The global volumetric display market size is anticipated to reach USD 856.64 million by 2028 according to a new research by Polaris Market Research. “Volumetric Display Market Size, Share, Trends, Industry Analysis Report, By Display (Swept-Volume Display, Static-Volume Display), By End-Use, By Region; Segment Forecasts, 2021 - 2028” gives a detailed insight into recent market dynamics and delivers analysis on future market growth.
The global market is being driven by technological advances in 3D exhibits and an increase in demand for advanced medical imaging devices for better care. The market is expected to expand further due to its widespread use in medical imaging applications during surgeries. This creates a unique hyper-realistic atmosphere for the simulation of medical images during surgeries.
Furthermore, volumetric exhibits provide a stunning visual impact during product advertisements and media promotions. With technologies such as liquid crystal on silicon and digital light processing, volumetric exhibits are becoming more capable and available as key industry players increase their R&D spending.
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Users will view products based on these technologies from a variety of angles and perspectives without the need for specialized eyewear. They also allow better and more intuitive visual control, including the ability to concentrate on specific aspects of the subject matter. The aforementioned factors have a major impact on the industry's growth. Military spending is increasing in developed countries such as North America and Europe. As a result, higher defense budget allocations are expected to fuel demand for the global industry's aerospace and military end-uses in these areas.
The capability gap between volumetric exhibits and conventional 3D screens is increasing as many volumetric exhibits bring numerous improvements. These exhibits facilitate 3D imagery in free space, as well as high-resolution control of these objects. The exhibits have a range of visual effects for better image representation and enable users to view details in 360 degrees without wearing 3D glasses. Customers all over the world are shifting their preferences away from conventional 3D exhibits and toward 3D exhibits. However, this shift is owing to several advanced features, which include holographic aerial image visualization, autostereoscopic capabilities, a 360-degree spherical exhibit range, and motion-based depth cues.
Some of the Major Players operating the global market include Jiangmen Seekway Technology Ltd, Voxon Photonics Pty Ltd., Holografika Kft., Looking Glass Factory, Inc., Zebra Imaging, Holoxica Limited, 3DIcon Corp., Leia Inc., Lightspace Technologies, SeeReal Technologies GmbH, The Coretec Group Inc., and Alioscopy.
Polaris Market Research has segmented the volumetric display market based on display, end-use, and region:
Volumetric Display, Display Outlook (Revenue, USD Million, 2016 - 2028)
Volumetric Display, End-Use Outlook (Revenue, USD Million, 2016 - 2028)
Volumetric Display, Regional Outlook (Revenue, USD Million, 2016 - 2028)