Future Market Insights projects the volumetric display market to reach US$ 284.5 million in 2023, growing at a CAGR of 21.4% from 2023 to 2033. A growing market for portable devices as well as an increasing interest in gaming and technologies is expected to drive demand for volumetric displays over the next few years.
Volumetric displays use technology to visualize three-dimensional images in real time without using 3D glasses. Many industries can benefit from these displays, including medical imaging, automotive, gaming, advertising, and entertainment. With the integration of advanced technologies like 5G connectivity, edge computing, and artificial intelligence (AI), volumetric displays could be enhanced and new uses made possible.
Volumetric displays are constantly being scaled up by researchers, which can lead to large-scale 3D displays suitable for advertising, entertainment venues, and public spaces. Visualizing complex medical data, such as CT scans and MRI images, can assist healthcare professionals in better understanding and diagnosing conditions. The use of volumetric displays in scientific research can be beneficial for visualizing complex data sets and simulations.
Smartphone sales in emerging and developed countries are on the rise, resulting in an increase in the volumetric display market globally. Display technology is expected to witness increased adoption in several industries, particularly the defense sector. Due to their eye-catching 3D visuals, volumetric displays could revolutionize advertising and marketing campaigns. Displays that stand out from traditional flat screens can attract more consumers, helping companies increase sales.
| Report Attribute | Details |
|---|---|
| Volumetric Display Market Size (2022) | US$ 227 million |
| Volumetric Display Market Share Value (2023) | US$ 284.5 million |
| Volumetric Display Market Anticipated Forecast Value (2033) | US$ 2 billion |
| Volumetric Display Market Projected Growth Rate (2023 to 2033) | 21.4% CAGR |
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According to FMI, volumetric display markets expanded at a 25.5% CAGR between 2018 and 2022. As volumetric display technologies become more widely available, they will increasingly replace conventional display technologies like monitors and projectors. Realistic and accurate resolutions are expected to have a positive impact on the market.
Startups and investors have shown an increased interest in the volumetric display market. Technology and pricing breakthroughs can be driven by competition as new players enter the market. Various devices such as smartphones and wearable devices can be integrated with volumetric display solutions that are smaller and more portable. Increasing resolutions and improving image quality will be possible as technology advances, resulting in clearer and more realistic visual content with volumetric displays.
With the technology maturing and becoming more affordable, volumetric displays could possibly be integrated into smartphone and entertainment systems, providing a unique and compelling experience.
Developing tools and software that can efficiently create and convert content into volumetric format has been a major focus for expanding the content library. For volumetric displays to become more affordable and accessible to a wider audience, manufacturers are reducing production costs. Several industries, including aerospace and defense, have adopted volumetric displays to analyze data and design. According to analysts, the market for volumetric displays is expected to increase at a 21.4% CAGR between 2023 and 2033.
Increased Demand for 3D Technology Along with AI and Virtual Reality to Drive Market
Volumetric displays have evolved rapidly, with ongoing research and development aimed at enhancing image quality, resolution, and overall user experience. Materials, optics, and processing power improvements have contributed to market growth.
A wide range of applications has driven the growth of the volumetric display market. In recent years, the demand for 3D displays has increased as more industries recognize the benefits of 3D visualization. Among the key applications of volumetric displays has been medical imaging, which provides easier manipulation and understanding of complex anatomical structures. Thus, volumetric displays are expected to grow in demand.
Volumetric displays have shown interest in the entertainment and gaming industries. The growth of VR and augmented reality applications may benefit from these displays as they can provide a more immersive gaming environment. Consumers and businesses alike have been captivated by holographic content presented on volumetric displays. To attract and engage audiences in unique ways, companies are exploring holographic advertisements, presentations, and live events.
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Economic Constraints are Likely to be a Factor Limiting Market Growth
Due to the high cost of developing and manufacturing volumetric display technology, it may not be accessible to a wide market. Moreover, high costs can deter potential users from adopting the technology. Volumetric displays were bulky and difficult to transport in the early days, making them unsuitable for some uses. The size and portability of the product should be improved to make it more attractive to various industries.
The development of volumetric displays with high resolution and quality can be a challenging task. Depending on the industry, low resolutions or visual artifacts can hinder the overall user experience and limit its application. The tools and skills needed to create content tailored specifically for volumetric displays are specialized. Consumer interest can be hindered and adoption is limited by limited access to quality content.
New Technologies Will Drive Demand for Volumetric Display in the Market
According to FMI, volumetric display sales in the United States are projected to reach US$ 613.1 million by 2033. New technologies are being adopted across various industries and creative visualization solutions are being sought. The growing oil and gas industries in this country have created a demand for volumetric displays. Oil and gas companies use 3D volumetric displays for real-time visualizing 3D fluid flows in 3D.
Medical imaging technologies are in high demand in the healthcare sector, a major user of volumetric displays in the regional market. Volumetric displays for medical imaging applications are becoming increasingly popular in healthcare with the adoption of new technologies in the market. A substantial investment in research and development by major firms in this country is expected to drive sales growth. In addition, the United States' expenditure on defense is expected to increase rapidly for advanced training and simulation technologies during the forecast period. In addition, the market is expected to hold a share of 78% by the end of the forecast period.
Growing Government Initiatives and Investments for Volumetric Display to Grow the Market
Market research firms such as FMI, expect China to experience the fastest growth in volumetric displays. According to a forecast, the market revenue will reach US$ 171.6 million by 2033. Volumetric displays are becoming increasingly available and affordable for use by the general consumer market.
With electronics becoming more widely used and consumer electronics manufacturers becoming more prevalent in China, volumetric display demand is expected to grow. 3D display technologies in the country could be affected by government funding, support, and initiatives promoting research and development. With significant Foreign Direct Investments (FDI) in the region, the consumer electronics industry is expected to grow rapidly, leading to an increase in volumetric display production and adoption.
Due to mass manufacturing facilities and low production costs, China is estimated to capture a substantial share of the market. According to market forecasts, the volumetric display market in China is predicted to expand at a 22.5% CAGR between 2023 and 2033.
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Growing Innovations and Demand for Wearable Technologies to Drive Market Demand
Static-volume display is anticipated to dominate the market during the forecast period. The static-volume display market is expected to increase at a CAGR of 21.2% from 2023 to 2033.
Due to their ease of availability across many categories, static volumetric displays are highly appealing to customers. This technology aims at creating a 3D visual experience through the use of a simple display technology without the requirement of any additional glasses or goggles.
The immersive and realistic viewing experience offered by these displays can be more immersive than that offered by traditional 2D displays. Consumer interest in novel visual experiences and advancements in display technology all contribute to the market demand for static-volume displays.
Expanding Technologies and Improving Medical Devices is Expected to Drive Market
According to a recent report by FMI, volumetric medical displays are projected to rise at a 21% CAGR between 2023 and 2033. Displays with volumetric data can aid in the interpretation of medical imaging images, such as CT scans, MRIs, and ultrasounds. Physicians and radiologists, making diagnosis and treatment planning easier, can view a 3D rendering of an organ or tumor.
Using volumetric displays, surgeons can create realistic 3D models of patient anatomy prior to surgery, enhancing their understanding of complex cases and planning strategies. Furthermore, training on these displays can improve the spatial understanding and surgical skills of medical students and residents.
With clear visual representations of patients' medical conditions, volumetric displays can facilitate patient education. Patients and their families are better able to comprehend complex medical information when presented in a visually appealing way. Researchers can analyze molecular structures and interactions using volumetric displays. The capability of this technology can contribute to the discovery of new drugs, genomic research, and personalized medicine, among other areas.
A growing number of startups are exploring growth opportunities in the volumetric display market. The industry's growth is dependent on addressing market uncertainties and turning them into opportunities. A few start-ups are driving the growth of volumetric displays.
Innovative researchers and developers are expanding the applications of volumetric display products. To improve customer satisfaction, players are also using technology to lower the price of volumetric display products.
| Attribute | Details |
|---|---|
| Expected Market Value (2023) | US$ 284.5 million |
| Anticipated Forecast Value (2033) | US$ 2 billion |
| Projected Growth Rate (2023 to 2033) | 21.4% CAGR |
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | US$ billion for Value |
| Key Regions Covered |
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| Key Countries Covered |
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| Kay Segments Covered |
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| Key Companies Profiles |
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| Customization & Pricing | Available upon Request |
The market is valued at US$ 2 billion by 2033.
The market is forecast to register a CAGR of 21.4% through 2033.
The market is estimated to secure a valuation of US$ 284.5 million in 2023.
During 2018 to 2022, the market grew at a CAGR of 25.5 %.
By 2033, the United States market is going to possess a 78% share.
From 2023 to 2033, the static-volume display segment is set to accelerate at a CAGR of 21.2%.
1. Executive Summary 1.1. Global Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Technology Roadmap Analysis 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Opportunity Map Analysis 3.4. Product Life Cycle Analysis 3.5. Supply Chain Analysis 3.5.1. Supply Side Participants and their Roles 3.5.1.1. Producers 3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers) 3.5.1.3. Wholesalers and Distributors 3.5.2. Value Added and Value Created at Node in the Supply Chain 3.5.3. List of Raw Material Suppliers 3.5.4. List of Existing and Potential Buyer’s 3.6. Investment Feasibility Matrix 3.7. Value Chain Analysis 3.7.1. Profit Margin Analysis 3.7.2. Wholesalers and Distributors 3.7.3. Retailers 3.8. PESTLE and Porter’s Analysis 3.9. Regulatory Landscape 3.9.1. By Key Regions 3.9.2. By Key Countries 3.10. Regional Parent Market Outlook 3.11. Production and Consumption Statistics 3.12. Import and Export Statistics 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 4.1. Historical Market Size Value (US$ Million) & Volume (Units) Analysis, 2018 to 2022 4.2. Current and Future Market Size Value (US$ Million) & Volume (Units) Projections, 2023 to 2033 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Display Type 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Display Type, 2018 to 2022 5.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Display Type, 2023 to 2033 5.3.1. Static-volume Display 5.3.2. Swept-volume Display 5.4. Y-o-Y Growth Trend Analysis By Display Type, 2018 to 2022 5.5. Absolute $ Opportunity Analysis By Display Type, 2023 to 2033 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End-Use 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By End-Use, 2018 to 2022 6.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By End-Use, 2023 to 2033 6.3.1. Medical 6.3.2. Aerospace & Defense 6.3.3. Automotive 6.3.4. Media, Communication, & Entertainment 6.3.5. Education & Training 6.3.6. Others - Oil & Gas, Mining, etc. 6.4. Y-o-Y Growth Trend Analysis By End-Use, 2018 to 2022 6.5. Absolute $ Opportunity Analysis By End-Use, 2023 to 2033 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 7.1. Introduction 7.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Region, 2018 to 2022 7.3. Current Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Region, 2023 to 2033 7.3.1. North America 7.3.2. Latin America 7.3.3. Europe 7.3.4. Asia Pacific 7.3.5. MEA 7.4. Market Attractiveness Analysis By Region 8. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 8.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022 8.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033 8.2.1. By Country 8.2.1.1. United States 8.2.1.2. Canada 8.2.2. By Display Type 8.2.3. By End-Use 8.3. Market Attractiveness Analysis 8.3.1. By Country 8.3.2. By Display Type 8.3.3. By End-Use 8.4. Key Takeaways 9. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 9.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022 9.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033 9.2.1. By Country 9.2.1.1. Brazil 9.2.1.2. Mexico 9.2.1.3. Rest of Latin America 9.2.2. By Display Type 9.2.3. By End-Use 9.3. Market Attractiveness Analysis 9.3.1. By Country 9.3.2. By Display Type 9.3.3. By End-Use 9.4. Key Takeaways 10. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022 10.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033 10.2.1. By Country 10.2.1.1. Germany 10.2.1.2. United Kingdom 10.2.1.3. France 10.2.1.4. Spain 10.2.1.5. Italy 10.2.1.6. Rest of Europe 10.2.2. By Display Type 10.2.3. By End-Use 10.3. Market Attractiveness Analysis 10.3.1. By Country 10.3.2. By Display Type 10.3.3. By End-Use 10.4. Key Takeaways 11. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022 11.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033 11.2.1. By Country 11.2.1.1. China 11.2.1.2. Japan 11.2.1.3. South Korea 11.2.1.4. Singapore 11.2.1.5. Thailand 11.2.1.6. Indonesia 11.2.1.7. Australia 11.2.1.8. New Zealand 11.2.1.9. Rest of Asia Pacific 11.2.2. By Display Type 11.2.3. By End-Use 11.3. Market Attractiveness Analysis 11.3.1. By Country 11.3.2. By Display Type 11.3.3. By End-Use 11.4. Key Takeaways 12. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022 12.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033 12.2.1. By Country 12.2.1.1. GCC Countries 12.2.1.2. South Africa 12.2.1.3. Israel 12.2.1.4. Rest of MEA 12.2.2. By Display Type 12.2.3. By End-Use 12.3. Market Attractiveness Analysis 12.3.1. By Country 12.3.2. By Display Type 12.3.3. By End-Use 12.4. Key Takeaways 13. Key Countries Market Analysis 13.1. United States 13.1.1. Pricing Analysis 13.1.2. Market Share Analysis, 2022 13.1.2.1. By Display Type 13.1.2.2. By End-Use 13.2. Canada 13.2.1. Pricing Analysis 13.2.2. Market Share Analysis, 2022 13.2.2.1. By Display Type 13.2.2.2. By End-Use 13.3. Brazil 13.3.1. Pricing Analysis 13.3.2. Market Share Analysis, 2022 13.3.2.1. By Display Type 13.3.2.2. By End-Use 13.4. Mexico 13.4.1. Pricing Analysis 13.4.2. Market Share Analysis, 2022 13.4.2.1. By Display Type 13.4.2.2. By End-Use 13.5. Germany 13.5.1. Pricing Analysis 13.5.2. Market Share Analysis, 2022 13.5.2.1. By Display Type 13.5.2.2. By End-Use 13.6. United Kingdom 13.6.1. Pricing Analysis 13.6.2. Market Share Analysis, 2022 13.6.2.1. By Display Type 13.6.2.2. By End-Use 13.7. France 13.7.1. Pricing Analysis 13.7.2. Market Share Analysis, 2022 13.7.2.1. By Display Type 13.7.2.2. By End-Use 13.8. Spain 13.8.1. Pricing Analysis 13.8.2. Market Share Analysis, 2022 13.8.2.1. By Display Type 13.8.2.2. By End-Use 13.9. Italy 13.9.1. Pricing Analysis 13.9.2. Market Share Analysis, 2022 13.9.2.1. By Display Type 13.9.2.2. By End-Use 13.10. China 13.10.1. Pricing Analysis 13.10.2. Market Share Analysis, 2022 13.10.2.1. By Display Type 13.10.2.2. By End-Use 13.11. Japan 13.11.1. Pricing Analysis 13.11.2. Market Share Analysis, 2022 13.11.2.1. By Display Type 13.11.2.2. By End-Use 13.12. South Korea 13.12.1. Pricing Analysis 13.12.2. Market Share Analysis, 2022 13.12.2.1. By Display Type 13.12.2.2. By End-Use 13.13. Singapore 13.13.1. Pricing Analysis 13.13.2. Market Share Analysis, 2022 13.13.2.1. By Display Type 13.13.2.2. By End-Use 13.14. Thailand 13.14.1. Pricing Analysis 13.14.2. Market Share Analysis, 2022 13.14.2.1. By Display Type 13.14.2.2. By End-Use 13.15. Indonesia 13.15.1. Pricing Analysis 13.15.2. Market Share Analysis, 2022 13.15.2.1. By Display Type 13.15.2.2. By End-Use 13.16. Australia 13.16.1. Pricing Analysis 13.16.2. Market Share Analysis, 2022 13.16.2.1. By Display Type 13.16.2.2. By End-Use 13.17. New Zealand 13.17.1. Pricing Analysis 13.17.2. Market Share Analysis, 2022 13.17.2.1. By Display Type 13.17.2.2. By End-Use 13.18. GCC Countries 13.18.1. Pricing Analysis 13.18.2. Market Share Analysis, 2022 13.18.2.1. By Display Type 13.18.2.2. By End-Use 13.19. South Africa 13.19.1. Pricing Analysis 13.19.2. Market Share Analysis, 2022 13.19.2.1. By Display Type 13.19.2.2. By End-Use 13.20. Israel 13.20.1. Pricing Analysis 13.20.2. Market Share Analysis, 2022 13.20.2.1. By Display Type 13.20.2.2. By End-Use 14. Market Structure Analysis 14.1. Competition Dashboard 14.2. Competition Benchmarking 14.3. Market Share Analysis of Top Players 14.3.1. By Regional 14.3.2. By Display Type 14.3.3. By End-Use 15. Competition Analysis 15.1. Competition Deep Dive 15.1.1. Lightspace Technologies Inc. 15.1.1.1. Overview 15.1.1.2. Product Portfolio 15.1.1.3. Profitability by Market Segments 15.1.1.4. Sales Footprint 15.1.1.5. Strategy Overview 15.1.1.5.1. Marketing Strategy 15.1.1.5.2. Product Strategy 15.1.1.5.3. Channel Strategy 15.1.2. Voxon Photonics Pty Ltd. 15.1.2.1. Overview 15.1.2.2. Product Portfolio 15.1.2.3. Profitability by Market Segments 15.1.2.4. Sales Footprint 15.1.2.5. Strategy Overview 15.1.2.5.1. Marketing Strategy 15.1.2.5.2. Product Strategy 15.1.2.5.3. Channel Strategy 15.1.3. The Coretec Group Inc. 15.1.3.1. Overview 15.1.3.2. Product Portfolio 15.1.3.3. Profitability by Market Segments 15.1.3.4. Sales Footprint 15.1.3.5. Strategy Overview 15.1.3.5.1. Marketing Strategy 15.1.3.5.2. Product Strategy 15.1.3.5.3. Channel Strategy 15.1.4. Holoxica Ltd. 15.1.4.1. Overview 15.1.4.2. Product Portfolio 15.1.4.3. Profitability by Market Segments 15.1.4.4. Sales Footprint 15.1.4.5. Strategy Overview 15.1.4.5.1. Marketing Strategy 15.1.4.5.2. Product Strategy 15.1.4.5.3. Channel Strategy 15.1.5. Alioscopy 15.1.5.1. Overview 15.1.5.2. Product Portfolio 15.1.5.3. Profitability by Market Segments 15.1.5.4. Sales Footprint 15.1.5.5. Strategy Overview 15.1.5.5.1. Marketing Strategy 15.1.5.5.2. Product Strategy 15.1.5.5.3. Channel Strategy 15.1.6. Holografika kft. 15.1.6.1. Overview 15.1.6.2. Product Portfolio 15.1.6.3. Profitability by Market Segments 15.1.6.4. Sales Footprint 15.1.6.5. Strategy Overview 15.1.6.5.1. Marketing Strategy 15.1.6.5.2. Product Strategy 15.1.6.5.3. Channel Strategy 15.1.7. Leia, Inc 15.1.7.1. Overview 15.1.7.2. Product Portfolio 15.1.7.3. Profitability by Market Segments 15.1.7.4. Sales Footprint 15.1.7.5. Strategy Overview 15.1.7.5.1. Marketing Strategy 15.1.7.5.2. Product Strategy 15.1.7.5.3. Channel Strategy 15.1.8. Looking Glass Factory, Inc. 15.1.8.1. Overview 15.1.8.2. Product Portfolio 15.1.8.3. Profitability by Market Segments 15.1.8.4. Sales Footprint 15.1.8.5. Strategy Overview 15.1.8.5.1. Marketing Strategy 15.1.8.5.2. Product Strategy 15.1.8.5.3. Channel Strategy 15.1.9. SeeReal Technologies GmbH 15.1.9.1. Overview 15.1.9.2. Product Portfolio 15.1.9.3. Profitability by Market Segments 15.1.9.4. Sales Footprint 15.1.9.5. Strategy Overview 15.1.9.5.1. Marketing Strategy 15.1.9.5.2. Product Strategy 15.1.9.5.3. Channel Strategy 15.1.10. The Coretec Group, Inc. 15.1.10.1. Overview 15.1.10.2. Product Portfolio 15.1.10.3. Profitability by Market Segments 15.1.10.4. Sales Footprint 15.1.10.5. Strategy Overview 15.1.10.5.1. Marketing Strategy 15.1.10.5.2. Product Strategy 15.1.10.5.3. Channel Strategy 16. Assumptions & Acronyms Used 17. Research Methodology
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Volumetric Display Market
