Volumetric Video Global Market Report 2024

The volumetric video market size has grown exponentially in recent years. It will grow from $2.25 billion in 2023 to $2.88 billion in 2024 at a compound annual growth rate (CAGR) of 27.9%. The growth observed in the historic period can be attributed to several factors, including heightened consumer demand for immersive content, increased investments from the media and entertainment industry, the integration of live events and sports broadcasting, the merging of the gaming industry, and the utilization of immersive technology in educational and training applications.

The volumetric video market size is expected to see exponential growth in the next few years. It will grow to $8.09 billion in 2028 at a compound annual growth rate (CAGR) of 29.5%. Anticipated growth in the forecast period is likely driven by the expansion of volumetric video technology in healthcare applications, the incorporation of cinematic experiences within theme parks, the development of enhanced content creation tools, the global expansion of volumetric video studios, and efforts focused on improving accessibility and standardization. Key trends expected during this period encompass advancements in capture technology, the utilization of volumetric video in virtual conferencing and events, the emergence of cloud-based volumetric video services, real-time volumetric video streaming capabilities, as well as increased collaborations and partnerships within the industry.

The surge in augmented reality (AR) usage is expected to drive the volumetric video market's growth. Volumetric video capture technology digitizes three-dimensional spaces in real-time, finding applications in cultural heritage preservation, exhibition curation, and storytelling. Counterpoint Research projected a remarkable growth from 11 million to 105 million units in VR and AR headset shipments between 2021 and 2025, indicating the expanding adoption and utilization of AR devices set to propel the market forward in the forecast period.

The projected growth of the Volumetric Video market is linked to the burgeoning film and entertainment industry. This industry, focusing on various visual and auditory media forms for entertainment, utilizes Volumetric Video for immersive storytelling and content creation. Statistics Canada reported a substantial increase in the motion picture theatre industry's revenue in 2022, marking a 171.4% rise from earnings during the pandemic year of 2020. This growth within the film and entertainment industry is expected to propel the Volumetric Video market forward in the forecast period.

Technological advancements revolutionize the volumetric video market. For instance, in February 2022, Wild Capture launched the Digital Human Platform, aiming to advance XR technologies. This platform offers production services for creating digital humans, volumetric crowds, and CG fashion for media and software-based deliveries, enhancing the production of volumetric video.

Leading players in the volumetric video industry are leveraging strategic partnerships to drive innovation and expand market presence. IBM, a US-based technology company, partnered with Canon Inc., a Japan-based provider of digital imaging solutions, in July 2021. This collaboration aims to democratize high-quality digital video content creation using volumetric video technology in entertainment and the arts. Volumetric video technology utilizes cameras and advanced data processing to render 3D images from a virtual space, allowing viewers to experience immersive content from various angles, enhancing their viewing experience.

In October 2021, 3D Systems, a US-based comprehensive 3D products and services provider, finalized the acquisition of Volumetric Biotechnologies for $400 million. This acquisition positions 3D Systems to establish a premier research capability in Houston, Texas, focusing on bioprinting human organs and developing vascularized human tissues. Volumetric Biotechnologies, based in the US, specializes in developing and commercializing advanced bioprinted constructs for non-organ applications within the body.

Major companies operating in the volumetric video market report are 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, IO Industries Inc., Brainstorm Multimedia, 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, SideFX, The Foundry Visionmongers, Varjo Technologies Oy, Ventuz Technology AG, VividQ Limited, Vizrt, Volograms, Voxon Photonics, Zero Density.

North America was the largest region in the volumetric video market share in 2023. 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. The countries covered in the volumetric video market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Volumetric video systems comprise key components: hardware, software, and associated services. The hardware involves deploying multiple cameras and processing units to capture and digitize three-dimensional spaces, enabling the repositioning of objects within mobile, web, or virtual environments for 3D viewing. Content from volumetric video can be delivered through projectors, AR/VR head-mounted displays (HMDs), smartphones, and specialized volumetric displays. Volumetric video technology finds applications in diverse sectors such as sports, entertainment, medical fields, signage, advertising, as well as education and trainin.

The volumetric video market research report is one of a series of new reports that provides volumetric video market statistics, including volumetric video industry global market size, regional shares, competitors with a volumetric video market share, detailed volumetric video market segments, market trends and opportunities, and any further data you may need to thrive in the volumetric video industry. This volumetric video market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The volumetric video market includes revenues earned by entities by high-end capture, sensor-based capture, and mobile device capture technologies. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


This product will be delivered within 3-5 business days.