Volumetric Display Market

Volumetric Display Market by Display Types (Static-volume and Swept-volume), End Uses (Medical, Aerospace & Defense, Entertainment, Automotive, Education & Training, and Media, Communication, & Entertainment), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021–2028

  • Report ID: ICT-SE-485
  • Author: Growth Market Reports
  • Rating: 4.7
  • Total Reviews: 3
  • No. Of Pages: 195
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The global volumetric display market was valued at USD 183.76 million in 2020 and is projected to register a substantial CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the technological advancements in three dimensions (3D) display technology that delivers enhanced display resolutions and features.

Volumetric display is a graphic display device that forms a visual representation of an object in 3D. The display offers unique properties such as 360-degree viewing, converge agreement and accommodation cues, and their inherent 3D format that enable the user to experience advanced interface techniques. The first volumetric display device was developed in 1912 and was successfully commercialized in 1990s. With the recent technological advancements and rising production of innovative products, the volumetric display device are increasingly adopted across many commercial sectors such as medical, aerospace & defense, automotive, and industrial.
 

Volumetric Display Market Key Takeaways


Recent innovation and technological development in laser, optics, and electronics that are adopted widely in the manufacturing of volumetric displays plays an important for boosting the product demand. This technological development enables multiple users to look at the image or object from different perspectives at the same time without any special eyewear gadgets. Advanced features of volumetric 3D display such as visualization of holographic aerial images in free space, 360° viewing angle, and autostereoscopic capabilities are encouraging the adoption of these devices. Additionally, growing consumers’ preference for enhanced gaming experience has led to rising adoption of volumetric displays that deliver a 360° view of 3D gaming without wearing any device or equipment on gamer’s body. Furthermore, key market players such as Voxon Photonics are focusing on introduction of innovative 3D displays.

Market Drivers, Restraints, Trends, and Opportunities

  • Growing investments by key market players to produce innovative displays owing to the rapid increase in demand from a large consumer base globally are expected to boost the market growth during the forecast period.
  • Increasing adoption of the display technology in various sectors especially the defense industry for various combat awareness and battlefield monitoring applications is expected to spur the market growth.
  • Factors such as better resolution, enhanced viewing experience through real-time 3D experience, and number of visual effects are key aspects for wide adoption in the gaming industry. The factor is projected to boost the market growth during the forecast period.
  • Growing adoption of volumetric display across industries including aerospace, healthcare, and entertainment for various applications such as research and development, media marketing, and patient surgery are projected to boost the product demand.
  • High-cost price of devices and complex assembly of components such as projector, motor, sensor, and laser systems are key challenges expected to hamper the market growth during the forecast period.
  • COVID-19 pandemic has adversely affected the manufacturing industries that impacted to restrict the production of volumetric display. This is projected to hinder the market expansion.

Scope of the Report

The report on the global volumetric display market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Volumetric Display Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Display Types (Static-volume and Swept-volume) and End Uses (Medical, Aerospace & Defense, Entertainment, Automotive, Education & Training, and Media, Communication, & Entertainment)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Lightspace Technologies Inc., Voxon Photonics Pty Ltd., The Coretec Group Inc. and Holoxica Ltd.

 

Global Volumetric Display Market Segment Insights

Static-volume segment expected to represent a considerable share
On the basis of display types, the market is bifurcated into static-volume and swept-volume. The static volume segment is expected to represent a market share of more than 45% during the forecast period. Rising demand for the display type owing to the availability of various categories of products such as gas medium up-conversion, solid-state up-conversion, and crystal cube static displays. This provides enhanced visibility during medical surgeries and also helps in quick security checks at airports. On the other hand, the swept volume segment is expected to expand at a CAGR of over 29% during the forecast period. The significant focus of market players on developing advanced swept volume displays is anticipated to drive the segment growth. For instance, in June 2019, Voxon Photonics announced the launch ‘Z3D’, an innovative 3D Arcade Machine based on swept volume technology that delivers enhanced gaming experience with ultra-high digital projection device. Moreover, it also supports multi-user interaction for gaming and many other applications such as video calling.
 

Volumetric Display Market By display Types


Medical segment is projected to constitute a large market share
Based on end uses, the market is divided into medical, aerospace & defense, entertainment, automotive, education & training, and media, communication, & entertainment. The medical segment is projected to constitute a market share of more than 25% during the forecast period. Wide adoption of the volumetric display for medical imaging applications owing to its visual enhancement sensors during surgeries is a key driving factor for the segment growth. It generates a hyper-realistic experience for visualization of medical images during surgeries. Moreover, it is designed to build a 3D image from stored MRI data in the system, which helps doctors to view complete anatomy from any angle with zooming features. However, the entertainment segment is projected to expand at a healthy CAGR during the forecast period. Increasing demand for the product for video calling and virtual meeting purpose are expected to boost the segment growth during the forecast period. Additionally, rising adoption of high graphics gaming technologies among youngsters is projected to spur the segment growth during the forecast period.

North America to account for a significant market share
In terms of regions, the market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to account for a significant market share of more than 30% during the forecast period. Increasing penetration of 3D volumetric displays in the oil and gas industry for visualization of 3D fluid flow in real-time is the primary factors driving the market growth in this region. Increasing adoption of innovative technology such as auto-stereoscopic display in the healthcare sector in the region is another key driving factor for the regional market growth. Moreover, a rapid increase in the U.S. defense spending to deploy advanced technologies for military simulation and training applications is projected to influence the market growth in the region. For instance, U.S government planned a budget of USD 737.5 billion for the defense sector in the year 2020. On the other hand, the market in Asia Pacific is projected to expand at an impressive CAGR during the forecast period. Growing consumer inclination towards high-tech gaming solutions in countries such as Japan, China, and Australia are driving the market growth in this region. Furthermore, rapidly growing consumer electronics industry owing to rise in foreign direct investments (FDI) in the region is a key aspect for regional market growth. Low cost of production and mass manufacturing facilities in countries such as China, India, and Japan are expected to boost the growth of the regional market.
 

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Volumetric Display Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Volumetric Display Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Volumetric Display Market - Supply Chain
  4.5. Global Volumetric Display Market Forecast
     4.5.1. Volumetric Display Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Volumetric Display Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Volumetric Display Market Absolute $ Opportunity
5. Global Volumetric Display Market Analysis and Forecast by End Users
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by End Users
     5.2.2. Y-o-Y Growth Projections by End Users
  5.3. Volumetric Display Market Size and Volume Forecast by End Users
     5.3.1. Medical
     5.3.2. Aerospace & Defense
     5.3.3. Entertainment
     5.3.4. Automotive
     5.3.5. Education & Training
     5.3.6. Media, Communication, & Entertainment
  5.4. Absolute $ Opportunity Assessment by End Users
  5.5. Market Attractiveness/Growth Potential Analysis by End Users
6. Global Volumetric Display Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Volumetric Display Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Volumetric Display Demand Share Forecast, 2019-2026
7. North America Volumetric Display Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Volumetric Display Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Volumetric Display Market Size and Volume Forecast by End Users
     7.4.1. Medical
     7.4.2. Aerospace & Defense
     7.4.3. Entertainment
     7.4.4. Automotive
     7.4.5. Education & Training
     7.4.6. Media, Communication, & Entertainment
  7.5. Basis Point Share (BPS) Analysis by End Users
  7.6. Y-o-Y Growth Projections by End Users
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Volumetric Display Demand Share Forecast, 2019-2026
8. Latin America Volumetric Display Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Volumetric Display Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Volumetric Display Market Size and Volume Forecast by End Users
     8.4.1. Medical
     8.4.2. Aerospace & Defense
     8.4.3. Entertainment
     8.4.4. Automotive
     8.4.5. Education & Training
     8.4.6. Media, Communication, & Entertainment
  8.5. Basis Point Share (BPS) Analysis by End Users
  8.6. Y-o-Y Growth Projections by End Users
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Volumetric Display Demand Share Forecast, 2019-2026
9. Europe Volumetric Display Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Volumetric Display Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Volumetric Display Market Size and Volume Forecast by End Users
     9.4.1. Medical
     9.4.2. Aerospace & Defense
     9.4.3. Entertainment
     9.4.4. Automotive
     9.4.5. Education & Training
     9.4.6. Media, Communication, & Entertainment
  9.5. Basis Point Share (BPS) Analysis by End Users
  9.6. Y-o-Y Growth Projections by End Users
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Volumetric Display Demand Share Forecast, 2019-2026
10. Asia Pacific Volumetric Display Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Volumetric Display Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Volumetric Display Market Size and Volume Forecast by End Users
     10.4.1. Medical
     10.4.2. Aerospace & Defense
     10.4.3. Entertainment
     10.4.4. Automotive
     10.4.5. Education & Training
     10.4.6. Media, Communication, & Entertainment
  10.5. Basis Point Share (BPS) Analysis by End Users
  10.6. Y-o-Y Growth Projections by End Users
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Volumetric Display Demand Share Forecast, 2019-2026
11. Middle East & Africa Volumetric Display Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Volumetric Display Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Volumetric Display Market Size and Volume Forecast by End Users
     11.4.1. Medical
     11.4.2. Aerospace & Defense
     11.4.3. Entertainment
     11.4.4. Automotive
     11.4.5. Education & Training
     11.4.6. Media, Communication, & Entertainment
  11.5. Basis Point Share (BPS) Analysis by End Users
  11.6. Y-o-Y Growth Projections by End Users
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Volumetric Display Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Volumetric Display Market: Market Share Analysis
  12.2. Volumetric Display Distributors and Customers
  12.3. Volumetric Display Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. Lightspace Technologies Inc.
     12.4.2. Voxon Photonics Pty Ltd.
     12.4.3. The Coretec Group Inc.
     12.4.4. Holoxica Ltd.

Segments Covered in the Report
The global volumetric display market has been segmented on the basis of

Display Types

  • Static-volume
  • Swept-volume

End Uses

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

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Some of the key players in the global volumetric display market are Lightspace Technologies Inc., Voxon Photonics Pty Ltd., The Coretec Group Inc., and Holoxica Ltd.

Industry players are focusing on business strategies such as R&D investments and collaborations to expand their product portfolio and acquire a large market share. For instance, in November 2018, Voxon Photonics announced that it successfully conducted a video call test on volumetric display by using a 5G network at the Mobile World Congress Americas in Los Angeles. The development was aimed to help Voxon Photonics enhance its product sales after the commercialization of 5G services during the forecast period.

Companies are focusing on establishing partnerships and agreements with investors to expand their market presence. For instance, in Dec 2018, LightSpace Technologies raised approximately USD 5.5 million from ASHansaMatrix. The fundraising was aimed to serve the purpose of supporting R&D activities of real-time volumetric display technology.
 

Volumetric Display Market By Key Players

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