Future Market Insights projects the volumetric display market to reach USD 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 |
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Volumetric Display Market Size (2022) | USD 227 million |
Volumetric Display Market Share Value (2023) | USD 284.5 million |
Volumetric Display Market Anticipated Forecast Value (2033) | USD 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.
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 USD 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 USD 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) | USD 284.5 million |
Anticipated Forecast Value (2033) | USD 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 | USD billion for Value |
Key Regions Covered | North America; Latin America; Europe; Asia Pacific; Middle East & Africa |
Key Countries Covered | United States, Canada, Brazil, Mexico, Germany, United Kingdom, France, Spain, Italy, China, Japan, South Korea, Singapore, Thailand, Indonesia, Australia, New Zealand, GCC Countries, South Africa, Israel |
Kay Segments Covered | Display Type, End-Use, Region |
Key Companies Profiles | Lightspace Technologies Inc.; Voxon Photonics Pty Ltd.; The Coretec Group Inc.; Holoxica Ltd.; Alioscopy; Holografika kft.; Leia Inc.; Looking Glass Factory, Inc.; SeeReal Technologies GmbH; The Coretec Group, Inc. |
Customization & Pricing | Available upon Request |
The market is valued at USD 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 USD 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 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Display Type 5.1. Static-volume Display 5.2. Swept-volume Display 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End-Use 6.1. Medical 6.2. Aerospace & Defense 6.3. Automotive 6.4. Media, Communication, & Entertainment 6.5. Education & Training 6.6. Others - Oil & Gas, Mining, etc. 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 7.1. North America 7.2. Latin America 7.3. Europe 7.4. Asia Pacific 7.5. MEA 8. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 9. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. Key Countries Market Analysis 14. Market Structure Analysis 15. Competition Analysis 15.1. Lightspace Technologies Inc. 15.2. Voxon Photonics Pty Ltd. 15.3. The Coretec Group Inc. 15.4. Holoxica Ltd. 15.5. Alioscopy 15.6. Holografika kft. 15.7. Leia, Inc 15.8. Looking Glass Factory, Inc. 15.9. SeeReal Technologies GmbH 15.10. The Coretec Group, Inc. 16. Assumptions & Acronyms Used 17. Research Methodology
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