The global volumetric display market is anticipated to reach $14.8 billion by 2031, growing from $1.4 billion in 2021 at a CAGR of 27.0% from 2022 to 2031.
The use of stereoscopic imaging, a sort of visual display technology, enables viewers to observe things from all directions without the use of special goggles or headsets by projecting three-dimensional (3D) pictures or images. It gives a complete 360-degree picture of the object and gives the impression of depth and perspective that is present in real life. In contrast to conventional displays, which are two-dimensional (2D) and Include flat panels and monitors, volumetric displays produce pictures that really fill real-world space. This is accomplished by directing light or other types of energy into a certain area, where the picture is created by the interaction of light with different tools or substances.
Volumetric displays provide a unique and immersive visual experience by projecting 3D images in space. Unlike traditional displays, which are limited to a 2D representation, the volume illusion offers other viewers the chance to see objects from different angles. This immersive experience has great appeal in industries such as entertainment, gaming, and virtual reality (VR). Volumetric displays do not require the use of special glasses or headsets to perceive 3D content. This advantage makes its more accessible and convenient for users as they can view 3D images directly with their eyes. Eliminating additional equipment improves the user experience and Increases the potential applications for volumetric displays. With the Increasing need for advanced visualization technologies in industries such as medical imaging, automotive design, aerospace, and architecture, the demand for volumetric displays is Increasing. Volumetric displays offer professionals in these fields to effectively visualize and manipulate complex 3D data, leading to improved analysis, design, and decision-making processes.
Volumetric displays require advanced technologies to create true 3D holographic images. These technologies Include high-resolution projectors, multiple display elements and sophisticated optical systems. The R&D and manufacturing processes involved in making these components can be expensive. Volumetric displays are still relatively new and not yet mass-produced. Low production volume limits the economies of scale that typically help lower costs for mass-produced products. As demand for volumetric displays rises and production Increases, cost reduction is expected over time. Manufacturing processes for volumetric displays often involve complex assembly and precise calibration. These specialized processes require skilled labor and specialized equipment, which Increases the overall cost. This factors is projected to hamper the market growth during the forecast period.
Volumetric displays offer Incredibly accurate 3D representations of medical imaging such as CT and MRI scans. These displays improve the accuracy of diagnosis and treatment planning. The healthcare sector is one of the biggest and fastest-growing markets for volumetric displays owing to rising applications in medical imaging, surgical planning, and medical education. By creating 3D models of organs, bones, and other anatomical elements using volumetric projections, doctors and surgeons may see and practice challenging procedures in advance. This can produce better results for those who are at reduced risk and recover more quickly. With the use of volumetric projections in the classroom, medical students, and trainees can study and comprehend anatomy in a more dynamic and immersive manner. The rising demand for volumetric displays in the healthcare industry offers a sizable potential for businesses in this sector. They can expect to see volumetric displays used in medical applications more frequently as the technology advances and costs reduces, which will enhance patient outcomes and healthcare delivery. All these are the major factors anticipated to create several growth opportunities in the market during the forecast period.
The COVID-19 pandemic had both positive and negative impacts on the volumetric display market. Volumetric displays have found applications in the healthcare sector, Including medical imaging, surgical planning, and telemedicine. During the pandemic, these displays played a vital role in improving the visualization of medical data, aiding in the diagnosis and treatment of COVID-19 patients, and facilitating remote consultations. The demand for advanced visualization technologies Increased due to the widespread adoption of remote work and online communication during the pandemic. Volumetric displays offer immersive and interactive visual experiences, making them valuable tools for remote collaboration, design reviews, and virtual meetings. The global supply chain disruption caused by the pandemic affected various industries, Including the volumetric display market. Production delays, raw material shortages, and transportation issues affected the production and availability of volumetric imaging devices, leading to potential setbacks in the market growth.
The key players profiled in this report Include Lumi Industries, Voxon Photonics, Artosci, Holoxica, Looking Glass, Burton Inc., SeeReal Technologies S.A., Sony, REALFICTION, and Alioscopy. The market players are continuously striving to achieve an upper hand in this competitive market using strategies such as collaborations and acquisitions.
The use of stereoscopic imaging, a sort of visual display technology, enables viewers to observe things from all directions without the use of special goggles or headsets by projecting three-dimensional (3D) pictures or images. It gives a complete 360-degree picture of the object and gives the impression of depth and perspective that is present in real life. In contrast to conventional displays, which are two-dimensional (2D) and Include flat panels and monitors, volumetric displays produce pictures that really fill real-world space. This is accomplished by directing light or other types of energy into a certain area, where the picture is created by the interaction of light with different tools or substances.
Volumetric displays provide a unique and immersive visual experience by projecting 3D images in space. Unlike traditional displays, which are limited to a 2D representation, the volume illusion offers other viewers the chance to see objects from different angles. This immersive experience has great appeal in industries such as entertainment, gaming, and virtual reality (VR). Volumetric displays do not require the use of special glasses or headsets to perceive 3D content. This advantage makes its more accessible and convenient for users as they can view 3D images directly with their eyes. Eliminating additional equipment improves the user experience and Increases the potential applications for volumetric displays. With the Increasing need for advanced visualization technologies in industries such as medical imaging, automotive design, aerospace, and architecture, the demand for volumetric displays is Increasing. Volumetric displays offer professionals in these fields to effectively visualize and manipulate complex 3D data, leading to improved analysis, design, and decision-making processes.
Volumetric displays require advanced technologies to create true 3D holographic images. These technologies Include high-resolution projectors, multiple display elements and sophisticated optical systems. The R&D and manufacturing processes involved in making these components can be expensive. Volumetric displays are still relatively new and not yet mass-produced. Low production volume limits the economies of scale that typically help lower costs for mass-produced products. As demand for volumetric displays rises and production Increases, cost reduction is expected over time. Manufacturing processes for volumetric displays often involve complex assembly and precise calibration. These specialized processes require skilled labor and specialized equipment, which Increases the overall cost. This factors is projected to hamper the market growth during the forecast period.
Volumetric displays offer Incredibly accurate 3D representations of medical imaging such as CT and MRI scans. These displays improve the accuracy of diagnosis and treatment planning. The healthcare sector is one of the biggest and fastest-growing markets for volumetric displays owing to rising applications in medical imaging, surgical planning, and medical education. By creating 3D models of organs, bones, and other anatomical elements using volumetric projections, doctors and surgeons may see and practice challenging procedures in advance. This can produce better results for those who are at reduced risk and recover more quickly. With the use of volumetric projections in the classroom, medical students, and trainees can study and comprehend anatomy in a more dynamic and immersive manner. The rising demand for volumetric displays in the healthcare industry offers a sizable potential for businesses in this sector. They can expect to see volumetric displays used in medical applications more frequently as the technology advances and costs reduces, which will enhance patient outcomes and healthcare delivery. All these are the major factors anticipated to create several growth opportunities in the market during the forecast period.
The COVID-19 pandemic had both positive and negative impacts on the volumetric display market. Volumetric displays have found applications in the healthcare sector, Including medical imaging, surgical planning, and telemedicine. During the pandemic, these displays played a vital role in improving the visualization of medical data, aiding in the diagnosis and treatment of COVID-19 patients, and facilitating remote consultations. The demand for advanced visualization technologies Increased due to the widespread adoption of remote work and online communication during the pandemic. Volumetric displays offer immersive and interactive visual experiences, making them valuable tools for remote collaboration, design reviews, and virtual meetings. The global supply chain disruption caused by the pandemic affected various industries, Including the volumetric display market. Production delays, raw material shortages, and transportation issues affected the production and availability of volumetric imaging devices, leading to potential setbacks in the market growth.
The key players profiled in this report Include Lumi Industries, Voxon Photonics, Artosci, Holoxica, Looking Glass, Burton Inc., SeeReal Technologies S.A., Sony, REALFICTION, and Alioscopy. The market players are continuously striving to achieve an upper hand in this competitive market using strategies such as collaborations and acquisitions.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the volumetric display market analysis from 2021 to 2031 to identify the prevailing volumetric display market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the volumetric display market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report Includes the analysis of the regional as well as global volumetric display market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Type
- Swept Volumetric Displays
- Holographic Displays
- Static Volumetric Displays
By Application
- Aerospace and Defense
- Medical
- Automotive
- Communication and Entertainment
- Others
By Technology
- Digital Light Processing (DLP)
- Liquid Crystal on Silicon (LCOS)
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Spain
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- United Arab Emirates
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
- Lumi Industries
- Voxon Photonics
- Artosci
- Holoxica
- Looking Glass
- Burton Inc.
- SeeReal Technologies S.A.
- Sony
- REALFICTION
- Alioscopy
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: VOLUMETRIC DISPLAY MARKET, BY TYPE
CHAPTER 5: VOLUMETRIC DISPLAY MARKET, BY TECHNOLOGY
CHAPTER 6: VOLUMETRIC DISPLAY MARKET, BY APPLICATION
CHAPTER 7: VOLUMETRIC DISPLAY MARKET, BY REGION
CHAPTER 8: COMPETITIVE LANDSCAPE
CHAPTER 9: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to a new report, titled, 'Volumetric Display Market,' The volumetric display market was valued at $1.4 billion in 2021, and is estimated to reach $14.8 billion by 2031, growing at a CAGR of 27% from 2022 to 2031.A volumetric display refers to a type of three-dimensional display technology that creates visual content in a volume of space rather than on a flat surface. It enables viewers to observe three-dimensional objects or images from various angles without the need for special glasses or goggles. Unlike traditional two-dimensional displays, such as computer screens or television monitors, which present images on a flat surface, volumetric displays aim to recreate the perception of depth and dimensionality by projecting light or other forms of energy into a defined space.
Volumetric displays are increasingly in demand because of their unique ability to provide an immersive 3D viewing experience. Rising demand for cutting-edge 3D visualization solutions across several sectors is driving this demand. Volumetric displays, for instance, are utilized in the entertainment sector to produce fascinating visual effects in motion pictures, television shows, and video games. Adoption of volumetric displays in the medical field is still in its early stages. However, there are promising developments and increasing interest in leveraging this technology for medical applications. Volumetric displays offer several advantages over traditional two-dimensional displays, such as providing a more immersive and intuitive visualization experience for medical professionals. Medical imaging is one of the primary areas where volumetric displays can have a significant impact. By generating true 3D images, volumetric displays can enhance the interpretation of medical scans, such as CT scans, MRI, and ultrasound, by allowing physicians to view and interact with the data in a more realistic and comprehensive manner. This can aid in diagnosis, treatment planning, and surgical procedures.
However, volumetric display technology is still evolving and there is a lack of standardized manufacturing process. This lack of standardization can lead to higher costs due to customization and the need for specialized components. To achieve optimal performance and visual quality, volumetric displays require high-quality components, such as advanced projectors, mirrors, and optical elements. These components may be costly, further contributing to the overall price. Furthermore, volumetric displays are not yet produced on a large scale, and mass production would typically help reduce costs. Limited demand and market size for volumetric displays can make it challenging for manufacturers to achieve cost efficiency.
The volumetric displays have the ability to provide a more immersive and compelling visual experience than conventional 2D displays. Therefore, they prove to be a desirable option for a variety of applications. The creation of new materials is one of the major areas of technological progress that might help the market for volumetric displays. The usage of nanomaterials, for instance, may result in displays that are more effective, brighter, and offer a larger color range. High-quality volumetric displays might also be produced more easily and affordably due to new manufacturing techniques like 3D printing. The development of the volumetric display industry may also be significantly influenced by improvements in computer graphics and processing speed. More realistic and detailed 3D models that can be shown on volumetric screens could be conceivable as computer graphics technology advances. In industries like health, engineering, and architecture where 3D visualization is crucial, may lead to new applications. Volumetric displays may potentially benefit from the rising popularity of virtual and augmented reality experiences. Volumetric displays may be used in combination with other immersive technologies, such head-mounted displays, to make virtual worlds even more authentic and interesting. These factors are anticipated to boost market expansion in the upcoming years.
The volumetric display market share is segmented on the basis of type, technology, application, and region. By type, it is classified into swept volumetric displays, holographic displays, and static volumetric displays. By technology, it is classified into digital light processing (DLP) and liquid crystal on silicon (LCOS). By application, it is classified into aerospace & defense, medical, automotive, communication & entertainment, and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players profiled in the volumetric display market report include Lumi Industries, Voxon Photonics, Artosci, Holoxica, Looking Glass, Burton Inc., SeeReal Technologies S.A., Sony, REALFICTION, and Alioscopy.
The report offers a comprehensive analysis of the global volumetric display market trends by thoroughly studying different aspects of the market including major segments, market statistics, market dynamics, regional market outlook, investment opportunities, and top players working towards the growth of the market. The report also highlights the present scenario and upcoming trends & developments that are contributing toward the growth of the market. Moreover, restraints and challenges that hold power to obstruct the market growth are also profiled in the report along with Porter’s five forces analysis of the market to elucidate factors such as competitive landscape, bargaining power of buyers and suppliers, threats of new players, and the emergence of substitutes in the market.
Impact of COVID-19 on the Global Volumetric Display Industry
COVID-19 caused disruptions in global supply chains due to lockdown measures, travel restrictions, and factory closures. This potentially impacted the production and availability of components required for volumetric display technologies. Manufacturers heavily reliant on international supply chains faced challenges in sourcing necessary parts, leading to delays or increased costs.The pandemic resulted in economic uncertainties and reduced business activities across many industries. This had a direct impact on the demand for volumetric display technologies. Companies had to cut back on non-essential investments, including the adoption of emerging display technologies, due to financial constraints and shifting priorities.
Volumetric displays are often utilized for presentations, product launches, trade shows, and exhibitions. The event and exhibition industry has been significantly affected by the pandemic, with cancellations, postponements, and a shift toward virtual events. The reduced demand for physical events has likely impacted the adoption and deployment of volumetric displays in such settings.
Key Findings of the Study
- Based on type, the holographic displays sub-segment emerged as the global leader in 2021 and is anticipated to be the fastest growing during the forecast period.
- Based on technology, the digital light processing (DLP) sub-segment emerged as the global leader in 2021 and the liquid crystal on silicon (LCOS) sub-segment is predicted to show the fastest growth in the upcoming years.
- Based on application, the medical sub-segment emerged as the global leader in 2021 and is anticipated to be the fastest growing during the forecast period.
- Based on region, North America registered the highest market share in 2021 and is projected to maintain its position during the forecast period.
Companies Mentioned
- Lumi Industries
- Voxon Photonics
- Artosci
- Holoxica
- Looking Glass
- Burton Inc.
- SeeReal Technologies S.A.
- Sony
- REALFICTION
- Alioscopy
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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