Volumetric Video Market Growth – Trends & Forecast 2024-2034

Volumetric Video Market Outlook from 2024 to 2034

The volumetric video market value is estimated to be USD 2.7 billion in 2024. The demand for volumetric video is predicted to grow at a robust CAGR of 29.3% during the forecast period.

The use of virtual and augmented reality (VR/AR) technology is expanding dramatically, driving the need for volumetric video to create realistic and engaging VR/AR experiences. The industry is estimated to reach a value of nearly USD 35.7 billion by 2034.

Volumetric Video Market Trends & Analysis

• The creation of light fields and holographic displays provide viewers with an immersive experience from many viewing angles, which is becoming popular. The enhancements that this technology offers for interactive gaming and entertainment experiences are expected to fuel the market.
• Real-time manipulation and interaction of volumetric content by several users simultaneously allow for collaborative experiences in an immersive environment. Microsoft Mesh and Facebook Horizon Workrooms are a few such applications that are in place to provide such services for professionals working remotely.

Report Attribute	Details
Volumetric Video Market Size (2024)	USD 2.7 billion
Anticipated Market Value (2034)	USD 35.7 billion
Projected Growth Rate (2024 to 2034)	29.3% CAGR

Global Volumetric Video Market Historical Analysis Vs Forecast Outlook

The net revenue generated from the use of volumetric video production was valued at USD 700 million in 2019. Over the next five years, the demand for the volumetric video surged at an average annual rate of 31.6%. By the end of this historical period in 2023, the net worth of the market reached USD 2.1 billion.

Many speakers and popular performers started adopting virtual events during the pandemic period to engage audiences with lifelike presentations and performances. The use of volumetric video technology strengthened immensely during these years to impart virtual events a more genuine feel.

Attributes	Details
Volumetric Video Market Value (2019)	USD 0.7 billion
Historical Market Revenue (2023)	USD 2.1 billion
Historical Growth Rate(CAGR 2019 to 2023)	31.6% CAGR

Prominent Factors for the Growth of the Global Volumetric Video Market

Immersive marketing experiences are becoming more productive day by day giving rise to a higher demand for stereoscopic video production. Present-day marketers are producing interesting and interactive 3D content that gives customers a more immersive experience of products and services, which is expected to fuel the market growth.

Using spatial audio technologies to create more realistic and immersive soundscapes inside volumetric material is expected to enhance the spatial video market outlook. Spatial audio integration platforms, like Google Spatial Audio and Dolby Atmos, are likely to transform the virtual reality production processes in the coming days.

Country-wise Insights

The table below lists the countries that are expected to remain promising in volumetric video-making through the projected years.

Countries	CAGR (2024 to 2034)
United States	29.5%
Japan	30.7%
United Kingdom	31%
South Korea	30.1%
China	30.4%

The United States Volumetric Video Market is Advancing with State-of-the-art Technologies

The United States market is projected to thrive at a CAGR of 29.5% from 2024 to 2034. The total valuation of the United States market is further projected to reach a valuation of USD 6.4 billion by 2034.

• An increase in the demand for online virtual conferences and events has accelerated the holographic video market trend in the United States.
• The gaming and entertainment industries' ongoing growth towards the creation of lifelike individuals and surroundings.

Short Format Mixed Reality Content is More Popular in the United Kingdom

The volumetric video content creation in the United Kingdom is expected to rise at a lucrative growth rate of 31% over the projected years. The net worth of the United Kingdom market is anticipated to reach a valuation of USD 1.5 billion by the end of the projected period.

• Medical experts in the United Kingdom are using volumetric video to see body parts more easily and clearly.
• Social media platforms' growing support for a 360-degree video market has encouraged influencers and content producers to produce interesting and viral content.

Spatial Capture Technology for Simulated Training Programs in China

The volumetric video market in China is anticipated to expand further at a CAGR of 30.4% through 2034. The market value is projected to reach USD 5.7 billion by 2034.

• The growing demand for four-dimensional (4D) and 360° content in the entertainment industry is driving the market.
• Higher demand for VR and AR for simulations and training programs for the workforce from sectors including industry, healthcare, and the military.

Volumetric Video Production in Japan Strengthened by Animation Content

The volumetric video industry is expected to rise at a CAGR of 30.7% over the next ten years. The net worth of the industry in Japan is projected to reach USD 3.6 billion by the end of this forecast period.

• Globally popular AR/VR filmmaking industries are employing volumetric video to improve storytelling and motion pictures.
• Volumetric video technology is gaining prominence as a useful tool for students in Japan to create realistic simulations and instructional content.

South Korea Volumetric Media Market Booming with K-pop Music Industry

The production of volumetric video content in South Korea is expected to rise at a rate of 30.1% through 2034. The net worth of the market is expected to reach USD 1.9 billion by 2034.

• A growing number of studios in the country produce volumetric content material for gaming and filmmaking.
• The rising popularity of the Korean music industry or K-pop has increased the demand for its 3D video live streaming across the globe.

Category-wise Insights

Virtual Projectors Dominate the Content Delivery Category of the Market

Based on content delivery type, the demand for volumetric projectors is expected to grow at a CAGR of 29.2% from 2024 to 2034.

Attributes	Details
Top Content Delivery Type	Projectors
Growth Rate from 2024 to 2034	29.2% CAGR
Growth Rate from 2019 to 2023	31.5% CAGR

• The creation of lifelike holographic projections is currently a popular trend in many tourist spots and public events worldwide.
• The creation of realistic training situations made possible by the mixed reality video market has substantially strengthened the projectors segment.

3D Visualization of Sports, Live Events, and Entertainment Content is higher

Based on the application, the sports, events, and entertainment segment is expected to expand at a rate of 29% from 2024 to 2034.

Attributes	Details
Top Application Type	Sports, Events, & Entertainment
Growth Rate from 2024 to 2034	29% CAGR
Growth Rate from 2019 to 2023	31.2% CAGR

• High-quality volumetric video creation at sports and events is now possible as camera capabilities continue to advance.
• Content creators as well as sports and event organizers are seeking more to offer an interactive and participatory experience for their audience.

Competitive Landscape in the Volumetric Video Market

The competition in the volumetric video creation sector is intense, with numerous technology companies participating in the market. Leading market players are using 3D holographic displays in conjunction with haptic feedback technology, like HaptX gloves and Ultrahaptics' mid-air haptics, to improve interaction realism.

On the other hand, emerging 3D video market players are adapting fast to draw in funding and attention from the film business.

Recent Developments in Global Volumetric Video Market

• In February 2024, Adhaiwell, a well-known leader in 3D LED screen production and creative video design, declared to release its most recent production, a 3D Tiger LED SCREEN movie. This work of art was presented at the prestigious RIGGING SERVICE Lighting & Building Exhibition in Germany, demonstrating Adhaiwell's skill in script production, installation, and unmatched visual storytelling.
• In July 2023, researchers from the Department of Computer Science at CU Boulder produced a unique shape-shifting display that fits on a card table. The apparatus consists of a 10-by-10 grid of soft robotic "muscles" that may form patterns by popping up in response to external pressure.

Key Players Profiled in the Volumetric Video Market Report

• Competition Deep Dive
• 8i Co.
• Alphabet Inc.
• Cannon Corp.
• Capturing Reality
• Coretec Group
• Dimension Co.
• Evercoast Co.
• Intel Corporation
• IO Industries
• Mark Roberts Motion Control
• Meta Platforms
• Metastage
• Microsoft Corporation
• Mod Tech Labs
• Scatter Co.
• Sony Corporation
• Stereo Labs

Key Coverage in the Volumetric Video Market

• Potential of Volumetric Video Market in Asia Pacific, Europe, BENELUX, and North America
• Top Companies by Volumetric Video Market Share
• Innovations in 3D Capture Technique in Volumetric Video Market
• Key Volumetric Video Market Players

Volumetric Video Market Report Scope

Attribute	Details
Estimated Market Size (2024)	USD 2.7 billion
Projected Market Size (2034)	USD 35.7 billion
Anticipated Growth Rate (2024 to 2034)	29.3%
Forecast Period	2024 to 2034
Historical Data Available for	2019 to 2023
Market Analysis	USD million or billion for Value and Units for Volume
Key Regions Covered	North America; Latin America; Europe; Middle East & Africa (MEA); East Asia; South Asia and Oceania
Key Countries Covered	United States, Canada, Brazil, Mexico, Germany, Spain, Italy, France, United Kingdom, Russia, China, India, Australia & New Zealand, GCC Countries, and South Africa
Key Segments Covered	By Product Type, By Application, By Content Delivery, and By Region
Key Companies Profiled	Competition Deep Dive; 8i Co.; Alphabet Inc.; Cannon Corp.; Capturing Reality; Coretec Group; Dimension Co.; Evercoast Co.; Intel Corporation; IO Industries; Mark Roberts Motion Control; Meta Platforms; Metastage; Microsoft Corporation; Mod Tech Labs; Scatter Co.; Sony Corporation; Stereo Labs
Report Coverage	Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives
Customization & Pricing	Available upon Request

Table of Content

• 1. Executive Summary
• 2. Market Overview
• 3. Market Background
• 4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034
• 5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Type
  • 5.1. Hardware
  • 5.2. Software
  • 5.3. Service
• 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Content Delivery
  • 6.1. Projectors
  • 6.2. AR/VR HMDs
  • 6.3. Smartphones
  • 6.4. Volumetric Displays
• 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Application
  • 7.1. Sports, Events, & Entertainment
  • 7.2. Medical
  • 7.3. Education & Training
  • 7.4. Signage & Advertisement
  • 7.5. Others
• 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region
  • 8.1. North America
  • 8.2. Latin America
  • 8.3. Western Europe
  • 8.4. Eastern Europe
  • 8.5. South Asia and Pacific
  • 8.6. East Asia
  • 8.7. Middle East and Africa
• 9. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
• 10. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
• 11. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
• 12. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
• 13. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
• 14. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
• 15. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
• 16. Key Countries Market Analysis
• 17. Market Structure Analysis
• 18. Competition Analysis
  • 18.1. 4Dviews
  • 18.2. 8i
  • 18.3. Alphabet
  • 18.4. Canon
  • 18.5. Capturing Reality
  • 18.6. Coretec Group
  • 18.7. Dimension
  • 18.8. Evercoast
  • 18.9. Intel Corporation
  • 18.10. IO Industries
  • 18.11. Mark Roberts Motion Control
  • 18.12. Meta Platforms
  • 18.13. Metastage
  • 18.14. Microsoft Corporation
  • 18.15. Mod Tech Labs
  • 18.16. Scatter
  • 18.17. Sony Corporation
  • 18.18. Stereolabs
• 19. Assumptions & Acronyms Used
• 20. Research Methodology