DUBLIN — (BUSINESS WIRE) — July 21, 2020 — The "3D Motion Capture System Market with Covid-19 Impact Analysis by System (Optical, Non-Optical) Type (Hardware, Software, Service), Application (Media and Entertainment, Biomechanical Research and Medical), Geography - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
The 3D motion capture system market was valued at USD 163 million in 2019 and is projected to reach USD 266 million by 2025; it is expected to grow at a CAGR of 12.1% from 2020 to 2025.
The growth of the 3D motion capture system market is driven by increasing demand for high-quality 3D animation across industries, technological innovations in computer vision, and popularity of science fiction movies among the young population.
COVID-19 has emerged as a global pandemic that has spread across 215 countries worldwide and disrupted various industries around the world. The prominent players across industries have been affected by this pandemic. The foreseeable decline in the growth of end-user industries may have a considerable direct impact on the 3D motion capture system market.
The non-optical 3D motion capture system is expected to grow at the highest CAGR during the forecast period.
Non-optical systems are relatively cheaper than optical systems. Moreover, non-optical systems provide real-time data output with immediate feedback. The system offers multiple performance captures and does not use markers for operation. Hence, they are widely used for applications that require a reliable service.
The media and entertainment segment is projected to account for the largest share of the 3D motion capture system market during the forecast period.
The media and entertainment application is expected to hold the largest share of the 3D motion capture system market during the forecast period. The growth is attributed to the increasing adoption of 3D motion capture systems for broadcast, live shows, and gaming. Because of the easy and real-time implementation of 3D motion capture systems for creating and animating new creatures and models in games and films, the media and entertainment application has a high share in the overall market. The economic effects of COVID-19 are expected to impact the media and entertainment industry, which is expected to influence the growth of the 3D motion capture system market in 2020.
APAC is projected to grow at a higher CAGR during the forecast period.
Countries such as China and India are witnessing rising demand for 3D motion capture systems. Media and entertainment are some of the main application areas of 3D motion capture systems. Thus, increasing applications of animation across films are likely to create demand for 3D motion capture systems in the country. COVID-19 forced lockdowns across APAC. Asian countries under lockdown have suffered tremendous loss of business and revenue due to the shutdown of many manufacturing units. Thus, widely mandated stay-at-home orders are already having an impact on the various markets in APAC. This has impacted the demand for 3D motion capture systems in 2020.
Market Dynamics
Drivers
- Demand for High-Quality 3D Animations Across Industries
- Technological Innovations in Computer Vision
- Real-Time Data with Exceptional Spatial and Temporal Accuracy
- Popularity of Science-Fiction Movies Among Young Population
Restraints
- Specific Hardware and Software Required for Data Processing
- Decline in Demand for 3D Motion Capture System Due to Covid-19
Opportunities
- Growing Adoption of 3D Mocap Systems in Biomechanics, Medical, and Industrial Applications
- Growing Use of Cloud-Based Platforms for 3D Motion Capture
Challenges
-
Need for High-End Processors
Companies Profiled
- Noitom
- Northern Digital (NDI)
- Optitrack
- Vicon Motion System
- Xsens Technologies
- Motion Analysis
- Motus Digital
- Phasespace
- Qualiysis
- Simi Reality Motion Systems
- Ar Tracking
- Codamotion
- Dari Motion
- Metria Innovation
- Motion Workshop
- Nansense
- Noraxon
- Phoenix Technologies
- Rokoko Electronics
- STT Systems
For more information about this report visit https://www.researchandmarkets.com/r/cufw84
View source version on businesswire.com: https://www.businesswire.com/news/home/20200721005411/en/
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