Westford, USA, June 18, 2023 (GLOBE NEWSWIRE) -- The global Volumetric Display market size is expected to reach USD 1817 million by 2030 and exhibit a CAGR of 28.35% in the forecast period (2023−2030), according to Skyquest's latest research report. The increasing demand for 3D imaging in various industries, growing use of virtual reality (VR) and augmented reality (AR) technologies, advancements in display technologies and hardware, rising need for high-resolution display solutions, growing interest in holographic display technology, increasing investments in R&D by key players are fueling the Market's growth.
Government Subsidies and Incentives to Promote the Use of Volumetric Displays
At a global scale, increasing use of holographic displays for advertising and marketing applications, growing adoption of volumetric displays in medical imaging and scientific visualization, increasing use of volumetric displays in the entertainment industry, including gaming and virtual reality, growing demand for portable and mobile volumetric displays, increasing focus on the development of cost-effective and energy-efficient volumetric displays are the trends promoting the market growth.
Several government initiatives, such as funding for research and development, government subsidies and tax incentives, government-led initiatives, government regulations and standards promotion, collaborative research and development programmes, policies and initiatives to promote emerging technologies, are promoting the growth of Volumetric Display.
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Swept Volume Display Type Demand to Grow Substantially in the Forecast Period
Swept volume display type dominated the global market owing to its lower cost. It also can display moving objects in real-time, making them suitable for various applications, including medical imaging, scientific visualization, and entertainment. One of the advantages of swept volume displays is that they can achieve a high frame rate, allowing for smooth animation and motion
Medical imaging is the Leading Application Segment
In terms of application, the medical imaging segment is the leading segment as volumetric displays have the ability to generate high-quality 3D images with a greater level of depth perception and accuracy than traditional 2D imaging techniques. In addition, the use of volumetric displays in medical imaging has been proliferating in recent years due to advancements in technology and the increasing demand for more advanced imaging techniques. For example, volumetric displays can be used for 3D reconstruction of medical images such as CT and MRI scans.
Asia-Pacific and North America are the leading Markets Due to the High Adoption of Advanced Technologies
Region-wise, North America is one of the largest growing markets with high adoption of advanced technologies in various industries such as medical imaging, aerospace and defense, and gaming and entertainment. In addition, the region is home to many key players in the market and has a well-established infrastructure for research and development activities. Moreover, the growing demand for 3D visualization techniques in various industries is expected to drive the growth of the volumetric display market in North America.
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Browse in-depth TOC on " Volumetric Display Market "
Pages - 211
Tables – 64
Figures - 75
Volumetric Display Market Report Suggests:
- Accenture Ventures makes strategic investment in Forma Vision to boost live-streamed volumetric video technology into the metaverse. The technology offers 3D holographic images of people, objects, and environments to be beamed from any location, thus revolutionizing the concept of virtual reality.
- In terms of application, the medical imaging segment dominates due to the demand for high quality 3-D images.
- In terms of type, the swept volume display type segment is projected to gain more popularity due to its lower cost
- North America and Asia Pacific are leading markets and will continue to exhibit dominance in the global market mainly due presence of major market players
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Volumetric Display Market Segmentation:
The global Volumetric Display market report is segmented based on Product type, application, and region.
By Display Type
- Swept Volume Display
- Static Volume Display
- Reflective Volume Display
- Others
By Display Technology type
- Digital Light Processing (DLP)
- Liquid Crystal Display (LCD)
- Organic Light Emitting Diode (OLED)
- Laser Plasma Display (LPD)
By Application
- Medical Imaging
- Aerospace and Defense
- Automotive
- Education and Research
- Gaming and Entertainment
- Others
By Region
- North America
- U.S
- Canada
- Europe
- Germany
- France
- UK
- Spain
- RoE
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Latin America
- Brazil
- RoLA
- Middle-East and Africa
- South Africa
- GCC Countries
- Rest of MEA
Volumetric Display Market Major Company Profiles:
- Voxon Photonics
- Light Field Lab
- Looking Glass Factory
- Leia Inc.
- Holoxica Limited
- Burton Inc.
- Zebra Imaging
- Holografika Kft.
- Aerial Burton
- 3DIcon Corporation
- FoVI 3D
- SeeReal Technologies
- The Coretec Group Inc.
- RealView Imaging Ltd.
- Geola Digital uLabs
- Alioscopy
- Ovizio Imaging Systems
- VividQ
- TriLite Technologies
- Kino-mo Ltd.
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