Europe Volumetric Video Market Size, Share, and Analysis by 2028

The volumetric video market in Europe is expected to grow from US$ 403.82 million in 2021 to US$ 2,241.29 million by 2028; it is estimated to grow at a CAGR of 27.7% from 2021 to 2028.

France, Germany, Italy, UK, and Russia are major economies in Europe. Volumetric video has a lot of potential in videoconferencing and this is the major factor driving the growth of the Europe instrument calibrator market. The research and development on immersive teleconferencing are being carried out with an aim to produce a videoconferencing experience in which the visualization has been created, in such a way that the remote participants can experience the presence of each other in the same room. In a real-time situation, an ideal immersive teleconferencing system is needed to replicate the light and sound field observed by the user in a face-to-face meeting. In the past, the Halo system from Hewlett-Packard and the Telepresence system from Cisco provided spatial audio, life-size video, and environment excellence by providing furniture, lighting, even wall colors to maximize the conference experience. Even though these systems provided significantly improved conference experience in comparison with traditional video calls, they couldn’t provide immersive video experience, as the mutual gaze between attendees was not captured. Whereas, in teleconferencing, the volumetric video technology offers an improved quality of human-centered communication by providing immersive telepresence and natural representation of all participants in a shared virtual meeting space. Thus, this has created an opportunity for the volumetric video technology to be used in teleconferencing.  

Russia, France, Italy, Germany, Spain, and the UK are some of the worst hit countries in Europe, considering the count of COVID-19 cases. The region witnessed a significant decline in revenue from several industries as the government authorities imposed stringent containment measures. Owing to travel restrictions, movement of people from one place to another was reduced drastically. The decline in sport industry of Europe has significantly impacted the market growth in first half of 2020. However, consumers are getting more aware and attracted towards augmented reality, 3D videos, holograms, and others. Thus, the requirement for volumetric video solution is rising notably. The demand for software and camera required to capture and process the videos for entertainment, ecommerce, training, and education purpose is predicted to grow in the region. Volumetric video companies can grab the opportunities emerged due to COVID - 19 for training, education, and esports applications. Post-pandemic, The volumetric video market across Europe is estimated to grow for numerous applications.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Europe volumetric video market. The Europe volumetric video market is expected to grow at a good CAGR during the forecast period.

Europe Volumetric Video Market Segmentation

Europe Volumetric Video Market – By Volumetric Capture

• Hardware

• Camera Units
• Processing Units
• Networking Units

• Solution
• Services

Europe Volumetric Video Market – By Application

• Sports Events and Entertainment
• Medical
• Signage and Advertisement
• E-commerce
• Video games and eSports
• Training
• Education
• Video streaming and Alternate realities
• Others

Europe Volumetric Video Market, by Country

• Germany
• France
• Italy
• UK
• Russia
• Rest of Europe

Europe Volumetric Video Market - Companies Mentioned

• 4Dviews
• Canon Inc.
• DGene Inc
• Dimension
• EF EVE
• HoloCap
• Imverse SA
• Microsoft Corporation
• Sense of Space
• Sony Corporation
• Volucap

Europe Volumetric Video Report Scope