Market Size of Volumetric Display Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 30.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Volumetric Display Market Analysis
The volumetric display Market is expected to grow at a CAGR of 30% over the forecast period (2021 - 2026). Volumetric displays create a luminous image point in space resembling a three-dimensional image of an object in thin air visible from any direction and angle.
- The technological advancements in the fields of 3D displays are one of the important factors contributing to the growth of the volumetric display market over the forecast period.
- For instance, the research team from Utsunomiya University's Kumagai Yukinobu campus showed their volumetric display that created a 3D stereoscopic image by using bubbles in a transparent liquid that were then coloured with laser light.
- By investing heavily in the research and development activities by the players in the market and by various educational institutions has allowed them to further augment as well as bring about innovations in the technology thereby driving the demand for such displays in the market.
- In January 2018, researchers from the University of Rochester created a small butterfly appearing to dance above a finger which can be seen no matter where the viewer is standing.
- However, high costs and complex manufacturing procedures are some of the factors that could hinder the growth of the volumetric displays market over the forecast period.
Volumetric Display Industry Segmentation
Volumetric displays allow the user to create a visual representation of an object into three physical dimensions providing the viewer with a 360-degree spherical viewing angle. This report segments the market by type, end-user industry, and geography.
| By Display Type | |
| Swept Volume Display | |
| Static Volume Display |
| By End-user Industry | |
| Healthcare | |
| Automotive | |
| Media and Etertainment | |
| Industrial | |
| Aerospace & Defense | |
| Other End-user Industries |
| Geography | |||||||
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Volumetric Display Market Size Summary
The volumetric display market is poised for significant growth, driven by advancements in 3D display technologies. These displays create three-dimensional images that are visible from any angle, offering innovative solutions across various sectors. Technological innovations, such as those demonstrated by Utsunomiya University and the University of Rochester, highlight the potential of volumetric displays in creating interactive and immersive experiences. Despite challenges like high costs and complex manufacturing processes, the market is bolstered by substantial investments in research and development from both industry players and academic institutions. This ongoing innovation is expected to enhance the capabilities and applications of volumetric displays, particularly in fields such as medical imaging, where they can improve the effectiveness of diagnostic tools like MRIs and CT scans.
In addition to medical applications, volumetric displays hold promise in the military and defense sectors, where they can aid in strategic planning by providing detailed geographical insights. Increased government spending in these areas is likely to further drive market growth. The competitive landscape remains fragmented, with key players like Voxon Photonics and Looking Glass Factory leading the charge through strategic partnerships and technological advancements. Companies are focusing on innovation to maintain a competitive edge, as evidenced by developments such as Coretec Group Inc.'s glasses-free 3D static volumetric display technology. Overall, the market's expansion is supported by a combination of technological progress, strategic investments, and diverse application opportunities across multiple industries.
Volumetric Display Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Introduction to Market Drivers and Restraints
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1.3 Market Drivers
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1.3.1 Technological Advancements in the 3D Display Technology
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1.4 Market Restraints
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1.4.1 Low Resolution
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1.5 Industry Attractiveness - Porter's Five Force Analysis
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1.5.1 Threat of New Entrants
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1.5.2 Bargaining Power of Buyers/Consumers
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1.5.3 Bargaining Power of Suppliers
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1.5.4 Threat of Substitute Products
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1.5.5 Intensity of Competitive Rivalry
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1.6 Industry Value Chain Analysis
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2. MARKET SEGMENTATION
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2.1 By Display Type
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2.1.1 Swept Volume Display
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2.1.2 Static Volume Display
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2.2 By End-user Industry
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2.2.1 Healthcare
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2.2.2 Automotive
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2.2.3 Media and Etertainment
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2.2.4 Industrial
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2.2.5 Aerospace & Defense
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2.2.6 Other End-user Industries
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2.3 Geography
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2.3.1 North America
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2.3.1.1 United States
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2.3.1.2 Rest of North America
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2.3.2 Europe
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2.3.2.1 United Kingdom
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2.3.2.2 Germany
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2.3.2.3 France
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2.3.2.4 Rest of Europe
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2.3.3 Asia-Pacific
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2.3.3.1 China
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2.3.3.2 Japan
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2.3.3.3 India
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2.3.3.4 South Korea
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2.3.3.5 Rest of Asia-Pacific
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2.3.4 Rest of the World
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2.3.4.1 Latin America
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2.3.4.2 Middle-East & Africa
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Volumetric Display Market Size FAQs
What is the current Volumetric Display Market size?
The Volumetric Display Market is projected to register a CAGR of 30% during the forecast period (2024-2029)
Who are the key players in Volumetric Display Market?
Coretec Group Inc., Seekway Technology Ltd., Voxon Photonics, Burton Inc and Looking Glass Factory Inc. are the major companies operating in the Volumetric Display Market.
