Global Volumetric Display Market, By Display Type (Static-Volume Display, Swept-Volume Display), End Use (Medical, Aerospace and Defense, Automotive, Media, Communication and Entertainment, Education and Training, Others) – Industry Trends and Forecast to 2029
Market Analysis and Size
Today, numerous displays are widely being used in various sectors such as entertainment, corporate, transport, retail, hospitality, education, and healthcare, among others. These allow organizations in engaging with a broader audience. They also help in creating a centralized network for digital communications.
Global Volumetric Display Market was valued at USD 238.85 million in 2021 and is expected to reach USD 2208.19 million by 2029, registering a CAGR of 32.05% during the forecast period of 2022-2029. Medical accounts for the largest end use segment in the respective market owing to its significant use during surgeries. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
Market Definition
A volumetric display is a graphic display device that creates a three-dimensional visual depiction of an item, as opposed to a flat image on typical screens that simulates depth using a variety of visual effects.360-degree viewing, agreement of converge and accommodation cues, and their inherent 3D format enable novel user interface techniques are all features of volumetric displays.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Display Type (Static-Volume Display, Swept-Volume Display), End Use (Medical, Aerospace and Defense, Automotive, Media, Communication and Entertainment, Education and Training, Others)
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Countries Covered
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U.S., Canada, and Mexico in North America, Brazil, Argentina, and the rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, rest of the Middle East and Africa (MEA) as a part of the Middle East and Africa (MEA)
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Market Players Covered
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3dicon Corp. (US), Holografika KFT (Hungary), Lightspace Technologies. (US), Holoxica Limited (UK), Zebra Imaging (US), Voxon (Australia), Burton Inc. (Japan), Jiangmen Seekway Technology Ltd. (China), Leia Inc (China), Alioscopy (France), Soscho GmbH (Germany), among others
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Market Opportunities
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Volumetric Display Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
- Constant technological advancements
Consumer electronics has improved the display experience for users through continuous advancements. This introduces a system that allows for a 3-D virtual depiction of an object in 360 degrees on a screen which will further accelerate the market.
- Rise in the in telecommunication
The global volumetric display market is growing as smartphone sales continue to rise year after year in both emerging and developed countries, owing to the fact that young adults and adults alike spend a considerable portion of their day online, their gaze fixed on their smartphone screens.
- Rise in the research and development expenditure
With technologies like digital light processing and liquid crystal on silicon, volumetric displays are becoming more powerful and accessible as important industry participants raise their research and development spending which further influences the market.
Opportunities
Furthermore, possible implementation of volumetric displays in telemedicine and surgery extend profitable opportunities to the market players in the forecast period of 2022 to 2029.
Restraints/Challenges
On the other hand, demand for advanced software and electronic components are expected to obstruct market growth. Also, rise in the cost of the end products is projected to challenge the volumetric display market in the forecast period of 2022-2029.
This volumetric display market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on volumetric display market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Volumetric Display Market
The COVID-19 has impacted volumetric display market. The pandemic of COVID-19 has a significant impact on the global display industry. As a result of the supply disruptions, manufacturers have halted operations, resulting in sluggish production. Due to lower consumer spending and trade restrictions that limited the supply of raw materials, demand for volumetric displays declined considerably compared to previous years. The market will struggle to regain the growth levels in post COVID-19 because of the ambiguity regarding the subsequent waves of COVID-19.
Recent Developments
- In February 2020, Microsoft's Mixed Reality Capture Studios for volumetric capture codec was integrated by Voxon Photonics Pty Ltd. The user would be able to alter the perspective at any time thanks to the AR capabilities provided by the partnership.
Global Volumetric Display Market Scope and Market Size
The volumetric display market is segmented on the basis of display type and end use. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Display Type
- Static-Volume Display
- Swept-Volume Display
End Use
- Medical
- Aerospace and Defense
- Automotive
- Media
- Communication and Entertainment
- Education and Training
- Others
Volumetric Display Market Regional Analysis/Insights
The volumetric display market is analysed and market size insights and trends are provided by country, display type and end use as referenced above.
The countries covered in the volumetric display market report are U.S., Canada, and Mexico in North America, Brazil, Argentina, and the rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, rest of the Middle East and Africa (MEA) as a part of the Middle East and Africa (MEA).
North America dominates the volumetric display market because of the quick penetration of 3D volumetric displays in the oil and gas industry for the visualization of 3D fluid flow in the real-time and the increase in the defense expenditure to deploy innovative technologies for military simulation and training applications within the region.
Asia-Pacific is expected to witness significant growth during the forecast period of 2022 to 2029 because of the change in the consumer preferences toward high-tech gaming in several countries and rise in the consumer electronics industry owing to the significant Foreign Direct Investments (FDI) in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Volumetric Display Market Share Analysis
The volumetric display market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to volumetric display market.
Some of the major players operating in the volumetric display market are
- 3dicon Corp. (US)
- Holografika KFT (Hungary)
- Lightspace Technologies. (US)
- Holoxica Limited (UK)
- Zebra Imaging (US)
- Voxon (Australia)
- Burton Inc. (Japan)
- Jiangmen Seekway Technology Ltd. (China)
- Leia Inc (China)
- Alioscopy (France)
- Soscho GmbH (Germany)
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