Volumetric Video Market (By Volumetric Capture: Hardware, Software, Services; By Delivery Platforms; By Application) - Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook and Forecast 2024-2033

The global volumetric video market size was estimated at around USD 2.64 billion in 2023 and it is projected to hit around USD 28.41 billion by 2033, growing at a CAGR of 26.83% from 2024 to 2033. The volumetric video market is driven by the rise of augmented and virtual reality technologies, versatility across industries, technological advancements, and expanding content creation opportunities.

Volumetric Video Market Size 2024 to 2033

Key Pointers

  • North America dominated with the largest market share in 2023.
  • By Volumetric Capture, the hardware segment captured the maximum market share in 2023.
  • By Delivery Platforms, the AR/VR/HMDs segment held the largest market share in 2023.

Volumetric Video Market Overview

The burgeoning field of volumetric video has captured the attention of industries seeking immersive and interactive content experiences. This overview delves into the key aspects of the volumetric video market, shedding light on its current landscape, trends, and potential for future growth.

Volumetric Video Market Growth

The growth of the volumetric video market is propelled by several key factors. Firstly, the increasing consumer demand for immersive and interactive content experiences has become a driving force, encouraging industries to explore innovative solutions. Additionally, the surge in augmented and virtual reality applications has significantly contributed to the adoption of volumetric video, as it seamlessly integrates with these expanding technologies, enriching the depth and realism of virtual environments. Another critical factor is the broad spectrum of applications across diverse industries, including gaming, entertainment, education, healthcare, and enterprise. This versatility ensures that volumetric video remains a sought-after solution with widespread adoption potential. As the market continues to evolve, ongoing innovations in capture technology and the integration of artificial intelligence and machine learning are expected to further fuel its growth, promising a dynamic and transformative future for volumetric video technologies.

Report Scope of the Volumetric Video Market

Report Coverage Details
Growth rate from 2024 to 2033 CAGR of 26.83%
Market Size in 2023 USD 2.64 billion
Revenue Forecast by 2032 USD 28.41 billion
Base Year 2023
Forecast Period 2023 to 2032
Market Analysis (Terms Used) Value (US$ Million/Billion) or (Volume/Units)

 

Volumetric Video Market Dynamics

Drivers

  • Surging Demand for Immersive Experiences: The primary driver behind the growth of the volumetric video market is the escalating consumer appetite for immersive content experiences. Volumetric video, with its ability to capture three-dimensional depth, provides viewers with a heightened sense of presence and engagement, aligning perfectly with this growing demand.
  • Integration with Augmented and Virtual Reality (AR/VR): The rise of augmented and virtual reality technologies has become a significant catalyst for the volumetric video market. Volumetric video enhances the authenticity of AR and VR experiences by delivering lifelike and spatially accurate content, thereby fostering a more realistic and compelling virtual environment.

Restraints

  • Technical Complexity and Skill Requirements: One significant restraint faced by the volumetric video market is the technical complexity associated with its implementation. The capture, processing, and rendering of three-dimensional content demand specialized knowledge and skills, posing a barrier for some content creators and businesses looking to adopt volumetric video solutions.
  • Infrastructure Challenges: The effective deployment of volumetric video requires robust infrastructure, including high-performance computing power and substantial storage capabilities. For some entities, especially smaller businesses or those in regions with limited technological infrastructure, these requirements may present challenges and increase the overall cost of entry into the volumetric video market.

Opportunities

  • Emerging Applications in Healthcare: The volumetric video market presents a significant opportunity for expansion in the healthcare sector. The technology's ability to capture three-dimensional data could revolutionize medical imaging, allowing for more detailed and interactive visualization of patient anatomy. Applications include surgical planning, medical education, and telemedicine, offering immense potential for growth and innovation.
  • Education and E-Learning: Volumetric video can revolutionize the education sector by offering immersive and interactive learning experiences. From virtual field trips to historical reenactments, volumetric video enhances engagement and understanding. E-learning platforms could leverage this technology to create dynamic and realistic educational content, catering to diverse learning styles.

Volumetric Capture Insights

The market is categorized into hardware, software, and services, with the hardware segment dominating the market share in 2023. Continuous innovation and technological advancements, focused on enhancing resolutions and features in 3D display technologies, are anticipated to drive market expansion in the future. Ongoing progress in laser, optical, and electronic technologies has led to the development of volumetric displays. These displays enable multiple viewers to simultaneously perceive an image from different angles without requiring specialized eyewear devices. This trend is expected to contribute to sustained market growth.

Application Insights

The market is divided into segments based on application, including sports, events & entertainment, education & training, medical signage & advertisement, and others. Projections indicate that the signage & advertisement segment will maintain a substantial market share in the foreseeable future. Volumetric video emerges as a groundbreaking technology, transforming the landscape of signage and advertising. This innovation enables advertisers to effortlessly incorporate captivating and interactive visuals across diverse signage and advertising platforms. With volumetric video, brands gain the ability to present their products and services in a more engaging and dynamic manner, effectively grabbing the attention of potential customers. This shift marks a significant evolution in advertising strategies, emphasizing the immersive and interactive potential of volumetric video technology.

Delivery Platforms Insights

The market is categorized based on delivery platforms, including projectors, AR/VR/HMDs, smartphones, and volumetric displays. In 2023, the AR/VR/HMDs segment claimed the largest market share. The rising popularity of AR/VR headsets can be attributed to their pivotal role in providing immersive and interactive volumetric video experiences. These devices empower users to interact with volumetric content in an exceptionally realistic and immersive manner. As AR and VR technologies progress, a growing number of individuals are adopting AR/VR head-mounted displays (HMDs) due to their increasing sophistication, enhanced portability, and improved accessibility. The dominance of the AR/VR/HMDs segment underscores the evolving preferences of consumers towards advanced and immersive content delivery platforms.

Regional Insights

In 2023, North America asserted its dominance, holding the largest market share. Meanwhile, the Asia Pacific region is experiencing noteworthy advancements in the adoption and application of volumetric video technology, yielding substantial advantages across diverse industries. Fueled by a vast population and swiftly growing economies, this region has emerged as a focal point for technological innovation, with volumetric video being no exception.

Volumetric Video Market Share, By Region, 2023 (%)

In the Asia Pacific, countries are leveraging this cutting-edge technology to enhance their signage and advertising sectors, showcasing the region's proactive embrace of advanced solutions for industry development.

Key Companies

  • 4Dviews 8i Stereolabs Inc.
  • Intel Corporation
  • Unity Technologies
  • Google LLC
  • IO Industries Inc.
  • Canon Inc.
  • Microsoft Corporation
  • Verizon Communications.

Volumetric Video Market Segmentations:

By Volumetric Capture

  • Hardware
  • Software
  • Services

By Application

  • Sports
  • Events & Entertainment
  • Education & Training
  • Medical Signage & Advertisement
  • Others

By Delivery Platforms

  • Projectors
  • AR/VR/HMDs
  • Smartphones
  • Volumetric Displays

By Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • MEA

Frequently Asked Questions

The global volumetric video market size was reached at USD 2.64 billion in 2023 and it is projected to hit around USD 28.41 billion by 2033.

The global volumetric video market is growing at a compound annual growth rate (CAGR) of 26.83% from 2024 to 2033.

The North America region has accounted for the largest volumetric video market share in 2023.

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis 

4.3.2. Sales and Distribution Volumetric Capture Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Volumetric Video Market 

5.1. COVID-19 Landscape: Volumetric Video Industry Impact

5.2. COVID 19 - Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

Chapter 6. Market Dynamics Analysis and Trends

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Volumetric Video Market, By Volumetric Capture

8.1. Volumetric Video Market, by Volumetric Capture, 2024-2033

8.1.1 Hardware

8.1.1.1. Market Revenue and Forecast (2021-2033)

8.1.2. Software

8.1.2.1. Market Revenue and Forecast (2021-2033)

8.1.3. Services

8.1.3.1. Market Revenue and Forecast (2021-2033)

Chapter 9. Global Volumetric Video Market, By Application

9.1. Volumetric Video Market, by Application, 2024-2033

9.1.1. Sports

9.1.1.1. Market Revenue and Forecast (2021-2033)

9.1.2. Events & Entertainment

9.1.2.1. Market Revenue and Forecast (2021-2033)

9.1.3. Education & Training

9.1.3.1. Market Revenue and Forecast (2021-2033)

9.1.4. Medical Signage & Advertisement

9.1.4.1. Market Revenue and Forecast (2021-2033)

9.1.5. Others

9.1.5.1. Market Revenue and Forecast (2021-2033)

Chapter 10. Global Volumetric Video Market, By Delivery Platforms 

10.1. Volumetric Video Market, by Delivery Platforms, 2024-2033

10.1.1. Projectors

10.1.1.1. Market Revenue and Forecast (2021-2033)

10.1.2. AR/VR/HMDs

10.1.2.1. Market Revenue and Forecast (2021-2033)

10.1.3. Smartphones

10.1.3.1. Market Revenue and Forecast (2021-2033)

10.1.4. Volumetric Displays

10.1.4.1. Market Revenue and Forecast (2021-2033)

Chapter 11. Global Volumetric Video Market, Regional Estimates and Trend Forecast

11.1. North America

11.1.1. Market Revenue and Forecast, by Volumetric Capture (2021-2033)

11.1.2. Market Revenue and Forecast, by Application (2021-2033)

11.1.3. Market Revenue and Forecast, by Delivery Platforms (2021-2033)

11.1.4. U.S.

11.1.4.1. Market Revenue and Forecast, by Volumetric Capture (2021-2033)

11.1.4.2. Market Revenue and Forecast, by Application (2021-2033)

11.1.4.3. Market Revenue and Forecast, by Delivery Platforms (2021-2033)

11.1.5. Rest of North America

11.1.5.1. Market Revenue and Forecast, by Volumetric Capture (2021-2033)

11.1.5.2. Market Revenue and Forecast, by Application (2021-2033)

11.1.5.3. Market Revenue and Forecast, by Delivery Platforms (2021-2033)

11.2. Europe

11.2.1. Market Revenue and Forecast, by Volumetric Capture (2021-2033)

11.2.2. Market Revenue and Forecast, by Application (2021-2033)

11.2.3. Market Revenue and Forecast, by Delivery Platforms (2021-2033)

11.2.4. UK

11.2.4.1. Market Revenue and Forecast, by Volumetric Capture (2021-2033)

11.2.4.2. Market Revenue and Forecast, by Application (2021-2033)

11.2.4.3. Market Revenue and Forecast, by Delivery Platforms (2021-2033)

11.2.5. Germany

11.2.5.1. Market Revenue and Forecast, by Volumetric Capture (2021-2033)

11.2.5.2. Market Revenue and Forecast, by Application (2021-2033)

11.2.5.3. Market Revenue and Forecast, by Delivery Platforms (2021-2033)

11.2.6. France

11.2.6.1. Market Revenue and Forecast, by Volumetric Capture (2021-2033)

11.2.6.2. Market Revenue and Forecast, by Application (2021-2033)

11.2.6.3. Market Revenue and Forecast, by Delivery Platforms (2021-2033)

11.2.7. Rest of Europe

11.2.7.1. Market Revenue and Forecast, by Volumetric Capture (2021-2033)

11.2.7.2. Market Revenue and Forecast, by Application (2021-2033)

11.2.7.3. Market Revenue and Forecast, by Delivery Platforms (2021-2033)

11.3. APAC

11.3.1. Market Revenue and Forecast, by Volumetric Capture (2021-2033)

11.3.2. Market Revenue and Forecast, by Application (2021-2033)

11.3.3. Market Revenue and Forecast, by Delivery Platforms (2021-2033)

11.3.4. India

11.3.4.1. Market Revenue and Forecast, by Volumetric Capture (2021-2033)

11.3.4.2. Market Revenue and Forecast, by Application (2021-2033)

11.3.4.3. Market Revenue and Forecast, by Delivery Platforms (2021-2033)

11.3.5. China

11.3.5.1. Market Revenue and Forecast, by Volumetric Capture (2021-2033)

11.3.5.2. Market Revenue and Forecast, by Application (2021-2033)

11.3.5.3. Market Revenue and Forecast, by Delivery Platforms (2021-2033)

11.3.6. Japan

11.3.6.1. Market Revenue and Forecast, by Volumetric Capture (2021-2033)

11.3.6.2. Market Revenue and Forecast, by Application (2021-2033)

11.3.6.3. Market Revenue and Forecast, by Delivery Platforms (2021-2033)

11.3.7. Rest of APAC

11.3.7.1. Market Revenue and Forecast, by Volumetric Capture (2021-2033)

11.3.7.2. Market Revenue and Forecast, by Application (2021-2033)

11.3.7.3. Market Revenue and Forecast, by Delivery Platforms (2021-2033)

11.4. MEA

11.4.1. Market Revenue and Forecast, by Volumetric Capture (2021-2033)

11.4.2. Market Revenue and Forecast, by Application (2021-2033)

11.4.3. Market Revenue and Forecast, by Delivery Platforms (2021-2033)

11.4.4. GCC

11.4.4.1. Market Revenue and Forecast, by Volumetric Capture (2021-2033)

11.4.4.2. Market Revenue and Forecast, by Application (2021-2033)

11.4.4.3. Market Revenue and Forecast, by Delivery Platforms (2021-2033)

11.4.5. North Africa

11.4.5.1. Market Revenue and Forecast, by Volumetric Capture (2021-2033)

11.4.5.2. Market Revenue and Forecast, by Application (2021-2033)

11.4.5.3. Market Revenue and Forecast, by Delivery Platforms (2021-2033)

11.4.6. South Africa

11.4.6.1. Market Revenue and Forecast, by Volumetric Capture (2021-2033)

11.4.6.2. Market Revenue and Forecast, by Application (2021-2033)

11.4.6.3. Market Revenue and Forecast, by Delivery Platforms (2021-2033)

11.4.7. Rest of MEA

11.4.7.1. Market Revenue and Forecast, by Volumetric Capture (2021-2033)

11.4.7.2. Market Revenue and Forecast, by Application (2021-2033)

11.4.7.3. Market Revenue and Forecast, by Delivery Platforms (2021-2033)

11.5. Latin America

11.5.1. Market Revenue and Forecast, by Volumetric Capture (2021-2033)

11.5.2. Market Revenue and Forecast, by Application (2021-2033)

11.5.3. Market Revenue and Forecast, by Delivery Platforms (2021-2033)

11.5.4. Brazil

11.5.4.1. Market Revenue and Forecast, by Volumetric Capture (2021-2033)

11.5.4.2. Market Revenue and Forecast, by Application (2021-2033)

11.5.4.3. Market Revenue and Forecast, by Delivery Platforms (2021-2033)

11.5.5. Rest of LATAM

11.5.5.1. Market Revenue and Forecast, by Volumetric Capture (2021-2033)

11.5.5.2. Market Revenue and Forecast, by Application (2021-2033)

11.5.5.3. Market Revenue and Forecast, by Delivery Platforms (2021-2033)

Chapter 12. Company Profiles

12.1. 4Dviews 8i Stereolabs Inc.

12.1.1. Company Overview

12.1.2. Product Offerings

12.1.3. Financial Performance

12.1.4. Recent Initiatives

12.2. Intel Corporation.

12.2.1. Company Overview

12.2.2. Product Offerings

12.2.3. Financial Performance

12.2.4. Recent Initiatives

12.3. Unity Technologies.

12.3.1. Company Overview

12.3.2. Product Offerings

12.3.3. Financial Performance

12.3.4. Recent Initiatives

12.4. Google LLC.

12.4.1. Company Overview

12.4.2. Product Offerings

12.4.3. Financial Performance

12.4.4. Recent Initiatives

12.5. IO Industries Inc.

12.5.1. Company Overview

12.5.2. Product Offerings

12.5.3. Financial Performance

12.5.4. Recent Initiatives

12.6. Canon Inc.

12.6.1. Company Overview

12.6.2. Product Offerings

12.6.3. Financial Performance

12.6.4. Recent Initiatives

12.7. Microsoft Corporation.

12.7.1. Company Overview

12.7.2. Product Offerings

12.7.3. Financial Performance

12.7.4. Recent Initiatives

12.8. Verizon Communications.

12.8.1. Company Overview

12.8.2. Product Offerings

12.8.3. Financial Performance

12.8.4. Recent Initiatives

Chapter 13. Research Methodology

13.1. Primary Research

13.2. Secondary Research

13.3. Assumptions

Chapter 14. Appendix

14.1. About Us

14.2. Glossary of Terms

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