Global Volumetric Display Market Size To Exceed USD 2270 Million by 2032 | CAGR of 25.5%
Category: Semiconductors & ElectronicsGlobal Volumetric Display Market Size To Exceed USD 2270 Million by 2032
According to a research report published by Spherical Insights & Consulting, the Global Volumetric Display Market Size is To Grow from USD 234 Million in 2022 to USD 2270 Million by 2032, at a Compound Annual Growth Rate (CAGR) of 25.5% during the projected period.
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Browse key industry insights spread across 200 pages with 120 market data tables and figures & charts from the report on the "Global Volumetric Display Market Size, Share, and COVID-19 Impact Analysis, By Display Type (Static Volume, Swept Volume), By End-User (Medical, Aerospace & Defence, Automotive), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2022 – 2032." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/volumetric-display-market
Volumetric displays are visual display devices that use a 360-degree spherical viewing angle to generate a three-dimensional visual representation of an object. Graphic displays generate 3D imagery by scattering, emitting, or relaying light from well-defined regions in (x, y, z) space. A motor, position sensors, projectors, and mirrors are among the components used in these volumetric displays. They are divided into two categories, swept volume and static volume. Planar images are diametrically opposed to volumetric displays. They are distinguished by features such as 360-degree viewing, converge and accommodation cue agreement, and their inherent 3D format, which enables new user interface techniques. Growing investments by key market players in the development of innovative displays will drive market growth during the forecast period, owing to the rapid increase in demand from a large consumer base globally. During the forecast period, the high cost of devices and the complex assembly of components such as projectors, motors, sensors, and laser systems are expected to be major challenges to market growth. A high bandwidth requirement complicates development and raises end-product costs, stifling market growth. Volumetric exhibits present significant challenges in terms of sophistication and cost.
The static volume segment is expected to grow fastest in the global volumetric display market during the forecast period.
Based on display type, the volumetric display market is divided into static volume and swept volume. Among these, the static volume segment is expected to grow to grow fastest in the global volumetric display market during the forecast period. The static volume segment dominates the market share due to its ease of availability in various categories. They also help facilitate airport security checks and improve visibility during medical procedures.
The medical segment is expected to grow fastest in the global volumetric display market during the forecast period.
Based on the end users, the global volumetric display market is divided in medical, aerospace & defence, automotive. Among these, the medical segment is expected to grow fastest in the global volumetric display market during the forecast period. To provide a more precise and detailed representation of organs and tissues, volumetric displays are increasingly being used in medical imaging applications such as computed tomography (CT) and magnetic resonance imaging (MRI).
North America dominates the market with the largest market share over the forecast period.
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North America dominates the market with the largest market share over the forecast period. The increasing penetration of 3D volumetric displays in the oil and gas industry for real-time visualization of 3D fluid flow is one of the primary factors driving market growth in this region. Another key driver of regional market growth is the region's increasing adoption of innovative technology in the healthcare sector, such as auto-stereoscopic displays.
Asia-Pacific is expected to grow fastest in the global volumetric display market during the forecast period. Consumer preference for high-tech gaming solutions is propelling market growth in this region in countries such as Japan, China, and Australia. Furthermore, as a result of increased FDI in the region, the rapidly growing consumer electronics industry is a critical factor for regional market growth.
Major vendors in the global volumetric display market are Alioscopy, FoVI 3D, Holoxica Limited, HYPERION, Lightspace Technologies LTD., Lumi Industries, Optecks, LLC, RIVOX, SeeReal Technologies S.A., The Coretec Group, VIRTUAL ON LTD., VividQ Ltd., Volucap GmbH & Others
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Recent Developments
In December 2022, LightSpace Technologies, Ltd. and EUROLCDS, Ltd. announced that the fourth quarter of their joint project to develop a multi-plane volumetric display screen has been completed. This collaborative effort aims to improve the optical performance of display technology by utilizing polymer interlayer lamination in novel ways.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2032. Spherical Insights has segmented the Global Volumetric Display market based on the below-mentioned segments:
Volumetric Display Market, Display Type Analysis
- Static Volume
- Swept Volume
Volumetric Display Market, End-User Analysis
- Medical
- Aerospace & Defence
- Automotive
Volumetric Display Market, Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- Uk
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of Middle East & Africa
About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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