Overview:
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).
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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.
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 fuel 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.
Segmentation:
The global volumetric display market is segmented into display type, components, technology, application, end-users, and region. The display type is segmented into multi-planar volumetric, static volume display, swept volume display, oscillating, rotating and others. The components is segmented into lens, memory, screen and others. The technology are segmented into swept volume display, static volume display and others. The applications segment is sub-segmented into design and prototyping, production and management, marketing, data visualization, training and others. The end-users segment is sub-segmented into education, military & defence, healthcare, aerospace, automotive industry, gaming and entertainment and others. The market is spanned across regions including North America, Europe, Asia Pacific, and rest of the world.
Regional Analysis:
Volumetric display market is consists of the Americas, Europe, Asia Pacific, and Rest of world. North America is dominating the global volumetric display market. The volumetric display market is witnessing a high growth as these regions due to various applications such as design and prototyping, production and management, marketing, data visualization. Europe is projected to hold the second largest share of the volumetric display market during the forecast period. It is due to the huge demand of volumetric display from various verticals such as education, military & defence, healthcare, aerospace, and others. Asia Pacific is expected to witness the highest CAGR in the coming years.
Key Players:
The prominent players in the global volumetric display market 3DIcon Corporation (U.S.), LightSpace Technologies Inc. (U.S.), Voxon (U.S.), Holografika Kft. (Hungary), Zebra Imaging (U.S.), Holoxica (U.K.), Burton Inc. (Japan), LEIA Inc. (U.S.), Seekway Technologies (China), Alioscopy (France), Actuality Systems, Inc.(U.S), Soscho GmbH (Germany), Burton Inc. (Japan) among others.
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