Volumetric Display Market

Global Volumetric Display Market:

The global volumetric display market size reached US$ 363.7 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 2,072.4 Million by 2032, exhibiting a growth rate (CAGR) of 21.33% during 2024-2032. The growing need for 3D displays and increased product demand for imaging in medical devices are stimulating the market.

Volumetric Display Market Analysis:

• Major Market Drivers: The rising interest in immersive virtual and augmented reality experiences is propelling the market.
• Key Market Trends: The widespread popularity of the gaming industry and the increasing demand for more interactive game experiences are acting as significant growth-inducing factors.
• Competitive Landscape: Some of the major market companies include Holoxica Ltd. and Voxon Photonics, among many others.
• Geographical Trends: North America dominates the market, owing to advancements in 3D display technologies and the elevating demand for cutting-edge visualization capabilities.
• Challenges and Opportunities: The high production cost is hampering the market. However, technological innovations that reduce manufacturing costs and boost scalability will continue to catalyze the market over the forecast period.
   

Volumetric Display Market Trends:

Advancements in 3D Visualization Technologies

The market is being driven by technological advances in 3D visualization, such as increased resolution and color depth. These advancements improve the clarity and authenticity of 3D graphics, thereby expanding their application across a variety of industries, including advertising and education. In June 2024, Gracia AI launched volumetric video tools for spatial computing and announced a US$1.2 Million investment. As per the volumetric display market segmentation, this is acting as a significant growth-inducing factor.

Integration with Augmented and Virtual Reality

According to the volumetric display market scope, the combination of augmented reality (AR) and virtual reality (VR) technology is opening new possibilities. This movement is transforming immersive experience in areas, such as real estate, education, and product creation, by seamlessly merging physical and virtual settings. In May 2024, Looking Glass launched a pair of new displays, including a 16-inch mode. The displays are available in both landscape and portrait orientations, providing greater flexibility to suit diverse content formats and applications.

Increased Strategic Mergers and Material Innovations

Companies are focusing on acquiring modern technology and creating new materials to improve display performance, resolution, and efficiency, resulting in wider acceptance in industries, such as healthcare, entertainment, and automobile design. In March 2024, the Coretec Group, Inc., developer of cyclohexasilane (CHS) for EV, cleantech, and 3D display technology, and Core Optics, LLC announced an agreement under which the company is expected to acquire 100% of the membership interests of Core Optics, LLC and its subsidiaries.

Global Volumetric Display Industry Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with the volumetric display market forecasts at the global, regional, and country levels for 2024-2032. Our report has categorized the market based on component, display type, technology, and end use industry.

Breakup by Component:

• Projector
• Motor and Position Sensor
• Others
   

The report has provided a detailed breakup and analysis of the market based on the component. This includes projector, motor and position sensor, and others.

Projectors create 3D visuals by casting images onto layered surfaces, while the motor and position sensor coordinate movement and track spectator locations. This combination improves real-time engagement, making it ideal for use in entertainment, healthcare, and industrial visualization.

Breakup by Display Type:

• Swept Volume
• Static Volume
• Others
   

Currently, static volume holds the largest volumetric display market demand

The report has provided a detailed breakup and analysis of the market based on the display type. This includes swept volume, static volume, and others. According to the report, static volume represented the largest market segmentation.

Static volume displays create 3D images within a defined volume. These displays are ideal for medical imaging, data visualization, and design applications, as they provide clear and stable pictures without the need for moving parts. This segment significantly contributes to the volumetric display market growth.

Breakup by Technology:

• Digital Light Processing (DLP)
• Liquid Crystal on Silicon (LCOS)
   

The report has provided a detailed breakup and analysis of the market based on the technology. This includes digital light processing (DLP) and liquid crystal on silicon (LCOS).

Digital light processing (DLP) provides quick and specific 3D graphics. In contrast, liquid crystal on silicon (LCOS) provides high resolution, making both technologies crucial for a wide range of applications, including healthcare and entertainment.

Breakup by End Use Industry:

• Healthcare
• Academies and Education
• Aerospace and Defense
• Automotive
• Gaming and Entertainment
• Others
   

Among these, healthcare currently holds the largest volumetric display market share

The report has provided a detailed breakup and analysis of the market based on the end use industry. This includes healthcare, academies and education, aerospace and defense, automotive, gaming and entertainment, and others. According to the report, healthcare represented the largest market segmentation.

In the healthcare industry, these displays facilitate medical imaging by providing detailed and three-dimensional visualizations, improving diagnosis and surgical planning, and resulting in better patient outcomes in sectors such as radiology and surgery. This boosts the volumetric display market outlook.

Breakup by Region:

• North America 
  • United States
  • Canada
• Europe 
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Others
• Asia Pacific 
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Latin America 
  • Brazil
  • Mexico
  • Others
• Middle East and Africa
   

North America currently dominates the market

The volumetric display market research report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, North America accounted for the largest market share.

North America exhibits a clear dominance in the volumetric display market overview as a result of its robust technological infrastructure, combined with early adoption of innovative solutions. Additionally, the healthcare and entertainment industries are key contributors, with volumetric displays used for medical imaging and immersive media experiences.

Competitive Landscape:

The report has provided a comprehensive analysis of the competitive landscape. Detailed profiles of all major market companies have also been provided. Some of the key players in the market include:

• Holoxica Ltd.
• Voxon Photonics
   

(Please note that this is only a partial list of the key players, and the complete list is provided in the report.)

Volumetric Display Market Recent Developments:

• June 2024: Gracia AI launched volumetric video tools for spatial computing and announced a US$1.2 Million investment.
• May 2024: Looking Glass launched a pair of new displays, including a 16-inch mode. The displays are available in both landscape and portrait orientations, providing greater flexibility to suit diverse content formats and applications.
• March 2024: The Coretec Group, Inc., developer of cyclohexasilane (CHS) for EV, cleantech, and 3D display technology, and Core Optics, LLC announced an agreement under which the company is expected to acquire 100% of the membership interests of Core Optics, LLC and its subsidiaries.

Volumetric Display Market Report Scope:

Key Questions Answered in This Report

• How has the global volumetric display market performed so far, and how will it perform in the coming years?
• What are the drivers, restraints, and opportunities in the global volumetric display market?
• What is the impact of each driver, restraint, and opportunity on the global volumetric display market growth?
• What are the key regional markets?
• Which countries represent the most attractive volumetric display market?
• What is the breakup of the market based on the component?
• Which is the most attractive component in the volumetric display market?
• What is the breakup of the market based on the display type?
• Which is the most attractive display in the volumetric display type market?
• What is the breakup of the market based on technology?
• Which is the most attractive technology in the volumetric display market?
• What is the breakup of the market based on end use industry?
• Which is the most attractive end use industry in the volumetric display market?
• What is the competitive structure of the global volumetric display market?
• Who are the key players/companies in the global volumetric display market?

Key Benefits for Stakeholders:

• IMARC's industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the volumetric display market from 2018-2032.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the global volumetric display market.
• The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.
• Porter's five forces analysis assists stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the volumetric display industry and its attractiveness.
• The competitive landscape allows stakeholders to understand their competitive environment and provides insight into the current positions of key players in the market.