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The Surge In Augmented Reality Use Driving Growth Of The Volumetric Video Market: Critical Driver Shaping the Volumetric Video Market in 2025
Volumetric Video
What Is the Expected CAGR for the Volumetric Video Market Through 2025?
The market size of volumetric video has witnessed a massive expansion in the past few years. It is set to surge from $2.82 billion in 2024 to $3.58 billion in 2025, reflecting a compound annual growth rate (CAGR) of 26.7%. The notable growth within the historical period can be linked to the heightened consumer interest for immersive content, significant investments from the media and entertainment sectors, broadcasting of live events and sports, integration within the gaming industry, and usage in educational and training programs.
What's the Projected Size of the Global Volumetric Video Market by 2029?
In the forthcoming years, there is an anticipated significant surge in the size of the volumetric video market, with predictions estimating it to expand to $10.77 billion by 2029, boasting a compound annual growth rate (CAGR) of 31.7%. This projected growth can be attributed to several factors including the wide-scale application in healthcare, the implementation in theme parks for cinematic experiences, the evolution of content creation tools, the worldwide spread of volumetric video studios, and efforts towards accessibility and standardization. During the forecast period, the market is expected to see trends such as improved capture technology, virtual conferences and events, cloud-hosted volumetric video services, real-time streaming of volumetric videos, and increased collaborations and partnerships.
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Top Growth Drivers in the Volumetric Video Industry: What's Accelerating the Market?
The surge in the adoption of augmented reality is predicted to fuel the growth of the volumetric video market. Volumetric video capture technology, which uses a set of cameras arranged around a target to digitize a 3D space in real-time, stands to benefit from this trend. Augmented reality finds successful implementation in preserving cultural heritage, including applications in exhibition data management, architectural heritage restoration, environmental heritage reconstruction, representation, exhibition curation, and storytelling. For example, VeeRuby Technologies Pvt Ltd., an Indian company specializing in augmented reality (AR) and virtual reality (VR) development, forecasts that by May 2023, there will be 1.4 billion active AR user devices. The company also predicts that AR revenues will reach $340 billion by 2028. Thus, the growing trend of AR device adoption and usage is anticipated to stimulate the market within the projected period.
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What Trends Will Shape the Volumetric Video Market Through 2029 and Beyond?
The volumetric video market is seeing an upsurge in popularity due to the prevailing trend of technological evolution. Novel technologies are being employed to promote transparency in delivery and interconnected logistics trails. For example, Wild Capture, an American platform for volumetric technology and creative services studio, announced the introduction of the Digital Human Platform in February 2022. This new platform focuses on furthering XR technologies and delivering comprehensive production services for creating digital humans, volumetric crowds, and CG fashion. These features are ideal for use in media production, software and web-based deliveries, and volumetric video.
What Are the Main Segments in the Volumetric Video Market?
The volumetric video market covered in this report is segmented -
1) By Component: Hardware, Software, Services
2) By Content Delivery: Projectors, AR/VR Head-Mounted Display (HMD), Smartphones, Volumetric Displays
3) By Application: Sports And Entertainment, Medical, Signage And Advertisement, Education And Training
Subsegments:
1) By Hardware: Cameras, Sensors, Storage Devices, Processing Units
2) By Software: Video Capture Software, Editing Software, Playback Software, Integration Software
3) By Services: Consulting Services, Implementation Services, Support And Maintenance Services
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Which Top Companies are Driving Growth in the Volumetric Video Market?
Major companies operating in the volumetric video market include Alphabet Inc., Microsoft Corporation, Verizon Communications, Meta Platforms Inc., Sony Group Corporation, Intel Corporation, Canon Inc, Adobe Inc., Dimension, Autodesk Inc., 8I Ltd., DGene, 3nfinite, Unity Technologies, Avid Technology Inc., Blackmagic Design Pty Ltd., Mark Roberts Motion Control, Arcturus Studios, Stereolabs Inc., LightSpace Technologies Ltd., Holoxica Ltd., Evercoast, Boris FX, Light Field Lab, Scatter, 4D View Solutions SAS, OTOY Inc., Disguise, Foundry, HapYak, Holo-Light, Imagineer Systems Ltd., Looking Glass Factory Inc., Magic Leap Inc., Maxon Computer GmbH, NewTek Inc., Nreal, Pixotope Technologies, RealView Imaging, The Foundry Visionmongers, Varjo Technologies Oy, Ventuz Technology AG, VividQ Limited, Vizrt, Volograms, Voxon Photonics, Zero Density
Which Regions Will Dominate the Volumetric Video Market Through 2029?
North America was the largest region in the volumetric video market share in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the volumetric video market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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