Volumetric Video

Volumetric Video

Global Volumetric Video Market to Reach US$14.0 Billion by 2030

The global market for Volumetric Video estimated at US$1.7 Billion in the year 2023, is expected to reach US$14.0 Billion by 2030, growing at a CAGR of 35.0% over the analysis period 2023-2030. Hardware (Camera & Processing Unit, one of the segments analyzed in the report, is expected to record a 32.0% CAGR and reach US$5.0 Billion by the end of the analysis period. Growth in the Software segment is estimated at 36.4% CAGR over the analysis period.

The U.S. Market is Estimated at US$462.5 Million While China is Forecast to Grow at 33.4% CAGR

The Volumetric Video market in the U.S. is estimated at US$462.5 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$2.1 Billion by the year 2030 trailing a CAGR of 33.4% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 31.1% and 30.2% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 24.3% CAGR.

Global Volumetric Video Market - Key Trends & Drivers Summarized

What Is Driving the Demand for Volumetric Video Technology?

Volumetric Video technology is rapidly gaining traction as it provides a new dimension to video content by capturing three-dimensional space, allowing viewers to move around and view the content from different angles. This immersive video format is increasingly being used in entertainment, virtual reality (VR), augmented reality (AR), sports broadcasting, and even remote communication, offering more engaging and interactive experiences. The ability to create lifelike holographic content is revolutionizing the way stories are told, enhancing user experiences in gaming, film production, live events, and education. The growing interest in AR/VR experiences, coupled with the demand for high-quality content that can engage viewers, is driving the adoption of volumetric video technology across various sectors.

How Are Technological Advancements Shaping the Volumetric Video Market?

The Volumetric Video market is benefiting from rapid advancements in camera technologies, computer vision, and data processing capabilities. The use of multi-camera setups, 3D depth-sensing cameras, and advanced software for capturing and reconstructing 3D spaces is enhancing the quality and realism of volumetric videos. The integration of artificial intelligence (AI) and machine learning algorithms is enabling more efficient processing and compression of volumetric data, making it easier to store and stream. Cloud computing and edge computing solutions are further accelerating the processing and rendering of volumetric video content, making real-time applications more feasible. Additionally, advancements in immersive content platforms and devices, such as AR/VR headsets, are expanding the potential uses of volumetric video.

What Challenges and Opportunities Are Present in the Volumetric Video Market?

The Volumetric Video market faces challenges such as high production costs, large data storage requirements, and the need for significant computational power. The production of high-quality volumetric videos requires complex setups with multiple cameras and specialized software, making it cost-prohibitive for some creators. Additionally, the large data sizes associated with volumetric videos pose challenges in storage, processing, and streaming, requiring robust infrastructure and bandwidth. However, these challenges also present opportunities for growth and innovation. The increasing demand for immersive content in gaming, entertainment, education, and enterprise training is driving investments in more efficient volumetric capture and processing technologies. The development of cloud-based volumetric video platforms and services is making the technology more accessible to a broader range of users, from individual creators to large enterprises.

The Growth in the Volumetric Video Market Is Driven by Several Factors…

The growth in the Volumetric Video market is driven by several factors, including the rising demand for immersive AR/VR experiences, advancements in camera and computing technologies, and the expansion of high-speed internet infrastructure. The increasing adoption of volumetric video in entertainment, gaming, and sports for creating engaging and interactive content is a major driver. Technological innovations, such as AI-based data compression and edge computing, are reducing the costs and complexities associated with volumetric video production and streaming, further supporting market growth. Additionally, the growing use of volumetric video for training, remote communication, and education, where interactive and immersive content can significantly enhance learning outcomes, is contributing to the market’s expansion. The push towards digital and virtual experiences in various sectors, from retail to healthcare, is also propelling the demand for volumetric video technology.

Select Competitors (Total 14 Featured) -

• 3nfinite
• 8i
• Alioscopy
• Arcturus Studios Holdings, Inc.
• Confideo, LLC
• CUBIC MOVIE
• EF EVE
• HoloCap
• Holotch Inc.
• Humense

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