Market Overview
The
Global Volumetric Display Market is expected to reach a value of
USD 372.8 million in 2023, and it is further anticipated to reach a market value of
USD 3,143.0 million by 2032 at a
CAGR of 26.7%. The market has seen a significant increase over the past few years and is predicted to grow significantly during the forecasted period as well.
A volumetric display device is a type of screen that generates a 3D representation of an object, distinct from regular flat screens that create the illusion of depth using several visual tricks. In simpler terms, volumetric displays make 3D images by emitting, scattering, or directing light from specific locations in space.
Market Dynamic
The demand for volumetric display technology is growing, particularly in the defense sectors of developed nations like the US, the UK, & Japan, where it is being used for educational purposes & battlefield monitoring. These governments are making significant investments in advanced technologies to enhance their defense capabilities. Globally, consumers are shifting their preference from traditional
3D displays to volumetric 3D displays owing to the latter's advanced features such as holographic aerial image visualization, autostereoscopic capabilities, a 360° spherical viewing angle, & motion-based depth cues. Volumetric displays offer enhanced resolution & a better user viewing experience with several visual effects & real-time 3D immersion, driving the market growth. Multiple industries, like military, healthcare, defense, aerospace, media & entertainment, are significantly adopting volumetric displays for applications like R&D, patient surgery, & media marketing, further propelling market expansion.
However, the complexity of volumetric displays, having components like motors, projectors, sensors, & laser systems, along with high manufacturing costs, creates challenges to market growth. The reliance on rotating parts or scanning mechanisms limits the production of large-screen units, ultimately increasing the overall product cost.
Research Scope and Analysis
By Display Type
The volumetric display market is categorized by display type into swept-volume, static volume, and more, of which the static-volume segment dominates in 2023, & it's anticipated for significant growth in coming years as well. Customers prefer static volumetric displays for their versatility, which have options like solid-state upconversion, gas medium upconversion, & crystal cube static displays. These displays contribute to efficient security checks at airports & provide better visibility during medical surgeries.
Further, the swept volume segment is anticipated to witness significant growth in the future, mainly due to global market leaders aiming to develop advanced swept volume displays.
By End Use
In the end-use segment, the medical sector takes the lead in the global market & is anticipated for the most significant growth among all industry segments in the coming future. Volumetric displays are gaining traction in
medical imaging owing to their critical role in surgical procedures, providing a hyper-realistic experience for visualizing medical images. These displays can create 3D images from MRI data, allowing doctors to examine anatomy from several angles with zoom capabilities.
In addition, volumetric displays make a significant impact on product advertising & media marketing by engaging customers for long periods. The advent of 5G technology is set to drive expansion in the media, communication, & entertainment sectors, mainly for video calling & virtual meetings.
Moreover, the increase in adoption of high-quality graphics in gaming, particularly among millennials & Gen Z, is expected to further boost the growth of this segment in the years to come. These developments are strongly tied to innovations happening across the
3D Display Market, reinforcing the synergies between consumer electronics and professional visualization.
The Volumetric Display Market Report is segmented on the basis of the following
By Display Type
- Swept-volume Display
- Static-volume Display
- Others
By End Use
- Media, Communication, & Entertainment
- Medical
- Education & Training
- Automotive
- Aerospace & Defense
- Others
Regional Analysis
North America dominates the global market with about 36.1% market share in 2023, which is expected to grow further owing to the rapid use of 3D volumetric displays in industries like oil & gas for real-time visualization. The healthcare sector's adoption of technologies like autostereoscopic displays is also increasing the need for volumetric displays in medical imaging.
Additionally, increased US defense spending on high-end military simulation technologies is set to drive the North American market. These patterns align closely with broader movements within the
Industrial Display Market, where advanced display systems are essential for operational efficiency and visualization accuracy.
Also, the Asia Pacific market is expected to notice significant growth owing to rising interest in advanced gaming in countries like India, China, Japan, & Australia. The region's increasing consumer electronics industry, driven by significant FDI (Foreign Direct Investments), is expected to lead to higher production & adaptation of volumetric displays. China & Japan, benefiting from mass production facilities & low production costs, are likely to capture a larger market share.
By Region
North America
Europe
- Germany
- The U.K.
- France
- Italy
- Russia
- Spain
- Benelux
- Nordic
- Rest of Europe
Asia-Pacific
- China
- Japan
- South Korea
- India
- ANZ
- ASEAN
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Argentina
- Colombia
- Rest of Latin America
Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
- Israel
- Egypt
- Rest of MEA
Competitive Landscape
Players in the market have been concentrating on increasing their businesses by investing in R&D, teaming up with others, & adding extra features to their products to grow their offerings & capture a bigger market share. Furthermore, since the market is still relatively new, it provides a chance for both existing players to strengthen their positions & for new entrants to get involved. Additionally, major players are working on forming partnerships & securing investment agreements to secure funding for increasing their market presence.
For instance, in February 2023, The Coretec Group announced a collaboration with The University of Adelaide, a renowned institution in glass science and photonics. This partnership aims to create a glass display for integration into The Coretec Group's CSpace technology, which is a 3D static volumetric display system. CSpace operates by controlling two invisible infrared lasers to generate visible 3D image pixels within an imaging chamber, which depends on rare earth ions dispersed in the chamber material, that form visible pixels at the intersections of the lasers. The 3D images are formed by scanning these lasers across the imaging chamber material.
Some of the prominent players in the global Volumetric Display Market are:
- Voxon Photonics
- Alioscopy
- Leia Inc
- Holixa Ltd
- Lightspace Technologies
- SeeReal Technologies
- The Coretec Group Inc
- Holografikakft
- Looking Glass Factory
- Other Key Players
COVID-19 Pandemic & Recession: Impact on the Global Volumetric Display Market
The COVID-19 pandemic caused a significant disturbance in the global volumetric display market. The economic recession that accompanied it led to a decline in consumer spending & late investments in this technology. However, the pandemic also highlighted the potential of volumetric displays for applications such as remote collaboration & medical imaging. As the world gradually recovered, the market also rebounded and is anticipated for steady growth, driven by an increase in demand for innovative display solutions in several industries, although the pace of recovery may vary across regions & sectors.
Report Details
| Report Characteristics |
| Market Size (2023) |
USD 372.8 Mn |
| Forecast Value (2032) |
USD 3,143.0 Mn |
| CAGR (2023-2032) |
26.7% |
| Historical Data |
2017 - 2022 |
| Forecast Data |
2023 - 2032 |
| Base Year |
2022 |
| Estimate Year |
2023 |
| Report Coverage |
Market Revenue Estimation, Market Dynamics, Competitive Landscape, Growth Factors and etc. |
| Segments Covered |
By Display Type (Swept-volume display, Static-volume
Display, and Others), By End Use (Media,
Communication & Entertainment: Medical; Education
& Training; Automotive; Aerospace & Defense; and
Others) |
| Regional Coverage |
North America – The US and Canada; Europe – Germany, The UK, France, Russia, Spain, Italy, Benelux, Nordic, & Rest of Europe; Asia- Pacific– China, Japan, South Korea, India, ANZ, ASEAN, Rest of APAC; Latin America – Brazil, Mexico, Argentina, Colombia, Rest of Latin America; Middle East & Africa – Saudi Arabia, UAE, South Africa, Turkey, Egypt, Israel, & Rest of MEA
|
| Prominent Players |
Voxon Photonics, Alioscopy, Leia Inc, Holixa Ltd,
Lightspace Technologies, SeeReal technologies, The
Coretec group Inc, Holografikakft, Looking Glass
Factory, and Other Key Players |
| Purchase Options |
We have three licenses to opt for: Single User License (Limited to 1 user), Multi-User License (Up to 5 Users), and Corporate Use License (Unlimited User) along with free report customization equivalent to 0 analyst working days, 3 analysts working days and 5 analysts working days respectively. |
Frequently Asked Questions
The Global Volumetric Display Market size is estimated to have a value of USD 372.8 million in 2023 and
is expected to reach USD 3,143.0 million by the end of 2032.
North America dominates the Global Volumetric Display Market with a share of 36.1% in 2023.
Some of the key players in the Global Volumetric Display Market are Alioscopy, Leia Inc., Holixa Ltd, and
many others.
The market is growing at a CAGR of 26.7 percent over the forecasted period.