Volumetric Display Market Outlook
According to the report by Expert Market Research (EMR), the global volumetric display market size is projected to grow at a CAGR of 35% between 2024 and 2032. Aided by the steady innovation and technological advancements and higher allocation for defence budgets, the market is expected to grow significantly by 2032.
Volumetric displays create visual representations of objects in three dimensions, enabling viewers to see 3D images from any angle without the need for special glasses or other viewing devices. They are increasingly used in medical imaging, aerospace and defence, automotive design, and entertainment, providing a visually engaging and highly informative way of interpreting complex data sets.
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Technological advancements is one of the key volumetric display market trends fuelling the growth of the market globally. Improved image quality, higher resolution, and the capability to interact with these displays in real-time are notable developments. Medical professionals are increasingly using volumetric displays for diagnostic imaging, as they offer a more complete and intuitive understanding of complex structures within the body compared to 2D images. As the entertainment industry continually seeks more immersive experiences for viewers, volumetric displays are becoming a compelling option for interactive art installations and next-generation cinema experiences.
North America dominates the market, driven by high investments in technology and rapid adoption of advanced visualisation tools in various industries. Asia-Pacific is projected to experience significant volumetric display market growth, owing to increasing investments in healthcare infrastructure and growing adoption of advanced technologies in emerging economies like China and India.
Prominent volumetric display market players include LightSpace Technologies, Voxon Photonics, and The Coretec Group. These companies are focusing on research and development activities, strategic collaborations, and technological innovations to enhance their product offerings and market reach.
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Volumetric displays are likely to play a key role in the further development of AR and VR technologies, providing more realistic and interactive 3D visualisations. With the ability to offer 3D visualisations, volumetric displays are increasingly being considered for educational and training purposes, offering immersive learning experiences that can significantly aid in understanding complex subjects.
The global volumetric display market outlook is poised for significant growth in the coming years, fuelled by technological advancements in 3D imaging and increasing adoption in various industries, especially healthcare and entertainment.
Volumetric Display Market Segmentation
The market can be divided based on type, component, technology, end use, and region.
Market Breakup by Type
- Swept Volume
- Static Volume
- Others
Market Breakup by Component
- Projector
- Motor and Position Sensor
- Mirror
- Others
Market Breakup by Treatment Type
- Digital Light Processing (DLP)
- Liquid Crystal on Silicon (LCOS)
Market Breakup by End Use
- Academics and Education
- Military and Defence
- Healthcare
- Aerospace and Defence
- Automotive
- Gaming and Entertainment
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global volumetric display market. Some of the major players explored in the report by Expert Market Research are as follows:
- The Coretec Group Inc.
- Voxon Photonics
- Lightspace Technologies
- Holoxica Ltd
- Others
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