Product Code: GVR-3-68038-940-1
Volumetric Display Market Growth & Trends:
The global volumetric display market size is expected to reach USD 1,825.6 million by 2030, according to a new study by Grand View Research, Inc. It is expected to expand at a CAGR of 29.5% from 2023 to 2030. Several in-built features such as visualization of holographic aerial images in free space, 360-degree spherical viewing angle, autostereoscopic capabilities, and motion-based depth cues are likely to drive the market over the forecast period.
Volumetric displays are widely preferred across several industries such as military and defense, healthcare, media, communication, entertainment, and aerospace owing to their built-in features. Massive investments in R&D by prominent market players such as LightSpace Technologies Inc. are estimated to create a significant opportunity for players to gain a substantial market share over the coming years. Moreover, these investments are majorly focused on improving overall in-built features of volumetric displays, which will cater to growing consumer demand for enhanced visual experiences during gaming and other applications. Robust deployment of 5G network infrastructure is further anticipated to spur the adoption of volumetric displays to provide seamless connectivity and enhanced experience to customers during video calls.
Advances in medical imaging technologies for more accurate diagnosis is expected to offer avenues for the market from 2019 to 2025. Use of volumetric displays in medical imaging applications to create real-time visualization of medical images enables a comprehensive acceptance of the technology across the industry. These are also used in several defense applications, such as visual representation of data related to situational awareness across the sea, space, land, and cyber space during simulation and training. Rapidly increasing defense spending for technological advancements in key countries such as U.S. and China, is also expected to propel the market growth over the forecast period.
However, the technology has not yet reached maturity. Thus, it offers considerable potential and scope for further development and innovation in order to be accepted and adopted by consumers on a much larger scale. Industry players have been focusing on organic growth strategies such as R&D investments, collaborations, and value-added features to expand their overall product portfolios. These strategies help players gain a larger share in the market. Thus, key market players such as Voxon Photonics are actively investing in increasing production to fulfill the demand among consumers for various applications such as advertisement and marketing as well as education and design.
Additionally, key market players are focusing on establishing partnerships and agreements with investors in order to raise funding to expand their market presence. However, high manufacturing costs owing to the intricate design of the product is expected to hinder the overall market growth in the coming years.
Volumetric Display Market Report Highlights:
- By type, the static volume segment captured the major market share in 2022 owing to its features such as aerial images in free space, 360-degree spherical viewing angle, and motion-based depth cues
- The swept volume segment is expected to witness rapid growth owing to significant investments by market players to develop advanced products within this category
- The medical segment held the highest market share of 38.4% in 2022 and is expected to expand at the highest CAGR of 31.0% among the end-use segments over the forecast period
- North America accounted for the largest share in the global volumetric display market and is anticipated to exhibit the highest CAGR of more than 30.3% over the forecast period. The growth is due to rapidly increasing defense and healthcare spending to deploy modern technologies to obtain improved visualization during critical situations
- Companies are aggressively investing in R&D to develop new products with enhanced features to strengthen their market position and enhance their product portfolio
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.1.1. Display type
- 1.1.2. End use
- 1.1.3. Regional scope
- 1.1.4. Estimates and forecast timeline
- 1.2. Research Methodology
- 1.3. Information Procurement
- 1.3.1. Purchased database
- 1.3.2. GVR's internal database
- 1.3.3. Secondary sources
- 1.3.4. Primary research
- 1.3.5. Details of primary research
- 1.4. Information or Data Analysis
- 1.5. Market Formulation & Validation
- 1.6. Model Details
- 1.7. List of Secondary Sources
- 1.8. List of Primary Sources
- 1.9. Objectives
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.2.1. Display type outlook
- 2.2.2. End use outlook
- 2.2.3. Regional outlook
- 2.3. Competitive Insights
Chapter 3. Volumetric Display Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.2. Industry Value Chain Analysis
- 3.3. Market Dynamics
- 3.3.1. Market driver analysis
- 3.3.2. Market restraint analysis
- 3.3.3. Market opportunity analysis
- 3.4. Volumetric Display Market Analysis Tools
- 3.4.1. Industry analysis - Porter's
- 3.4.1.1. Supplier power
- 3.4.1.2. Buyer power
- 3.4.1.3. Substitution threat
- 3.4.1.4. Threat of new entrant
- 3.4.1.5. Competitive rivalry
- 3.4.2. PESTEL analysis
- 3.4.2.1. Political landscape
- 3.4.2.2. Technological landscape
- 3.4.2.3. Economic landscape
Chapter 4. Volumetric Display Market: Display Type Estimates & Trend Analysis
- 4.1. Volumetric Display Market: Key Takeaways
- 4.2. Volumetric Display Market: Movement & Market Share Analysis, 2022 & 2030
- 4.3. Swept volume
- 4.3.1. Swept volume market estimates and forecasts, 2017 to 2030 (USD Million)
- 4.4. Static Volume
- 4.4.1. Static volume market estimates and forecasts, 2017 to 2030 (USD Million)
Chapter 5. Volumetric Display Market: End Use Estimates & Trend Analysis
- 5.1. Volumetric Display Market: Key Takeaways
- 5.2. Volumetric Display Market: Movement & Market Share Analysis, 2022 & 2030
- 5.3. Medical
- 5.3.1. Medical market estimates and forecasts, 2017 to 2030 (USD Million)
- 5.4. Aerospace & defense
- 5.4.1. Aerospace & defense market estimates and forecasts, 2017 to 2030 (USD Million)
- 5.5. Automotive
- 5.5.1. Automotive market estimates and forecasts, 2017 to 2030 (USD Million)
- 5.6. Media, communication, & entertainment
- 5.6.1. Media, communication, & entertainment market estimates and forecasts, 2017 to 2030 (USD Million)
- 5.7. Education & training
- 5.7.1. Education & training market estimates and forecasts, 2017 to 2030 (USD Million)
- 5.8. Others
- 5.8.1. Others (oil & gas, mining, etc.) market estimates and forecasts, 2017 to 2030 (USD Million)
Chapter 6. Volumetric Display Market: Regional Estimates & Trend Analysis
- 6.1. Regional Outlook
- 6.2. Volumetric Display Market by Region: Key Takeaway
- 6.3. North America
- 6.3.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
- 6.3.2. U.S.
- 6.3.2.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
- 6.3.3. Canada
- 6.3.3.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
- 6.4. Europe
- 6.4.1. UK
- 6.4.1.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
- 6.4.2. Germany
- 6.4.2.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
- 6.4.3. France
- 6.4.3.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
- 6.5. Asia Pacific
- 6.5.1. Japan
- 6.5.1.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
- 6.5.2. China
- 6.5.2.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
- 6.5.3. India
- 6.5.3.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
- 6.5.4. Australia
- 6.5.4.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
- 6.5.5. South Korea
- 6.5.5.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
- 6.6. Latin America
- 6.6.1. Brazil
- 6.6.1.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
- 6.6.2. Mexico
- 6.6.2.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
- 6.7. MEA
- 6.7.1. Saudi Arabia
- 6.7.1.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
- 6.7.2. South Africa
- 6.7.2.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
- 6.7.3. UAE
- 6.7.3.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
Chapter 7. Competitive Landscape
- 7.1. Recent Developments & Impact Analysis, By Key Market Participants
- 7.2. Market Participant Categorization
- 7.2.1. The Coretec Group
- 7.2.1.1. Company overview
- 7.2.1.2. Financial performance
- 7.2.1.3. End Use benchmarking
- 7.2.1.4. Strategic initiatives
- 7.2.2. Lightspace Labs
- 7.2.2.1. Company overview
- 7.2.2.2. Financial performance
- 7.2.2.3. End Use benchmarking
- 7.2.2.4. Strategic initiatives
- 7.2.3. Voxon Photonics
- 7.2.3.1. Company overview
- 7.2.3.2. Financial performance
- 7.2.3.3. End Use benchmarking
- 7.2.3.4. Strategic initiatives
- 7.2.4. Holografikakft
- 7.2.4.1. Company overview
- 7.2.4.2. Financial performance
- 7.2.4.3. End Use benchmarking
- 7.2.4.4. Strategic initiatives
- 7.2.5. Holoxica Ltd.
- 7.2.5.1. Company overview
- 7.2.5.2. Financial performance
- 7.2.5.3. End Use benchmarking
- 7.2.5.4. Strategic initiatives
- 7.2.6. Leia Inc.
- 7.2.6.1. Company overview
- 7.2.6.2. Financial performance
- 7.2.6.3. End Use benchmarking
- 7.2.6.4. Strategic initiatives
- 7.2.7. SeeReal Technologies S.A.
- 7.2.7.1. Company overview
- 7.2.7.2. Financial performance
- 7.2.7.3. End Use benchmarking
- 7.2.7.4. Strategic initiatives
- 7.2.8. Looking Glass
- 7.2.8.1. Company overview
- 7.2.8.2. Financial performance
- 7.2.8.3. End Use benchmarking
- 7.2.8.4. Strategic initiatives
- 7.2.9. Alioscopy
- 7.2.9.1. Company overview
- 7.2.9.2. Financial performance
- 7.2.9.3. End Use benchmarking
- 7.2.9.4. Strategic initiatives