In a recently published report, 3D Motion Capture System Market report for till 2030. The report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for 3D Motion Capture System Market products.
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Moreover, increase in ICT spending around the globe for hardware, software, services, new technologies and telecom among others is also anticipated to contribute to the growth of the market in the coming years. The spending on new technologies recorded around USD 0.6 million in 2018 and is further estimated to reach close to USD 1.3 million by 2023. The total ICT spending around the globe further recorded close to USD 5 million in 2019 and is further.
Global 3D Motion Capture System Market is valued approximately USD 134.10 million in 2019 and is anticipated to grow with a healthy growth rate of more than 12.10 % over the forecast period 2020-2027. 3D Motion Capture System is referred as a process of recording movements of people or objects. It is widely used in sports, medical, entertainment, military applications and for the validation of robotics and computer visions. Generation of realistic and complex physical movements, real time data availability and good quality animation in less time are anticipated to drive the growth of the market during the forecast period. In addition, the advent of 3D gaming consoles and increase in the usage of cloud-based platforms are the few factors responsible for growth of the market over the forecast period. Furthermore, the introduction of new products and other strategic alliance by the market players will create a lucrative demand for the market.
For instance: as per the Max Planck Institute in June 2020, a team of scientists at the Max Planck Institute Systems in Germany has introduced a new algorithm model named VIBE that enables more accurate and detailed estimates of 3D human motion from video than was previously possible. Also, VIBE works on a large -scale motion capture database developed at the institute that can be used for visualization, animation and generating training data for deep learning. Such advancements would drive the growth of the market over the forecast period of 2020-2027. However, specific hardware and software required for data processing and need for high-end processors are the major factors restraining the growth of global 3D Motion Capture System market during the forecast period.
The regional analysis of global 3D Motion Capture System market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share as the region is one of the most significant markets for 3D motion capture, due to the increasing adoption of advanced technologies in the entertainment, advertising, and medical industries. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027.
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Major market player included in this report are:
Noitom
Northern Digita l(Ndi)
Optitrack
Vicon Motion System
Xsens Technologies
Motion Analysis
Motus Digital
Phasespace
Qualiysis
Simi Reality Motion Systems
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Technology:
Optical Systems
Non- Optical Systems
By Component:
Hardware
Software
Services
By Application:
Media and Entertainment
Biomechanical Research and Medical
Engineering & Design and Industrial Applications
Education
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027
Target Audience of the Global 3D Motion Capture System Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
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Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2018-2027 (USD Million)
1.2.1. 3D Motion Capture System Market, by Region, 2018-2027 (USD Million)
1.2.2. 3D Motion Capture System Market, by Technology, 2018-2027 (USD Million)
1.2.3. 3D Motion Capture System Market, by Component, 2018-2027 (USD Million)
1.2.4. 3D Motion Capture System Market, by Application, 2018-2027 (USD Million)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global 3D Motion Capture System Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global 3D Motion Capture System Market Dynamics
3.1. 3D Motion Capture System Market Impact Analysis (2018-2027)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global 3D Motion Capture System Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2017-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global 3D Motion Capture System Market, by Component
5.1. Market Snapshot
5.2. Global 3D Motion Capture System Market by Component, Performance – Potential Analysis
5.3. Global 3D Motion Capture System Market Estimates & Forecasts by Component 2017-2027 (USD Million)
5.4. 3D Motion Capture System Market, Sub Segment Analysis
5.4.1. Hardware
5.4.2. Software
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