What is Motion Tracking System?
Motion tracking systems are used for the monitoring and analyzing of human motion for different applications such as rehabilitation, scientific research, sports, entertainment, and military applications. The Canada motion tracking system market is expected to grow at a moderate pace during the forecast period, according to the AMA study. The increasing adoption of motion tracking in gaming & entertainment applications is expected to be one of the major factors aiding the growth of the market. However, the market is expected to witness a decline in its growth during FY 2020 but it is again rising at a healthy pace after FY 2020.
The market study is broken down, by Application (Wireless, Head-Mounted, Hand & Finger and Others) and major geographies with country level break-up.
The vendors in this market are majorly focusing on developing innovative products and solutions in order to cater to the market's demands to remain competitive in the market. The recent global industry crisis due to the outbreak of COVID-19 is expected to be one of the major challenges for the vendors of this market as the production and markets of different industries have been shut down for an ambiguous period of time. Research Analyst at AMA estimates that Players from United States, Canada will contribute to the maximum growth of Global Motion Tracking System market throughout the predicted period.
CAST Group of Companies Inc. (Canada), Motion Analysis (US), Motus Digital (US), Noitom (China), Northern Digital (Canada), OptiTrack (United States), Phasespace (United States), PTI Phoenix Technologies Inc. (Canada), Qualiysis (Sweden), Simi Reality Motion Systems (Germany), Vicon Motion Systems Ltd UK (United Kingdom) and Xsens Technologies (Netherlands) are some of the key players that are part of study coverage.
AdvanceMarketAnalytics has segmented the market of Global Motion Tracking System market by Type, Application and Region.
On the basis of geography, the market of Motion Tracking System has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End Use, the sub-segment i.e. Military will boost the Motion Tracking System market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Hardware, the sub-segment i.e. Hardware will boost the Motion Tracking System market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Stringent Regulations Regarding the Shutting Down of Industry Operations and Lockdown Situation Across Canadian Region in FY 2020 has Impacted the Market
- Rising Automation Across Different Industries
- Increasing Use of Motion Tracking Systems in Gaming Applications
- The Growing Demand from Military Training Applications
- Higher Adoption of Passive Optical Systems & Observing Real-Time Data is Expected to Generate Huge Opportunities for Market Vendors During the Forecast Period
- Lack of Skilled Professionals
- High Cost of Hardware & Software
Analyst ViewSince the COVID-19 virus outbreak in December 2019, the disease has spread to more than 200 countries across the world along with the World Health Organization declaring it a public health emergency. The impact of the COVID-19 has already hit many industries which has also affected the Canada motion tracking systems market in FY 2020. Shutting down of entertainment sector such as holding on the filming projects, the gaming sector and many more in the FY 2020 which has impacted the market on a strong basis are some of the major factors which has impacted the market in 2020. According to the study, the market is expected to regain its pace in the second half of FY 2021 owing to restarting of different sectors implementing motion tracking systems which is expected to drive the market during the near future. Furthermore, different rehabilitation centres are taking initiatives to partner with market vendors in order to provide effective treatment to the patients through motion tracking systems which is another major factor expected to drive the market during the forecast period.
About ApproachDuring this study the evaluation and validation of the market size is done through various sources including primary and secondary analysis. AMA Research & Media follows industrial and regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.
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