Volumetric Display Market

Global Volumetric Display Market Research Report Global Industry Analysis, Size, Share, Growth, Trends, Regional Analysis, Competitor Analysis and Forecast 2024-2032: By Display Type (Swept Volume and Static Volume), By End Use (Medical, Aerospace & Defense, Automotive, Media, Communication, & Entertainment, Education & Training, and Others), and Region (North America, Europe, Asia-Pacific, and Rest of the World)

Electronics & Semiconductor | February 2024 | Report ID: EMR00591 | Pages: 301

The global volumetric display market was valued at USD 1.87 billion in 2023 and is estimated to reach approximately USD 17.90 billion by 2032, at a CAGR of 28.5% from 2024 to 2032.

Innovative three-dimensional visual technologies are introduced by the volumetric display market, transforming user experiences in a variety of industries. Volumetric displays, as opposed to conventional flat screens, show pictures or objects in actual three-dimensional space, giving viewers a sensation of depth and immersion without the need for special glasses. These displays produce holographic-like images by using projection, light scattering, or laser-based processes. The volumetric display industry promises to transform the way information is displayed and consumed, boosting demand for enhanced display solutions in the digital age. Applications range from medical imaging and design prototyping to entertainment and advertising.

 

 

VOLUMETRIC DISPLAY MARKET: REPORT SCOPE & SEGMENTATION

Report Attribute

Details

Estimated Market Value (2023)

1.87 Bn

Projected Market Value (2032)

17.90 Bn

Base Year

2023

Forecast Years

2024 - 2032

Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- By Display Type, By End Use, & Region

Segments Covered

By Display Type, By End Use, & Region

Forecast Units

Value (USD Billion or Million), and Volume (Units)

Quantitative Units

Revenue in USD million/billion and CAGR from 2024 to 2032

Regions Covered

North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and the Rest of World

Countries Covered

U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others

Report Coverage

Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.

Delivery Format

Delivered as an attached PDF and Excel through email, according to the purchase option.

 

Global Volumetric Display Dynamics

Rapid technology breakthroughs, rising demand for immersive user experiences, and expanding applications across a variety of sectors define the volumetric display industry. The increasing use of virtual and augmented reality solutions, increased R&D spending, and the introduction of new display technology are some of the major motivators. A few other variables that impact market dynamics are the decreasing costs of display components, the growing demands of consumers for interactive visual content, and the incorporation of volumetric displays into wearables and smart gadgets. In addition, the market environment and innovation are greatly influenced by manufacturer competition, regulatory standards, and changing consumer preferences.

 

Global Volumetric Display Drivers

  • Augmented and Virtual Reality Integration

By improving immersion and interaction in digital experiences, the industry is driven by the integration of volumetric displays with augmented and virtual reality technologies. Users can engage with virtual items as if they were real by projecting three-dimensional holographic projections onto physical locations. With this connection, AR and VR applications can do even more, providing users with an immersive and lifelike experience for training, education, gaming, and other industrial uses. Volumetric display technologies have a growing chance of success as the demand for immersive experiences increases.

  • Technological Advancements in Display Technologies

The performance, quality, and usefulness of three-dimensional visual solutions are continuously improved by technological developments in display technologies, which drives the volumetric display market. Realistic and immersive viewing experiences are made possible by innovations including improved color accuracy, better refresh rates, and increasing pixel density. Furthermore, improvements in manufacturing techniques and materials enable volumetric displays to be produced in a more economical and scalable manner, opening up new markets and uses for them. These developments fuel demand and encourage additional field research and development.

 

Restraints:

  • Limited Content Creation and Compatibility

The market for volumetric displays is hampered by the limitations on content generation and interoperability, which make it difficult to offer a variety of captivating visual experiences. The limited availability of technologies and compatible content for producing volumetric imaging hinders the widespread adoption of these displays in a variety of applications. Moreover, content providers face challenges because to the intricacy of transforming pre-existing 2D and 3D content into forms appropriate for volumetric displays. This restriction hinders commercial expansion and prevents the technology from reaching its full potential.

  • High Initial Investment Costs

Potential adopters of these cutting-edge visual solutions are discouraged from engaging in the volumetric display market by the high initial investment prices. Volumetric displays require complex technologies and materials to create and produce, which drives up manufacturing costs. Additionally, the small production scale drives up unit costs even more. Despite the exciting potential of volumetric displays, these large upfront costs provide financial obstacles for companies and organizations, especially smaller ones. This prevents widespread adoption and slows down market growth.

 

Opportunities:

  • Integration with Emerging Technologies

Volumetric displays present a chance to unlock new capabilities and applications through integration with emerging technologies like artificial intelligence (AI) and the Internet of Things (IoT). Delivering tailored and interactive content can improve user engagement and immersion by fusing volumetric displays with AI algorithms. Complex information can be visualized in real time by integrating with IoT devices, which also allows for easy connectivity and data interchange. The possibility for creative solutions in industries such as healthcare, industrial automation, and smart cities is created by this confluence, which propels market expansion.

  • Adoption in Healthcare for Advanced Imaging

The use of volumetric displays for advanced imaging in healthcare presents a huge opportunity since they provide improved visualization capabilities that have the potential to completely transform medical education, diagnosis, and treatment planning. By allowing medical practitioners to see intricate three-dimensional models of patients' anatomy, volumetric displays help improve the precision of surgical diagnoses and treatments. Furthermore, through realistic instructional experiences, these displays improve patient understanding. Volumetric display adoption in healthcare offers a compelling opportunity for innovation and improvement in medical imaging technology, with the potential to improve patient outcomes and expedite operations.

 

Segment Overview

  • By Display Type

Based on display type, the global volumetric display market is divided into swept volume and static volume. The static volume category dominates the market with the largest revenue share in 2023. Three-dimensional images are produced using static volume displays within of a fixed or static volume of space. They produce the appearance of depth without the need of moving elements. Rather, they use different methods like light scattering, projection mapping, or holography to create three-dimensional images in a preset area.  Volumetric scanners, another name for swept volume displays, work by projecting light or other stimuli into a specific area of space. They quickly sweep through a physical volume using mechanical or electrical methods, lighting certain locations to provide the appearance of three-dimensional objects.

  • By End Use

Based on the end use, the global volumetric display market is categorized into medical, aerospace & defense, automotive, media, communication & entertainment, education & training, and others. The medical category leads the global volumetric display market with the largest revenue share in 2023. In medical imaging, volumetric displays are used for surgical planning, medical teaching, and diagnostic imaging, among other uses. Healthcare workers can see intricate anatomical components in three dimensions thanks to these displays, which improves diagnosis and treatment outcomes. Volumetric displays are used in the aerospace and defense sectors for tasks like mission planning, situational awareness, and flight simulation.  In automobile applications, volumetric displays are utilized for driver assistance systems, augmented reality dashboards, and heads-up displays (HUDs). Applications for volumetric displays in media, communication, and entertainment include virtual concerts, holographic advertising, and immersive gaming.

 

Global Volumetric Display Overview by Region

The global volumetric display market is categorized into North America, Europe, Asia-Pacific, and the Rest of the World. North America emerged as the leading region, capturing the largest market share in 2023. Due to the region's advanced technological infrastructure and concentration of significant industry players, innovation and market expansion are fostered. Furthermore, immersive entertainment experiences are in high demand in North America, especially in media, gaming, and advertising industries where volumetric displays are being used more and more. North America's significance in developing and adopting volumetric display technologies is further attributed to encouraging government regulations, active R&D, and a culture of technological innovation, all of which strengthen the region's leadership position in the market.

Throughout the forecast period, Asia-Pacific is anticipated to post a significant CAGR. Numerous causes, such as the fast-paced economic growth, technological breakthroughs, and the growing ubiquity of advanced display technology across a range of industries, are responsible for this prediction. With Asia-Pacific leading the way in innovation and production, particularly in China, Japan, and South Korea, there is great potential for the volumetric display market to grow. The region's high population density, increasing standard of living, and expanding desire for immersive entertainment experiences all contribute to the volumetric display market's predicted growth trajectory in Asia-Pacific.

 

 

Global Volumetric Display Competitive Landscape

In the global volumetric display market, a few major players exert significant market dominance and have established a strong regional presence. These leading companies remain committed to continuous research and development endeavors and actively engage in strategic growth initiatives, including product development, launches, joint ventures, and partnerships. By pursuing these strategies, these companies aim to strengthen their market position, expand their customer base, and capture a substantial share of the market.

Some of the prominent players in the global volumetric display market include,

  • The Coretec Group
  • Lightspace Labs
  • Voxon Photonics
  • Holografikakft
  • Holoxica Ltd
  • Leia Inc.
  • SeeReal Technologies S.A.
  • Looking Glass
  • Alioscopy, and various others.

 

Global Volumetric Display Recent Developments

  • In May 2023, the holographic startup Looking Glass just unveiled Looking Glass Liteforms, its newest offering. This cutting-edge platform transforms the way we engage with digital avatars by bringing talking holographic characters to life. Users can have lifelike interactions with interactive holographic figures using Looking Glass Liteforms, creating new avenues for entertainment and communication.
  • In December 2022, the fourth quarter of LightSpace Technologies, Ltd. and EUROLCDS, Ltd.'s collaborative initiative to create a multi-plane volumetric display screen is now complete. Through creative application of polymer interlayer lamination, this joint endeavor seeks to improve the optical performance of the display technology.

 

Scope of the Global Volumetric Display Report

Volumetric Display Market Report Segmentation

ATTRIBUTE

DETAILS

By Display Type

  • Swept Volume
  • Static Volume

By End Use

  • Medical
  • Aerospace & Defense
  • Automotive
  • Media, Communication, & Entertainment
  • Education & Training
  • Others

By Geography

  • North America (USA, and Canada)
  • Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)
  • Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
  • Latin America (Brazil, Mexico, and Rest of Latin America)
  • Middle East & Africa (South Africa, GCC, and Rest of Middle East & Africa)

Customization Scope

  • Available upon request

Pricing

  • Available upon request

 

Objectives of the Study

The objectives of the study are summarized in 5 stages. They are as mentioned below:

  • Global Volumetric Display Market Size and Forecast: To identify and estimate the market size for the global volumetric display market segmented by display type, by end use, region and by value (in U.S. dollars). Also, to understand the consumption/ demand created by consumers of volumetric display between 2019 and 2032.
  • Market Landscape and Trends: To identify and infer the drivers, restraints, opportunities, and challenges for the global volumetric display market
  • Market Influencing Factors: To find out the factors which are affecting the sales of volumetric display among consumers
  • Impact of COVID-19: To identify and understand the various factors involved in the global volumetric display market affected by the pandemic
  • Company Profiling:  To provide a detailed insight into the major companies operating in the market. The profiling will include the financial health of the company's past 2-3 years with segmental and regional revenue breakup, product offering, recent developments, SWOT analysis, and key strategies.

 

Intended Audience

  • Industry Professionals:
  • Investors and Financial Analysts
  • Researchers and Academics
  • Government Agencies and Policymakers
  • Marketing and Advertising Professionals
  • Healthcare Professionals

Research Methodology

Our research methodology has always been the key differentiating reason which sets us apart in comparison from the competing organizations in the industry. Our organization believes in consistency along with quality and establishing a new level with every new report we generate; our methods are acclaimed and the data/information inside the report is coveted. Our research methodology involves a combination of primary and secondary research methods. Data procurement is one of the most extensive stages in our research process. Our organization helps in assisting the clients to find the opportunities by examining the market across the globe coupled with providing economic statistics for each and every region.  The reports generated and published are based on primary & secondary research. In secondary research, we gather data for global Market through white papers, case studies, blogs, reference customers, news, articles, press releases, white papers, and research studies. We also have our paid data applications which includes hoovers, Bloomberg business week, Avention, and others.

Data Collection

Data collection is the process of gathering, measuring, and analyzing accurate and relevant data from a variety of sources to analyze market and forecast trends. Raw market data is obtained on a broad front. Data is continuously extracted and filtered to ensure only validated and authenticated sources are considered. Data is mined from a varied host of sources including secondary and primary sources.

Primary Research

After the secondary research process, we initiate the primary research phase in which we interact with companies operating within the market space. We interact with related industries to understand the factors that can drive or hamper a market. Exhaustive primary interviews are conducted. Various sources from both the supply and demand sides are interviewed to obtain qualitative and quantitative information for a report which includes suppliers, product providers, domain experts, CEOs, vice presidents, marketing & sales directors, Type & innovation directors, and related key executives from various key companies to ensure a holistic and unbiased picture of the market. 

Secondary Research

A secondary research process is conducted to identify and collect information useful for the extensive, technical, market-oriented, and comprehensive study of the market. Secondary sources include published market studies, competitive information, white papers, analyst reports, government agencies, industry and trade associations, media sources, chambers of commerce, newsletters, trade publications, magazines, Bloomberg BusinessWeek, Factiva, D&B, annual reports, company house documents, investor presentations, articles, journals, blogs, and SEC filings of companies, newspapers, and so on. We have assigned weights to these parameters and quantified their market impacts using the weighted average analysis to derive the expected market growth rate.

Top-Down Approach & Bottom-Up Approach

In the top – down approach, the Global Batteries for Solar Energy Storage Market was further divided into various segments on the basis of the percentage share of each segment. This approach helped in arriving at the market size of each segment globally. The segments market size was further broken down in the regional market size of each segment and sub-segments. The sub-segments were further broken down to country level market. The market size arrived using this approach was then crosschecked with the market size arrived by using bottom-up approach.

In the bottom-up approach, we arrived at the country market size by identifying the revenues and market shares of the key market players. The country market sizes then were added up to arrive at regional market size of the decorated apparel, which eventually added up to arrive at global market size.

This is one of the most reliable methods as the information is directly obtained from the key players in the market and is based on the primary interviews from the key opinion leaders associated with the firms considered in the research. Furthermore, the data obtained from the company sources and the primary respondents was validated through secondary sources including government publications and Bloomberg.

Market Analysis & size Estimation

Post the data mining stage, we gather our findings and analyze them, filtering out relevant insights. These are evaluated across research teams and industry experts. All this data is collected and evaluated by our analysts. The key players in the industry or markets are identified through extensive primary and secondary research. All percentage share splits, and breakdowns have been determined using secondary sources and verified through primary sources. The market size, in terms of value and volume, is determined through primary and secondary research processes, and forecasting models including the time series model, econometric model, judgmental forecasting model, the Delphi method, among Flywheel Energy Storage. Gathered information for market analysis, competitive landscape, growth trends, product development, and pricing trends is fed into the model and analyzed simultaneously.

Quality Checking & Final Review

The analysis done by the research team is further reviewed to check for the accuracy of the data provided to ensure the clients’ requirements. This approach provides essential checks and balances which facilitate the production of quality data. This Type of revision was done in two phases for the authenticity of the data and negligible errors in the report. After quality checking, the report is reviewed to look after the presentation, Type and to recheck if all the requirements of the clients were addressed.

Frequently Asked Questions

On the basis of Geography, the volumetric display market is classified into North America, Europe, Asia Pacific, and the Rest of the world
According to volumetric display market research, the market is expected to grow at a CAGR of ~28.5% over the coming years.
Asia-Pacific is expected to register the highest CAGR during 2024 - 2032
North America held the largest share in 2023
The major players operating in the global market include The Coretec Group, Lightspace Labs, Voxon Photonics, Holografikakft, Holoxica Ltd, Leia Inc., SeeReal Technologies S.A., Looking Glass, Alioscopy, and various others.