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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Volumetric Display Market
Request Now !A volumetric display is a graphic display device that creates a three-dimensional visual representation of an object as opposed to a planar image on traditional screens that simulates depth through a variety of visual effects. Volumetric displays have unique properties such as 360-degree viewing, agreement of converge and accommodation cues, and their inherent 3D format, which enable new user interface techniques. A volumetric display device was first developed in 1912, and it was commercialized in the 1990s after being in development since the 1980s. Consistent R&D has resulted in technological advancements and innovation. Volumetric displays are 3D autostereoscopic displays that are used in medical, aerospace and defense, automotive, and industrial applications. Extensive research for volumetric displays pertaining to entertainment and gaming applications has resulted in significant technological advancement over the last few years. The medical industry is a major application area with applications such as human body scanning, surgery, and training. Volumetric displays are used in the aerospace and defense industries for a variety of purposes, including battlefield training, commander training, and air traffic control. All such factors are lucrative for the growth of volumetric display market share globally.
The global volumetric display market is segmented on the basis of component, technology, display type, application, and region. Based on component, the market is divided into motor, projector & position sensor. In terms of technology, the market is categorized into digital light processing (DLP) and liquid crystal on silicon (LCOS). On the basis of display type, the market is divided into swept, static, multi-planar and others. On the basis of application, the market is divided into aerospace & defense, oil & gas, medical, automotive, communication & entertainment, and others. Geographically, the market is analyzed across several regions such as North America, Europe, Asia-Pacific, and Latin America, Middle East & Africa (LAMEA).
Key players operating in the global volumetric display industry include 3DIcon Corporation, Holoxica, Burton Inc., Alioscopy, LightSpace Technologies Inc., Holografika Kft., Zebra Imaging, LEIA Inc., Seekway Technologies, Voxon. These companies have adopted several strategies such as product launches, partnerships, collaborations, mergers & acquisitions, and joint ventures to strengthen their foothold in the global volumetric display market.
Market Scope and Structure Analysis
Report Metric | Details |
Market Size Available for Years | 2020–2030 |
Base Year Considered | 2020 |
Forecast Period | 2021–2030 |
Forecast Unit | Value ($) |
Segments Covered | Component, Technology, Display Type, Application, and Region |
Regions Covered | North America - U.S., Canada, Mexico Europe – UK, Germany, France, Italy, Rest of Europe Asia-Pacific - China, Japan, India, South Korea, Rest of Asia-Pacific LAMEA - Latin America, Middle East, Africa |
Companies Covered | 3DIcon Corporation, Holoxica, Burton Inc., Alioscopy, LightSpace Technologies Inc., Holografika Kft., Zebra Imaging, LEIA Inc., Seekway Technologies, Voxon |
COVID-19 Impact Analysis
Since December 2019, the COVID-19 virus has been impacting businesses all around the world. The constant rise in the number of virus-infected people has prompted governments to impose restrictions on people and commercial traffic. During the first months of the virus's transmission, people were forced to stay indoors, especially when several countries around the world imposed partial or total lockdowns to halt the virus's spread. As a result, customers were compelled to pursue their interests while maintaining social distance standards. As a result, as gaming has become one of the most popular pastimes during lockdowns, the demand for volumetric display industry has increased.
Top Impacting Factors
The growing interest in 3D displays and technological advancements in 3D display technologies are driving the demand for volumetric display market size. 3D displays are becoming increasingly popular in a variety of industries, including medicine, entertainment, gaming, and defense. Other major factors driving growth in the global volumetric display market include the benefits offered by such displays, such as improved visual effects, higher resolution, and the ability for multiple viewers to look at the image at the same time from different perspectives without the need for special eyewear. Other important drivers include the growing demand for advanced medical imaging devices to detect diseases at an early stage. The growing demand for volumetric display technology in the defense sector in developed countries is expected to create new profitable opportunities, propelling the volumetric display market to rapid growth. Defense budgets in these countries have also increased significantly. Other opportunities exist in the growing preference for enhanced gaming experiences, which has gained popularity among gaming enthusiasts worldwide. Volumetric displays provide a 360-degree view of 3D gaming. Growing R&D as well as advancements in volumetric displays in surgery and telemedicine will provide additional opportunities in the future. As a result, the market has numerous opportunities for expansion. However, there are some limitations, such as the need for advanced software and electronic components, as well as the high costs incurred during the manufacturing process. These factors may have a negative impact on the growth of the volumetric display market trends and can be considered as restraining factors for volumetric display market opportunity.
Market Trends
New Product Launches to Flourish the Market
Voxon Photonics, a company developing three-dimensional (3D) volumetric technology, introduced ‘Z3D' in June 2019, the world's first 3D Arcade Machine based on swept volume technology, which provides an enhanced gaming experience with an ultra-high digital projection device. The technology also aids in the support of multi-user interaction in gaming and a variety of other applications such as video calling.
Surge In Usage in Gaming Sector And 3D Technology
In recent years, gamers all over the world have expressed a strong desire for a better gaming experience. Without any device on the gamer's body, volumetric displays provide a 360° view of 3D gaming. Furthermore, key market players, including Voxon Photonics, a company developing three-dimensional (3D) volumetric technology, are aggressively focusing on introducing innovative 3D displays for gaming purposes in a variety of countries. As a result, rising consumer demand and massive investments in manufacturing by key market players are expected to drive the volumetric display market forecast. Consumers across the world are shifting away from traditional 3D displays and toward volumetric 3D displays. This shift is due to the latter's inherent advanced features such as holographic aerial image visualization in free space, 360° spherical viewing angle, autostereoscopic capabilities, and motion-based depth cues. Volumetric displays offer higher resolution, a better user viewing experience through a variety of visual effects, and real-time 3D experience, which is expected to drive the volumetric display market growth.
Key Segments Covered
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