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Major Growth Driver Identified in 2025 Volumetric Video Market: The Surge In Augmented Reality Use Driving Growth Of The Volumetric Video Market
Volumetric Video Market
Volumetric Video Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The growth in the volumetric video industry has been on a steep rise recently, with the market expected to expand from $2.82 billion in 2024 to $3.56 billion in 2025, at an impressive 26.1% compound annual growth rate. Factors contributing to the surge in the previous periods include a heightened demand for immersive content from consumers, hefty investments in the media and entertainment sectors, integration into the gaming industry, broadcasts of live events and sports, and applications in education and training.
Volumetric Video Market Size Forecast: What's the Projected Valuation by 2029?
Expectations are high for the volumetric video market size to undergo exponential growth in the coming years, with projections suggesting it could reach $10.57 billion by 2029, boasting a compound annual growth rate (CAGR) of 31.3%. This significant growth during the forecast period can be linked to advancements in healthcare applications, cinematics in theme parks, improved tools for content creation, the worldwide expansion of volumetric video studios, as well as accessibility and standardization efforts. Key trends to note during this period include enhancements in capture technology, the advent of virtual conferencing and events, cloud-based volumetric video services, real-time volumetric video streaming and a rise in collaborations and partnerships.
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What Are the Drivers Transforming the Volumetric Video Market?
The volumetric video market is projected to experience expansion due to the increased application of augmented reality. This video capture technology, which uses multiple camera stationed around a subject to digitize 3D space such as objects or environments in real-time, has found successful applications in AR, particularly in preserving cultural heritage. This includes managing exhibition data, reconstruction of architectural and environmental heritage, representation, curating exhibitions, and storytelling. For example, projections by VeeRuby Technologies Pvt Ltd., an Indian firm specializing in AR and VR, suggest there will be about 1.4 billion active AR user devices come May 2023. And by 2028, AR is expected to attain revenue of $340 billion. Therefore, the volumetric video market is anticipated to grow as the adoption and utilization of AR devices rise in the prediction period.
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What Long-Term Trends Will Define the Future of the Volumetric Video Market?
One trend gathering momentum in the volumetric video market is technological innovation. Cutting-edge tech makes for a more transparent delivery and linked logistic routes. For instance, Wild Capture, a company based in the USA specializing in volumetric technology and creative services, inaugurated the Digital Human Platform in February 2022. This platform is engineered to evolve XR technologies and provide all-in-one production services for generating digital humans, volumetric crowds, and CG fashion applicable in media production, software, web-based deliveries, and volumetric video.
Which Segments in the Volumetric Video Market Offer the Most Profit Potential?
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 Firms Dominate the Volumetric Video Market by Market Share and Revenue in 2025?
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 Offer the Highest Growth Potential in the Volumetric Video Market?
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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