Innovations in the 3D Displays Will Fuel the Growth of Global Volumetric Display Market - Research Dive

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According to a study conducted by Research Dive, the global volumetric display market has been adversely hit due to the coronavirus pandemic. Nevertheless, the market is predicted to recover by Q1/Q2 2022. The global volumetric display market is expected to register a revenue of $975.1 million till 2026, growing at a rate of 28.0% CAGR during 2019-2026. The global market is classified on the basis of display type, application, and region. The report offers complete information about drivers, opportunities, restraints, segmental analysis and major players of the global market. According to our analysts, growing the importance of volumetric displays in the designing of medical imaging and diagnosis devices is a potential driver for the growth of the market. However, huge cost of volumetric displays, due to them being a combination of several components, is projected to restrict the market growth.

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Static volume display type has dominant market size

The global volumetric market is classified on the basis of display type into static volume display, swept volume display and multi-planar volumetric display. In all these, static volume display type segment held the highest market size in the previous years, it was valued over $66.3 million and is projected to reach up to $482.7 million by 2026. The robust utilization of static volume models for airport security applications and petroleum sector for real time visual representation of oil & gas flow at exploration units, these factors are predicted to boost the market size in the coming years. Swept volume display type accounted for second position in the global market share in 2018 and is projected to experience a notable growth in the forecast years. This expected growth in swept volume display type is significantly due to major manufacturers are concentration on development of novel displays for the design of auto stereoscopic swept volume displays based LED screens.

Medical end use industry will be most lucrative

Based on end use industry, the global market has been categorized into entertainment & communication, aerospace & defense, medical, media, education & training, automotive and others. Among these, medical industry vertical is predicted to hold majority of the volumetric display market share in the year 2018, which was about 36.5% and is estimated to retain its growth with a healthy rate of 28.8% CAGR throughout the projected period. There is wide utilization of advanced display products for medical imaging applications such as MRI, X-ray and CT scan. Along with medical sector, aerospace & defense industry vertical occupied the subsequent position in the global market in terms of revenue and is estimated to account for $215.5 million till 2026. Growing need of volumetric displays in the defense industry for defense activities by offering visual representation of nearby land, air and sea information, will enhance the growth of the market in the projected time.

Regional insights and Significant Market Participants

North America registered for evident market share in the previous years and is projected to retain its dominance over the global market throughout the estimated time. Growing usage of volumetric displays in the healthcare sector and automotive sectors in North America is expected to boost the market growth. Besides North America, the volumetric display market for Asia-Pacific will witness to grow at a faster rate of 28.5% CAGR and is expected to reach up to $221.4 million in 2026. Increasing in use of volumetric displays in the electrical & electronics sector for holographic based gaming to improve the user experience, which will boost Asia-Pacific market growth in the forecast years.

The significant participants in the global volumetric display market are LightSpace Technologies, Zebraimaging, Leia Inc., The Coretec Group Inc., Holografika, SEEKWAY, Holoxica Ltd, VOXON PHOTONICS, ALISCOPY and Bruton Snowboards, among many others.

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