USD 245.20 billion
Report ID:
SQMIG45J2074 |
Region:
Global |
Published Date: December, 2024
Pages:
211
|Tables:
64
|Figures:
75
Volumetric Display Market size was valued at USD 319.74 Billion in 2023 and is poised to grow from USD 416.94 Billion in 2024 to USD 3485.75 Billion by 2032, growing at a CAGR of 30.40% during the forecast period (2025-2032).
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.
Global Market Size
USD 245.20 billion
Largest Segment
static-volume
Fastest Growth
static-volume
Growth Rate
30.40% CAGR
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Global Volumetric Display Market is segmented by Display Type, End Use, and region. Based on Display Type, the market is segmented into Swept Volume, and Static Volume. Based on End Use, the market is segmented into Medical, Aerospace & Defense, Automotive, Media, Communication, & Entertainment, Education & Training, and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
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.
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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.
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Volumetric Display Market Driver
Volumetric Display Market Restraint
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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
Volumetric Display Market Recent Developments
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 2022 | USD 245.20 billion |
Market size value in 2031 | USD 2673.12 billion |
Growth Rate | 30.40% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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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 |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
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.
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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Report ID: SQMIG45J2074
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