Global Volumetric Display Market Insights Forecasts to 2032
- The Global Volumetric Display Market Size was valued at USD 234 Million in 2022.
- The Market is Growing at a CAGR of 25.5% from 2022 to 2032
- The Worldwide Volumetric Display Market Size is Expected To Reach USD 2270 Million by 2032
- Asia-Pacific is Expected To Grow the fastest during the forecast period
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The Global Volumetric Display Market size is anticipated To Exceed USD 2270 Million by 2032, growing at a CAGR of 25.5% from 2022 to 2032. Continued innovation and technological advancements in 3D display technologies to deliver enhanced resolutions and features will propel market growth over the forecast period.
Volumetric displays are visual display devices that generate a three-dimensional visual representation of an object using a 360-degree spherical viewing angle. These are also known as graphic displays, which generate 3D imagery by scattering, emitting, or relaying light from well-defined regions in (x, y, z) space. These volumetric displays involve various components such as a motor, position sensors, projectors, and mirrors. They are classified into two types, swept volume and static volume. Volumetric displays are diametrically opposite to planar images. They have unique properties such as 360-degree viewing, converge and accommodation cue agreement, and their inherent 3D format, which allows for new user interface techniques. Volumetric displays are widely used in clinical diagnosis, data visualization, military training, films, and games. These are commonly found in the aerospace, automotive, and oil and gas industries. Since its widespread use in raising awareness in education and battlefield monitoring applications, demand for this technology is growing in the defense industry across developed countries. The growing interest in 3D displays, as well as technological advancements in 3D display technologies, are driving up demand for volumetric displays.
This research report categorizes the market for the global volumetric display market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the volumetric display market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the volumetric display market.
Global Volumetric Display Market Report Coverage
|Market Size in 2022:
|USD 234 Million
|2022 – 2032
|Forecast Period 2022 – 2032 CAGR:
|022 – 2032 Value Projection:
|USD 2270 Million
|Historical Data for:
|No. of Pages:
|Tables, Charts & Figures:
|By Display Type, By End-User, By Region, and COVID-19 Impact Analysis.
|Alioscopy, FoVI 3D, Holoxica Limited, HYPERION, Lightspace Technologies LTD., Lumi Industries, Optecks, LLC, RIVOX, SeeReal Technologies S.A., The Coretec Group, VIRTUAL ON LTD., VividQ Ltd., Volucap GmbH, and Other Key Vendors.
|Pitfalls & Challenges:
|COVID-19 Empact, Challenges, Future, Growth, & Analysis
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Growing investments by key market players to produce innovative displays will propel market growth during the forecast period, owing to the rapid increase in demand from a large consumer base globally.The rising adoption of display technology in various sectors, particularly the defense industry, for various combat awareness and battlefield monitoring applications, is expected to drive market growth. The growing popularity of volumetric displays in industries such as aerospace, healthcare, and entertainment for applications such as research and development, media marketing, and patient surgery is projected to boost product demand.
The high cost of devices and the complex assembly of components such as projectors, motors, sensors, and laser systems are expected to be major challenges to market growth during the forecast period. The requirement for a large bandwidth complicates development and raises end-product costs, stifling market growth. The sophistication and cost of volumetric exhibits are two significant challenges for the market.
The Global Volumetric Display Market share is classified into display type and end user.
- The static volume segment is expected to grow fastest in the global volumetric display market during the forecast period.
Based on display type, the global volumetric display market is classified into static volume and swept volume. Among these, the static volume segment is expected to grow fastest in the global volumetric display market during the forecast period. Since its ease of availability in various categories, the static volume segment dominates the market share. They also help to speed up security checks at airports and improve visibility during medical procedures.
- The medical segment is expected to grow at the highest pace in the global volumetric display market during the forecast period.
Based on the end user, the global volumetric display market is divided into medical, aerospace & defense, and automotive. Among these, the medical segment is expected to grow at the highest pace in the global volumetric display market during the forecast period. Volumetric displays are increasingly being used in medical imaging applications such as computed tomography (CT) and magnetic resonance imaging (MRI) to provide a more precise and detailed representation of organs and tissues. Furthermore, volumetric displays can assist surgeons in spotting intricate anatomical structures during operations, improving outcomes and lowering the risk of complications.
Regional Segment Analysis of the Global Volumetric Display Market
- North America (U.S., Canada, Mexico)
- Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
- Asia-Pacific (China, Japan, India, Rest of APAC)
- South America (Brazil and the Rest of South America)
- The Middle East and Africa (UAE, South Africa, Rest of MEA)
North America is anticipated to hold the largest share of the global volumetric display market over the predicted timeframe.
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North America is projected to hold the largest share of the global volumetric display market over the predicted years. The primary factors driving market growth in this region are the increasing penetration of 3D volumetric displays in the oil and gas industry for real-time visualization of 3D fluid flow. Another key driver of regional market growth is the region's increasing adoption of innovative technology such as auto-stereoscopic displays in the healthcare sector. Furthermore, a rapid increase in US defense spending to deploy advanced technologies for military simulation and training applications is expected to influence regional market growth.
Asia-Pacific is expected to grow fastest in the global volumetric display market during the forecast period. Consumer preference for high-tech gaming solutions in countries such as Japan, China, and Australia is propelling market growth in this region. Furthermore, the rapidly growing consumer electronics industry as a result of increased FDI in the region is a critical factor for regional market growth. Low production costs and mass manufacturing facilities in countries such as China, India, and Japan are expected to drive regional market growth.
The report offers the appropriate analysis of the key organizations/companies involved within the global volumetric display along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.
List of Key Companies
- FoVI 3D
- Holoxica Limited
- Lightspace Technologies LTD.
- Lumi Industries
- Optecks, LLC
- SeeReal Technologies S.A.
- The Coretec Group
- VIRTUAL ON LTD.
- VividQ Ltd.
- Volucap GmbH
Key Target Audience
- Market Players
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
- In May 2023, Looking Glass Liteforms is the latest product from Looking Glass, a hologram company. This ground-breaking platform brings to life conversational holographic characters, revolutionizing how we interact with digital avatars. Users can engage in lifelike conversations with interactive holographic characters using Looking Glass Liteforms, opening up new avenues for communication and entertainment. This ground-breaking technology combines advanced display capabilities with powerful language models to improve the realism and interactivity of holographic experiences.
- In December 2022, LightSpace Technologies, Ltd. and EUROLCDS, Ltd. announced that the fourth quarter of their joint project to develop a multi-plane volumetric display screen has been completed. This collaborative effort aims to improve the optical performance of display technology by utilizing polymer interlayer lamination in novel ways.
This study forecasts revenue at global, regional, and country levels from 2020 to 2032. Spherical Insights has segmented the Global Volumetric Display Market based on the below-mentioned segments:
Global Volumetric Display Market, By Display
- Static volume
Global Volumetric Display Market, By End User
- Aerospace & defence
Global Volumetric Display Market, By Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- South America
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
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