inc.
• Maxon Computer GmbH
• NewTek Inc.
• Nreal
• Pixotope Technologies
• RealView Imaging
• The Foundry Visionmongers
• Varjo Technologies Oy
• Ventuz Technology AG
• VividQ Limited
• Vizrt
• Volograms
• Voxon Photonics
• Zero Density
What Is The Most Dominant Region In The Volumetric Video Market?
North America was the largest region in the volumetric video market share in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the volumetric video market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
