Global volumetric display market is projected to reach US$ 670.5 million by 2026. The growth of market is registered at a whooping CAGR of 20%. Need of visual representation of models and structures in various verticals such as construction, real estate, healthcare, and other artistic applications.
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A volumetric display device allows production and scattering of visible radiation from a set of specified and localized regions within a three-dimensional space. Volumetric display is a 3D autostereoscopic display. It is used in sectors such as aerospace & defense, medical, automotive, and other industrial applications. Throughout last few years, extensive research for volumetric displays has been observed which is affecting to gaming and entertainment applications which has led to technological advancement. Healthcare sector is a major are of application, where the technology is used in scanning body, and implementing virtual surgeries for training the doctors. Training commanders and controlling air traffic are some of the common applications of volumetric display in aerospace and defense industry.
Implementation of advanced technology products in defense, entertainment and healthcare is projected to drive the volumetric display market in the coming years. Various features of volumetric display such as 3D display, 360 degrees spherical viewing angle, motion-based depth cues, and autostereoscopic capabilities have a positive impact on the adoption of volumetric display market. Government of countries such as the U.S., U.K., Germany among others are consistently investing in strengthening their defense capabilities. For instance, the U.S. has increased its total spend on defense in 2020 by 3% as compared to the previous year.
Increased IT spend in the healthcare, education and media & entertainment sector is another major factor for the growth of market globally during the forecast period. Moreover, various art galleries and museums are presenting models using volumetric display to attract customers. Additionally, real estate, architectural and interior designing firms are also implementing volumetric display in the model sample house that is available for the customers to take a tour around before buying.
Competitors of the global volumetric display include, Lightspace Technologies, Inc., Voxon Photonics Pty Ltd., The Coretec Group, Inc., Holografika kft., Holoxica Ltd., Leia, Inc., Alioscopy, Looking Glass Factory, Inc., SeeReal Technologies GmbH, 3dicon Corp. Companies are focused on increasing investments in R&D to provide better products and realtime 3-D projections of the structures or models. Moreover, the market is at an emerging stage and has large scope of opportunity mainly in healthcare and entertainment industry.
Segmentation
- By Type:
- Swept Volume Display
- Static Volume
- By Component
- Projector
- Motor
- Position Sensor
- By Technology
- DLP
- LCOS
- By End-user:
- Medical
- Aerospace
- Defense
- Oil & Gas
- Art
- Media, Communication & Entertainment
- Education & Training
- Other
- By Region
- North America
- The U.S.
- Canada
- Mexica
- Europe
- The U.K.
- Germany
- France
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Australia & NZ
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- U.A.E.
- Saudi Arabia
- South Africa
- Egypt
- Rest of Middle East & Africa
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