The worldwide volumetric video market is assessed to develop from USD 1.5 billion out of 2021 to arrive at USD 4.9 billion by 2026 and is supposed to develop at a CAGR of 26.9% from 2021 to 2026.
A couple of key variables driving the development of this market are flooding interest for upgraded match seeing experience, expanding interest for 3D/360 substance in diversion area, multiplication of content conveyance gadgets driving interest for 3D substance, developing interest for AR in retail and web based business areas because of COVID-19, and rising interests in AR/VR environment.
The equipment portion is supposed to hold the biggest portion of the volumetric video market during the gauge time frame. The quantity of cameras utilized in volumetric capture studios goes from two to in excess of 100.
The main consideration energizing the development of the volumetric video equipment market is the rising number of studios being built by central parts for sports, filmmaking, gaming, clinical, and promotion applications. Symbol Dimension (US), Metaverse XR studio (UK), Volumetric Capture Stage (US), Korea Immersive Studio (South Korea), Jump Studio (South Korea), and Volumetric Video Studio – Kawasaki (Canon) (Japan) are among the as of late opened volumetric studios in 2021 and 2020.
The volumetric video market for the clinical application is supposed to develop at the second-most noteworthy CAGR during the figure time frame. This can be credited to the rising utilization of visualizations in clinical imaging by specialists to see a particular unhealthy part or an organ of a body in 360 degrees.
Key Topics Covered:
Premium Insights
• Appealing Opportunities in Volumetric Video Market – Increasing Demand for 3D/360 Content in Entertainment Sector to Drive Volumetric Video Market
• Volumetric Video Market, by Offering – Hardware Expected to Dominate During Forecast Period
• Volumetric Video Market in Asia-Pacific, by Application and Country – Sports, Events, and Entertainment and China to be Largest Segments in Asia-Pacific in 2021
• Volumetric Video Market, by Application – Sports, Events, and Entertainment Application to Hold Largest Size of Market During Forecast Period
• Volumetric Video Market, by Geography – US to Account for Largest Share of Volumetric Video Market in 2021
• Open doors
o Latent Potential of Volumetric Video in Teleconferencing
o Growing Applications of Volumetric Video for Progressive Medical Imaging and Image-Guided Surgery
o Commercialization of 5G to Offer Low Latency and High Bandwidth Speed for Volumetric Video Content Delivery
• Challenges
o Lack of Standardization for 3D Content Creation
o Key Trends in Volumetric Video Market
o Emergence of Mobile Volumetric Studio on Wheels
o Adoption of Portable 3D Volumetric Capture Booths
o Artificial Intelligence and Machine Learning in Volumetric Video Capture
o Telecom Players Partnering with Volumetric Capture Solution Providers
o Volumetric Capture as a Rental Service
o Forward Integration Across Value Chain
o Startups Partnering with Technology Giants
• Contextual investigations
o Rock Paper Reality (RPR) and Microsoft Mixed Reality Capture Studios Come Together to Bring First-of-its-Kind Holographic Modeling and Fashion Platform to Online Shopping
o 8i Provides Medical Training Simulation to American Soldiers in Battle Realistic Scenario
o Analysis of Golf Players at 48th Open Royal Portrush by Mark Robots Motion Control
• Esteem Chain Analysis
• Volumetric Video Ecosystem
• Guidelines
o Restriction of Hazardous Substances (RoHS) and Waste Electrical and Electronic Equipment (WEEE)
o Registration, Evaluation, Authorization, and Restriction of Chemicals (REACH)
o Privacy Regulations
o CE Mark
o Volumetric Format Association