Bharat Book Bureau Provides the Trending Market Research Report on“Global Volumetric Video Market, Forecast to 2023” underConsumer Goods category. The report provides information on industry overview, market size, latest developments, industry trends, Major Players, global presence, and their future prospects.
Volumetric Video Market is likely to grow at aCAGR of 36.9% between 2018 and 2023
The volumetric video market is expected to be worthUSD 2,780.0 million by 2023, growing at a CAGR of 36.9% during the forecast period. Growing demand for 3D/360 content in entertainment and AR/VR applications; growing applications of volumetric technology in multiple end-user industries such as healthcare, architecture, real estate, and media and advertising are the factors driving the growth of volumetric video market. Less effective projection under sunlight would be a factor restraining the growth of the market.
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Medical applications are expected to register highest growth rate in the volumetric video market during the forecast period
The demand for volumetric content is expected to grow rapidly in medical applications because of the increasing use of holograms in medical imaging by surgeons to view a specific diseased part or an organ of a body in 360-degrees. The medical field has witnessed rapid technological advancements over the years, and various kinds of advanced imaging equipment have emerged in the past. 3D/360-degree cameras can be used to generate 3D images to examine the affected body parts. Volumetric videos in medical imaging can help doctors to visualize body parts in a better manner than through conventional methods; it can also be used for training purposes in medical centers.
APAC expected to register the highest growth in the volumetric video market during the forecast period
Volumetric video market is expected to grow rapidly in APAC. With the presence of hardware manufacturers in the region, APAC witnesses an increasing adoption of latest technologies. Education & training; medical; and sports, events, & entertainment industries are expected to contribute substantially to the growth of the volumetric video market in APAC. These industries offer huge potential for the volumetric video market because of the increasing awareness among consumers and the rising adoption of new technologies in various industries, especially in countries such as China, Japan, Australia, and New Zealand. The increasing number of players in the region would boost the growth of the volumetric video market. 8i, Yi Halo Technology, VOXON, and Holografika are the major players in APAC.
In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews have been conducted with key experts. Following is the breakup of the profile of primary participants:
- By Company Type: Tier 1 = 15%, Tier 2 = 30%, and Tier 3 = 55%
- By Designation: C-Level Executives = 40%, Directors = 35%, and Others = 25%
- By Region: North America = 50%, Europe = 30%, and APAC = 20%
Microsoft (US), Intel (US), Facebook (US), Google (US), 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 among the major players in the volumetric video market.
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