The global volumetric display market is quadrupling mainly due to the broad uptake of the display in the burgeoning industries, including automotive, healthcare, and aerospace, among others. Volumetric displays are also extensively used in the gaming & entertainment sector. The impressive growth in the gaming industry is providing thrust to the market on the global platform by creating a huge demand.
According to Market Research Future (MRFR), the global Volumetric Display Market would reach to a valuation of USD 747 MN by 2023, posting a whopping CAGR of 34 % throughout the assessment period (2017 – 2023).
Further, the recently shifted focus of the volumetric display industry towards the energy-related sectors such as oil & gas, distributed energy, renewable energy, and power generation would, in turn, enable the market to create a significant revenue pocket over the assessment period, revolutionizing these sectors.
Volumetric displays are used in the healthcare sector, for medical imaging applications such as X-ray, CT scan, and MRI scan, among others. The integration of 3D technologies with 360-degree spherical viewing angle is influencing the growth of volumetric display market.
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Also, the increasing uptake of these displays in the production of consumer electronics, such as 3D display on phones, laptops, tablets, and others alongside, the proliferation of smartphones & wearable devices fuels the market growth. The integration of LCD and LED technology in the volumetric display is contributing to the growth of the market.
Conversely, the high cost of the volumetric display is impeding the growth of the market. Nevertheless, technological advancements would support market growth, presenting cost-effective manufacturing techniques that would bring down the prices of volumetric displays.
Players leading the volumetric display market include LightSpace Technologies Inc. (US), Voxon (US), 3D Icon Corporation (US), Holografika Kft. (Hungary), Burton Inc. (Japan), Holoxica (UK), Seekway Technologies (China), Alioscopy (France), LEIA Inc. (US), Soscho GmbH (Germany), Burton Inc. (Japan), Actuality Systems, Inc. (US), and Zebra Imaging (US), among others.
Global Volumetric Display Market – Segmentations
The report segments the market into five key dynamics to widen the scope of understanding,
By Display Type: Static Volume Display, Multi-Planar Volumetric, and Swept Volume Display, among others.
By Components: Memory, Lens, and Screen, among others.
By Applications: Production & Management, Design & Prototyping, Marketing, Data Visualization, and Training, among others.
By End-users: Military & Defense, Education, Healthcare, Automotive Industry, Aerospace, and Gaming & Entertainment, among others.
By Regions: Asia Pacific, North America, Europe, and the Rest-of-the-World.
Volumetric Display Market Geographical Analysis
North America dominates the global volumetric display market. Factors positively impacting the growth of the regional market include increasing investments transpired into the development of technology and product. Besides, the presence of noteworthy market players with the ability to develop cutting-edge display technologies alongside, the increasing uptake of these displays in the healthcare sector drives the growth in the regional market. Continuing with the same growth opportunities, the region would retain its dominance throughout the review period.
The volumetric display market in the European region takes the second lead, globally. The augmenting demand for volumetric display from some of the burgeoning industries such as defense, healthcare, aerospace, and automotive, among others fosters the growth of the regional market. Indeed, the resurging economy in Europe is contributing to the growth of the market, supporting the proliferation of healthcare sector.
The Asia Pacific volumetric display market is emerging as a promising market globally. Owing to the rapid urbanization and expanding manufacturing sector led by the improving economy in the region, the APAC volumetric display market would witness a healthy growth in the years to come. Furthermore, the extensive uptake of volumetric displays in some of the proliferating industries such as healthcare, automotive, and defense fosters the growth in the regional market.
Global Volumetric Display Market – Competitive Landscape
Fiercely competitive, the volumetric display market appears fragmented owing to the presence of various dynamic and diversified international players. These players innovate continually and seek market expansion through strategic initiatives such as M&A, collaboration, expansion, and product launch.
They also increasingly invest in R&D activities to develop a portfolio of cost-competitive solutions. To improve their market performance, they acquire promising companies in rapidly growing markets. Immense revenue generation opportunities demonstrated b this market increasingly attract many new entrants.
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Industry/ Innovation/ Related News
March 13, 2019 — Cable Television Laboratories, Inc. (CableLab – the US), a not-for-profit innovation and R&D lab announced that its key area of focus is apps & use-cases that will require speeds of 10 Gbit/s or more. One of the company’s areas of interest is volumetric, light field display and video & images. For example, connecting two 60-inch light fields, volumetric displays for an advanced video conferencing application between two people would need 800 Mbit/s to 900 Mbit/s of sustained speed.
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