The volumetric display market involves the generation of visual representations of objects in three physical dimensions, as opposed to the planar images of traditional screens. Volumetric displays represent 3D objects by emitting light within a confined volume, allowing viewers to see an object from various perspectives as they move. Key advantages of volumetric displays include their ability to generate true 3D imagery without glasses or head-tracking gear. With no need for glasses, a volumetric display allows multiple viewers to see a 3D image from their own perspective simultaneously. This makes volumetric displays well-suited for advertising, medical visualization, scientific visualization, and gaming.
The global volumetric display market is estimated to be valued at US$ 360.3 million in 2024 and is expected to exhibit a CAGR of 24% over the forecast period from 2024 to 2031.
Rapid growth is expected due to rising demand for 3D displays in various industries such as healthcare, defense, and consumer electronics. Interactive displays are increasingly being utilized for medical training and education, while also enabling enhanced visualization of complex anatomical structures. Volumetric displays further allow doctors to interact with volumetric projections of scans, providing multiple viewing angles for more accurate diagnosis and treatment planning.
Key Takeaways
Key players operating in The Volumetric Display Market include Coretec Group Inc., Lightspace Labs, Voxon Photonics, Holografika kft., Holoxica Ltd, Leia Inc., SEEKWAY, Looking Glass, Burton Inc., and Alioscopy. In recent years, key players have been investing heavily in R&D to develop more advanced and affordable volumetric display technologies. Coretec Group's patented volumetric display technology is the world's first full color and fully volumetric display format.
Growing demand from applications such as medical visualization, infotainment, and the industrial sector is fueling market growth. The ability of volumetric displays to generate interactive and multi-dimensional visualizations without the need for supplemental viewing devices makes them well-suited for complex data visualization. Automotive, oil & gas, and manufacturing companies are leveraging such displays for the design, testing, and servicing of 3D products.
Technological advancements focusing on improving image quality, resolution, and brightness while reducing costs are also supporting the market's expansion. Companies are developing novel display technologies such as point cloud rendering and adaptive multiview volumetric displays with enhanced image fidelity and realism. More sophisticated semiconductor components, lasers and light sources are enabling higher resolution volumetric imagery.
Market Trends
A key trend gaining momentum is the integration of augmented and virtual reality capabilities. By combining volumetric display technologies with AR/VR headsets, companies are developing novel mixed reality systems allowing users to see and interact with high-fidelity 3D holograms. Some examples include merged reality displays and holographic smart glasses.
Another major trend is the growing miniaturization of volumetric display modules. Considerable research is underway to develop ultra-compact volumetric pixels (Voxels) and display engines. Miniaturized volumetric displays offer potential for use in AR headsets, smartphones, and other mobile devices where size, weight and power constraints apply. Wearables and embedded displays will expand the market potential over the coming years.
Market Opportunities
One of the key opportunities lies in further application development for medical and scientific research. Advanced volumetric systems can prove transformative for areas such as cancer screening, surgical planning and remote medical diagnostics. Integrating displays with other imaging modalities opens up new avenues.
Gaming and entertainment remain a largely untapped domain for volumetric displays. Immersive gaming and cinema experiences without viewing accessories could see huge demand from consumers. Strong partnerships between volumetric firms and entertainment companies are expected to drive innovative applications and help gain wider acceptance.
Impact of COVID-19 on Volumetric Display Market Growth
The COVID-19 pandemic severely impacted the volumetric display market growth in 2020 due to disruptions caused in manufacturing and supply chain activities of volumetric displays around the globe. Government imposed lockdowns and social distancing measures also negatively affected the demand for volumetric displays from various end-use industries such as aerospace & defense, automotive, healthcare, and advertising.
Pre-COVID, the market was witnessing exponential growth due to increasing applications of 3D displays in medical imaging, scientific visualization and advertising. However, postponing of various non-essential capital projects, decline in consumer spending and discretionary budgets hit the market growth hard in 2020.
Post-COVID, the market is expected to get back on growth trajectory driven by rising focus on advanced medical imaging solutions for improved diagnostics. Rising demand for 3D/VR/AR training modules from aerospace & defense sector will also boost prospects. Fast track approvals for COVID-19 vaccine and therapeutics will further aid recovery. Development of advanced lightweight and portable volumetric displays for in-field applications can open new avenues.
Future strategies by players in this market include development of cost-effective high resolution volumetric displays, eye-tracking capabilities, integration of AI/VR, and cloud-based volumetric video platforms. Partnerships with healthcare organizations and technology companies will accelerate commercialization of volumetric displays for medical and industrial applications.
Geographical Regions with Highest Volumetric Display Market Value
North America currently holds the highest market share in terms of value for volumetric display market, with the U.S. and Canada being the major revenue generators. This is attributable to increasing R&D investments by government and private organizations in advanced display technologies. Presence of prominent market players and adoption of 3D displays in verticals like healthcare, defense and advertising has boosted the regional market growth.
Asia Pacific region is poised to witness the highest growth during the forecast period, rising at a CAGR of over 27%. China, Japan, South Korea and India offer massive untapped opportunities owing to evolving healthcare infrastructure, government funding for 3D display innovations and growing urban population. Increasing digital conversions of workplaces and adoption of advanced imaging solutions also support the regional market expansion.
Get More Insights On Volumetric Display Market
Volumetric Display Market 2021-2023New Study Reports " Volumetric Display Market 2021 Global Market Opportunities, Challenges, Strategies and Forecasts 2023" has been Added on MarketResearchFuture.Introduction/Report Summary:This report provides in depth study of Volumetric Display Market using SWOT analysis i.e.
In addition to it, various growth factors, restraints, and opportunities are also analyzed for the market to study the in-depth understanding of the market.This report also analyzes the impact of Coronavirus COVID-19 on the Volumetric Display industry.The global volumetric display market is spanned across Americas, Europe, Asia Pacific, and Rest of world.
The requirement of large bandwidth which can makes use in the production of complex products are hampers the volumetric display market growth as it increases the cost of the end products.The North American region is experiencing a higher demand due to proliferation the use of volumetric display in medical and consumer electronics which is driving the volumetric display market growth.
These major players are investing in manufacturing of volumetric display and providing solution across the world.The global volumetric display market is expected to reach USD ~ 747 million at a CAGR of over 34% by the end of the forecast period.Taste the market data and market information presented through more than 30 market data tables and figures spread over 100 numbers of pages of the project report.
Avail the in-depth table of content TOC & market synopsis on “The Global Volumetric display Market Research Report -Forecast to 2023”.Key PlayersThe report has profiled some of the Important players prevalent in the global like – 3DIcon Corporation (U.S.), LightSpace Technologies Inc. (U.S.), Voxon (U.S.), Holografika Kft.
(Hungary), Zebra Imaging (U.S.), Holoxica (U.K.), Burton Inc. (Japan), LEIA Inc. (U.S.), Seekway Technologies (China), Alioscopy (France), Actuality Systems, Inc.(U.S), Soscho GmbH (Germany), Burton Inc. (Japan) among others.Complete Report Details@ https://www.marketresearchfuture.com/reports/volumetric-display-market-5042Global Volumetric display Market SegmentationThe global volumetric display market is segmented into display type, components, technology, application, end-users, and region.
Global Volumetric Display Market was valued at US$ 163.3Mn in 2019 and is expected to reach US$ 1783.1Mn by 2027, at a CAGR of 34.8% during a forecast period.The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters.
Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments.
The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
This makes 3-D displaying possible on tablets, mobile phones, laptops etc.
Similarly, optoelectronics is required for high-resolution imagery.Advancement of volumetric displays in surgery and telemedicine is expected to create ample opportunities in the volumetric displays market globally.
Reliability and accuracy are dynamic characteristics of any mechanical system and with the advancement of machines proficient in accurate movements, the integration of machine and medicine is feasible.Based on application, the Medical sector is dominating the global market for volumetric display.
