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The global 3D motion capture system market is estimated to reach USD 332.73 billion by 2031, growing at a CAGR of 14.10% during the forecast period 2023-2031. The market growth is attributed to various factors such as increasing popularity of science fiction movies among the young population coupled with rising demand for high-quality 3D animation across industries. However, requirement of specific hardware and software for data processing and requirement of high-end processors are hindering the market growth over the forecast period.
Segmentation Overview of the Global 3D Motion Capture System Market
The global 3D motion capture system market is segmented on the basis of component, system, application and end-user. These major market segments are further categorized into various sub-segments to study the market in detail.
Geographically, the global 3D motion capture system market has been divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America. As per the studies, North America hold majority of the market share owing to high adoption rate of new technological innovations in relevant fields, increasing popularity of 3D motion capture in the US and presence of major 3D motion capture companies in the region such as Vicon Motion Systems Inc., OptiTrack, PhaseSpace Inc., and Motion Analysis Corporation.
COVID-19 impact on the Global 3D Motion Capture System Market
In COVID-19 times, due to lockdown in countries across the world, the media production firms are ceased. Like many other business, global 3D motion capture service business has had a negative effect. The entertainment industry has had a long standstill creating a slowing down on the market. Although, due to decline in economic growth diminishes the demand for the gaming world. Additionally, from the software point of view, the periodic renewal of licenses is expected to endure making returns for the vendors in the industry.
Key Players Insights
Motion Analysis Corporation, Synertial XSens Technologies, Qualisys Vicon Motion Systems, Northern Digital Codamotion and STT Systems among others are included in the research study of the global 3D motion capture system market. Companies are working in collaboration to hold a fair market share during the forecast period. For instance, a few software companies have developed mobile-based subscription apps for small-scale artists in collaboration with tech companies such as Xsens. Some of the solutions are Polywink, CV-AR(Maxon), Face Cap, and CrazyTalk Animator 3 Pro (Reallusion Inc.).
Research Report on the Global 3D Motion Capture System Market Include: