Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 180 Million | USD 600 Million | 14.12% | 2022 |
The global 3D motion capture system market size was worth around USD 180 Million in 2022 and is predicted to grow to around USD 600 Million by 2030 with a compound annual growth rate (CAGR) of roughly 14.12% between 2023 and 2030. The report analyzes the global 3D motion capture system market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the 3D motion capture system industry.
The 3D motion capture system industry revolves around the research, development, production, and distribution of systems and devices that are used to record or capture the movement of people or objects in 3 dimensions (3D). These advanced tools are used in the field like movie or video game making but have recently found wide applications in other industries including biomechanical analysis, medical research, sports analysis, and others. The core devices used in the industry are different types of cameras and sensors that monitor the movement of the intended subject while ensuring that the information collected, in 3D, is recorded properly and available for further analysis. One of the key reasons for the growth in the market is the growing research and consistent upgrades in these technologies making them highly useful for various end-use verticals allowing them to improve final processes or deliverables.
Growing applications in the entertainment industry to propel market demand
The global 3D motion capture system market is projected to record high CAGR due to the increasing application of the systems in one of the highest revenue grossing and fastest growing industries that deal with the production of movies and other entertainment programs that has a large-scale and dedicated consumer database across the globe. The entertainment industry, since its inception, has undergone multiple changes every decade. This is due to the consistent investment in the development and use of better technologies that allow an improved viewing experience. For instance, the adoption of 3D and now 4D movie-making concepts was unbelievable until a decade ago. But the concept has not only become a reality but is registering more interest from the producers toward incorporating more advanced systems. This trend is expected to help the industry players attend high CAGR in the coming years.
High cost to act as a barrier
The 3D motion capture system industry may struggle due to the high cost associated with the purchase and maintenance of the systems. This is especially applicable to businesses with tighter budgets or limited resources. Furthermore, these advanced tools necessitate the use of skilled labor to make the best of product offerings. The supply is in comparison to the growing demand for proficient people who can manage and use such complex mechanisms. This could severely impact the market size during the projection period.
Investments for expansion in new industries to provide excellent growth opportunities
Although the system and technology in the global 3D motion capture system market have wide-scale applications in several industries, there are still a lot of sectors that remain unexplored in terms of using these tools and systems. For instance, in the automotive sector, 3D motion capture tools can be used during the development and testing phase. It can also be applied in the construction and business sector to track the movements of employees to ensure safety. This is applicable to the mining segment as well. However, it remains to be seen if the businesses would be willing to spend extra money on 3D motion capture technology.
Growing competition from alternative technologies to challenge market growth
The products, systems, or tools in the market are accurate and completely reliable for certain end-user verticals. But the 3D motion capture system industry faces heavy competition from other types of alternatives present in the commercial market and mostly from lidar or photogrammetry technologies. These technologies may provide the same kind of result and at a lower cost which may end up meeting the requirements of smaller players. Such incidents could severely impact global market growth.
The global 3D motion capture system market is segmented based on application, system, type, and region.
Based on application, the global market segments are biomedical research, media & entertainment, engineering & design, education, industrial, and others.
Based on system, the global market divisions are non-optical and optical.
Based on type, the global market divisions are software, hardware, and services.
Report Attributes | Report Details |
---|---|
Report Name | Global 3D Motion Capture System Market Research Report |
Market Size in 2022 | USD 180 Million |
Market Forecast in 2030 | USD 600 Million |
Growth Rate | CAGR of 14.12% |
Number of Pages | 203 |
Key Companies Covered | ART Advanced Realtime Tracking GmbH, Vicon Motion Systems, STT - Systems Technologies & Training, Xsens Technologies B.V., OptiTrack, Simi Reality Motion Systems GmbH, Codamotion, Motion Analysis Corporation, Noitom Ltd., PhaseSpace Inc., AIT Austrian Institute of Technology GmbH, Qualisys AB, Trackdollar LLC, Northern Digital Inc. (NDI), NaturalPoint Inc., Synertial Labs, Phoenix Technologies, Perception Neuron by Noitom, Animazoo UK Ltd., and Phasespace, Inc. |
Segments Covered | By Application, By System, By Type, And By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2023 - 2030 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
North America to lead with the highest growth
The global 3D motion capture system market is projected to register the highest growth in North America due to the currently existing database of strong players along with their consistently rising revenue. Furthermore, the region is witnessing the emergence of new players that are investing heavily in undertaking new research & development projects to cater to the dynamic demand for multiple end-user verticals. In addition to this, the entertainment industry of the US is one of the world’s most renowned and heavily invested industries. As this sector witnesses the adoption of more advanced tools and systems, the requirement for 3D motion capture systems is projected to grow simultaneously. Moreover, the number of research initiatives undertaken by organizations and universities working in the field of motion sensing is expected to contribute to the regional market.
The global 3D motion capture system market is led by players like:
By Application
By System
By Type
By Region
FrequentlyAsked Questions
The 3D motion capture system industry revolves around the research, development, production, and distribution of systems and devices that are used to record or capture the movement of people or objects in 3 dimensions (3D).
The global cochlear market is projected to grow at a significant rate due to the growing applications in the entertainment industry.
According to study, the global 3D motion capture system market size was worth around USD 0.18 billion in 2022 and is predicted to grow to around USD 0.6 billion by 2030.
The CAGR value of the 3D motion capture system market is expected to be around 14.12% during 2023-2030.
The global 3D motion capture system market is projected to register the highest growth in North America due to the currently existing database of strong players along with their consistently rising revenue.
The global 3D motion capture system market is led by players like ART Advanced Realtime Tracking GmbH, Vicon Motion Systems, STT - Systems Technologies & Training, Xsens Technologies B.V., OptiTrack, Simi Reality Motion Systems GmbH, Codamotion, Motion Analysis Corporation, Noitom Ltd., PhaseSpace Inc., AIT Austrian Institute of Technology GmbH, Qualisys AB, Trackdollar LLC, Northern Digital Inc. (NDI), NaturalPoint Inc., Synertial Labs, Phoenix Technologies, Perception Neuron by Noitom, Animazoo UK Ltd., and Phasespace, Inc.
RelatedNews
HappyClients
Zion Market Research
Tel: +1 (302) 444-0166
USA/Canada Toll Free No.+1 (855) 465-4651
3rd Floor,
Mrunal Paradise, Opp Maharaja Hotel,
Pimple Gurav, Pune 411061,
Maharashtra, India
Phone No +91 7768 006 007, +91 7768 006 008
US OFFICE NO +1 (302) 444-0166
US/CAN TOLL FREE +1 (855) 465-4651
Email: sales@zionmarketresearch.com
We have secured system to process your transaction.
Our support available to help you 24 hours a day, five days a week.
Monday - Friday: 9AM - 6PM
Saturday - Sunday: Closed