Volumetric Video Market - By Volumetric Capture (Hardware, Software, Services), By Delivery Platform (Projectors, AR/VR HMDs, Smartphones), By Application, End-use Industry & Forecast, 2024 - 2032

Volumetric Video Market Size

Volumetric Video Market was valued at USD 2.6 billion in 2023 and is anticipated to register a CAGR of over 29% over the forecast period of 2024-2032. Advancements in technology are a pivotal driver for the market, significantly enhancing the quality, accessibility, and applications of this immersive medium.
 

Innovations in 3D capture technologies, including the development of high-resolution cameras and depth sensors, have made it possible to create detailed and lifelike volumetric videos. For instance, in June 2024, Gracia AI has launched innovative volumetric video tools designed for spatial computing, backed by a recent USD 1.2 million seed investment. Additionally, the rise in computing power, particularly through GPUs and cloud-based solutions, enables the processing of vast amounts of 3D data in real-time, which is crucial for delivering seamless experiences in virtual and augmented reality. These technological improvements not only lower the barriers to entry but also expand the potential use cases of volumetric video across industries, fueling its rapid market growth.
 

The expansion of the entertainment and media industry is a significant driver for the volumetric video market, as the demand for next-generation, immersive content continues to rise. With audiences seeking more engaging and interactive experiences, volumetric video is being increasingly adopted for creating innovative content in movies, gaming, and live events. This technology allows for the creation of lifelike 3D characters, dynamic scenes, and interactive narratives that can be experienced from multiple angles, providing a level of immersion that traditional media cannot match. For instance, in April 2024, ESPN introduced volumetric video highlights for the NCAA Women's Final Four games, utilizing advanced technology to enhance viewer engagement. This innovative feature is powered by the Canon Free Viewpoint system, which allows for the production of 3D highlights in a volumetric environment.
 

The production of volumetric video is associated with significant costs due to the need for specialized equipment, advanced software, and skilled personnel. High-resolution cameras and sophisticated capture systems can be expensive to acquire and maintain. Additionally, the post-production process requires powerful computing resources and expertise to handle and render large volumes of 3D data. These financial and resource constraints can limit the ability of smaller enterprises and independent creators to adopt and utilize volumetric video technology, potentially slowing its broader market adoption.
 

Volumetric Video Market Trends

The volumetric video industry is experiencing rapid growth driven by advancements in capture technology and increasing demand for immersive digital experiences. Innovations in high-resolution cameras, real-time 3D rendering, and processing software are making volumetric video more accessible and cost-effective. As virtual reality (VR), augmented reality (AR), and mixed reality (MR) gain traction, content creators are leveraging volumetric video to provide lifelike, interactive experiences. Companies are investing heavily in technological innovations in volumetric video market. For instance, in January 2023, Accenture made a strategic investment in Forma Vision, a company specializing in live-streamed volumetric video technology that creates 3D holographic images. 
 

Continuous advancements in 3D capture technologies, such as higher resolution cameras and more sophisticated depth sensors, are enabling the creation of more detailed and accurate volumetric videos. Improved processing power, including the use of AI and machine learning, is also enhancing the efficiency and quality of volumetric video production.
 

Volumetric Video Market Analysis

Based on volumetric capture, the market is segmented into hardware software and services. In 2023, the hardware segment accounted for the largest market share with over 40% share.
 

• Volumetric capture hardware has advanced significantly, with modern systems featuring high-resolution cameras and sophisticated sensor arrays that capture detailed 3D data from multiple angles. Innovations such as light field cameras and depth sensors enhance the accuracy and realism of volumetric video, allowing for more immersive and lifelike content. These improvements are making volumetric capture more feasible and cost-effective, broadening its application across entertainment, healthcare, and education.
   
• However, the high cost and complexity of this hardware can be a barrier to entry. The need for precise alignment and synchronization of multiple cameras, along with powerful processing capabilities, requires significant investment and expertise. As technology progresses, ongoing developments are expected to streamline hardware and reduce costs, potentially making volumetric capture more accessible to a wider range of creators and industries.

Based on delivery platform, the volumetric video market is divided into projectors, AR/VR HMDS, smartphones. In 2023, the AR/VR HMDS is the fastest growing segment with a CAGR of over 30%.
 

• Delivery platforms for volumetric video, such as AR/VR head-mounted displays (HMDs), are crucial for experiencing immersive content. Advanced HMDs offer high-resolution displays, wide field of view, and precise motion tracking, enabling users to interact with volumetric video in a lifelike manner. As these devices become more affordable and widespread, they facilitate greater adoption of volumetric content across various applications, from gaming to virtual training environments.
   
• However, the effectiveness of volumetric video is dependent on the performance of these HMDs. Issues such as latency, resolution limitations, and field of view constraints can impact the user experience. As technology evolves, improvements in HMD design and performance are expected to enhance the delivery of volumetric content, making it more engaging and accessible for a broader audience.

In 2023, the North America market held the largest share of over 43%, and it is predicted that it will hold its dominant position throughout the forecast period. North America is a dominant region in the volumetric video market, owing to its advanced technological infrastructure and substantial investment in AR/VR technologies. The U.S. and Canada are key hubs for innovation, hosting numerous tech giants and startups that drive the development and integration of immersive content. High consumer demand for cutting-edge entertainment, gaming, and enterprise solutions accelerates the adoption of volumetric video. This region's well-established ecosystem and robust funding support further solidify its leadership in pushing the boundaries of volumetric technology.
 

China is rapidly advancing in volumetric video, fueled by strong government support and a burgeoning tech industry. Significant investments in AR/VR technology and a large, tech-savvy population are accelerating the development of immersive content. China’s focus on integrating advanced technologies into various sectors enhances its competitive position in the global market.
 

Japan leverages its expertise in gaming and entertainment to integrate volumetric video, enhancing interactive experiences. The country’s strong focus on technological innovation and high-quality content creation drives its adoption of immersive video technologies, particularly in gaming, media, and virtual experiences.
 

Germany applies volumetric video primarily in industrial and educational contexts, emphasizing simulations and advanced training methods. The country’s strong industrial base and commitment to technological advancement support the use of volumetric video for practical applications, enhancing its role in training and digital simulations.
 

South Korea capitalizes on its technological expertise and vibrant entertainment sector to advance volumetric video. The country’s focus on cutting-edge technology and innovative media applications drives growth in immersive content, particularly in gaming and virtual experiences, positioning it as a key player in the global market.
 

Volumetric Video Market Share

Microsoft Corporation and Intel Corporation are significant players in the volumetric video industry, driving innovation through their advanced hardware and software solutions. Microsoft’s investments in AR/VR technologies, such as HoloLens, and Intel’s high-performance processors enhance volumetric video processing and integration. Google LLC and Meta Platforms are also pivotal, with Google’s ARCore and Meta’s Oculus platforms leading immersive content development. Both companies are advancing volumetric video by integrating it into their ecosystems for enhanced virtual and augmented reality experiences.
 

8i Co. focuses on volumetric capture technology, creating high-quality 3D content for VR and AR applications. Sony Corporation leverages its expertise in electronics and entertainment to integrate volumetric video into gaming and media. Unity Technologies provides a robust engine for creating and rendering volumetric content, facilitating its adoption across various industries. Together, these companies drive innovation and expand the possibilities of volumetric video, enhancing interactive and immersive experiences.
 

Volumetric Video Market Companies

Major players operating in the volumetric video industry are:

• Microsoft Corporation
• Intel Corporation
• Google LLC
• Meta Platforms
• 8i Co.
• Sony Corporation
• Unity Technologies.
   

Volumetric Video Industry News

• In February 2024, Djinn Technologies, a UK-based company developing advanced volumetric and spatial camera sensor and scanning technologies, acquired EF EVE, a provider of consumer-friendly volumetric and spatial capture software.
   
• In January 2024, Arcturus, a leader in volumetric video technology, released several updates for its HoloSuite platform for volumetric video editing and XR content creation. With new blend tool HoloSuite users can connect volumetric video clips and blend them together seamlessly.
   

The volumetric video market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD million) from 2021 to 2032, for the following segments:

Click here to Buy Section of this Report

Market, By Volumetric Capture

• Hardware
• Software
• Services
  • Capture Setup and Consultation
  • Data Processing and Integration
  • Post-Capture Editing and Enhancement

Market, By Delivery Platform

• Projectors
• AR/VR HMDs
• Smartphones

Market, By Application

• 3D Product Visualization
• Film & TV Production
• Gaming
• Medical Training & Education
• Surgical Simulations
• Virtual Classrooms
• Virtual Sports Analysis
• Virtual Try-Ons
• Others

Market, By End Use Industry

• Education & Training
• Healthcare
• Media & Entertainment
• Retail & E-commerce
• Sports & Fitness
• Tourism & Hospitality
• Others

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • ANZ
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America 
• MEA
  • UAE
  • Saudi Arabia
  • South Africa
  • Rest of MEA