Dublin, Aug. 29, 2023 (GLOBE NEWSWIRE) -- The "3D Motion Capture Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023-2028)" report has been added to ResearchAndMarkets.com's offering.
The global 3D Motion Capture market is set to experience a significant surge, projected to achieve a Compound Annual Growth Rate (CAGR) of 12.91% over the forecast period from 2023 to 2028. The market is anticipated to reach a value of USD 359.3 million within five years. The rising demand for high-quality 3D animations and technological advancements in computer vision technology are key drivers propelling this growth.
Market Dynamics
Drivers:
- Technological Advancements in Computer Vision: Advancements in computer vision technology are fueling the expansion of the 3D motion capture market. This progress enables more accurate and precise motion tracking, contributing to enhanced animation quality.
- Growing Demand for High-Quality 3D Animations: The increasing demand for high-quality 3D animations in entertainment fields, such as films and games, is boosting the adoption of 3D motion capture systems. These systems enable real-time motion tracking and animation creation.
- Wide Usage in Robotics and Industrial Applications: The integration of 3D motion capture in robotics and industrial sectors is expected to drive market growth. The technology offers real-time and precise measurements, contributing to tasks such as process control, analysis of equipment vibrations, and ergonomic assessments.
Opportunities:
- Rise of the Metaverse and Virtual Events: The post-COVID-19 era has spurred the launch of the metaverse and the adoption of advanced technologies for virtual events. These developments are anticipated to contribute to the growth of the 3D motion capture market.
- Expanding Applications in Engineering and Industrial Sectors: The application of 3D motion capture in engineering and industrial settings is poised for significant growth. The technology's ability to measure small and fast movements makes it valuable for process control, industrial design, and human safety assessments.
Companies Mentioned
Key companies operating in the global 3D Motion Capture market include:
- Codamotion - Charnwood Dynamics Ltd.
- Motion Analysis Corporation
- Noraxon USA Inc.
- Notch Interfaces Inc.
- Leyard (NaturalPoint Inc./OptiTrack)
- PhaseSpace Inc.
- Phoenix Technologies Inc.
- Qualisys AB
- AIQ Synertial Ltd.
- Vicon Motion Systems Ltd.
- Xsens Technologies BV
Conclusion
The 3D Motion Capture market is on the brink of robust growth, driven by technological advancements, increasing demand for high-quality animations, and expanding applications in various sectors. The use of 3D motion capture technology is expected to extend beyond entertainment, finding relevance in industries such as robotics and industrial engineering. The Asia-Pacific region, especially China and India, is poised to contribute significantly to market expansion, propelled by the adoption of visual effects, virtual reality, and film industry investments. The market's potential to revolutionize various sectors underscores its vital role in shaping the future of animation and motion tracking technologies.
For more information about this report visit https://www.researchandmarkets.com/r/cneqpu
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