Global Volumetric Display Market

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.

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FAQs

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 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. '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.'

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.

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.

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.

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Global Volumetric Display Market

Report ID: SQMIG45J2074

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