Global Volumetric Display Market, Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Forecast to 2029

“Global Volumetric Display Market” is a recent report produced by the research team at MarketResearch.biz. The global volumetric display market report has been segmented on the basis of display type, end-use, and region.

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 Product Overview

A volumetric display, also known as a graphic display, allows creation of visual representations of various objects in three dimensions using a 360-degree spherical viewing angle. The specialty of a 360-degree spherical viewing angle is that images change as the viewers move around. There are two categories of volumetric displays currently, and these include static volume displays and swept volume displays. Swept volume displays re-create volumetric image from rapidly projected 2D slices using the persistence of human vision. Static volume displays rely upon a 3D volume of active elements (voxels or volumetric picture elements) to display a solid option. Static volume displays do not use moving parts for displaying images. Volumetric displays are opposed to planar images of traditional screens, which use different visual effects to simulate depth. To view content in 3-D, viewers do not require to wear accessories such as special 3-D glasses. This feature of volumetric display makes it possible to apply the technology on mobile phones, tablets, and laptops. What makes volumetric display more clear and efficient is its capability to capture all curves. In addition, volumetric display requires only simple computations for processing data. As a result, application has been extending into different fields including medical, education, military, gaming and entertainment, designing, and aerospace.

Market Dynamics

Increasing demand for volumetric displays from different sectors, technological advancements in devices related to displays, and growing adoption of digital technologies in various sectors, including healthcare, education, and aerospace are among some of the major factors driving growth of the global volumetric display market currently. Demand for technologically advanced volumetric displays is projected to increase, and this can be attributed to a substantial increase of adoption of volumetric display in sectors such as healthcare and medical, aerospace and defense, media and entertainment, education, and consumer electronics. This high demand and deployment is projected to further support growth of the global volumetric display market over the forecast period.  Easy availability and growing usage of advanced volumetric displays with features such as high clarity and clear display image and video quality is also projected to drive growth of the global volumetric display market during the forecast period. Moreover, digitalization in the healthcare sector and significant increase in the adoption of volumetric display devices in various sectors is expected to support growth of the market over the forecast period. High-performance of volumetric display devices available in the market currently, and rising popularity of volumetric displays are among other growth supporting factors. In addition, continuous and growing investments into research and development of volumetric displays for developing and producing more technologically advanced products is projected to drive demand for volumetric displays over the forecast period. However, affordability challenges due to high cost is projected to hamper growth of the global volumetric market to a certain extent over the forecast period.

Global Volumetric Display Market Analysis:

Display Type: Among the display type segments, the static-volume segment accounts for highest revenue share in the global volumetric display market currently, and is expected to continue its dominance over the forecast period. This is attributed to rising preference owing to the easy availability of volumetric displays in various categories.

End-use: Among the end-use segments, the medical segment accounts for highest revenue share currently, and is expected to continue to do so over the forecast period.  This is attributed to increasing usage of volumetric displays during surgeries as it provides a unique hyper-realistic experience for visualization of medical images.

Global Volumetric Display Market Regional Analysis:

Among the regions, the North America volumetric display market accounts for dominant revenue share in the global market currently, and is expected to continue its dominance over the forecast period, which is attributable to high adoption of volumetric display devices in hospitals in countries in the region.

Global Volumetric Display Market Segmentation: 

By Display Type:

• Static-volume display
• Swept-volume display

By End-use:

• Medical
• Aerospace & Defense
• Automotive
• Media, Communication, & Entertainment
• Education & Training
• Others (Oil & Gas, Mining, etc.)

By Region:

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