Volumetric Display Market

Market Overview:

The global volumetric display market size reached US$ 294.0 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 1177.7 Million by 2028, exhibiting a growth rate (CAGR) of 23.7% during 2023-2028. The increasing demand for 3D displays, the rising product demand in medical devices for imaging purposes, and rapid technological advancements are key factors driving the market.

A volumetric display is a type of 3D display technology that creates a three-dimensional image by projecting light into a specific space area and creating the illusion of a solid object. Unlike traditional 3D displays that use flat screens to project images, volumetric displays allow viewers to see objects from all angles, making them more realistic and immersive. It works by using either laser or LED light sources to create points of light, which are then controlled by a computer to create a 3D image. The points of light are arranged to create the illusion of a solid object, and by rapidly updating the image, the display can create the illusion of movement. Several volumetric displays are available in the market, including static, swept-volume, and holographic displays. Static volume displays use a fixed number of points of light to create a 3D image, while swept-volume displays use a laser that rapidly scans a volume of space to create an image. Holographic displays use interference patterns to create a 3D image, similar to how holograms are created. Volumetric displays have many potential applications, including medical imaging, engineering design, and entertainment. They are widely used for virtual and augmented reality applications, providing a more immersive experience than traditional 3D displays.

Volumetric Display Market Trends:

Increasing demand for 3D visualization in various industries, such as healthcare, entertainment, and engineering, is significantly contributing to the market growth. In line with this, the rising demand for immersive virtual and augmented reality experiences is positively influencing the market. The rapid adoption of advanced technologies, such as artificial intelligence and machine learning that require advanced visualizations, is creating a positive outlook for the market. Furthermore, the growing need for improved accuracy and precision in medical imaging and surgical procedures is catalyzing the market. Continual advancements in display technology, including higher resolution and brightness, make volumetric displays more efficient and feasible. The widespread usage of volumetric displays in the automotive industry for virtual prototyping and design is favoring the market. Apart from this, the escalating demand for interactive and engaging advertising and marketing campaigns is propelling the market. Moreover, the emerging trend of remote work and virtual meetings is leading to a need for more advanced visualization tools, which is strengthening the product demand. Besides, the growth of the gaming industry and the high demand for more immersive gaming experiences is bolstering the market expansion. Additionally, the increasing requirement for more efficient and effective training tools in industries, such as aviation and the military, is offering numerous opportunities for the market.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the global volumetric display market report, along with forecasts at the global, regional, and country levels for 2023-2028. Our report has categorized the market based on component, display type, technology, and end-use industry.

Component Insights:

• Projector
• Motor and Position Sensor
• Others
   

The report has provided a detailed breakup and analysis of the volumetric display market based on the component type. This includes projector, motor and position sensor, and others.

Display Type Insights:

• Swept Volume
• Static Volume
• Others
   

A detailed breakup and analysis of the volumetric display market based on the display type have also been provided in the report. This includes swept volume, static volume, and others. According to the report, static volume display accounted for the largest market share. 

Technology Insights:

• Digital Light Processing (DLP)
• Liquid Crystal on Silicon (LCOS)
   

The report has provided a detailed breakup and analysis of the volumetric display market based on the technology. This includes Digital Light Processing (DLP) and Liquid Crystal on Silicon (LCOS).

End Use Industry Insights:

• Healthcare
• Academies and Education
• Aerospace and Defense
• Automotive
• Gaming and Entertainment
• Others
   

A detailed breakup and analysis of the volumetric display market based on the end use industry have also been provided in the report. This includes healthcare, academies and education, aerospace and defense, automotive, gaming and entertainment, and others. According to the report, healthcare represented the largest segment.

Regional Insights:

• North America 
  • United States
  • Canada
• Europe 
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Others
• Asia Pacific 
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Latin America 
  • Brazil
  • Mexico
  • Others
• Middle East and Africa
   

The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, North America was the largest market for volumetric display. Some of the factors driving the North America volumetric display market included continual technological advancements, augmenting demand for 3D displays, the rising product demand in medical devices for imaging purposes, etc.

Competitive Landscape: 

The report has also provided a comprehensive analysis of the competitive landscape in the global volumetric display market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the companies covered include Holoxica Ltd., Voxon Photonics, etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.

Volumetric Display Market Report Scope:

Key Questions Answered in This Report: 

• How has the global volumetric display market performed so far, and how will it perform in the coming years?
• What are the drivers, restraints, and opportunities in the global volumetric display market?
• What is the impact of each driver, restraint, and opportunity on the global volumetric display market?
• What are the key regional markets?
• Which countries represent the most attractive volumetric display market?
• What is the breakup of the market based on the component?
• Which is the most attractive component in the volumetric display market?
• What is the breakup of the market based on the display type?
• Which is the most attractive display in the volumetric display type market?
• What is the breakup of the market based on technology?
• Which is the most attractive technology in the volumetric display market?
• What is the breakup of the market based on end use industry?
• Which is the most attractive end use industry in the volumetric display market?
• What is the competitive structure of the global volumetric display market?
• Who are the key players/companies in the global volumetric display market?

Key Benefits for Stakeholders:

• IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the volumetric display market from 2017-2028.
• The research study provides the latest information on the market drivers, challenges, and opportunities in the global volumetric display market.
• The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.
• Porter's five forces analysis assists stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the volumetric display industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.