Report : Europe 3D Avatar Solution Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Component (Solution and Services), Model (Stylized, Realistic, and Futuristic), and End User (Media and Entertainment, Healthcare, Fashion, and Others)
At 32.3% CAGR, the Europe 3D Avatar Solution Market is speculated to be worth US$ 216.80 million by 2028, says Business Market Insights
According to Business Market Insights’ research, the Europe 3D avatar solution market was valued at US$ 40.48 million in 2022 and is expected to reach US$ 216.80 million by 2028, registering a CAGR of 32.3% from 2022 to 2028. Rise in development of new 3D avatar solutions and adoption of advanced technology like metaverse and 3D avatar in fashion industry are the critical factors attributed to the Europe 3D avatar solution market expansion.
3D body scanners are being adopted across industries such as healthcare, fashion, and modern art to provide a 3D replica of the human body for measurements, treatment plans, and modern art development. As a result, the demand for advanced 3D scanners and software is increasing across the region. A few of the notable players operating in the 3D avatar solution market that offer 3D avatar solutions include Texel, LLC and TG3D Studio. A few of the recent development of new 3D scanning models have taken place in recent years. For instance. in July 2022, TechMed 3D launched a SNAP application for human body 3D models and measurement. The application offered clinicians easy access to 3D body scans and measurements. The scanners enable the doctors to capture accurate body images; hence, the need for manual input of any other body specification is minimal. Similarly, in April 2021, NetVirta announced the launch of Verifyt, its new 3D body scanning application for apparel and footwear brands. The application is designed for both apparel manufacturers and consumers. It is developed to increase fitting efficiency, thereby reducing return rates. The rise in investment by the 3D avatar solution players to innovate and develop new and advanced products is driving the growth of the Europe 3D avatar solution market.
On the contrary, high preference of shopping from of brick-and-mortar stores hurdles the growth of Europe 3D avatar solution market.
Based on component, the Europe 3D avatar solution market is bifurcated into solution and services. The solution segment held 71.4% market share in 2022, amassing US$ 28.89 million. It is projected to garner US$ 158.82 million by 2028 to expand at 32.9% CAGR during 2022–2028.
Based on model, the Europe 3D avatar solution market is segmented into stylized, realistic, and futuristic. The stylized segment held 41.4% market share in 2022, amassing US$ 16.75 million. It is projected to garner US$ 83.32 million by 2028 to expand at 30.7% CAGR during 2022–2028.
Based on end user, the Europe 3D avatar solution market is segmented into media and entertainment, healthcare, fashion, and others. The fashion segment held 37.0% market share in 2022, amassing US$ 14.99 million. It is projected to garner US$ 76.14 million by 2028 to expand at 31.1% CAGR during 2022–2028.
Based on country, the Europe 3D avatar solution market has been categorized into the UK, Germany, France, Italy, Russia, and rest of Europe. Our regional analysis states that Germany captured 34.2% market share in 2022. It was assessed at US$ 13.83 million in 2022 and is likely to hit US$ 72.48 million by 2028, exhibiting a CAGR of 31.8% during the forecast period.
Key players dominating the Europe 3D avatar solution market are 3D Generation GmbH, Bodygee AG, NeXR Technologies SE, Osensus GmbH, Polyga Inc, Texel Inc LLC, and TG3D Studio Inc among others.
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