PUBLISHER: Polaris Market Research | PRODUCT CODE: 1566357
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1566357
The global 3D motion capture system market size is expected to reach USD 748.19 million by 2032, according to a new study by Polaris Market Research. The report "3D Motion Capture System Market Size, Share, Trends, Industry Analysis Report, By Component (Hardware, Software, and Service), By Type, By Technology, By End Use Industry, By Region, Segment Forecast, 2024-2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
Increasing adoption of cloud-based 3D motion capture technology drives the 3D motion capture system market growth. Cloud-based systems allow fast deployment and scaling, enabling users to quickly modify their processes in response to changing project requirements and aid collaboration with teams in different locations. These systems eliminate the requirement for powerful, on-premise hardware, thereby reducing the total cost of motion-capture processing and making it more open to many people. In October 2023, RADiCAL introduced RADiCAL Live. This 3D motion capture solution is latest cloud technology that allows users to extract entire body motions from footage videos and send them to different platforms such as Unreal Engine, Unity, Maya, and Blender.
Strategies among market players can create significant opportunities for the 3D motion capture system market. In August 2023, Vicon marked a new era in motion capture innovation by introducing machine learning (ML) powered marker-less technology in collaboration with Artanim and Dreamscape Immersive.
The increasing funding by players to enhance their product portfolio with the integration of AI and ML boosts the 3D motion capture system market. In October 2023, Move AI, a tech enterprise headquartered in London, raised USD 10 million to accelerate the development of AI-based 3D animation products. Move AI announced that it will be engaged to develop AI-driven 3D animation products and relative technologies such as 3D motion capture technology, which involves capturing the movement of a real person and converting it into a digital model.
In terms of component, the hardware segment accounted for the largest market share in 2023, owing to the requirement for hardware components such as sensors and communication devices.
The software segment is expected to witness the highest growth rate during the forecast period, owing to the rising need for analysis, visualization tools, and sophisticated data processing tools
By technology, the optical systems segment accounted for a larger market share in 2023, owing to the optical systems that are widely used in high-accuracy required applications
North America is projected to register the highest growth during the forecast period because of the advanced IT infrastructure and high demand in entertainment and media.
Vicon Motion Systems Ltd, OptiTrack, Movella Inc., Motion Analysis Corporation, Qualisys AB, PhaseSpace, Inc., Motus Digital, Noitom Ltd., Move Ai Ltd., Noraxon USA are among the global market players.
Polaris Market Research has segmented the 3D motion capture system market report on the basis of component, type, technology, end-use industry, and region: