USD 540 million
Volumetric Display Market Size, Share, Growth Analysis, By Display type(Static-volume display, and swept-volume display), By Industry(Automotive, medical, gaming & entertainment, oil & gas), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG45J2074 |
Region:
Global |
Published Date: July, 2024
Pages:
211
|Tables:
64
|Figures:
75
Volumetric Display Market Insights
Volumetric Display Market size was valued at USD 540 million in 2019 and is poised to grow from USD 690 million in 2023 to USD 1817 million by 2031, growing at a CAGR of 28.35% in the forecast period (2024-2031).
Volumetric display is a device for representing graphical information of three-dimensional objects. Volumetric displays feature 360-degree spherical viewing angle, agreement of converge and accommodation cues, and their inherent 3D format that facilitates new user interface techniques. It needs no glasses or head devices since it can be projected over a glass dome.
The growing need for full body hologram may boost the market over the forecast period. Laser, optics, and electronics development creates penetration of volumetric displays that offers viewers to look at different perspectives of the image at the same time with no need for any special eyewear equipment. The COVID-19 pandemic adversely affected the display industry worldwide because of the supply chain disruptions, suspended manufacturing operations, which led the production very low.
US Volumetric Display Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
static-volume
Fastest Growth
static-volume
Growth Rate
28.35% CAGR
Global Volumetric Display Market ($ Mn)
Country Share for North America Region (%)
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Volumetric Display Market Segmental Analysis
Global volumetric display market is segmented based on the display type, industry, and region. Based on display type, the market is segmented into static-volume display, and swept-volume display. Based on industry, the market is segmented into automotive, medical, gaming & entertainment, oil & gas, and others. Based on region, it is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.
Volumetric Display Market Analysis by Display Type
Based on the display type, the volumetric display market has been segmented into static-volume, and swept-volume. The static-volume segment is anticipated to hold a significant growth ratio over the given forecast period. Static volumetric displays are highly preferred among customers owing to its easy availability in various types.
The swept volume segment is expected to exhibit a CAGR of 26% from 2022 to 2028 because of the significant focus on developing advanced swept volume displays by major market players. The swept-volume technology can support the multi-user interaction for gaming and many other applications like video calling.
Volumetric Display Market Analysis by Industry
Based on industry, the volumetric display market is segmented into automotive, medical, gaming & entertainment, oil & gas, and others. Among others, the medical segment is expected to grow at the highest CAGR during the projection period. These got momentum in the field of medical imaging applications due its usage during surgeries. In addition, it can create a unique hyper-realistic experience to visualize medical images during surgeries.
With the rise of 5G technology, the media, communication, and entertainment industry may witness remarkable growth in the near future due to the significant demand for the product for video calling and virtual meeting purposes. Furthermore, the increasing penetration of high graphics gaming technologies among millennials is also anticipated to favour segment growth.
Global Volumetric Display Market By Type
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Volumetric Display Market Regional Insights
North America is anticipated to register a CAGR of 41% over the forecast period. The increasing use of 3D volumetric displays in the oil and gas industry to visualize 3D fluid flow in real-time influencing the market growth. Moreover, the adoption rate of new technologies like autostereoscopic display in healthcare is favouring the growth of volumetric display in terms of medical imaging applications. In addition, in order to the defense expenditure the United States is focussing on deploying advanced technologies for military simulation and training applications is estimated to support the regional market during the aforementioned forecast period.
Asia Pacific region is estimated to gain substantial growth in the global market owing to the changing consumer preferences towards high-tech gaming in various countries including China, Japan, and Australia. Furthermore, rapidly growing consumer electronics industry because of Foreign Direct Investments (FDI) in the region is further predicted to increase the growth rate of volumetric displays. China and Japan are however, estimated to hold a significant market share with respect to mass manufacturing facilities and low cost of production.
The display of volumetric in Europe may also grow due to the expansion of gaming & entertainment industry in the region; and it is noted that the U.K., and Germany may lead the market in the region during the forecasting year.
Global Volumetric Display Market By Region
- Largest
- Fastest
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Volumetric Display Market Dynamics
Volumetric Display Market Driver
- Gaming experience got tremendous traction among the enthusiasts across the globe. The volumetric display can rotate 360° for enhanced 3D gaming experience without any device on the gamer’s body, and thus, it is benefitting the growth of market. The increasing consumer demand on the product, and heavy investments by key market players in manufacturing are anticipated to exhibit the market growth.
Volumetric Display Market Restraint
- The volumetric display includes motor, projector, sensors, and laser systems. The high cost associated with the product may inhibit the market growth over the forecast period. Moreover, it depends on rotating parts or scanning mechanisms, which create limitations for manufacturers to produce large-screen. The manufacturing cost resulted in an increase in the overall cost of the product.
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Volumetric Display Market Competitive Landscape
Global volumetric display market is highly competitive and somewhat fragmented. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D.
Volumetric Display Market Top Player's Company Profiles
- Voxon Photonics
- LightSpace Technologies Inc.
- Holoxica Limited
- Leia Inc.
- Holografika Kft.
- Zebra Imaging
- Burton Inc.
- Geola Digital UAB
- Raytrix GmbH
- 3DIcon Corporation
- HoloTech Switzerland AG
- Jiangmen Seekway Technology Ltd.
- FoVI 3D
- Ovizio Imaging Systems
- Infinite Z, Inc.
- RealView Imaging Ltd.
- SeeReal Technologies GmbH
- Looking Glass Factory, Inc.
- Alioscopy
- Light Field Lab Inc.
Volumetric Display Market Recent Developments
- In July 2022, SEGA announced the releasing of Judgment and Lost Judgment on PC with AMD FSR 1.0 & 2.0 support. The Judgment and Lost Judgment PC ports have good graphics settings, like texture filtering, shadow quality, geometry quality, real-time reflections, motion blur, screen space ambient occlusion, volumetric fog, and depth of field. It can be manually tweaked the render scale resolution below 100%, but it is not recommended doing that as both AMD FSR 1.0 and FSR 2.0 are supported with their own sharpness sliders.
Volumetric Display Key Market Trends
- Changing preference from traditional 3D displays to volumetric 3D displays among consumers is one of the trends, and is because of the inherent features of the volumetric 3D display, such as visualization of holographic aerial images in free space, 360° spherical viewing angle, autostereoscopic capabilities, and motion-based depth cues. It can give improved resolution, improved user viewing experience through a number of visual effects, and also a real-time 3D experience.
Volumetric Display Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global volumetric display market analysis, the increased innovations and also improvements in technologies for enhancing resolutions and features in third dimension display technologies will be responsible to drive the market growth during the forecast period (2022 – 2028). Military and defense, healthcare, media and entertainment, increased the adoption of volumetric display in many applications including patient surgery, research and development, and media marketing will also propel the growth.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 540 million |
| Market size value in 2031 | USD 1817 million |
| Growth Rate | 28.35% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Million |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
| Historical Year | 2019 |
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Volumetric Display Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Volumetric Display Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Volumetric Display Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Volumetric Display Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Volumetric Display Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Volumetric Display Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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