Volumetric Display Market Research Report - Forecast To 2027

Volumetric Display Market Research Report, By Display Type (Multi-Planar Volumetric), Components (Lens, Memory), Applications (Marketing, Data Visualization), End-Users (Education, Healthcare, Aerospace)- Forecast Till 2027

ID: MRFR/SEM/3607-HCR | 100 Pages | Published By Shubham Munde on March 2023         

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Volumetric Display Market Size and Overview:

Globally, the size of Volumetric Display Device Market is set to grow at a CAGR of 34%, estimated to reach USD 747 million during the forecasting period driven by the market growth will snowball in the forecasting periods due to its wide range of acceptance in multiple industries including the health care and entertainment sectors.

Technological advancements and an increase in the demands of 3D displays are the major key factors that lead to developing the 3D Volumetric Display Device Market in the forthcoming years. Another essential developing factor is the increasing requirements for the 3D displays in the health care sectors for building in medical devices for imaging. All these leading factors are responsible for the evaluation of the global market during the forecast period.

However, the market has to face some declining factors as well. The need for specialized software and electronic components, and the high manufacturing costs can hinder the market growth. These factors may harm the Global Volumetric Display Market development.   

COVID 19 Analysis:

Due to the covid 19 pandemics, several industries were impacted and faced declines. The DIY Volumetric Display Device Market was one of the impacted industries experiencing downfalls. The market's distribution and supply chain systems have been harmed due to the pandemic's slowed flow of raw materials and finished goods. As a result, the cost and maintenance of volumetric displays are prohibitively high, limiting their global market expansion.The Volumetric Display Market Size is highly competitive due to a large number of active and diverse multinational competitors in the market. As a result of the severe rivalry, the expansion of the volumetric display market is being held back even further, especially in light of the covid 19 pandemics. Thus, the governments of various nations have made significant steps to assist organizations in overcome the losses suffered during the crisis.

Market Dynamics:

The Volumetric Display Market dynamics consist of the major key factors that are responsible for market growth and downfall in the forthcoming years. The key factors involved are drivers, restraints, opportunities, challenges, and cumulative growth analysis.Drivers:The main effective drivers of the Volumetric Display Industry are 3D technologies along with 360-degree spherical viewing angles. These are frequently utilized in consumer electronics manufactures, such as 3-D displays on phones, laptops, tablets, and other consumer electronic devices. Real-time visualization of 3-D fluid flow, as well as security applications, are driving the expansion of the volumetric display industry, which is likely to accelerate the growth in the forecasting years.

The introduction of LED and LCD technology is helping the global Volumetric Display Market to grow rapidly. These technologies are found in a variety of consumer electronics devices, including smartphones, monitors, notebook computers, televisions, and more. Better performances of the major key players that are involved in the production of volumetric display products and services will also boost the international market.

Opportunities:The major opportunities in the Volumetric Display Device Market are the increasing need for volumetric display technology in the defense sector of the developed countries.  Defense budgets in these developed countries have also increased significantly. Other opportunities are the increasing trends of better gaming experiences that have increased purchasing of 3D gaming devices all over the world.

3D gaming is available in a 360° view on volumetric displays. Rising research and development, as well as advancements in volumetric displays in surgery and telemedicine, will also open up new opportunities in the forecasting years. All these factors will lead to an utmost opportunity for industries dealing in volumetric products and services.

Restraints:With all the driving factors and opportunities in the market, the restraining factors also appear in the global market. The prime restraining factor is the increasing requirements of electronic components and advanced software in the market. The increasing needs lead to increase Volumetric Display Market Demand. However, the huge cost involved in manufacturing leads to a decline in the market’s growth eventually. Also, this increases an uneven gap in the demand-supply ratio that to hinders the market growth.

Challenges:Due to the covid 19 pandemics and sudden announcements of lockdowns in almost every nation, the demands for electronic components and advanced software increased. Huge demands and involvement of high costs were the most challenging factors in the Volumetric Display Market GrowthThe manufacturers had to maintain the supplies as per the demands of the products. However, the huge manufacturing costs were acting as the major challenge to overcome during the forecasting years.

Cumulative Growth Analysis:As per the Volumetric Display Market Statistics, the global market is expected to rise at a compound annual growth rate of 34% over the forecasting period. This increase in the international market will raise the market value to 747 million US dollars. Worldwide adoption of this technology across a variety of industries, including health care and entertainment leads to rising market growth over the projected period.

Value Chain Analysis:The Volumetric Display Market Analysis depicts that there will be an increase in the international market during the forecasting years. Technological advancements and a wide range of acceptance of volumetric 3D display technologies will tend to accelerate the market growth. Also, increasing demands for consumer electronics over the forecasting years will boost the international Volumetric Display Market Share.

Volumetric Display Market Segment Overview:

According to the Volumetric Display Market Facts, the international volumetric display market is segmented into some classifications. The classifications are display type, components, applications, end-users, and technology.By Display Type:

  • Swept Volume Display

  • Multi-planar Volumetric Display

  • Static Volume Display

By Components:

  • Lens

  • Memory

  • Screen

By Applications:

  • Marketing

  • Design and Prototyping

  • Production and Management

  • Data Visualization

By End-users:

  • Healthcare

  • Education

  • Aerospace

  • Entertainment

  • Media and Communication

  • Automotive

  • Military and Defense

By Technology:

  • Digital Light Processing (DLP)

  • Liquid Crystal on Silicon Technology (LCOS)

Volumetric Display Market Regional Analysis:

The Volumetric Display Market Experts have studied a regional analysis of the global market in some regions. The regions are Asia Pacific, Europe, North America, and the Rest of the World. Considering the market shares, North America stands as the most dominating regional distribution in the global market. Because of the technological advancements and recent trends adopting volumetric display devices, the region has a high demand for the products.This increasing demand leads North America to dominate the largest market share. Due to increased foreign direct investments and a quickly developing consumer electronics sector, the Asia Pacific area is predicted to grow at a rapid rate. Furthermore, due to mass manufacturing facilities and low production costs, nations such as China and Japan are expected to grab a considerable market share.

Volumetric Display Market Competitive Landscape:

According to the Volumetric Display Market Reportthe rise in the needs and demands of the volumetric display market devices has made this market highly competitive. Significant market key players are using their innovative techniques and R&D activities to survive and grow in the highly competitive market. The essential market key players in this report are as follows:

Recent Developments:

  • December 2018: With the support of the European Investment Bank (EIB), SIA Lightspace, an AS HansaMatrix affiliated company, will receive USD 5.5 million in financing from AS HansaMatrix for the acquisition of technological equipment, research, and development of Lightspace real-time volumetric 3D image display technology, and further development of the fabrication and industrialization process of key-electronic components.

  • January 2018: Researchers from Rochester University built a little butterfly that appears to be dancing over a finger and can be viewed from any angle.

Report Overview:

The Volumetric Display Market Forecastreport states all the effective market dynamics that increase the market growth globally. This essential report covers all the qualitative and quantitative Volumetric Display Market Facts. Also, this report holds all the essential information such as market segmentation, value chain analysis, regional distributions, and the recent developments in the global market. All the resources provided in this research report are collected from genuine primary and secondary sources.Report Details:

  • Historic Period: 2017-2021

  • Base Year: 2021

  • Forecast Period: 2021-2023

Geographical Distributions:

  • North America

  • Europe

  • Asia Pacific

  • Rest of the World

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Frequently Asked Questions (FAQ) :

The global volumetric display market is expected to balloon to a size of USD 747 million by 2023.

The global volumetric display market is expected to expand at a CAGR of 34% during the forecast period (2017-2023).

Seekway Technologies, Soscho GmbH, Voxon, Zebra Imaging, LEIA Inc., Actuality Systems, Inc., Holoxica, Alioscopy, Holografika Kft., LightSpace Technologies Inc., Burton Inc., and 3DIcon Corporation are key players of the global volumetric display market.

North America can dominate the global volumetric display market till 2023.

The augmentation of 3D images in the real world is the major driver of the global volumetric display market.