Camera Tracking Market New Technologies with 12.86% of CAGR by 2028 – Mo-Sys Engineering, Ncam, SOLIDTRACK, Stype Norway AS, Vision Age VFX Company

June 03 21:21 2021
Camera Tracking Market New Technologies with 12.86% of CAGR by 2028 - Mo-Sys Engineering, Ncam, SOLIDTRACK, Stype Norway AS, Vision Age VFX Company

The Insight Partners
According to our latest market study on “Camera Tracking Software Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by component and tracking type,” the market was valued at US$ 286.8 million in 2020 and is projected to reach US$ 734.1 million by 2028; it is expected to grow at a CAGR of 12.86% from 2021 to 2028.

Camera tracking includes taking a post, which has been filmed with a camera and tracking its motion so that 3d elements can be added to it. Camera tracking is used for movies and TV shows in order to add special effects, backdrops, and robots. With the camera tracker, one can track the camera motion in 2D sequences in order to create an animated 3D camera. Tracking camera movement in 2D footage allows to add virtual 3D objects to the 2D footage.

Camera Tracking Market Forecast to 2028 – COVID-19 Impact and Global Analysis by Component (Software, Services); Tracking Type (Still Tracking, Sequence Tracking) and Geography

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Impact of COVID-19 Pandemic on Camera Tracking Software Market

The US has reported the highest number of COVID-19 cases in North America, and the count has reached more than 20 million as of 2021; California, Texas, Florida, and New York are among the highly affected areas. The federal government in the country did not impose nationwide lockdown in 2020; however, governors of few sates decided to impose lockdown in their respective states, which led to the disruption of operations of various sectors, including manufacturing, IT, and media and entertainment. Production houses had to put a halt on several big film projects amid this scenario, as different locations were restricted for shooting films and TV shows. Moreover, cinema halls were shut down due to bankruptcy. In the US, ~2,500 cinemas were shut down to avoid public gatherings. As a result, the businesses related to filmmaking, such as shooting equipment, sound equipment, editing software, and special effect software, as well as services, experienced slump in growth. However, with the easing of lockdown conditions and organization of mass vaccination drives in late 2020, the production and shooting of film/TV shows resumed gradually in 2021.As a result, the media and entertainment sector, as well as the camera tracking market, in North America is likely to recover in the coming months.

The “Global Camera Tracking Market Analysis to 2028” is a specialized and in-depth study of the camera tracking market with a special focus on the global market trend analysis. The report aims to provide an overview of camera tracking market with detailed market segmentation by component, tracking type and geography. The global camera tracking market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading camera tracking market players and offers key trends and opportunities in the camera tracking market.

Rising Adoption of Camera Tracking Software Boosts Market Growth

Leading countries such as the US, Canada, the UK Australia are focusing on making sustainable investments. The US, Canada, and Mexico are among the major economies in North America. This region contributes a significant share to the global camera tracking market owing to high investments by production houses and other stakeholders operating in media and entertainment sector, coupled with growing popularity of science fiction (sci-fi) cinema. Further, the mounting popularity of YouTube channels and short video-making for earnings is propelling the demand for the software solutions. A camera tracking software are used to bring more effectiveness and reality in these films or videos.

Strategic Insights

Players operating in the camera tracking software market are mainly focused on the development of advanced and efficient products.

  • In 2021, NCAM launched its the latest version of the Ncam reality software.

In 2021, Boris FX Silhouette became a part of Netflix Post Technology Alliance in the VFX category

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