The global volumetric display market was valued at USD 180.72 million in 2020 and is expected to grow at a CAGR of 26.0% during the forecast period. A volumetric display is a three-dimensional visual representation of an object. It generates three-dimensional imagery by emitting, scattering, or transmitting light from well-defined regions in space. Instead of covering a small aperture, the light from a volumetric exhibit can diverge over wide angles. Isotropic light emission allows volumetric image points to be seen from either direction. Viewers do not need to wear special 3-D glasses to view 3-D video.
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Volumetric display's function allows the technology to be used on cell phones, tablets, and laptops. The ability to catch all curves makes the volumetric exhibit more transparent and effective. Furthermore, processing data for volumetric exhibits needs only simple computations. As a result, applications in fields as diverse as medical, education, military, gaming and entertainment, architecture, and aerospace have been created.
The global volumetric display market is a step forward in replacing a 2-D exhibit with a 360-degree 3-D exhibit to improve the user's perception and experience. The aim is to have a exhibit that looks the same from any angle as it does in practice, i.e., the exhibit changes and is viewed in the same way as it is in real life. The ability to view images on 26” and 32” LED/OLED screens have become popular in recent years.
One of the most significant advantages for this global volumetric display market is that volumetric exhibit removes the need for 3-D exhibit devices such as special glasses. This enables 3-D exhibit on mobile devices such as smartphones, tablets, and laptops. It also captures all of the curvatures, resulting in a more efficient and directs shows.
However, the need for a large bandwidth complicates development and increases the cost of end goods, stifling market growth. The sophistication and expense of volumetric exhibits are two major challenges. Furthermore, designing volumetric exhibits is a difficult task that necessitates the collaboration of many disciplines. High-resolution imaging also necessitates optoelectronics.
Due to widespread adoption for creating awareness across battlefield monitoring and education applications, the demand for this technology is rising across the defense market within developed countries such as U.S., UK, and Japan. These countries' governments are heavily investing in advanced technology in order to improve their defense capabilities.
In recent years, gamers across the globe, have shown strong commitment with the improved gaming. Without any screen on the user’s body, these screens have a 360° view of 3D gaming. Furthermore, key market players such as Voxon Photonics are increasingly seeking the rise in use of advanced 3D exhibits for gaming applications in a number of countries. As a result, rising customer demand and significant manufacturing investments by major players are expected to drive the global volumetric display market growth.
The global market is primarily segmented on the basis of display, end-use, and region.
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On the basis of display, Customers like static volumetric exhibits because they are readily available in a variety of categories. Forms-based on gas medium up-conversion, crystal cube static exhibits, and solid-state up-conversion fall into this group. These aid in speedy security checks at airports, as well as improved visibility during medical procedures.
The medical segment is expected to grow at the fastest CAGR among the end-use segments in the market. Because of its widespread usage during surgeries, the volumetric monitor has gained traction in the field of medical imaging applications. It provides a one-of-a-kind hyper-realistic environment for medical image simulation during surgery. It also creates a 3D image from saved MRI information in the systems and enables doctors to zoom in and out of each part of the anatomy.
North America dominates the global market. Due to numerous applications such as design and prototyping, development and management, marketing, and data visualization, the market is booming in these regions. North American market is trailed by the European and Asia Pacific markets owing to the rising demand for volumetric across applications and end-use verticals.
Market players in the industry are concentrating on both organic and inorganic growth strategies such as R&D acquisitions, partnerships, and value-added features. For instance, in November 2018, Voxon Photonics demonstrated an effective video call on a volumetric display using a 5G network. After the commercialization of 5G services in 2020, this plan aims to help Voxon Photonics increase product sales around the world.
Some of the Major Players operating the global market include 3DIcon Corp., Alioscopy, Holografika Kft., Holoxica Limited, Jiangmen Seekway Technology Ltd, Leia Inc., Lightspace Technologies, Looking Glass Factory, Inc., SeeReal Technologies GmbH, The Coretec Group Inc., Voxon Photonics Pty Ltd., and Zebra Imaging.
Market size value in 2020
USD 180.72 million
Revenue forecast in 2028
USD 856.64 million
26.0% from 2021 - 2028
2016 - 2019
2021 - 2028
Revenue in USD million and CAGR from 2021 to 2028
By Display, By End-Use, By Region
North America, Europe, Asia Pacific, Latin America, Middle East & Africa
3DIcon Corp., Alioscopy, Holografika Kft., Holoxica Limited, Jiangmen Seekway Technology Ltd, Leia Inc., Lightspace Technologies, Looking Glass Factory, Inc., SeeReal Technologies GmbH, The Coretec Group Inc., Voxon Photonics Pty Ltd., and Zebra Imaging