Volumetric Display Market Research, 2031
The global volumetric display market size was valued at $1.4 billion in 2021 and is projected to reach $14.8 billion by 2031, growing at a CAGR of 27% from 2022 to 2031.
A volumetric display is a type of 3D display technology that creates visual representations of objects or scenes with depth and volume. A 3D display refers to a type of display technology that creates three-dimensional images or visual representations of objects in space, usually without the need for special glasses or other devices. It aims to provide a more immersive and realistic viewing experience compared to traditional two-dimensional displays. In a volume display, the image appears to occupy a certain volume of space rather than being confined to a flat surface. It can be viewed from multiple angles and perspectives, giving viewers a sense of depth, and allowing them to see different sides of the object as they move around it.
A rising number of software programmers demand screens with high resolution and higher image quality. Volumetric displays offer a distinctive and immersive 3D visualization experience that is superior to conventional 2D displays, particularly for applications like medical imaging, engineering design, and scientific research. In addition, the market is expected to expand in the upcoming years, due to the increasing adoption of volumetric displays in entertainment and gaming applications. Volumetric displays provide more realistic and immersive 3D scenes, that contribute to the desire for virtual reality (VR) and augmented reality (AR) experiences. The market for volumetric displays is developing as a result of developments in display technology, including the creation of more potent graphics processing units (GPUs) as well as faster data transport. These developments have made it possible to create more complex, higher-resolution volumetric displays that can meet a variety of application requirements. These factors are anticipated to boost the volumetric display industry's growth in the upcoming years.
However, the lack of knowledge of volumetric display is indeed a significant restraint for the volumetric display market. The lack of knowledge is because volumetric displays are a recent invention that still lacks full commercial exploitation. Although there have been some notable developments such as the creation of holographic displays and light field displays, these technologies are still in the early stages of development and are not widely available in the market. These are the major factors projected to hamper the volumetric display market growth in the future.
Currently, volumetric displays are used in various applications such as scientific visualization, medical imaging, advertising, and gaming. Furthermore, volumetric LED displays are becoming more sophisticated and capable of displaying larger and more complex 3D images owing to the development of new technologies such as virtual reality (VR), augmented reality (AR), and 5G. For example, the adoption of 5G technology is expected to make it possible to distribute and display volumetric material in real-time, resulting in more seamless and immersive experiences. New uses in industries including education, training, and entertainment are expected to arise from this. The capabilities of volumetric displays are also projected to be further improved by computer graphics, machine learning, and artificial intelligence developments, enabling more realistic and engaging 3D experiences.
The volumetric display market outlook is segmented based on type, technology, application, and region. By type, the market is divided into swept volumetric displays, holographic displays, and static volumetric displays. By technology, the market is classified into digital light processing (DLP) and liquid crystal on silicon (LCOS). By application, the market is classified into aerospace & defense, medical, automotive, communication & entertainment, and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Segment Overview
The volumetric display market is segmented into Type, Application, and Technology.
By type, the holographic displays sub-segment dominated the market in 2021. Holographic displays provide consumers a distinctive three-dimensional viewing experience that makes interaction with objects more engaging than with conventional displays. This makes them perfect for uses like medical imaging, where 3D visualization may help with diagnosis and treatment planning. It is also used in the gaming and entertainment sectors, where users can interact more naturally with virtual worlds and characters. Holographic displays are widely used in the defense & aerospace sector for training and simulation. For instance, without the need for actual aircraft, pilots can practice flying in different conditions using holographic displays. The growth of this market is also being driven by the expansion of high-quality holographic displays and holographic technologies. These are predicted to be the major factors boosting the volumetric display market size during the forecast period.
By application, the medical sub-segment dominated the global volumetric display market share in 2021. The volumetric display industry has shown substantial expansion, especially in the medical sector. Volumetric displays are 3D displays that provide medical imaging like CT scans, MRIs, and ultrasounds with realistic and interactive visualization. They enable medical professionals to view and interact with 3D images of the human body, which can help with diagnosis, planning medical procedures, and surgery. Medical practitioners can view and analyze photos from any angle, and they give more immersive and realistic visualizations. In addition, they provide improved spatial awareness and depth perception, which may be crucial for surgical planning and navigation. These factors are anticipated to boost the growth of the medical sub-segment during the forecast years.
By technology, the digital light processing (DLP) sub-segment dominated the global volumetric display market share in 2021. DLP technology has a high frame rate projection capability, which is crucial for producing realistic, fluid motion in 3D displays. DLP technology is playing a bigger role in the volumetric display industry as the need for high-quality 3D volumetric displays rises. To fulfill the demands of clients in several industries, including medical imaging, gaming, and advertising, businesses are investing in R&D to enhance the performance of DLP technology and manufacturers are producing new products that utilize DLP technology. DLP technology makes it possible to produce 3D pictures that are more lifelike and detailed as display resolution rises. These factors are anticipated to boost the growth of the volumetric display market opportunity during the forecast timeframe.
By region, North America dominated the global market in 2021 and is projected to be the fastest-growing region during the forecast period. The increase in demand for advanced display technology across a range of applications, including gaming, entertainment, and medical imaging has led to tremendous growth in this market. The volumetric display market in North America is expanding significantly, with the U.S. playing a significant role. In addition, the demand for volumetric displays is being driven by a significant amount of end users in the region, including medical institutions, research labs, and the gaming and entertainment sectors. In medical imaging and surgical operations, for instance, volumetric displays are frequently utilized to provide precise 3D representations of the human anatomy, which can be crucial for diagnosis and treatment. In addition, as they provide a more immersive viewing experience for consumers, volumetric displays are in high demand due to the expansion of the gaming and entertainment sectors. The expansion of the volumetric display market in North America is also being aided by the rising popularity of virtual reality (VR) and augmented reality (AR) technologies.
By region, North America dominated the global market in 2021 and is projected to be the fastest-growing region during the forecast period. The increase in demand for advanced display technology across a range of applications, including gaming, entertainment, and medical imaging has led to tremendous growth in this market. The volumetric display market in North America is expanding significantly, with the U.S. playing a significant role. In addition, the demand for volumetric displays is being driven by a significant amount of end users in the region, including medical institutions, research labs, and the gaming and entertainment sectors. In medical imaging and surgical operations, for instance, volumetric displays are frequently utilized to provide precise 3D representations of the human anatomy, which can be crucial for diagnosis and treatment. In addition, as they provide a more immersive viewing experience for consumers, volumetric displays are in high demand due to the expansion of the gaming and entertainment sectors. The expansion of the volumetric display market in North America is also being aided by the rising popularity of virtual reality (VR) and augmented reality (AR) technologies.
Competitive Analysis
The key volumetric display market forecast players profiled in this report include Lumi Industries, Voxon Photonics, Artosci, Holoxica, Looking Glass, Burton Inc., SeeReal Technologies S.A., Sony, REALFICTION, and Alioscopy. For instance, in February 2020, Voxon Photonics Pty Ltd announced the integration of Microsoft’s Mixed Reality Capture Studios for volumetric capture codec. With this partnership, users will be able to change the view anytime with the AR capabilities.
Impact of COVID-19 on the Global Volumetric Display Industry
The COVID-19 pandemic had both positive and negative impacts on the volumetric display market. The need for effective remote collaboration tools increased owing to the introduction of social distancing measures and remote work arrangements. Volumetric displays enable immersive and realistic virtual meetings and allow participants to visualize and interact with 3D content. Therefore, the demand for such displays increased during the pandemic.
COVID-19 caused disruptions to global supply chains and manufacturing processes across various industries. The volumetric display market experienced delays or disruptions in the production and supply of display components, leading to supply chain issues and potential constraints in meeting demand.
- Economic uncertainty and reduced consumer spending during the pandemic affected the overall demand for high-end technology products, including volumetric displays. Many businesses and individuals prioritized essential purchases over discretionary spending, leading to a potential slowdown in market growth.
- The healthcare and education sectors have seen increased adoption of technology during the pandemic. Volumetric displays can be valuable tools in medical imaging for better visualization of complex anatomical structures in the post-pandemic period as well.
Key Benefits for Stakeholders
- This report provides a quantitative analysis of the volumetric display market opportunity, segments, current trends, estimations, and dynamics of the volumetric display market analysis from 2022 to 2031 to identify the prevailing volumetric display market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the volumetric display market segmentation assists in determining the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes an analysis of the regional as well as global volumetric display market trends, key players, market segments, application areas, and market growth strategies.
Volumetric Display Market Report Highlights
| Aspects | Details |
 Market Size By 2031 | USD 14.8 billion |
 Growth Rate | CAGR of 27% |
 Forecast period | 2021 - 2031 |
 Report Pages | 280 |
 By Type |
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 By Application |
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 By Technology |
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 By Region |
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 Key Market Players | Holoxica, Lumi Industries, REALFICTION, Sony, Burton Inc., Alioscopy, SeeReal Technologies S.A., Looking Glass, Artosci, Voxon Photonics |
The rising demand for advanced visualization technologies is one of the major growth factors of the volumetric display market. Surround displays offer a unique and immersive visual experience by projecting three-dimensional (3D) images in space without the need for special glasses or headphones. As the demand for advanced visualization technologies increases in a variety of industries, including entertainment, gaming, medical imaging, automotive, aerospace, and architecture, it is estimated to generate excellent opportunities in the volumetric display market.
The major growth strategies adopted by volumetric display market players are investment and agreement.
North America will provide more business opportunities for the global volumetric display market in future.
Voxon Photonics, Artosci, Holoxica, Looking Glass, Burton Inc., SeeReal Technologies S.A., Sony, REALFICTION, and Alioscopy are the major players in the volumetric display market.
The medical sub-segment of application acquired the maximum share of the global volumetric display market in 2021.
Medical and digital light processing (DLP) industries are the major customers in the global volumetric display market.
The report provides an extensive qualitative and quantitative analysis of the current trends and future estimations of the global volumetric display market from 2021 to 2031 to determine the prevailing opportunities.
Volumetric displays have significant potential in medical imaging, allowing healthcare professionals to view and interact with 3D representations of patient data, such as CT scans, MRI images, and ultrasound. This technology enables better spatial understanding and enhances the accuracy of diagnosis, surgical planning, and medical training, which is estimated to drive the adoption of volumetric displays.
The development of advanced display technologies, such as light field displays, holographic displays, and volumetric displays, is propelling the growth of the volumetric display market. These technologies offer improved resolution, brightness, color reproduction, and viewing angles, providing a more realistic and captivating 3D viewing experience, which is anticipated to boost the volumetric display market in the upcoming years.
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