Press release
Volumetric Video Market Forecast To 2027: Key Players Holoxica, Scatter, The Coretec Group, Inc., VOSTOK VR, Voxon Photonics
The volumetric video is a technique, where videos are capture objects, person, or locations, in 2D or 3D using 360 view. The rising applications of volumetric videos in diverse end-user industries is the offering lucrative opportunities to the market growth. Moreover, the growing attractiveness of sports events and rising demand for improved match viewing experience are the crucial factors bolstering players to innovate and develop products in line with viewers' preferences. Players including Google, Facebook, Intel, and Raytrix have launched several cameras based on 6DOF volumetric capture as well as depth-sensing technology. The hardware options are enormous and shifting rapidly; economical options including Intel RealSense Depth Camera, Structure Sensor from Occipital, as well as Microsoft Kinect, have competences once limited to very expensive and extremely high-end scanners. For instance, in November 2019, Voxon Photonics (Australia) launched the VX1 hologram table, which creates interactive 3D images that appear to be floating in the air, above a table in front of a group of people who can view these 3D images without any visual aids.Request For Sample PDF @ https://bit.ly/2SJDFZA
The 360 video is an immersive and engaging type of video content technology, this technology permits the viewers to move the display according to which the viewer can view the video from any desired angle. Moreover, the support of high bandwidth has enabled the use of new 3D media including 360 VR video applications and 3D immersion. These factors are likely to drive the volumetric video market. Based on geography, the volumetric video market was dominated by North America. North America region attracts several technological developments, which consist of economically robust countries. The region has a leverage of continuous technological developments. Growth in technologies assist in stimulating the business of other industries.
Companies Profiles
oHoloxica
oScatter
oThe Coretec Group, Inc.
oVOSTOK VR
oVoxon Photonics
o4D View Solution SAS
oDimension
oMicrosoft Corporation
oIntel Corporation
oRealView Imaging Ltd
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The television is capable of displaying a sports event video only from the angle in which the camera offers. However, it does not display the entire view of the stadium in 360 angle. There have been various improvements in camera technology, with the incorporation of advanced lenses while shooting sports events. As advancement, around 38 small sized 5K cameras are installed around the stadium to capture the entire field of play. These cameras help generate massive amount of volumetric data (voxels), by capturing a broad width, height, and depth of the subject. The camera array is connected by fiber to the on-site the servers, from where the entire data is stored and processed. This set up around the stadium facilitates enhanced viewing experience, providing the advantage to view from 360 angle. Various volumetric video market players are collaborating with sports clubs to offer advanced technologies to the customers, considering the emerging demand for volumetric video in the sports and entertainment sectors.
For instance, in February 2019, Intel collaborated with the football clubs, including Liverpool FC, Manchester City, and Arsenal FC, to provide immersive match viewing experience to the viewers. Intel used its new technology that is able to capture actors, players, and objects in volumetric 3-D, from which viewers can see things from a nearly several number of angles. Thus, to increasing demand for enhanced content along with increasing competition among broadcasters is bolstering the growth of volumetric video market.
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The volumetric video market, by application, is segmented into sports events and entertainment, medical, signage and advertisement, education and training, and others. The sports, events and entertainment segment captured dominating share in the global volumetric video market. The use of volumetric videos is gaining traction in diverse applications and is expected to substitute the standard streaming & recording over a period of time. It has a huge demand in the gaming and filmmaking industry and its application in the medical fields are anticipated to multiply. Further, volumetric video content for the live streaming sports event as well as entertainment is expected to play a dominating role in the coming years. The increasing applications of volumetric videos is anticipated to drive the growth of volumetric video market globally.
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