PUBLISHER: Value Market Research | PRODUCT CODE: 1547297
PUBLISHER: Value Market Research | PRODUCT CODE: 1547297
The global demand for Volumetric Video Market is presumed to reach the market size of nearly USD 28.7 Billion by 2032 from USD 3.23 Billion in 2023 with a CAGR of 27.45% under the study period 2024-2032.
Volumetric video captures a three-dimensional space from several viewpoints and acquires data that can be used for creating a depth map of captured information. Volumetric video records an object in its original measurements and shapes that can be viewed from several angles. Multiple cameras and sensors are trained on the to be recorded environment to capture the information and further process using obtained information. This volumetric video technique is used for virtual reality and augmented reality technologies so the user can experience the 3-D capturing of the recorded object and view it from different angles. Volumetric videos can be viewed on flat screens such as mobiles and web browsers as well as using 3D displays and VR goggles.
The growing demand for volumetric video is attributed to an increasing number of applications in the gaming and entertainment industries. The increasing popularity of augmented reality (AR) technologies and applications in gaming and animation, coupled with virtual reality technology will further propel market growth. Moreover, numerous applications of volumetric video in the healthcare, retail, and automobile sector will benefit the market growth. Furthermore, 2-D and 3-D imaging of target objects in military warfare applications using volumetric video will boost the market growth. Advancement in R&D activities in AR technologies for various business sectors will benefit market growth. Key players are launching and building their own studios using volumetric video for enhancements of AR & VR. However, expensive installation costs, low availability of advanced software and feasibility only in closed ecosystems are significant challenges to the market growth.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of Volumetric Video. The growth and trends of Volumetric Video industry provide a holistic approach to this study.
This section of the Volumetric Video market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Volumetric Video market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Volumetric Video market include 4Dviews, 8i, Stereolabs Inc., Intel Corporation, Unity Technologies, Google LLC, IO Industries Inc., Canon Inc., Microsoft Corporation, Verizon Communications. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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