Market Trends of Volumetric Display Industry
This section covers the major market trends shaping the Volumetric Display Market according to our research experts:
Healthcare Sector is Expected to Hold a Significant Share
- The volumetric display has a potential opportunity to be exploited in the areas of medical imaging which is currently used on a large scale for the detection of fatal diseases such as cancer amongst others is expected to boost the market over the forecast period.
- 3D Volumetric displays could provide greater visibility during operations. With MRIs and CT scans being incredibly powerful diagnostic tools rich in 3D data, the 3D volumetric display can provide volume rendering of the surface and the interior of any human organ, thereby increasing the effectiveness of real-time imaging systems for doctors and surgeons. Therefore MRIs and CT scan are proving to be a great potential market for such displays.
- Some of the prominent players in the market are developing such displays that could help the doctors and the surgeons to interact with the images in real time thereby fueling the growth for the volumetric displays over the forecast period.
- Voxon's 3D Volumetric technology allows the user to bring the content to life thereby enabling them to visualise, communicate and learn. It also the user or doctors to explore and manipulate any medical data (including MRI) in real-time, zooming for getting a closer look, displaying cross sections at any angle amongst others.
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North America to Hold the Largest Market Share
- The volumetric display allows the user to view the object from any angle, it can be instrumental for the military to better understand the geography and plan the strategies accordingly.
- With the increased spending on the aerospace and defence sector by the government in the region is expected to further the growth of the volumetric display market over the forecast period.
- For instance, in 2017, in 2017, the United States military expenditure amounted to 3.15% of the total gross domestic product
- Some of the major players in the region coupled with the educational institutes through research and development activities are continually augmenting their efforts to further the technology. This is expected to boost the volumetric display market in the region over the forecast period.
- For instance, researchers from the Brigham Young University in Utah have developed a breakthrough by creating a free-space volumetric display. The display basically being a 3D printer, prints an object using particles in space resulting in floating 3D prints which can be viewed from any direction.
- Similarly, Cortec Group Inc. has developed Coretec CSpace a patented glasses-free 3D static volumetric display technology that will deliver 800 million voxels in a full-color desktop format having a 360-degree viewing angle.
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