Volumetric Video A Blossoming Market

A MarketsandMarkets’ research report, “Volumetric Video Market by Volumetric Capture & Content Creation, Application, and Geography - Global Forecast to 2023”, indicates that the market for volumetric video is expected to grow from $578.3 Million in 2018 to $2,780.0 Million by 2023, at a CAGR of 36.9% between 2018 and 2023. The report covers both professional and non-consumer applications. Growing demand for 3D/360-degree content in entertainment and AR/VR applications plus more applications of volumetric technology in several end-user industries such as healthcare, architecture, real estate, and media and advertising are major factors driving the growth of the volumetric video market.

 

Highlights

Fierce AI Week

Register today for Fierce AI Week - a free virtual event | August 10-12

Advances in AI and Machine Learning are adding an unprecedented level of intelligence to everything through capabilities such as speech processing and image & facial recognition. An essential event for design engineers and AI professionals, Engineering AI sessions during Fierce AI Week explore some of the most innovative real-world applications today, the technological advances that are accelerating adoption of AI and Machine Learning, and what the future holds for this game-changing technology.
  • Hardware to hold the largest size of the volumetric video market during the forecast period
  • Medical application is expected to grow rapidly, while sports, events, & entertainment application is likely to hold the largest size of the volumetric video market during the forecast period
  • North America is expected to hold the largest share of the volumetric video market between 2018 and 2023
  • The volumetric video market is dominated by Microsoft (US); Intel (US); Facebook (US); Google (US); and LightSpace Technologies (Latvia). The Coretec Group (US); 8i (New Zealand); Realview Imaging (Israel); Holoxica (UK); Voxon Photonics (Australia); Unity (US); Lytro (US); Raytrix (Germany); OTOY (US); and Stereolabs (US) are other major players in the market. Key innovators include Uncorporeal (US); Hype VR (US); Scatter (US); VividQ (UK); and Hammerhead VR (UK). Fraunhofer HHI (Germany) is a leading research institute involved in the research of volumetric video technology. 

For more insights, browse the "Volumetric Video Market - Global Forecast to 2023" report.

 

MarketsandMarkets Inc.

Northbrook, IL

888-600-6441

[email protected] 

Suggested Articles

One forecast from Cameron Chell: the best AI designers of the future won’t come from top universities


Survey of 30 chipmakers offers a good sign for research and development of self-driving vehicles, analyst says

Research dollars for AV are expected to remain, if slowed, especially for companies that see self-driving as a key to their success