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
- 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.
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