PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1606419
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1606419
The market for Markerless Motion Capture was projected to reach USD 65.9 million in 2023 and expand at a CAGR of 18.00% between 2024 - 2032.
The technology and services used to track and record human motions without the need for physical markers on the body are referred to as the markerless motion capture market. Markerless motion capture systems use sophisticated cameras and software to capture motion organically, while traditional motion capture systems involve connecting sensors or markers to a subject. This technology is frequently utilized for medical examinations, athletic performance analysis, and the creation of realistic animations in the gaming, entertainment, sports, and healthcare industries. The need for markerless motion capture has increased recently as a result of developments in artificial intelligence and computer vision. The demand for more adaptable, affordable, and user-friendly motion capture solutions is driving the industry. Additionally, the market for markerless motion capture is expanding rapidly due to increased demand from various industries and technological developments. This technology is becoming more and more popular since it replaces traditional markers, is effective, adaptable, and has real-time applications.
Markerless Motion Capture Market- Market Dynamics
Growing Usage of Augmented and Virtual Reality Technology
The risinng popularity of virtual reality (VR) and augmented reality (AR) is expected to fuel growth in the markerless motion capture industry. VR and AR headsets use cameras and motion-tracking sensors to give consumers an immersive virtual environment. In virtual three-dimensional space, users are able to move around and engage with virtual objects and other aspects. Manufacturers of VR and AR headsets use markerless motion capture technology to track users' movements and allow one to interact with the virtual environment. The market for markerless motion capture has the potential to expand rapidly as VR and AR headsets continue to gain popularity. Furthermore, fresh uses for these technologies may support the expansion of the markerless motion capture market. For instance, interactive training simulations, virtual tours, and multiplayer games will all require technology.
Markerless Motion Capture Market- Key Insights
According to our research analyst's analysis, the global market is projected to expand at a CAGR of approximately 18.00% during the forecast period of 2024-2032.
The 3D markerless motion capture category was predicted to hold the largest market share in 2023 based on type.
The film & TV category was predicted to hold the largest market share in 2023 based on application.
North America held the largest revenue share by region in 2023.
The Global Markerless Motion Capture Market is segmented into Type, Application, and Region.
On the basis of type, the market is segmented into 2D Markerless Motion Capture and 3D Markerless Motion Capture. In 2023, the 3D markerless motion capture category held the largest market share. Market movements can now be precisely and in real-time measured thanks to 3D motion capture technology. Motion capture technology helps industrial users identify and resolve potential injury causes more quickly by providing body angle data. It also helps analyze human variables that are important for military or industry applications. This system can follow any object that has a marker attached to it. It can be used to evaluate the deformation or aerodynamic properties of objects in wind tunnels and to verify the efficacy of robotic control systems.
In terms of application, the market is segmented into Video Conferencing, Location-based Entertainment, Virtual Reality, Games, Healthcare, Film & TV, Surveillance, Virtual Production, and Others. In 2023, the film & TV category accounted for a sizeable portion of revenue. The market is growing because deep learning-based motion capture technology is being used in film and television animation production at a rapid pace. The creation of realistic character movements for movies and television has been greatly impacted by deep learning-based motion capture technology, which has revolutionized the process. Animation companies can benefit from this technology, which uses sophisticated algorithms and neural networks to study and mimic human movements. To generate incredibly lifelike movements for animated creatures, deep learning systems analyze enormous volumes of motion capture data. With the use of this technology, minute details in motion can be precisely captured, producing lifelike animations that remarkably resemble human movements.
Markerless Motion Capture Market- Geographical Insights
The Markerless Motion Capture market is widely distributed geographically in North America, Latin America, Europe, Asia Pacific, the Middle East and Africa. These areas are further separated based on the countries that provide business.
North America's dominance in the markerless motion capture market in 2023 was largely due to its better technological infrastructure and large investments in R&D. The region's media, entertainment, and healthcare industries make extensive use of markerless motion capture technologies, which helps explain their market dominance. Furthermore, the region's robust technological environment fosters the rapid adoption and integration of new technologies, hence augmenting innovation and optimizing market efficiency. North America's strategic alliances and government support for technological advancements also play a major role in the region's capacity to hold its leading position in the global market.
In addition, throughout the projection period, Asia Pacific is expected to have the quickest CAGR. In the sphere of video conferencing in particular, the region has seen a tremendous upsurge in the usage of markerless motion capture technology. In Asia Pacific, companies, academic institutions, and healthcare providers are using markerless motion capture to improve the quality and immersion of their online interactions as the world becomes more and more dependent on virtual communication solutions.
Leading companies in the markerless motion capture market such as AR51, Captury, Radical Motion, ReMoCapp, EuMotus, Intel Corporation, and iPi Soft LLC., among others, are always working to improve and develop their technology in order to provide more precise and dependable motion capture services. To increase the precision, resilience, and latency of their systems, top competitors in the markerless motion capture market are spending money on research and development. Additionally, they are diversifying their product offerings to meet the various demands of other businesses. A combination of well-established firms and up-and-coming companies define the competitive landscape of the markerless motion capture market.
March 2024: At GDC 2024, AR 51 will showcase its real-time markerless motion capture technology, which promises unmatched accuracy, scalability, and high-frame-rate capture. The technology is meant to transform motion capture in virtual production, VFX, and computer graphics.
January 2024: In order to explore the possibility of using artificial intelligence (AI) to turn still images of clothing and models into animated films, the Fashion Innovation Agency teamed up with Haiper AI. By working together, the companies hope to set the standard for a new way of showcasing fashion illustration concepts in the market.
October 2023: Go ahead, and AI advances its markerless motion capture technology for accessible 3D animation creation by securing USD 10.0 million in seed funding spearheaded by Play Ventures, Warner Music Group, RKKVC, Level2 Ventures, and Animoca Brands.
August 2023: Vicon Motion Systems Ltd. is a leading innovator in motion capture technology, and at SIGGRAPH 2023 in Los Angeles, the company will unveil their machine learning (ML) powered markerless technology. This innovative development is the outcome of a collaboration between the esteemed VR collective Dreamscape Immersive and Artanim, a Swiss research center.