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

SENSORS MIDWEST

Sensors Midwest Hits Rosemont, IL October 16-17!

Sensors Midwest, the industry's largest event focusing on sensors, design, and IIoT in the Midwest region, is scheduled for October 16-17 at the Donald E. Stephens Convention Center in Rosemont, IL. Co-located with STMA, the event draws over 1,000 engineers and engineering professionals that are looking for access to the latest sensor advancements and will provide an opportunity to connect with the area's greatest technology leaders and suppliers.
  • 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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